Launched in February 2019 by a visionary team in Spain, Zent Cash is carving out a niche in the cryptocurrency landscape with its innovative approach. Built on Cryptonote technology, Zent Cash aims to revolutionize digital transactions by providing a streamlined platform for peer-to-peer (P2P) challenges and gaming payments. This project isn't just about crypto-trading; it's about creating a seamless, fee-free method for exchanging digital assets and converting them to US Dollars, making it a holistic solution for gamers and crypto-enthusiasts alike. Dive deeper as we explore Zent Cash's potential to reshape the way we interact with digital currencies and gaming ecosystems.
The Purpose and Utility of Zent Cash
Solving Key Problems
The Zent Cash crypto token serves multiple purposes and utilities within the cryptocurrency ecosystem, catering to both token issuers and traders. Its primary use involves the swapping of tokens and the accumulation of fees within a batch treasury, offering a streamlined process for users engaging in token exchanges. This functionality is particularly beneficial for those looking to manage their digital assets efficiently, allowing for the consolidation of transactions and potentially reducing associated costs.
Zent Cash also provides a unique advantage by enabling users to redeem their holdings for US Dollars without incurring any fees. This feature is especially appealing for individuals seeking to convert their cryptocurrency into fiat currency seamlessly, without the additional financial burden that typically accompanies such transactions.
Gaming Industry Integration
In addition to its financial utilities, Zent Cash is making strides in the gaming industry. It aims to develop a platform that supports peer-to-peer challenges and offers payment solutions for various games. This initiative reflects the broader potential of Zent Cash, extending its use beyond traditional financial transactions to encompass entertainment and interactive experiences.
The Zent Cash token aims to solve the problem of inefficient token swaps and high transaction costs by providing a streamlined process for users. It also addresses the challenge of converting cryptocurrency into fiat currency without additional fees, offering a more cost-effective solution. Furthermore, Zent Cash addresses the need for innovative payment solutions within the gaming industry, enhancing user experience and facilitating seamless transactions.
Tokenomics and Distribution Model
Token Supply and Distribution
The Zent Cash crypto token, also known as ZTC, is a Cryptonote-based project launched in February 2019 by a team based in Spain. The tokenomics and distribution model of Zent Cash is designed to incentivize actions and create a sustainable ecosystem for its users.
Liquidity Mining
Zenlink, a DEX based on the AMM (automatic market maker) model, has established a liquidity incentive program. Token holders can provide liquidity to the Zenlink DEX network and obtain LP Tokens, which represent the voucher to add and remove liquidity. By staking LP Tokens with Zenlink, liquidity providers can earn ZLK rewards, which are distributed periodically.
Trading Mining
Users who trade with DEX can also get ZLK token incentives proportionate to their activity. The incentive for transaction mining comes from two parts: 10% of the transaction fee income (rebate) and 15% of the initial ZLK allocation.
Token Utility
- Trading Mining Weight Value Bonus: ZLK functions as a loyalty membership point, granting active participants exclusive access to selected products or services based on the amount of ZLK held, user activity, and volume of transactions.
- Payment Solutions and Platforms for Games: Zent Cash focuses on creating payment solutions and platforms for games, appealing to gamers and developers interested in integrating cryptocurrencies into their gaming experience.
Distribution
The total token supply, including the number of tokens in circulation and any maximum supply cap, is not explicitly mentioned in the provided sources. However, it is known that Zent Cash has experienced several significant milestones since its inception, reflecting its evolving ecosystem.
Inflation Control Mechanisms
While the specific tokenomics and distribution model of Zent Cash is not detailed in the provided sources, it is likely that the token is used to incentivize certain actions within its ecosystem. The distribution of tokens to team members is recommended to be done slowly and based on milestones. However, there is no specific information on vesting periods, lock-ups, or release schedules for tokens held by various parties in the provided sources.
The Team Behind Zent Cash
Core Team Members
The Zent Cash crypto token is developed and maintained by the Zent Cash Developers, overseen by the Zent Cash Foundation, and driven by the Zent Cash Community. The core team members behind Zent Cash include:
- Ilia Stadnik - Co-founder and CEO of Zent. Ilia has extensive experience in the blockchain industry, having co-founded and served as the CEO of several successful blockchain projects. He is known for his expertise in blockchain technology, smart contracts, and decentralized applications.
- Michael Sapenyuk - Co-founder and Product Owner of Zent. Michael has a strong background in product management and has worked on various blockchain projects. He is responsible for the product strategy and development of Zent, ensuring it meets the needs of its users and the broader blockchain ecosystem.
Advisors and Partners
As for notable advisors, partners, or investors, the provided sources do not contain specific information about them. Therefore, it is not possible to answer this part of the query without additional information.
Team's Track Record
Zent Cash was launched in February 2019 by a team based in Spain, consisting of Monica Zent, Dr. Rob Viglione, and Josh Swihart. Each founder brings a unique set of skills and experiences to the project, contributing to its development and strategic direction.
Monica Zent, with her background in technology and entrepreneurship, plays a crucial role in guiding the project's vision and business strategy. Dr. Rob Viglione, with his expertise in blockchain technology and cryptography, is instrumental in the technical development and security aspects of Zent Cash. Josh Swihart, with his experience in marketing and communications, focuses on promoting the project and establishing partnerships within the gaming and cryptocurrency communities.
Together, these founders aim to leverage the potential of blockchain technology to revolutionize the gaming industry by offering a secure, transparent, and efficient platform for game payments. Their collective efforts are directed towards building a community around Zent Cash and driving adoption among gamers and developers alike.
Market Data and Performance
Coin Statistics
- Current Price: $0.0000
- Market Cap: $0.00
- 24h Price Change: 1.37%
- 7d Price Change: 9.11%
- 30d Price Change: 8.66%
- 24h High: $0.0000
- 24h Low: $0.0000
- All-Time High: $0.0000 (2022-05-07T10:31:00.000Z)
- All-Time Low: $0.0000 (2023-09-04T00:20:00.000Z)
- Circulating Supply: 0.00
- Total Supply: 0.00
Despite its relatively low trading volume and price, Zent Cash remains an active player in the cryptocurrency market. Its diverse applications, from facilitating token swaps to pioneering gaming payment solutions, underscore its potential for growth and its contribution to the expanding landscape of digital currencies.
