Introduce

Despite the growing attention, the adoption of cryptocurrencies has yet to gain popularity in the country and around the world. The growing popularity of cryptocurrency has made it a major financial asset that is subject to intense interest and speculation by everyone. However, it is essential to evaluate the following criteria: when making this choice: safety, reputation, liquidity, accessibility, and whether the crypto exchange of your choice supports quick and easy crypto deposit and withdrawal options easy no.
Like every other major company in the world, Zenchain was created to be able to break through the existing barriers and data warehouses created by the business model and open up its global reach. However, in Zenchain, we can see some advantages that todaycompanies do not have, or do not do well. What is the advantage here, let find out through the analysis below. The Zenchain Platform is a Blockchain-based platform with a vision to take blockchain technology to the next level. Full authority, improved transaction speed and low costs, improved deployment speed, improved security, and more. It is a related general purpose blockchain network and can be applied to different areas in Blockchain.
The developer designed the further development of the blockchain architecture. A true blockchain delivers the promise that all blockchains aspire to. One that provides the highest level of resistance to attacks. Someone who values the ecosystem of contributors.

So what is Zenchain Protocol?

ZenChain is a dedicated blockchain specially optimized for DeFi and NFT applications. And especially, with ZenChain, your NFT can use it as collateral in Defi to make a loan or bet on a pool to earn more tokens…
Zenchain mission is to provide everyone (and in the future, machines and devices) with seamless access to decentralized finance (DeFi) with special non- fungible tokens (NFTs). . For that purpose, we are introducing ZenChain, a dedicated blockchain dedicated to decentralized finance (DeFi) specifically for non-fungible tokens (NFTs).

As mentioned at the beginning, many companies are having difficulty in trading as well as many other problems, including the big ones like ethereum, which are high transaction fees and congestion in transactions. Smart contract vulnerabilities are a major cause of problems for many DeFi projects. If there is the slightest mistake in the smart contract code, it can lead to loss of money. Insurance protects investors in the event of hacking or other fraudulent activities. Insurance plays a very important role in centralized finance while it is rarer in DeFi.

The Zen token is the native token used as the fuel for all transactions on the Zenchain protocol. It has a maximum supply of hundreds of millions. Use cases for ZEN include but are not limited to typical protocol governance, exchange fee value collection, derivatives collateral, liquidity mining, and staking. Further details on each of these use cases can be found below. For protocol governance, the ZEN token can be used to manage various components of the Injective side chain including the future protocol, exchange parameters, and protocol upgrades through the configuration DAO architecture.
After distributing the relayer reward, the exchange fee will go through a buyback event and burn directly to accumulate value for ZEN. This makes it easier to collect the exchange fee value. Another use case of the ZEN token is Mint, NFT auction and rental. To mint NFT or bid on the market, users will use ZEN to bid and pay fees. This will help save costs and minimize customer travel Provision of collateral for derivatives is one of the tasks of ZEN. ZEN will be used as an alternative to the stablecoin as collateral and market collateral. In some futures markets, ZEN can also be used to back collateral or insurance pool staking, where bettors can profit from their locked tokens.
To ensure the security of ZenChain, ZEN secures Proof-of-Stake (PoS) based on Tendermint. ZenChain will incentivize nodes to staking ZEN and participate in the consensus of the ZenChain network with block rewards.

Defi characteristics underpin the development of Zenchain

Cryptocurrencies and Decentralized Finance (DeFi) provide a way to get started with a new system, overcoming the difficulties encountered in changing the financial industry. When it comes to investing in cryptocurrencies, crypto investors can buy and sell, but that all. their crypto assets. The potential is huge to offer financial services in cryptocurrencies, the same way they are offered in fiat. DeFi has grown rapidly, from around $600 million in total value locked (TVL) in early 2020 to over $42 billion in February 2021, with the most capitalized use cases being in world lending. mortgages, which account for about 48% of TVL, and decentralized exchanges (DEX), which account for about 34% of TVL as of January 2021. In turn, this increase results in 24-hour volume on the money-asset exchange decentralized cryptocurrency, surpassing large centralized crypto asset trading volume for the first time.

Evolution of NFTs in Zenchain Protocol

NFTs are tokens that ZenChain can use to represent ownership of unique items. Imagine this is a pear or leveling item in traditional games, with NFT your power in Defi will be upgraded and make you have some special benefits over others without NFT-Fi.
It incentivizes people to contribute directly to the ecosystem and benefit by staking their NFTS, defi strategies that have turned people into millionaires in the Defi space and using Defi to create NFT-Fi

ZenChain is a project at the forefront of technology development because currently there are very few cryptocurrencies in the world that can do this. In this article, I would like to confirm to you that the information is completely accurate and true because the leader of the ZenChain team himself spoke up to verify it. Besides, on some social networking sites of ZenChain, NFT and Defi have posted information about it.
The special feature of ZenChain is full support for NFT and cross-chain Defi.
ZenChain allows NFT holders to be more powerful with their NFT, just not collectible, users can put their NFT as collateral in lending and lending app and can borrow some tokens report can be substituted (ERC20, BEP20, TRC20…) to use a different defi strategy.
The price of the NFT is determined by the Auction system. That means only users and NFTs using the ZenChain auction system can use their NFTs as collateral.
In addition, ZenChain allows users to borrow up to 50% of the highest bid when customers Use NFT as collateral.

TEAM

In brief

As noted earlier, market inefficiencies occur as a result of disrupted crypto exchange operations. With the exception of smaller, low-volume exchanges, which tend to track the prices of older cryptocurrency trading platforms, most exchanges have in-house price detection systems. Cryptocurrency exchanges continuously update the official price of a given crypto asset according to the most recent price at which the asset was bought or sold on their platforms. Therefore, depending on the supply and demand of a certain digital asset at a particular time, the price of a cryptocurrency on many markets may vary. Cryptocurrency arbitrageurs bear a lot of this risk as they are required to keep crypto assets in wallets provided by crypto exchanges. For this reason, you should find a reliable platform to trade and Zenchain is your best choice. Let's develop this project with me

► For more details, please visit the link below:
Web: https://zenchain.co/#/
Facebook: https://www.facebook.com/Zenchainoffi...
Telegram Channel: https://t.me/Zenchainofficial
Twitter: https://twitter.com/zenchainco
Github: https://github.com/zenchainprotocol
► AUTHOR:
Forum Username: Peetershyns
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2727642
Proof of Authentication: https://bitcointalk.org/index.php?topic=5336756.msg57051608#msg57051608
ERC-20 wallet address: 0xe7F6dD46B3B3691Fdaaa60E72867e9Fb96cd1A55
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► Disclaimer
The video is for informational purposes only and is not a call to action.
⚠️ All responsibility for the safety of your funds rests solely with you.
⚠️ I am not responsible for your decisions.