What is Zeus Network?
Zeus Network is an integrated communication layer bridging the Solana and Bitcoin networks seamlessly. The project is built on the SVM, enabling DApps on Bitcoin to easily migrate and thrive on Solana. The project aims to empower users to navigate decentralized applications through technical cross-chain breakthroughs.
ZEUS token is building Apollo - the first dApp in the ecosystem - allowing users to stake BTC to earn profits. Apollo has garnered over 40,000 users within four days of its testnet release. The project continues to plan the development of the cross-chain infrastructure Zeus Layer. Zeus Network is scheduled to launch its mainnet in June or July.
Zeus Network aims for a secure ecosystem, ensuring asset security on each chain through corresponding protocols.
Zeus Network ecosystem
- Native Bitcoin Collateral Stablecoin on Solana: Stablecoin pegged to Bitcoin on Solana, enhancing liquidity and serving various purposes.
- Native Stake/Wrap Bitcoin with Solana DeFi Yield: Users deposit Bitcoin and receive "Wrapped Bitcoin" on Solana to participate in DeFi projects and earn profits.
- Native & Cross-Chain NFT tools between Bitcoin and Solana: NFT tools facilitating communication between Bitcoin and Solana, fostering development and management of decentralized assets.
- Liquidity Tranche of Bribery System: Flexible liquidity system, facilitating convenient transactions and projects within the ecosystem.
- Native & Borrow/Lending from Bitcoin layers to Solana: Borrowing and lending feature, expanding financial connections between the Bitcoin and Solana blockchains.
Apollo DApp
The Apollo initiative demonstrates the project's commitment to connecting the Bitcoin and Solana ecosystems, promoting seamless interaction and value transfer between major blockchain networks.Zeus Network's goal in building Apollo is to optimize liquidity for Bitcoin in the Solana ecosystem through a comprehensive and decentralized approach. Apollo is not only a mere "bridge" but also a robust infrastructure for decentralized finance (DeFi).
With the development of Apollo, Bitcoin liquidity can thrive within the dynamic Solana platform.
The focus of Apollo is to implement Zeus Consensus - a mechanism designed to maintain integrity and governance. Zeus Consensus facilitates programs such as Two-Way Peg (2WP), Liquidity Management, and Revenue Management, strategically arranged on the SVM.
Apollo represents the integration of blockchains and the realization of a complex DeFi ecosystem.
ZEUS token information
- Token Name: Zeus Network
- Symbol: ZEUS
- Blockchain: Solana
- Maximum Supply: 1,000,000,000 ZEUS
- Circulating Supply: 167.5 million ZEUS (self-reported)
Allocation
- Early Investors: 10%
- Jupiter Launchpad: 5%
- Ecosystem and Community Development: 40%
- Reserve: 20%
- Project Team: 15%
- Liquidity: 5%
Unlock schedule
- Ecosystem and Community Development: Distributed over 24 months with a linear rate.
- Reserve: Distributed over 24 months with a linear rate.
- Development Team: Locked for 15 months, distributed over the following 15 months.
- Early Investors: Locked for 3 months, distributed over the following 15 months.
- Investors: Locked for 6 months, distributed over the following 15 months.
Features
- Token holders enhance security for the Zeus Network ecosystem, ensuring a robust and secure trading environment.
- Payment of fees on the platform, key to users accessing services within the ecosystem.
- Governance, decision-making related to the project's future development.
- Rewards for users contributing to the Zeus Network.
Price fluctuation and exchanges
ZEUS is trading at 0.7483 USD, up 0.39% in 24 hours but down 1.5% since its release on April 4th. The project's market capitalization is at 125.17 million USD with a trading volume of 132 million USD.
Currently, users can buy and sell ZEUS on exchanges like OKX, Gate.io, BingX, KuCoin, MEXC, and more.
Team
The core leadership team of Zeus Network includes:- Justin Wang (Founder of Zeus Network): Wang has experience in the blockchain field and is also known as the founder of the NFT collection Dappie Gang.
- Dean (Engineer at Zeus Network): Dean has years of experience researching Bitcoin and has ranked highly in several blockchain and Bitcoin hackathons.
Investors and Partners
The project raised 8 million USD from major names in the industry such as Mechanism Capital, OKX Ventures, Anatoly Yakovenko, Spartan, Animoca Brands, Big Brain Holding, Lemnicap, among others. Zeus Network is valued at 100 million USD.The project also revealed angel investors who are prominent figures in the market, such as Solana Labs co-founder Anatoly Yakovenko, Mechanism Capital founding partner Andrew Kang, and Muneeb Ali - CEO of Trust Machines and creator of Stacks.
Roadmap
Quarter 2: Muses Upgrade
Focus on developing Zeus Node, ensuring network operations, and enhancing BTC usage for APOLLO. This phase includes the following main objectives:- Beta Zeus Layer Mainnet.
- Singleton Mode deployment.
- Zeus Explorer development.
- Audit.
- Apollo Testnet V0.3.
- tBTC deposit and withdrawal.
- zBTC management.
- Integration of Bitcoin Wallet Connect.
Quarter 3: Gaia Upgrade
Launch two staking options for ZEUS and staking BTC to earn profits on Solana. Key milestones include:- Launch of ZEUS staking program.
- Beta Zeus Layer Mainnet.
- Support for Schnorr and EdDSA Threshold Signature.
- Launch of Zeus Node with ZEUS staking feature.
- Apollo Mainnet.
- BTC staking.
- Signing and staking SOL.
Quarter 4: Athena Upgrade
Build a permissionless cross-chain communication ecosystem, release Zeus Programming Library (ZPL). Development milestones in Q4 include:- Beta Zeus Layer Mainnet.
- Release of ZPL for programmable MPC.
- Fee Relayer deployment.
- Integration of Zeus Explorer.