Blockchain technology is a distributed and decentralized system that offers transparency, security, and immutability. Due to blockchain technology, trading and tracking assets and values have become more accessible. Blockchain records information, making it difficult or impossible to change or hack the system. Blockchain technology has some disadvantages despite being an excellent replacement for the conventional banking system – centralized finance.
Zompot Token is a project designed to solve these restrictions that come with blockchain technology. The primary goal of Zompot Token is to provide users with a transparent way to carry out their daily transactions and solve privacy and security problems that may occur on the blockchain network.
Introduction to the Zompot Token Project
Zompot Token is a project built on the Binance Smart Chain. It aims at providing its users with multi-option and secure investment opportunities. The Binance Smart Chain was chosen because of its stability, reliability, and low transaction fees.
Zompot allows users to protect their investments against inflation on a platform that provides fast and secure transactions.
Zompot Token will also be available in the metaverse; users can start businesses in the metaverse. The Zompot system supports swaps between Zompot currencies at market rates. Over time, more currencies will be added to the list.
Features of Zompot
- Security: Between 2018 and 2022, the bitcoin market saw losses of almost $1B, which are only the recorded occurrences. The loss was caused by hackers who could overcome the precautions and defenses built into the crypto ecosystem. Security lapses and money theft have a history at some of the biggest exchanges now in use. Such shoddy levels of security are unacceptable given the several other exchanges that have had their security breached and had customer data or cash stolen.
Zompot consists of the techniques used to ensure the confidentiality, integrity, and accessibility of information and is designed to be easy to use and secure. Security mechanisms provided by Zompot would ensure that information would only be disclosed to those who need to know about it and that it would only be utilized following the owner’s specifications.
- Privacy: Because all of the network’s public keys are visible to the public, the blockchain system is vulnerable to transactional privacy leakage. Data breaches have become more common as technology has advanced and is widely used. User information and data are frequently stored and mishandled. Some tokens in use already lack adequate privacy, which often leads to fraudulent activities and numerous scams, most of which are caused by revealing transaction details and user anonymity.
Privacy is yet another feature of the Zompot token that sets it apart from the competition. Zompot addresses this issue by detaching transactions from the source of the payment. The Zompot token is used to create decentralized anonymous payment schemes [DAP schemes]. A DAP scheme allows users to pay each other directly and privately while concealing the payment’s origin, destination, and amount. This addresses a significant issue in Blockchain security and demonstrates why Zompot is the most secure and safe investment option for investors.
- Finality: Some general-purpose cryptocurrency blockchain projects demonstrate that finality is never truly final. They use probabilistic consensus, which means that the more blocks produced, the closer a project gets to completion. Still, there is always the possibility of reversion, which is a significant issue in Blockchain technology.
Transactions using Zompot are less than 1kb and take less than 6ms to verify, making them more efficient than the less anonymous Zompot token and competitive with other tokens. This means that any Zompot transaction is final and cannot be reversed.
- Transparency: Recently, crypto projects have been less than transparent about their projects, including the investors involved, how much they received, and operational fees such as transaction fees.
All users have access to a valid snapshot of the currency’s ledger at all times. The ledger is a series of transactions that can only be appended. Transactions include transactions in the underlying currency and new transactions introduced by the construction. The design enables users to mint, merge, and split coins.
With all these features of Zompot, it still presents advantages like the speed of transactions, easy accessibility, protection against inflation, transactional freedom, security, and exponential growth of the industry.
The total supply of the Zompot token is 500,000,000, with a starting price of $0.005. The pre-sales of the Zompot token will be in three stages, stage 1, stage 2, and stage 3. Stage 1 involved the sale of 18% of the total supply (90,000,000), which started on the 18th of July 2022 and ended on the 15th of August 2022. Stage 2 involved the sale of 7.5% of the total supply (37,500,000), kicked off on 15th August 2022, and is still ongoing. The final stage of the pre-sale of the Zompot token will start on the 5th of September, 2022, and end on the 26th of September. Sales planned for the final stage are 4.5%(22,500,000) of the total token supply.
Zompot has also allocated tokens for various uses to achieve price balance and stability, prevent fluctuations, and yield the highest return on investment.
- 5% to the legal department
- 10% to the marketing department
- 35% for public sales
- 30% for ecosystem and development, from which 5% will be unlocked every month
- 15% for private sales
- 5% to the team.
Zompot offers bonuses to individuals who purchase using other cryptocurrencies. For purchases in the first stage of pre-sale, a bonus of 8% will be awarded. Users who buy in the second and third stages receive 5% and 3% bonuses, respectively.
When Bitcoin (BTC) is swapped for the Zompot token, a 13% reward is received by the buyer. Similarly, when Dogecoin (DOGE) and Shiba Inu (SHIB) are swapped for the Zompot token, 12% and 14% of rewards are received.
Cardano (ADA) is one of the cryptocurrency’s fastest-growing blockchains. Cardano (ADA) intends to build a decentralized app (dApp) development platform that can be used to create smart contracts. The Cardano platform’s transaction speed is attributed to the platform’s efficiency and ability to scale, making mining easier. ADA is the digital cryptocurrency the Cardano (ADA) platform uses to store value and send and receive funds on the blockchain.
The governance of the Cardano (ADA) platform is comparable to that of the Ethereum (ETH) platform. Cardano decentralized autonomous organization (DAO) members are trusted to approve new initiatives and make network-wide decisions.
A comprehensive examination of the Cardano crypto network reveals that it is a promising alternative to existing blockchain platforms. The Cardano blockchain can support staking thanks to the Ouroboros Proof of Stake consensus protocol. Simultaneously, the native cryptocurrency, ADA, has emerged as an essential tool in the Cardano ecosystem.
Polygon (MATIC) is a technology that enables blockchain networks to interact and scale. Polygon is a blockchain-based project that connects Ethereum-based projects. The Polygon offers its users the scalability, flexibility, interoperability, security, and structural benefits of the Ethereum blockchain. The Polygon platform is powered by its cryptocurrency, MATIC.
Polygon is an ERC-20 token compatible with other Ethereum projects. Polygon employs a modified proof-of-stake consensus mechanism. The Polygon (MATIC) network aims to address the Ethereum network’s limitations by providing users with faster transaction speeds and lower transaction costs while still providing all of the Ethereum network’s benefits.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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