The Zentoshi Budget

in #cryptocurrency5 years ago

For the past year and a half, the Zentoshi team has, without any outside funding, developed and established the SunnyNode.com platform, a VPS hosting service. This is the first building block in the Zentoshi Microcosm, and it’s already self-sustaining and serving active users all around the globe. Together with upcoming platforms CloudGSP.com, a game server hosting service, and ZentoshiPay, a payment processor, slated for release in Q4 2019, Zentoshi will have a robust foundation already in place for the launch of the ZenX coin.
This is what sets us apart from other projects; platforms with merchants and payment infrastructure ready to go — straight out of the box.

Importance of use-cases

At its’ heart, Zentoshi believes that cryptocurrency needs a solid foundation of real world use-cases to thrive, otherwise it will quickly become a full-on speculative investment vehicle. With no ground to stand on, the coin will be helplessly dependent on speculative hype; eventually leading to an inevitable collapse. Therefore, Zentoshi seeks to bust out of the gate and hit the ground running with ready-to-go platforms with real world use-cases, along with a meticulous plan for future platforms so as to not run out of steam for the road ahead.
This is why Zentoshi has already developed and established successful services such as the previously mentioned SunnyNode.com. But we are not satisfied yet; we want to expand and create a multitude of products to incorporate into the Zentoshi Microcosm far beyond what will be available at day one of launch. A few examples of additional platforms that are in the pipeline: Zentoshi Vault, Zentoshi Freelance and ZentoshiPay.

The Zentoshi Fund

Almost every cryptocurrency project has a fund to support the development and expansion of their particular ecosystem. Some allocate a percentage of the coin supply to what is commonly known as a “developer fund”, while others use a fee on mining. There are a few projects that rely entirely on donations to fund development — an approach that can be detrimental in the fickle environment of crypto. Despite differences in methodology, every crypto project all share one common denominator; a fund with a budget to finance the advancement of their ecosystem.
Zentoshi has decided to create a fund consisting of 20% of the total ZenX supply at year two, or 700,000 ZenX. This fund will be used to pay for operational costs in the Zentoshi Microcosm such as team and developer salaries, ambitious community programs, regulatory/legal advisers and exchange listing fees.
Supporting a vision to deploy several new online services within two years, the budget is geared towards the construction of these platforms as well as establishing and maintaining a thriving community.

Transparency

We all know the cryptocurrency scene is full of fraudulent behavior. There are dangers lurking around every corner, which is why investors need to be vigilant and choose projects with great care.
Zentoshi is built on an ethical foundation, and hopes to eradicate investors’ concerns with full transparency and honesty in the construction of our Microcosm. All the addresses belonging to the Zentoshi Fund will be made public when the chain is launched and funds are time-locked in accordance with the budget, which can be found in the Zentoshi white paper. Additionally, in the event of the platform growing faster than expected, any unused funds will be burned to decrease the total coin supply.
Check out the White Paper on Zentoshi.com, and follow us on
Medium: https://medium.com/@zentoshipage
Steemit: https://steemit.com/@zentoshi
Twitter: https://twitter.com/ZentoshiCoin
Discord: https://discord.gg/Zcnz474
Telegram: https://t.me/Zentoshi
Facebook: https://www.facebook.com/ZentoshiCoin/
Instagram: https://www.instagram.com/zentoshicoin/

Sort:  

Congratulations @zentoshi! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published your First Post
You made your First Vote
You made your First Comment
You got a First Vote

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Vote for @Steemitboard as a witness to get one more award and increased upvotes!