Nowadays It is known to all that, people should be fully in control of their finances, which Cryptocurrency can assure as it is based on a simple premise like this. While it seems like a simple and obvious statement, the current systems are far from providing financial services that are truly under the control of the people who use them.
The mission of ZenChain is to give people (and in the future, machines, and devices) seamless access to decentralized finance (DeFi) with special non-fungible tokens (NFTs). For that purpose, the team is introducing ZenChain, a dedicated blockchain specifically for decentralized finance (DeFi) with special for non-fungible tokens (NFTs).
Token governance and use of funds
All funds in previous fundraisers were raised in stable coins and fiat currencies. The stable coin is either self custody and stored in multisig wallets, requiring at least 2 out of 3 signatures from the management team, or is stored with a qualified custodian. Funds will be utilized according to the allocations below:
● 50.00% Protocol Development
● 25.00% Business Development and Marketing
● 15.00% Operations
● 10.00% Legal and Accounting
The Use-Cases of Zen Token
The use cases of ZEN token include but are not limited to: protocol governance, exchange fee value capture, derivative collateralization, liquidity mining, and staking. Further details regarding each of these use cases can be found below.
● Protocol Governance: The ZEN token can be used to govern various components of ZenChain including the futures protocol, exchange parameters, and protocol upgrades via a DAO structure.
● Exchange Fee Value Capture: After the relayer reward distribution, the exchange fee will undergo an on-chain buy-back-and-burn event to accrue value for ZEN.
● Mint, Auction, Rent NFTs: To mint NFTs, or bid in the marketplace, users will use ZEN to bid and pay a fee.
● Collateral Backing for Derivatives: ZEN will be utilized as an alternative to stable coin as margin and collateral for markets. In some futures markets, ZEN can also be used for collateral backing or insurance pool staking where stakers can earn interest on their locked tokens.
● Exchange Participation Incentives: The foundation plans to incorporate a liquidity mining scheme and distribute a fixed number of ZEN tokens daily weighted by the liquidity each network participant provides.
● Tendermint-based Proof-of-Stake (PoS) Security: To ensure the security of ZenChain, ZenChain will incentivize nodes to stake ZEN and participate in the ZenChain network consensus with block rewards.
Use Of Token IDO Platform
ZenChain Token IDO is a decentralized incubator that helps promising projects achieve their full potential by leveraging the investment power and buzz-making potential of their community.
● The aim is to democratize access to investment opportunities that were previously available only to well-heeled investors and venture funds, opening up the closed ecosystem of early-stage crypto project investments to everybody.
● The platform allows cryptocurrency projects to raise funds by setting up a swap pool based on a fixed purchase rate for tokens. These so-called “Fixed Swap Pools” have many advantages for token sale investors over traditional fundraising models like ICOs, IEOs, and IDOs (Initial DEX Offerings). Fixed Swap Pools will maintain the token price throughout the sale until the initial supply is bought.
● With ZenChain Token IDO, decentralized projects will be able to raise and exchange capital cheaply and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.
Token Information
Token Name : ZEN
Token type : BEP20 & ERC20
Issuance price : TBA
Total Token Supply 1: 00,000,000 ZEN
Initial circ supply : 1,200,000 ZEN
Initial market cap : $360.000
Unsold/Unused token : Burn
ZenChain Provides you high throughput for all transactions and it is a safer, more secure blockchain specifically for decentralized finance. The rapid development of dApps for decentralized finance is another reason to choose it. Peace of mind that the blockchain is not used for any types of non-financial dApps, thus the decisions of Foundation and core developers are focused 100% on decentralized financial use-cases and nothing else. Think twice before choosing any other project except ZenChain.
Website :http://www.zenchain.co/
Medium :https://medium.com/zenchain-protocol
Twitter :https://twitter.com/zenchainco
Litepaper: https://docs.zenchain.co/
Telegram: https://t.me/zenchaingroup
Facebook : https://www.facebook.com/Zenchainofficial
Forum Username: B4btc
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2280631
BEP-20 Wallet Address: 0xB3F193FeD73A1072ba178846FCfbdEaD63EE6685
Proof of auth: https://bitcointalk.org/index.php?topic=5336756.msg57054668#msg57054668