Introduce

As known before, cryptocurrency is a product of technology, it not only makes transactions convenient and fast, but also helps us manage money and assets. most convenient and accurate.
Cryptocurrency tokens, on the other hand, work on a blockchain, they act as a means to create and support decentralized applications and smart contracts, and it is these tokens that make the exchange becomes possible. Translation becomes easier great that Zenchain Protocol incorporates these cross-chain features for the project. It seems investors are also excited to hear about it.
Overall, the advent of the cryptocurrency market has turned our economy on a new and better page. With Zenchain, I believe that will happen even more. Although it has not been in the cryptocurrency market for a long time, Zenchain has been developing very strongly, attracting many customers and making other cryptocurrency projects respect.

Currently on social networks there is some information that ZenChain allows customers to use NFT as collateral in Defi and Use Defi to mint NFT-Fi. Many people still sell doubt because if it is true, ZenChain is indeed 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 for you that the information is completely accurate and true because the leader of ZenChain himself spoke up to verify it. Besides, on some social networking sites of ZenChain, NFT and Defi have posted information about it.
Picture this as pear item or level up in traditional games, with NFTs your power in Defi will be upgraded and make you have some special benefits over others who dont have any NFT- Which fi.

ZEN token overview and use cases

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's 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 that 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.

Purpose of the Zenchain project

Among the most important energy sources of the foundation are the binance, palkadot, tron, and cosmos intelligent chains. In addition, the project currently has 17 partners in beta and I think the number of these partners will increase significantly. It started the beta phase of the project platform in April 2021 and I think it will complete the testing stages successfully soon. The aim of the Zenchain Protocol project is to create a platform that aims to further their activities by separating the functions on the blockchain into both defi and nft, while creating a single high volume of transactions. There will be a blockchain that will be specially optimized on the platform, and the platform will appear using a biological smart chain. Cross-chain logic will be one of the most important features. Following this cross-chain logic, ethereum, Binance smart chain and tron ​​etc aim to provide and support gbi bridge solutions. In addition, the platform supports technologies such as ZenChain, Cosmos, and EVM and complies with these agreements. 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).

ZenChain Auction is a marketplace for user-owned digital goods, including collectibles, game items, domains, digital art, and other assets backed by blockchain.
A core part of our vision is that open protocols like Ethereum and interoperable standards like ERC721 and ERC1155 will enable vibrant new economies where users actually own the digital commodity. this powerful brand new number. And web doing this with the help of a passionate community of users, developers, and creators.
With the Leasing marketplace, NFT holders do not need to sell their NFTs, but simply use them to rent out. Tenants can rent NFT for a short time to use in some special cases. Example: With some games, users rent NFT as wearable item to participate in some special campaigns, after they can return NFT for a small fee, they dont need to buy NFT with Higher price. NFTs are tokens that ZenChain can use to represent ownership of unique items. 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

Benefits of ZenChain

• Development of key applications for the DEFI and NFTs.
• High throughput for all transactions
• Safer, more secure blockchain specifically for decentralized finance.
• The rapid development of dApps for decentralized finance.
• Peace of mind that the blockchain is not used for any types of non-financial dApps, thus decisions of Foundation and core developers are focused 100% on decentralized financial use-cases and nothing else.
• The rapid development of dApps with dedicated calls specifically for finance applications.
• The minimal attack surface of financial smart contracts developed on the platform.
• Reliable governance
• Highly immutable – by periodic anchoring to the blockchain

And the most important part of Zenchain is its extremely efficient cross-chain solution. Helped many investors. They scale high throughput with Tendermint Power and are a pot bridge from the Ethereum information chain to create solutions in Defi and NFTs.

ZenChain is a scalable, high-throughput Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum. It is built using the Cosmos SDK which runs on top of the Tendermint Core consensus engine.

ZenChain allows for running vanilla Ethereum as a Cosmos application-specific blockchain. This allows developers to have all the desired features of Ethereum, while at the same time, benefit from Tendermint’s PoS implementation. Also, because it is built on top of the Cosmos SDK, it will be able to exchange value with the rest of the Cosmos Ecosystem through the Inter Blockchain Communication Protocol (IBC).

when I look at the market as a whole, I see many projects emerging as anonymous, although we certainly do not encourage investing in projects that are anonymous, know more characteristics such as personal name, activity they will do, where do they come from. This way, even though your investments aren't small, you'll know where you've invested your money and you'll have peace of mind knowing that your investment will pay off for you. It is not necessary to deceive the word too much for me. Now, if you want, let me start telling you about the Zenchain Protocol project and slowly start talking about the kind of research and features it will bring.
Surely through the above article, you have somewhat understood about Zenchain, and more specifically the development of NFT in Zenchain Protocol. This is one of the important points to pay attention to in this project, and if you want to invest in the project, it is even more necessary. I hope my article will be of help to you.

Website: https://zenchain.co

Whitepaper: https://docs.zenchain.co/

Twitter: https://twitter.com/zenchainco

Facebook: https://www.facebook.com/Zenchainoffi...

Telegram: https://t.me/zenchaingroup

Medium: https://medium.com/zenchain-protocol

Github: https://github.com/zenchainprotocol

Author - Menezespusse

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