INTRODUCTION TO ZENCHAIN PROTOCOL PROJECT
I.WHAT IS ZENCHAIN?
The cryptocurrency industry is based on a simple premise: everyone should be in complete control of their finances. While it may seem like a simple and obvious statement, current systems are far from providing financial services that are actually within the control of those who use them. ZenChain’s mission is to provide everyone (and in the future, machines and devices) 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 is a dedicated blockchain specially optimized for DeFi and NFT applications. The ZenChain Foundation is developing ZenChain, a blockchain specifically dedicated to decentralized finance (DEFI) applications and tokens. non-replaceable (NFT). By focusing on blockchain functionality and dedicated to DEFI and NFT, ZenChain provides unprecedented high transaction throughput, reduced risk of errors, and developed special intelligence to perform financial services. for both fungible and non-fungible tokens (NFTs) on the blockchain.
II.WHEN WILL ZENCHAIN SHOW AND WHERE IS IDO STARTED?
As planned, testnest will launch in April 2021. About mainnet and product will be announced later on our social channels, our network/blockchain contributors will be rewarded.
ZenChain Token IDO is a decentralized incubator that helps promising projects reach their full potential by leveraging the investment power and buzzing potential of the project community.
The platform allows crypto projects to raise capital by setting up a swap pool based on a fixed rate of token purchase. This so-called “Fixed Swap Pool” has many advantages for investors selling tokens compared to traditional fundraising models like ICOs, IEOs, and IDOs (Initial DEX Offerings). The fixed swap pool will maintain the token price throughout the sale until the initial supply is purchased.
With ZenChain Token IDO, decentralized projects will be able to raise and exchange capital cheaply and quickly. Users will be able to participate in a secure and compliant environment and use assets far beyond the current ERC20 standard.
III. ABOUT THE PROBLEM AND SOLUTIONS OF THE ZENCHAIN PROJECT ?
1) First, we must be clear about what DeFi is. DeFi, in its ideal form, exhibits four characteristics.
• First, non-custodial financial services allow participants to take full control of their funds at any time.
• Second, DeFi’s permissionless nature allows anyone to interact with financial services without having access censored or blocked by third parties.
• Third, DeFi is publicly verifiable, which means anyone can check the status of protocols — for example, that they are completely collateralized/sane
• Fourth, financial services can be arbitrarily created so that new financial products and services can be created similar to how one can form new Lego models based on on a few basic building blocks.
2) ZenChain’s solution:
ZenChain offers several solutions to this problem:
- Scalable, high-throughput blockchain with Tendermint Power
- Bridge from Ethereum, Tron, and Binance smart chains to create cross-chain Defi and NFTs solutions.
- Integration of decentralized valuations
- Built-in DeFi primitives: Dex, Lending & Borrowing, IDO token, insurance.
- Irreplaceable Token applications such as minting, auctions, NFT rental
- NFTs X DEFI: bring the power of NFT to the Defi ecosystem and Defi to NFTs.
3) About ZenChain’s Core Features and Cross-Chain Solutions:
ZenChain are two types of solutions that allow token transfers across public blockchain exits:
Bridge Solution: Two-way connection between ZenChain and Etherum, Polkadot, Binance SmartChain, Tron.. and many more chains with ZenBridge module
IBC Solution: Two-way connection between the ZenChain family blockchain and Cosmos using the Inter-blockchain Communication protocols.
IV.WHY SHOULD CHOOSE ZENCHAIN AS FINANCIAL SOLUTION?
1. The benefits of ZenChain include:
1. Develop key applications for DEFI and NFT.
2. High throughput for all transactions
3. Blockchain is safer, more secure especially for decentralized finance.
4. The rapid growth of dApps for decentralized finance.
5. Rest assured that blockchain is not used for any kind of non-financial dApp, so the decisions of the Foundation and core developers are 100% focused on decentralized financial use cases and nothing else.
6. Rapid growth of dApps with dedicated calls dedicated to financial applications.
7. Minimal attack surface of financial smart contracts developed on the platform.
8. Trustworthy governance,Very immutable — by periodically anchoring to the block.
V . DETAILS ABOUT NOTICE CODE:
Token Name: ZEN
• Token Type: BEP20 & ERC20
• Token name: TBA
• Total Token Supply: 100,000,000 ZEN
• Initial Round Supply:2,500,000 ZEN
• Initial Market Cap:TBA
• Unsold / Unused Tokens: Burn
VI.ABOUT TEAM:
• Typically: Josiah Tan is the Founder ( https://www.linkedin.com/in/Josiahzenchain/ )
• Christopher Chan: in charge of BUSINESS DEVELOPMENT DIRECTOR ( https://www.linkedin.com/in/Christopherzen/ )
• Kawasaki Takao: TECHNICAL TEAM
VII. CONCLUSION:
A core part of the project’s vision is that open protocols such as Ethereum and interoperability standards such as ERC721 and ERC1155 will enable vibrant new economies where users actually own the digital commodity This powerful brand new number. Because they think open, liquid markets will help power these new economies, the project is building tools that will allow any developer to build integrated marketplaces, rich for their digital assets. And most of all the team is doing this with the help of a passionate community of users, developers and creators.
► For more details, please visit the link below :
Facebook: https://www.facebook.com/Zenchainofficial
Telegram Channel: https://t.me/Zenchainofficial
Twitter: https://twitter.com/zenchainco
Github: https://github.com/zenchainprotocol
►Author :
Forum Username: ziennakarishma21
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2824865
Forum Poof Link : https://bitcointalk.org/index.php?topic=5336756.msg56994681#msg56994681
BEP-20 Wallet Address: 0x59c8e8E3c0Af18d1E324A1D0B365e4ADa5ff1ba8
