Owning ZPAY: Uses, Storage and Risks

ZoidPay describes itself as a crypto-payments company, with products for shopping, wallets and merchant payments. Its listed offerings include a browser extension for shopping, a marketplace app, a non-custodial wallet and crypto cards. The company also describes tools for businesses to connect wallets and exchanges and provide liquidity.

That does not establish what ZPAY itself is required for. ZoidPay’s product description does not specify whether the token is needed for payments, cashback, staking, loans or any other feature. Treat those product functions as separate from ZPAY unless the project gives clear terms showing how the token is used. Before relying on ZPAY for a service, check whether that service is currently available and whether it explicitly accepts or requires the token.

ZPAY is issued on Viction and MultiversX; it is not identified as the native token of either chain. A token can exist on more than one network, so choosing the correct network matters when you receive, send or store it. A transfer sent using an unsupported network or token format may not arrive in a wallet you can access.

Use a wallet only after confirming that it supports ZPAY on the specific network you intend to use. ZoidPay describes its own mobile wallet as non-custodial, but that alone does not confirm its current support for every ZPAY version. Check the token network and official contract or asset identifier against a trusted project channel before adding it. Do not rely on a token name or ticker alone: unrelated assets can use the same name or symbol. Never send a test amount until you have checked the destination wallet’s network support and any transfer requirements.

As of 2026-11-08, reported ZPAY supply was about 615.2 million circulating, 699.8 million total and 700 million maximum. The total supply is close to the stated maximum, but circulating supply is lower; the difference matters when considering how many tokens may not yet be circulating. These figures can change, so check the current supply and how it is defined before making a decision.

Supply numbers do not tell you whether ZPAY has a specific utility or whether its payment products have active demand. They also do not guarantee liquidity: the reported 24-hour trading volume was about $505 on that date, a low figure that can make it harder to trade larger amounts without affecting the price. Avoid treating a supply cap as a price floor or a promise of future value.

For self-custody, use a wallet that supports the exact ZPAY network and asset format you hold. Keep your recovery phrase offline, private and backed up in a secure place; anyone who obtains it may be able to control your funds. Check the receiving address and network before each transfer, and consider sending a small test amount first. A wallet’s non-custodial label does not protect you from mistakes or scams.

ZPAY carries several practical risks: its role in ZoidPay products is not clearly defined in the project description; assets on different chains can be confused; and low trading volume may make exits difficult or costly. Token prices can also fall sharply, and smart-contract, wallet or exchange problems can cause losses. Be cautious of unsolicited messages, fake support accounts and sites asking for your recovery phrase. Do not send tokens to an address just because someone promises a payment, cashback or investment return.