You can now earn rewards, deposit and withdraw Solana (SOL) at Zipmex!

July 07, 2022

Deposits and withdrawals of Solana (SOL) have now been enabled. Users can now buy or deposit SOL to earn rewards in the ZipUp+ program.

What happens next? 

  • ZipUp+ subscribed users will be able to earn rewards with SOL on the ZipUp+ program by simply moving SOL to the Z Wallet.
  • Users can now deposit/withdraw SOL on Zipmex!

What is Solana (SOL)?
Solana is an open-source permissionless blockchain using proof-of-history (PoH) that promises one of the fastest transaction efficiencies  – up to 65,000 transactions per second (tps) – for improved scalability (Read more: Link).

This encourages the creation and usage of decentralized apps (dApps) by developers and users respectively, as the costs associated with using the network are reduced significantly compared to slower, less scalable, and more expensive networks like Ethereum.

What is ZipUp+ ?

ZipUp+ is a unique product offered by Zipmex for users to earn rewards daily while providing the flexibility for users to access their tokens at any time. The benefits of ZipUp+ include:

  • Up to 3.5% Bonus Rates on SOL – paid daily into your Z Wallet
  • Easy & Flexible – No lock periods, trade, deposit or withdraw your crypto anytime
  • No Minimum Requirements or Hidden Fees

Learn more about ZipUp+ here.

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.

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RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES

The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of Zipmex.

Before you pay Zipmex any money or DPT, you must be aware of the following.

  1. Zipmex is not currently licensed by MAS to provide DPT services. This means that you will not be able to recover all the money or DPTs you paid to Zipmex if Zipmex’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Zipmex.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that Zipmex may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
  5. DPT held in your Hosted Wallet is not subject to the Singapore Deposit Insurance Scheme (“SDIC”) or any similar insurance or guaranty scheme of any other jurisdiction. In addition, funds stored in your Fiat Wallet do not benefit from the SDIC or any similar insurance or guaranty scheme of any other jurisdiction.

ZipUp+ products have not been approved by the Monetary Authority of Singapore (“MAS”) under the Payment Services Act 2019 and MAS has not reviewed or approved any features of these product offerings. Please review this link for the full terms and conditions and risk disclosure.

ZipUp+ products are not defined as “deposits” under Section 4B of the Banking Act and hence there is no insurance by the Singapore Deposit Insurance Corporation Limited in the event if Zipmex Pte. Ltd. fails.