What is ZZZ about?

Published in

zzzfinance

3 min readAug 12, 2020

ZZZ is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon them. By the people, for the people. The decisions and actions of ZZZ are made by its members and community to assure equity and fairness for all.

ZZZ is a new form of governance system. A think-tank. A place where innovation, entrepreneurship, and technological advancements are the priority, creating a much needed utility focus to the blockchain space.The value of ZZZ is determined by the contribution and innovation of the community as a whole.

Key-Features:

- No OTC early wallets

- 100% owned by the community, for the community

- Total supply: 20,000 ZZZ

- Initial supply to Uniswap: 15,000 ZZZ — 20 ETH (1$ initial market price)

- Supply reserved for rewards: 5000 ZZZ (5000 Pool A)

- Admin tokens were burned with proof (see below)

- More decentralized than YFI with community-driven focus

Roadmap:

Community-centered Governance Platform with a voting system
Homepage revamp and improvement on the UI.
New ways to earn via additional pools and mechanisms built into the ZZZ app with parameters determined by the community
First promotion initiative by developer and some members, backed in ETH, to create multiple social media funnels to guarantee upstream
A crowdfund or a subnet pool with transaction fees to reward community contributions and foster further growth
The community think-tank has much more in store behind the scenes

Current Pools:

Pool A — 5,000 ZZZ tokens rewards:

To contribute to Pool A, users simply stake their BPT tokens. BPT tokens can be obtained by providing liquidity to the 98% DAI — 2% ZZZ pool available on balancer. Pool A will drip rewards 3 hours after uniswap listing.

Individuals who stake their BPT tokens to Pool A will be rewarded a share of 5,000 ZZZ tokens over a period of 10 weeks.

Pool B — 547 UNISWAP-V2 token rewards:

Pool B will allow us to give back to the community. Users can stake their ZZZ tokens in Pool B to gain a share of the Liquidity on UNISWAP-V2. Owners of the UNISWAP V2 tokens can then remove ETH/ZZZ tokens from UNISWAP, based on how much they own.

Individuals who stake their ZZZ tokens to Pool B will be rewarded a share of 547 UNISWAP-V2 tokens over a period of 10 weeks.

Safety and Confirmation of Token and Pool Locks:

Liquidity tokens from Uniswap will be sent to Pool B. Hence, the only way to get ownership of this Liquidity is to stake ZZZ tokens. With the fair distribution of ZZZ tokens via the initial Uniswap Sale + Pool A farming, this ensures that the Liquidity is spread evenly to all community holders. The ZZZ token has the admin keys already burnt, and no new tokens can be minted. This makes it impossible for a third party to drain any Liquidity pools.

Proofs:

Remove Owner as minter TX: 0xa131434b42f89fa5609b4c380216a4a8cc3045c8f91e635512adeb4d4ad6f8a8

Admin Keys Burn TX: 0x06d44b27e70e18108d1fbf3a43745c244e3641e2243564bc78c01674352061cd

Backed by members proving legitimacy of the smart contract and

also featured by Anti Scam Token as an example on how to prevent further minting:

https://youtu.be/EwaBIP28Whc?t=684

As soon as all new key features are implemented a professional audit will follow.

We take these words seriously:

“Whoever controls the volume of money in our country is the absolute master of all industry and commerce…when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

― James A. Garfield

ZZZ re-invents community focused governance by redistributing the power to you, the people.Join the ZZZ community today, start earning, and take control today!