What is Zeus Network? Information about ZEUS Token

Table of Contents

What is Zeus Network?

Zeus Network is a pioneering platform that bridges the two most popular blockchain worlds today – Bitcoin and Solana. Built on the Solana Virtual Machine (SVM), it serves as a cross-chain bridge, enabling seamless communication between these two networks.

This combination brings remarkable advantages. While Bitcoin is renowned for its robust security, Solana is known for its fast transaction processing speed and flexible scalability. Through Zeus Network, assets can move freely, coexisting on both ecosystems, maximizing the potential of each platform.

With the ability to seamlessly convert between Bitcoin and Solana, Zeus Network promises to usher in a new era in decentralized finance, where the convergence of security and performance becomes feasible, breaking traditional barriers.

Zeus Network Products

Zeus Verifier

At the core of the network are the Zeus Verifiers – transaction verification entities. To become Verifiers, they must operate a Zeus Node and stake SOL or LSD-SOL (tokens representing staked SOL). They then register with the Verifier Registry Program to formally join the network. The Verifier’s stake plays a crucial role, ensuring system security through economic penalties for fraudulent behavior.

Zeus Node

The Zeus Node is the core system operating the network, including on-chain and off-chain services such as transaction registration, signature aggregation, transaction broadcasting, and peer-to-peer connections between nodes. The flexible separation of these functions provides flexibility and easy interaction with various networks like Bitcoin Layer 2, EVM Chain, MoveVM, etc. Additionally, it supports multiple languages like Solidity, Move, etc.

Zeus Consensus

Zeus Network employs a Proof-of-Stake consensus mechanism operated by Verifiers. The network’s security model is similar to Optimistic Rollup with Fraud Proof, allowing anyone to provide evidence of fraud during the challenge period of transaction packages. If the evidence is verified, the person receives a reward, while related Verifiers are penalized by reducing their initial stake.

The operation process of Zeus Network is divided into two separate stages: Proposal and Verification. Transactions on Bitcoin and Solana are processed and stored independently thanks to the Proposal Management Program, after which Verifiers access and process them.

Apollo dApp

While Zeus Network acts as the core infrastructure layer, facilitating the connection between Solana and other blockchains, Apollo is built on Zeus Network with the specific purpose of linking liquidity between Bitcoin and Solana. Apollo provides a seamless bridge, promoting the free flow of liquidity between the two ecosystems.

The centerpiece of Apollo is zBTC – a token representing Bitcoin on Solana, maintained at a 1:1 ratio with BTC and operating through a 2-Way Peg mechanism. Apollo leverages Simplified Payment Verification (SPV) combined with a decentralized node group from Zeus Network to operate the consensus mechanism.

Highlights of Zeus Network

Solana Virtual Machine (SVM): The heart of Zeus Network is the Solana Virtual Machine (SVM), a virtual machine used by nodes in the network for verification and consensus. The choice of SVM is expected to provide superior scalability, enabling rapid network growth. Moreover, using SVM also facilitates Solana developers to build and deploy decentralized applications (dApps) on Zeus Network easily.
Interaction with Bitcoin and Layer 2 Ecosystem: Initially, Zeus Network focuses on interacting with Bitcoin, inheriting its strong security and accessing substantial liquidity from this leading cryptocurrency network. However, Zeus Network’s future ambition is to easily interact with solutions within the Bitcoin Layer 2 ecosystem like Stacks, Lightning Network, etc. This will expand the scope of applications and create more opportunities for the network.
Apollo dApp Product: Apollo is the first decentralized application platform deployed on Zeus Network. It allows users to stake Bitcoin to earn profits. Apollo’s main goal is to provide abundant liquidity to the Zeus Network while potentially helping Solana’s Total Value Locked (TVL) reach parity with Ethereum – the biggest competitor.

Development Team

Zeus Network is founded and led by a talented and experienced team in the blockchain and cryptocurrency technology field. Key personnel include:

Justin Wang: Founder and driving force behind Zeus Network.
Dean: Core engineer with extensive experience in Bitcoin technology.

Investor

The project has attracted $8 million and is valued at $100 million, led by Mechanism Capital, with participation from investors such as Okx Ventures, Animoca Brands, Big Brain Holding, Lemniscap, Spartan, Anatoly Yakovenko, among others.

What is ZEUS Token

After understanding what Zeus Network is, let’s explore the project’s token – ZEUS.

Basic Information about ZEUS Token

Token Name: Zeus Network
Ticker: ZEUS
Blockchain: Solana Chain
Address: ZEUS1aR7aX8DFFJf5QjWj2ftDDdNTroMNGo8YoQm3Gq
Token supply: 1,000,000,000 ZEUS
Circulating supply: 167,500,000 ZEUS

ZEUS Token Use Cases

ZEUS token plays a central role in Zeus Network operations, with two important functions:

Governance and Voting: ZEUS allows holders to participate in decision-making and project governance through voting rounds on the network.
Staking and Verification: Users can stake ZEUS to become official nodes or verifiers on the Zeus Network. This role contributes to transaction verification and maintaining network consensus.

ZEUS Token Allocation

Ecosystem & Community Growth: 45%
Foundation Reserve: 20%
Team: 15%
Early Backer: 10%
Advisor: 5%
Launchpad Sale: 5%

ZEUS Token Release Schedule

Ecosystem & Community Growth: 10% at TGE, gradually released over 12 months.
Foundation Reserve: 10% at TGE, gradually released over 12 months.
Team: Locked for 15 months, gradually released over the next 15 months.
Early Backer: 5% at TGE, remaining locked for 3 months. Then, gradually released over the next 15 months.
Advisor: 5% at TGE, remaining locked for 6 months. Then, gradually released over the next 15 months.
Launchpad: 100% at TGE.

Roadmap

Q2 2024

Deployment of Zeus Layer Mainnet Beta, including Singleton Mode, Zeus Explorer, and Audit.
Launch of Apollo Testnet V0.3, introducing features like tBTC deposit and withdrawal, zBTC collateralization, and integration of Bitcoin Wallet.

Q3 2024

ZEUS Staking program rollout, allowing staking ZEUS tokens to earn rewards and become nodes/verifiers on the network.
Official launch of Apollo Mainnet, enabling staking of both BTC and SOL for profit.

Q4 2024

Release of Zeus Programming Library (ZPL) – a standard programming library for developing applications on the Zeus Network platform.
Development of cross-chain ecosystem, expanding connectivity and interaction with various other blockchains.

Project Information

Website : https://zeusnetwork.xyz/
Twitter : https://twitter.com/ZeusNetworkHQ
Discord : https://discord.com/invite/zeusnetwork

Conclusion

Zeus Network is a promising combination of two leading blockchain forces today – Bitcoin and Solana. As SOL has recently experienced an impressive price surge, and with Bitcoin anticipating its most significant event in 2024 – the Bitcoin Halving, being a project that connects these two worlds, Zeus Network holds a special position to leverage the potential from both sides.

With a clear vision and the ability to persuade major investors, Zeus Network has made a significant impact right from its initial fundraising round, reaching a valuation of $100 million led by Mechanism Capital. This impressive figure reflects strong investor confidence in the project’s development potential.

Zeus Network is poised to become an attractive phenomenon, within the long-term scope and monitoring of cryptocurrency investors. With the ability to connect the two largest ecosystems today and abundant funding, this project promises to bring about new breakthroughs, accelerating the integration and development process of the decentralized finance industry.

By delving into the article “What is Zeus Network? Information about ZEUS Token” have you gained a better understanding of the Zeus Network project? If not, feel free to leave a comment below to get your questions answered right away!