What is ZetaChain?
ZetaChain is the foundational, public blockchain that enables omnichain, generic smart contracts and messaging between any blockchain. It solves the problems of “cross-chain” and “multi-chain” and aims to open the crypto and global financial ecosystem to anyone. ZetaChain envisions and supports a truly fluid, multi-chain crypto ecosystem, where users and developers can move between and appreciate the benefits of any blockchain: payments, DeFi, liquidity, games, art, social graphs, performance, security, privacy, and so on.
What is ZETA Toeken?
ZetaChain’s coin ZETA is used to pay the gas fees for ZetaChain smart contracts and additionally used to secure the PoS ZetaChain blockchain by bonding/staking/slashing. ZETA is also at the core of ZetaChain’s cross-chain transfer, swaps, message delivery, and security. ZETA is one of the first multi-chain coins that is natively issued across multiple chains and layers.
Users can directly move the ZETA coin from any chain A to chain B. The mechanism is a one way peg (i.e. burning X amount on chain A and then minting X amount on chain B).
We use our own coin ZETA to represent value cross-chain because:
Unlike the more common two-way pegging, there is no wrapping and therefore no multiple representation of the same underlying asset.
The only (native) value that can go cross-chain is via the ZETA coin, which reduces attack surface substantially, resulting in an easier to understand audit and therefore higher security. For example, we can check total supply at the contract mint site.
Users can pay ZETA for the cross-chain service that ZetaChain provides, and for gas on the destination chain, in a single step/bundle.
ZetaChain(Twitter: https://twitter.com/zetablockchain) is Layer 1 blockchain built using the Cosmos SDK. ZetaChain’s goal is to be omnichain dApps, which supports multiple networks (L1 blockchains like Ethereum and BSC and Layer 2 solutions like Polygon and Optimism)
You can earn ZETA Point by Swapping, Inviting new members, and Reporting issues. The following table shows how many points you can earn by each task.
GUIDE:
Getting Started:
In this beta-test, we use Goerli testnet, Polygon Mumbai, and BSC Testnet, so get each gas token from the following:
Goerli ETH: https://goerlifaucet.com/
MATIC: https://faucet.polygon.technology/
BNB: https://testnet.binance.org/faucet-smart
Step 1:
Connect wallet and claim faucet
Head to https://labs.zetachain.com. When Twitter verification pop-up appears, click “Verify with Twitter”. Note that your Twitter account must be over 1 month old.
We then select the wallet to connect, MetaMask or Coinbase Wallet
When the wallet is connected properly, click “Request Assets” to claim Testnet ZETA.
Remember if or when error occurs and cannot receive ZETA
go to ZetaChain Discord and claim your faucet there. click the link below to join:
Step 2:
Confirm Wallet
Go to Leaderboard page and click “Confirm Wallet” to be qualified as test user.
Step 3:
Now we go to swap. Swap any asset to any other asset. You can follow the gif below quoted from https://blog.zetachain.com/announcing-zetalabs-1ab832adf86.
That’s it for the guide. Ask at ZetaChain Discord if you have any questions. Also do not forget to provide your Testnet Feedback under Discord Feedback Channel.