Efficient blockchain for DEFI & NTFs
Introduce
The cryptocurrency market in the pastime has been creating a great attraction from defi and nfts projects, most of the projects that follow the above trend bring excessive hype that makes those projects not long-term growth potential. But that does not mean that every project following this trend is like that, in this article I will bring you one of the projects that is attracting great attention from everyone, and hopefully. In this article, we will answer the problems you encounter when learning about a potential project.
And that is ZenChain, it can be said that this is one of the gems of the cryptocurrency market. With a quality team along with the support of many large investment funds, it has been bringing a terrible attraction at the present time.
About
ZenChain is a dedicated blockchain specifically optimized for DeFi and NFT applications. Its protocol provides high transaction performance, lower risk of errors and intelligent feature development specifically for financial services fulfillment for both fungible and non-fungible tokens within the blockchain ecosystem.
ZenChain offers some solutions to solve the aforementioned DeFi problems. First, it offers scalability, high-performance blockchain with Tendermint Power, an Etherum bridge, Tron, Binance Smart Chain (BSC) makes DeFi and NFT cross-chain solutions and built-in DeFi primitives. The Zenchain Protocol also brings solutions for non-fungible tokens (NFTs) as applications such as another asset in a coin exchange house, rental of NFTs, as well as the power of NFTs to the DeFi ecosystem and DeFi to NFTs.
Features
- Scalable, high-performance blockchain: Proof-of-Stake, built with the Cosmos SDK running on top of the Tendermint Core consensus engine.
- Cross-chain: Cross-chain as a bridge between Ethereum, BSC, Tron….
- Built for Defi and NFTs: With built-in DApp core for Defi and NFTs.
- Supports smart contracts: ZenChain supports smart contracts, enabled by CosmWasm, EVM technology.
Benefits
The Zenchain Protocol is a dedicated application development for DeFi and NFTs that offers high performance for all transactions, more secure blockchain specialized for DeFi, rapid development of dApps with a minimum attack surface for financial smart contracts. Besides, it provides a government reliability highly immutable.
Non-fungible token applications
- Minting: Speed of sheet to create NFTs.
- Auction: The marketplace for user-owned digital goods which includes collectibles, gaming items, etc.
- Rent: Marketplace where owners of NFTs do not need to sell their NFTs, only use them for rental.
- NFTs X DEFI: The idea of creating this conjunction works in two ways:
1. Use of NFTs as collateral in Defi: full support of cross-chain NFTs and Def, allowing NFT owners to be more powerful with their NFTs.
2. Use of Defi to mint NFT-Fi: NFT-Fi will be a non-fungible token with DeFi traits and will be minted providing liquid to DEX or lending systems.
Token details
Token Name: ZEN
Total Token Supply: 100,000,000 ZEN
Initial circ supply: 1,200,000 ZEN
Unsold/Unused token: Burn
Distribution:
Roadmap
2021 Q2:
Release of public Testnet V1.
Launch of BIP-20 token.
Release blockchain explorer
Implementation of bridges to Ethereum, Tron, Binance SmartChain on Testnet
Release of Incentivized Staking Competition and bridge.
Release NFT mint, auction, rent application Testnet
Release Dex Testnet
Release Lend and borrow Testnet
2021 Q3:
Launch of Mainnet V1.
Swapping of the token, from BIP-20 to native chain.
Implementation of bridges to Polkadot on Testnet
Implementation of bridges to multiple blockchain networks main net
Release NFT mint, auction, rent application Mainnet
Adding staking incentives.
2021 Q4:
Release Dex Mainnet
Release Lend and borrow Mainnet
Adding liquidity mining (Dex, Lending) incentives.
2022 Q1:
Launch of cross-chain yield generation.
Team
Conclude
I find that with the explosion in blockchain technology it’s not just limited to fungible currencies that’s what ZenChain is showing they are fully capable of doing. The possibilities of blockchain in exchanging and maintaining any kind of digital asset are exponential in scope. I think in the future ZenChain is a big project with very interesting expectations that will break down crypto issues like the main problems of DeFI and NFTs. With the idea of creating a bridge between different platforms is very suitable and can explode for the market. And besides, the project has been supported by big projects such as Solana, Polkadot, Ethereum, Tron, BSC…
The official project social media website:
WEBSITE: http://www.zenchain.co/
LITEPAPAER: 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
Writer:
Bitcointalk Username: Rowancutie
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2769296
Address: 0xa13Fe4B17B72E8d18d9dA563F2CeE0C0b94D9e29