Token utility
Traders can access the features and tools of the platform without any restrictions or tiers. We believe that everyone should have the opportunity to use the platform. Zibby maintains the incentive of holding the token by other means.
Zibby charges fees which are used for marketing, development and to fill the treasury:
This fee is charged over the value of each transaction and is paid in the network’s native currency.
The fee is distributed in the following way:
50% of the fee - Sent to the Zibby treasury.
50% of the fee - Sent to the buyback-wallet to sustain the token utility.
The fee differs per trading tool:
Market orders: 0.25%
Limit orders: 1%
Stop loss orders: 1%
The ZIB token can be staked to receive discount for the fees. With this program, staked ZIB tokens result into a discount for fees to all Zibby stakers.
The discount amount depends on which pool one has staked their ZIB tokens. The percentage of the discount is increased monthly. The stakers also receive monthly APY as an added bonus for staking. The APY depends on which pool the user has staked in. The APY is sustained through the buybacks.
So the staking mechanism is not only for getting a discount on trading fees but also for receiving monthly APY.
Months | Novice | 2,5% APY | Advanced | 5% APY | Pro | 7,5% APY | Expert | 10% APY |
|---|---|---|---|---|
First | 10% | 15% | 25% | 50% |
Second | 20% | 30% | 50% | 100% |
Third | 30% | 45% | 75% | X |
Fourth | 40% | 60% | X | X |
Fifth | 50% | X | X | X |
ZIB tokens give holders the right to vote on issues that govern the development and operations of the Zibby project. It is a method to distribute the decision-making power for our community. This decentralized governance model helps align the interests of the token holders with that of the project. Zibby stakers can vote on major topics to ensure the project's development. Zibby's voting will take place via smart contracts.
Last modified 1yr ago