Zethyr Exchange Introduction
September 04 2019
Zethyr Exchange is a TRON decentralised exchange that distributes 100% revenue to the community.
In this article, we will introduce the main features of Zethyr exchange:
- ZTR token and its use cases
- Asset security
- Support and media channels
ZTR Token and Its Use Cases
ZTR is the native token of Zethyr exchange and can only be mined with trades; there is no private of public sales of ZTR. Therefore, the number of circulating ZTR reflects the true trading activities of the exchange and the intrinsic value of ZTR will increase over time.
The mathematical model behind ZTR generation can be viewed on our Zethyr Exchange website.
You can stake ZTR tokens to receive either EcoPower, TradingPower or VotingPower.
EcoPower is for token holders who would like to passively enjoy the economic benefits from the exchange. ZTR holders can convert their ZTR to EcoPower at the rate of 1 to 1.
The first use case of EcoPower is to give holders weekly dividends. The amount of dividend received by each holder will be proportional to his EcoPower and calculated at the end of every day, Eastern time. The daily dividend is accumulated and claimable by the end of every Sunday, Eastern time. 100 percent of the exchange transaction fee is distributed via dividends. Users can retrieve the original number of ZTR immediately by unstaking their EcoPower which takes 24 hours to complete. While EcoPower is unstaking, holders will not enjoy any dividend. The amount of dividend is only calculated at the end of every day; therefore, if users unstake their EcoPower before the end of the day, they will not receive any dividends for the day.
The second use case of EcoPower is to increase referral fee. Without EcoPower, users receive 20% of their referrals’ trading fee in real time. If users hold 500 EcoPower, they will enjoy 40% of their referrals’ trading fee instead.
More use cases for EcoPower will be added in the future.
TradingPower is for token holders who would like to enjoy maximum trading benefits from the platform. ZTR holders can convert their ZTR to TradingPower at the rate of 1 to 1.
Normally, the trading fee is 0.1%. However, if users convert their ZTR to TradingPower, they can enjoy daily quota of free trading. At any given time, the entire exchange handles a fixed quota of free trading, which is determined by VotingPower holders. The ratio of free trading quota of an account to that of an entire exchange is equal to the ratio of the account’s TradingPower to the total TradingPower across the exchange at that time.
Therefore, the free trading quota of a given amount of TradingPower may change over time.
VotingPower mostly concerns the governance of the exchange. Zethyr holders can convert their Zethyr to VotingPower at the rate of 1 to 1. With VotingPower, one can vote for the next pair to be listed on the exchange, the fixed quota of free trading, the next technical improvement of the platform, etc.
Managed by TRON smart contract, Zethyr Trust cannot be stolen by anyone including Zethyr developers. Each transaction with Zethyr Trust is recorded on the TRON blockchain, providing absolute transparency to everyone and signed with a unique private key, unbeknownst to everyone, including Zethyr developers. The combination of transparency and unique private key provides every transaction utmost security, safety and transparency.
Furthermore, each user account is handled by a separate smart contract to prevent a single point of failure and maximise user protection.
Support and Media Channels
Please follow our official to get the latest news and support:
- Telegram: https://t.me/ZethyrExchange
- Twitter: https://twitter.com/ZethyrExchange
- Medium: https://medium.com/@ZethyrExchange
- YouTube: https://www.youtube.com/channel/UCxyXOGCPxG8D06opjTSjW8g