ZLaunch’s APY is equal to APR.

APY stands for annual percentage yield and typically takes into account compound interest. APY can also be referred to as EAR, or effective annual rate.

APR stands for annual percentage rate and does not take into account compound interest.

As ZLaunch rewards you with new digital tokens for a period of typically 30 days on an hourly basis, there is no compounding interest when you lock ZMT for rewards, hence ZLaunch’s APY = APR.

Example:

ZLaunch Project’s Token Price	USD $0.001 assumed for this example
Total Token Rewards	30 million tokens
Earning Period	30 days
Total Hourly Token Rewards	Total Token Rewards ➗ Earning Period ➗ 24 hours = 30 million tokens ➗ 30 days ➗ 24 hours = ~41,666.66666666 Tokens
USD value of Total Hourly Tokens Rewards	Total Hourly Token Rewards * Token price = 41,666.66666666 * $0.001 = USD $41.666
USD value of Total ZMT locked	USD Value of ZMT * Total ZMT Locked This varies on the USD value of ZMT and Total ZMT Locked. Assume for this example the value of Total ZMT locked is USD $4,000,000.

APR and APY formula

APR	APR= (USD Value of Hourly Token Rewards ➗USD Value of Total ZMT locked ) X 24 X 365 = $41.666 / $4,000,000 X 24 X 365 = 0.09124854 = ~9.12%
APY equals APR	APY = (1 + R/n)^n – 1 where R = interest rate which is APR =9.12% where n = compounding period (which is once per year as each project occurs once) =1 APY = (1+(9.12%/1))^1 – 1 = 9.12% Therefore in this example, APY = 9.12%.

Zipmex publishes reports and provides the link to the whitepaper on each project featured on ZLaunch. If you have further questions about ZLaunch, please contact our support team.

When you lock ZMT in ZipLock, the lock period is fixed and your rewards are in ZMT.

When you lock ZMT in ZLaunch, the lock period is flexible and you will receive rewards in the form of tokens from the ZLaunch project you participated in.

No, all your ZMT locked  amount in ZLaunch will not be counted under ZipUp or ZipLock and therefore not eligible for accruing VIP tier benefits.

Zlaunch Detailed Reward Calculation – How are token rewards calculated?

Every ZLaunch project will have a “Total Token Rewards” amount. All eligible user’s ZMT locked amount in ZLaunch will be recorded every hour for the ZLaunch project. User’s token rewards are calculated and automatically distributed every hour to users to their Z Wallets.

The total amount of rewards given out every hour to all users who locked ZMT in ZLaunch is the Total Hourly Token Rewards. The Total Hourly Token Rewards is calculated by the Total Token Rewards for the ZLaunch project divided by the earning period, typically 30 days, and divided by 24 hours in a day. Calculation formula is as follows:

Users will get rewards based on the ratio of their ZMT locked over the Total ZMT locked multiplied by the Total Hourly Token Rewards. Calculation formula is as follows:

Project token rewards are truncated to 8 decimals. If the project token is smaller than 0.00000001, the project token rewards will be truncated to 0.00000000 (8 decimals).

An Example of Rewards Calculations

Assume a project with Total Token Rewards of 30 million tokens for 30 days of earning.

Total Token Rewards = 30 million tokens
Earning Period = 30 days

Total Hourly Token Rewards  = Total Token Rewards ➗ Earning Period ➗ 24 hours
Total Hourly Toward Rewards = 30,000,000 ➗ 30 days ➗ 24 hours =  ~41,666.66666666 Project Tokens

Assume the current Total ZMT Locked of the project = 2,000,000 ZMT and user has locked 20,000 ZMTUser’s Token Rewards  = (User’s ZMT locked ➗ Total ZMT Locked) X Total Hourly Token Rewards

User’s Token Rewards =  (20,000 ➗ 2,000,000) X 41,666.66666666 = ~416.66666666 tokens for the hour locked

Tokens you earn cannot be traded until the project has been listed on Zipmex exchange, which typically be shortly and within one month after the earning phase has been completed on ZLaunch. Once trading is live, you will be able to trade any token you received.

User’s ZMT locked in ZLaunch will be recorded every hour. User token rewards are then calculated and automatically distributed to your Z Wallet. Note that while token rewards are distributed on an hourly basis, there will be processing time. Read more about how rewards are calculated here.

There is no fixed term of lock period. You can unlock ZMT any time from the project pool during the earning phase of the project.

The minimum you must lock for each time is at least 0.00000001 ZMT (8 decimal place). Additionally for every project , there may be two limits that will be prompted to you when you participate in a ZLaunch project.

Refer to What is Project Maximum Lock Limit and User Maximum Lock Limit here.

1. Make sure that you have signed up to a Zipmex account and passed KYC, click here to see how. Also make sure that you have the desired amount of ZMT in your Z Wallet. To see how to transfer ZMT from your Trade Wallet to your Z Wallet, click here.
2. Proceed to ZLaunch here or navigate to ZLaunch under the “Earn” section.

3. Once on the ZLaunch main page, you will see the project pool(s) available. You can begin locking ZMT to earn your selected project’s token rewards.

4. You will also be able to see the estimated APY (Annual Percentage Yield), Total Project Rewards, and the Earning Period for each project pool.

You can opt to lock ZMT in any available project pool by clicking “Lock to Earn” and entering the amount of ZMT you wish to lock. Please note that each project pool will have a “Project Maximum Lock Limit” and a “User Maximum Lock Limit”. Definitions for each can be found here.

After successfully locking ZMT, you will be able to see your Locked Amount, Total Earnings, and Estimated Rewards Per Hour for that period.

You can check your ZLaunch earnings and project pool participation history under the “Earnings” and “History” tabs.

You will need to have a KYC-ed Zipmex account. If you don’t have one yet, sign-up here now. You will also need ZMT in your ZWallet. Once a project’s earning phase has started, you can lock your ZMT to start receiving rewards.

Project Maximum Lock Limit is the maximum amount of ZMT that can be locked in a ZLaunch project’s pool by all participating users. In other words, the total amount of ZMT locked by all users in a ZLaunch project pool cannot be more than the Project Maximum Lock Limit.

User Maximum Lock Limit is the maximum amount of ZMT that a single user can lock for a ZLaunch project’s pool.

Users cannot lock any more ZMT than the limits allow.

Example:

Project Maximum Lock Limit: 2,000,000 ZMT

User Maximum Lock Limit: 8,000 ZMT

Scenario 1 (Current Total ZMT Locked reaches the Limit): Current Total ZMT Locked : 2,000,000 ZMT

User	Locked Amount to ZLaunch Project	Available to Lock by User	Explanation
Alice	8000 ZMT	0 ZMT	Project Maximum Lock limit reached and User Maximum limit reached
Bob	1000 ZMT	0 ZMT	Project Maximum Lock limit reached

Scenario 2 (Current Total ZMT Locked has not reached the Limit): Current Total ZMT Locked : 1,900,000 ZMT

Users can continue to lock ZMT to fulfil the remaining 100,000 ZMT (i.e. 2,000,000 ZMT Project Maximum Lock Limit minus Current Total ZMT Locked of 1,900,000 ZMT) available to be locked for the project.

User	Locked Amount to ZLaunch Project	Available to Lock by User	Explanation
Alice	8000 ZMT	0 ZMT	User Maximum Limit reached
Bob	1000 ZMT	7000 ZMT	User Maximum limit of 8000 ZMT – 1000 ZMT = additional 7000 ZMT that Bob can lock

1. Proceed to the ZLaunch “In Progress” tab.

2. You can opt to unlock ZMT from any project pool that you have ZMT locked in by clicking “Unlock ZMT” and entering the amount of ZMT you wish to unlock.

3. Once you click “Unlock ZMT”, your ZMT will then be transferred back to your Z Wallet.

4. Under the “History” tab, you can also check your lock and unlock history to confirm that you have successfully unlocked your ZMT.

Once ZMT is purchased, the token will be stored in your Trade Wallet. Follow the steps below to transfer ZMT from your Trade Wallet to Z Wallet.

1. Go to your Wallets.
2. Click ‘Transfer’ – the ‘Transfer Between Wallets’ will prompt up on your screen.
3. Select ZMT
4. Input the amount of ZMT to be transferred from Trade to Z Wallet.
5. Click ‘Confirm Transfer’ to complete the transfer.
   Once completed, ZMT will be visible on your Z Wallet. You are now ready to explore ZLaunch!

For a step by step tutorial, you can watch the video here (currently available in Thai).

1. Sign up to a Zipmex account here and complete the verification process (KYC) or sign in with an existing account here.

1.1 Verify your email address and complete the Know Your Customer (KYC) process.
Please refer to basic requirements for registration here, information on how long it takes to complete KYC here, and why KYC is important here.

1.2 Once you have passed KYC, you can login here.

The Earning Phase
A project’s earning phase is the period when you can lock ZMT to earn receive rewards, which will typically be 30 days. During the earning phase, your project token rewards will be automatically distributed and transferred to your Z Wallet. You may transfer your token rewards to your Trade Wallet, but you will not be able to trade, deposit, or withdraw such tokens.

After the Earning Phase

After the earning phase, your ZMT locked in a ZLaunch project’s pool during the earning phase will automatically be unlocked and returned into your Z Wallet.

Trading of the new tokens will be enabled shortly and is expected to be within one month after the earning phase has been completed on ZLaunch and the project token has been listed on Zimpex exchange. You may then start trading your project tokens by transferring them from your Z Wallet to your Trade Wallet. Token deposits and withdrawals will also be enabled once trading is enabled

No, you will not be able to use your locked ZMT that is part of ZipLock to participate in ZLaunch.