Zeus Network Describes Itself As

Zeus Network is a decentralized platform designed to bridge Bitcoin and Solana, combining the security and liquidity of Bitcoin with the scalability and transaction speed of Solana. The project enables communication and interoperability between the two networks, supporting applications and infrastructure that benefit from this synergy. Its ecosystem focuses on cross-chain integration, leveraging decentralized infrastructure to provide robust, scalable solutions.

Project Function

The core infrastructure of Zeus Network is ZeusLayer, a protocol facilitating connectivity between Bitcoin and Solana. Developers can utilize the Zeus Program Library (ZPL), a suite of tools for permissionless integration and application development, and cross-chain transactions are validated through ZeusNodes, operated by verified organizations and individuals referred to as Guardians.

The project has launched its Mainnet Beta, APOLLO, which offers key functionalities, including:

• A Bitcoin liquidity terminal for cross-chain liquidity management.
• zBTC, a permissionless representation of Bitcoin on Solana for use within the Solana ecosystem.

Token Utility

The platform's utility token, ZEUS, is an SPL token that users can delegate to ZeusNodes/Guardians in order to participate in validating cross-chain transactions.

Token Supply Breakdown:

• 40%: Community incentives and ecosystem growth.
• 20%: Foundation reserve.
• 15%: Project team allocation.
• 10%: Early backers.
• 5%: Liquidity provision.
• 5%: Jupiter Launchpad.
• 5%: Advisors.

About the Founders

Justin Wang, Founder & CEO. Originally from Taiwan but raised in Canada, is a graduate of UBC. In 2014, he established a VPN business in Dubai, focusing on the Saudi market, which he later sold for $3.5 million equity exit in 2016. In 2020, Justin founded "dAppio Lab," where he led technological innovations in Solana and various other blockchain ecosystems.

Dean Little, Co-Founder and Chief Scientist, has a background in blockchain research and development. He previously served as the CTO of Turbin3 Innovation, a research and developer training institute on the Solana blockchain, and as Lead Developer Relations Officer at the Solana Foundation.

Jim Chiu, Co-Founder and CTO, previously served as CTO of DappioLab, a development organization supporting multiple blockchains.

Highlights

• The Mainnet Beta, APOLLO, has achieved over $1 million in total value locked (TVL), $270,000 in volume, and 700+ unique wallets interacting with the platform at the time of writing. 
• Over 1 million ZEUS tokens have been staked and delegated to Guardians, reflecting robust community engagement.

Zeus Network’s positioning as a Bitcoin-Solana bridge underscores its potential to fill a critical gap in cross-chain interoperability and liquidity.

Risks of ZEUS

Like an investment in other crypto assets, there are some general risks to investing in ZEUS. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in ZEUS is subject to the following specific risks:

• ZEUS operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with ZEUS. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The ZEUS community and Zeus Network founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of ZEUS have no recourse to the ZEUS community, Zeus Network founding team, or Uphold if ZEUS declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing ZEUS on the Uphold Platform, Uphold performed due diligence on ZEUS and determined that ZEUS is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of ZEUS, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of ZEUS.
• Any marketing materials put forward by the ZEUS social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with ZEUS, including any code defects, security breaches and other threats concerning ZEUS and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with ZEUS, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of ZEUS.