Forex Zone | Forex Forum

Forex Zone Token (FZT)

Discussion started on Coins & Tokens

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 3284
  • Points: 34347
  • Likes Received: 2984
  • Reputation: +168/-13
Forex Zone Token (FZT) in Coins & Tokens_clip
FZT Token

  • FZT stands for 'Forex Zone Token'. It is a tokenized representation of Forex Zone forum points.
  • 1 forum point is equivalent to 1 FZT.
  • Token ID = 13240027460799312630
  • Powered by the Signum blockchain


Benefits

  • Daily Signa coin payouts to FZT holders (1000 FZT minimum required)
  • More flexibility than points residing on the forum
  • FZT on the blockchain may be more safer
  • More benefits may be added later


Why FZT?

  • Members can transfer forum points to their own personal Signa address in the form of FZT. These FZT tokens will then reside on the Signum blockchain instead of on the forum. The FZT can then be saved, transferred, or sold as the holder desires.
  • Storing forum points in a Signa address may be considered to be more safer since the Signum blockchain is decentralized and secure. For example, someone may want to take their points off the forum because of fear of hacking, DDOS attacks, or something else. So this member would rather have their points in the form of FZT in their own wallet which reduces the risk.
  • FZT can be freely traded on a DEX with the opportunity to make profit (eg. buying low and selling high).
  • FZT increases the popularity of the forum.
  • FZT gives people an incentive to be more active on the forum.
  • Custom tokens such as FZT give more value to the Signum blockchain.


How To Get FZT

  • Earn forum points FREE and convert them to FZT
  • Participate in Forex Zone promotions
  • Trade for them on BTDEX, HotWallet, or BRS
  • Get FZT transferred to you from someone else


Questions/Answers

Question) Why should I trust you?

Answer) The Forex Zone forum has been operating for years. You can also view thousands of payments from the Forex Zone on the Signum blockchain ( S-CU6T-TX64-9DG7-22U27 & S-XR5F-LY22-TZBG-8HUJ8 ),  which is publicly available information. Proof of payments from many members is also available on the forum. However, trust isn't even being asked for because using FZT is OPTIONAL. Also, forum points are given away FREE. No purchase or investment is necessary.


Question) Do I need a forum account to participate?

Answer) No, you do not need a forum account. You can get FZT on the open market or from someone you know. The daily payout is also sent to all holders automatically regardless of forum account status.


Question) How can I trade FZT?

Answer) FZT can be traded free and fast on BTDEX (recommended), HotWallet, and BRS wallet. No registration or KYC is necessary.


Question) What is the difference between BTDEX, HotWallet, and BRS?

Answer) BTDEX is fast and easy to start with. It is a multi-purpose platform that can even be used for mining. HotWallet is similar to BTDEX in that it is lite and easy to start with. It is a little less complex than BTDEX though. With either one, the whole process can be done in a few steps and only takes minutes. BRS takes more time to setup and is the full node software for the Signum blockchain. It will download the entire blockchain to your device. This isn't necessary unless you want to run a full node.


Question) How can I get FZT to show up in my wallet?

Answer) This can be done in only a few steps. These steps usually only need done one time.

BTDEX: If this is your first time trading FZT on BTDEX, you will need to add FZT to your list. Select the 'Swaps' tab. Then click on the 'Market' box. This will expand a dropdown box. Then select 'Add'. Copy/paste the FZT ID which is 13240027460799312630 into the window that appears and select 'OK'. See attachment below.

HotWallet: If you already own FZT, it should automatically appear in your holdings list. If you do not already own FZT and have not already added FZT to your list, you will need to do this. Click on the 'Holdings' tab. Then click on the '+' button. Then copy/paste the FZT ID which is 13240027460799312630 into the box in the middle where it says 'Asset ID' and click the 'add' button. See attachment below.

BRS: On the left side of the screen, select the 'Asset Exchange' tab. If you currently own FZT, it will be displayed in your list on the left side of the screen. You can then proceed with trading at the exchange. If you do not currently own FZT and it's not in your list, you will need to add it. To do this, go to the upper right side of the screen and click on the 'Add Asset' button. Then copy/paste the FZT ID which is 13240027460799312630 into the window that pops up and then click the 'Add Asset' button.


Question) Where can I see more information about FZT?

Answer) The most up-to-date information will be posted here in the 1st post on this forum. You can also view some basic information like current prices and trade history from within BTDEX, HotWallet, or BRS wallet. You can view more details on one of the Signum explorers. Here is the link to the recommended Signum explorer.


Question) Are the daily payouts done every day - even on the weekends and holidays?

Answer) Yes, but in the rare event a daily payout is not sent for some unforeseen reason, it will be done as soon as possible.


Question) What is the daily payout amount?

Answer) The daily payout is currently 1000 Signa coins total, which is then split proportionally among FTZ holders.


Question) How is my daily Signa payout calculated?

Answer) The Signa payouts are proportional to the amount of FZT held by someone. So it's a simple formula like this: (# FZT held by you / total circulating supply) * daily payout amount.

Example: You hold 10000 FZT and the total circulating supply is 1000000. So this means you hold 1%. Therefore, you would receive 1% of the payout which is 10 Signa.

Note: The tokens held by Forex Zone are not included in the formula. The circulating supply from other FZT holders is used.


Question) What is the difference between total supply and circulating supply?

Answer) The total supply is 7 million and this is the total number of FZT that will ever exist. Circulating supply is the number of FZT that have been released and which are held by individual holders. Circulating supply is the number that is used for daily payout calculations. The FZT held by Forex Zone are not used in calculating payouts since those FZT are not considered to be circulating. Please note, if Forex Zone ever buys back FZT from the market, these are also not considered as circulating anymore.


Question) What time every day will the Signa be sent out for all FZT holders?

Answer) There is no set time every day, but just know it will happen once per day.


Question) Can FZT be re-imported back into the forum in the form of points?

Answer) No


Question) How do I convert my forum points to FZT?

Answer) This is currently a manual process performed by Forex Zone Administration. Please send a PM to Admin or send an email to 'admin@forex.zone' to do this. Include your Signa wallet address and the amount of FZT you want.


Question) How long does it take to receive my FZT?

Answer) Since it is a manual process, all requests will be processed as soon as possible. It may take minutes or it might take hours. It depends on certain factors such as current workload and time of day your request is received. Please be patient. If you would like the tokens faster, you can get them on the open market.


Question) Will the Forex Zone trade FZT?

Answer) Yes, because this will increase liquidity. Without liquidity, someone might want to buy FZT but there are no sellers or someone might want to sell FZT but there are no buyers.


Question) Will the Forex Zone just dump all it's FZT?

Answer) No, because it might break the whole system if all available FZT were all to be sold. Since FZT is the same as forum points, there needs to be enough FZT available to cover any future forum points generated by members. If ever there is a time when there are no available FZT that can be issued, then the only way to get them would be to buy them back. So it makes no sense to just dump all FZT on the market. This is a long-term project that is meant to be sustainable.


Question) Are there any risks involved?

Answer) There is risk with many things in life. Every time we eat food, there is risk there will be harmful bacteria, viruses, or toxins in the food. FZT may be obtained FREE. And participation is OPTIONAL. There are external factors such as new regulations, changes to the Signum blockchain, and so on that may cause risk to FZT. No guarantees or promises are being made.


Question) Will the price of FZT increase or decrease over time?

Answer) There are many factors that may affect the price which are outside the control of Forex Zone. For example, trading activity on the decentralized exchange. Holders are free to do as they want with FZT. No trading or investment advice will be given. You must review all the details and come to your own conclusion.


Related Links:



Terms:

  • FZT are a tokenized representation of Forex Zone Points. Therefore, the terms of the Forex Zone Points System should be read and followed.
  • FZT may be paused or suspended due to legal or regulatory issues.
  • Participation is OPTIONAL and done according to your own will.
  • FZT may be received FREE. No investment or purchase is necessary.
  • FZT are not being offered in exchange for ownership in the Forex Zone forum, it's parent company, or any of it's affiliates.
  • FZT are not being offered in exchange for debt.
  • No guarantees or warranties of any kind are being offered.
  • You are responsible for the accounting and recording of your own FZT, if any, that you receive for tax purposes. We will not send out tax forms or get involved with your taxes unless it becomes legally mandatory to do so.
  • Under no circumstances will we be held liable for any damages or losses you incur by participating.
  • The terms and conditions related to FZT may change at any time. You are responsible for checking back here for updated terms or conditions, if any. It's best to have email notifications enabled so you stay informed.
  • If you do not agree with all the terms, do not participate.




Linkback: https://www.forex.zone/coins-and-tokens/20/forex-zone-token-fzt/3319/
#1 - June 02, 2021, 12:01:22 AM
Attachments:
« Last Edit: July 02, 2021, 02:44:19 PM by Admin »

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 1157
  • Points: 113
  • Likes Received: 157
  • Reputation: +67/-0
Forex Zone Token (FZT) in Coins & Tokens_xx
I'm interested in this, is it like we are investing? by holding so many FZT coins we will get passive income 10 coin burst? means that having FZT coins can we say we are mining coin burst?
Is FTZ a coin like Burst, XRP, BTC and others. And will the daily contest program payments now be transferred to this FZT or can you still use a coin burst?
#2 - June 02, 2021, 12:09:28 AM
« Last Edit: June 02, 2021, 02:30:07 AM by MrPips »

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 2615
  • Points: 51
  • Likes Received: 26
  • Reputation: +0/-0
Forex Zone Token (FZT) in Coins & Tokens_xx
Can I buy these tokens? or this token can only be obtained by exchanging points from this forum only?

If you can buy how much is the price for every 1 FTZ?
#3 - June 02, 2021, 12:26:19 AM

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 3284
  • Points: 34347
  • Likes Received: 2984
  • Reputation: +168/-13
Forex Zone Token (FZT) in Coins & Tokens_xx
I'm interested in this, is it like we are investing?
You may view it this way if you choose.


by holding so many FZT coins we will get passive income 10 coin burst? means that having FZT coins can we say we are mining coin burst?
You might get more than 10 Burst or less than 10 Burst. That was only an example of the formula. The 1000 daily Burst coins will be split proportionally among FZT holders.


Is FTZ a coin like Burst, XRP, BTC and others.
FZT is a custom token powered by the Burst blockchain. If you are familiar with TRT in BTDEX, it is like this.


And will the daily contest program payments now be transferred to this FZT or can you still use a coin burst?
No, the daily contest is separate and will not be changed right now. So the daily contest still pays in Burst coins.



#4 - June 02, 2021, 12:43:13 AM

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 3284
  • Points: 34347
  • Likes Received: 2984
  • Reputation: +168/-13
Forex Zone Token (FZT) in Coins & Tokens_xx
Can I buy these tokens? or this token can only be obtained by exchanging points from this forum only?

If you can buy how much is the price for every 1 FTZ?
You can do both. This token is brand new and just launched. So not many orders exist. You can check the current price from the explorer link in the 1st post or from within BTDEX or BRS.
#5 - June 02, 2021, 12:44:33 AM

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 870
  • Points: 183
  • Likes Received: 23
  • Reputation: +5/-0
Forex Zone Token (FZT) in Coins & Tokens_xx
I have some coin burst in my phoenix wallet, can it be exchanged for FZT tokens? how many tokens will I get if for example I have 5000 coin burst
#6 - June 02, 2021, 12:52:17 AM

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 3284
  • Points: 34347
  • Likes Received: 2984
  • Reputation: +168/-13
Forex Zone Token (FZT) in Coins & Tokens_xx
I have some coin burst in my phoenix wallet, can it be exchanged for FZT tokens? how many tokens will I get if for example I have 5000 coin burst
Yes, please see the links above in the 1st post. You can see current prices on the Burst explorer and from within BTDEX or BRS.
#7 - June 02, 2021, 12:59:43 AM

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 3284
  • Points: 34347
  • Likes Received: 2984
  • Reputation: +168/-13
Forex Zone Token (FZT) in Coins & Tokens_xx
As a special starting bonus to get this kicked off, TRT holders will be getting a free airdrop tomorrow June 02.

Forum members can start converting forum points to FZT also.
#8 - June 02, 2021, 01:01:27 AM

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 1098
  • Points: 655
  • Likes Received: 27
  • Reputation: +2/-0
Forex Zone Token (FZT) in Coins & Tokens_xx
wait a minute, I'm starting to little by little understand the meaning of this, some questions I want to ask,

1. is this the same as we buy stocks forexzone (FZT)? and we will get dividends in the form of burst coins every day

2. Is passive income from the distribution of FZT holders only the result of the distribution of the 1000 daily burst? or could it be more?

3. Will FZT also be exchanged for trading money? or is it something different again, I mean to buy money trading balances that are not in the forexzone list such as spectre LMFX, FXchoice etc.
#9 - June 02, 2021, 01:54:34 AM
« Last Edit: June 02, 2021, 01:57:55 AM by Torroco »

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 3284
  • Points: 34347
  • Likes Received: 2984
  • Reputation: +168/-13
Forex Zone Token (FZT) in Coins & Tokens_xx
1. is this the same as we buy stocks forexzone (FZT)?
I would not use the term 'stocks'. FZT is a token and not a stock.




2. Is passive income from the distribution of FZT holders only the result of the distribution of the 1000 daily burst? or could it be more?
Yes, it comes from the total of 1000 distributed every day.

The 1000 amount is the current amount. It may change later. Although there are no plans to change it soon. The 1st post will always contain the current details.



3. Will FZT also be exchanged for trading money?
If you want trading money, convert points directly to trading money. If you convert points to FZT, they leave the forum and go to your wallet and cannot be used later for trading money.

#10 - June 02, 2021, 02:08:53 AM

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 1098
  • Points: 655
  • Likes Received: 27
  • Reputation: +2/-0
Forex Zone Token (FZT) in Coins & Tokens_xx
2) ok i understand sir. So it can be assumed that those who hold the most FZT will probably get a higher daily burst percentage, sir?

3) I agree, sir, so that it doesn't lean towards coins, so members can choose forex trading or crypto trading. this is a great first step for forexzone. and new to the world of forum systems like this. Congratulations sir, you have successfully changed the face of a useful paid forum.

#11 - June 02, 2021, 02:22:14 AM

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 3284
  • Points: 34347
  • Likes Received: 2984
  • Reputation: +168/-13
Forex Zone Token (FZT) in Coins & Tokens_xx
2) ok i understand sir. So it can be assumed that those who hold the most FZT will probably get a higher daily burst percentage, sir?
Yes, because of the mathematical formula.



3) Congratulations sir, you have successfully changed the face of a useful paid forum.
Thank you


#12 - June 02, 2021, 10:51:40 AM

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 870
  • Points: 183
  • Likes Received: 23
  • Reputation: +5/-0
Forex Zone Token (FZT) in Coins & Tokens_xx
Yes, please see the links above in the 1st post. You can see current prices on the Burst explorer and from within BTDEX or BRS.
This means that the BTDEX software is very important for this FZT token




If by only holding FZT tokens we get 1% profit from the total existing tokens, does that mean "our money" is actually being invested? and every investment has its risks, so what about the risks?

#13 - June 02, 2021, 10:57:25 AM

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 3284
  • Points: 34347
  • Likes Received: 2984
  • Reputation: +168/-13
Forex Zone Token (FZT) in Coins & Tokens_xx
If by only holding FZT tokens we get 1% profit from the total existing tokens
Keep in mind the 1% is just an example. It could be more or less than this. It depends on the FZT you hold and the circulating FZT.


does that mean "our money" is actually being invested? and every investment has its risks, so what about the risks?
You can view it as an investment only if you choose to. FZT can be received 100% free.

There are risks with almost anything in life. Every time we get in a car to drive somewhere, there is a risk. Please see the terms at the bottom of the 1st post.
#14 - June 02, 2021, 11:07:03 AM

  • Forex Zone Token (FZT) in Coins & Tokens_index
  • Posts: 870
  • Points: 183
  • Likes Received: 23
  • Reputation: +5/-0
Forex Zone Token (FZT) in Coins & Tokens_xx
Keep in mind the 1% is just an example. It could be more or less than this. It depends on the FZT you hold and the circulating FZT.

You can view it as an investment only if you choose to. FZT can be received 100% free.

There are risks with almost anything in life. Every time we get in a car to drive somewhere, there is a risk. Please see the terms at the bottom of the 1st post.
Yes, that's what I mean, for example, if we participate in forex copying, the risk is that if the master account experiences a margin call, we as followers will also get a margin call, in this case, for example, if we buy FTZ tokens in large quantities because we hope for profits every day. that, what are the risks? will our token value decrease or what?
#15 - June 02, 2021, 11:15:15 AM

Members:

0 Members and 2 Guests are viewing this topic.


* Share Topic

Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter

* Similar Topics

clip
Luck Token in Luckygames.io sponsor by forex.zone

Started by SamuraiFx on Coins & Tokens

39 Replies
1048 Views
Last post September 03, 2020, 08:11:24 AM
by PrimaFx
clip
Link To Forex Zone

Started by Admin on Support Forex Zone

2 Replies
923 Views
Last post August 20, 2021, 02:47:06 AM
by Admin
thumbup
Forex Zone Promotions

Started by Admin on Promotions

0 Replies
14941 Views
Last post January 29, 2020, 09:52:04 PM
by Admin
thumbup
Forex Zone Points System

Started by Admin on Promotions

220 Replies
11572 Views
Last post September 17, 2021, 01:04:46 PM
by sohib mawon