Azit AZIT
About
What Is Azit (AZIT)?
Azit is a blockchain, point integration platform for real estate and home/living services. Azit partners with companies like 'Ziptoss' real estate service and 'Trustay' real estate rental and asset management platform in korea. Partners are interlocked with Azit DAPP where users can exchange their mileage point against AZIT Token to use the service in need.
AZIT is the native utility token that is used for:
- AZIT acts as a key currency for various service's mileage points.
- Exchanging Partner Company’s mileage points with AZIT Token.
- Changing mileage into AZIT Token and exchange for fiat currency.
Azit ecosystem:
- Azit Alliance is forming an ecosystem where users can benefit when using real estate, moving, cleaning, house designing, laundry, pet, house insurance, and many other residential services.
- So far 'Ziptoss' real estate service, 'Trustay' the real estate rental and asset management platform, ‘MarketB’ home and living e-commerce platform has joined the ecosystem and azit is steadily expanding.
- Users will be able to exchange points via azit DAPP
How Many AZIT Coins Are There in Circulation?
AZIT Token was first created in June 2021 based on Klaytn’s mainnet and was audited by Hexlant. Total of 500 million AZIT tokens created, 25% for partner companies related to real estate, housing, and IoT that have joined the Azit Alliance that will strengthen the ecosystem, 25% of marketing used for promoting the platform which will be provided as a reward for contribution activities such as signing up for Azit platform, participating events and achieving missions. 20% for foundation to be used as business expenses such as R&D, labor costs, and facility management. 5% set for long-term operation and development of the AZIT Alliance platform, such as platform operation/management and technical upgrades in the future.
AZIT Token was listed on KLAYswap (7 FEB 2022), MEXC (19 MAR 2022), Bithumb (16 DEC 2022)
Who Are the Founders of Azit?
Azit was started by experts from major IT companies such as Samsung, SAP, Nexon.
• CEO : Terry (Sungmin Park) is an IT service expert who has been in charge of business strategy, investment and fund operation, public relations and marketing for more than 15 years at Nexon, Com2uS, and Dabang, and is one of the leaders in the game industry and proptech.
• COO : As a Business Strategic Planning and Operation specialist, Yuly Hwang worked as a core member for over a decade in Samsung covering various fields such as Global Sales, Strategy, Planning, Marketing.
• CFO : Kenny Kim is a Finance specialist who has a broad background on Finance/Accounting Knowledge, worked as head of Asset Management for Credit Suisse and Nomura Financial Investment.
• CLO : An attorney specialized in IT, Zed Choi is a law and risk management specialist for companies in need for law advice and investment. He also serves as vice chairman of the Blockchain Task Force organized by the Korean Bar Association and takes part as a mentor for ICT startup companies.
Where Can I Buy AZIT (AZIT)?
AZIT is available for trading on DEX KLAYswap, MEXC (https://www.mexc.com/ko-KR/exchange/AZIT_USDT?_from=market), Bithumb (https://en.bithumb.com/trade/order/AZIT_KRW)
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AI Analysis
What is the Azit (AZIT) cryptocurrency good for? What are its main use cases?
As of my last update in October 2023, Azit (AZIT) is primarily associated with the real estate and property management sectors. Here are some of the key use cases and functionalities typically attributed to AZIT:
Real Estate Transactions: Azit aims to streamline real estate transactions by using blockchain technology, allowing for secure and transparent dealings. This can help reduce fraud and increase trust among parties involved in buying or selling properties.
Property Management: The cryptocurrency may be used in managing real estate portfolios, enabling property managers to handle transactions, track payments, and manage contracts in a more efficient manner.
Tokenization of Assets: Azit may facilitate the tokenization of real estate assets, allowing investors to buy fractional ownership in properties. This can lower the barrier to entry for investors and create new liquidity options in the real estate market.
Smart Contracts: The use of smart contracts in real estate transactions can automate various processes, such as rental agreements or property sales, reducing the need for intermediaries and cutting costs.
Crowdfunding: AZIT could also be utilized in real estate crowdfunding initiatives, where multiple investors can collectively fund a project or property, allowing for shared investment opportunities.
Community Governance: Some projects integrate community decision-making through token-based governance, allowing AZIT holders to have a say in future developments and operational decisions related to the platform.
Please note that the specific features and functionalities of AZIT can evolve, so it's a good idea to check the latest official documentation or announcements for the most current information.
What blockchain does Azit use? Is it its own blockchain or built on top of another?
Azit is built on the Ethereum blockchain. It does not operate on its own separate blockchain; instead, it utilizes the Ethereum network to leverage its smart contract capabilities and decentralized infrastructure.
Is Azit programmable? Does it support smart contracts or decentralized applications?
As of my last knowledge update in October 2023, Azit refers to a blockchain platform that aims to provide solutions for various applications, including smart contracts and decentralized applications (dApps). If Azit supports programming and smart contracts, it likely allows developers to create decentralized applications on its blockchain.
To get the most accurate and up-to-date information, you may want to visit the official Azit website or check their latest documentation and community discussions.
How fast are Azit transactions? What is the typical confirmation time and throughput (transactions per second)?
Azit, as a blockchain platform, aims to provide quick transaction times and high throughput, similar to other modern blockchain technologies. However, specific details about Azit's transaction speeds, confirmation times, and transaction throughput (transactions per second, TPS) can vary based on network conditions and the underlying architecture.
Generally, many blockchain platforms seek to achieve confirmation times in the range of seconds to minutes, while aiming for a high TPS to accommodate a larger number of users and transactions. If Azit operates in a similar manner, you might expect confirmation times in the range of a few seconds, and TPS could be comparable to other scalable blockchains, possibly in the hundreds or thousands depending on the specific implementation.
For the most accurate and up-to-date metrics on Azit, including its current performance regarding transaction speeds, confirmation times, and throughput, it would be best to consult their official documentation, blockchain explorers, or their community channels.
How much data can I store on the Azit blockchain? Does it support on-chain data storage?
As of my last knowledge update in October 2023, Azit is known for its focus on decentralized solutions and identity management, primarily in the context of the real estate industry and other sectors. However, specifics about its on-chain data storage capabilities, including exact limits on data storage, can vary and are subject to updates and changes by the platform developers.
Typically, blockchain platforms have limitations on how much data can be stored directly on-chain due to scalability, performance, and cost considerations. Many blockchains prefer to store transactional data on-chain while keeping larger datasets off-chain, utilizing solutions like IPFS (InterPlanetary File System) or other decentralized storage systems for large files.
To get the most accurate and current details regarding Azit’s data storage capabilities and whether it supports on-chain data storage, I recommend checking the official Azit documentation or their support channels for the latest specifications and guidelines.
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