MATIC NETWORK AMA WITH ZERO UTILITY TOKEN— FEBRUARY 2 2021

2nd of February 2021, The Chief Product Officer and Co-Founder of Zero Utility Token Jared Allan was hosted by Matic Network on their channel. The AMA’s purpose was to discuss ZUT and their new NFT Multi-Send web application built on Matic!

The session was moderated by Arun Philips. Details follow below :

Arun Philips
Hello Jared, welcome to the Matic community 🙂

Could you please tell us a little about yourself and ZUT?

Jared ℤ𝕌𝕋
Thank you for having me! I love what Matic is doing in the world of blockchain, and most recently with NFTs and Defi.

My name is Jared Allan and I’m the Chief Product Officer and Co-Founder of Zero Utility Token. I am a Fine Arts major at The University of the Arts’ Graduate program. My resume in the arts extends 20 years with experience in dance, music, & theater. I also happen to be a blockchain enthusiast, NFT specialist, and curator for the visual arts.

Arun Philips
That’s an awesome and creative background :)
There is a strong focus on grassroots ideas at ZUT, can you tell us about the team and community you have so far?

Jared ℤ𝕌𝕋
[In reply to Arun Philips]
Thank you! I think artists and developers coming together can create the innovations we need nowadays.
Yes, we are very focused on collaborative exploration & building innovative solutions. On our team of eight total, we have an eclectic roster of expertise that helps address problems in the space, while creating new pathways and utilities to the ever-growing market. However it doesn’t stop with us. ‘The Syndicate’; formed nearly one month after our launch, allows anyone with TWO ZUT tokens to enter into our Think-Tank style forum to share ideas, solutions, and disparages with one another and the team. This room of over 40 holders has been responsible for many of ZUTs innovations.

Arun Philips
[In reply to Jared ℤ𝕌𝕋]
Wow The Syndicate sounds so cool! Glad to see you guys deciding to work with Matic :)

Jared ℤ𝕌𝕋
Many of the ideas we have come straight from that room! which is like a decentralized community of free thoughts.

Arun Philips
Can you tell us a bit more about ZUT and it’s different products?

Jared ℤ𝕌𝕋
When ZUT formed in early September 2020, our first project was to send out hundreds of NFT art to our top holders. We ran across a litany of issues, most importantly, how to send these NFTs like an airdrop. And just like that our first product was born, The Multisend.

After weeks of testing and enriching its features, we launched our tool in mid-october. This bulk sending tool allows users to send an unlimited amount of tokens to an unlimited amount of people in one transaction! This allows projects and teams to fulfill their NFT airdrops while saving 75% on average in gas fees!

Compatible with ERC721, ERC1155 & ERC20

Our newest tool, The NFT Forge, is a special NFT minter which allows users to set dynamic properties and functions that react to the owner’s wallet activity… currently in BETA and releasing at any moment.

Arun Philips
[In reply to Jared ℤ𝕌𝕋]
solving the problems you face with innovation!
True buidlers 💪🏼

Arun Philips
What are the major milestones ZUT has achieved so far and what can we expect from you guys in the near future?

Jared ℤ𝕌𝕋
[In reply to Arun Philips]
And more coming your way!
I believe some of our largest milestones have yet to be realized. However, I will say that our precious metal ZUT COIN collection, in collaboration with the renowned jeweler Christian Caine has garnered major attention lately!

We have embedded RFID/MFC chips into real solid precious metal jewelry like gold silver and platinum. This allows us to store blockchain contents and initiate smartphone actions, which bridges the gap between the ‘physical’ and the ‘virtual’! More on these developments soon…

Take a peek…

Arun Philips
[In reply to Jared ℤ𝕌𝕋]
Oh wow that’s amazing news!

Arun Philips
[In reply to Jared ℤ𝕌𝕋]
Looks gorgeous 😍

Jared ℤ𝕌𝕋
Yes, we have already made 5 orders! 100 percent of Proceeds will buy ZUT
And is stored in our team multi-signature wallet

Arun Philips
Can you tell us a little bit about how your experience was building on Matic and what are the advantages of ZUT working with a Layer 2 like Matic?

Jared ℤ𝕌𝕋
Yes it has been a blast and seamless. Thanks to your partnership with Chainlink, TRUE cross chain interoperability is possible and many doors are opened! With the help of our newest partner, Biconomy, ALL transactions are GAS FREE
That’s insane

Arun Philips
That’s so encouraging to hear!
Glad to know you guys are using Biconomy :)

Jared ℤ𝕌𝕋
https://zeroutility.medium.com/zut-biconomy-fd68af09b5fb
This is the official announcement!!!

Arun Philips
What are the advantages of ZUT’s platform compared to other platforms that offer BulkSends? What are the risks for users?

Jared ℤ𝕌𝕋
Thank you Matic 🌹

The ZUT powered Multisend is community driven, and funds collected through a small $ZUT/$MATIC/$ETH fee funds our project’s endeavors and pays for commissioned artists to create ZUT inspired NFTs. Not only is our tool more affordable, and more feature rich, it will also be somewhat immune to the gas storms experienced on ethereum. Users risk paying up to 10 times more using other platforms!

Our strategic partnership eliminates almost all the risks involved with cross chain sending.

Arun Philips
[In reply to Jared ℤ𝕌𝕋]
Brilliant stuff! That’s a bunch of differentiating features ;)

Jared ℤ𝕌𝕋
Yes there’s no end. We have brought so many use cases together! I’m very proud of my team and the community!

Arun Philips
What will the future of ZUT in the decentralized revolution look like? Can you talk to us about your roadmap and how governance will look like?

Jared ℤ𝕌𝕋
We are preparing ZUT for more global reach, as we believe in the expansion and mass adoption of crypto around the world! Soon, you will see ZUT dive into decentralized philanthropy (De-Phi), which will address trustlessness in the charity sector.

Decentralized Marketing is coming your way as well…

We plan to have as many activities and use cases for the token as possible including governance!

I can’t give away too much regarding the rest, but the future is bright! I think that’s something we all can agree on here in the crypto space.

Arun Philips
[In reply to Jared ℤ𝕌𝕋]
Lot of massive plans ahead then ;)

Jared ℤ𝕌𝕋
Oh yes my friend!

Arun Philips
[In reply to Jared ℤ𝕌𝕋]
Love the focus on Trustlessness in Charity that’s personally something I’ve been working on a long time too :D

Jared ℤ𝕌𝕋
[In reply to Arun Philips]
Really!! We might need to work together then…

Arun Philips
[In reply to Arun Philips]
We’ll have lot of chances to catch up now that you’re part of the Matic community :D

Arun Philips
Before we conclude, I think there are many in the community who would love to join the ZUT community and stay up to date with all the news. What’s the best way to keep in touch?

Jared ℤ𝕌𝕋
We are most active on telegram 24 hours a day. You can reach us on Twitter, @utilityzero and Discord as well, ZUT

Arun Philips
[In reply to Jared ℤ𝕌𝕋]
Awesome, do join the gang guys!

Arun Philips
Now let’s explore some questions from the community. Please do share them below 🙂

Next session was the questions from the community members which were answered by Jared.

Amina Peter
Your product NFT Multi-Send is indeed a revolutionary one and really
needed in the market, so what are your plans toward spreading the awareness of the product to the crypto world? How can you get non-crypto users into your platform to enjoy the benefit of your products?

Jared ℤ𝕌𝕋
[In reply to Amina Peter]
To Answer your first question, Hands-On marketing and partnerships are how we establish long-term and substantive growth. Our partnerships have totaled to over a dozen projects using the multi-send everyday!

Li Jie
Indeed, NFT is a hot topic today. What is your opinion on NFT becoming a valuable asset? Do you think that NFT will become popular on a global scale one day?

Jared ℤ𝕌𝕋
[In reply to Li Jie]
I absolutely agree. NFT will continue to popularize as investors come to learn about compounding value on the blockchain. This stuff is very new still!

Li Jie
What is the most ambitious goal of the $ZUT project? If you can share any upcoming updates with us, I would be very grateful. What should the community look for?

Jared ℤ𝕌𝕋
[In reply to Li Jie]
Looking for charity, philanthropy, and marketing on a global scale. Building that currently right now… 🌹

Chia-Hao
Am I curious about the name ZEROUTILITY? Why did you choose this name? Is there a story behind this name?

Jared ℤ𝕌𝕋
[In reply to Chia-Hao]
Yes!! We aimed to be the antithesis of our name. Many projects do not possess a single utility and unfortunately, that stains the space. We will long outlive many projects!

Chia-Hao
How do you attract investors to be interested in $ZUT? Because some investors only focus on short-term prices rather than long-term prices?

Jared ℤ𝕌𝕋
[In reply to Chia-Hao]
There are only 1,000 tokens and 36 of them are burned! That alone is enough to drive the price! There are no developer keys because they have been burned and so the liquidity is locked FOREVER 😉

Ok………… 🤔🤔
2020 covid-19 happened all over the world does it affect your project and development, will your team have a new direction for 2021 while covid-19 is still there

Jared ℤ𝕌𝕋
[In reply to Ok………… 🤔🤔]
Creating value and opportunity for artists is one of the many ways we are serving the world in this uncertain time! many of our commissioned artists have gone on to be very successful in the nft space!

Ahmad
What are the requirements for receiving ZFT in the “Zero Utilities” ecosystem? Who has a chance to get it?

Jared ℤ𝕌𝕋
[In reply to Ahmad]
Liquidity providers, and members of this syndicate 🤟

Yusuf ( $BTC )
Can you elaborate on your tokenomics? In the future, how many total tokens will you get and plans for unlocking the tokens?

Jared ℤ𝕌𝕋
[In reply to Yusuf ( $BTC )]
The supply is steadily decreasing always! There is a .3% transaction fee for every transaction, which goes straight to the locked liquidity. This means that the floor is constantly rising with price action!

IEO Alert
You claim that is not necessary have tokens uses cases to become have a great market value, so what is the elements that make the ZUT gain market value? Just the community trust?

Jared ℤ𝕌𝕋
[In reply to IEO Alert]
Community trust and effort yes! The token on its own did not create the tools ;)

zafer metin
@AllanJar

How is your “dead” wallet fed in locked liquidity and what is the role of NFTs in unlocking special privileges on your products?

Jared ℤ𝕌𝕋
[In reply to zafer metin]
Our dead wallet had no keys, this is the developer wallet. No team tokens for allocations, pure community effort. This means that no one can go into the liquidity pool and release the funds earned from the contract.

zafer metin
@AllanJar

How are all funds collected from products used with Zero? And
How is ZUT liquidity provided?

Jared ℤ𝕌𝕋
[In reply to zafer metin]
We use a team multi-signature wallet by Gnosis! The multi-send fees come to the team wallet which currently stores funds for marketing and building.

A. Ivanov
In what ways do you think Zeroutility Token contributes so that financial institutions can benefit from the advantages that DeFi offers?

Jared ℤ𝕌𝕋
[In reply to A. Ivanov]
Legacy finance will come flying in when they realize that nft art is a tax write-off 😉👍🏼

zafer metin
What are the experiences of the Zero Utility team in the industry and is $ ZUT subsidized solely by donation and product use? Is Zero Utility supported by a foundation or company?

Jared ℤ𝕌𝕋
[In reply to zafer metin]
…As of right now we are not supported by any foundations…

zafer metin
Are product funds deposited in the MultiSig wallet not used unless there is a consensus from the community?
How is the consent of the community provided? In what situations is community approval needed?

@AllanJar

Jared ℤ𝕌𝕋
[In reply to zafer metin]
Our syndicate votes for any propositions posed by the team or anyone else!

Yusuf ( $BTC )
In terms of becoming a successful project or company, what is the biggest challenge you currently face?

Jared ℤ𝕌𝕋
[In reply to Yusuf ( $BTC )]
Crypto marketing is the largest disparage in my eyes, so we’re going for it…

Jared ℤ𝕌𝕋
Thank you @arunphilips !

Arun Philips
Thanks so much @AllanJar for joining us today :)
Please do join ℤ𝕌𝕋 here :) @utilityzero

Jared ℤ𝕌𝕋
ZUT — Zero Utility Token
Official Zero Utility Token Chat

🌐Main Site🌐
http://www.zeroutility.com

🐦Twitter🐦
https://twitter.com/utilityzero

https://t.me/ZeroUtilityToken

Jared ℤ𝕌𝕋
I don’t think there’s a greater blockchain community! Thank you MATIC!

Crypto. Photography. Vibes