Disrupting The World Of Smart Contracts Ecosystem By Zenland
Smart contracts are computer programs that can automatically execute the terms of a contract when certain criteria are met. For example, if you and another party agree to exchange an item for $10,000, a smart contract could be designed that would automatically release those funds once the item has been delivered.
Smart contracts are a key part of blockchain technology because they allow for transactions to be executed automatically, without the need for third parties. While smart contracts can be used for many things, their most common use is in financial transactions. They work because they are decentralized. No single person or entity owns or controls the system—it's owned by everyone who participates in it and no one can change it without everyone else knowing about it.
That makes them incredibly secure and reliable because there aren't any single points of failure in the system. You don't have to worry about someone getting hacked or things being lost in translation because everything is automated and transparent, which means you can track everything.
Zenland is a new way of doing things. It’s a new way of thinking about contracts and transactions, but it’s also a way of life. It’s a place for people who are tired of being told what to do and when to do it—and who want to be free to live their lives how they want to live them.
Let's start with how Zenland unique system works
The Zenland platform is a web3 network providing escrow, reputation, and marketplace functionalities. Using the Zenland fee token ($ZENF), users can pay for service fees on both escrow/escrow and marketplace contracts or have them paid by the platform.
$ZENF token provides a way for early adopters to benefit from the growth of the project, including receiving tokens as rewards for participation in hackathons, bug bounties, and other contribution programs. The token also allows token holders to participate in community-wide governance decisions and receive profit sharing from the escrow service fee.
Currently, there are many people who want to use smart contracts but don't know how to build them, or don't have the time and resources to do it themselves. The problem is that when you're creating a contract, you need to know what you’re doing, and have a lot of experience building code.
However, Zenland has created an easy way for anyone to create their own smart contracts on the blockchain. You can use our template system and just fill in the blanks with whatever information you want included in your contract—from a simple sale of goods between two parties to something more complex like a multi-party escrow agreement.
So, what are some of the benefits of using Zenland?
There are a lot of ways to execute an escrow contract. That's what Zenland does for you. This ecosystem use decentralized escrow service that uses smart contracts to store and execute funds. The benefits of this platform include:
Built-in escrow contract template
Contract management interface
Chat with transaction logs
Notification system
No third-party control or execution of contracts
Time lock funds in the contract stored on the blockchain, not someone's personal account
Zenland lets you create an escrow contract seamlessly, and with no KYC requirements—just like that! You can even set up your contracts to have the funds time-locked in the contract stored on the blockchain, rather than in someone's private account.
You can also transfer and release your funds in any universal stablecoin currency: USDC, USDT, DAI, or BUSD. And if you don't want to save all of your funds at once? No worries! You can set up partial escrow contracts for as little as $1 each.
Zenland also features a built-in contract template and an interface to manage them; along with notifications so that when people try to change things mid-contract (and trust us), you'll know about it immediately. And Zenland haven't even mentioned how easy it is for people to execute their contracts using our network-user interface synchronization system—both parties on either side of the deal can remain online throughout their transaction until it's completed.
Zenland ($ZENF) Fee Token Value
In the wake of the recent cryptocurrency market crash, it's more important than ever to support projects that are working on real-world applications and have a long-term vision. Zenland is one such project. The team behind Zenland has been working toward building their platform, and are excited to announce that their escrow and marketplace contracts have been fully released.
Here's what you need to know about Zenland:
Reduced fees: Did you know that when you use the Zenland platform, you can get a 50% bonus to your ZENF balance?
That's right—if you buy ZENF tokens, you'll be able to pay service fees for both escrow and marketplace contracts (and all other released types of contracts within the Zenland ecosystem) with them. The Zenland ecosystem uses a token called $ZENF to pay for fees on escrow and marketplace contracts. Adding ZENF to your internal wallet gets you a 50% bonus on your balance.
Community rewards: The community rewards program is designed to reward early adopters of Zenland’s blockchain-based escrow and marketplace services. Early adopters will be rewarded with ZENF tokens in return for their support and engagement with the project. These tokens can be used as rewards for contributors who participate in hackathons and bug bounties, as well as airdrops to loyal supporters who help drive up the value of both ZENF tokens and the overall project.
DAO TGE benefits: When the Zenland DAO community is formed, all ZENF token holders will have priority access to governance token generation events and other DAO member benefits.
Conclusion
Zenland promise of bringing smart contracts to regular use, and enthusiastic at the prospect of this happening. Of course, there's still a lot to be done and find solution with Zenland. For one thing, you need to continue improving Zenland's smart contract template library, and also hope to add some new features for developers later on. For another, we'd like to see even more developers entering the Zenland platform so that they can help us continue its development.
More importantly, though, and looking forward to bringing smart contracts into general use among individuals, businesses, and vendors across the world. Doing that will take plenty of time and effort (and funding), but it will be worth it in the end.
For more information, please join and visit official website at:
Buy $ZENF token in presale: https://token.zen.land/
Zenland Website: https://zen.land/
Twitter: https://twitter.com/zenland_app
Telegram channel: https://t.me/zenlandapp
Telegram group: https://t.me/+IhAq7BOiIdU4MTAy
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