ZTX

The history of ZTX (ZTX) began in 2022 when it was founded as a blockchain initiative backed by the technology and intellectual property of ZEPETO, the largest metaverse platform in Asia with over 430 million lifetime users. ZTX aimed to build an on-chain open world where users could participate in governance and economics while creating and selling digital assets. This initiative was a collaborative effort between Jump Crypto and Zepeto, marking Zepeto's first venture into the blockchain space.

In 2023, ZTX completed a $13 million seed investment phase, primarily managed by Jump Crypto, with additional involvement from other investors such as Collab+Currency, Parataxis, MZ Web3 Fund, and Everest Ventures Group. This funding round helped ZTX to further develop its metaverse platform, which focuses on empowering creators and communities through Web3 technologies.

ZTX has been actively developing its platform, introducing new concepts such as play-to-earn and decentralized governance. The platform has also minted 4000 District Homes as NFTs on Arbitrum, which can be used in ZTX and unlock game perks. These NFTs were initially available for presale and later listed on OpenSea.

Throughout its history, ZTX has emphasized the importance of interoperability, scalability, and education, aiming to onboard a diverse audience, including both crypto natives and existing ZEPETO users, into the world of Web3.

The cryptocurrency ZTX (ZTX) is the native token of the ZTX ecosystem, a vibrant, avatar-centric social metaverse. It serves several key functions within the platform, including governance, purchasing, and in-game utility.

ZTX enables protocol-level governance, allowing token holders to participate in decision-making processes such as voting on ecosystem configuration variables like fee structures and community treasury spending. This decentralized approach ensures that the community has a significant say in the direction of the platform.

ZTX is used as the primary quote currency within the ecosystem. It is used to purchase in-game assets, such as digital items and decorations for avatars and homes, which are minted as ERC721 and ERC1155 NFTs. These assets are sold in a primary offering smart contract, with all assets denominated in ZTX.

ZTX plays a vital role in powering the overall economy and interactions within the ZTX world. It can be used to speed up or skip certain in-game functions associated with timers, such as harvesting, extracting, and crafting tasks. Additionally, high-rarity craftables and wearables may require crafting fees to be paid in ZTX.

The ZTX ecosystem employs a token buyback program, which is funded by a portion of the platform's revenue. This program can drive value to the ecosystem through activities such as token burning, replenishing the Play Rewards, and funding the Treasury for operations and marketing expenses.

The total supply of ZTX is fixed at 10 billion tokens, with a detailed allocation and vesting schedule in place. This ensures a structured distribution of tokens to various stakeholders, including the community, developers, and partners.

ZTX prioritizes interoperability and scalability, leveraging blockchain technology to empower players, creators, and communities. It builds upon the success of ZEPETO, the largest metaverse platform in Asia, and aims to onboard both crypto-native and non-crypto-native users. The platform is designed to be highly customizable, with features like free land ownership, crafting assets, and land development, as well as plans for integrating decentralized finance and self-governed districts.

To facilitate the onboarding of a larger user base, ZTX is developing an ecosystem blockchain using Arbitrum Orbit technology. This new protocol aims to accommodate both crypto-native and non-crypto-native users and is scheduled for launch in Q3 of 2024. The mobile product is expected to streamline the onboarding process and transactions to its on-chain ecosystem.

Overall, ZTX is designed to create a seamless and engaging experience for users, combining the benefits of blockchain technology with the immersive nature of a social metaverse.

The token ZTX (ZTX) has several strengths that contribute to its potential value and utility within the ZTX ecosystem:

1. Governance: As a decentralized virtual universe, ZTX enables distributed decision-making through token-based governance. This allows token holders to participate in voting on ecosystem configuration variables such as fee structures and community treasury spending, ensuring that the community has a direct say in the platform's development.

2. Purchasing and In-Game Utility: ZTX serves as the primary quote currency within the economy, facilitating the purchase of in-game assets and experiences. These assets, minted as ERC721 and ERC1155 NFTs, are denominated in ZTX, making it a vital component of the platform's economy. Additionally, ZTX can be used to speed up or skip certain in-game functions, enhancing the overall user experience.

3. Token Buyback Program: ZTX employs a token buyback program funded by a portion of the platform's revenue. This program can drive value to the ecosystem through token burning, replenishing the incentive pool, or funding the treasury. This mechanism helps maintain a healthy token supply and incentivizes users to participate in the ecosystem.

4. Fixed Supply: The total supply of ZTX is capped at 10 billion, which can help maintain token value by preventing inflation due to over-issuance.

5. Predicted Price Growth: Various price predictions suggest that ZTX has the potential to increase in value over time, with some forecasts indicating significant growth by 2029 and 2030.

These strengths collectively contribute to the token's utility, governance, and potential for long-term value appreciation, making it an attractive investment opportunity within the cryptocurrency market.

Zero Trust Extended (ZTX) is a comprehensive approach to security that includes various components such as data, networks, people, workloads, devices, analytics, and automation. In the context of financial risks, ZTX can help mitigate several types of risks:

1. Credit Risk: ZTX's focus on least privilege access and continuous verification can reduce the risk of unauthorized access, which can lead to financial losses due to data breaches or unauthorized transactions.

2. Operational Risk: By implementing a holistic approach to security, ZTX can help minimize operational risks such as system failures, data loss, or unauthorized changes to critical systems, which can result in significant financial losses.

3. Liquidity Risk: ZTX's emphasis on granular roles and context-based access can help ensure that critical systems and data are protected, reducing the risk of liquidity crises due to unauthorized access or system failures.

4. Legal Risk: ZTX's comprehensive approach to security can help organizations comply with regulatory requirements, reducing the risk of legal action and associated financial penalties.

5. Reputation Risk: By implementing a robust security framework like ZTX, organizations can protect their reputation by minimizing the risk of data breaches and other security incidents that can lead to reputational damage and financial losses.

Overall, ZTX can help organizations mitigate various financial risks by providing a robust and comprehensive security framework that protects critical assets and minimizes the risk of unauthorized access, data breaches, and system failures.

• Mark G.: Employee at ZTX.
• Travis Britton: Employee at ZTX.
• Anish George: Employee at ZTX.
• Matt Stewart: Employee at ZTX.
• Chris Jang: Co-CEO of ZTX.