Challenging the old circulating technology with latest and improved ways is the nature of the market. In fact it is the base on which the human civilization has built a strong community with more comfortable ways to communicate and transact with each other. Blockchain technology concept came into existence in 2008 has shown a positive impact on economy development and has created new and improved means of mutual transactions and communications by creating a fast, secure, transparent, anonymous and low cost transactions ecosystem where the role of external interference and involvement of third parties is totally deleted from its ecosystem. Gradually and positively, the blockchain technology has captured the market and has become a hot pick in the market.

Understanding Zenchain and its innovative ecosystem

History has proved that technology is always growing and improving in multiples. So the blockchain technology has further been improved and concept of decentralized finance (DeFi) and non fungible tokens (NFTs) is now got high attention in the market and has opened lots of opportunities for existing and new projects to do unthinkable. DeFi is the next step blockchain technology evolution. DeFi is a system that has involved real assets and finance in blockchain technology. With the help of tokenization the real assets are now able to be traded on blockchain with their multiple fractions and then got access to worldwide market with more liquidity. Further with the help of DeFi users are able to get access all the financial related activities on blockchain which the centralized banking system can provide them. It includes lending, borrowing, sending and receiving money, staking, liquidity mining and yield farming etc. The benefit with DeFi is that it is a decentralized protocol and and users are enjoying all the blockchain related characteristics while executing their transactions.

NFTs are getting high attention and has become an integral part in various fields like art and craft, certain service providers while issuing their tickets and the gaming industry which has a real use case of NFTs as they are creating such games where the NFTs has their big role and become the factor to decide the win or loss in the game. NFTs are unique tokens on blockchain that have special characteristics and values assigned with them and even it is on the same blockchain or platform, each NFT is different from other and they can not be interchanged with each other.

Users are using this technology revolution and we are seeing huge involvement of people that using DeFi and NFTs. There are many platforms with different blockchains that are providing DeFi and NFTs to their users. The problem is that the users have to join all these different platforms to get access to various DeFi applications and NTs. It is really very costly and time consuming  for the users to study and then join different blockchains and platforms with different smartchains to get access to DeFi in its full potential. Here come the big problem and small traders and small investors get out from the equation and only the big players  with lots of money are able to take advantage of DeFi and get access to various different  NFTs providing platforms.

Zenchain protocol has been created by taking in to consideration the DeFi and NFTs.  Zenchain is providing best solutions regarding all prevailing flaws of the market to its users:

• Zenchain is a smart innovation of technology and has created a solid platform that revolves around DeFi and NFTs and making it possible to get access to all DeFi innovations and different NFTs on its single platform with a unique facility of cross chain mutual transactions of DeFi and NFTs. For that purpose, ZenChain is introducing a dedicated blockchain specifically for decentralized finance (DeFi) with special for non-fungible tokens (NFTs). 
• Zenchain protol is highly scalable. To challenge low speed and high transaction fee when the network is congested, the zenchain with its innovative blockchain that allowing its smartchain and nodes to execute transaction with high speed and with low cost. So the users of Zenchain platform are able to transact into all DeFi protocols and can get the real use of NFTs in Defi ecosystem.
• Zenchain allows interoperability on its platform. This can be explained as on Zenchain blockchain, there in no restriction like particular token, coin, platform, smartchain or blockchain to be taken into consideration for the execution of transactions. That means this platform is fully allowing interoperability between different platforms having different smartchains. So the users of this platform are mentally relaxed and they are not required to pay high fees or to wait for longer time to do their transactions.
• Zenchain helps in asset management. Providing high scalability and interoperability on its platform are the features of Zenchain protocol that make the users of this platform to stay ahead in market competition and get their asset management as there are sudden pumps and dumps in this highly volatile market. So Zenchain platform with its own blockchain and advanced snartchain is a best tool to cope up odds and stay alive in this sophisticated market.
• Zenchain platform is providing more earning opportunities. The users of this platform are able to use different staking pools and can take part in different liquidity pools to do yield farming as this platform supports smooth transactions without any restriction of whichever blockchain or smartchain it is dealing with whether it is Bicoin, Eth, Tron, Matic, Binanace Smartchain. This platform is such an open source protocol that has made available the whole crypto world with its full potential for its users to get more benefits with much high speed and very low fees.
• Users of Zenchain platform have full control of their assets. Zenchain ecosystem is providing the best place for traders and investors to get benefits of technology revolution while having full control on their assets. Zenchain is an independent protocol and having enough resources to operate by itself. There is no need of third party support or involvement on this platform. Thus no one is judging the users and taking decisions on their behalf. So Zenchain protocol has allowed its users to have full control of their assets and they can transact any where and any time without answerable to any one.

• Effective price oracle system with Zenchain. To give the best trading & investment experience with compatible asset price to transact between different smartchains, Zenchain protocol has an effective price oracle system that making its smartcontract and nodes to access the current prevailing asset value from different reliable sources and evaluate the most compatible price for its users to trade and get best deals.
• Zenswap provides insurance. DeFi as compared to centralized system has a  drawback that there is lack of insurance element which covers the loss of funds. But the Zenswap has covered this flaw and its smart contract running on its own blockchain has provision and grant insurance facility to its users to get more security for their funds.

Zenchain protocol supports NFTs

Users of this platform can use all DeFi protocols and can hold NFTs. This platform has a special feature that allows the cross chain between DeFi and NFTs that means NFTs has their real use case in DeFi world. The holders of NFTs who are using this platform are able to do cross chain transactions and can use their NFTs as collateral to get loans which they can further use to get access to more DeFi applications and protocols. That enables even the small traders and investors to explore whole DeFi world as they can get funds by offering their NFTs as collateral and also there is option that they can give their NFTs on rent as there are many game weapons and pets which are required for the time being and the users/players instead of buying them, prefer to take them on rent for a certain time period and then return with small interest. By using ZenChain platform, artist, influencer, game production, defi dapp can easily make their NFTs as per their requirement. The ZenChain protocol will bring them an easy and secure way to mint, manage their own NFTs with the power of blockchain. Having NFTs with all DeFi powers is a great experience for the users of this platform. You can make a bid of your NFTs and also set a price to sell them in marketplace. Using this platform, creators & developers can use various display modes and make a good advertisement of their created NFTs to attract investors attention.

ZEN Token

The native token of Zenchain protocol is ZEN. It is the governance token of this platform and has various usages on the platform. The holders of token ZEN can actively take part in future development activities and also they get the voting power to vote and support the work which is beneficial for technology development and bring more benefits for users of this platform. This platform allows NFTs to be used as collateral to get loans and ZEN can be used for collateral backing. Zen is used to mint NFTs and can be paid as fee to make a bid in marketplace. Zen token is given as reward and interest in various liquidity mining pools and staking parameters on Zenchain platform. The reward is calculated as per the share of participant in liquidity pool. Zen has limited supply and many use cases so with the growth of the platform, the value of Zen is also going to increase.

Zen token is both ERC20 & BEP20 token and runs on both Eth and Binance smartchains. Zen being more liquid and flexible token is capable to backup Zenchain's ecosystem which allows cross chain of DeFi and NFTs. Total supply is 100,000,000 ZEN with initial circulating supply 1,200,000 ZEN. Initial market cap is $360.000 and unsold/unused tokens will be burned.

Token allocation

• Public IDO: 5% of the total token supply
• Early Contributors: 8% of the total token supply
• Strategic Partners: 20% of the total token supply
• Team: 5% of the total token supply
• Advisors: 2% of the total token supply
• Ecosystem Development: 33% of the total token supply
• Community Growth: 10% of the total token supply
• Liquidity and Staking: 17% of the total token supply

Token governance and use of funds

The funds raised on this platform via various fund raising activities are in fiat currencies and stable coins. These stable coins are stored in multiple wallets and only authorized persons have access to those wallets. So there is no chance of misuse of collected funds. As this fund is going to play an important role for the development of the platform so it is stored with qualified custodian. At least 2 or 3 signatures are required from the management team to get access to this stored funds. Funds will be utilized according to the allocations below:

• 50.00% Protocol Development
• 25.00% Business Development and Marketing
• 15.00% Operations
• 10.00% Legal and Accounting

My view regarding Zenchain protocol is that it is a revolution in crypto field. Such a project is needed in current time to build a strong and innovative platform to continue the growth of technology and ensure the well being of community members in the material and spiritual sphere. This project is supported by an experienced, hardworking and innovative team which has best solution for every problem and speed up the growth of platform. The team is going to is to create IT holding with the powerful and extensive ecosystem, ZenChain allows for running vanilla Ethereum as a Cosmos application-specific blockchain and it will be able to exchange value with the rest of the Cosmos Ecosystem through the Inter Blockchain Communication Protocol (IBC).

Useful Links to get more information

• Website: https://zenchain.co/#/
• Litepaper: https://docs.zenchain.co
• Telegram: https://t.me/zenchaingroup
• Telegram: https://t.me/Zenchainofficial
• Twitter: https://twitter.com/zenchainco
• Facebook: https://www.facebook.com/Zenchainofficial
• Medium: https://medium.com/zenchain-protocol

Author

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