ZTX
ZTX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ZTX is an Arbitrum-based virtual-world and creator platform built on ZEPETO technology. While the project exhibits experienced leadership and backing from institutional investors (such as Jump Crypto and Collab+Currency), as well as ongoing product updates including the April 2026 ZTX Mobile release, its overall investment thesis is severely weakened by market fundamentals. The project operates in a struggling metaverse niche characterized by microscopic trading volumes ($100-$4,000), a sub-$1M market cap, and significant circulating supply discrepancies. Community engagement remains weak with low on-chain activity, and an announced transition to an L2 chain utilizing a separate CREATOR token introduces migration and fragmentation risks. Additionally, a data gap was identified in Security and Audit History (-1.0) due to search pollution from unrelated entities, leaving its audit record unresolved and excluded from the weighted score calculation.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About ZTX (ZTX)
ZTX (ZTX) is a Web3 virtual-world and creator platform built on ZEPETO technology and deployed as an ERC-20 token on Arbitrum One. Founded in 2022 by Rudy Lee and Jeehyun Chang, the project was incubated by Everest Ventures Group and secured early funding from investors including Jump Crypto, Collab+Currency, Parataxis Capital, and the Maezawa Fund, followed by an initial token offering in October 2023. The platform is designed around avatar-based social interaction and digital creator environments, with product releases including early playtests and the ZTX Mobile application launched in April 2026.
The ZTX token has a maximum total supply of 10 billion tokens. Approximately 40.5% of the supply is allocated across the core team, shareholders, and treasury, with 35% designated for play-to-earn/X2E reward emissions. Vesting schedules for locked allocations extend through 2029. The token features no protocol-level buyback or burn mechanisms, making the circulating supply net inflationary over time. Additionally, significant discrepancies exist regarding the circulating supply, with team disclosures indicating approximately 7.12 billion tokens circulating while external trackers display figures as low as 4.2 billion.
The project faces notable market, liquidity, and governance challenges. On-chain activity remains limited, with roughly 7,300 unique holder addresses and low daily transfer volumes, accompanied by daily decentralized and exchange trading volumes ranging between $100 and $4,000 and a market capitalization under $1 million. The project also exhibits limited public engineering transparency, including an absence of verifiable public source code repositories and published third-party security audits. Furthermore, an announced transition toward a separate Layer 2 network utilizing a new CREATOR token presents community fragmentation and migration risks for existing ZTX holders.