What is ZeroMile? Recent News, Fundraising and Token

Key Takeaways

• ZeroMile is an innovative DeFi protocol that leverages blockchain technology to tokenize and trade carbon credits, promoting sustainable finance and environmental impact.
• The platform offers users the ability to stake tokens, earn rewards, and participate in governance, making it accessible for both crypto enthusiasts and eco-conscious investors.
• With its native token, ZML, ZeroMile provides real-world utility, including reduced transaction fees and incentives for carbon offset activities, positioning it as a leader in green DeFi solutions.

What is ZeroMile?

ZeroMile is a decentralized finance (DeFi) project built on blockchain technology that focuses on creating a sustainable ecosystem for carbon credit trading and environmental initiatives. Launched on X under the handle @zeromilexyz, the platform aims to bridge the gap between cryptocurrency and real-world sustainability by tokenizing carbon offsets, allowing users to invest in and support green projects effortlessly. This project not only facilitates seamless transactions but also encourages global participation in reducing carbon footprints, making it a pivotal player in the evolving landscape of eco-friendly crypto innovations.

How Does ZeroMile Work?

ZeroMile operates on a decentralized network where users can mint, trade, and redeem tokenized carbon credits directly through smart contracts, ensuring transparency and security in every transaction. The process begins with users verifying their carbon offsets via integrated partnerships with environmental organizations, after which these credits are converted into digital assets on the blockchain. Once tokenized, users can stake their assets to earn rewards, participate in liquidity pools, or use them in DeFi applications, all while contributing to verified sustainability goals. This system not only democratizes access to carbon markets but also incorporates yield farming mechanisms to incentivize long-term holding and participation.

What Makes ZeroMile Unique?

• Its integration of real-world environmental data with blockchain ensures that every transaction has a measurable impact on carbon reduction, setting it apart from traditional DeFi platforms.
• ZeroMile offers innovative reward structures, including NFT-based carbon certificates that provide users with verifiable proof of their contributions, enhancing user engagement and ownership.
• The platform emphasizes community governance, allowing ZML token holders to vote on project developments and partnerships, fostering a decentralized and inclusive decision-making process.

ZeroMile Native Token

The native token of ZeroMile, known as ZML, serves as the backbone of the ecosystem, powering transactions, staking, and governance within the platform. ZML tokens are used for paying gas fees on the network, which are significantly lower than those on other blockchains, making it cost-effective for users. Additionally, holders can stake ZML to earn rewards in the form of more tokens or carbon credits, while also gaining voting rights in protocol upgrades and partnerships. The primary purpose of ZML is to incentivize participation in sustainable activities, such as funding green projects, thereby aligning financial gains with environmental benefits and driving long-term adoption in the DeFi space.

TGE Information

ZeroMile's Token Generation Event (TGE) took place in early 2023, raising approximately $5 million through a combination of private sales and public IDOs on major launchpads. The event allocated 50% of the total token supply to the community via staking and liquidity mining programs to ensure wide distribution. Post-TGE, ZML tokens were listed on several top exchanges, including Uniswap and Binance, with an initial price of $0.10, and the project has since focused on building partnerships for further ecosystem growth.