ZenChain: A blockchain specifically dedicated to decentralized financial (DEFI) applications and non-fungible tokens (NFTs)

4 min readMay 22, 2021

The cryptocurrency industry is based on a simple premise: people should be fully in control of their finances. While it seems like a simple and obvious statement, the current systems are far from providing financial services that are truly under the control of the people who use them. The mission of ZenChain is to give people (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 specifically for decentralized finance (DeFi) with special for non-fungible tokens (NFTs). ZenChain approaches decentralized finance as a specific and critical segment of the blockchain community. 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

Benefits of ZenChain

Development of key applications for the DEFI and NFTs.
High throughput for all transactions
Safer, more secure blockchain specifically for decentralized finance.
The rapid development of dApps for decentralized finance.
Peace of mind that the blockchain is not used for any types of non-financial dApps, thus decisions of Foundation and core developers are focused 100% on decentralized financial use-cases and nothing else.
The rapid development of dApps with dedicated calls specifically for finance applications.
The minimal attack surface of financial smart contracts developed on the platform.
Reliable governance
Highly immutable — by periodic anchoring to the blockchain.

The Zenchain Foundation has decided to update the Zenchain tokenomics, there will be minor changes, and details are shown as below:

The Zenchain Protocol has decided to reduce the public IDO to only 1.200.000 $ZEN which occupies only 1.2% of the total supply, the unused and unsold tokens of 3.800.000 will be burnt.

Tokenomics

Moreover, for the token allocations belong to Public IDO, Early Contributors, and Strategic Partners, if any of them have been unallocated, unsold or unused, this proportion will be burnt before trading. There are many benefits of burning the Zen token as we know:

Help to reduce the inflation rate.
Keep it fair for both early partners and public investors.
Encourage to increase the value of Zen token.

ZEN token release schedule

Milestones

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

I think that over time people are probably happy in the crypto market, with the development of the entire market since the beginning of this year that has brought a lot of opportunities to make money for many people. And now that the DeFi and NFTs trend becomes more accessible I think this will be an opportunity for the participants of this market, but the important thing is people’s knowledge of this market. I know that it is not easy to find a good project in this market, but that does not mean that we do not find new and high-quality projects. With ZenChain the mission is to lead the way in interoperability by allowing altcoins to be migrated to Ethereum DeFi in a single user interface and to make stocks, commodities and fiat currencies accessible in Ethereum DeFi, allowing more exposure to the crypto community, the project I am sharing today will thoroughly solve the above problems.

More Information Zenchain

Website: http://www.zenchain.co/
Litepaper : 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

Author

Bitcointalk Username: Gerda Sky
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2769243
ETH Wallet Address: 0x68db22f8d7f52522a6de10a3ecb3a7f61a04e492