Understanding the Utility of the KZEN Token
With the official TGE and listing dates approaching fast, the KZEN token will become accessible to the public. Here is everything you need to know about the utility value of KZEN.
Locked eKZEN and xKZEN Tokens Utility
Prior to hitting the public market, the token has been sold privately. Locked eKZEN and xKZEN tokens had been distributed to buyers each with a corresponding vesting schedule enabling the terms of full unlock after the TGE.
While the unlock is usually a much awaited time for any early investor, Kaizen has introduced the unique utility of its locked eKZEN and xKZEN which may mean locked token holders may even choose not to unlock their tokens.
Staking. Locked eKZEN and xKZEN tokens can be staked for rewards in the same token.
Priority pass. Locked eKZEN and xKZEN tokens can be staked to obtain Kaizen Priority Pass that provides access to additional allocations in IDOs and other offerings coming to the Kaizen platform.
Reduced fees. The holding/staking of locked eKZEN and xKZEN tokens will introduce discounts on commissions associated with the use of platform’s tools and services.
Tier benefits and rewards. Holding/staking of locked eKZEN and xKZEN tokens offers exclusive tier-based rewards, benefits, and opportunities. More in-depth information about the tier system will be available soon.
Unlocked KZEN Tokens Utility
The core utility value of KZEN token comes from them being the only accepted currency for covering the platform’s service fees.
Services fees. Projects seeking to hold an IDO or an offering with the Kaizen platform, as well as to use other platform’s tools, will need to pay service fees in KZEN tokens.
Staking fees. Those projects that want to use the Kaizen platform’s staking services (offer the staking of their token to their community) will be required to stake a corresponding amount of KZEN.
Governance. The holders of KZEN tokens will participate in the voting on whether or not certain projects can or cannot launch with the Kaiяen platform. Holders will also be involved with the platform’s development and the governance of where the platform is headed.
kDEX trading. Each asset available on the kDEX will be trading with KZEN. In other words, you’ll be able to use KZEN to purchase any asset trading on kDEX.
The Kaizen.Finance TGE is scheduled for March, 2022. Follow the official channels to be the first to learn the latest news, updates and announcements.