What is Azit (AZIT)?

Quick Facts

  • Blockchain: Built on Klaytn (now rebranded to KAIA)
  • Token symbol: AZIT
  • Launched: June 2021
  • Audited by: Hexlant
  • Sector: PropTech (property technology)
  • Core function: Unified loyalty point exchange across residential service partners
  • Trading: Available on KLAYswap DEX and centralized exchanges

Introduction

Azit (AZIT) is a blockchain-based point integration platform focused on real estate and home/living services. It allows users to convert fragmented loyalty points earned from partner companies into a single, interoperable token — AZIT — which can then be spent across the ecosystem or cashed out to fiat.

The project targets South Korea's fast-growing PropTech sector, where loyalty programs are typically siloed within individual platforms, leaving users with points that are hard to spend flexibly.

History & Background

Azit launched its token on Klaytn's mainnet in 2021, with a smart contract audited by Hexlant. It was developed under the Azit Alliance — a coalition of real estate, housing, and IoT partner companies that agreed to integrate their loyalty systems with the Azit platform.

Klaytn itself is a global public blockchain project originating from Kakao Group, one of South Korea's largest technology conglomerates.

How Azit Works

Azit operates as a blockchain application (BApp) on Klaytn, using a hybrid model. Partner companies maintain private, legacy loyalty systems on their own infrastructure. The public Klaytn mainnet is used for AZIT token transfers, ensuring transparency and data integrity.

Partners receive API integrations to connect their legacy systems to the Azit platform. Users can then swap their earned points for AZIT tokens via the Azit DApp (decentralized application), and do the reverse — convert AZIT tokens back into a specific partner's points or cash out via exchanges.

Tokenomics

AZIT is the central utility and exchange token of the ecosystem. It functions as a bridge currency — the medium through which fragmented points from different services become liquid and interoperable.

A portion of tokens is allocated to Azit Alliance partner companies in sectors like real estate, housing, and IoT, incentivizing ecosystem growth. Another allocation supports marketing and user acquisition efforts.

Circulating supply ? 444.44 million AZIT
Total supply ? 500.00 million AZIT
Max supply ? 500.00 million AZIT
Updated 11h ago

Ecosystem & Use Cases

Azit's partner network includes real estate platforms like Ziptoss and Trustay (a rental and asset management platform), as well as services such as MarketB. Users earn points from these services — rental transactions, e-commerce purchases — and can convert them into AZIT.

Redeemed AZIT tokens can be used across other ecosystem services, including cleaning, pet care, and other home-related categories, creating a unified residential lifestyle rewards loop.

Team, Governance & Community

The project is coordinated by the Azit Alliance, a governance and partnership framework that onboards companies into the ecosystem. Alliance members contribute to growing the platform and expanding its service coverage.

Community channels include Telegram, Twitter, Medium, and a Naver blog — primarily targeting a Korean-speaking audience while maintaining some English-language presence.

Advantages

  • Interoperability: Converts isolated loyalty points into a spendable, liquid token
  • Low fees and speed: Klaytn supports up to 4,000 transactions per second with minimal fees
  • Real-world utility: Tied to tangible services like real estate rentals and home care
  • Alliance model: Partner API integrations lower the barrier for companies to join

Risks & Challenges

  • Geographic concentration: The platform is heavily focused on the South Korean market
  • Partner dependency: Ecosystem value relies on continuous onboarding of active service partners
  • Competition: Other loyalty tokenization platforms compete for PropTech market share
  • Adoption hurdles: Mainstream users may find the point-to-token conversion process complex

Long-Term Vision

Azit aims to become the go-to residential ecosystem hub for tokenized loyalty rewards in the PropTech space. By expanding its Azit Alliance with more real estate, housing, IoT, and lifestyle partners, the platform seeks to make AZIT the default currency for everyday home-related services — reducing friction for both users and service providers in the loyalty rewards economy.

Frequently Asked Questions

Azit is a blockchain-based point integration platform for real estate and residential services built on Klaytn. It allows users to convert loyalty points from partner companies into AZIT tokens and use them across the ecosystem.

AZIT is built on Klaytn (now rebranded as KAIA), a public blockchain originating from Kakao Group in South Korea. Klaytn was chosen for its high throughput and low transaction fees, which suit frequent microtransactions.

Users earn points from Azit partner services such as real estate rentals or e-commerce. They can then use the Azit DApp to swap those points for AZIT tokens, which can be spent on other partner services or cashed out via exchanges.

The Azit Alliance is a coalition of partner companies in real estate, housing, and IoT that have integrated their loyalty systems with the Azit platform. Partners receive API access to connect their existing systems to the Azit ecosystem.

Partner services include real estate platforms like Ziptoss and Trustay, as well as lifestyle services such as MarketB, cleaning, and pet care. The goal is to cover the full range of home and residential living needs.

AZIT tokens are available on the KLAYswap decentralized exchange and on centralized exchanges including MEXC and Bithumb, the latter of which offers KRW trading pairs.

The AZIT token was first created in June 2021 on Klaytn's mainnet and was audited by blockchain security firm Hexlant.

Azit focuses specifically on the PropTech and residential services sector, using a hybrid blockchain model that bridges partner private loyalty systems with the public Klaytn chain. This sector-specific focus and alliance model differentiate it from general-purpose loyalty token platforms.