In recent years, the financial market has been in recession, and inflation has raged everywhere. This is the growth opportunity of cryptocurrencies. In other words, this is the heyday of the cryptocurrency market. That is why during this time, there are countless cryptocurrencies born, but the most prominent and most interested is probably the Zenchain cryptocurrency project.
ZenChain considers decentralized finance to be a special and important segment of the blockchain community. ZenChain contains all the major DeFi applications integrated into the core of the chain, not written by smart contracts, such as dapps swaps, lending and insurance. Although officially launched recently, but Zenchain can attract a lot of attention from a lot of people, it can thrive and gain many valuable names in developing this market such as so? In order to answer these questions and help people better understand the Zenchain project, we have presented them at the bottom of this article.

ZenChain and its challenges

On a technical level, the underlying DeFi of the blockchain is facing
significant difficulties. Blockchain transaction fees have gone up a lot during times of congestion, with costs for simple, moderate smart contract projects running into the many dollars. High transaction costs result in fewer transactions, thereby limiting the sort of transaction types that a layer one blockchain can be used for.
Taking everything into account, since more than 90% of DeFi projects depend on the Ethereum blockchain, we will consider the difficulties of the Ethereum challenge as the DeFi challenge:
As mentioned in the beginning, many companies are having difficulty in trading as well as many other problems, including the big ones like ethereum, which are high transaction fees and congestion in transactions. Ethereum at full limit can measure about 13 transactions per second, while centralized counterparts can handle a lot of transactions.
The weakness of smart contracts is an important cause of problems for some DeFi projects. If there is the slightest mistake in the code of the smart contract, it can lead to the loss of assets. Smart contract vulnerabilities are a major cause of problems for many DeFi projects. If there is the slightest mistake in the smart contract code, it can lead to loss of money.
Low interoperability is one of Defi challenges . There are different types of blockchain like Bitcoin, Ethereum, Binance Smart Chain, each with its own DeFi ecosystem and local area. Interoperability empowers DeFi platforms, devices, DApps, and agreements of interest across different blockchains to communicate with each other. Until this becomes less complicated, more tasks will be done.
Insurance protects investors in the event of hacking or other fraudulent activities. Insurance plays a very important role in centralized finance while it is rarer in DeFi. important in consolidated finance while it is much more special in DeFi.

The Zenchain protocol will extend Tendermint Power throughput to connect Ethereum, Tron, and Binance into a cross-chain combination. On top of that, Zenchain will combine both DeFi and NFT to push the power of both to the extreme.
This allows developers to have all the desired features of Ethereum and, at the same time, benefit from Tendermint PoS implementation. Additionally, because it is built on top of the Cosmos SDK, it will be able to exchange value with the rest of the Cosmos Ecosystem via the Inter Blockchain (IBC) Communication Protocol.

Currently on social networks there is some information that ZenChain allows customers to use NFT as collateral in Defi and Use Defi to mint NFT-Fi. Many people still sell doubt because if it is true, ZenChain is indeed a project at the forefront of technology development because currently there are very few cryptocurrencies in the world that can do this. In this article, I would like to confirm for you that the information is completely accurate and true because the leader of ZenChain himself spoke up to verify it. Besides, on some social networking sites of ZenChain, NFT and Defi have posted information about it.
The price of the NFT is determined by the Auction system. That means only users and NFTs using the ZenChain auction system can use their NFTs as collateral.
In addition, ZenChain also allows users to borrow up to 50% of the highest bid when customers Use NFT as collateral.
Besides, using Defi to mint NFT-Fi tokens is a special feature only available in Zenchain.

As we know from before, ZenChain special feature is full support of NFT and cross-chain Defi. ZenChain allows NFT holders to be more powerful with their NFT, just not collectible, users can put their NFT as collateral in lending and lending app and can borrow some tokens report can be substituted (ERC20, BEP20, TRC20…) to use a different defi strategy. The next benefit that Zenchain brings is high throughput for all transactions, ZenChain uses Tendermint Power to create cross-chain Defi and NFTs solutions, moreover the project team also incorporates a Proof blockchain. -of-Stake is scalable, high-throughput fully compatible and interoperable with Ethereum.
On the other hand, the Zenchain protocol allows running vanilla Ethereum as a blockchain specifically for the Cosmos application. Also, because by using the federation curve and dPoS as the system, Zenchain Protocol ensures that security gets a lot of attention.
Diversification is the main focus of Zenchain Protocol by providing risk and return on real-world assets and these assets have real future cash flows and are therefore very valuable. Zenchain Protocol has the best engineers and financial experts on the team. And from the very beginning they have built a good relationship with many companies like Cosmos, slow mist, Beosin, Avrasya, etc.
Not only that, users use or keep these NFTs when using Defi, users have can use DEX and another defi with fee benefit. If the user uses or holds these NFTs while using Defi, the user can earn extra LP fees in Dex. The last benefit that I want to mention is that ZenChain powers the Random Number Generator with an Oracle module. All blockchain platforms that operate and execute code reliably in smart
contracts avoid the same centralization problems that arise when external data points need to be used. Many decentralized systems rely on being able to perform basic tasks and computations that require external data feeds such as asset prices, cross-chain communication, real-world events, and API interactions. external web.
An oracle is a mechanism for importing off-chain data into a blockchain virtual machine so that it can be read by smart contracts. This includes, for example, the prices of off-chain assets, such as ETH/USD, or off-chain information needed to verify the results of prediction markets and is based on various Defi protocols.

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

Auction

ZenChain Auction is the marketplace for user-owned digital goods, which include collectibles, gaming items, domain names, digital art, and other assets backed by a blockchain.
A core part of our vision is that open protocols like Ethereum and interoperable standards like ERC721 and ERC1155 will enable vibrant new economies where users truly own this powerful brand new type of digital item. Because we think open, liquid marketplaces will help power these new economies, we're building tools that allow any developer to build rich, integrated marketplaces for their digital assets. And we're doing this with the help of a community of passionate users, developers, and creators.

With the Rent market, NFTs owners don’t need to sell their NFTs, just using them for rent. The renter can rent NFT in a short time to use in some special situations. Example: With some games, users rent NFTs as wearable items to join some special campaign, after they can pay back NFTs with a small fee, they don’t need to buy NFT at a higher price.

ZEN IDO

ZenChain Token IDO is a decentralized incubator that helps promising projects achieve their full potential by leveraging the investment power and buzz-making potential of our community.
We aim to democratize access to investment opportunities that were previously available only to well-heeled investors and venture funds, opening up the closed ecosystem of early-stage crypto project investments to everybody.
The platform allows cryptocurrency projects to raise funds by setting up a swap pool based on a fixed purchase rate for tokens. These so-called “Fixed Swap Pools” have many advantages for token sale investors over traditional fundraising models like ICOs, IEOs, and IDOs (Initial DEX Offerings). Fixed Swap Pools will maintain the token price throughout the sale until the initial supply is bought.
With ZenChain Token IDO, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20

Token Name: ZEN
• Token Type: BEP20 & ERC20
• Token name: TBA
• Total Token Supply: 100,000,000 ZEN
• Initial Round Supply:2,500,000 ZEN
• Initial Market Cap:TBA
• Unsold / Unused Tokens: Burn

TEAM

INVESTORS

As known before, cryptocurrency is a product of technology, it not only makes transactions convenient and fast, but also helps us manage money and assets. most convenient and accurate.
Cryptocurrency tokens, on the other hand, work on a blockchain, they act as a means to create and support decentralized applications and smart contracts, and it is these tokens that make exchange becomes possible. Trading just got easier. awesome is the Zenchain Protocol that incorporates these cross-chain features for the project. It seems investors are also excited to hear about it.
In general, the cryptocurrency market was born when our economy turned a new and better page. I believe the Zenchain project will continue to bring us more

For more details please follow the link below:
Web: https://zenchain.co/#/
Facebook: https://www.facebook.com/Zenchainofficial
Telegram channel: https://t.me/Zenchainofficial
Twitter: https://twitter.com/zenchainco
Github: https://github.com/zenchainprotocol
Author:
Forum username: Mahadel
Forum profile link: https://bitcointalk.org/index.php?action=profile;u=2754204
Forum link: https://bitcointalk.org/index.php?topic=5336756.msg57038375#msg57038375
BEP-20 wallet address: 0x8Fc11017ce1Da90EE7F1f69C039579877EBD4d4e