Within ZOS ecology, the role is a concept with vital importance. Different roles perform different functions and enjoy their respective rights.According to the various ecological hierarchy, we have roles of consumer, contributor and governor.Among them, the role of consumer stands for those who enjoy ZOS financial services.Contributor includes block producer, worker, operator and gateway.Governor includes committee, sub-committee and budget committee.
Those who participate in ZOS ecology or have financial demands can enjoy lending, exchange and other services. Users can create a cryptocurrency account to access them, and benefit from building assets on blockchain and inviting friends into the ecology. Each user holding ZOS token can have the right to vote for community leaders.
The bookkeeping nodes in ZOS ecology, provide servers according to the requirements of platform, package blocks generated, and deploy node programs. Block producers are voted on by ZOS holders in order. In the initial phase, 10 ZOS tokens will be awarded to package a block.
Each community contributor who submits proposals and solves problems can be a worker in ZOS ecology. Worker can initiate a budget proposal and gain regular token rewards from the budget pool if the proposal is passed.
Financial institutions with lending license can join ZOS and provide users with services like lending and exchange. Qualified institutions can submit the application to ZOS platform to be an operator. They need to fill out their web link and mortgage a certain amount of ZOS tokens, after which a proposal will be sent to the committee. If approved, after completing the background identity docking and placing the website on blockchain, the operator can receive a certain proportion of fee return from users when they are using the operator’s website (see the cost distribution table). Operator can also initiate a proposal to modify the business parameters on blockchain, which will take effect after the sub-committee vote it through.
Compliant financial institutions can join ZOS and offer an access to fiat or crypto currency. Qualified institutions can submit the application to ZOS platform to be a gateway. They need to fill out the gateway server address and mortgage a certain amount of currencies they are responsible for, after which a proposal will be sent to the committee. If approved, after completing the background identity docking, the gateway can handle user’s request of recharge and withdrawal (see the gateway operation procedure) and receive a certain proportion of fee return from users when they are using ZOS services (see the cost distribution table).
In ZOS committee, there are eleven active members who are the community managers voted on by ZOS Token holders in order. Committee member own the right to adjust the basic system parameters (like level of the service fee, mortgage parameter, mandatory liquidation, etc.). The member shall initiate a modification proposal and submit it to the committee. If it’s approved, the blockchain system will implement the proposal automatically through smart contracts. Besides, committee members can vote to authorize the sub-committee to manage the specific parameters on blockchain. Through these methods, the committee members manage the operation of the whole ZOS ecology.
As the manager for each business on blockchain, sub-committee members can initiate and audit a parameter-adjustment proposal. The proposal will take effect after all members vote it through . Without committee’s restriction, sub-committee can flexibly adjust the specific business parameters and business model on blockchain. For example, in the lending scenario, under each kind of fiat currencies there will be a sub-committee responsible for the lowest interest rate, risk margin, and loan parameters, repayment parameters, service fee and overdue payment parameters.
Members of the budget committee take charge of reviewing the budget proposal and managing the budget expenses. ZOS holders can apply to be the candidates, from which committee members will be voted on by all ZOS users. The budget committee can vote to decide whether a Worker’s budget proposal go through or not. If yes, the budget expenses will be sent to Worker’s address periodically. Members can also monitor the actual implement progress of Worker and vote to suspend the budget proposal if there is anything wrong of the project. Through auditing proposal implement and managing budget expenses, the committee can drive the intelligent evolution of the community to make it a self-developing financial ecology.