What is Zerion? - A Web3 Wallet for Managing DeFi and NFTs

Zerion is a multi-chain compatible Web3 wallet, an all-in-one platform that allows you to manage and trade DeFi, NFTs, and crypto assets in a single app. It supports over 500 DeFi protocols and more than 13 blockchains, enabling users to centrally manage their assets and trade at the best rates.

Conventional Challenges and Zerion's Approach

Conventional Web3 wallets (e.g., MetaMask) have faced challenges such as the complexity of network switching, insufficient DeFi/NFT management, and high gas fees.

Zerion offers the following features to address these issues:

• Multi-chain Support: Displays assets on different networks in one place.
• Gas Fee Reduction: Leverages ZERO Network (proprietary L2) to eliminate transaction fees.
• Optimized Swap Function: Automatically swaps across multiple DEXs at the most favorable rates.

How Zerion Works

1. Proprietary L2 "ZERO Network"
・A proprietary ZK-Rollup based network announced in 2024
・Processes all Zerion transactions for free
2. XP Reward Program
・Earn "XP (Experience Points)" by using Zerion
・Highly likely to be a stepping stone for future airdrops

Zerion's Strengths and Growth Potential

1. Competitive Advantages
・One of the few wallets that can manage both DeFi and NFTs
・Gas-free transactions through ZERO Network
2. Investors and Partners
・Investments from Coinbase Ventures, Wintermute, Alchemy Ventures, etc.
・$12.3 million raised in Series B funding

Future Prospects and Token Potential

・Possibility of issuing a Zerion token ($ZER)
・Future airdrop (for users with XP?)
Zerion is a rapidly growing project as a next-generation wallet that serves as a gateway to Web3.

Zerion raised $2 million in its Seed round in December 2019 from investors including Placeholder and Blockchain.com, and $12.3 million in its Series B round in October 2022 from investors including Alchemy and Coinbase Ventures.

Currently, Zerion is conducting a retroactive airdrop of its unique points, "Zerion XP". This campaign, launched in November 2024, is distributing XP points to numerous users with past on-chain activity. Zerion itself has not yet issued a native token, and what is being distributed this time is not a token but in-app reward points (XP).

Eligible User Criteria

• Zerion Users: All users who have performed swap or bridge transactions on Zerion's web app before November 15, 2024, are eligible. The amount of XP awarded is calculated based on transaction volume, number of days of on-chain usage, and address age. Zerion Premium subscribers and Zerion DNA NFT holders also receive bonus XP.
• General On-chain Users: Even users who have not directly used Zerion are eligible if they have a certain amount of past on-chain transaction history. For example, addresses that meet conditions such as "having made 10 or more transactions on major DEXs such as Uniswap and 1inch," "having less than 100 transactions per day (= not a bot)," and "having used major wallets such as MetaMask and Rainbow" are awarded XP, even if not via Zerion. Note that addresses identified as malicious bots or hackers are excluded.
• Target Scale: Over 10 million wallet addresses are eligible to receive XP based on the above criteria. This large-scale targeting allows many existing Web3 users to participate in Zerion's reward program.

Tokenomics

• Total Supply: Currently, Zerion does not have a native token, and therefore the total supply is undetermined. The XP points distributed this time are off-chain reward points, and the total number of points and the upper limit are not officially disclosed.
• Utility: XP is used for leveling up and unlocking rewards within Zerion. By accumulating XP and leveling up, users can currently unlock benefits such as several months of free access to "Zerion Premium". If Zerion issues its own token in the future, it is speculated that it could be used for governance participation, payment and staking for services within the ZERO Network, and further user incentives. However, there is no official announcement of a token issuance, and it is still at the stage where expectations are high within the community.

Summary of Steps

1. Install Zerion Wallet
2. Import your wallet
3. Bridge on ZERO Network
4. Complete quests to earn rewards
5. Refer friends to earn rewards

Detailed Steps with Images

1. Install Zerion Wallet

2. Import your wallet

3. Bridge on ZERO Network

4. Complete quests to earn rewards

5. Refer friends to earn rewards