Token Economy

Inside the VZ Platform, two kinds of payment and incentive systems will be established, namely: VZ point (WATT) and VZ token (VZT). VZP may be acquired from the VZ Platform through the performance of qualifying activities. VZP and VZT will play a primary role in inducing electric vehicle charging demand for EV charging in VZ platform ecosystem.

VZ

Equivalent to real currency within the VZ Platform. 1 VZP will have a fixed value of US$0.1 (1 cent) – the value of VZP may be denominated in other real currency such as KRW. VZP may only be used as payment for charging on the VZ platform, and will not be listed or tradable on the market. Any person who wishes to obtain VZ may do so by purchasing VZP with credit card or cash. For the avoidance of doubt, none of the VZ token carry any right to obtain EVP or any other right other than as a means of payment on the VZ Platform. Accordingly, VZP cannot be obtained by converting/exchanging VZ token.

VZ token (VZT)

A ERC-20 token standard cryptocurrency operating in the system as an alternative means to pay for services. It can be used in any cryptocurrency marketplace that accepts payment with VZ and its value will be determined based on market forces. A limited quantity of VZ may be issued to users as a reward for qualifying transactions and activities on the VZ Platform. For example, when a user makes payment with VZP on the VZ Platform, such user will be eligible for a certain amount of VZ as reward for carrying out the payment transaction. In instances where a private owner shares their charging station, such private owner will be eligible for a certain amount of VZ as a reward for sharing in addition to any other usage payment. When a user pays for the usage of a electric vehicle charger with VZ instead of VZP, further incentives will be offered to help create demand for the use of VZ.

• Purchase and Possession of VZT by Local Host demand.

As the electric vehicle market continues to grow, related infrastructure is also expected to expand. A portion of the funds raised from the token sale of the VZ tokens will be set aside to support activities of the VZ Platform including, for example, providing any newly established electric vehicle charging business (Local Host) with the required charging station infrastructure free of charge and supporting the VZ reward system to encourage expansion of the infrastructure. If a Local Host wishes to expand their operation due to increased demand and does not have sufficient VZ to meet the staking requirement of the VZ Platform, they will need to acquire more VZ, which will be stored in their private wallet on the EVZ Platform. The VZ Platform will require businesses to maintain and stake a certain amount of VZ in order to participate in the Platform. In the event that a business fails to comply with the relevant terms and conditions in respect of its participation in the Platform, VZ that are staked by such business may be burnt. Operators will be able to accept either VZ or cash as payment for their services.

• Participant Rewards

As well as Local Hosts, private users who install the VZ Platform on their charging systems will also be able to earn VZT. Whenever customers pay them via VZP, 1% of the payment amount will be accrued as VZT. When provided energy stored from alternative or renewable energy sources, the operator will instead accrue 2% of the transaction in VZT. By placing a value on charging at different times of day depending on supply and demand, participants will be able to earn more rewards.

• Priority Charging Permission

While infrastructure continues to increase in areas of high demand for electric vehicle charging system, it is a reality that limitations in availability still exist. In highdensity areas, demand for charging stations is rising dramatically, which raises questions about priority access. In these situations, customers who intend to pay for charging via VZT rather than VZP will be given priority.