ZenithPrice

(ZEN)

Horizen (ZEN) is a privacy-focused network leveraging zero-knowledge proofs to build a secure and verifiable privacy layer for Web3. Its native token (ZEN) facilitates utility in decentralized finance (DeFi), governance, and decentralized applications (dApps). Horizen 2.0 further enhances this by providing an EVM-compatible blockchain specialized for zero-knowledge proof verification, aiming to overcome existing network limitations by improving cost efficiency, performance, and trustlessness for ZK-dApps.

The Zen Token (ZEN) is the native digital asset of the Zenit World platform, functioning as a utility token that grants users access to various benefits and functionalities within its ecosystem. Holding ZEN can provide users with lower transaction fees, exclusive access to certain services, and the ability to participate in staking programs. Additionally, it supports a fee redistribution program, rewarding stakers with a portion of the fees collected on the platform, contributing to its ecosystem's dynamism.

Zenith Chain is a blockchain platform designed to empower the next generation of Web3 users by offering robust features. These include Ethereum compatibility, enhanced scalability, stringent security, and a strong focus on user experience, even conceptualizing 'zero-gas' transactions. Developers can build a wide array of applications on Zenith Chain, such as decentralized applications (dApps), non-fungible tokens (NFTs), marketplaces, decentralized exchanges (DEXs), and various decentralized finance (DeFi) projects, along with solutions for Metaverse, Web 3.0, and industrial use cases.

Zen Protocol differentiates itself as a parallel blockchain to Bitcoin, specifically designed to enable users to create financial products and assets that can react to events on the Bitcoin network. It is unique in its focus on smart contracts that run atomically, meaning they only incur costs if they successfully execute to completion. Zen Protocol works closely with Bitcoin, allowing value to move on and off its blockchain and supporting sidechains for this purpose, with its contracts capable of monitoring Bitcoin network activities directly.

Across the projects mentioned, a common characteristic for the native ZEN tokens is a capped or limited total supply, often designed to promote scarcity. For example, Horizen (ZEN) has a total supply capped at 21,000,000 tokens, mirroring Bitcoin's supply. Similarly, Zenit World implements a capped total supply for its ZEN token and incorporates a burning mechanism to gradually reduce the tokens in circulation, aiming for a remaining supply of 21,000,000 from an initial 153,000,000, thus positioning it as a deflationary asset.

When staking ZEN tokens or engaging in other decentralized finance (DeFi) activities, users face inherent risks. The primary concern is the potential for vulnerabilities or bugs within smart contracts, which could lead to exploits, hacks, or even the loss of staked funds. It is crucial for users to understand that all smart contract interactions carry an inherent risk. Therefore, it is strongly advised to only stake funds one is willing to potentially lose and to always verify if the protocol has undergone thorough and independent smart contract audits to mitigate these risks.