FAQ - frequently asked questions

Please find below a summary of all frequently asked questions. This summary is based on in the information I collected in the community. The team and me myself and I are not responsible for incorrect information mentioned in the FAQ.

The team is free to copy my FAQ list for publishing on their website.

Last update 19 October 2020

  1. What is ZZZ?
  2. What is NAP?
  3. What is DREAM?
  4. What are the utility’s of ZZZ, NAP and DREAM tokens?
  5. What the total supply of ZZZ, NAP and DREAM tokens?
  6. How do I get the global ZZZ multiplier and how is the global multiplier being calculated?
  7. How much NAP tokens do I need to boost the rewards of my pool and how much boost do I get?
  8. What happens with the NAP tokens that I use for boosting the rewards of my pool?
  9. Where can I stake my tokens?
  10. How can I stake my ZZZ/NAP/DREAM tokens?
  11. How can I get LP tokens?
  12. How can I remove my LP tokens?
  13. Do I have to unstake my tokens before pool expires?
  14. I can’t find my staked tokens anymore after the pool expired, where are they?
  15. Why is there a 3% entree free on pools in Dreamswap?
  16. What do I need to do to be eligible for the airdrops?
  17. When do ZZZ holders get their next airdrop?
  18. When will there be new active pools in Dreamswap?
  19. How is the funding arranged and secured by ZZZ for future developments?
  20. Can the team rug pull ZZZ?
  21. Has the code of ZZZ been audited?
  22. Do I get any rewards If I bring in a new partner pool?
  23. What does WPY and APY mean?
  24. What is on the roadmap of ZZZ?
  25. What happened with tier 1 CEX listing?
  26. What includes the longterm partnership with WhiteBIT?
  27. When will ZZZ be listed on WhiteBIT?
  28. When will the new UI/UX launch?
  29. When do we get governance?
  30. How much is the compensation for people who are stuck in the Snoozer V1 pool?
  31. When do the people who are stuck in the Snoozer V1 pool get their compensation?
  32. When will the dreampool UI bug be fixed?
  33. Who is in the team?
  34. Do we have Github?
  35. What social media channels do we have?
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1. What is ZZZ?

ZZZ is a community-centered DeFi project by the people, for the people. The decisions and actions of ZZZ are made by its members and community to assure equity and fairness for all. ZZZ is a new form of governance system. A think-tank. A place where innovation, entrepreneurship, and technological advancements are the priority, creating a much needed utility focus to the blockchain space.The value of ZZZ is determined by the contribution and innovation of the community as a whole.

2. What is NAP?

Nap is the fuel token that will be used in the ecosysteem which ZZZ governs. It also a spendable multiplier acromultiplier across yield farms in the ZZZ ecosysteem. Providing a self sutainable ecosystem where 50% of spent NAP’s gose to a dev fund and 50% goes into the creation of new pools.

3. What is DREAM?

DREAM is the coin of Dreamswap. An added layer to the ZZZ ecosystem fora n aggressive yield that does not take away from the sustainability of ZZZ and NAP. With further utility to come.

4. What are the utility’s of ZZZ, NAP and DREAM tokens?

ZZZ:

  • Staking

  • Global multiplier

  • Airdrops distributions

  • Liquidity

NAP:

  • Staking

  • Farmable

  • Can only be paired to ZZZ

  • Spendable yield multiplier

  • Liquidity

  • Ecosystem layer

DREAM:

  • Staking

  • Farmable

  • Liquidity

  • Ecosystem layer

  • Further utility’s are being developed

5. What the total supply of ZZZ, NAP and DREAM tokens?

  • The total supply of ZZZ tokens is 20,000 tokens. It’s not possible to mint any additional tokens since keys are burned.

  • The total supply of NAP tokens is 20,000,000 tokens. . It’s not possible to mint any additional tokens since keys are burned.

  • The current total supply of DREAM tokens is almost 50,000,000 tokens. There is currently no maximum supply since the the devs have to calculate first how many DREAM tokens are needed for all future Dream developments (for example gamification). After these culcalutions are done and the additional DREAM tokens are minted the DREAM totaly supply will be capped and keys will be burned.

6. How do I get the global ZZZ multiplier and how is the global multiplier being calculated?

A multiplier effect has been created for holding or staking ZZZ.

It is crucial to note that these are linked to individual ETH addresses. Bonuses do not apply across multiple addresses.

Currently, this multiplier is in effect for the following:

  • Staking ZZZ in pools. This also includes partner pools.

  • ZZZ held in your wallet.

  • Total amount of ZZZ redeemable from your ETH_ZZZ_UNI_LP Liquidity Pool on Uniswap.

As a thank you for contributing to the ETH_ZZZ_UNI_LP Liquidity Pool, the ZZZs in these UNI tokens themselves will count as double (if you have 5 ZZZs in your UNI tokens, it will count as 10). NOTE: Staked ETH_ZZZ_UNI_LP tokens DO NOT count towards your boost level.

Example 1: Provide 5 ZZZ of liquidity to ETH/ZZZ pool and it will count as 10 ZZZ for pool multiplier (30%)

Example 2: Provide 10 ZZZ of liquidity to ETH/ZZZ pool and it will count as 20 ZZZ for pool multiplier (60%)

This will not double your actual ZZZ balance for anyone wondering!

Unclaimed rewards in Dreamswap wont contribute towards the bonus, you need to claim your UNI rewards from Dreamswap for them to count.

The following tiered bonus structure applies:

1 ZZZ = 2%

5 ZZZ = 10%

10 ZZZ = 30%

20 ZZZ = 60%

7. How much NAP tokens do I need to boost the rewards of my pool and how much boost do I get?

In addition to the multiplier for staking ZZZs, you may also spend NAPs to get bonuses on individual pools. Depending on the amount you spend, increases your bonus. This effect works exclusively on the pools you choose.

The calculation of a boost multiplier is a follows:

If you have a 10% boost multiplier your rewards will be multiplied by 1.1.

Step Down Effect

To help increase the ability to gain a bonus that both rewards early adopters (who may have larger balances) and newcomers (who may have small balances), we have implemented a solution that we like to call ‘Step Down’ on the cost of the NAPs bonuses. The cost of the multipliers drop by 10% every 8 hours. This will occur 5 times, and then hold steady.

Costs of new V3 Pools will be updated as soon as possible

 Dreamswap Pools  Amount of NAP’s  Amount of NAP’s  Amount of NAP’s  Amount of NAP’s  Amount of NAP’s  Amount of NAP’s
 Boost Multiplier  At start  After 8 hours  After 16 hours  After 24 hours  After 32 hours  After 40 hours
 10%  1,000  900  810  729  656.1  590.49
 20%  2,000  1,800  1,620  1,458  1,312.2  1,180.98
 30%  5,000  4,500  4,050  3,645  3,280.5  2,952.45
 50%  10,000  9,000  8,100  7,290  6,561  5,904.9
 75%  20,000  18,000  16,200  14,580  13,122  11,809.8
100%  30,000  27,000  24,300  21,870  19,683  17,714.7

  Old Pools  Amount of NAP’s  Amount of NAP’s  Amount of NAP’s  Amount of NAP’s  Amount of NAP’s  Amount of NAP’s
 Boost Multiplier  At start  After 8 hours  After 16 hours  After 24 hours  After 32 hours  After 40 hours
 10%  10,000  9,000  8,100  7,290  6,561  5,904.9
 20%  20,000  18,000  16,200  14,580  13,122  11,809.8
 40%  30,000  27,000  24,300  21,870  19,683  17,714.7

8. What happens with the NAP tokens that I use for boosting the rewards of my pool?

We decided to go with a self sustaining ecosystem where the multipliers spent (NAP) will be distributed back into the ecosystem at a ratio of 50% to fund rewards for future Pools, and 50% towards the Dev Fund to fund future initiatives, project needs, and community proposals that will be voted on through our upcoming, decentralized governance system. For completeness sake, you will lose all NAP tokens that you spend for boosting your rewards of a pool. So once the pool expires the boost ends and you lost all the NAP tokens that you spent on that pool.

This ensures the long term health and viability of the ZZZ ecosystem, thus allowing us to enrich the governance model where we are able to afford the swift execution and implementation of the proposals voted on by our community Holders.

Most importantly, everyone may decide for themselves if they wish to apply the NAP multiplier and, by doing so, not only get better rewards, but also make the project grow by fostering development and more pools.

The idea of a self-sustaining, growing ecosystem model without inflation puts us in a very unique position, and sets the ZZZ and NAP protocols apart from other major yield farming projects out there in the DeFi space in both stability and sustainability.

9. Where can I stake my tokens?

You can stake your ZZZ and NAP tokens at:

https://pool.zzz.finance

You can stake dream at:

https://pool.dreamswap.io/

10. How can I stake my ZZZ/NAP/DREAM tokens?

If you are new to staking please find a ZZZ staking guide in the link below:

https://www.youtube.com/watch?v=3UDs_hxow7A

11. How can I get LP tokens?

There is a link in every pool which leads you to the page where you can get LP tokens by adding liquidity.

Before you add liquidity you be must be aware of the risk of impermanent loss. If you don’t know what impermanent loss is we advise you to find out what impermanent loss is and what the risks are of LP tokens.

12. How can I remove my LP tokens?

Go to uniswap (https://app.uniswap.org/#/pool) and remove liquidity from your pool. If the pool of your LP tokens doesn’t show up automatically you have to import the pool manaully. If that’s the case then you have to click on import pools and manually add both of your LP lokens. After you have done that you go this pool and remove liquidity.

13. Do I have to unstake my tokens before pool expires?

No, you don’t have to remove your tokens before the pool expires. The staked tokens and the rewards will remain in the pool after it expires.

14. I can’t find my staked tokens anymore after the pool expired, where are they?

Shortly after a pool expires the pool is moved to the retired section. So please go to the retired section and unstake your tokens by clicking on the button ‘exit claim & remove stake’.

15. Why is there a 3% entree free on pools in Dreamswap?

There is an entry fee on pools in Dreamswap of 3% of Liquidity pool stakes to benefit the entire ZZZ community.

The purpose is designed to create not just a self-sustaining eco-system, yet a prospering one that develops further past yield farming into other areas to bring for viability to the project, and value to the community. Utility, expansion, and a push to new areas through innovation is how we will succeed together. More to come on this soon. We promise. For today, we focus on DREAMing.

  • 1/3rd of the fee goes to the Dev Fund: Matters relating to bounties for bringing on more developers to reach community goals quicker, governance, more pool production concepts, updates for ZZZ and DREAM relating to use-case, utility, and functions. We want to continue to take crypto to the next level. That’s what this part of the fund is all about.

  • 1/3rd of the fee is for the buyback of tokens across the ZZZ ecosystem (ZZZ/NAP/DREAM all fair game). This means that the Liquidity Pool UNI tokens acquired from the entry fee will be professionally, and reasonably, reallocated to going to buy back either ZZZ, NAP, DREAM, or any combination, and then airdropped to community members holding zzz randomly every 3–8 days.

  • 1/3rd of the fee is for the buyback of ZZZ/NAP/DREAM tokens (any combination similar to mentioned above). These buybacks will be used to maintain and grow the ZZZ ecosystem to continue to become self-sustained. Too many projects focused on yield farming simply are unsustainable. ZZZ is here to stay. Here to grow. And here to win. So 1/3rd is going towards making more pools for you to enjoy and benefit from. However, the ZZZ community volunteers strongly believe it is imperative to right any wrong if possible and feasible. So before any of these funds are used for new pools, these buybacks from this part will go towards making those in the Snoozer v1 pool whole as per discussed in this medium article .

16. What do I need to do to be eligible for the airdrops?

All you have to do is hold/stake atleast 1 ZZZ tokens in combination relating to 1 ETH address. You do not need to unstake from the ZZZ pools to receive these airdrops. A snapshot will take place at a random interval of time. And it will read ZZZ in ETH address, ZZZ in UNIs, ZZZ staked (stakes all relate to the ZZZ ecosystem specifically).

17. When do ZZZ holders get their next airdrop?

Every 3-8 days all community members holding ZZZ will receive their airdrop. Randomization will help prevent people frontrunning airdrops. The goal is to reward all of the amazing ZZZ community members out there for all of their fantastic support. The randomness is both in terms of timeframe and amounts to assure fairness.

Since there are no active pools in Dreamswap there won’t come an airdrop anytime soon.

Last airdrop was on 19 September 2020.

18. When will there be new active pools in Dreamswap?

There are currently no active pools in Dreamswap. Before we launch any new pools in Dreamswap the devs have to calculate first how many DREAM tokens are needed for all future dream developments (for example gamification). The expectation is that this calculation will be finished during November.

19. How is the funding arranged and secured by ZZZ for future developments?

Many project fall apart because they don’t think ahead. Therefore we have decided to hedge around 20% (= 2 million NAP’s) of the dev fund. The amount that we hedged is approximately 7 million dollars. This we way we secured our funding so that we even can survive during a very long bear market.

20. Can the team rug pull ZZZ?

No, because all admin keys were burned. You can find proof of the burned keys in the link below:

Furthermore, there were no OTC, dev or early VC wallets so the team had to buy ZZZ tokens from their own money. Therefore the team only holds a small percentage tokens like everyone else in the community.

21. Has the code of ZZZ been audited?

All ZZZ contracts have been audited by Certik. More information about the audit process can be find in the link below:

The audit report can be downloaded in the link below:

22. Do I get any rewards If I bring in a new partner pool?

Since ZZZ is a community runned by and for the people we like to reward everyone who helps contributing to ZZZ. Therefore you will be rewarded with 1,000 NAP’s if the partner pool you bring in is approved and launch.

You can contact the following community members at Telegram regarding new partner pools:

  • Positive_Money_ZZZ

  • dl555

  • Hamza_alshaami

23. What does WPY and APY mean?

WPY: Weekly percentage yield

APY: Annual percentage yield

24. What is on the roadmap of ZZZ?

Currently in testing:

  • Compensation contracts

  • Governance contracts

  • Governance UI/UX integrations

  • New pool mechanics

  • ZZZ Android app (possible IOS)

Currently in development (ETA unknown)

  • Inception V1 (won’t be before finished before atleast end of November). The contract can be found here: https://github.com/ZZZ-Finance/NAPS/blob/dream/contracts_6/InceptionV1.sol

  • DREAM in-game spendable mechanics

  • DREAM in-game burn to craft mechanics (potentially)

  • Gamification (see Inception V1)

  • Possible NFT concepts

  • Partner / refferal / ambassador program

  • Further Dreamswap / DREAM utility

  • Calculcation of DREAM cap so we can run final pools before gamification (ETA of this calculation is during November)

On the horizon (ready pending collaboration of other developmentsWhiteBIT listing

  • UI/UX launch

  • Governance launch

  • New NAP spendable costs

  • New pools

  • New partner pools

  • Marketing campaign for all above

ETA for all developedments on the horizon is next week and/or the week after (week 43 and week 44).

25. What happened with tier 1 CEX listing?

The tier 1 listing is currently postponed, not cancelled (!), due to legalities. It can take several weeks or more than a month to fix these legalities. Therefore we, the community, decided that the funds raised for the tier 1 listing will be used for a listing and a longterm partnership with WhiteBIT.

26. What includes the longterm partnership with WhiteBIT ?

  • WhiteBIT representatives will make sure to offer all their current and future ERC-20 projects the oppertunity for ZZZ to build partner pools with NAP or ZZZ inputs + spendable boosts on all thew new project pools they bring in. WhiteBIT will get 5% of NAP spendables from only the partners / developments they bring.

  • WhiteBIT will offer support and development staff to ZZZ if needed for our development. THis you can imagine would be a huge business behind ZZZ, with sufficient number of in-house specialists.

  • After the listing, WhiteBIT ambassor will join our team and offer the following: advisory, support, assist and collaborate in project development etc.

  • WhiteBIT will offer personal exchange assistant for 24/7 support for ZZZ community.

27. When will ZZZ be listed on WhiteBIT?

ZZZ will be listed on WhiteBIT by 21 October 2020 at the latest.

We have chosen that it will be best to start with the ETH/ZZZ pair first to gain liquidity. After this we will start a BTC Market with the pairs USDT/ZZZ and BTC/ZZz. In such way we will reduce the liquidity budget in future.

28. When will the new UI/UX launch?

The new UI/UX is already finished, but we are waiting till governance is finished before we launch the new UI/UX. If governance isn’t finished on 21 October 2020 the new UI/UX will be launched on 21 October 2020.

29. When do we get governance?

Governance is currently in final stage of testing. Governance should be finished and launched next week (week 43).

30. How much is the compensation for people who are stuck in the Snoozer V1 pool?

You can find your compensation in the link below:

https://snoozer-compensations.netlify.app

You can find more information about how your compensation is calculated in the link below:

https://medium.com/zzzfinance/zzz-community-update-snoozer-resolution-757ec374d9d7

31. When do the people who are stuck in the Snoozer V1 pool get their compensation?

The compensation comes from new pools that we release. 3% of all NAP yields from these pool will be put into a compensation fund so that we can help the community mitigate losses and gain trust back on the ecosystem.

Once a pools ends and everyone unstaked their tokens the compensation can start. The current problem is that not everyone is unstaking their tokens from retired pools. The devs are currently busy with a workaround for the problem that not everyone is unstaking their tokens from retired pools. To make this workaround the devs need to make very complex calculations since they have to calculate how much claimable rewards everyone has. Therefore, please all unstake your tokens from retired pools so that we can stark with the compensations.

The contract and mechanics for how the compensation works can be find in the link below:

https://github.com/ZZZ-Finance/compensations

32. When will the dreampool UI bug be fixed?

This bug has main priority after launch of new UI and governance. Expected ETA for fixing this bug is end of October. Please note that all funds are safe.

33. Who is in the team? (all telegrams names)

Project Management:

Hamza_alshaami

Co-Management:

  • dl555

  • Sam1Gold

  • Positive_Money_ZZZ

Devs:

  • Andrepereirazzz

  • TranquilFlow

  • splnty

  • Poptard

Marketing:

  • greybtc (=head of marketing)

  • Masterfullydone

  • Sleepy

  • prodigy

Listings / Partners:

  • Positive_Money_ZZZ

  • dl555

  • Hamza_alshaami

  • migaraX

  • Sam1Gold

Admins:

  • dcrad

  • LedgeAnDairy

  • DavidNaMu

  • ultramarathon2019

34. Do we have Github?

Yes, we do have Github so every can see and check our code if they would like. You can find our Github in the link below:

35. What social media channels do we have?

Official website:

https://zzz.finance/

Forum:

https://forums.zzz.finance/

Mediums:

Telegram:

t.me/zzzfinance (=main channel)

t.me/zzzprice (=price channel)

t.me/zzzannouncements (=announcement channel)

Twitter:

https://twitter.com/zzzfinance

Discord:

LinkedIn:

https://www.linkedin.com/company/zzzfinance

Youtube:

https://www.youtube.com/channel/UCLsjMc6eAJCGgPsxUYtMdVg

Facebook:

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**When will the new UI/UX launch?