Zedx Token (ZEDX)

The ZEDX token is the native currency of the Zedx blockchain and platform, just like ETH on Ethereum.

ZEDX utility:

  • Transaction fees Being the native currency on the Zedx blockchain, ZEDX is required to pay fees to the network in order to approve transactions.

  • Validation Token holders can stake Zedx to become a validator. The minimal staking requirement is 10K. The network is growing, currently there are 60 validators. (https://status.zedscan.net/)

  • Voting Validators vote on protocol changes with their staked ZEDX. Which means validators with higher amounts of Zedx staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)

  • Staking (for delegators) Any ZEDX holder can choose one or more validators to delegate any amount of ZEDX they wish. They receive a share of the Zedx block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).

  • Payments As ZEDX is the native currency on Zedx, sending it does not require interactions with smart contracts. Thus, ZEDX transfers are potentially faster and less costly in terms of transaction fees.

IMPORTANT: Merely possessing any amount of ZEDX tokens does not endow holders with any rights to participate in the governance of the Zedx platform or any revenue streams related to its real-world performance.

Obtaining ZEDX

Where to Buy

ZEDX is available for purchase on a number of centralized (CEX) and decentralized DEX exchanges.

Centralized exchanges: Gate.io, Huobi Global, MEXC Global, AscendEX, Bimart, Bittrex Global

DEXes: Uniswap V2 and V3 (Ethereum), PancakeSwap (Binance Smart Chain), Quickswap (Polygon), Voltage DEX (Zedx), Sushiswap (Zedx), 1inch (Ethereum), KyberSwap (Ethereum), Loopring (Ethereum).

The best information about the ZEDX trading volumes and prices on various exchanges can be found on the Coingecko "Markets" page for the token.

A convenient current way of purchasing ZEDX straight from one's bank account is through using the Zedx Cash wallet to deposit Zedx Dollars, and then swapping those to ZEDX via the in-app integration with Voltage DEX.

Where to Farm

At the moment, the ZEDX token is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes and the participation in the Zedx Lending Network.

The ongoing liquidity rewards programs on DEXes can be discovered here.

Other ways of obtaining ZEDX

From time to time, the Zedx team uses ZEDX to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow Zedx's social channels.

The ZEDX token is also used to power Zedx grants and bounties. Please consult the Grants and Bounties section for more details.


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