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Forex Zone Token (FZT)

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The FZT weekly contest has been changed so that only FZT holders of 1000 or more will be considered. This greatly increases the odds for all serious holders.

Another benefit for FZT holders will be coming soon.
#286 - July 07, 2023, 11:54:46 AM
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A new FZT staking pool has been launched. Details have been included in the first post.

Staking pool advantages:

  • Controlled by smart contract
  • Payouts come every block (4 minutes)
  • There is a higher daily payout (5000+ Signa) compared to holding FZT directly.

Staking pool disadvantages:

  • FZT held in a staking pool is not eligible for posting rewards here on the forum.
  • FZT held in a staking pool is not considered for the weekly FZT contest.
  • If you do not want many transactions in your wallet then the staking pool isn't good for you.
#287 - July 09, 2023, 12:39:23 PM
« Last Edit: July 09, 2023, 12:41:21 PM by Admin »

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There seems to be two FZT staking pools to choose from.  Are they both legit?  Which one was set up by Forex.zone?

#288 - July 10, 2023, 08:09:10 PM
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I am very curious as to why the price of FZT has gone up so much.  Presumably it has to do with the new staking pool.  But I need to learn much more to understand the justification for a price of 3.5 Signa.
#289 - July 10, 2023, 08:31:07 PM

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A new FZT staking pool has been launched. Details have been included in the first post.

Staking pool advantages:

  • Controlled by smart contract
  • Payouts come every block (4 minutes)
  • There is a higher daily payout (5000+ Signa) compared to holding FZT directly.

Staking pool disadvantages:

  • FZT held in a staking pool is not eligible for posting rewards here on the forum.
  • FZT held in a staking pool is not considered for the weekly FZT contest.
  • If you do not want many transactions in your wallet then the staking pool isn't good for you.
Great idea!!!
#290 - July 10, 2023, 09:21:49 PM

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I am very curious as to why the price of FZT has gone up so much.  Presumably it has to do with the new staking pool.  But I need to learn much more to understand the justification for a price of 3.5 Signa.
The new staking pool pays out a total of 5000+ Signa per day. The daily payout before was only 1000 Signa per day. This is a 5x increase in payout. The average price for FZT was around 1.5 Signa per FZT for the months prior to the new staking pool. So based off this information, a fair price for FZT would be 1.5 multiplied by 5 which is 7.5 Signa each.

Also, recently the weekly contest has been improved. A lot of dormant wallets and very low FZT holders were hurting people's chances of winning. Now, all serious holders have a much greater chance of winning. For example, before there were about 312 holders total. Now, there are about 50 or so eligible holders who can win the contest. This is a dramatic increase in a winning chance. It is now entirely possible for a wallet to win multiple times a year.

Based on the above, it could be argued that FZT is still undervalued near the 3-3.50 Signa range which it has been trading at recently. It would not surprise me to see somewhere up near 7 Signa later.
#291 - July 10, 2023, 09:46:02 PM

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There seems to be two FZT staking pools to choose from.  Are they both legit?  Which one was set up by Forex.zone?
You can see the creator of the smart contract in the explorer. The other FZT staking pool was created by Maxi_art (S-PDWC-QJJS-VSD7-FGRVF). It's a legit staking pool, but other than just being run by smart contract, it doesn't have real value since holding FZT directly will get you the same result.

The staking pool created by Forex Zone can be found from the link in the first post. It's has some benefits compared to Maxi-art's. It pays out every block and you do not need a big amount of FZT to participate.
#292 - July 10, 2023, 09:54:23 PM

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S-QYQ7-ZYYC-62GF-ALSDB
#293 - August 07, 2023, 07:35:28 AM

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S-QYQ7-ZYYC-62GF-ALSDB
If you are looking for the faucet, this is the wrong topic. However, I sent the faucet anyway. Please check.
#294 - August 07, 2023, 12:25:39 PM

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After the successful launch of the FZT pool, someone created a token "STFZT" two weeks ago, which can be perceived as the stFZT pool token. The fake token is being sold on DEX for 3 signa per piece. Judging by the records, there are people who bought 3 coins and sold back at 1 and 2 coins apiece.
https://explorer.signum.network/asset/8812890988815713956
#295 - September 15, 2023, 07:46:02 PM

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After the successful launch of the FZT pool, someone created a token "STFZT" two weeks ago, which can be perceived as the stFZT pool token. The fake token is being sold on DEX for 3 signa per piece.
Hopefully, not too many people will be fooled into buying this. They will quickly see that it doesn't receive any benefits like the official FZT provides. Thank you for bringing this to everyone's attention.
#296 - September 15, 2023, 08:35:09 PM

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I want to ask, maybe a signum expert can answer, in a few hours signum coins rose by more than 300%.  Are there any big investors coming in?  What is the fundamental trigger for all this?  and causes fluctuating movements.  I ask for your opinion, is this the right time to sell or is this the right moment to keep buying and hold the signum?  I'm afraid this movement is a fake price that will cause panic selling.  Thank You.  (currently stable at more than 100% of yesterday's price).

and for FZT too is this the right moment to buy a lot and collect FZT?
#297 - November 24, 2023, 10:42:03 AM

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I want to ask, maybe a signum expert can answer, in a few hours signum coins rose by more than 300%.  Are there any big investors coming in?  What is the fundamental trigger for all this?  and causes fluctuating movements.  I ask for your opinion, is this the right time to sell or is this the right moment to keep buying and hold the signum?  I'm afraid this movement is a fake price that will cause panic selling.  Thank You.  (currently stable at more than 100% of yesterday's price).

and for FZT too is this the right moment to buy a lot and collect FZT?

The coin did not rise in price, but returned to its previous level.

#298 - November 25, 2023, 11:16:44 AM

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I want to ask, maybe a signum expert can answer, in a few hours signum coins rose by more than 300%.  Are there any big investors coming in?  What is the fundamental trigger for all this?
Sometimes prices can move like this due to low liquidity. With Signa, trading volume is low compared to many other tokens. Whenever I check, 24 hour trading volume is usually around $2000-$5000. Even on good days, it may be $20000-$50000, which is still 10x below many other tokens. So because of low volume, it is easier for a small amount of activity to move the price.
#299 - November 25, 2023, 02:25:44 PM

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A special Christmas bonus has been issued to all FZT holders. Merry Christmas to everyone!
#300 - December 25, 2023, 02:31:31 PM

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