RZ Token (RZ)

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

RZ utility:

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

• Validation Token holders can stake RZ to become a validator. The minimal staking requirement is 30k. The network is growing, currently there are 60 validators. (https://status.rz.game/)

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

• Staking (for delegators) Any RZ holder can choose one or more validators to delegate any amount of RZ they wish. They receive a share of the RZ 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 RZ is the native currency on RZ, sending it does not require interactions with smart contracts. Thus, RZ transfers are potentially faster and less costly in terms of transaction fees.

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

Obtaining RZ

Where to Buy

RZ 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 (RZ), Sushiswap (RZ), 1inch (Ethereum), KyberSwap (Ethereum), Loopring (Ethereum).

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

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

Where to Farm

At the moment, the RZ 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 RZ Lending Network.

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

Other ways of obtaining RZ

From time to time, the RZ team uses RZ 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 RZ's social channels.

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

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