Introducing Zero Money
The first genuine zero-value currency in the world
Every token has its own value. Usually founders of a project try hard to add more value to the token and form a community around it. Almost every token follows the same approach so we thought:
“What about launching a token that’s completely opposite to others?”
That was the initial motive to build Zero Money, we wanted to create the first genuine zero-value currency in the world.
Super Inflationary
Zero Money is an ERC20 token on Ethereum. What differentiates it from other tokens is, whenever you transfer your balance to someone else, the same amount is newly minted and distributed to all holders as a dividend.
The first goal of other token projects is always to make their token as deflationary as possible thus creating more buying pressure in the market. Zero Money operates in the exact opposite way because it is designed to be as inflationary as possible. Holders will have almost 0 motive to hold the token because it’s obvious the value of what they have in their hands will get lower and lower.
Here’s the twist. In order to give people at least one reason to hold we have designed the minting to follow a halving schedule: For the 21 days 100% of your transferring amount is newly minted, for the next 21 days only 50% of the amount minted, and so on. In the 60th halving era(approximately 4 years) minting stops and that’s when holders will finally be happy. Hold it for 4 years and make money or just leave now and never look back. It’s your choice.
(-3, -3)
The greater the amount which is circulated in the market, the higher inflation gets. This is the perfect opposite of (3, 3) game theory. In the famous game theory of Olympus DAO, they motivate holders to stake more so that everyone gets more. In Zero Money’s tokenomics, only when you sell your tokens (if you can) will you get the most benefit from it.
So we call it (-3, -3)
Run by a DAO, but with a dictatorship
Many DeFi projects create a DAO and make the decision making process transparent and clear to earn more trust. Again, Zero Money follows a completely different way.
This project was initiated by LevX who’s running his personal DAO, LevX DAO. Zero Money is incubated by his DAO, but he calls himself “the dictator” and decides everything at his own convenience. Even snapshot votes conducted by holders can be turned over in the last minute just because he doesn’t like it or he mutes or kicks out members in the discord to censor public opinion, etc.
Surprisingly, he has many loyal followers and they don’t seem to have much problem about him. He gives away free money to them and maybe that’s how he bribes his followers?
But who cares? Anyways Zero Money wouldn’t have any value.
No pre-sale, no VC, no team allocation
Why do they start a crypto project? Obviously to make money out of it. So they raise funds by selling pre-minted tokens to the VCs and have some amount as team allocation.
But Zero Money has zero-value so even though we want to sell some tokens in the beginning — it’s not possible. That’s right, we couldn’t make money even if we tried. Also, as described above, it follows (-3, -3) game theory so the team doesn’t even want to hold it. That’s why there is no team allocation.
In conclusion, Zero Money will just be a public good that doesn’t add to the wealth gap between the rich and poor. Actually no one can be rich by having this zero-value token. Now we’re one step closer to the world John Lennon had imagined.
IZO(Initial ZERO Offering)
In order to know what zero value feels like you need a placeholder for that value so you can look at your tokens and say “that right there has zero value”. That’s why we’re doing an IZO to provide an initial supply of tokens to our believers.
To get initial ZERO, what you need is not financial but social investment(on twitter & discord). Here are the steps:
- Join LevX DAO discord
- Follow @thezeromoney
- Like and RT this tweet
- Leave your discord id as a reply to the tweet
If you’re done with above, you can visit https://thezero.money from April 4th 00:00 (UTC) and claim 1 ZERO token. IZO will go on until April 9th 00:00 (UTC) and there’s no soft cap or hard cap. The number of people who participate in IZO will be the initial supply of ZERO and no more balance will be minted in the future(except when you transfer).
AIRDROP 2.0
We believe ZERO knowledge is the future of blockchains so we’ll give away 10k tokens max for the holders of zkPunks, the first NFT collection on zkSync.
MINTING SUPPLY
More and more $ZERO be minted for new comers of LEVX DAO until the minting supply reaches 33,333. After that, only through halving schedule will the inflation happen.
If you have inquiries or requests, visit the discord or send a DM to twitter @thezeromoney. Probably you wouldn’t get any response.
