Zenchain Protocol: A Dedicated Blockchain That Is Optimized Specifically For DeFi And NFTs
A Dedicated Blockchain That Is Optimized Specifically For DeFi And NFTs
What is Zenchain?
As far as learning about this project, I learned that this is a special blockchain dedicated to Defi and especially NFT, one of the very popular trends in the market recently. By focusing on blockchain functionality and dedicated to Defi and NFT, ZenChain provides high transaction throughput that is not easily seen on projects in the crypto space, with reduced risk of errors and development special intelligence to perform financial services for both fungible tokens and NFTs on the blockchain. ZenChain offers several solutions to solve the problems users are facing in this market:
1. Scalable, high-throughput Blockchain with Tendermint Power
2. Bridge from Etherum, Tron, Binance smart chain make cross-chain Defi and NFTs solutions.
3. Decentralized pricing oracles built-in
4. DeFi primitives built-in: Dex, Lending & Borrowing, token IDO, insurance.
5. Non-fungible Token applications like mint, auction, rent NFTs
6. NFTs X DEFI: bring the power of NFTs to Defi ecosystem and Defi to NFTs
There may be many people who are skeptical about their ability to see that many projects have also come up with a lot of solutions to the problems that users face in this market, but I am sure that the information that I share will continue. Following will make you more secure about this project. As far as I know, this project has attracted attention and support from many large projects and large investment funds in the pastime, I have heard about them when they are supported a lot as major platforms are on the market like Etherum, Polkadot, Binance smart chain, Tron, and more… And recently they have also sold tokens on IDO platforms, and they all have very successful results and if I accept Is not mistaken, this project is really one of the hidden gems in this market. And I believe the coming time it will get explosive when the launch time is coming.
Tokenomics
Token name : ZEN
Token type : BEP20
Total supply : 100,000,000
The use cases intended for ZEN include but are not limited to:
1. 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.
2. 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.
3. Mint, Auction, Rent NFTs: To mint NFTs, or bid in the marketplace, users will use ZEN to bid and pay a fee.
4. 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.
5. 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.
6. 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.
Team
Conclusion
ZenChain finance will allow users to interact freely with products between other networks. ZenChain will offer reliable and efficient staking, swapping, farming, pooling, lending, NFTs and borrowing services. The project will help traders and investor incur profits with fewer hurdles.
Media social
WEBSITE : http://www.zenchain.co/
LITEPAPER : https://docs.zenchain.co/
TELEGRAM GROUP : https://t.me/zenchaingroup
TELEGRAM CHANNEL : https://t.me/Zenchainofficial
TWITTER ; https://twitter.com/zenchainco
FACEBOOK : https://www.facebook.com/Zenchainofficial
GITHUB : https://github.com/zenchainprotocol
MEDIUM : https://medium.com/zenchain-protocol
Author
Name: Adel Bather
Profile link: https://bitcointalk.org/index.php?action=profile;u=2769380
Address: 0x6AA74a43b8c8285ffEaC9621E1d12f565869990e