Fireside - Changes to our rewards
Hello ZIMBOCASH friends
We're making progress.
After last week’s launch, we have been working hard to enable your wallet to make and receive payments on the ZASH blockchain.
Our team have tested it and it is looking so very cool. You’re going to love it.
This process will take a few days because it is the most important part of what we are doing. We need to test thoroughly.
We will be opening it up to our regional leaders for testing, and then to the broader ambassador team. Finally, we will open it up to the ZIMBOCASH community. Exciting, isn't it?
Before all this, we have needed to analyse our subscriber list. We engaged a team of data analysts who have thoroughly reviewed the information. It turns out we’ve got a fair amount of spam that we need to clean up. Because of this, we are making several changes.
- Deleting spam accounts
We’re going to deduct the referrals that have been allocated to people for bogus sign-ups. All the ambassadors that have more than 30% bogus sign-ups, will lose their ambassador rewards.
- Only active referrals are rewarded
Going forward, people will only be able to get referral rewards when the people who they referred make their first ZASH transfer. We want to reward you for bringing people who will actually use ZIMBOCASH to make payments.
- Your previous ZASH rewards
For your previous balances, you will only get your additional rewards when your referrals transact.
You will get additional ZASH when each of your referrals make their first payment.
We want people who have referred others to be prosperous – but only for valid referrals. Please only refer people who will actually use ZIMBOCASH and add value to the network.
- Blockchain balances
Your wallet will no longer show you the breakdown of your various rewards. All your transactions and balance information will be stored on the public blockchain which you will be able to view.
We won’t keep a record of your balance or your transactions on our database.
- Ambassador reward
The ambassador rewards will be coming to an end. The 10% referral rewards will continue to apply.
We will be reworking the ambassador program and will keep you posted.
There is so much on the go
We will send further fireside chats to keep you posted on some of the questions that are being asked, including:
- How does exchange listing work and when will we be enabling transfers to the exchange.
- Know Your Customer regulations and what detail we will require of you.
- USSD solutions to enable all Zimbabweans to sign-up and transact even if they have feature phones.
- Our next Roadshows around Zimbabwe.
- Closure of Whatsapp groups and moving to telegram.
Watch out for con artists
Lastly, it seems that we’ve got a following of con artists trying to scam people of their ZASH. Watch out for fake accounts and for people approaching you directly on Telegram or on other groups. Admins will never approach you first (plus they have an admin badge next to their name on the group). We will never ask you for your money.
Haven’t signed up yet?
If you haven’t yet signed up, you can do so on our website www.zimbo.cash. You’ll receive 3125 ZASH but hurry because allocations halve at the end of June.
You’ll also get 10% extra for every person who signs up and makes transactions and a further 0.1% extra for each unique person who clicks your link.
We’ll keep you posted on the next steps for full payments – this is more work than any of us imagined and as we take this step, we’re creating history. ZIMBOCASH will be the first transactional on-the-ground sound-money system for all Zimbabweans.
The ZIMBOCASH Team
Hi ZIMBOCASH Family We are still passionately pursuing a sound-money solution for Zimbabwe. We are closer than ever before to executing on our goals and we wanted to give you an update. We have taken down our previous login website and put up a maintenance...
Hi ZIMBOCASH Family So a quick update into where we are at the moment, and then we want to talk more about what no-one else is talking about, but is the reason why we exist. We’ve been quiet the past few months but we have been working hard behind the scenes....
Dear ZIMBOCASH family We’re still here. Working hard towards our goal of sound-money. We have not forgotten about you. So here is an update about us. If this is your first fireside chat, we’ll tell you a bit about ourselves. Background We started about two...
Hello ZIMBOCASH Family We wanted to let you know that we have had to take our payments gateway down while we work on our identity validation processes. We have grown amazingly fast in the last few days with total gross subscribers sitting at 131 000...
Dear ZIMBOCASH Family We write to you with the great news that we have opened up payments for Zimbabwean residents on the ZIMBOCASH wallet. If you live in Zimbabwe, you can start making payments. All you need to do is go log in to your website and...
Hi ZIMBOCASH family We’re at a historic moment. The payment functionality is now ready. We’re about to open it up to our ambassador team to test. We are working a bit on the front end to improve your user experience. But it works great. It...
Hi ZIMBOCASH Family BOOM, we did it!! We’re so excited today to tell you that we did it! We’ve been itching to tell you but we couldn’t until our updated sign-up system went live – which it did this morning. We’re still working to improve on it...
We are so proud to issue our latest press release. It's been a mammoth week for us as we have launched the ZIMBOCASH blockchain, the ZIMBOCASH listing on large international crypto exchange. We're getting closer to a decentralised currency network of...
Greetings fellow Zimbabweans Our roadshow has been going off the charts. As inflation and money printing causes shortages across the country, Zimbabweans from all over are opening their hearts to an alternative. ZIMBOCASH is our solution to fix the...