What are the key differentiating concepts of the ZVT token?
ZVT is a utility token based on ERC-20 smart contract technology, designed to foster a vibrant Web 3.0 community among diverse individuals. It achieves this by promoting REAL DAO, a Web 3.0 community that evolves organically without influence from any specific central authority.
Leveraging the concept of the Zombie Virus Token and NFT issuance, ZVT encourages community expansion. Users can engage in a fun and advanced NFT participation system, creating an enjoyable Web 3.0 communication experience!
What does REAL DAO(REAL Decentralized Autonomous Organization) mean?
DAO stands for decentralized autonomous organization, which operates in an autonomous and decentralized manner, in contrast to traditional centralized entities.
The most significant aspect of ZVT is REAL DAO, aiming to establish a practical and meaningful DAO that isn't arbitrary or controlled by a minority group.
To achieve this, ZVT has implemented several experimental approaches during its project launch:
-ZERO CAP: ZVT started as a practically zero-cap project with an initial funding of only around $800. This allowed everyone to observe and participate in the growth journey from ground zero.
-NONE VC: ZVT didn't involve any specific individuals or venture capitalist firms (VCs) in advance. All participants can join the project under open conditions and have a voice within it. This aligns with the ZERO CAP policy and prevents unfair individual participation due to overwhelming involvement of VCs and inflated marketing. These safety measures prevent drastic price declines in the crypto market, ensuring the avoidance of meaningless DAOs.
-Guild System: The NFT Guild System fosters a community collective that synergizes with the DAO, enabling discussions on DAO operations in various communication spaces.
-Progressive Decentralization Policy: The ZVT roadmap gradually transitions the project's management and ownership from a specific operating entity to DAO.
What does the ZVT roadmap look like?
Free M-POINT Mining Event - VIRUS WORLD Website Launch - VIRUS WORLD NFT (Collection 1 NFT) Launch - Guild System Implication - Implement Auto Boost - 1st Phase Tokenomics Adjustments - Issue Collection 2 NFT / End Minting of Collection 1 NFT - Open DAO - Open VIRUS WORLD Storyboard - Establish REAL DAO
-M-POINT Free Mining Event: A free mining event held through a smartphone application which rewards users to accumulate experience points (XP) prior to the release of the VRWD NFTs.
It is a series of NFTs where humans become infected by the ZVT virus, leading to a gradual transformation of their appearance as they evolve.
VIRUS WORLD NFTs can be acquired using ZVT through the VIRUS WORLD website. Users can increase their experience points and level up by using experience items, participating in community activities, and joining guilds.
To obtain the initial NFT, a referral code from someone is required, and the provider of the code receives an experience point bonus. This process encourages newcomers to join the Virus World NFT community and fosters active community participation.
As users level up, their appearance becomes more menacing, and they also mine more ZVT accordingly.
In the VIRUS WORLD ecosystem, NFT holders can participate in guilds. Creating and running a guild using ZVT is open to all. By joining a guild, members receive extra mining power for their NFTs based on the guild's level, and as the guild grows, leaders gain increased mining power. Guilds provide diverse individuals with opportunities to communicate in various spaces and engage in discussions regarding future DAO operations.
Auto Boost introduces an automatic experience point accumulation system. Once the Auto Boost item is applied, ZVT mined from NFTs is automatically converted into experience points. This feature grants an additional experience point boost beyond what can be obtained through regular ZVT usage. Users can customize the percentage of automatically accumulated experience points and the percentage of additional experience points based on their preferred Auto Boost mode settings.
In contrast to Collection 1 NFT, Collection 2 NFT will be issued on the Ethereum Layer 2 network. This enables smooth onboarding for new participants into the ZVT ecosystem, offering lower transaction fees and prices. Collection 2 NFT shares the existing ZVT tokenomics. However, Collection 1 NFT possesses a certain percentage of higher mining power in each segment, which positively influences its overall value.
The ZVT ecosystem features a unique DAO system specifically tailored to its community. Through this DAO, community members can collectively influence the project's direction and policies, with additional support from the Guild System.
This system is designed to elevate the brand value of the VIRUS WORLD NFT community. The universe's storyboard unfolds through open serialization, and the story progresses through DAO, with authors being rewarded for their contributions.
What to expect after Step 1?
Upon completing STEP 1, the focus will shift towards community expansion and achieving progressive decentralization through REAL DAO. The primary objective is to attract a substantial number of ZVT holders and elevate VIRUS WORLD NFTs to become top-ranking NFTs on the Ethereum chain, resulting in significant growth in the project's brand value as the community expands.
Moving on to STEP 2, additional proposals for the roadmap's direction will be suggested by the existing project team. However, these proposals will be subject to approval or rejection by DAO and guilds. The ultimate goal is to complete progressive decentralization through DAO as the project sufficiently expands. The current project team will transition to an individual participant and enthusiastic supporter at this stage.
Why is the project conducted anonymously?
The project adheres to several essential principles in building a genuine Web 3.0 community:
Avoiding Excessive Influence: Anonymity of the initial project implementers ensures that no specific individual exerts excessive influence over the project and DAO. All participants can impact the community based on their ZVT participation under equal conditions. This anonymity holds significant value in achieving complete decentralization in the future.
Establishing a True DAO: To foster a true DAO, participants are recruited solely through the project's structure and DAO system. Relying on a team's crypto industry credentials or exaggerated advertising would hinder the establishment of a robust community. It is most desirable for participants to join the community voluntarily based on their understanding and experience with ZVT and the Virus World structure.
Minimizing External Risks: Ensuring the project's anonymity and progressive decentralization system helps prevent potential attacks stemming from external relationships. The crypto industry's uncertainties already pose risks, and additional risks tied to specific individuals' activities and relationships can be even more substantial. By adopting an anonymous approach, the project minimizes these risks associated with external factors.
Virus World Detailed Numeric Table
Additionally to this distribution model, 90% of the used ZVT will be burned, while 5% will be allocated to the team. Also, 5% will be distributed as rewards for DAO and guild proposals.