Well, welcome back to my blog. Today, I will introduce to you an extremely interesting and potential project, which is the Zenchain Protocol project.

Like every other major company in the world, Zenchain was created to be able to overcome the existing barriers and data warehouses created by the business model and open up its global reach. However, in Zenchain, we can see some advantages that today's companies do not have, or do not do well. What is the advantage here, let's find out through the analysis below.
The Zenchain Platform is a Blockchain-based platform with a vision to take blockchain technology to the next level. Full authority, improved transaction speed and low costs, improved deployment speed, improved security, and more. It is a related multipurpose blockchain network and can be applied to different areas in Blockchain.

The developer designed the further development of the blockchain architecture. A true blockchain delivers the promise that all blockchains desire. One that provides the highest level of resistance to attacks. Someone who values the ecosystem of contributors. And, perhaps most importantly, scales throughput as more resources are added to the network, increasing the maximum possible speed.

So what is Zenchain Protocol? If it really helps, please continue reading the interesting information that I present

ZenChain is a dedicated blockchain that is optimized specifically for DeFi and NFT applications. ZenChan does contain all core DeFi applications built in the core of the chain, not written by smart contracts like swap, lending, and insurance dapp. ZenChain also contains all applications supported for NFTs like minting, auctions, and trading. And special, with ZenChain, your NFTs can use it as collateral in Defi to make a loan or staking in a pool to earn extra token …

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).

As mentioned at the beginning, many companies are facing difficulties in transactions as well as many other problems, including big players like ethereum, which are high transaction fees and congestion in transactions.

Smart contract vulnerabilities are a major cause of problems for many DeFi projects. If there is the slightest mistake in the code of the smart contract, it can lead to the loss of money.

Insurance protects investors in the event of hacking or other fraudulent activities. Insurance plays a very important role in centralized finance while it is rarer in DeFi.

It's great that the project team has released a lot of good solutions to overcome the above disadvantages, which are:

Zenchain Protocol will extend Tendermint Power throughput to connect Ethereum, Tron, and Binance into a cross-chain combination. Above all, Zenchain will combine both DeFi and NFTs to push the power of both to the highest level.

ZenChain is a scalable, high-throughput Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum. It is built using the Cosmos SDK which runs on top of the Tendermint Core consensus engine.

This allows developers to have all the desired features of Ethereum and, at the same time, benefit from Tendermint's PoS implementation. Additionally, because it is built on top of the Cosmos SDK, it will be able to exchange value with the rest of the Cosmos Ecosystem via the Inter Blockchain (IBC) Communication Protocol.

So how will NFTs in Zenchain Protocol be developed?

NFTs are tokens that ZenChain can use to represent ownership of unique items. They allow encryption of things like art, collectibles, even real estate. They can only have one official owner at a time, and they are secured by the Ethereum blockchain - no one can modify the ownership record or copy/paste a newly existing NFT. NFT-Fi is a non-fungible token with distinct characteristics and is minted by liquid supply for DEX or Lending systems. Imagine this is a pear or level up item in traditional games, with NFTs your power in Defi will be upgraded and make you have some special benefits over others who have no NFT-Fi . In other words, you can think of NFT-Fi like a loyalty card or coupon.

It encourage people to contribute directly to the ecosystem and be benefited by staking their NFTS, defi strategies have made people millionaires in the Defi space and to use Defi to be minted NFT-Fi

Talking about technology is probably enough to understand Zenchain. Here are some of the important features of the ZEN token that all investors are looking forward to.

Token sales data
Token Name : ZEN
Token Type : BSC
Ticker: ZEN
Total Token Supply : 100,000,000 ZEN
Seed Sale Allocation : 6,000,000 ZEN
Seed Sale Token Price : Not disclosed yet
Seed Sale Amount Raised : 500,000 USD
Private Sale Allocation : 15,000,000 ZEN
Private Sale Token Price : Not disclosed yet
Private Sale Amount Raised : 375,000 USD
Public Sale Allocation : 25,000,000 ZEN
Public Sale Token Price : 0.1 USD / ZEN
Hard Cap To Be Raised : 2,500,000 USD
Public Sale Date : Not disclosed yet

1. Protocol Governance: The ZEN token can be used to govern various components of Injective’s side chain 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

The development team of Zenchain Protocol includes members with the strongest skills in IT, marketing, application development, business, management, human resource management, communication, blockchain..., with many years of experience. experience. . experience in the fields in which they operate. Together with experienced advisors, the development team is well prepared to provide a perfect platform for the global market.

PARTNER

Zenchain Protocol project development partners are mostly companies specializing in investing in potential projects that will surely bring great success to the project.

As expected, Zenchain Protocol will expand its scope of operations beyond the world. I believe that with its potential, transparency, security as well as its strengths, Zenchain will have a strong foothold in the crypto world.
Personally, I rate this project very highly. I think I should invest in it. With high liquidity in the market, the price will automatically increase, this is a very favorable sign for investors when buying these stocks in the beginning, the price is still cheap. The ZEN token is accepted in most of the top exchange markets, which offer relatively large discounts in trading.

If you want to invest in Zenchain, now is a good time to invest. Join now, visit https://zenchain.co/ for more details and remember to buy now before all tokens are sold out.

Important Links

Website: https://zenchain.co
Facebook: https://www.facebook.com/Zenchainofficial
Telegram channel: https://t.me/Zenchainofficial
Twitter: https://twitter.com/zenchainco
Github: https://github.com/zenchainprotocol

Author:
Bitcointalk username: reymarkperry
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=184707
BSC wallet: 0x18654A32C97b50C62E463E4bCc1b06934C27B0f1