ZYNECOIN - The Cryptocurrency of Reference in Africa
Hello everyone here, as I always do I welcome you guys once again to my little world that I always used to share my views about blockchain projects and startups.I am always happy to share with you the most promising ideas and startups from the world of cryptocurrency as they are created in order to facilitate our lives and change the world in the future.
In this post, the project that I will be sharing with you guys is Zynecoin and I will try all my possible best to summarily share what you guys ought to know about this project. There's no time to waste, let's ride on.
Since Cryptocurrency came to the existence in 2009 until today, it has been very volatile in nature. A lot of people have started to know and understand about the need to invest in cryptocurrency because it is decentralized, anonymous and can be used electronically.
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems.The world of crypto lovers are very happy and assume that it’s the right way to investment in the future . some call it The future Money.
The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
WHAT IS ZYNECOIN ABOUT?
Zynecoin is a cryptocurrency and blockchain system designed to support startups throughout Africa. But it’s also a great human adventure, the result of a team of people from different backgrounds.
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The primary goal of Zynecoin is to provide support for development and also to form the backbone for our international business model.
• As a utility token it provides access to services offered by Zynecoin.
• Tokens can be traded on online trading platforms
• Tokens are generated in limited numbers and it is impossible to destroy them to block or generate more than originally planned
• Tokens for team members, consultants, partners and other participants are blocked for a safety period to guarantee their goodwill and sincere commitment
• In order for a cryptocurrency to be sustainable, it must be the engine of a sustainable economy – that is why Zynecoin wants to strengthen the economy of the continent.
• The more users, the more their distribution is expanded the more the ecosystem will grow and gain value, in favor of old Zynecoin holders, including those who buy it during our sale.
FEATURES OF THE ZYNECOIN SYSTEM
Experts Support: The Zynecoin team remains available 24 hours a day, 7 days a week at your convenience.
Safe & Secure :Smart Contracts built by our expert IT team to deliver the highet security standards.
Wallet :The funds are safe under our integrated ERC-20 web wallet. Feel free to use any other at your convenience. ZYNECOIN wallets enable you to directly communicate with Zynecoin services and dApps with ease, security, and assurance of privacy. The mobile and desktop wallet are currently under development.
Mining Commissions: As a world premiere, the Zynecoin will enable computers to bring direct advantages to society.
Instant Exchange: Several exchanges will be put available for Zynecoin users along the way of the ICO.
dApps: Rest assured, the DApps are reaching barely explored or unexplored African markets.
The Zynecoin team is already supporting three innovative, app-based startups. These three new app-based startups demonstrate the huge potential of the Zynecoin crypto token.
Beauty & Wellness: Beauty & Wellness is an mobile app that facilitates hassle-free gift-giving anywhere in the world. Shopping for gifts shouldn’t have to be time consuming. That’s why the app features a built-in algorithm that generates gift ideas tailored to the individual user and recipient, making it easier than ever to find the perfect gift.
Hayat: Hayat is the flagship project of the Zynecoin incubator. It is a platform and mobile app designed to decentralize and improve the provision of medical services, especially emergency medical first response. The user enters the app and requests an ambulance. Hayat then automatically uses geo-location to dispatch the nearest available ambulance to the scene. The entire process is quicker, more convenient, and more streamlined than traditional ambulance dispatching. Because of this, fewer patients’ lives are put at risk.
Use & Lend: Use & Lend is an app that decentralizes the car rental market by allowing users to make their vehicles available through the platform whenever they’re not in use. Those looking for a temporary vehicle can then use the app to find one they can borrow for a fee. With Use & Lend, car owners can get the most out of their cars without having to spend any more time behind the wheel.
ZYNECOIN MARKET STRATEGY
When the number of applications and projects that Zynecoin accept as currency increases, our ability to purchase and resell to trading platforms also increases. This automatically increases the value of the Zynecoin token. The token will flow between applications and users, creating an integrated economy. The goal is to encourage users to prefer payment in Zynecoin over traditional currencies.
Zynecoin is poised to become the first cryptocurrency and blockchain based in the African continent. As Africa’s first crypto, Zynecoin is doing more than just breaking new ground. Zynecoin is creating an infrastructure that can genuinely support and fund innovative startups and projects with high social impact and global competitive potential.
TOKEN DETAILS
Zynecoin is an ERC-20 compliant token designed to provide startups with cryptocurrency that is accessible worldwide, allowing them to scale up globally. The Zynecoin is a cryptocurrency built on the Ethereum blockchain that uses a decentralized registration system for registering and verifying transactions associated with it. We have followed the standards of the Ethereum Improvement Proposals (EPI) that have been verified in the smart contracts. Two smart contracts are generated: the first corresponds to the Zynecoin token and the second is based on the ICO that checks, sends and receives money from investors.
The principes of Zynecoin’s Collaborative Mining
Collaborative mining is our solution to the problem of creating a blockchain that is safe, decentralized and scalable. To ensure that Zynecoin mining grows rapidly, we implement the principles of game theory to encourage the participation of multiple minors, both small and large. Every miner is faced with the same situation and has to make a choice: collaborate with other miners or continue independently. In crypto-mining, the best way to maximize individual rewards is usually to go alone. For Zynecoin minors, however, collaboration as part of a node group is the surest way to gain more benefits. Minors actually earn money simply by participating in the node group as long as the other members work together. When cooperation is not unanimous, there is a loss for everyone.
Hashing forces are stimulated so that they spread evenly between blocks
This ensures that all blocks are evenly extracted and that the system throughput increases as the number of blocks increases
Miners choose the blockchain whose rewards and challenges are most suitable for their mining equipment
By pursuing their own interests, the miners benefit from the entire system
Everyone shares the benefits of a successful transaction, allowing weaker miners to collect rewards without having to join a mining pool.
MEET THE AMAZING TEAM
CONCLUSION
A wide range of speculation will be made workable for the Investors. It may be dynamic or detached relying upon them and this will be improved by the Zyn token. Numerous potential financial specialists in reality will because of that think that its engaging come and be a piece of the record framework.
YOU DON'T WANT TO MISS THIS AMAZING PROJECT. KEY INTO IT AND NEVER REGRET.
For more information, please visit:
Website: https://zynecoin.io/
Whitepaper: https://zynecoin.io/wp-content/uploads/2019/01/wpz.pdf
Facebook: https://www.facebook.com/zynecoin/
Twitter: https://twitter.com/zynecoin
Telegram: https://t.me/zynecoin
Instagram: https://www.instagram.com/zynecoin_fr/
YouTube: https://www.youtube.com/channel/UCiZ-xova4unF-3HI04ZFOIw
Bountyminer Username: teejay4