Zenland has a built-in escrow contract template, an interface for managing contracts

bebylife (32)in #zenland • last year

Zenland is a smart contract escrow platform for safe and trustless peer-to-peer trade without a middleman. Unlike traditional escrow systems where payment is kept by a third party, Zenland users store payment inside a smart contract deployed on the public blockchain without any third party involved.

Our smart contract application is the first to introduce a complete escrow ecosystem with built-in contract templates (2 at this point), a UI to manage contracts, and a contract chat keeping all transaction logs and messages. It is currently deployed on Gnosis Chain along with other EVM networks.

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Zenland has officially launched 4 weeks ago after 10 months of bootstrapped development and 5 months of testing. This proposal is made to support further development and kickoff adoption of the platform in exchange for Zenland Fee ($ZENF) token allocation.

Zenland Features

The following features uniquely define Zenland as a secure and simple escrow solution for trusted peer-to-peer trading.

Decentralized – No third-party or central authority can control or execute Zenland escrow contracts. Users keep time-locked escrow funds in a contract stored on the blockchain, not in anyone's personal account.

Ease of use – Zenland has a built-in escrow contract template, an interface for managing contracts, a contract chat with transaction logs, and an information system. This ensures that contracts are easy to create, manage and execute at all times.

Anonymous - Users connect via web3 wallet. No personal data other than standard browser data that directly identifies the user (KYC) is collected or stored on our servers before, during or after contract execution.

Trustworthy - Users do not have to trust each other or any third party, including the Zenland team, for escrow funds. It is stored inside a smart contract on the public blockchain and is issued only by its direct participants.

Real Time – Synchronization between the blockchain network and the user interface allows users to execute smart contracts in real time. If necessary, users on both sides can stay online to fulfill their contracts without delay.

Multichain – At this point, the Zenland platform has 5 major blockchain network integrations: Ethereum, Polygon, Avalanche, Binance Smart Chain, and Phantom Opera.

Accessible – Unlike traditional escrow services, our smart contract escrow does not require a bank system, credit card, select countries or continents. Users transfer and release escrow funds in universal stablecoin currencies: USDC, USDT, DAI, or BUSD to the blockchain network of their choice.

Affordable - With no bank or wire transfer fees, minimum service fees, or upfront arbitrage commissions, ZenLand is affordable for users regardless of status or income. The service fee percentage decreases as the escrow amount increases (up to 0.5%).

Unique - Testers and early adopters like contract chat, its review system, or editing and approving terms. For example, chat integrated into a specific contract automatically reflects any editing, approval

USE CASES

Thanks to their unique properties, Zenland escrow contracts can be used for real-world buying and selling of values from $10 to $10 million and more.

Online Commerce

Everything from domain names and websites to small electronics and sports gear can be traded in a simple way

escrow agreement. Users set custom terms, networks and tokens, and verify contract operations and payments through the applicable blockchain explorer.

OTC Trading

Buyers and sellers in the same city can do business as easily as buyers and sellers from different parts of the world. Simple one-page smart contracts with multiple network integrations allow for reciprocal terms to securely transfer in-game assets, collectibles or crypto.

Freelance Services

Contract terms approved by both parties, affordable fees, and blockchain transparency take away the confusion that freelancers and their clients often experience. For each contract, users agree on the number of edits, hours of contracted work, output details, due dates, inspection times, etc.

Digital Art and NFT

Secure Web3 access to blockchain transparency and a smart contract escrow ensure the secure and anonymous ownership transfer of non-fungible tokens and the transfer of digital artwork. Its permanent record of all contract transactions remains in the blockchain indefinitely.

HOW DOES THIS APPLY TO ZENLAND?

Zenland is the first no-code smart contract platform where anyone buying or selling products/services can be sure the deal is safe.
This is done through a smart contract, a simple programmable agreement between two parties. Such agreement is written in the form of computer code and stored on the blockchain.
Smart contracts are simpler and faster alternatives to formal agreements. They can easily be created and deployed through the Zenland platform by anyone without knowing how to code.

WHAT IS ZENF TOKEN

Zenland Fee (ZENF) is an ERC-20 utility token of the Zenland smart contract platform. Token integration with the escrow platform and its deflationary model ensures robust tokenomics and its value-driven utility.

The deflationary model of token economics means that the number of tokens in circulation decreases over time due to specific mechanisms in place. Such reduction in circulating supply is aimed at increasing the value of individual tokens in case of consistent demand. A good example of the deflationary model is ETH. Ethereum Mainnet burns ETH on every transaction to reduce the number of coins in circulation. Zenland has been integrated with 6 major EVM networks: Ethereum, Polygon, Binance Smart Chain, Avalanche, Fantom, and Gnosis. Platform users can deploy and execute escrow

ZENF TOKEN

Ticker: ZENF
Type: ERC-20
Network: Ethereum
Decimals: 18
Max supply: 200,000,000
Total supply: 200,000,000
Contract: 0xE9b7B5D5e8d2BCC78884F9F9099bfA42A9e5c1A5