ZMT is a ERC-20 token custodised on BitGo created and governed by Zipmex, a digital assets exchange and investment platform. ZMT is designed to be used mainly within the Zipmex ecosystem. Holders of ZMT will receive a boost on earnings from digital assets stored in Zipmex and can receive reduced transaction fees when trading on the Zipmex platform. ZMT is also designed to facilitate payments within Thailand with ZipPay, which will be rolled out in Q4 2021. Holders of ZMT can make electronic payments with ZMT using QR codes at stores in Thailand and receive cashbacks and rebates with every payment.
What is Zipmex?
Zipmex is the only fully regulated cross-jurisdictional digital assets exchange in Asia Pacific with a variety of investment products including interest-bearing accounts (ZipUp), lending (ZipLend) and payments (ZipPay). Its vision is to be the leading digital wealth generation platform in this region by providing people with better financial and investment opportunities. Fully-regulated by the relevant authorities and operational in Singapore, Australia, Indonesia, and Thailand, Zipmex provides users with a safe and secure platform to buy digital assets at the best prices via the provision of the deepest liquidity pools.
What are the use cases for ZMT?
Higher earnings from Zipmex earnings schemes when ZMTs are bought and staked. Lower lending fees from ZipLend when ZMTs are bought and staked. Make electronic payments with merchants while receiving cashbacks and other benefits in Thailand. Use to trade for other tokens on Zipmex exchange. Get trading fee discounts on Zipmex exchange.
What is the circulating supply of ZMT？
There will be a total of 200,000,000 ZMT in the Zipmex ecosystem, of which 66,000,000 ZMT are targeted to be in circulation by the end of 2021.
38% of the total supply will be used for community development, 15% for private sales, 22% for the Zipmex team. The remaining 5% and 20% is allocated to Zipmex early advisors and the Treasury respectively.
While the total token supply is capped, the demand for ZMT is expected to continuously rise as the ecosystem and use cases for the token continue to expand. As ZMT will be gradually released into the market over the course of four years from launch, the Zipmex team will manage the demand and supply of ZMT.
How are ZMTs secured?
As the token is a ERC-20 token, it uses smart contracts for the token implementation.. On Zipmex, ZMTs are stored in BitGo's custodian wallet.
