What is ZTX (ZepetoX)? Overview of the ZTX Project

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Like many other sectors in the crypto industry, the metaverse market is currently facing significant challenges, especially following the downturn of Meta (formerly Facebook). Many people are now questioning the viability of this market. However, there is a Metaverse project called ZTX (ZepetoX) that has raised $13 million in funding from major funds during this general downturn. So what is ZTX (ZepetoX)? What makes this project unique? Let’s explore it in this article.

What is ZTX (ZepetoX)

ZTX is a metaverse platform founded in 2022 with the goal of creating a world where the community and creators can freely express themselves, trade digital assets, and interact with friends.

In ZTX’s metaverse, there are four genesis districts:

Games District: A place where people can engage in various games and competitions to earn rewards.
Arts District: The home of artists, creators, and a community that celebrates the potential of NFTs.
Financial District: The financial hub where trading and DeFi applications take precedence.
Fashion District: The fashion capital, where designers, brands, and fashion enthusiasts gather.

ZTX Structure

ZTX is divided into two main components: Land and assets within ZTX.

ZTX Land: ZTX Land is similar to the land in other metaverse projects, where creators can freely develop games and services for their community. What sets ZTX Land apart is that it has no limitations, and all Lands are free for creators.

Each user, upon creating an account and connecting their wallet address, receives their own Land. Additionally, other NFTs in the user’s wallet allow them to freely create on these Lands.

Users with ZTX Land have various privileges, including:

Participating in games, allowing players to farm, harvest, and trade in-game items for GOLD.
Designing their own spaces: On their Land, users can freely decorate with their NFTs to create their unique creative space.
Creating games: Landowners can invite friends to their Land and host various events and build their services for income.

Assets within ZTX: Raw Materials: Raw materials are resources in the game that can be harvested, exchanged for gold, and used to craft various items. Similar to farming games, users can produce these resources, and they can be used in-game or sold for GOLD.

Gold (GOLD): Gold is the in-game currency used for buying, selling, and trading. Users can purchase Gold using $ZTX tokens. Gold serves various purposes, such as:

Buying or exchanging different resources with other players.
Purchasing designs.
Buying tickets to participate in various games.
Participating in lotteries or raffles.
Acquiring special items.

Apparel: Clothing and accessories are items used in the world of ZTX, allowing users to design their characters freely. There are also other items like vehicles and homes that enable players to create their unique world.

Shared World (District): The shared world (District) is like a large city where all players can interact and meet. Players can form their communities or groups with friends to participate in and experience various in-game activities within the ZTX world.

ZTX’s Shared World will initially be designed with four main spaces, including games, fashion, art, and finance. Additional spaces will be added based on user consensus.

ZTX NFT Genesis Home Collection Information

NFT Collection Name: ZTX Genesis Home
Total NFTs: 4,000 NFTs
Blockchain: Arbitrum
NFT Contract: 0x35373efc2FD7D852729cae869Cc32acc979100bD
Total Supply: 4,000 NFTs
Public Sale Price: 0.06 ETH
Pre-Sale Price: 0.03 ETH
Sale Date: August 31, 2023
Blockchain: Arbitrum

NFT Genesis Homes offer various benefits, such as special privileges within ZTX, becoming the first VIP players in ZTX, receiving $ZTX airdrops, and becoming members of Districts.

Information about ZTX Token

After learning what ZTX is, let’s explore details about the ZTX project’s token.

Token Metric

Token Name: ZTX token
Ticker: ZTX
Blockchain: Arbitrum
Contract: 0x1C43D05be7E5b54D506e3DdB6f0305e8A66CD04e
Total Supply: 10,000,000,000 ZTX
Circulating Supply: 900,000,000 ZTX
TGE on October 16, 2023

Token Allocation

Distribution and Vesting Periods of ZTX

$ZTX Distribution	$ZTX (Qty)	$ZTX (%)	Lock	Vesting
Early Investors & Advisors	550,000,000	5.50%	6 months	2 years
ZEPETO	950,000,000	9.50%	1.5 years	4 years
Core Team	1,600,000,000	16.00%	6 months	3 years
Community Fund	1,000,000,000	10.00%	1 month	3 years
Initial ZTX Liquidity	100,000,000	1.00%	None	Immediate
Genesis Airdrop	400,000,000	4.00%	None	Immediate
X2E Rewards	3,500,000,000	35.00%	1 month	4 years
ZTX Foundation Treasury	1,500,000,000	15.00%	None	3 years
MM Liquidity	400,000,000	4.00%	None	Immediate
Total	10,000,000,000	100.00%

Token Utility The ZTX token is the native token of ZTX, serving to govern the protocol and strengthen the ZTX ecosystem as a utility token.

$ZTX includes several functions designed to support this vibrant ecosystem, with three main uses: governance, purchasing, and in-game utility.

Governance: In a decentralized virtual universe, the decision-making process is critical. The key governance functions include the ability to use one’s tokens to actively participate in governance processes. Token holders can vote on ecosystem configuration variables, such as fee structures and community fund spending.
Purchasing: Buying ZTX generates various in-game assets that users can use to decorate their homes and enhance their avatars. These assets are minted as ERC721 and ERC1155 NFTs. In-game digital items are sold through smart contracts with all assets priced in $ZTX.
In-Game Utility: In addition to governance support, $ZTX plays a crucial role in driving the overall economy and interactions within the ZTX world. Key aspects of in-game utility include the ability for players to spend $ZTX to accelerate or bypass specific time-related functions in the game. For example, a manual task that takes 10 hours could be accelerated by 1 hour with a $5 ZTX spend.

Roadmap:

Core Team

The ZTX team is led by CEO Chris Jang, with members who have previous experience at companies like Apple, Roblox, Epic Games, and major blockchain ecosystems like Solana, Flow, and Cosmos.

Investors/Backers

On August 17, 2023, ZTX announced the completion of a $13 million funding round led by Jump Crypto and other investment funds like Collab Currency, Parataxis, MZ Web3, and EVG. ZTX is backed by Zepeto, a gaming platform in the Asian market with over 400 million registered users, more than 20 million monthly active users, and over 2.5 billion virtual items traded on the platform. Zepeto is valued at over $1 billion and is one of the largest “Web2” virtual world game companies in Asia, ranking as the fourth largest in the world, following giants like Roblox, Fortnite, and Minecraft.

Project Community

ZTX boasts a Twitter community with over 66,000 followers and a Discord community with more than 30,000 participants. ZTX holds the promise of becoming the successor to a major Metaverse player, ranking fourth in the world, which is ZEPETO, with over 400 million users.

Exchange Listings

Currently, ZTX is listed on various exchanges, including Bybit, MEXC, and Gate.io,…..

ZTX Information Channels

Website: https://ztx.io/
Twitter: https://twitter.com/ZTXofficial
Discord: https://discord.gg/ztx
Medium: https://medium.com/ztx-official

Conclusion

Leveraging ZEPETO’s over five years of experience in the metaverse, ZEPETO holds the promise of providing a solid foundation for ZTX to advance into the web3 metaverse. In this article, AZCoiner has provided you with information about what ZTX (ZepetoX) is,, along with detailed information about the ZTX project. AZCoiner hopes this article offers you the most useful information. Stay tuned to our articles for the latest updates in the cryptocurrency market.