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FAQ

Web3:

Web3 refers to the next generation of the internet, which is designed to empower users like you with greater control and ownership over your digital presence and assets. Unlike the traditional Web2, where centralized entities govern much of the online experience, Web3 leverages blockchain technology to enable decentralized applications (dApps). This decentralized approach ensures transparency, security, and privacy, granting you more autonomy when interacting with digital content, making transactions, and managing your digital assets. In essence, Web3 puts the power back into your hands, allowing you to have a more personalized, secure, and self-sovereign online experience.

Blockchain:

What is a Blockchain?

A blockchain is a revolutionary technology that records and stores information in a secure and transparent way. Instead of being controlled by a single entity, like a bank or a company, a blockchain is decentralized, which means many computers around the world work together to maintain and update the records on a shared digital ledger.

Every piece of information added to the blockchain is stored in a “block,” and each block is connected to the one before and after it, forming a chain of blocks—hence the name “blockchain.”

Blockchains are most famous for their use in cryptocurrencies, but they can also be used for various other purposes, such as keeping track of ownership for digital assets, enabling secure voting systems, and much more. The transparency, immutability, and decentralization of blockchain technology offer numerous benefits and exciting possibilities for the future of the internet and digital interactions.

Smart Tokens:

Smart tokens are digital assets you can own. They are created by brands, communities, or content creators and may give you access to unique benefits, discounts, and experiences. You can safe-keep them in your zbyte wallet and interact with them.

zbyte is an open platform designed specifically for Web3 applications. Developers utilize zbyte to craft decentralized applications, commonly known as “dApps,” while end users can easily explore and engage with these dApps

Our focus on user-friendliness, multi-chain support, and developer empowerment creates a unique offering. While others focus on specific niches, zbyte provides a versatile platform for diverse dApp creation.

zbyte Foundation is the non-profit responsible for overseeing the growth and evolution of the open-source zbyte platform, its community, its $DPLAT token, and the dApp store.

The zbyte Foundation will establish a DAO (Decentralized Autonomous Organization) to operate the zbyte platform in a decentralized manner.

DPLAT is the native token of zbyte’s dPlat, a Web3 platform that simplifies building decentralized applications (dApps) across multiple blockchains. Think of dPlat as the easy-button toolkit for creating powerful dApps without extensive blockchain knowledge.

Sure! From NFT marketplaces and supply chain management solutions, real estate and carbon management tracking, diverse dApps leverage zbyte’s power. Explore our Ecosystem page or community forum for inspiring examples.

  • Low-code, no-code platform: Simplify development and focus on your dApp’s core functionality.
  • Multi-chain support: Reach a wider audience across different blockchains.
  • Monetization opportunities: Earn from gas fees and usage of your dApp.
  • Open-source platform: Contribute to the platform and earn royalties on your additions.
  • Rapid dApp develpoment: The 1.0 SDK streamlines the UI process, letting you seamlessly plug into any interface, focus on your dApp’s core functionality and deliver value faster.
  • Frictionless interaction: From wallet access to smart contract deployment and gas fee management, the SDK handles the technical intricacies, ensuring a smooth and frictionless experience for everyone.

DPLAT fuels the zbyte ecosystem and provides utility, incentivizing various stakeholders and promoting platform growth. This includes:

  • Multichain payments: Use one token across multiple blockchain-enabled applications without worrying about native cryptocurrencies
  • Rewarding developers: Build dApps, earn DPLAT for contributions and usage.
  • Funding development: Service fees on dApps contribute to the treasury, supporting platform improvements.
  • Engaging the community: Stake DPLAT to earn rewards and participate in governance.

DPLAT has a fixed supply, ensuring its value. Here’s how it’s allocated:

  • Community reserve: 56.6% (largest share) reserved for community initiatives and long-term platform growth.
  • Ecosystem partners: 13% allocated to strategic partners supporting the ecosystem.
  • Founding team and advisors: 22.5% vested over an extended period to ensure alignment with long-term goals.
  • Early investors: 2.9% for early supporters who believed in the vision.

token distribution

DPLAT is now available on CoinStore, a reputable cryptocurrency exchange, with accessibility to be broadened via other exchanges in the upcoming months to participate in the zbyte ecosystem.

  • Fixed supply: No additional tokens can be minted, ensuring a robust ecosystem and complete tokenholder trust.
  • Deflationary: Service fees from dApp usage goes to the zbyte treasury, reducing circulating supply over time.
  • Decentralized: DPLAT is distributed across various stakeholders, promoting a community-driven platform.
  • Staking: Earn rewards by staking your DPLAT on dApps you believe in and support their growth.

Staking is a way to earn passive income by locking your tokens in a dApp. This secures the network and helps validate transactions, while you earn rewards for your contribution. The zbyte ecosystem encourages staking, where participants pledge their assets to endorse decentralized applications (dApps) on the dPlat. Rewards are distributed between developers and users, fostering a symbiotic relationship. This encourages developers to create valuable, user-centric dApps. Users actively contribute to the staking process, enhancing the ecosystem’s vibrancy and sharing rewards among active contributors.

Security is our top priority. We employ robust security measures, including regular audits and collaborations with leading security experts, to safeguard the zbyte ecosystem against potential exploits or security threats.

We’ve partnered with security firms for independent audits, with reports publicly available on here: https://github.com/JorgeRodriguezsec/CTDsec/blob/main/Audits/Cybersecurity_Audit_CTDSEC_Zbytetoken_v3.pdf

Protecting your privacy is a fundamental principle of the zbyte platform. When you sign up using a social login (e.g., a Microsoft, Google, or Facebook account), your social identity remains securely stored within zbyte and is never shared with developers, dApps, or any external entities (*).

The only information shared with application developers is your Wallet address, a standard Web3 pseudo-anonymous (**) identifier that does not contain any personal details. Additionally, zbyte ensures that you have full control over what specific information you choose to share with a particular dApp or its developer/brand.

For a comprehensive understanding of our privacy practices, you can review the zbyte Privacy Policy at zbyte.io/privacy-policy. Your trust is essential to us, and we are committed to maintaining the highest standards of privacy and security throughout your experience on the zbyte platform.

(*) zbyte may use standard Web analytics tools such as Google Analytics and Pendo to enhance the platform’s performance and usability. The data collected through these tools is solely accessible to zbyte and the respective tool providers.

(**) Please keep in mind that the Wallet address is not entirely anonymous. As with all public blockchains, any transactions you conduct can be seen by everyone, potentially allowing inference of certain information about you.

We’re committed to continuous improvement. Our roadmap outlines exciting plans for expanding multi-chain support with new L1 protocol integrations, integrating new features like account abstraction standards, gas manager, and DeFi SDK v1.0, and fostering developer adoption through hackathons.

 

zbyte roadmap

The community reserve funds strategic initiatives like ecosystem grants, developer incentives, and platform upgrades, all driven by community feedback and governance mechanisms. Apply for a grant here

Community involvement is essential to our success. There are various ways for community members to contribute, including participating in governance decisions, providing feedback and suggestions, building dApps, or simply spreading awareness about the zbyte ecosystem.

We greatly value your input and are committed to enhancing your experience on the zbyte platform. To provide feedback or seek support, please visit zbyte.io/enduser-support.