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ZM

ZMTokenized stock
Tokenized Stocks
₺4,580.83$93.22
-0.08% 24h

ZM is a tokenized stock: a token issued by a third party, not the share itself. Tokens also trade while the stock market is closed, so the price can drift from the official close. Market cap is not calculated.

What is ZM (ZM)?

ZM is the platform token of ZoomSwap, a decentralized exchange on Viction (formerly TomoChain). From the application side, users can swap tokens directly from their wallets and supply liquidity without an intermediary. The network's own coin is used for transaction fees, while ZM plays a separate role inside the exchange.

What does ZM do?

ZM is the reward unit for liquidity providers. When users deposit token pairs into liquidity pools, they receive LP tokens that represent their share. These LP tokens can be staked in reward programs to earn ZM on top of the trading fees collected by the pool.

ZM also gives holders a voice in protocol decisions. Votes can cover parameters such as which pools receive more incentives. This shifts control toward the community instead of a single team.

How ZoomSwap handles swaps and liquidity

Instead of matching individual buyers and sellers, ZoomSwap uses an automated market maker model. Each pool holds two assets, and the current price is derived from the ratio of those assets in the pool. A trade shifts this ratio and moves the price accordingly.

Liquidity providers supply both sides of a pair to keep trades possible. In return, they earn a cut of the fees generated when traders use that pool. The protocol encourages deeper liquidity by directing ZM emissions to selected pools, which users can influence through governance.

Because ZM emissions are written into the protocol's software, the reward schedule does not depend on a central operator. This makes ZM's role specific to the ZoomSwap application rather than a general-purpose network asset, and ties its value to the health of the exchange's liquidity.