ZEROBASE Comprehensive Insight: In-depth Exploration of the Compliance and Selling Pressure Risks Behind the "ZK Yield" Narrative

On October 17, 2025, the ZEROBASE Token ZBT will be available for Airdrop and will simultaneously log in to the CEX Alpha Spot and Perpetual Futures markets. With the innovative narrative of “zk-SNARKs savings interest” and early support from top exchanges, ZBT has gained attention before its launch. However, a large-scale Airdrop of up to 5%, compliance restrictions in the European Economic Area, and the lack of key token economic information cast a shadow over its price movement after listing.

What is ZEROBASE?

ZEROBASE is a high-performance savings and interest-generating protocol based on zero-knowledge proof (ZK) technology. Its core positioning is to provide on-chain savings returns while protecting user privacy. It aims to address the contradiction between transaction transparency and user privacy in traditional DeFi protocols, as well as the issue of idle on-chain assets that cannot generate returns.

From a technical perspective, ZEROBASE has built a ZK-Rollup privacy layer that allows users to engage in liquidity staking and yield activities without disclosing specific deposit and transaction details. The protocol also achieves built-in deflation through a buyback and burn mechanism, aiming to support the value of the Token in the long term.

Core Innovation Analysis: The Fusion of Privacy and Profit

The uniqueness of ZEROBASE lies in its combination of cutting-edge privacy technology with classic financial models:

ZK Technology Empowers Privacy Savings: Unlike traditional public ledger DeFi protocols, ZEROBASE utilizes zk-SNARKs, allowing users' deposits, interest accrual, and redemption actions to be verified without exposing address associations and specific amounts. This provides greater financial privacy protection for institutional users and high-net-worth individuals.

Real-time Yield and Deflation Model: The protocol is committed to providing high-performance yields. Its sources of income may include on-chain staking, liquidity provision, etc. At the same time, a portion of the protocol's revenue is used to repurchase and burn ZBT tokens in the open market, thereby reducing the circulating supply and theoretically providing long-term support for the token price.

zkStaking Pool: This is the core of its early products, where users can earn returns by participating in these pools and thus gain eligibility for Airdrops, which helped it accumulate its initial user base.

Token Economics: Angel or Devil?

Despite the rich details of the airdrop, there are still significant information gaps in the complete token economic model of ZEROBASE, which represents the biggest uncertainty for investors.

Known Airdrop Allocation (5% of supply):

• CEX Booster Program: 3% - allocated to users participating in the CEX wallet activity, but the tokens may be subject to a lock-up period.
• Early Users: 1.89% - Allocated to early participants in zkStaking (such as CoinList users).
• Galxe Activity Participants: 0.11% - Allocated to community activity users.

Critique, Doubts, and Risk Points:

• Massive Information Black Hole: Currently, only 5% of the Tokens have been announced for Airdrop. The remaining 95% token distribution plan (team, investors, ecosystem fund, etc.) as well as key data such as total supply, initial circulating market cap, and fully diluted valuation (FDV) have not been clearly disclosed based on existing public information. This is a serious warning signal in crypto projects, and investors are essentially blindfolded.
• Concentrated Airdrop Selling Pressure: 5% of the supply will be released to the community at once, with most of it (such as Boosters and early users) likely to sell immediately after listing to lock in profits. This will create significant concentrated selling pressure in the early stages of the TGE.
• Lock-up Risk of Booster Token: Tokens obtained through CEX Booster may have a lock-up period, which can lead to market segmentation. When the unlocked tokens are sold off, it may trigger a second round of price decline when the locked tokens are released.

Ecological Support and Market Heat

ZEROBASE performs strongly in terms of market popularity, but appears vague in other aspects.

• Top-tier exchange endorsement: Gained listing support from CEXAlpha and simultaneously launched Spot and 50x leveraged Perptual Futures, which has brought unparalleled initial liquidity, attention, and trading depth. This is the project's most core advantage.
• Extensive early user acquisition: Successfully accumulated an early community through testing and activities in collaboration with platforms such as CEX Wallet and CoinList.
• Shortcomings of Information Gaps: According to the existing public information, the background of the project's investors and the detailed resumes of core team members have not been disclosed. Compared to projects with a luxurious venture capital lineup and star teams, ZEROBASE lacks in credibility building.

Potential Opportunities and Core Risks Coexist

Potential Opportunity:

• Unique Narrative: The combination of “Privacy + Yield” has strong appeal, aligning with the market's dual pursuit of privacy and returns.
• Top Liquidity: CEXAlpha's Spot and Perptual Futures dual launch ensures an excellent initial trading environment, attracting professional traders.
• Deflationary Model: If the buyback and burn mechanism is executed effectively, it can become a strong support for long-term prices.
• First-mover community advantage: Accumulated real early users through multiple rounds of activities, rather than pure speculators.

Core Risks:

Token Economic Model is Opaque: The biggest risk is that 95% of the token distribution is unknown, which may lead to issues such as high centralization and excessive shares held by the team and investors.

Massive Airdrop Pressure: 5% of the supply is concentrated and released in the short term, making price pressure almost inevitable.

Compliance Restrictions: Users from the European Economic Area are excluded from the Booster Airdrop, reflecting the project's caution in addressing global regulations and the potential compliance challenges it may face.

Technical Complexity: The ZK technology itself is complex, and its security and performance need to be rigorously tested over time.

Intense Competition: Both the privacy track and the yield track have numerous strong competitors, and ZEROBASE needs to demonstrate its dual advantages in returns and technology.

Conclusion and Strategy Recommendations

ZEROBASE, with its innovative narrative and strong support from CEX, is undoubtedly a project worth paying attention to. However, in the absence of key information, its initial trading upon listing resembles a high-risk speculation.

• For high-risk tolerant investors (aggressive): If you have strong beliefs in ZK and the privacy sector, you may consider establishing a small position at the price lows caused by the Airdrop sell-off. The strategy should be to enter and exit quickly, with strict stop-loss settings (e.g., -20%), and aim to take profits in the short term (such as within a few days). Be sure to be cautious of the liquidation risks brought by 50x leverage in the contract market.
• For investors with medium risk tolerance (conservative type): It is strongly recommended to adopt a “wait-and-see” strategy. The primary task is to wait for the project team to announce the complete token economic model, especially the total supply, FDV, and the lock-up plan for team/investor tokens. Secondly, observe the price movement and trading volume changes in the week after listing, and consider whether to enter the market only after the initial selling pressure has been fully released.
• For conservative investors: It is recommended to completely avoid the initial stage. The uncertainty of this project is too high until the core issue of token allocation is clarified. It can be placed on the watchlist, and after it has been operational for several months, demonstrating the market demand for its product and the sustainability of its token model, further evaluation can be made.

Disclaimer: The above analysis is based on publicly available information as of October 15, 2025, and does not constitute any investment advice. The cryptocurrency market is highly risky, please make decisions with caution.