ZetaChain Vote Clears Quorum as Network Halt Targets Around Dec. 9

ZetaChain’s vote on ending its layer-1 network and moving the ZetaChain token (ZETA) to Solana has cleared quorum, with voting still open ahead of the Nov. 7 deadline. At 4:48 p.m. ET Nov. 5, the tally showed 256.1 million ZETA in favor and about 420 ZETA against. With 379.9 million ZETA bonded, participation stood at about 67.4%, above the proposal’s 40% quorum requirement. Clearing quorum does not mean the measure has passed. Proposal 70 requires more than 50% support to pass. Holders can continue voting against it before the voting period closes.

Source: TokenPost