ZIX Tokenomics!

Our token sale draws closer by the day! Lately we’ve been asked a lot of questions about the token sale and our tokenomics. In this post, we’ll try to answer those and more! First, a few hard numbers.

1. 1 ETH = 5000 ZIX. That ratio is now pegged, so regardless of how ETH moves relative to the dollar, one will be worth 5000 ZIX at the token sale. Because we can’t be sure what the Ether rate will be at the token sale (because no one can be) and because our goals are in USD, we can’t predict the total supply quite yet, but it’ll be announced shortly before the TGE (token generation event), when we set the Ether rate. Once we’ve set the Ether rate, it’s a simple calculation to work out how many tokens will be issued.
2. Pre-sale bonuses are locked for 9 months from the TGE. Our community’s been asking a lot about lockups and bonuses lately, so we’ll lay it all out here! Currently there’s no bonus on the public sale, but we do put a moratorium on pre-sale bonuses as mentioned in order to prevent pumping and dumping, a standard practice in the industry.
3. Unsold tokens will be burned.
4. Team Tokens are locked for 36 months. We’re creating an economy, and we don’t want to risk that economy in any way, especially during its infancy, so better safe than sorry!
5. We’ve gotten some questions about the ZIX/USD ratio; this will be entirely determined by the ETH/USD rate, as the ratio of ZIX/ETH is set at 1 ETH = 5000 ZIX.

We’ve also been asked about the private sale quite a bit. The private sale is exactly that and the minimum is around $100k USD. If you’re interested in contributing, we’ll be glad to answer your questions privately!

We know we haven’t answered EVERYTHING here, but that’s just one more reason to tune into TG (https://t.me/zeexme) for our AMA with CTO Ziv Isaiah today, May 2nd at 12:30 GMT.