Overview & Vision

Enabled only by the possibilities of blockchain technology, the creation of DAOs (Decentralised Autonomous Organisations) is providing new community-driven solutions to current industry problems in a way never previously possible. One such industry in the greatest need for such an approach is our own crypto space; currently plagued by consistent problems relating to fund security, lack of crypto utility, and especially insecure ICO investments, the Wild West frontier of the blockchain industry often sees participants crying out for a guiding hand and increased security.

This is the vision of Zeon Network, who aim to tackle the current crippling problems of the blockchain space by introducing their own innovative blockchain-based DAO solution to the ecosystem. Zeon Network is essentially a decentralised platform created to provide enhanced security for participants engaging throughout the crypto economy, by performing an array of functions such as facilitating fair regulation and a certain amount of insurance of financing to ICO projects, allowing secure and anonymous fund storage and transactions through the native Zeon wallet, and the active promotion of exchange liquidity for the ZNC token.

As a DAO, the most notable innovation in Zeon Network lies in its community-driven operational mechanism, which we will explore soon. First, we need to outline the various problems being tackled by Zeon’s multi-faceted solution.

Features of the Zeon platform, taken from the Zeon website: https://zeon.network/

Current Industry Situation

The blockchain space in its current state is notorious for the many inherent risks posed to participants; issues relating to fund security, lack of token utility, and the incredibly high-risk nature of the enticing but hugely precarious ICO market are all contributing to the prevention of mass adoption of cryptocurrency and providing current participants with constant concerns and costs, both financial and otherwise.

The unfortunate current state of affairs of the blockchain space means the reality of the situation is that cryptocurrency funds are rarely truly safe. Exchange breaches and wallet hacks are a shockingly common occurrence in our industry, so much so that it is now a standard part of procedure- the next hack is not a matter of if, but who and when. Crypto wallets, similarly, are currently hugely abundant but rarely offer a truly secure solution to fund storage and transactions; this insecurity of funds is an issue which both plagues current industry participants and creates an unappealing environment for wary potential investors.

ICO investment is one of the main appeals of engagement in the space, and arguably one of the biggest drivers of growth for the industry overall, however the market is currently facing a huge problem; a lack of public and community faith in ICOs is surfacing due to the notorious amount of failed projects and- much more alarmingly- the sheer number of scams carried out in the space.

Such hacks and instances of scammers might be commonplace to us already immersed in the space, but the current constant stream of scare stories of lost funds and scam attempts is especially alarming to outside individuals. Furthermore, many platforms themselves are not easily scalable meaning an inherently limited scope for utilisation overall- a crippling problem which must be overcome if mass adoption is ever to be achieved.

These are all currently inherent issues in the space contributing to an unsecure and uncertain participant environment, and which must be gradually yet effectively addressed in order for the space overall to continue to progress.

ZEON Network’s Solution

Zeon Network utilises the possibilities of blockchain to provide an innovative decentralised platform, driven by the community itself, acting to enhance the experiences and operations of participants across the crypto ecosystem. Built on a base layer of blockchain, the Zeon platform will allow for a level of community engagement, fund security, and mutual user benefit like never before possible.

Zeon Network features, taken from the Zeon whitepaper: https://zeon.network/whitepaper.pdf

Community-Driven Approach

Most inherently crucial, as a DAO, is ZEON Network’s innovative community-driven operational model; ecosystem participants will be provided with an array of benefits, such as voting rights to directly decide on ICO funding details. Members will be provided with semi-insured ICO participation, and will be provided with the opportunity earn by participating in the network consensus through masternodes.

Such community-led DAO structures are enabled only by the possibilities of blockchain technology, and unlike traditional organisations which grow less effective as they grow in size only become stronger as the network increases and as community participation grows.

Minimising Crypto Investment Risk

Zeon Network will provide participants with an inherently more secure crypto investing environment, by employing a two-tiered approach of community consensus through voting and also providing a mechanism which sees investors’ funds semi-insured.

The platform houses a mechanism for ICO investment which is truly innovative and community-driven. Not only can investors collectively vote determining the level of funding a project receives, but Zeon Network’s investment mechanism is performance-based, meaning that projects which deliver as expected or better are rewarded for their efforts; this incentivises beneficial behaviour and motivates the project to deliver results- which in turn of course benefits investors.

The platform also offers an innovative mechanism for semi-insuring user investments; when a user invests in a given project, they will invest using a mixture of BTC or ETH, alongside a certain amount of the platform’s native ZNC. If a project turns out to be a scam, for example, then although the BTC/ ETH is unrecoverable, the ZNC is returned to the investor.

Secure, Beneficial Fund Storage & Usage

Zeon Network’s wallet will provide a solution for not only secure storage of funds but also aims to tackle current issues of crypto wallets’ utility and high transaction fees. The use of the platform’s native ZNC token will allow for more cost-effective transfers and the avoidance of exchange hack risks, and will use a POS 3.0 mechanism to provide fast, anonymous transactions around the network.

Aiding Mass Adoption

There are many problems inherent in the current blockchain space which make participation undesirable to many outsiders; the threat of fund loss through exchange hacks, limited token utility and a general investment uncertainty due to the sheer number of unscrupulous actors and projects in the space all form a series of mental and physical barriers to adoption for many.

Mass adoption does not occur overnight- the internet took over 30 years to become mainstream- but solutions such as Zeon Network which promote the improvement of security and user experience promise to do much to accelerate the process.

Zeon is currently cattying out an ICO whereby 50% of the platform's ZNC tokens are being distributed to the public, more information can be found at their website.

Zeon token sale fund distribution, taken from the Zeon whitepaper: https://zeon.network/whitepaper.pdf

Verdict & Summary

DAOs are providing a truly revolutionary community-driven approach to organisation governance and operation. Zeon Network is pursuing the noble vision of harnessing these opportunities for the greater good of participants of the crypto economy; Zeon Network’s solution will not only provide a secure and user-friendly wallet for the simple and stress-free utilisation of funds, but will promote the use of their token for various functions to normalise crypto use, and will provide a community-driven environment for inherently more secure crypto investment.

At its core is a desire to both enhance the experiences and daily operations of those currently operating in the space, but more importantly in my view to provide an environment which is more appealing- and less worrisome- to potential adopters.

DAOs will offer a revolutionary approach to enable community-driven solutions of wide varieties, and Zeon Network’s innovative community-driven vision has the potential to offer a more beneficial experience for ecosystem participants on various fronts.

Have any questions regarding ZEON Network? Join their active community on Telegram where you can discuss anything ZEON-related: http://www.t.me/zeon_officialgroup

Learn more at their website, where you can also find their whitepaper if you want to dig in deeper: https://zeon.network/

Get connected to ZEON Network on social media:
Twitter: https://twitter.com/zeon_coin
Facebook: https://www.facebook.com/zeoncoin/

My Bitcointalk.org profile (leonidas89): https://bitcointalk.org/index.php?action=profile;u=1669790