ZEN Token: Everything you need to know
The ZEN token is a key part of the Zenit World ecosystem, offering its holders a number of unique benefits. It is a currency that can be used for services across the platforms to specific tasks and actions across the entirety of the Zenit World ecosystem.
Zenit World is a project that aims to increase the adoption of cryptocurrency by bringing together products and services in the industry.
Zenit World is committed to offering retail users a superior service for their digital assets and providing a familiar and accessible environment for crypto users to navigate the volatile digital asset landscape using Machine learning (ML) technology and Artificial Intelligence (AI) to identify and take advantage of yield opportunities in the fast-paced world of digital asset trading.
The Goal of Zenit World (Which represents the highest point on the celestial sphere, and symbolizes the peak of personal finance.) is to provide access to decentralized financial services to everyone. Zenit World is paving the way for a future of decentralized economic systems.
The ZEN token is the utility token of the Zenit World ecosystem. Its value reflects the growth of the ecosystem, and it is a deflationary token, meaning that its total supply is reduced as the ecosystem grows which ensures that the value of the token increases over time making the token scarcer and more valuable.
The initial total supply of ZEN is 153 million tokens. However, as tokens are burned, the total supply will decrease. The ultimate goal is to have a maximum supply of 21 million tokens – similar to Bitcoin. The burning mechanism is designed to ensure the growth in the value of the ZEN token.
As the ecosystem grows, more tokens will be burned, which will make the remaining tokens more valuable. This incentivizes people to hold ZEN tokens and participate in the ecosystem.
Token holders can participate in the staking process, which allows them to earn rewards for supporting the network.
They can also take advantage of the tier system, which offers reduced fees and access to privileged services in exchange for holding a specified amount of ZEN.
Some of the use cases of Zen in the Zenit World Ecosystem include:
Token holders stake their tokens to join the tier system and receive rewards generated into the Zenit World ecosystem.
- Transitions and conversions
Users of the Zenit World can pay for their trades, transactions, and conversions on the platform using ZEN tokens
- Tier System
Privilege services, pricing, and rewards based on the current Tier system
Learn more about the ZEN token, Zenit World, and the buzzing Zenit community through the links below.
White Paper Docs: https://white-paper.zenit.world/
Disclaimer: This is a paid post and should not be treated as news/advice.