What is Zenchain Foundation?
ZenChain Foundation develops ZenChain, a blockchain that specially focuses on decentralized financial applications (DEFI) (NFTs). By concentrating on the functionality of the blockchain and especially on DEFIs and NFTs, ZenChain delivers unprecedented high transaction efficiency, decreased error risk, and smart feature development specially for fungible token and nonfongible token (NFT) on the blockchain.
Overview Zenchain
The crypto-monetary business has a basic assumption: consumers should manage their funds totally. Although it seems to be a simple and clear statement, the existing systems are not really in control of those who use them and are quite distant from offering financial services.
ZenChain’s goal is smooth access to decentralized financing (Defi) for humans (and, in the future, machinery, and gadget) (NFTs). To that end, we are presenting ZenChain, a specialized Defi blockchain for the unique purposes of Decentralized Finance (NFTs)
As a distinct and crucial part of the blockchain community, ZenChain explores decentralized finance. ZenChain is a specially tailored blockchain for the apps Defi and NFT. ZenChan does not feature a smart contract like swap, loan, and insurance dapp, which contains all key Defi apps based on the core of the chain. ZenChain includes all NFT-supported applications such as minting, auction, and trading. And especially, ZenChain allows your NFTs to make a loan or stake in a pool to earn an additional token as collateral in Defi.
Decentralized oracles
All blockchains that function and execute code depending on intelligent contracts face the same centralization problems when external data points are required to be used. Many decentralized Systems rely on fundamental chores and calculations, such as asset feeds, interchain connections, actual occurrences, and external Internet API interactions, which require external data feeds.
There is no clear and straightforward query interface for decentralized apps to get real-world data. Smart contracts cannot access data by themselves. Until Decentralized apps can interface external data inputs in real-world easy function calls, significant impediments to the adoption of technology and developers’ accessibility to new applications will be created.
For blockchain smart contracts, existing data availability solutions depend on extremely crucial failure points or are prone to asynchronous interactions that result in a delay and complicate the smart contract logic.
Decentralized exchanges
DEXs come in several variables, such as DEXs (including individual and batch settlements and automated market makers) on the basis of the price-discovery method (AMMs)
In combination with order books, multi-block lots, and limiting orders, the module includes the AMM model to deliver high-quality liquidity to ZenChain.
We offer a Hybrid Exchange model combining a lot book with an AMM-based technique to match the algorithm.
· Orders are accumulated in the order book
· At every batch execution height, the order book is processed using a matching engine
· The liquidity pool participates in the matching process using the equivalent swap price model
Also, the proposed model
· Limit orders that are kept until completed or canceled in the order book. In fact, spanning several lots they might remain open
· It enables partial order filling when the price of the order is equal to the price of the swap.
Token IDO
ZenChain Token IDO is a decentralized incubator that enables innovative project activities to attain their full potential by utilizing our community’s financial capacity and buzz.
The idea is to democratize access for well-trained individuals and corporate capital to the investment options previously available, opening up the closed cryptographical early-stage ecosystem to everyone.
The platform enables cryptocurrency projects to collect money by establishing a swap pool based on a defined buying rate for tokens. These so-called Fixed Swap Pools offer a great benefit on top of typical funds collection mechanisms like ICOs, IEOs and IDOs for token sales investors (Initial DEX Offerings). Until initial supply is acquired, fixed Swap pools keep the token price throughout selling.
Decentralized projects may raise and trade funds cheaply and rapidly with ZenChain Token IDO. Users will be able to engage and utilize assets that go much beyond the ERC20 standard in a safe and compliant environment.
Benefits of ZenChain
· Developing major DEFI and NFT applications.
· High performance in all transactions
· Safer, safer, and more secure for decentralized money especially.
· DApps for decentral finance is developing quickly.
· Note that Blockchain is not utilized for any kind of non-financial dApps, hence Foundation and core developer decisions are centered 100% on decentralized financial usage and nothing else.
· dApps with special requests for funding proposals are rapidly developing.
· The smallest attack surface of the platform generated financial intelligent contracts.
· Trustworthy management
· Very unchanging — via regular anchoring of the blockchain.
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.
Token details
· Token Name — ZEN
· Token type — BEP20 & ERC20
· 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
Conclusion:
We may see in the crypto sector that there aren’t many technologies to encourage the industry’s amicable development. This implies that Zenchain has a chance to take a spot on the moon, especially since Zenchain only contains the best and most remarkable materials to make events and current events welcoming.
ZENCHAIN RESOURCES
http://www.zenchain.co/
https://docs.zenchain.co/
https://t.me/zenchaingroup
https://t.me/Zenchainofficial
https://twitter.com/zenchainco
https://www.facebook.com/Zenchainofficial
https://github.com/zenchainprotocol
https://medium.com/zenchain-protocol
AUTHOR INFORMATION
Altcoinstalks Username: Luna 21
Altcoinstalks: https://www.altcoinstalks.com/index.php?action=profile;area=summary;u=78394
Proof of Authentication link: https://www.altcoinstalks.com/index.php?topic=210799.msg1169819#msg1169819
BEP-20 Wallet Address: 0x07165B5C9Fb7a06Db7F5dE5deeba9a9C23A7393E
