What Is Zeon Network?
Zeon is a DAO Blockchain platform composed of unique features that seeks to prevent fraud in the cryptocurrency market and minimize the complexity and risks cryptocurrency users are likely to face. The basis of the network’s design is sharding, whereby the network is divided in other smaller shards in order to improve the transaction rate to approximately 100,000 transactions per second.
Zeon also seeks to improve the mass adoption of cryptocurrencies by offering users with the complete anonymity of their payments, guaranteeing the security of purchases made and finally offering users with the opportunity to earn by participating in the PoS 3.0 (Masternodes Erebus and stacking) consensus.
Zeon will contribute to the development of a financial system that will benefit the crypto community by solving the major challenges that they face including the high cost of cryptocurrency transactions, the risky ICO primary coin market, lack of liquidity and the security threats such as hacking that result in the loss of user’s capital in the exchanges.
How Zeon Network DAO Blockchain & Cryptocurrency Coin Works
Zeon implements blockchain technology within its protocol to prevent users from buying into fraudulent ICOs. The protocol favors the interest of both the users and the ICO developers as it is based on fair funding method whereby they only receive payment for work done. If the work satisfies the user, the ICO developers will receive additional payment.
The protocol has an oracle known as the Hyperion that monitors the value of the ICO token or coin on various exchanges. If the value of the coin increases, the protocol will increase the ICO funding for the project and if it reduces, the ICO funding for the project will be reduced.
Zeon will prevent ICO frauds by acting as an intermediary of the payments. The customers send their cryptocurrency or ZNC token payments to the ICO project in order to receive the ICO tokens. If the ICO is, a fraud the customer will receive their cryptocurrencies or ZNC tokens back.
Additionally, Zeon will offer a decentralized platform for cross-chain trading whereby the ZNC tokens are listed on cryptocurrency exchanges so the tokens holders can trade and exchange the tokens. This results in the ZNC tokens being liquid.
Zeon Network ZNC Token & ICO Details
ZNC tokens power and run the Zeon Network. The main function of the token is to offer a secure and universal payment solution that is fast, anonymous and decentralized. Token holders can use the tokens to safely purchase into any new ICO through smart contracts, provide liquidity, and secure trading. Users can acquire the tokens by purchasing them on the platform. They can also earn the tokens through using the ZEON Erebus masternode and storing the tokens in the ZEON wallet.
Parameters Of The ICO
- Token symbol: ZNC
- Sale date: Jun 08, 2018 – Jul 09, 2018
- Accepted payment method: ETH, BTC, LTC, BCH, XRP, EOS, XMR, DASH, MIOTA and FIAT (CARDS)
- Total token supply: 50,000,000,000 ZNC
- ICO: 30,000,000,000 ZNC
- Hard cap: 15,000,000 USD
- Soft Cap (Pre-ICO): 2,000,000 USD
Zeon Network Wallet
To manage their accounts, users can use the ZEON Wallet, which enables them to securely make deposits, participate in ICO, make Peer-to-Peer transaction, and exchange cryptocurrencies. The wallet is integrated with helpful features such as conversion rate calculator, API exchanges for quick conversion of other cryptocurrencies on the exchange platform, ability to choose public or anonymous address and the ability to customize the name of their public wallet.
Zeon Network Benefits
The community of the platform practice decentralized control of all operations with innovative blockchain, a user-friendly infrastructure, and the oracle system.
Blockchain And PoS 3.0
The platform's blockchain promotes the creation of a PoS 3.0 token with guaranteed returns annually. The design of the platform makes it possible for an increase in the transaction rates when few hundred nodes are added in its own network.
Advanced Payment System
Transactions made on the system are free, fast, highly secure, and anonymous at the same time. Cross chain, trading allows the users to easily sell or purchase crypto on various exchanges in a matter of milliseconds.
Innovative Oracle Hyperion
The platform's token is the first in the world to have oracle system. Users can control a variety of projects by simply voting and be part of decision makers when it comes to whether the funds set aside for the project should be increased or decreased.