ZTX is a blockchain-based social metaverse platform that focuses on user-generated content and community building. It aims to empower creators and users by providing on-chain ownership and governance of digital assets, with a strong emphasis on interoperability and scalability. ZTX is built upon the foundation of ZEPETO, the largest metaverse platform in Asia, and is designed to integrate Web3 tools and experiences for both crypto-native and non-crypto users.
The crypto ZTX ($ZTX) is the native token of the ZTX ecosystem, serving multiple purposes within the platform. It is primarily used for governance, purchasing, and in-game utility.
Governance$ZTX enables decentralized decision-making by allowing token holders to participate in governance processes. This includes voting on ecosystem configuration variables such as fee structures and community treasury spending.
Purchasing$ZTX is used as the default quote currency for in-game assets, which are minted as ERC721 and ERC1155 NFTs. These digital items are sold in a primary offering smart contract, denominated in $ZTX. This necessitates that all assets and experiences within the economy are priced in $ZTX.
In-Game Utility$ZTX plays a vital role in powering the overall economy and interactions within the ZTX world. Key aspects of in-game utility include:
- Speeding Up or Skipping Timers: Players can spend $ZTX to expedite or skip certain in-game functions associated with timers, such as harvesting, extracting, and crafting tasks.
- Crafting Fees: Certain high-rarity craftables and wearables require crafting fees to be paid in $ZTX.
Additionally, $ZTX is used in a token buyback program, which is funded by a portion of the platform's revenue. This program can drive value to the ZTX ecosystem through token burning, replenishing the incentive pool, or funding the treasury.
To store ZTX tokens securely, you can use cryptocurrency wallets, which fall into two categories: software wallets (hot wallets) and hardware wallets (cold wallets). Software wallets are connected to the internet and are less secure, while hardware wallets store your crypto keys offline, providing better security. Ledger is a highly secure hardware wallet option. It is recommended to store the seed phrase, which unlocks the wallet, in a physical form, such as metal seed phrase storage solutions, to protect it from loss or destruction.
To buy ZTX (ZTX) tokens, follow these steps:
Choose an Exchange: Select a reputable cryptocurrency exchange that supports ZTX trading and operates in your country. Popular options include Bitget, MEXC, and other exchanges that list ZTX.
Create an Account: Sign up for an account on the chosen exchange. This typically involves providing personal information and verifying your identity through a Know-Your-Customer (KYC) process.
Deposit Funds: Deposit fiat currency or other cryptocurrencies into your exchange account. Various payment methods are available, such as credit/debit cards, bank transfers, and third-party payment services like Simplex and Banxa.
Buy ZTX: Use the deposited funds to purchase ZTX tokens. You can do this through the exchange's spot market, where you can trade ZTX for other cryptocurrencies or fiat currencies.
Store or Use ZTX: Once you have purchased ZTX, you can store it in your exchange wallet or transfer it to a personal wallet for long-term storage. You can also use ZTX for trading, sending, or spending on goods and services that accept it.
Remember to research the exchange and its fees before making a purchase, and ensure you understand the risks associated with investing in cryptocurrencies.
