ZYX DeFi & Bridges — UPDATED

5 min readSep 24, 2020

💰 DeFi TOKENOMICS

Pre-sale: 1.000.000 ZYX
Price: $0,25 in ETH
Max. buy: tokens worth 50 ETH

Airdrop Stage 1: 50.000 ZYX allocated
Conditions: Participate in the memes contest. Rewards will be distributed on the basis ¨First come — first serve¨. 100 ZYX each one.

Airdrop Stage 2: 50.000 ZYX allocated
Conditions: Purchase any amount of ZYX token. Rewards will be distributed on the basis ¨First come — first serve¨. 200 ZYX each one.

Airdrop Stage 3: 100.000 ZYX allocated
Conditions: ZYX purchase for 1.5 ETH or more. Rewards will be distributed randomly among participants. 2.000 ZYX each one.

Marketing: 40.000 ZYX

ZYX ERC-20 token will deliver rewards up to 0,8% daily

⏱ TIMING

Whitelist form opens: September 26, 04:00 UTC
Whitelist form closes: September 26, 11:00 UTC

Only those wallets, indicated in the Whitelist, will be eligible to receive the airdrop

Pre-sale starts: September 26, 12:00 UTC
Pre-sale ends: September 26, 15:00 UTC

Airdrop Stage 1 meme contest: September 25, 20:00 UTC

Airdrops distribution:
Stage 1: September 27, 12:00–15:00 UTC
Stages 2–3: September 26, 18:00–20:00 UTC

Uniswap Listing: September 26, 21:00 UTC

🌐 ZYX NETWORK ECOSYSTEM

- ZYX Network Protocol -

ZYX ERC-20 token is backed up by ZYX Network — 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 Foundation -

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

- Bridges & Oracles -

ZYX Network bridges and system of oracles will 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.

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.

📋 CASE STUDY

Bob possesses ZYX coins and wants to use them in the ETH network to increase available liquidity.

1. Using the bridge Bob blocks his ZYX coins and receives ZYX ERC-20 tokens in proportion.

2. 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.

3. The same amount of ZYX will be locked and staked in the native ZYX blockchain.

4. 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.

More people stake — more percentage will be received by participants

APY can be from 96% and up to 252% depending on the quantity of ZYX staked in the liquidity pool. All operations are carried out automatically using smart contracts.

First, the following pools will be supported:

· ETH-ZYX
· USDT-ZYX

🧮 ZYX NETWORK MAINNET METRICS

A few official numbers:

· ZYX has a maximum supply of 9.000.000.000
· The actual supply is 121.707.321 ZYX and can be checked realtime in ZYX EXPLORER
· Circulating supply is 71.462.160 ZYX
· The block height is actually at 475.000 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

⚙️ SMART CONTRACTS

To be announced soon…

🏁 HOW TO JOIN

Pre-sale starts on September 26, 09:00 UTC. Don´t miss it: https://defi.zyx.network

💬 FOLLOW

Discord discussion: https://discord.com/invite/ypNN42S
Don’t miss any update by following our Twitter: @zyx__network
Telegram ZYX DeFi chat: https://t.me/zyxdefi
Telegram ZYX Network general chat: https://t.me/zyxnetwork_en