Dear ZT users:
ZT has launched the Zenith smart chain (ZSC), a decentralized high-performance trading public chain based on ZT platform points and ZTB as the underlying ecological asset. The ZSC smart chain super node election and voting activities will end in the near future.
The activity rules are as follows
- Deadline for node election voting: 23:59:59, May 10, 2021 (UTC+8);
- Node election voting requirements: candidates who pledge at least 100,000 ZTB;
- Node election voting entrance: "Node election" in the navigation bar at the top of the web, or APP-homepage banner-node election banner to enter
- Election voting rules
- Total voting limit for single user and single node: 10 million ZTB, 1 ZTB = 1 vote;
- The total amount of votes during the single user activity period: 1ZTB -- 210 million ZTB;
- After participating in the vote, it cannot be revoked during the event period;
- Each user can vote for the same node multiple times, or vote for multiple nodes at the same time;
- The top 21 candidates in the number of votes will successfully run for the ZSC super node.
- Super node rights
The super node will receive block rewards according to the block height. One block will be generated every 3 seconds. Each block will be rewarded with 0.808 ZTB, which means that 16.16 ZTB will be generated every minute, and a total of 8,493696 ZTB will be generated throughout the year (365 days);
- Reward distribution mechanism
l The number of ZTB rewards obtained by successful super nodes: the block rewards are divided according to the proportion of the votes of each successful super node to the total votes of 21 super nodes;
lUsers participating in voting: Super nodes that succeed in the election will be rewarded to voting users on a daily basis according to the reward ratio, and users will share this reward according to the ratio of the number of votes to the total number of votes cast by the nodes;
For example: the total number of votes of 21 super nodes is 7 million ZTB, of which the number of votes of node A is 700,000, then the proportion of ZTB rewards obtained by node A throughout the year is 10% (1 million / 10 million), which is 849369.6 ZTB.
If the reward distribution ratio of node A is 90%, then the total number of rewards distributed by node A to all voting users throughout the year is 764432.64 (8493696 * 90%) ZTB. If the total number of votes Xiao Wang gave to node A is 700, then the number of ZTB rewards Xiao Wang received throughout the year is: 764.43264 (8493696 * 90% *0.1%) ZTB, that is, the annualized rate of return: 109.20%. (The actual income is calculated based on the final number of votes of the user after the end of the voting and the total number of votes of all super nodes)
- Node election unlocking mechanism
l Users who voted for nodes that have not successfully campaigned: The pledged ZTB will be returned to the coin account (no lock-up) within 15 working days after the end of the voting.
Users who have successfully voted for the node election: the unlock will be unlocked at the end of May 2022.
Risk warning: Digital assets are innovative products with large price fluctuations. Users are requested to rationally judge their risk tolerance and make decisions prudently.
New Token，Great ZT
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Thank you for your continued support to ZT! ZT will continue to provide you with better products and better services!
May 7, 2021