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Delhi, India, Jun 04, 2021 (GLOBE NEWSWIRE) – (via Blockchain Wire) There are four main characteristics of the Zoocoin protocol ecosystem.
Zooter – a decentralized Twitter-like platform called Zooter for users to like / dislike posts by burning zoocoins. Zooswap which allows users to switch from one token to another using Pancake swap and there is ZooNFT. Zoocoin, a new cryptocurrency, is set to lead the first crypto-animal farm of its kind known as the Zoolet Protocol Ecosystem. Newly born, the development team hopes to deploy a DeFi platform that reflects the latest blockchain advancements. Zoolet allows users to invest in its native token, Zoocoin, which will be derived from the sum total of SHIB, DeFi, NTF and PIG. The equation is:
Zoocoin = SHIB + Pig + DeFi + NFT wrapped crypto.
Adopters can choose to invest in their favorite animal crypto or purchase a personalized set of Zoolets asset stocks that will reflect the diversity of the larger cryptocurrency market.
What is the value of Zoolet?
Zoolet is the first crypto animal zoo to exist. The platform is based on the Binance smart chain and anchored to its protocol – the Zoocoin protocol. Here are some of Zoolet’s value propositions:
Limits reckless price fluctuations
The Zoocoin ecosystem rewards users on the principles of the static reward mechanism. This mechanism aims to curb platform token price volatility by easing downward selling pressure, known to have a bearish effect. Early adopters are known to cultivate an extremely high number of tokens provided as an ideal token system and sell them in large numbers. As a result, such whaling transactions have a negative effect on the price of the token. The static reward aims to prevent such an event and impose a 10% penalty on transactions. This penalty is then split in half, with one half being redistributed to ZooCoin holders and the other half being burned.
Prevents excessive token circulation
Over-circulation of a given token, cryptocurrency, or fiat results in less demand and, therefore, low valuation. This is an inherent problem with most decentralized platforms. The team behind Zoolet aims to curb Zoocoin’s oversupply by implementing an effective burn strategy.
Zoolets’ engineering team will occasionally oversee manual engraving to promote token scarcity, which will subsequently drive demand and increase the token price valuation. The platform intends to advertise all burns and keep the community informed about the amount of Zoocoins in circulation. Thus improving the transparency of the network and making it more rewarding for users.
Promote decentralized governance
Zoolet promotes the DAO governance model where token holders vote decisions based on the number of tokens they hold. This will decentralize functionality and reward investors who remain loyal and progressive to the platform.
The team behind the Zoolet platform is experienced in both crypto and decentralized finance deployment. It is a fully community platform with 100% transparency. Note that, if you choose to invest in Zoolet Tokens, take into account that you are opening a long-term investment position, which can further increase the value of your stake over time.
You can read more about Zoolet by visiting the website or wiki here.
You can buy Zoolet ($ ZOO) here: https: //dex.guru/token/0x159266b0944f77621f8612a8338597196673c297-bsc
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