$ZONX is an essential part of the METAZONX metaverse, working to establish key mechanisms that are intrinsically linked to the metaverse platform and its "Own-to-Earn" (O2E) value.
$ZONX is a BEP-20 utility token built on the Binance Smart Chain that serves as the basis for transactions within METAZONX metaverse, including METAZONX, METABANK and META ENTERTAINMENT, with the following features:
- ACCESS: Users spend $ZONX to own NFT land — and harvest $ZONX by becoming the landlord in METAZONX! Landlords spend $ZONX to acquire properties and avatars, and through Staking. Land sales drive the demand for $ZONX to purchase more NFTs for land decoration.
- STAKING: Users can stake $ZONX in METABANK, which generate passive revenue of the tokenomics. Landlords get more $ZONX by decorating their lands with properties and avatars. This is also the only way to create an ongoing income stream.
- EXPENDITURE: $ZONX acts as a settlement unit for METABANK and META ENTERTAINMENT’s transaction fees. It also is used as the medium of exchange within the marketplace.
- GOVERNANCE: $ZONX is a governance token that allows holders to participate in deciding the platform's future, using the DAO structure. They can exercise voting rights on key elements such as attribution of content and NFT creators granted by the foundation, and feature prioritization on the platform roadmap. $ZONX owners can vote themselves or delegate voting rights to other supernodes of their choice.