SABZ token

FAQ

  • What is SABZ token?  - SABZ is the primary and parent governance token of all Tezos stablecoins in its network, including USDtz.
  • Why is it called SABZ token? - SABZ is the diminutive form of the name StableTez, used as the symbol of the token. Coinsidentally, the word sabz, in many languages around the world, means green. The word 'green' in the United States is a common colloquialism for the word money.
  • What is StableTez? - StableTez is a network of stablecoin smart-contracts built on Tezos. These smart-contracts and token assets include USDtz, as well as the forthcoming BTCtz, GLDtz, EURtz, ETHtz and many more.
  • On which token standard is SABZ built?  - The FA token standard, which is the Tezos community accepted standard. FA is not merely open-source; it’s the universally accepted global token standard for Tezos. What the ERC token standards are respectively for the Ethereum ecosystem, such is the FA token standard.
  • What makes SABZ token valuable? - SABZ token has parental permissions over the local stabletez smart-contracts (including USDtz). SABZ holders can permit, delegate, and interoperate with more localized governance to each stablecoin’s smart-contract. This includes matters of protocol upgrade and matters of reward distribution, even as applicable to their own upgrades and payouts; self amending, like Tezos itself. 
  • What kind of governance does SABZ consensus employ?  -  On-chain governance, continuously inspired by the groundreaking and ever-advancing on-chain governance of Tezos itself.
  • How is SABZ token distributed?  -  Until the total to-be-minted supply of SABZ runs out, USDtz stakers earn SABZ it as a reward for staking USDtz.  SABZ may also be purchased on an exchange.
  • What is to be the total supply of SABZ token?  -  2 billion terminal supply of SABZ, including all minted and yet-to-be minted. (1 billion minted at genesis and airdropped to TRU token holders, and 1 billion minted over time to stakers.
USDtz Whitepaper

Read more about SABZ in the USDtz whitepaper

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