zETH isn’t a token ticker. Its @zerufinance’s first ActivityFi market, built around Ethereum activity. Each season is designed to produce a separate, community named zToken. That distinction matters now because Zeru moved zETH registration from October 23 to Monday, October 26. Registration starts the process. It doesn’t mean a coin has launched. The docs still mark the activity race, early access seat window, auction and liquidity steps as coming next. So the useful way to evaluate this rollout isn’t by treating every announced stage as a live feature. The next evidence to examine is whether the scoring rules, access decisions and final allocation outcomes become clear enough to check independently. A documented process is a start. Evidence that the later stages actually work is the real milestone.