What Are xKZEN Tokens

In light of the upcoming events, here is everything you need to know about the xKZEN tokens that will be sold and distributed to buyer wallets during the IDOs.

Token name: KZEN X Locked

Symbol: xKZEN

Token Address on Solana: G1B6TwvfotwX4eVY7pcP6SDyZRGiTPwnKAL3bexi72WN (*)

Token Address on Ethereum, BSC, and Polygon:
0xAA0E058E84B7e0008fac3e35Ae5954C3Af224bB6

IDO Offerings: Solstarter, InfinityPad, LavaX, Synapse, TrustPad

Blockchains: Solana, BSC, Polygon

Vesting schedule: 10% at TGE, monthly release for 12 months

Benefits: Can be staked before the TGE

To learn more about the benefits of holding and staking xKZEN token, read the dedicated post.

What Is xKZEN?

As you know, Kaizen.Finance is a platform that offers a suite of features and services for token creation and management. One of Kaizen’s stand-out benefits is the ability to trade locked tokens through the use of collateralized tokens.

You can find more in-depth information about collateralized tokens in a dedicated post.

However, collateralized token is more of an umbrella term used to describe the technology. For simplicity’s sake, Kaizen’s tokens that use this technology are referred to as KZEN locked tokens.

KZEN locked tokens distributed to Kaizen IDO participants are called xKZEN.

KZEN locked tokens (xKZEN) reflect the value of your KZEN tokens which you will get later according to the vesting schedule. $xKZEN are separate tokens and therefore they can be staked or traded on kDEX (Kaizen DEX dedicated to trading of locked tokens). If xKZEN change hands, the claim to KZEN tokens is transferred with them.

Instead of holding KZEN tokens back after purchase and only distributing them to you in portions when they unlock, xKZEN tokens are sent to you immediately after sale ensuring you will get your KZEN tokens in due time.

Staking of xKZEN tokens unlocks access to benefits exclusive to xKZEN.

NOTE FOR SOLANA HOLDERS OF xKZEN:

To unlock the true value of just-bought xKZEN tokens, Kaizen.Finance offers its users an opportunity to stake xKZEN tokens.

• Staking with xKZEN allows you to receive awards and produce additional revenue from your stake assets for a certain time.
• Holders and stakers of xKZEN will be rewarded with allocations in partner-projects debuting on the Kaizen platform, as well as the opportunity to purchase their tokens before they go public.

What makes the staking feature of Kaizen stunningly attractive is its accessibility and simplicity in one: the more months you stake, the more token bonus allocations you get. For example, if you stake xKZEN for one month, you get one-month access to allocations of the token’s projects, which they offer during private sale rounds.

Note. To learn more xKZEN staking, read our Guide on How to Stake xKZEN on the Solana Blockchain.

Also, please be aware that on Solana, after you unlock 10% of your KZEN tokens on TGE, the remaining 90% of your $xKZEN will have to be burned and minted again as part of the Kaizen.Finance ecosystem. This technical quirk is specific to the Solana blockchain. For more information check out Solana documents and this Github link.

Don’t worry, you will still be able to check your $xKZEN balance on the Kaizen.Finance website.

(*) Please be cautious with the token contract address on the Solana network:
DO NOT make investments and send funds to the contract address DIRECTLY. Due to the technical specifics of the Solana blockchain, there are no refund options provided. Use the given official address to verify the token contract address on the blockchain only.

To stake your xKZEN locked tokens, go to the Kaizen.Finance Staking webpage and read the Guide to Stake xKZEN on the Solana Blockchain.

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