ZoidPay AMA - Eduard Oneci: The ZPAY Dashboard goes live this week!
Last Friday, we hosted an AMA session with ZoidPay CEO Eduard Oneci, during which he addressed the community’s questions, spanning a wide array of topics. In case you missed it, here’s a summary of what unfolded during the ask me anything session.
Q: Why was Zoidverse postponed?
Eduard: Zoidverse was postponed because we wanted to use all of our resources for ZoidCore and SuperApp. Another reason is accelerating the cross-chain capabilities for $ZPAY.
Multiple bridges integrated into one dashboard require a lot of development resources, not only from the security perspective. And also from the business perspective, taking into account the loss that Facebook suffered with the development didn’t make sense to push and use financial resources here.
Q: Can you provide more details about the 25% circulating supply token buyback, when will this be implemented? Will this be a fixed schedule, over what timeframe and what will be done with the “locked” $ZPAY? Thanks!
Eduard: We’ve got an upcoming detailed article that will be shared with the community. You will have all the necessary information regarding the Buyback program. At the same time, we will not post any exact dates for when we will buy tokens from the market in order to avoid speculation, but the timeframe is by the end of this year.
The locked tokens will serve as rewards or grants for developers using ZoidCore, helping them publish their products in the SuperApp marketplace. You will also find detailed use cases in the article explaining also the flow of the tokens and how SPOs have an instrumental job in the distribution.
Q: Can you provide us the Hash for the burn you did with the 12M $ZPAY?
Eduard: That’s why we are creating the ZPAY dashboard, or at least one of the reasons. We understand that whether it’s a bear or a bull market, transparency and visibility into token transactions and movements are essential.
The burned tokens are in 2 separate addresses that are locked. The ZPAY dashboard that shows everything from total supply, burned tokens, circulating supply, team tokens, company treasury, staking rewards, bonus rewards, buyback program, whales and more will be released next week (probably during the weekend tbh) and will be presented to you guys via Zoom.
I’ll be there with you showcasing all of the features to bring transparency and once and for all end the FUD. See you live next week via Zoom!
Eduard: Let me add something here, these are the addresses: erd1a9gy5824k3x6q5834ux3ptjzsx2hj978swd6jrhmtugu3emh5elsl3euq8
erd1ec2aeyxwg8yh3hdv83zssg2s2e2uxzccu2965u2epmpcwsazwhmquhu39c
Get ready for the live dashboard!
Q: There will be 5 listings happening this quarter 3 right? Tier 2 listing from q2 and then tier 1, dex uniswap, tier 3 and the last one is another tier 2 cex? This is based on your roadmap.
Eduard: We will have multiple listings this quarter, our BD department is having weekly discussions on the final details and the right timing.
Q: Can you guarantee us that no delays will happen starting now and everything from q2 will also be accomplished in q3?
Eduard: I can state that every member of the team is working & doing their job and none of us like the recent delays. I touched on this topic in the last 2 AMAs as well, some delays are not up to us but to other third parties. We will always place security in the first place.
Q: The date and location of the MultiversX x-day have been announced. @edisohn , Are you going, or is someone representing $zpay?
Eduard: How can we miss it? Imagine the ZoidPay Super App and xPortal, both in the same building.
Q: Great to see Mihai active here so this question is for both of you. At the beginning of the year I reported the chance that the 2022 rewards were not accurate ( at least for my pool). As at that moment the MVX query tool was not working it seems that there was quite a difficulty to check but now should be ok. Can we have a look and a reply? Luckily I already queried the amounts received ( claimed end of 2022) and had the details sent over to Mihai a while back. Not an easy fix I imagine but might need looking into.
Eduard: Let’s have a chat with Mihai on this in the following days lots have changed since then and our internal tools will definitely bring more clarity.
Q: Marketing is a central component to every project, so that everyone knows the potential a project can bring is vital to setting goals. What is your strategy to attract new users and investors to your platform and keep them long-term?
Eduard: This question was addressed in the last AMAs as well, we have multiple and different strategies for different projects and communities we want to engage with. Luckily we have both B2C and B2B which allows us to have more versatility. Imagine this when entering a new ecosystem: Super App — Instant Liquidity — a bank in your pocket answering to all of your financial needs while being the custodian of your own funds.
ZoidCore — the key to onboarding developers to any blockchain allowing it to scale while at the same time being interoperable and cross-chain. Everything will become more clear once we launch our growth campaign. Bear with us!
Q: From what sources of funds does the team make the buy-back program ?
Eduard: The source of funds for the buy-back program comes from the company’s overall income. Each quarter, we’re going to allocate a percentage of our revenue to buy-back tokens from the market. We start with 100M this year but we’ll continue and use part of the revenue to reward performance, bring scalability and create standards for WEB3 that will definitely change how things are done.S
Q: A few of us have the idea to throw a lovely food, swimming and chillout party on the Spanish Costa Blanca when ZPay hits ATH again. You and your whole team are invited to join as our honored guests.
Eduard: See you there! Thanks for the invite!
Q: How do you justify all this multi-month drop in price even below the price of acquiring the currency 5–6 years ago.
Eduard: In this long journey, we realized that everything is possible in crypto space. This is not a pleasant view for you or for us and that’s why we started to implement the latest strategies, to help the token price in this market conditions. We strongly believe that if we continue to put in the extra work and deliver everything that we set out, it will be reflected in the price as well. Also, bringing transparency at a whole different level than other projects will showcase our dedication and devotion towards you and the vision we have going forward.
Q: How does the ZoidPay project contribute to crypto adoption?
Eduard: One main strategy is to onboard as many people as possible with the SuperApp.As you can read on our article, the SuperApp includes both WEB2 & WEB3 features, the scope being onboarding as many people as possible from Web 2.0 to Web 3.0. You can read more here: https://blog.zoidpay.com/an-introduction-to-the-upcoming-zoidpay-super-app-the-one-app-to-take-care-of-all-your-web-3-needs-8eaf52c1ae05
Q: What are the top innovations ZoidPay brings to the crypto ecosystem?
Eduard: To name a few of our products, first I would mention the SuperApp, a product meant to be used by masses and ZoidCore, our B2B product that will help to onboard Web 2.0 developers into Web3.0. Like I said above, they’re packed with features to drive growth.
Q: During this time many projects got hacked. How has ZoidPay built security about the project to protect users ?
Eduard: As I mentioned above, our first concern is the security of our products.Every product is tested by a special team before the release, ensuring the highest level of security.
Q: Compared to other ESDT tokens, there are massive amounts of zpay tokens on the 3 CEX where listed. I assume a lot of tokens are there for liquidity, but do we need so much on the exchanges? Any reason for this? For example, utk has about $260k (4 million) worth of tokens on binance, but zoidpay has $950k (47m) worth of zpay on kucoin.
Eduard: As you also said, liquidity is very important.Most of the exchanges have liquidity criterias based on the volume and previous cycles.For sure we all remember the liquidity on xExchange when we hit the ATH last year.
For this reason, in case of an event like this based on previous ones, exchnages want to have the necessary buffer for the demand.
Q: If in the characteristics of the $zpay token, in MultiversX, it says that they cannot be burned, how is it possible that a few million have been burned according to what you have said?
Eduard: As you can see on explorer, we upgraded the SC and ZPAY is now burnable. We also recently partnered with Burnify.
Q: Any update on the acquisition of the bank?
Eduard: It’s a question addressed in the latest AMA, you can see the answer here:https://blog.zoidpay.com/zoidpay-ama-eduard-oneci-the-goal-is-higher-than-just-money-91480b9058f
Q: Could you tell us what was the purpose for the last 3 transaction from owner wallet?
~ 1 mil $ (45.000.000 tokens) transferred into exchanges?
Eduard: The transfers were made with multiple reasons:
- cross-chain bridge tests and integration
- adding more liquidity
- testing defi / tradfi mechanisms with CEXs
Q: The fact that beta testing for the SuperApp starts this week, means that all legal issues are closed and we are ready for launch, or there is more to be done in that way.
Eduard: The SuperApp testing shows that we are navigating the legal issues successfully and we’re getting really close to launch.
Thank you for participating in this AMA session with us!
About ZoidPay: ZoidPay is building the go-to open architecture for enabling the next generation of Web 3 Financial Services. Through its suite of products, B2C and B2B, it is driving the adoption of Web 3 and AI.
The ZoidPay Super App, a fintech powerhouse, lets users manage their banking and crypto needs in a seamless manner.
ZoidCore, a developer toolkit of APIs and SDKs, will let any company transition from Web 2.0 to Web 3.0 easily and effectively.
If you want to learn more about ZoidPay, make sure to follow us on our social channels below. If you’re really curious and want a quick reply from our core team members, head down to our Telegram channel and just ask!
| Website | Facebook | Twitter | Telegram | LinkedIn | Instagram |
