FAQ

1. Please introduce the PetZ token economic system

PetZ will release 2 types of tokens which are PetZ Gold Token and PetZ Silver Token. Both tokens has different use cases in the PetZ ecosystem. PetZ Gold Token has a maximum supply of 500 million, it is a governance and utility token that provides access to governance mechanisms and will be mainly used in PetZ focus-to-earn ecosystem such as leveling up, minting, and buying or selling PetZ NFTs. PetZ Silver Token has an unlimited supply, it is a reward token like reward points that users can earn by signing up, referring friends, following, and participating in Web 3.0 focus-to-earn.

2. Do you have an NFT integration platform. About these NFTs, do you have any new plans for 2022?

In the future we will integrate PetZ NFTs into the metaverse, it would be a very interesting environment in which PetZ users can interact with each others. PetZ NFT will have five different qualities. When a Pet is minted, the value of each Attribute will be chosen at random within the min. and max. values according to Pet quality. You can earn PGT and PST in the PetZ focus to earn ecosystem by working and taking a break.

3. Can you introduce the RoadMap of PetZ?

Here is an update on our latest roadmap. https://docs.petz.money/roadmap The roadmap is just for reference, we may change it anytime.

4. Can you tell me more about PetZ?

PetZ is a productivity and time management tool to boost work efficiency. Users keep their pet work and earn PGT by completing every task. Users can choose the duration of their short work sessions to optimize the labor division of their intended tasks. Users are also given the option to customize the duration of their short and long breaks as well as the number of working cycles before commencing a long break. The number of PGTs is calculated based on the accumulated amount of time that the users spend on their work.

5. What role does PetZ will play in the Crypto World especially in the Metaverse?

We’re building the future home of PetZ and the first focus to earn in the metaverse. We’re creating utility for $PGT and $PST by building a PetZ ecosystem, community-owned assets as NFTs, and a metaverse where token holders can meet and hang out.

6. Do we know "AUDIT" is important for both trust and security? Have you done any audits of your project?

We will do an external audit from a reputable auditor to make sure our code work fine without any security vulnerability. We also performed an internal audit and automated smart contract security analysis on our smart contract. Our token smart contract is a fork of the popular project which is audited by certik, we fork it and do some customization.

7. The partnership is always an important factor for every project. So who is your partner? And What are the benefits you get from those relationships?

We aim to partner with popular web3 projects to gain more exposure for the PetZ ecosystem.

8. "STAKING" is one of the STRATEGIES to ATTRACT USERS and ACHIEVE MASS ADOPTION. Does your GREAT PROJECT have a plan for Staking?

Yes, we will implement a stake-to-earn and yield farm on our website. The user can earn multiple rewards while staking $PGT and $PGT LP.

9. Can you tell us where can we buy your great project?

You can buy it at pancakeswap exchange. Here is the link 🔗 https://pancakeswap.finance/swap?outputCurrency=

10. Projects that are not traded on major exchanges remain unnoticed. What do you think about listing Project on the leading exchanges?

We have a plan to list our token on other major exchanges such as Binance, Kraken, crypto.com, apeswap, sushiswap and jetswap to expand our token holders.

11. Currently, most projects and platforms are in English. How will PetZ reach non-English local communities? Do you have any plan for them to better understand your project?

We will slowly expand our project to different languages in different countries around the world so it will be adopted globally.

12. Investors seek more attention towards the project when the token had more utility, So what makes users hold your tokens for their benefits, is there any loyalty program for holders?

We will apply more utility usage for our $PGT token such as purchasing virtual items, subscribing to premium membership, stake to earn NFT, stake to earn tokens, and many more.

13. Can you tell us about your team members? are they qualified and professional in their fields? what are the recruiting qualifications for team members for your extraordinary project?

Currently, we are a team of 5 members include 1 developer, 1 designer, 1 marketer, 1 community manager, and me. We involved in blockchain technology since 2017 and have already been working on many projects before we start PetZ.

14. Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiration for approaching this name?

We pick PetZ as the name of our project because PetZ is easier to remember and pronounce. PetZ will be the home of the pet owner who can virtually own any type of pet and make money from it.

15. Can you make a brief introduction about yourself and the PetZ Money?

Hello, my name is YL. I am the founder of PetZ Money. PetZ Money is a blockchain-powered virtual pet with gamefi elements that rewarding users based on productivity. It is a productivity and time management tool to boost work efficiency.

16. What's the motivation for starting this project?

The motivation for us to start this project is to help the community resist all of those self-interruptions and re-train brains to focus by using Pomodoro Technique. Each Pomodoro is dedicated to one task and each break is a chance to reset and bring your attention back to what you should be working on.

17. What are the Main Features that distinguish PetZ Money from its competitors?

Petz money's main feature is Focus to Earn. The first Focus to Earn ecosystem allows you to earn money in $PGT + $PST while you work or take a break.

18. What is the role of token in your ecosystem? Could you tell us a bit about the tokenomics of your project?

PetZ Money will release 2 types of tokens: PetZ Gold Token and PetZ Silver Token. Both tokens has different use cases in the PetZ ecosystem. PetZ Gold Token is a governance and utility token that provides access to governance mechanisms and will be mainly used in PetZ focus-to-earn ecosystem such as leveling up, minting, and buying or selling PetZ NFTs. PetZ Silver Token is a reward token like reward points that users can earn by signing up, referring friends, following, and participating in Web 3.0 focus-to-earn.

19. Can you please provide some progress on your Roadmap and what results PetZ Money has achieved so far? And any sneak peek into 2022 plans for PetZ Money?

We have achieved a total of 100k+ website visits, 4000+ telegram members, and 10k Twitter followers today. We are currently developing the NFT and Focus to Earn dapp for PetZ Money will be released very soon.

20. Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?

The community will be able to earn rewards by holding $PGT. We will always add more utility to our token $PGT such as purchasing virtual items, subscribing to premium membership, stake to earn NFT, stake to earn tokens, and many more. We will buy back and burn $PGT to increase the value of $PGT over time.

21. On your website you don't mention that you have done any internal or external audit of your smart contract, so can you give us details if you have done any audit before? And in case you haven't, would you plan to perform any review of your smart contract in the near future?

We are currently in the progress of performing an external audit from an audit company to make sure our code works fine without any security vulnerabilities. We also performed an internal audit and automated smart contract security analysis on our smart contract. Our smart contract is a fork of the popular project which is audited by Certik, we fork it and do some customization.

22. Success of a project also depends on how large the community is. Do you have plans to spread awareness to both crypto users and non-crypto users in the world? Especially non-English speaking countries that may be restricted from accessing your Project?

Mass adoption of crypto is imminent. We will implement a marketing strategy to spread more awareness of our project in different languages in different countries around the world.

23. Do the token holders have the right to participate in the governance of the project? On what kind of decisions can they vote on about the project? And do you have any plans to create other feature? Maybe yield farm, stake, or NFT project? Can you explain more detail?

$PGT holder will be able to participate in the governance of PetZ Money and able to vote on the implementation of the new features and give suggestions about the project. We have the plan to create a yield farm, stake to earn, nft marketplace, focus to earn app, and many more you can find out on our docs.

24. Collaboration and partnership are some of the most important cornerstones to help improve adoption. So tell us about the existing partners of project your plans for the partnerships, and how everyone will benefit from these partnerships?

We aim to do strategy partnerships with venture capital, crypto exchanges, and crypto communities to gain more adoption for the PetZ Money ecosystem. All these partnerships will increase lease of knowledge, expertise, and resources available to make better products and reach a greater audience for PetZ Money. We would like to partnership with freelancer platforms like Upwork and Fiverr, since many people are distracted working from home. By using our focus to earn dapp, they can focus to do their work and earn extra income. The mission of PetZ Money is to create an innovative time management and productivity tool that helps freelancers better plan workloads, overcome distractions, and accomplish tasks more efficiently. Five years from now, we will be the market's most popular web3 productivity tool.