Frequently Asked Questions
What kind of project is ZoFi?
This is a project to build a farm and collect limited NFTs to compete for ZO Token rewards in each season. The reward will be worth 1% of the total area of participating camps in a season.
Why do you need to buy ZU Token?
Using ZU Token will provide a stable source of capital and is less susceptible to fluctuations from price drops in the cryptocurrency market. We always keep the price of ZU Token equal to the value of USD.
Can I get ZU Tokens back after building a Farm?
Of course. At any time you can sell the farm and receive ZU Tokens, then exchange ZU Tokens into USD. There are some minor regulations but they don't get in the way if you really need to withdraw your funds immediately.
What is Area?
Area is information about the number of ZU Tokens you have used for your farm. The system is based on farm area to calculate profit for you.
What is quality ?
Quality is the score of the NFT from 15 locations tied to your farm. The system relies on farm quality to calculate profits for you.
How many levels are there in NFT ?
Maximum 10 levels. For some special NFTs there will be a lower level number.
When upgrading NFTs, I noticed some NFTs were burned ?
Each upgrade requires a number of NFTs as materials. This will ensure that when the NFT reaches its highest level, only 1 person owns it. So every time you upgrade your NFT, it needs to burn a certain amount of NFT.
Can I sell or trade NFTs with others ?
Sure you can. We will launch the Marketplace soon so investors can deposit their NFTs there and sell them. Additionally, you can deposit them via Inventory actions without needing the Market.
How to Make Money?
After successfully building a farm, you just need to go to the Earn Money menu then select Register to Earn ZO. On this page you can find how to Register to Earn ZO Tokens.
What is Season?
Season is the time when evaluation activities take place on farms registered to participate in earning ZO. Each season will have 3 activities: Sowing -> Gardening -> Harvesting. Farms can register in any activity; however, when registering in the Gardening activity, they will not be able to receive rewards in the activity. The next Harvest has to wait for the new season to take place.
Why did I receive ZO Token and not ZU Token?
ZO Token is considered an asset type that is subject to fluctuations from general market demand. It has a limited supply and its use in spending will prevent the problem of inflation in the ZOFI project.
Can I swap ZO to other cryptocurrencies ?
In the early stages of the project, you can sell ZO Tokens for ZU Tokens on exchange websites and use ZU Tokens to sell for USD on the ZU market. We will then build a ZOBNB marketplace so investors can exchange ZO for any other crypto product.