1. Home
  2. ICO Base
  3. Zen Protocol

Zen Protocol

Financial Services

Overview

Zen is a platform for financial instruments without intermediaries.

Features

Bitcoin integration. Zen Protocol watches the Bitcoin network. Anything that happens in the Bitcoin blockchain can trigger contracts on the Zen blockchain. Zen can act as a sidechain to Bitcoin, using a federated peg, collateral deposit, or, in the future, mechanisms like Drivechain. Zen Protocol uses the full Bitcoin consensus, storing a record of the valid Bitcoin chain with most proof of work.

Multi Hash Mining. Multi Hash Mining is a new way of using many hash functions in Proof of Work mining. Each hash function gets its own difficulty, which adjusts over time to target a hash function ratio. The different hash functions don't have to be used in a set order: if too many blocks are mined using a function then its difficulty increases. Holders of the Zen Native Token can vote to say what the ratio should be. This creates matching incentives for miners and users of the Zen Protocol.

Oracles. Our oracle solution is fast, efficient, and profitable for oracle operators. Oracles can commit to gigabytes of data in a single, 200-byte transaction. Oracle users then pay the oracle operator for each individual piece of data they want to use. The only data which gets written to the blockchain are those which users pay for.

Native token use and issuance. Zen's native token is used to activate contracts. Contracts are pay-per-block, meaning they don't use network resources that they don't pay for. The token is also used to vote on what mix of hash functions should be used in Zen Protocol's PoW.

Crowdsale

Token Sale
ICO start date 29 Nov 2017
ICO end date 29 Dec 2017
ICO token supply 12,000,000
Raised 46,368,226 USD
Legal
ICO Platform No
Token details
Ticker ZEN
Type Utility-token
Additional Token Emission No
Token distribution

12000 000 Byuers

6500 000 Zen Protocol team

1500 000 Reserved

Ratings

Type of scores
Score
Status
Hype score Low Active
Risk score Medium Active

Funding Rounds

Development

Pre-Launch
Launch
Custom blockchain
Testnet
Mainnet
NA NA Yes Done Done

Rating Review and Analytics

Investment rating Info NA
Hype score Info Low
Risk score Info Medium
Basic Review
Zen Protocol ICO Contacts
Website

Ended

Raised: $46,368,226

Start ICO 29 Nov 2017
End ICO 29 Dec 2017
Token ZEN
Price 1 ZEN = 2.79527568 USD
MVP Alpha
Whitepaper View
Zen Protocol rating widget
Rating Get this widget
ICOs that might interest you

Status TBA
Hype score High
Risk score Low
Investment rating Positive


Status TBA
Hype score Medium
Risk score NA
Basic Review NA


Status TBA
Hype score High
Risk score Medium
Investment rating Risky


Status TBA
Hype score Low
Risk score Medium
Investment rating Risky+