What is Polkazeck (ZCK) | What is Polkazeck token | What is ZCK token
What is Polkazeck?
Polkazeck is an open-source platform that uses the distribution and decentralized nature of blockchain technology to facilitate more adoptions for the different asset classes in the Polkadot ecosystem
This new project understands some of the challenges that have been cutting down on likely adoptions of Polkadot-inspired crypto assets.
Below are some of the impressive features we should expect in this new Polkadot-inspired crypto ecosystem:
The Polkadot ecosystem is an interesting ecosystem to keep tabs on in the crypto space. Over the last couple of months, many projects from the Polkadot ecosystem (including $DOT and $POLS) have made impressive moves, including an increase in their valuations.
Polkazeck is another project to watch out for because it is committed to creating an inclusive ecosystem that would facilitate the launch of more crypto projects.
In this article, you will find out some of the strategies that this project would be using to open up more opportunities for crypto projects to be launched.
1. Cross-Staking and Rewards
Some crypto projects have adopted incentives as a way to reward their community for a job well done. Many more crypto projects will adopt the same to boost their reach.
Polkazeck is doing something different in that regard by employing the cross-staking alternative, which is an excellent approach to reward the community for their participation.
The cross-staking and reward mechanism is exclusive to investors in the broader Polkazeck ecosystem who staked crypto assets on the platform. The outcome is that such investors will be rewarded with staking rewards.
Already, Polkazeck has set aside 20% of the funds from its income to reward investors in different crypto asset classes, such as DOT, Bitcoin (BTC), Tether (USDT), and ETH.
2. Community Governance
Polkazeck believes that more potential can be gotten out of crypto projects if the community was made a major part of the decision-making processes.
That informed the reason why the platform adopts an open-source or community system of governance. The idea is to make every member and participant of the ecosystem a part of the governance team.
In this open-source platform, everyone member of the broader Polkazeck ecosystem will be allowed to contribute to some of the policies, as well as make financial commitments towards the development of the ecosystem.
Of course, I wouldn’t be leaving out the potentials of immense advancements of this platform because the community members will have different opinions that would play an important role in the development of the Polkazeck ecosystem in the future.
3. Cashback Mechanism
Cryptocurrencies are here to distribute wealth and to cut down on the overbearing influence of centralized parties in the global financial system.
To actualize this, Polkazeck made some researches and realized that more crypto investors will be interested to be a part of a crypto community if their financial interests are accommodated.
One of the ways to do that is via the cashback mechanism that provides additional incentives for members of the ecosystem.
What this means is that the Polkazeck team understands the importance of aiding the reduction of expenses that people make. People need to spend less and make more income.
Therefore, the decentralized governance and the deflationary characteristics of the Polkazeck token (ZCK) will go a long way to help the users to spend less and gain much more.
Also, the 100% cashback for deserving members serves as motivation for more potential investors to consider using the Polkazeck ecosystem for a wide range of crypto transactions.
4. Deflationary Mechanism
Scarcity is one factor that could trigger an increase in the value of a crypto asset. It is mostly facilitated in different means, including reducing the supply of the crypto token, as well as using the deflationary mechanism.
Polkazeck uses the latter, and that means that the deflationary mechanism will be used to prevent a potential worst-case scenario that could cause more of the Polkazeck tokens (ZCK) to be released.
The integration of the deflationary mechanism in the Polkazeck smart contract technology will go a long way to facilitate a reduction in the number of Polkazeck tokens (ZCK) in circulation.
In the long run, only a few of the Polkazeck tokens (ZCK) will be in circulation. That would, in turn, cause more investors to invest in the tokens because less crypto token supply often means more increase in the value.
Future Developments
Polkazeck is also pushing for more innovative developments in the coming month. Here are the major developments that would be launched by this project in the next couple of months:
1. Migration to the DOT Blockchain
In the third quarter of the year 2021, Polkazeck will migrate its ecosystem to the DOT blockchain.
You will agree that DOT is one of the most innovative projects to be launched in the Polkadot ecosystem.
So, the migration of Polkazeck to the DOT blockchain will facilitate faster transactions, as well as making it simpler for users to interact with the Polkadot ecosystem.
2. Monthly Cashback
The cashback mechanism I earlier mentioned is one of the initiatives of this project. To show how important this is, Polkazeck will initiate monthly distribution of rewards to qualified members of the ecosystem.
Before that, the Polkazeck team will ensure that the ecosystem is fine-tuned in a way that can accommodate the different financial needs of the users.
How Polkazeck is Driving Adoption of the Polkadot Ecosystem
What will Polkazeck do?
Polkazeck is an open-source platform that uses the distribution and decentralized nature of blockchain technology to facilitate more adoptions for the different asset classes in the Polkadot ecosystem.
This new project understands some of the challenges that have been cutting down on likely adoptions of Polkadot-inspired crypto assets. So, it is taking advantage of the mastery of those existing problems to create an ecosystem that thrives on decentralization.
There is more to the inputs the Polkazeck ecosystem will make to the Polkadot ecosystem.
How Polkazeck is Driving Adoption of the Polkadot Ecosystem
Below are some of the impressive features we should expect in this new Polkadot-inspired crypto ecosystem:
1. Complete Decentralization
For the last decade, decentralization has been one of the many problems tenable in cryptocurrency ecosystems.
Thus, it appeared like the blockchain technology didn’t have the capacity to bolster decentralization of transactions.
This issue appears to have some traces in the burgeoning Polkadot ecosystem. And that is one of the newest additions that the fast-developing Polkazeck ecosystem is looking to bring into the Polkadot ecosystem.
In this case, we are looking at the creation of crypto projects in a completely decentralized manner. By that, third-party interferences and delays in transactions would be gradually phased out.
2. Development of DApps
The Ethereum blockchain network is famous for one thing — the introduction of the Decentralized Applications, otherwise called DApps.
Now, DApps are one of theinstruments and fundamentals used by many crypto projects to drive adoptions. And it is rightly so because you can use DApps for many things in the cryptocurrency ecosystem, including faster, secure and decentralized access to the Internet.
Polkazeck realized that DApps can be one of the primary fundamentals to boost the adoptions of the Polkadot ecosystem.
That is why the is designed as a Decentralized Autonomous Organization (DAO) that aims to develop more Decentralized Applications (DApps) to be used on the Polkadot ecosystem.
Decentralized Governance Model
If there is one characteristic that cannot be ignored of the Polkazeck ecosystem, it is the choice of governance model it chose to adopt.
The Decentralized Autonomous Organization (DAO) governance model is the type that is built adopt the open-source platform used by the Polkazeck ecosystem.
Worthy of mention is that this governance model allows the community members to be active members, whereby they can air their views and take a position during decision-making processes.
When a crypto ecosystem is run in such a way, it means that the team behind the project is committed to take advantage of the constructive criticisms of the community for the advancement of the project.
By all the community members (especially those that hold or invested in the native token, ZCK) to be a part of the decision-making process; the Polkazeck team will be confident of steady expansion, as the ideas from the community will be used to address both the present and the future needs for the adoption of the project and its underlying products.
3. Future Airdrops
Some cryptocurrency traders raised part of their capital for trading from airdrops. Airdrops are more like _free money _given to selected persons who are either supporting a crypto project or aiding in the marketing and publicity of the said crypto project.
Polkazeck is one of the cryptocurrency projects that believe in the distribution of airdrops to encourage the community and early adopters.
Therefore, there will be future airdrops where the holders or investors in the Polkazeck Token (ZCK) will receive free ZCK tokens.
Aside from the future airdrops of the ZCK tokens, there are also many other ways that holders and investors of the ZCK tokens can earn money for free.
Here are some of the additional ways that you can earn income either for free or for completing some tasks in the Polkazeck ecosystem:
1. Cash Back
The Cash back mechanism of the Polkazeck ecosystem is designed to issue some amounts of the Polkazeck tokens (ZCK) to the token holders as cash back.
It is also pertinent to mention here that the Polkazeck team intends the Cash back mechanism to be solely for the first-timer token holders or the early adopters and investors in the Polkazeck project.
The team is yet to roll out the Cash back mechanism because they are still putting touches to automate things.
Moreover, the Cash back mechanism, when rolled out, will only be transferred or sent to the wallets of the eligible users only once a month.
And the qualification for the cash back may also be calculated by the frequency of the holders to hold a specified amount of the Polkazeck tokens (ZCK).
2. Rewards
The other way to earn free money or passive income from Polkazeck is via Cross-Staking. This income and incentive model is Polkazeck’s way of rewarding the investors who staked some of their crypto assets (especially the ZCK tokens) on the platform.
The Cross-Staking or Rewards mechanism is also an opportunity for those investors to earn rewards in the form of staking rewards for the crypto assets they earlier staked.
In terms of the crypto assets to be staked and the ones eligible to be used for the rewards, the following are preferred:
· Polkadot Token (DOT)
· Bitcoin (BTC)
· United States Dollar Tether (USDT) and
· Ethereum (ETH)
Token Economics
Polkazeck produces the ZCK ticker with a maximum supply of up to 162,000,000. It is allocated to the following portions.
Max. supply : up to 162,000,000 ZCK
Presale: 20%: 32,400,000 ZCK tokens of the total supply will be provided for the upcoming presale.
Marketing: 20%: 32,400,000 of the total ZCK token supply will be minted for marketing purposes.
Ecosystem: 35%: 56,700,000 of the total ZCK token supply are allocated to establish Polkazeck’s ecosystem.
Team: 10%: 16,200,000 ZCK tokens will be minted for the team in a certain period after launching.
Liquidity: 10%: 16,200,000 ZCK tokens are provided for liquidity under the project team’s concession.
Reserve: 5%: A total of 8,100,000 or 5% of the token supply will be regarded for the reserve.
After a successful and oversubscribed private sale of ZCK tokens, our team is excited to share the Pre-sale details which will be held on **SAFU platform **with the community.
Initial distribution Details
Token: ZCK
Contract: 0xedb7b7842f7986a7f211d791e8f306c4ce82ba32
Soft cap: 50 ETH
Hard cap: 200 ETH
Pre-sale allocation: 32,400,000 ZCK
Uniswap Liquidity: 16,200,000 ZCK
Due to the overwhelming demands for the private sale, an additional 2,557,000 ZCK will be added to the sales allocation to cover for sales deficit bringing the total number of tokens for the private sale, presale and Uniswap listing to 51,157,000 ZCK. Initial Circulating Supply: 51,157,000 ZCK.
NB: Total tokens allocation for private sale, pre-sale, and initial uniswap liquidity with additional tokens to complete the oversubscribed private sale equals 51,157,000 ZCK
Date and Time of ZCK Presale?
Date: 3rd of March 2021
Time: 17:00 UTC
- Private Sales
1 ETH = 203,000 ZCK
Minimum Cap: 0.5 ETH
Maximum Cap: 5 ETH
Initial Hard cap: 20 ETH
Eventual Hard cap Raised: 35 ETH
Total Private sale Tokens: 7,105,000 ZCK
2. Presales:
1 ETH = 168,800 ZCK
Minimum Cap: N/A
Maximum Cap: 3 ETH
Hard cap: 165 ETH
Total Presale Tokens: 27,852,000 ZCK
3. Initial Uniswap Liquidity:
1 ETH = 135,000 ZCK
Total Uniswap liquidity tokens: 16,200,000 ZCK
60% of raised funds (120 ETH) will be locked as uniswap liquidity
Use of funds
Uniswap liquidity 60%
Cross staking Rewards 20%
Marketing 10%
Product development 10%
52.5% of ZCK total supply is locked (private sale and pre-sale allocation will be fully tradable at launch).
**60% **of raised funds in both private and pre-sale rounds will go to the initial liquidity.
How and Where to Buy Polkazeck (ZCK)?
ZCK has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy ZCK
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since ZCK is an altcoin we need to transfer our coins to an exchange that ZCK can be traded. Below is a list of exchanges that offers to trade ZCK in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase ZCK from the exchange.
Exchange: Uniswap (V2)
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ZCK gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
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