ZOY FAQs

What does ZOY stand for and what is it?

Zool Pay. The ZOY, a token based on the Binance Smart Chain technology, is a unit of exhange in a new Blockchain based digital advertising system and will also be accepted in Zool ecosystem.

What does ZOY represent?

ZOY are tokens in a new Blockchain and token based digital advertising platform. They are not refundable, nor are they securities or for speculation. There is no promise of future performance. There is no suggestion or promise that ZOY has or will hold a particular value. ZOY give no rights in the company and do not represent participation in the company. ZOY are sold as a functional good. Any value received by company may be spent without conditions. ZOY are meant only for experts in cryptographic tokens and blockchain-based software systems.

What amount is being raised?

Whats the cap of tokens? Will there be a follow-on offering?

We are targeting a raise of as much as $10 billion USD and a mid cap of 100 million and soft cap of 6 million.

What crypto-currencies are accepted in the crowdsale?

ETH and BNB will be accepted in the crowdsale. You will be required to have an Ethereum wallet pointed at the token/crowdsale address to participate in the crowdsale. ZOY are Binance Smart Chain derived tokens. If you hold BTC or some other crypto-currency it can be exchanged for ETH if requried and used to participate in the crowdsale.

When will the Crowdsale happen?

We will announce the date on the ICO listing platforms 48 hours before the crowdsale. Note that the ZOY crowdsale parameters will be tied to blocknumber, so times will depend on Ethereum or BNB mining rates.

What is the price of ZOY?

ZOY will be a fixed ratio to ETH. This may vary slightly with ETH volatility as we get closer to the contract deployment date. The exchange rate will be 3200 ZOY per ETH. ZOY can also be bought via fiat currency at USD 1 each.

How will Zool use ETH raised during token launch?

The ETH received in the crowdsale will by used by Zool Software to build out the Blockchain-based digital advertising system, which uses ZOY as a unit of exchange. It will also be used as mentioned into Vision 2027 of the company.

How will Zool store ETH?

Zool will use the standard Ethereum multisig or Metamask wallet to store ETH.

Are ZOY tokens transferable?

Crowdsale tokens are transferable. Tokens may be used to pay publishers, suppliers or for other services. Tokens may also be used by the company for promotions.

Is KYC mandatory to claim tokens?

Yes, The Know Your Customer or Know Your Client (KYC) guidelines in financial services requires that professionals make an effort to verify the identity, suitability, and risks involved with maintaining a business relationship. The procedures fit within the broader scope of Anti-Money Laundering (AML) policy. KYC processes are also used by companies of all sizes for the purpose of ensuring their proposed customers, agents, consultants, or distributors are anti-bribery compliant, and are actually who they claim to be.