Zenchain Protocol using NFTs as collateral in DEFI.

cryptoinvesto (27)in #zen • 3 years ago (edited)

Defi and NFTs tokens are now the most popular in cryptocurrency. Investors can hide their identify when transaction with Defi. Transaction speed are so fast. The value can be tokenized by NFT. Today I'm talk about a project which name is Zenchain. Zenchain project is structured via Defi and NFT segments. If you want to know about the Zenchain project in details then read whole quotes. Hope you will interested to be a part of this great project.

What is Zenchain Protocol?

This is Zenchain Protocol which is a blockchain technology and this is making for Decentralized application (Dapp) and non fungible token. This is also used for faster transaction. Both Decentralized finance token and non fungible tokens are establishment of financial services. Zenchain Protocol help all the investors and devices for using internet entrance to Defi and NFT. By Zenchain you are able to employ to exicute loan and take part in staking and mining pool for making and squiring more tokens. Zenchain is a dedicated blockchain where you can optimize Defi and NFTs. The core team want to do a great evolution via Defi and NFT combination.

The Problems

I'm now showing you the problems with different categories.

Limited Investment Opportunity-
There is limited Investment opportunity in the cryptocurrency. So many investors invest and make huge profit in the initial exchange price. There is no opportunity to invest fiat.

Wallet Vulnerability-
Because of wallet vulnerability so many investors lost their valuable funds. For this so many investors going to poor. Hackers provide malwares and hack wallet. Also there are so many fishing website making by hacker. Menomik keys and private keys are being hacked via it. Also hackers now make smart contract address. And when investors invest on them and lose their money.

High transaction fee-
In the present time this one of the major problem. Most of the time we need to pay a high gas fees for transaction. Also the price increasing and decreasing which we call bull run also caused for high gas fees.

Zenchain Solution

• Cross chain solution-
In the first time a project Provide a great thing. Zenchain provide cross chain system. By which make Bridge between Ethereum, BSC, TRC20, Polkadot. This is a great achievement.

• Improving Security system-
Zenchain Protocol improving security system on their platform. Where investors can hide their identify when they make transaction. For this scammer can't do scam.

• Non Fungible Token (NFTs) Application-Zenchain Protocol support NFTs token
application. This is also a great achievement and a good opportunity.

• Defi application- Zenchain Protocol also support Defi application. This is a great things i think so.

• Great Scalability-
The intire Blockchain operations Zenchains scalability is enough high.

Some Relevance of Zenchain Protocol

• Zenchain Protocol building Defi and NFTs application.
• Highly secured blockchain platform provided by Zenchain.
• Zenchain Protocol represent reputable government.
• Zenchain Protocol hide identity of the investors when make transaction.

Zenchain Exchange

Zenchain Token will be listed on the greatest exchange Uniswap and Pancake swap. You need to connect your wallet in this platform and easily you can swap your tokens.

Token Allocation

Public IDO 5% of the total token supply.
Early Contributor 8% of the total token supply.
Strategic supply 20% of the total token supply.
Team 5% of the total token supply.
Advisors 2% of the total token supply. This is the lowest from all.
Ecosystem Development 33% of the total token supply. This is the highest.
Community Growth 10% of the total token supply.
Liquidity and Staking 17% of the total token supply.

Token Information

Token Symbol: ZEN
Token type : BSC
Issuance price : TBA
Total Token Supply : 100,000,000 ZEN
Initial circ supply : 1,200,000 ZEN
Initial market cap : $360.000
Unsold/Unused token : Burn

Their token allocation will be locked for 15 months, 20% of it will be unlocked by each quarter.

Roadmap

2021 Q2

Launch of public Testnet V1.
Rollout of BIP-20 token.
Kick off of blockchain explorer
Acceleration of bridges to Ethereum, Tron, Binance SmartChain networks on Testnet
Launch of Incentivized Staking Competition and bridge applications.
Dispatch of NFT mint, auction, rent application Testnet
Launch of Dex Testnet
Release, Lend and borrow Testnet launch

2021 Q3

Start of Mainnet V1.
Exchange of the token, from BIP-20 to custom chain.
Execution of bridges to Polkadot on Testnet
Execution of bridges to multiple blockchain networks main net
Rollout of NFT mint, auction, rent application Mainnet
Integrating staking incentives for token holders.

2021 Q4
Launch of Dex Mainnet
Launch of Lend and borrow Mainnet
Integrating liquidity mining (Dex, Lending) incentives.

2022 Q1
Kick off of cross-chain yield generation.

Conclusion

Zenchain Protocols main mission is Decentralized Finance (Defi) and Non Fungible Token (NFTs) integration. And i personally love this project. Hope you guys also love this project. I will recommend you guys if you want to be benefitted then take part and invest in this great project. This projects future is very nice.