May 20, 2021
ANALYSIS OF THE ZENCHAIN PROJECT
All coins are known as cryptocurrencies and are the easiest and fastest way in which goods and services are paid, sold and exchanged. The introduction of Cryptocurrency has had a positive effect on the worldwide finances since, unlike traditional banking and financial structures, it enables citizens to manage their assets in full.
Zenchain, on the other hand, is a blockchain project designed to allow people to hold their money in possession of and to give people in the crypto world rapid access for non-fongible tokens to decentralised protocols.
ZENCHAIN EXPLAINED
Zenchain is a blockchain network designed to offer a wide range of non-fictional tokens and decentralised financial protocols to individuals. The Zenchain project is using decentralised protocols and non-fungible tokens to benefit from the advantages of blockchain technologies, which provide users with optimum protection for their resources as well as distinct characteristics and goods both for fungible and non-fungible tokens.
By introducing decentralised financial protocols, ZenChain can sell exclusive products that support non-fungible toks. Some items are available for auction, sale and minting.
There, though, it doesn’t end. Holders of non-fongible tokens could put their tokens together and obtain more tokens. You can also borrow money on your tokens as leverage.
ZENCHAIN’S MISSION
The objective of the Zenchain Project is to give people full authority over their money by giving them unrestricted access with non fungible tokens to decentralised financial protocols. To achieve these objectives, the project has implemented blockchain technology expressly designed for decentralised financing protocols and non-fongible tokens.
ZENCHAIN PROJECT FEATURES
1. cross chain: The project, Zenchain, supports transactions and network token transfers. Transactions are facilitated by a range of networks, including Tron, Binance Smart Chain, Ethereum, Poloniex and others.
2. For non-fungible tokens and decentralised protocols: The project has developed core applications which permit the free movement of decentralised protocols and non-fongible tokens.
3. Supports Smart Contract: The Zenchain network does not support all smart contracts, but it supports intelligent contracts, such as the CosmWasm, which are supported by EVN technologies.
4. Adaptable: The Zenchain platform makes transactions easy and quick. The Cosmos SDK has been used to construct the architecture for the project that is known for its speed and safety.
5. Applications are available for non-fongible token: On Zenchain website there are many non-flammable tokens including minting, exchanging, staking and non-flammable tokens loaning.
6. Decentralized protocols: The decentralised financing protocols from Zenchain will all include loans, exchanges, token IDO pools and insurance.
WHAT ARE THE ADVANTAGES OF ZENCHAIN?
• Availability of core applications that enable decentralised protocols and non-fungible tokens to run smoothly.
• Scalability across the board.
• Tokens may be transferred between chains.
• Users’ properties are protected to the highest degree possible.
• Government that is decentralised
• The availability of non-fungible token applications, which will enable non-fungible token holders to benefit as well.
• The presence of decentralised financial protocols that aid in profit maximisation.
CASES FOR THE USE OF TOKENS
1. For all governance protocols, the token is used in the Zenchain environment.
2. Non fungible tokens holding the transaction fee will have to repaid ZEN if they want to mint, sell or do other items.
3. ZEN can, as a kind of loan collateral, also be used.
TOKEN INFORMATION
Name: Zenchain
Ticker: ZEN
Network: Binance smart chain and Ethereum
Total Supply: 100,000,000.
ROADMAP
The project has a straightforward, dependable, practical, and achievable Roadmap. The team is working hard to meet all of the defined objectives and will do so on time.
PROJECT TEAM
The Project is backed up by a team of people who have the necessary expertise to make it a success. They are committed and hardworking. They’ve also promised that they’ll keep improving.
FINALLY
The Zenchain project is a wonderful initiative aimed at providing people with access to decentralized financing protocols through non-fungible tokens that allow them to have total financial control. Non-flamboyant tokens are also available for Zenchain holders, who can swap their tokens. The project team is expert and determined. I hope the project would lead to the notion that people have financial control.
FOR MORE INFORMATION:
Author’s details
Bitcointalk username: Oluwaplenty01
BSC wallet Address: 0x99fa04750fF40D10EaD3351985658a673A6fD44F
