Sustainable software development relies on a constant maintenance of the whole system, which includes different stages of planning, building and testing, as well as technical monitoring of the system. All these stages are combined into a single process, the Software Development Life Cycle (SDLC). For businesses that generate revenue from building software solutions, SDLC has remained a priority.
Zanfau Ltd., a management and application security consulting firm proposes a cryptocurrency model for IT-businesses to help enhance employee motivation and engagement. In this regard, Zan Coin will be used as a means of monetary incentives for successful accomplishment of each phase in the SDLC structure. The established mechanism will relate the currency value to the business success, in particular, to the sales growth.
Motivating employees for business use
The ultimate objective of the project is to drive revenue for businesses. Investors and developers who are working on particular project, will be paid in Zan Coin. In this regard, software developers and investors will be rewarded with Zan Coin on a monthly basis. The primary Zanfau's development focus is on converting its existing business model into the crypto-based platform. With adoption of the own currency, developers seek to introduce a participatory approach aimed at:
Total income will be sharply divided between Zan token holders and the company. The following scheme can be seen as a rough approximation of the proposed business model:
Zan Coin is a system that stimulates business efficiency, and as such it is given technologies and dedicated resources in the field of the software development. The buy-back system for Zan coins is an essential solution within the framework. Customers will pay for provided product in fiat money, so there is a need to redeem coins from the market. This will allow for paying dividends and developers.
Token Sale Plan
Zan Token is a main driven force for the crypto economy of the ecosystem, based on ERC20-Ethereum protocol. They can be stored as investment or converted into cash. Public ICO started on June 5, 2018 and will end on July 8, 2018.
Zan Coin is a means for software businesses to engage with their developers based on shared goals and monetary interest. This kind of interaction should create a specific bond between Zan Coin value and sales growth. As for employees, who might be freelance software developers as well as full-time team members, they will be able to generate the passive income, e.g., if they wish to store their assets.
Zanfau company is an example of a mature enterprise, that seeks ways for transition into the crypto market. While the motivation of the project is reasonably well understood, the strategy still lacks some detailed explanations on how the team intends to create a large base of cryptocurrency market participants and financial instruments to ensure the stability and convenience of the proposed model.
Links
Website: https://www.zancoin.tech/
WhitePaper: https://zancoin.tech/uploads/ZAN_Whitepaper.pdf
Telegram: https://t.me/zancoinofficial
Facebook: http://facebook.com/zancoin
Twitter: https://twitter.com/zan_coin
Medium: https://medium.com/@todor_16213
ANN: https://bitcointalk.org/index.php?topic=3255486.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.