Hotbit does not provide endorsement for any blockchain assets. All introduction information regarding the assets is originated from third party sources and that emissions and errors might occur in the information provided.
The investments in blockchain assets are highly risky; the user is solely responsible for undertaking the risks of any asset shrinkage or lost. Please do conduct investment activities cautiously based on your own situation.
Zenswap Network will be simple, practical, and on-chain decentralized liquidity solution for cryptocurrencies and digital assets with a seamless swap transaction in a secured and immutable blockchain platforms like Ethereum. The project will initially focus on the development of the platform for swapping Ethereum-based tokens. It will continue development to accommodate more cryptocurrency and digital assets (from different blockchain platform, e.g. EOS-based QTUM-based, NEO-based tokens and digital assets) using cross-chain and relay protocols.
The Zenswap Network will be implementing a dual token system. These tokens are:
Zenswap Network Token (Symbol: ZNT Decimal: 18) is an ERC20 utility token that will be used to avail discount subscription for swap transactions fee and premium access to value-added services.
Zenswap Liquidity Token (Symbol: ZLT Decimal: 18) is a dapp utility token that will intermediate and bridges the exchange of value between blockchains' digital assets or tokens.
Token Status and Distribution
The 25% of ZNT supply were distributed through various early supporter campaign and airdrops. The other 50% of ZNT supply will be distributed as a reward for ZLT contributors. The other 10% goes to marketing and development. The other 10% of ZNT supply is for the team and the remaining 5% is held by the foundation. Most of the team tokens and foundation are locked for 20-24 months. Total circulating supply will be updated quarterly and will be published on Medium channel.
Website : https://www.zenswapnetwork.info