The trusted Rand stablecoin

ZARP is a cryptocurrency stablecoin pegged to the price of the South African Rand (ZAR) - one of the world's most traded currencies. Access financial services 24/7, build apps with unstoppable payments, and join the future of finance. ZARP is fast, safe, efficient, and the only fully audited rand stablecoin with complete attestation since day one.

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

📈 Traders

Use the only fully audited and over-collateralised 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. Enable rand-deposits without friction.

👩‍💻 Users

Store and move value quickly and efficiently, without volatility.

🏦 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.

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 which is managed by our partners at Old Mutual Wealth. When real rands are withdrawn, we burn (destroy) an equal amount of ZARP tokens. 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 burned ✨

Where can I get ZARP?

ZARP is available from OVEX and is listed on a growing number of decentralised exchanges (DEXes) such as Uniswap. We are constantly working to have ZARP listed in more places, so watch this space!

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.