Terms
What ZecBit is
A venue for listing and settling Zcash Shielded Assets. It publishes a catalog of what exists and the hashes that prove it, and it does not publish who holds anything.
Who may use it
You must be eighteen or older, and not subject to sanctions that would make dealing with you unlawful, and not somewhere that prohibits what happens here. There is no account to open and nothing to approve: connecting a wallet proves you control an address, grants this venue no spending power, and can be undone by clearing one cookie.
What runs where
Assets are currently issued on a ZSA test network. Payments settle in shielded ZEC on Zcash mainnet. A mainnet claim for assets becomes possible when ZSA activates on mainnet; no date for that exists, and none is promised here. Anything you buy today is an asset on a test network paid for with real money, and you should read that sentence twice before you spend.
Custody
Settlement passes through an address this venue controls, one per trade, for roughly the length of one block. That is custody, briefly and by necessity: Zcash has no contracts, and atomic asset swaps need ZIP 228, which is a draft. Live exposure is published at /custody.
How a sale completes
Taking a listing reserves it for a fixed window and gives you an address to pay. The venue waits for a set number of confirmations before it delivers, because a payment that has not confirmed can still disappear. Pay after the window lapses and somebody else may have taken the item: the payment is then parked rather than lost, and returned or applied by hand. Both the window and the confirmation count are shown at the time and may be tuned; they are operational settings, not promises.
What it costs
Minting charges a flat venue fee, currently 0.008 ZEC per item, shown on the payment screen before you approve it. A resale settled here pays the venue one percent of the sale price. Both are taken at settlement, out of what the seller receives. Network fees are yours and are paid to Zcash, not to us.
Creator royalties
A creator sets a royalty when the collection is published, capped at ten percent, and it binds every later sale of every item in that collection. It is applied by this venue at settlement — not by consensus, and not by the asset. A transfer that never touches this venue pays nobody, and no honest party can claim otherwise about shielded assets. The figure in force is shown on the collection.
If you publish a collection
You state that you hold the rights to what you publish and that issuing it here infringes nobody. You choose the supply, the artwork, the descriptors and the royalty, and you choose them once: publishing freezes them. If a claim arrives about your collection it is your claim to answer, and the practical remedy available to us is delisting.
What buying gets you
The asset, and whatever rights its creator has separately granted with it. Unless the creator says otherwise somewhere you can read, a purchase moves the asset and not the copyright in the artwork. This venue conveys nothing of its own and warrants nothing about the artwork behind an asset.
What cannot be undone
Issuance is permanent. Once a collection is frozen and minted, its descriptors and asset identifiers are fixed on chain and neither ZecBit nor the creator can alter or revoke them. A shielded payment that has confirmed cannot be reversed by anyone, including us.
What may be removed
A listing or a collection can be delisted here — for a credible infringement claim, for content that is unlawful, or for behaviour that damages the venue. Delisting removes it from this catalog. It does not remove it from the chain, because nothing can.
No advice, no promises about value
Nothing here is investment, tax or legal advice, and nothing on this site is an opinion about what anything will be worth. Prices are what other people paid. Assets bought here may become worth nothing, and the network they live on may change in ways nobody here controls.
What we do not warrant
The venue is provided as it is. Zcash, wallets, indexers and price sources are outside our control, and so are outages in them. We do not promise that the site is available, that a scan is current, or that a chain will behave as it did yesterday. Where the law allows a limit on what we owe you, our liability is limited to the fees you paid us for the trade the claim is about.
Changes
These terms can change. The date at the top of this page is the version, and it moves only when the words do. Continuing to use the venue after a change is how you accept it; if you do not, stop using it — there is no account to close.
Ownership is private by default. Prices are known only to the parties involved.
