Unconfirmed

Zerion Airdrop

Review release date: 12/13/2024

Zerion started as a non-custodial wallet for managing crypto, DeFi assets, and NFTs across multiple blockchains. To enhance its ecosystem, Zerion launched the Zero Network, an Ethereum L2 rollup offering gasless transactions through native account abstraction. This move simplifies blockchain interactions, lowers costs, and removes the barrier of transaction fees, furthering Zerion’s mission to make Web3 accessible to all. 

blockchain iconblockchain
Agnostic
Category iconCategory
Wallet, Portfolio Analytics
Airdrop Date iconAirdrop Date
Unconfirmed
Market cap iconMarket cap
-
KYC iconKYC
No
Project age iconProject age
> 5 years

Project Review

Problem Solved

Zerion Wallet
Zerion tackles the fragmented nature of blockchain asset management by offering a unified, non-custodial wallet that supports cryptocurrencies, DeFi investments, and NFTs across multiple blockchains. Many users face challenges in navigating various wallets and protocols for different asset types. Zerion consolidates these into a single, user-friendly interface, significantly lowering the barrier to entry for blockchain participation.

This simplifies complex actions like token swaps, yield farming, and portfolio tracking, empowering users with a seamless experience. By integrating with leading DeFi protocols and supporting over 10,000 tokens and NFTs, Zerion positions itself as a comprehensive solution for both retail and advanced users.

Zero Network L2 Chain
The Zero Network addresses a critical issue in blockchain usability: high transaction costs and network congestion. By introducing gasless transactions for Zerion Wallet users, the network eliminates one of the primary pain points deterring broader adoption. The Zero Network achieves this through native account abstraction and custom paymaster contracts that sponsor transaction fees. This design reduces costs while maintaining the user-friendly ethos of the wallet.

Additionally, the inclusion of tools like Onchain DNA ensures that spam and abuse are mitigated, protecting the integrity of the network. Together, Zerion Wallet and Zero Network work in tandem to simplify blockchain interactions, enhance accessibility, and lower entry barriers for new and existing users.

Tokenomics

Zerion currently operates without a native token, focusing instead on delivering value through its wallet services and the Zero Network. The Zero Network leverages a custom paymaster system to cover transaction fees for users, emphasizing accessibility over token-based incentives.

However, speculation about a potential native token stems from several factors. Launching a token could align with industry trends by enabling decentralized governance, rewarding user participation, and enhancing the platform's financial sustainability. Additionally, with the Zero Network's growth, a token could provide utility for staking, incentivizing network security, or offering premium features, further integrating users into the Zerion ecosystem. These possibilities have sparked community anticipation, although no official announcements have been made. 

Perspectives

Zerion’s dual focus on a seamless multi-chain wallet and its Zero Network positions it well for the future of Web3. The wallet’s ability to unify asset management across blockchains addresses a key pain point, while the Zero Network’s gasless transactions could attract users seeking cost-effective and user-friendly solutions. As blockchain adoption grows, Zerion’s approach of prioritizing accessibility and usability aligns with broader market trends.

Challenges remain, particularly in sustaining the gasless transaction model. The paymaster system requires effective cost management and robust spam prevention mechanisms to scale efficiently. Additionally, as competition in the wallet and L2 rollup markets intensifies, Zerion must differentiate itself by maintaining innovation and offering unique value propositions.

The absence of a native token is noteworthy, as its introduction could create new opportunities, such as incentivized engagement or decentralized governance. However, such a move would require careful planning to balance utility and regulatory considerations.

Zerion’s success will depend on its ability to execute its vision while navigating these challenges. Its existing user base and proven track record suggest strong potential, but the competitive landscape and operational complexities will test its adaptability and resilience. 

Founders and Team

Evgeny YurtaevCo-founder & CEO
Alexey BashlykovCo-founder & CTO
Vadim KoleoshkinCo-founder & CSO

Zerion was founded in 2016 by Evgeny Yurtaev (CEO), Alexey Bashlykov (CTO), and Vadim Koleoshkin (CSO), with the aim to build an internet-scale infrastructure enabling anyone with a smartphone to access financial services globally. The founders bring a strong background in software engineering, having previously worked together at Jufy Projects, a software development and consulting company. Their entrepreneurial expertise is demonstrated by their prior experience in founding and managing businesses.

Notably, Evgeny is also an active angel investor in various Web3 projects, while Alexey co-founded EtherionLab, a company specializing in smart contract development and audits. Beyond the founding team, Zerion employs a roster of seasoned professionals and is actively looking to expand its product and engineering teams. 

Funding

Seed
$2 MILLION
DECEMBER 2019

Investors: Placeholder (lead), Blockchain.com Ventures, Gnosis

Series A
$8.2 MILLION
JULY 2021

Investors: Mosaic Ventures (lead), Placeholder, DCG, Lightspeed, Blockchain.com Ventures, DeFi Alliance Fund, Continue Capital, SevenX Ventures, G1 Ventures, Bitscale Capital, Wintermute, The LAO

Series B
$12.3 MILLION
OCTOBER 2022

Investors: Wintermute Ventures (lead), Placeholder, Mosaic, Polymorphic Capital, Coinbase Ventures, and Alchemy Ventures. 1inch Network’s Sergej Kunz, Anton Bukov, and Orest Gavryliak also participated alongside Yunt Capital & Grégoire Le Jeune.

Zerion has secured over $22 million in funding since its inception through early-stage rounds led by Placeholder, Mosaic Ventures, and Wintermute Ventures, with backing from notable venture capital investors. In 2024, the project conducted an exclusive angel round, drawing support from influential figures in the Web3 ecosystem, such as Cooper Turley (CoopRecords), Spencer Noon (OurNetwork), and Patricio Worthalter (POAP). Proceeds from this round have been directed toward developing ZERO, Zerion's blockchain network.

Beyond capital raised through funding rounds, Zerion generates revenue through a 0.8% fee applied to swaps and bridges across all networks and sidechains supported by its wallet. Additionally, the project offers a subscription-based service, Zerion Premium, priced at $99 per wallet or $299 for a bundle of seven wallets. Subscribers gain access to enhanced features, including a reduced trading fee of 0.4% across all supported chains. 

Zerion Funding Round
Series B, $12.3M Raised 
Wintermute logocoinbase ventures logo
alchemy logoplaceholder logo
mosaic ventures logopolymorphic capital logo

Community

Zerion has built a robust community since its inception in 2016, amassing over 331,000 followers on X and 110,000 Discord members. Notably, the team reports that the Discord community has grown fourfold in the past year, reflecting the project’s expanding reach and engagement. Zerion has also ramped up its activity on X, with 69 posts in November—the highest monthly count to date.

The project further engages its audience through the Zerion DNA NFTs, which have 350,000 holders, and over 50,000 minted POAPs. Additionally, Zerion runs an ambassador program that incentivizes community builders, content creators, and developers, fostering active contributions to the project’s ecosystem and community growth. 

Competitors

Zerion operates in a highly competitive market, facing established players and emerging challengers in the wallet and L2 rollup sectors. Among non-custodial wallets, notable competitors include MetaMask, the most widely used multi-chain wallet with deep integration into Ethereum-based ecosystems, and Rainbow, which focuses on Ethereum and offers a visually appealing interface. Additionally, Coinbase Wallet combines multi-chain support with seamless integration into the broader Coinbase ecosystem, making it a strong contender for both beginners and advanced users.

In the L2 rollup space, Zerion's Zero Network competes indirectly with solutions like Arbitrum and Optimism, which prioritize scalability and cost reduction for Ethereum. While these networks require users to pay gas fees, Zerion differentiates itself with gasless transactions, appealing to users seeking cost-free interactions.

The market is saturated with wallets and rollups, many of which offer unique features. Zerion’s strength lies in its combination of services - a unified wallet and gasless L2 rollup - providing a seamless, integrated user experience. However, maintaining this edge requires continuous innovation, particularly as competitors increasingly adopt features like account abstraction and fee-sponsorship models. Zerion's ability to stand out will depend on its execution and its ability to scale without compromising user experience or financial sustainability. 

Strengths:
User-Friendly Design: Focuses on simplifying complex blockchain interactions, appealing to both novice and experienced users. 
Gasless Transactions: The Zero Network eliminates gas fees for users, enhancing accessibility and reducing costs. 
Strong Investor Backing: Zerion is supported by a diverse group of prominent investors, providing not only financial resources but also strategic guidance and credibility. 
Risks:
Sustainability of Fee Model: Covering transaction fees for users may become financially challenging as the user base grows. 
Market Competition: Competing with established wallets requires continuous innovation and differentiation to attract and retain users. 
Token Speculation Pressure: If a native token is introduced, speculation and volatility could overshadow its intended utility.

Conclusion

Zerion stands out as a project with a clear mission: simplifying blockchain interactions and making Web3 accessible to a broader audience. The combination of its all-in-one non-custodial wallet and the innovative Zero Network demonstrates a deep understanding of user pain points, particularly around cost and complexity. Gasless transactions and a seamless interface are strong differentiators in an increasingly crowded market.

However, the project’s future will depend on its ability to maintain and scale these offerings while navigating challenges such as fee sustainability, competition, and potential regulatory hurdles. The speculation around a native token adds an extra layer of interest and potential utility, but it also raises questions about execution and market dynamics.

What makes Zerion compelling is its ability to blend simplicity with innovation, backed by a strong team and notable investors. Yet, as the blockchain space evolves rapidly, success will require agility, consistent delivery, and strategic foresight. Zerion is well-positioned to succeed, but the journey will test its capacity to meet user expectations, innovate ahead of competitors, and adapt to industry changes. This balance of strengths and risks makes Zerion a project worth watching closely. 

Other Details

Zerion's XP program is a gamified rewards system that incentivizes users to engage with the Zerion Wallet and its ecosystem. Participants earn XP (experience points) through various activities such as completing transactions, bridging assets to the ZERO Network, and participating in daily quests. XP accumulates to unlock higher levels and exclusive rewards, including access to premium features and benefits across Zerion's Web3 partnerships. While Zerion does not have a tradable token, it is speculated that the amount of XP generated can be considered for a potential airdrop, if a token is launched. 

Airdrop farming steps

Step-by-Step Guide to Farming Zerion Airdrop

1

Install the Wallet: Visit https://app.zerion.io/rewards and install the Zerion Wallet as a browser extension.

2

Bridge Tokens to ZERO Network: Transfer tokens to the ZERO Network to earn passive XP daily. The more tokens you bridge the more XP you earn.

3

Complete Daily Quests: Access https://app.zerion.io/rewards/quests and engage in tasks such as token swaps or NFT minting for additional XP.

4

Use Gasback: Receive XP as a rebate for gas fees spent on other Layer 1 or Layer 2 networks. 

5

Invite Friends: Share your referral link to earn 10% of the XP your invitees generate. 

6

Join the Socials: Follow Zerion on X and join the project's Discord server to get the Early Access role. The role gives exclusive access to new features and could potentially result in a bigger airdrop reward.

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