Azit PriceAZIT

What is Azit (AZIT)?

Azit (AZIT) is a blockchain-based point integration platform designed for the real estate and home/living services sector. Built on the Klaytn mainnet, the project uses distributed ledger technology to improve settlement transparency and enhance data management efficiency across residential service transactions. AZIT serves as the native utility token that connects various partner platforms, allowing users to exchange loyalty mileage points for AZIT tokens and then use them within the broader Azit ecosystem. The token was created in June 2021 and audited by Hexlant, with a CertiK rating of 3.3. AZIT has a total and maximum supply of 500,000,000 tokens, with approximately 458.33 million in circulation, representing roughly 91.67% of the total supply. The project is currently in an expansion phase, growing its Azit Alliance network of real estate, housing, and IoT partners.

Key Specifications & Tokenomics

• Name: Azit
• Ticker / Symbol: AZIT
• Blockchain / Mainnet: Klaytn mainnet
• Token Standard: Klaytn-based token
• Category: Klaytn Ecosystem, Real Estate & Home Services
• Token Creation Date: June 2021
• Total Supply: 500,000,000 AZIT
• Max Supply: 500,000,000 AZIT
• Circulating Supply: 458,333,313 AZIT
• Token Allocation: 25% partner companies, 25% marketing, 20% foundation, 5% long-term operation and development
• Auditor: Hexlant
• CertiK Rating: 3.3
• Block Explorer: kaiascan.io
• Official Website: azit.partners

Who created Azit?

Azit was founded by experts from major IT companies, including Samsung, SAP, and Nexon. The CEO is Terry (Sungmin Park), an IT service expert with over 15 years of experience in business strategy, investment, fund operation, public relations, and marketing at companies such as Nexon, Com2uS, and Dabang. He is recognized as a leader in both the gaming industry and proptech. The COO is described as a Business Strategic Planner. Detailed public information about the remaining core team members is currently limited.

How does Azit work?

Azit operates as a point integration platform that leverages blockchain-based distributed ledger technology to enhance settlement transparency and improve data management efficiency. Partner companies such as Ziptoss, Trustay, and MarketB are interlocked with the Azit DAPP. Users can exchange their mileage points earned from these partner services against AZIT tokens. Once exchanged, AZIT tokens can be used to access services within the ecosystem or converted into fiat currency. The platform is built on the Klaytn mainnet, which provides the underlying infrastructure for fast and transparent transactions. The Azit Alliance forms the collaborative network where real estate, moving, cleaning, house designing, laundry, pet, house insurance, and other residential service providers can participate and benefit.

What makes Azit unique and valuable?

Azit distinguishes itself by focusing specifically on the real estate and home/living services sector, an area where traditional loyalty point systems are often fragmented and inefficient. By integrating mileage points from multiple partner companies into a single blockchain-based platform, Azit creates a unified rewards ecosystem that enhances user convenience and settlement transparency. The project has formed strategic partnerships with established Korean companies such as Ziptoss, Trustay, and MarketB, which provides real-world utility and adoption potential. The use of Klaytn mainnet ensures fast transaction processing and low fees. Additionally, the token has been audited by Hexlant and holds a CertiK rating of 3.3, demonstrating a commitment to security and transparency. The Azit Alliance model encourages ecosystem growth by allowing diverse residential service providers to join and offer benefits to users.

What is Azit used for?

AZIT is the native utility token of the Azit platform and serves multiple functions within the ecosystem. It acts as a key currency for various services' mileage points, enabling users to exchange partner company mileage points for AZIT tokens. Users can also change their mileage into AZIT tokens and exchange them for fiat currency. The token facilitates participation in the Azit DAPP, where users can access services in need after exchanging their points. Additionally, AZIT is used within the Azit Alliance ecosystem, allowing users to benefit when using real estate, moving, cleaning, house designing, laundry, pet, house insurance, and many other residential services. The token allocation includes 25% for partner companies related to real estate, housing, and IoT, and 25% for marketing activities such as sign-up rewards, event participation, and mission achievements.

How Is the Azit ecosystem developing?

The Azit ecosystem is steadily expanding through the Azit Alliance, which forms a collaborative network of real estate, housing, and IoT partner companies. So far, Ziptoss (a real estate service), Trustay (a real estate rental and asset management platform), and MarketB (a home and living e-commerce platform) have joined the ecosystem. The platform is designed to interlock with the Azit DAPP, where users can exchange points and access various residential services. AZIT was first listed on KLAYswap on February 7, 2022, followed by MEXC on March 19, 2022, and Bithumb on December 16, 2022. The project continues to expand its partner network and service offerings, with a focus on strengthening the ecosystem through strategic collaborations and platform development. The introduction of a new mascot, AIZI, reflects ongoing efforts to build brand identity and community engagement.

How to mine Azit?

Azit (AZIT) is not a mineable cryptocurrency. It is a utility token built on the Klaytn mainnet, which operates on a different consensus mechanism than traditional proof-of-work blockchains. There is no mining process for AZIT tokens. Instead, tokens are allocated according to the project's tokenomics structure, with distributions designated for partner companies, marketing activities, foundation operations, and long-term platform development. Users can acquire AZIT tokens by exchanging mileage points from partner services through the Azit DAPP, or by purchasing them on supported cryptocurrency exchanges. Staking or other earning mechanisms may be available through the platform, but specific details about staking programs are not publicly specified in available references.

How to keep your Azit Coin safe?

Keeping your AZIT tokens safe requires following standard cryptocurrency security practices. Since AZIT is built on the Klaytn mainnet, it can be stored in wallets that support Klaytn-based tokens. Always use reputable wallets and verify contract addresses before conducting transactions. Enable two-factor authentication on any exchange accounts used to trade AZIT. Store the majority of your holdings in a hardware wallet or a secure non-custodial wallet rather than leaving them on exchanges. Keep your private keys and seed phrases offline and never share them with anyone. Be cautious of phishing attempts and fake websites that mimic official Azit platforms. Regularly check the official Azit website and verified social media channels for updates and security announcements. Before interacting with the Azit DAPP or any partner service, ensure you are using the official URL and confirm the contract address matches the one listed on trusted sources.