PZMCash, the developer of the PoS coin, announced a rebranding of the cryptocurrency before entering exchanges and new markets. The new name of the coin is ZYX Network.
The coin is already available as a trading instrument and is traded on some exchanges, and from July 31 it will be available for trading on the BitForex exchange. Also, ZYX Network can be used as a means of payment for paying for goods in iVendPay terminals.
The name of the coin refers to how the coordinate axes are designated, which determine the vector of motion in space. The coin itself will also develop in three main directions: staking, trading, and a payment instrument. In addition, representatives of generations Z, Y, X remain the main users of the coin. In fact, the new name of the coin fully reflects its essence. ZYX Network users can join the staking program and receive passive income from storing coins. In the future, the coin will be included in the cryptocurrency staking baskets, which can be used by both private and institutional investors.
“We have successfully completed public sales, signed cooperation agreements with several payment services, and in the near future the coin will be listed on the exchange. Before the next stage of the project's development, we decided to change the name of the cryptocurrency, while not changing the blockchain or other functions,”
said CEO Stanislav Itkin. Also, the decision to rebrand was associated with the leveling of possible reputational risks due to the similarity of the coin's name with other projects which are not associated.