ZONIUM COIN
ShiftZone's Native Cryptocurrency / Base Coin
Last updated
ShiftZone's Native Cryptocurrency / Base Coin
Last updated
Zonium is ShiftZone's native coin, also known as its native cryptocurrency or a Base Coin. It is a digital currency that is built into a blockchain network and is an integral part of a blockchain network, serving multiple purposes. One of its main functions is to facilitate transactions on the blockchain. Transactions on a blockchain network are recorded in blocks, and each block has to be verified and added to the blockchain by network participants. Examples of other native coins include Bitcoin (BTC) on the Bitcoin blockchain, Ethereum (ETH) on the Ethereum blockchain, and Litecoin (LTC) on the Litecoin blockchain. These coins can be bought, sold, and traded on cryptocurrency exchanges and can also be used to pay for goods and services in some cases.
Another key purpose of Zonium as a native coin is to serve as a store of value. Just like traditional fiat currencies, native coins can be bought, sold, and traded on cryptocurrency exchanges, and their value can fluctuate based on supply and demand. Some native coins have gained widespread acceptance and have become a popular form of investment.
In addition, Zonium can eventually be used to pay for goods and services online and even in the real world.
Overall, Zonium plays a crucial role in the functioning and security of the ShiftZone blockchain network, and its value and utility are closely tied to the success and adoption of the chain.
As a native coin, has several advantages over other normal crypto-tokens. Some of the main advantages include:
SECURITY: As a native coin, that is built into the blockchain network, Zonium is inherently more secure than normal crypto-tokens, which are built on top of existing blockchain platforms. The native coin is backed by the security of the entire blockchain network and is less vulnerable to hacking or fraud.
LIQUIDITY: Native coins are generally more liquid than normal crypto-tokens, as they are widely accepted and traded on multiple cryptocurrency exchanges. This makes Zonium more accessible and easier to convert into fiat currency or other cryptocurrencies.
UTILITY: Zonium coins can serve multiple purposes, such as facilitating transactions, incentivizing network participants, and serving as a store of value. They can also be used to pay for goods and services in some cases.
NETWORK EFFECT: Zonium coins benefit from the network effect as more people join the network, the value and utility of the coin increase.
It's worth noting that though some normal crypto-tokens have similar characteristics and functions, and they can also have good utility, native coins are the original cryptocurrency of the blockchain network and have more features and benefits.
Zonium was created to power the entire ShiftZone economic system. It is the foundational currency that many of the tokens on the chain will be based on. To this effect, Zonium has several utility functions within the ecosystem.
1. CURRENCY
As the primary currency on the chain, Zonium is used to pay for transaction fees that are needed to be paid. This will also be the currency to pay for the minimal gas on the chain
2. STAKING
Users can stake their Zonium for opportunities to earn rewards from the staking rewards pool. At a regular monthly schedule, this pool will be distributed proportionally between users who have their coins staked at our staking facility. The amount of the reward will be relative to the amount of ZNM staked by the person.
3. PURCHASES
Eventually, Zoniuim can be used directly to make purchases online and offline. Online, Zonium can be used to pay for all the different services that ShiftZone manages or owns such as through our NFT Marketplace. In addition, it can also be used with partner services and eventually, through our partnerships, can be used to pay for items and services in the real world.
4. GOVERNANCE
By owning and staking a certain amount of Zonium, the person can be part of the ShiftZone DAO. As part of the DAO, the person can vote on the future and management of ShiftZone, and influence its direction as it grows.
5. REWARDS
Zonium will be used as the reward currency on the chain. This is normally given through some of our different programs such as staking and being part of our gamification program.
NAME: ZONIUM (ZNM)
MAX SUPPLY: 1,000,000,000 ZNM
LOCKUP PERIOD: 6 Months (Staggered Percentage Release Every 2 Weeks After Lockup)
STAKING: All locked-up coins are considered staked and will gain rewards accordingly
PRIVATE SALE 1 10%
PRIVATE SALE 2 10%
PUBLIC SALE 10%
REWARDS 20%
ECOSYSTEM 10%
DEVELOPMENT
RESERVES 17%
TEAM 20%
ADVISERS 3%
