There is currently R1,059,421.93 backing 1,059,200.00 ZARP tokens

Latest attestation report

A digital Rand from the future

ZARP is a cryptocurrency pegged to the price of the South African Rand (ZAR). 1 ZARP equals 1 ZAR, stored in our treasury account. ZARP is the only bank-approved, fully backed, transparent, and audited stablecoin for the South African Rand.

We created ZARP to make the Rand compatible with the future financial system.

📈 Traders

Use the only true Rand stablecoin with guaranteed liquidity. Hedge against volatility, store value, and make efficient transfers.

♻️ Exchanges

Attract more users and trading volume while building trust by listing a transparent stablecoin that is fully backed.

👩‍💻 Users

Store and move value quickly and efficiently, without volatility. Use ZARP like cash.

🏦 DeFi Protocols

Unlock solid liquidity with an audited stablecoin, pegged by one of the world's top currencies.

FAQ

What is a stablecoin?

From Wikipedia: Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities (such as precious metals or industrial metals). For ZARP this means being pegged to the South African Rand, so that the price of 1 ZARP always equals 1 South African Rand.

Where does the name ‘ZARP’ come from?

‘ZAR’ is the ticker symbol for the South African Rand currency. The ‘ZA’ is often used to describe South Africa, for example in the country’s .co.za internet domain names, and refers to the name Zuid-Afrika. The ‘P’ stands for peg, because ZARP is pegged to the price of the South African Rand.

What is a "true" stablecoin?

A true stablecoin is backed by a validated treasury of currency in reserve, which guarantees the value of the coin. ZARP is the only true stablecoin for the South African Rand. We have bank-approval for our treasury reserves, which are independantly audited by Kempen Audit with comprehensive attestation reports.

How do you guarantee the price of ZARP?

Whenever our Minting Partners buy ZARP from us, we create new tokens to match the amount of ZARP being acquired. These rands are kept safely in our treasury until a partner wants to withdraw real rands from us, at which point we burn (destroy) their ZARP tokens, and send actual rands to their bank account. Our treasury is verified by independent auditors to guarantee that we actually have the money we claim to and are acting honestly in maintaining our treasury. This way there is always at least 1 South African Rand for every 1 ZARP token, and we will never pay more or less than R1 for every ZARP minted or burned with us. Simple ✨

Who can use ZARP?

Anyone who can get hold of it! But for now only our Minting Partners are allowed to mint and burn tokens directly with us.

Where can I get ZARP?

ZARP is pre-launch and we are currently working behind the scenes with exchanges to list our token, and will soon have pools up and running on leading DEXes. For now the only way to get ZARP is to speak with us on our Discord.

What blockchain does ZARP run on?

ZARP is built on the Ethereum blockchain, using the ERC20 token standard. We chose Ethereum because it is:

  • Battle-tested and secure.
  • Improving in scalability thanks to the Ethereum 2.0 ‘Serenity’ upgrade and the move to Proof of Stake.
  • Widely supported and understood.
  • Extensible and enabling of smart contract functionality.
  • Easy for Exchange Partners to integrate.
  • Compatible with a large number of wallets.

We are also open to taking ZARP onto additional blockchains, but have no plans to do so at present.