FAQs
Zoth Protocol
What are the tokens available on Zoth?
Zoth has two types of tokens:
The Zoth asset token - These are LP tokens provided to lenders as a proof of participation. One can redeem ZAT after the maturity period is over.
Zoth Token ($ZOTH) - The native token of the Zoth ecosystem, Tokenomics is designed to ensure there is a circular economy for the Zoth ecosystem. $ZOTH will be instrumental in:
• Incentivizing Liquidity Providers (LPs)
• Rewarding creditworthy borrowers
• Establishing a DAO for foundation operations
• Creating an RWA validator ecosystem
If it's a stablecoin, where would your reserves be held? What is this pegged to?
Zoth asset tokens are not stablecoins. They are LP tokens provided to lenders as proof of participation. They are NOT tradable or transferable. Furthermore, they can ONLY be redeemed on the Zoth platform after the maturity of the pool.
Zoth native platform token ($ZOTH) is not a stable token. $ZOTH is the means we are using to raise our funds through private rounds.
Will the token minting protocol be controlled by your team or network validators?
Token minting and burning is completely controlled by Zoth DAO.
Who will own and manage the token treasury?
The Zoth Foundation manages the token treasury, until the token launches through TGE. Post the launch of the token, the treasury is managed by the Zoth DAO.
Will tokens be distributed by a smart contract or by your team?
The tokens will be distributed automatically by the smart contract whenever an event happens on the platform.
Will a DAO or the project team control the initial mint?
The Zoth Foundation will control the initial mint of the token. Specific details are mentioned in the report.
How can I get updates by Zoth Protocol?
To stay updated with the latest happenings and updates of the Zoth protocol, subscribe to the Zoth Medium page and follow us on Twitter. Alternatively, join our Telegram group for additional real-time updates.
By utilizing these channels, you will have access to the latest news, developments, and updates related to the Zoth protocol.
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