What is Zenland Fee ($ZENF)?
Zenland smart contract platform is a no-code smart contract platform where anyone buying or selling products/services can be sure the deal is safe. This is done through a smart contract, a simple programmable agreement between two parties. Such agreement is written in the form of computer code and stored on the blockchain. Smart contracts are simpler and faster alternatives to formal agreements. They can easily be created and deployed through the Zenland platform by anyone without knowing how to code.
Zenland Fee (ZENF) tokens are ERC-20 utility tokens on Ethereum used to pay for all the services provided by Zenland or earned as a reward for participation in the official Zenland community programs.
What is the utility of $ZENF?
Reduced fees
ZENF is used to pay the service fee for both escrow and marketplace contracts (and all other released types of contracts within the Zenland ecosystem). Adding ZENF to their internal wallets, platform users get a 50% bonus to their balance.
Community rewards
Early adopters of the Zenland platform (web3 escrow & marketplace) are rewarded with ZENF tokens. It is also used for contributor programs (hackathons, bug bounties, airdrops, etc.) to grow the overall value of the project and its token.
DAO TGE benefits
When the Zenland DAO community is formed, all ZENF token holders will have priority access to governance token generation events and other DAO member benefits, including voting for improvement proposals and profit sharing.