Tokenomics

The native digital cryptographically-secured fungible token of the Zomta platform (ticker symbol $ZOMTA) is a transferable representation of attributed governance and utility functions specified in the Zomta platform, and is designed to be used solely as an interoperable utility token on the platform.

When developing $ZOMTA tokenomics, one of our main goals is to avoid the dump effect which often happens with other ICO tokens when they have downtime in their deal flow. This is why we’ve decided to put emphasis on the broad system of incentives to hold and utilize $ZOMTA tokens. As previously mentioned, $ZOMTA stakers may earn $ZOMTA rewards and weekly airdrops coming from our multi-asset staking feature, in exchange for their various beneficial contributions/actions which we call PoM (Proof of Mint). After the successful launch of Zomta project and platform, 1%–3% of its total tokens will be set aside in the reward pool to incentivize continuous interactions. We will use NFT airdrops and limited edition collections as incentive mechanisms to subsidize token rewards.

To further increase the demand for our core token, 20% of our transaction fees will be dedicated to the burning of $ZOMTA. Additional buying pressure will come from the bridge to Anchor protocol, where 5% (5% of whatever yield is provided) of the yield on staked $ZOMTA will be allotted for the purpose of burning $ZOMTA tokens. This will lead to a price rise and stability of our token, which benefits investors long term.

Governance (Please see Zomta.Foundation for more information)

$ZOMTA will allow holders to propose and vote on on-chain governance proposals to determine future features and parameters of the Zomta platform, with voting weight calculated in proportion to the tokens staked (the right to vote is restricted solely to voting on features of the Zomta platform). For example, they may vote on the specific number of tokens required for each gamified tier system, gaming partnerships, or the recipients of charitable distributions.

Liquidity Staking

To provide easy access to $ZOMTA and promote ecosystem growth, users will be incentivized to play the role of liquidity providers and stake their digital assets into various decentralized market making pools to provide the necessary liquidity for transactions. These users would be rewarded with additional $ZOMTA for their contributions. By distributing $ZOMTA in this manner, it ensures that the governance token will be distributed primarily to key network contributors and allow them to have a say in protocol parameters.