Mining, Governance, and Reward

Zoom protocol is developed as a community-driven project which will be managed, governed, and further developed by the community. ZOM will be the ERC-20 token issued by Zoom Protocol and will be used for governance, staking as well as rewards for liquidity mining.

Mining

Each day a fixed allocation of ZOM will be made available for the community as part of Liquidity mining. The community will be rewarded in ZOM tokens on a daily bases as per the ratio of liquidity they provide for the ecosystem.

Governance

Users can stake ZOM tokens in the platform, and “vote” will be allocated on a 1:1 ratio. Vote holders will have options to burn “vote” to start a proposal in governance panel which can be on topics like changing mining rules, new feature requests, etc.

All other “vote” holders can vote “up” or “down” for the proposal. The Zoom team will take the corresponding action based on the voting result.

Rewards

1. 80% of ether fees generated will be distributed to ZOM stakers (“vote” holders)in ETH as per the ratio of “vote” holding pattern.

2. 20% of the daily mining allocation of ZOM tokens will be distributed to ZOM stakers

3. Holding a certain amount of “vote” will enable users to participate in Exclusive pools ( Zoom picked exclusive project public sale/discount sale)

See you at the next post!

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