What is ZooCoin on the Fantom Network [Fantom Series]

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Welcome to today’s show. This is another one in the Fantom ecosystem series and today is all about ZooCoin. ZooCoin is an ecosystem of decentralized applications built on the Fantom network, Zoo provides unique solutions for people to manage their crypto investments. Its main idea is to attract a wide spectrum of new users by making crypto investments fair and transparent zoo is the primary token of the project and it’s used within the ecosystem. Among the various developed and planned projects. The ecosystem consists of the following applications ZooWallet, ZooPet, which is NFT marketplace ZooCharts, which is a charting provider ZooDecks, which is a decentralized exchange and ZooTrade, which is an exchange aggregator, so let’s break down the benefits and technology ZooWallet is a crypto wallet with analytics functions. 

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ZooPet is an easy to use NFT marketplace and NFT creators can greatly benefit from the low fees on the Fantom network. You can also mint new NFT’s with really good pricing. And this means that you can create original artwork on ZooPet. It’s cost efficient, and for new artists. It’s a good way to start out as well. Some of the key features of ZooPet are NFT minting and trading and categories for original artworks, memes, photography, collectibles, and more. There’s a section with official NFT partnered with ZooCoin and there’s an ability to tip artists, history of trades and actions for each NFT. All the transactions on ZooPet are made with paying with the ZooCoin, the Zoo Token so the fee for minting a new NFT is 250 Zoo. Next on the list is ZooCharts and it is a native charting provider for the Fantom network. It makes trading and investing easier and you can view historical price data for tokens. 

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Its main features are charting any pair on the Fantom AMMs, and comparing the current price of a token among different AMMs tracking pair volume and liquidity as well as viewing recent market trades and liquidity events and tracking new token pairs across Fantom AMMs. Next on the list is ZooDex, and it’s a decentralized exchange operating on the Fantom network. The key features of ZooDex is that it’s separate from other Dexes with limit orders, lightning fast speed of the UI, and trading liquidity info as shown on the UI and being updated in real time. Embedded ZooCharts displays the price of a token in real time, improved pair choosing mechanism, order book and a verification program. So there’s a lot going on with ZooDex, it might be something you want to check into ZooDex aims to be the most attractive platform for new tokens to do an initial launch on. Some of the benefits of launching a token on ZooDex are listing in the default token list with your logo and position advantage based on the verification level. 

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All tokens can be used in limit orders by default with no additional actions needed and listing on the ZooWallet portfolio tracker dashboard. Next on the list is ZooTrade and instant exchange aggregator and it also of course, operates on the Fantom of network and its algorithm picks the most efficient swapping route across different Dexes to get better rates compared to using a single Dex. So who are the founders of this whole ZooCoin project? The project was the idea of Ivan Rumak, an engineer and security expert and later he showed it to two other friends and they joined Ivan as co founders and they brought the initial idea into reality. So let’s go over the Zoo tokens for a minute. There’s ZOO Z-O-O, which is the governance token for voting various proposals within the Zoo ecosystem. There’s also the WILD token. And this is the second native token of the Zoo ecosystem. And it gives you exactly the same benefits that ZOO does, but it has its own features as well. 

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The key difference from ZOO is the fact that WILD is inflationary, which means you can put it on ZooDex farm and earn multiplied reward. The next one is xWILD and its multiplier booster token for ZooDex farms. And it can also can be used for unlocking premium features and having a government vote weight. Holding xWILD gives users an additional farming multiplier boost up to 15%. So I hope that this is unpacked for you. And maybe it’s your first introduction as to what is ZooCoin, but this is definitely something to take note of and to do some more research on. If you liked today’s episode, definitely like and subscribe to the podcast. I love reading your five star written reviews. We have listeners literally from every corner of the world spanning six continents. And if you want to reach out to me, you can send me a message at show@newtocrypto.io again that show@newtocrypto.io and I love hearing from you guys. So until tomorrow, make it a great day.

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