Zest Coin - Making better masternodes for a better world

smithlite (44)in #cryptocurrency • 6 years ago

Today I have come across a newer masternode coin, with a great team, a superb product, and business plan beyond any of the traditional coins. The one thing I can say is this is not your traditional masternode coin, and they do not plan to be. With regular updates, an engaging team, and a vision to help in the world as much as possible they are destined for great things. Instead of reading me rambling on about this coin and my personal views I am going to present the facts because Zest speaks for itself.

From the whitepaper:

Zest aims to decode cryptocurrencies for the everyday consumer, making the safest form of monetary transactions feel even safer. Rudimentary computer skills and common sense is all it takes to use Zest’s proprietary approach to Dedicated Masternodes. Each Dedicated Masternode Pool is built on the principles of altruism and giving back to the global community, establishing Zest as the world’s first cryptocurrency designed for cyclical good. Whether it’s providing support down the block or across country borders, each fund will give back to global initiatives across five key pillars to create value for both Zest members and the causes they believe in.

Whether a first-time buyer or cryptoficionado, Zest’s proprietary approach to Dedicated
Masternodes means initiatives their owners care about are taken care of across the five pools
defined below.

Accelerated Athletic Pool
Being global doesn’t mean you can’t contribute locally.

The Dedicated Accelerated Athletic Masternode pool aims to provide access, opportunity, and support to groups and individuals interested in sport as both a recreational and professional endeavor. Whether it’s helping local youth organizations afford equipment or a team trying to fund their practice times, Zest aims to elevate athletes of all natures to the next level.

Rapid Relief Pool
Funds on-hand means help comes sooner.

The Dedicated Rapid Relief Masternode Pool aims to help vulnerable citizens in emergency situations by allocating funds to global and local organizations capable of providing just-in-time support services. In the event of natural and man-made disasters, Zest uses reserved funds to enable help in any form required, whether that’s evacuation support, temporary housing, food and water, or beyond. Zest aims to make a meaningful difference when people need it most.

Prosperity Pool
Being part of the platform means you have a say.

The Dedicated Prosperity Masternode Pool looks to support non-profits and charitable organizations that aim to further the public good and focus on quality of life for affected peoples and regions affected around the world. After nominees are shortlisted and voted on, the recipients are revealed in the month of August and receive the total amount of funds (Masternode coin earnings exchanged into BTC or Fiat) found in the Prosperity Pool, allowing them to continue their good work as Zest continues to grow ours.

Scholars Club
A fund to find the next generation of thinkers.

The Dedicated Scholars Masternode Pool awards scholarships equal to one year’s worth of tuition to exemplary individuals looking to pursue post-secondary school education. Whether in nanotech, botany, or needlework, any individual with passion and purpose can apply. The Zest Foundation will blind screen each applicant both in the review and voting process to rule out any inherent prejudice or unconscious bias, ensuring the process is as transparent and equitable as the practice Zest preaches. Furthermore, an application will be made available on the Zest website for all looking to submit.

Club Zest
A fund dedicated to sponsoring our Masternode Owners.

Do you own a Zest Masternode and require funding to propel yourself in front of the big stage? Club Zest is an interactive way for Masternode owners to be sponsored by our platform. Whether it’s participating in a marathon or entering a gaming contest, Zest wants to sponsor our Masternode owners and gear them up for their dreams. For example, own a Zest Masternode and have a friend trying to bring their game to the next level? Nominate them and tell us what they want to accomplish. Furthermore, the goal of this fund is to offer an avenue for our Masternode owners to develop and achieve their goals through sponsorship and support by the Zest platform.

Solution and Use case

Zest’s Smart Growth Approach was reverse engineered to address the fundamental problems highlighted by strategically lowering the amount of Masternodes allocated to the initial team and creating Dedicated Masternode Pools, which offer applicable benefits to Zest’s platform and its users. During Zest’s pre-mine, we will allocate 30 Masternodes, or 75,000 ZestCoins, to our Dedicated Masternode Pools (six Masternodes for the Rapid Relief Pool, six Masternodes for the Scholars Pool, six Masternodes for the Accelerated Athletics Pool, six Masternodes for the Prosperity Pool, and six Masternodes for Club Zest), which are executed through internal and external initiatives. Masternodes are a tool to be used on the network and have been drastically underutilized by prior projects. One of the fundamental problems concerning Masternode coins are teams designing the use cases using the same methodology of thought surrounding how they can be implemented and used. Masternode coins often lure investors into their platforms by noting characteristics such as “dark-send, instant transactions, and eco-friendly.”; however, our research suggests these have become overused. With Zest, we have reverse engineered the current understanding of how masternodes are traditionally used to construct a self-sustaining platform that harnesses the power of blockchain technology to benefit all global users. At Zest, we are self-reliant through the use of our Dedicated Masternode Pools, which allow us to generate funds without the need for external donation or sponsorship. Zest’s Dedicated Masternode Pools allow The Zest Foundation to mine its coins, then in turn, trade them for BTC and fiat, which support the external initiatives.

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