EVZ EV Charging Platform

Project Concept

EVZ aims to optimize electric vehicle (EV) charging infrastructure by:

• Transforming private-use charging points into publicly accessible stations, fostering a shared economy and developing low-cost public-use charging points.
• Preventing anti-competitive behavior and charging point abuse by introducing a token-based incentive system that rewards or penalizes users based on participation behavior.
• Enabling roaming services, allowing users to seamlessly charge their EVs across multiple networks.
• Implementing Vehicle-to-Grid (V2G) technology, enabling EV batteries to store and return electricity to the grid.

Physical & Digital Infrastructure

The EVZ platform consists of:

• Physical Components: Blockchain-optimized EVZ module, Bluetooth module, OPT encrypter, and EVZ coin validation device installed on charging stations.
• Digital Interface: A smart device application that allows users to find charging stations, initiate charging sessions, and make payments.

Charging Process

1. Check charging point information through the app.
2. Request payment.
3. Transfer EVZ coins.
4. Begin charging once payment is processed.
5. User receives electricity, and the provider receives tokens.

EVZ Dual-Token System

• VZ Point (WATT): A fixed-value utility token ($0.1 USD per token) used for charging services. Can be purchased via cash or credit card but is not tradable on the open market.
• EVZ Token (VZT): An ERC-20 cryptocurrency used for payments, rewards, and governance. Tradable on exchanges, it plays a role in staking, as businesses must hold and stake EVZ tokens to participate in the platform.

Web3 Funding Model

Funds for the EVZ project were raised through a token sale, although the exact amount remains unclear. However, according to the whitepaper, the total supply of EVZ coins was distributed as follows:

• 35% – Allocated for sale during the token sale (33% private sale, 2% public sale). Proceeds were used to establish the Initial Fund for early-stage development.
• 20% – Reserved for market operations and advisors, with a three-year lock-up period.
• 15% – Held by EVZ Foundation Ltd., with a three-year lock-up period.
• 15% – Kept as a reserve for emergency situations.
• 10% – Allocated to the EVZ team, subject to a 30-month lock-up period.
• 5% – Available within the ecosystem for operations and incentives.

VZT Token Exchange Listings & Trading Activity

EVZ tokens have been listed on multiple exchanges:

• Feb 13, 2019 – Listed on Bitsonic (Closed)
• Nov 26, 2020 – Listed on Gopax (Active)
• Dec 7, 2020 – Listed on Bithumb (Active)
• Sep 22, 2022 – Listed on Digifinex (Closed)
• Currently Available on Uniswap

Token releases have been occurring periodically, with the latest in 2024: Xangle Disclosure
Further token details:
CoinMarketCap: EVZ Profile
Etherscan: EVZ Contract

Team, Marketing & Community

Team

• CEO: Anne Yoo.

Community & Marketing Efforts

EVZ’s community presence is accessible through linktr.ee/electricvehiclezone. Activity is low, but the platform is still operational.

Conclusion

A deeper look into EVZ’s online presence and corporate structure reveals concerning patterns that raise serious questions about its legitimacy. Below is a structured analysis of key findings that highlight deceptive practices, potential misrepresentation, and financial irregularities.

A legitimate project typically has a transparent team with verifiable credentials. However, after examining the LinkedIn profiles of individuals associated with EVZ, several red flags emerged:

Lack of Verifiable Team and Advisors

• No LinkedIn Mentions – None of the listed team members had any reference to EVZ in their work history. Even high-ranking executives had no activity related to the project.
• Deleted Online Presence – EVZ’s YouTube videos were removed or set to private, and the project’s Telegram group was also deleted. Archived records confirm their prior existence, but there are no recent updates (Wayback Machine Archive).
• Fraudulent Advisor Listing – The project claimed Giorgio Rizzoni as an advisor. Upon direct contact, Rizzoni confirmed he had no affiliation with EVZ. His name and credentials were used without consent — a blatant act of misrepresentation.
• Suspicious Team Members – The archived version of EVZ’s website from 2019 listed 10 team members and 3 advisors. Upon investigation:
  • Many had no LinkedIn presence at all.
  • Some profiles were nearly empty, lacking recommendations, publications, or professional activity—highly unusual for PhD holders and industry experts.
  • A few profiles appeared bot-like, with no substantial work history or engagement.
  • Example: Woong-chul Choi, listed as a team member, has a LinkedIn profile (Woongchul Choi), but no mention of EVZ or relevant contributions.

These findings suggest that EVZ either fabricated its team or presented individuals with little-to-no involvement in the project, misleading potential investors and partners.

Questionable Corporate Identity Changes

Another alarming issue is the shifting corporate identity of EVZ, which appears to be a rebranded version of a previous company:

Corporate Name Changes:

1. 2018: CHARZIN GLOBAL PTE. LTD. was registered in Singapore.
2. 2019: EVZ launched its token sale (Medium Post).
3. 2024: CHARZIN rebranded as VZ GLOBAL PTE. LTD.
4. Later in 2024: The company switched its name back to CHARZIN, seemingly erasing EVZ from public records.

This pattern of renaming raises concerns about corporate identity laundering—where companies change names to avoid scrutiny while retaining old business relationships and partnerships.

Shell Company Structure:

• EVZ was operated under VZ GLOBAL PTE. LTD., registered at a virtual address in Singapore with a paid-up capital of just $1 (Company Records).
• This suggests it was likely a shell company, designed to minimize liabilities and obscure financial activities.

False Partnership Claims. Hubject, a known EV industry partner, was falsely listed as an EVZ partner. In reality, Hubject had previously collaborated with CHARZIN but publicly denied any association with EVZ (Hubject Blog). EVZ likely leveraged CHARZIN’s past partnership with Hubject to create an illusion of legitimacy.

Suspicious Token Sale and Financial Irregularities

EVZ’s token sale, which began on January 7, 2019, also raises significant concerns:

• Lack of Transparency – There is no clear documentation on how funds from the token sale were used.
• Poor Token Performance – The EVZ token has plummeted by 99% in value, and trading volume is nearly nonexistent.
• Manipulative Corporate Restructuring – The frequent name changes suggest an attempt to erase financial records and mislead investors about past failures.
• Potential Money Laundering – Given the questionable team, unverifiable partnerships, and lack of transparency, funds may have been collected and laundered through corporate restructuring (CHARZIN → EVZ → CHARZIN).

Delayed Deletion of Key Documents and Lock-up Policy Confusion

EVZ’s handling of its lock-up policy changes further complicates its credibility.

• In 2019, the original whitepaper stated that all 8.3 billion EVZ tokens would be released by February 28, 2025, with 25% unlocking every six months.
• In 2021, the team changed the lock-up schedule, reducing the number of tokens to be unlocked to 2.25 billion by 2025 (Announcement).
• However, conflicting documents remained online, causing confusion about the actual token release schedule.
• The team later removed the updated whitepaper (published on February 18, 2025), further obscuring key information.

This inconsistency in token release information raises concerns:

• Was the reduction in circulation an effort to artificially inflate token value?
• Why remove the updated whitepaper if the 2021 policy is still being followed?
• Lack of clear documentation and transparency on token supply suggests market manipulation.

Conclusion: A Pattern of Deception

Based on the findings, EVZ exhibits multiple signs of being a deceptive project. The lack of a verifiable team, misleading partnerships, and corporate identity laundering indicate an effort to obscure its true nature. EVZ presents substantial investment risks.

Projects with genuine potential prioritize transparency, regulatory compliance, and verifiable leadership. In contrast, EVZ has demonstrated a history of misleading information, financial opacity, and questionable restructuring.

Further Investigation is Required

Moving forward, further inquiries should focus on:

• Confirming whether Hubject had knowledge of the CHARZIN → VZ GLOBAL → CHARZIN transition.
• Investigating the flow of funds from the EVZ token sale.
• Identifying any potential legal actions taken against the company.
• Clarifying inconsistencies in the token lock-up policy and whether the reduction in circulating supply was meant to mislead investors.

Given these findings, extreme caution is advised for anyone considering an investment or partnership with EVZ.

This material was prepared in collaboration with Dionysios Tanasidis, an expert in digital asset analytics.