ZYX DeFi

💎 WHAT IS IT ABOUT?

ZYX Network is a real blockchain protocol with more than 15K of active users and community spread all over the globe after 3 months of being launched.

ZYX is already traded on BitForex exchange and by the moment shows ROI of +200% and Market Capitalization around $20.000.000.

Shortly a ZYX Foundation is going to be launched in order to provide grants to developers, leaders, and ambassadors fostering a global expansion of the core project.

Using smart contracts and bridges, we can significantly reduce the costs of transfers, while the ETHEREUM network is overloaded and transfer fees can reach $50 per transaction, the bridge interface and ZYX network technologies can use various networks, as well as liquidity pools in these networks in order to make transfers and exchanges on the networks cheaper. At the same, the bandwidth of these same networks will be increased and filled with liquidity for fast and inexpensive decentralized exchanges.

📋 CASE STUDY

Bob possesses ZYX coins and wants to use them in the ETH network. Using the bridge Bob blocks his ZYX coins and receives ZYX ERC-20 tokens. After that Bob can stake ZYX ERC-20 tokens in liquidity pools of ETH-ZYX or USDT-ZYX and farm commission from swaps on UNISWAP and percentage for staking ZYX in the pool as the same amount of ZYX will be locked and staked in the native ZYX blockchain. The percentage will depend on the actual percentage in the ZYX Network blockchain according to the pillows of PoS algorithms. You can read more regarding staking and rewards in the ZYX Network WP.

All operations are carried out automatically using smart contracts.

APY can be from 96% and up to 252% depending on the quantity of ZYX staked in the liquidity pool.

More people stake — more percentage will be received by participants

First, the following pools will be supported:

• ETH-ZYX
• USDT-ZYX

🌐TOKEN DISTRIBUTION

A little bit of official numbers:

• ZYX has a maximum supply of 9.000.000.000
• The actual supply is 119.247.988 ZYX and can be checked realtime in ZYX EXPLORER
• Circulating available supply is 69.002.927 ZYX
• The block height is actually at 421.000 blocks with an average time of generating a new block every 10 seconds

50.245.061 ZYX have a lock-up period until December 13th, 2020

🌀 BRIDGE / ORACLES

Blockchain oracles are third-party services that provide smart contracts with external information. They serve as bridges between blockchains and the outside world.

Blockchains and smart contracts cannot access off-chain data (data that is outside of the network). However, for many contractual agreements, it is vital to have relevant information from the outside world to execute the agreement.

This is where blockchain oracles come into play, as they provide a link between off-chain and on-chain data. Oracles are vital within the blockchain ecosystem because they broaden the scope in which smart contracts can operate. Without blockchain oracles, smart contracts would have very limited use as they would only have access to data from within their networks.

It’s important to note that a blockchain oracle is not the data source itself, but rather the layer that queries, verifies, and authenticates external data sources and then relays that information. The data transmitted by oracles comes in many forms — price information, the successful completion of a payment, or the temperature measured by a sensor.

To call data from the outside world, the smart contract has to be invoked, and network resources have to be spent. Some oracles also have the ability to not only relay information to smart contracts but to send it blockchain oracles are third-party services that provide smart contracts with external information. They serve as bridges between blockchains and the outside world.

Blockchains and smart contracts cannot access off-chain data (data that is outside of the network). However, for many contractual agreements, it is vital to have relevant information from the outside world to execute the agreement.

This is where blockchain oracles come into play, as they provide a link between off-chain and on-chain data. Oracles are vital within the blockchain ecosystem because they broaden the scope in which smart contracts can operate. Without blockchain oracles, smart contracts would have very limited use as they would only have access to data from within their networks.

It’s important to note that a blockchain oracle is not the data source itself, but rather the layer that queries, verifies, and authenticates external data sources and then relays that information. The data transmitted by oracles comes in many forms — price information, the successful completion of a payment, or the temperature measured by a sensor.

To call data from the outside world, the smart contract has to be invoked, and network resources have to be spent. Some oracles also have the ability to not only relay information to smart contracts but to send it back to external sources.

⚙️ SMART CONTRACTS

To be announced soon…

🏁 HOW TO JOIN

You can start stocking ZYX coin via BitForex to be prepared once the liquidity pools are launched in September.

💬 Follow

Discord discussion: https://discord.com/invite/ypNN42S

Don’t miss any update by following our Twitter at: @zyx__network