Proof Of Zaza

Proof Of Zaza July 2, 2024

Proof Of Zaza

This is a self-assessment, meaning, it is information that the issuer has written themselves. The XRP Ledger Foundation does not recommend or endorse any individual token. Read more.

Basic information

Project name: Proof Of Zaza
Currency: POZ (POZ)
Issuing account: rpvbUsHkJ91rGTa9gShUQU6jzLrFBgsVe3
Distribution accounts: rpvbUsHkJ91rGTa9gShUQU6jzLrFBgsVe3

This is revision number 1, signed July 2, 2024 by rpvbUsHkJ91rGTa9gShUQU6jzLrFBgsVe3

Description: Proof of Zaza (POZ) is an innovative blockchain project that rewards creativity and community engagement in the cannabis culture. Our unique token, available on both the XRP Ledger and Solana networks, incentivizes users to share authentic pictures of their "zaza" (high-quality cannabis) with a handwritten "Proof of #Zaza" note. This approach not only creates a fun and engaging community but also leverages advanced blockchain technologies to ensure security and efficiency.

Every two weeks, we select five winners who each receive 420 POZ tokens as a reward for their submissions. To encourage long-term engagement and prevent market flooding, winners must hold their tokens for 42.0 days before selling. This holding period helps stabilize the token's value and fosters a sense of investment in the community. With a total supply of 420 million tokens, POZ aims to build vibrant communities on both the XRP Ledger and Solana platforms.

The POZ token serves multiple purposes within our ecosystem. It's not just a reward; it's a gateway to exclusive content, community events, and future partnerships within the cannabis industry. As we grow, we envision POZ becoming a standard for authenticity and quality in the digital cannabis space, potentially expanding into NFTs, virtual experiences, and real-world applications. Join us in blazing a new trail in the intersection of blockchain technology and cannabis culture!


Unique selling points: What makes this token unique, compared to the broader landscape of tokens?

Niche Focus: POZ specifically targets the cannabis culture, creating a dedicated community around "zaza" (high-quality cannabis). This niche appeal sets it apart from general-purpose cryptocurrencies.

Dual Blockchain

Implementation: POZ is available on both the XRP Ledger and Solana networks, offering users flexibility and potential cross-chain benefits. This is relatively uncommon in the cryptocurrency space.

Creative Engagement Mechanism: The project encourages user participation through a unique photo-sharing contest, fostering community engagement beyond simple transactions.

Themed Tokenomics: With a total supply of 420 million tokens and rewards of 420 tokens per winner, POZ aligns its tokenomics with cannabis culture symbolism

Holding Incentive: The 42.0-day holding period for winners creates a built-in mechanism to encourage longer-term engagement and potentially stabilize token value.

Authenticity Verification: The requirement for a handwritten "Proof of #Zaza" note in submitted images adds a layer of authenticity that's uncommon in most token projects.

Community-Driven Content: By incentivizing user-generated content, POZ creates a more engaged and interactive community compared to many other cryptocurrencies.

Dual-Purpose Utility: POZ serves both as a reward token and a potential medium of exchange within its niche community, giving it multiple use cases.

These unique features combine to position POZ as more than just another cryptocurrency. It's a tool for community building, creative expression, and engagement within a specific subculture, which differentiates it in the crowded cryptocurrency market.


Purpose: What is the reason for issuing a new token, rather than using an existing? What purpose does this token serve, that is not possible with the native XRP token or other already existing tokens?

The Proof of Zaza (POZ) project aims to create a unique, community-driven ecosystem centered around cannabis culture. While existing cryptocurrencies like XRP offer general transaction capabilities, POZ serves a specialized purpose that goes beyond simple value transfer. By issuing its own token, POZ can implement features tailored to its community, such as the photo-sharing contests with themed rewards (420 tokens) and holding periods (42.0 days).
POZ is designed to foster engagement, authenticity, and a sense of belonging within the cannabis enthusiast community.
POZ aims to create value and engagement in ways that general-purpose cryptocurrencies cannot.


Whitepaper/sales material: https://proofofzaza.com/

The whitepaper includes concepts of how and when are the tokens created, total supply and if applicable the distribution models and total amount of allocation.


Risk reminder: The issuer has disclosed a warning or a reminder of the risks associated with crypto/tokens.


Bug bounty program: This is not applicable for this token.

Sovereign Entity

The self-assessment is made by a soverign entity (i.e. not a legal entity, such as a general partnership, limited partnership, private limited company, public limited company, corporation, commercial association or other).

Website: https://proofofzaza.com/

Website information: The website should disclose the following information:
  • Contact information: e-mail and other contact information
  • Core team members
  • Whitepaper if available

The website contains relevant information.


Legal requirements: Legal requirements may vary per country and project. It is the responsibility of the legal entity to ensure legal compliance.

The issuer has assessed whether and what legal requirements apply to the project (licenses, jurisdictions, anti-money laundering regulations etc).

Self-assessment revisions
RevisionDate
Revision 1July 2, 2024