ZOLA Token
Zola is an innovative token that is designed to provide hassle-free automated staking rewards to holders without any third-party involvement. Unlike other cryptocurrencies that require users to manually stake their tokens in order to earn rewards, Zola allows users to earn rewards in the same token automatically and without any additional action required. This makes it easy for anyone to hold and earn rewards with the token, regardless of their technical expertise.
Token Launch
Zola token will be launching soon partnering with the Zola Ecosystem. The Zola ecosystem is a rapidly growing network of platforms and services in the Gaming, Travelling & Blockchain space. It includes a mini-game publishing website, a budget traveling deal website, a blockchain news website, a design studio and a decentralized voting system. The ecosystem is gradually adding new platforms and services, and it will be interesting to see how it continues to shape the online landscape in the future.
Main Features of the ZOLA token
Automated Staking: Zola token offers automatic staking, and compounding, claims a higher sustainable fixed APY in the market of up to 300% for the first six months, and provides diminishing returns for over twenty years until maximum supply is reached.
Auto Burn: 1% of all Zola transactions are routed to an inaccessible dead wallet. The more that is traded, the more will be transferred into the dead wallet. Since 50% of the total Zola supply will be transferred to the dead wallet initially, it will grow in size through self-fulfilling auto-compounding, reducing the circulating supply and keeping the Zola token stable.
Auto Liquidity Pool: There is a 1% tax fee that automatically gets stored in the contract itself on each buy or sell order, and at the end of the accumulation period it will be added to the liquidity pool allowing Zola token holders to easily buy & sell tokens at any time.
The treasury: 2% of all trading fees are stored in the Zola Treasury and it will be used to fund new Zola products, services, and projects that will expand, add value to the Zola community and as well as marketing and development.
Recovery Fund: 3% of all trading fees are stored in the Zola Recovery Fund, providing stability during market downturns and serving as a recovery mechanism, as outlined in the whitepaper.
How secure the ZOLA
The Zola token underwent a full smart contract audit by the reputable audit firm the FreshCoins. The audit report available on the Zola website and provides detailed information about the findings of the audit and the steps taken to address any identified issues.
Contract ownership has been time locked through OpenZeppelin Defender
Staking is automated and there is no staking ownership
The owner cannot mint new tokens manually
The owner cannot pause trading
The owner cannot set any max transaction limit
The owner cannot blacklist any wallet address
The owner cannot claim the contract’s balance of Zola token
The owner cannot set any max wallet limit
The owner cannot increase taxes forever
Liquidity lockup time is over 20 years
Visit the link (https://whitepaper.zolacoin.com/) to dive into our informative whitepaper to uncover detailed information about how the token works.
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media ContactCompany Name: Zola EcosystemContact Person: Travis McCainEmail: Send EmailCountry: United StatesWebsite: https://zolacoin.com
