Zenland escrow contracts could be used for real-world purchases

janicrypto (39)in #zenlend • 2 years ago (edited)

Zenland as a smart contract escrow dApp is inspired by the need for decentralized escrow that is transparent, simple, geographically unrestricted, and less expensive than other existing escrow services. As a team with backgrounds in digital marketing, IT, web3, and cryptocurrency trading, we had to deal with strangers through P2P marketplaces and forums.

To avoid being scammed some of us used third-party escrow, and some spent time researching other user's IP, location, social media profiles, forum posts and activity, service reviews, etc.We have become increasingly frustrated with how inefficient, human-dependent, and costly P2P trade became. This made us realize that many more people had to pay heavy escrow fees, go through hurdles of paperwork, or spend hours figuring out if the person they deal with can be trusted. Altogether it has contributed to the idea of a simple UI to create, deploy

USE CASES

For their unique qualities, Zenland escrow contracts could be used for real-world purchases and sales worth $10 to $10 million and more.

Online commerce

Everything from domain names and websites to small electronics and sports gear can be traded through simple

escrow contracts. Users set custom conditions, networks, and tokens, and verify contract operations and payment via applicable blockchain explorers.

OTC trade

Buyers and sellers within the same city can trade directly as easily as buyers and sellers from different parts of the world. Simple one-page smart contracts with multiple network integrations allow setting mutual terms to safely transfer in-game assets, collectibles, or crypto.

Freelance services

Contract conditions approved by both sides, affordable fees, and blockchain transparency remove the confusion freelancers and their clients often experience. For each contract users agree on the number of edits, contracted work hours, output details, due date, inspection time, etc.

Digital art and NFT

Blockchain transparency and secure web3 access to a smart contract escrow ensure a safe and anonymous ownership transfer of non-fungible tokens and the transfer of digital artwork. Its permanent record of all contract transactions remains indefinitely in the blockchain.

ZENLAND FEATURES

The following features uniquely define Zenland as a secure and simple escrow solution for trustless peer-to-peer trade.

Decentralized — No third-party or central authority can control or execute Zenland escrow contracts. Users time-lock the escrow funds in the contract stored on the blockchain and not someone’s private account.

Easy-to-use — Zenland has a built-in escrow contract template, an interface to manage contracts, a contract chat with transaction logs, and a notification system. This ensures the contracts are easy to create, manage, and execute at all times.

Anonymous — Users connect via web3 wallets. No personal data that directly identifies a user (KYC), other than the standard browser data, is collected or stored on our server before, during, or after the contract execution.

Trustless — Users don’t have to trust each other or any third party, including the Zenland team, with the escrow amount. It is stored inside a smart contract on the public blockchain and is only released by its direct participants.

Real-time — Synchronization between a blockchain network and a user interface allows users to execute smart contracts in real-time. If necessary, users on both sides may stay online to fulfill their contracts without delays.

Multichain — At this point, Zenland platform has 5 major blockchain network integrations: Ethereum, Polygon, Avalanche, Binance Smart Chain, and Fantom Opera.

Accessible — Unlike traditional escrow services, our smart contract escrow does not choose bank systems, credit cards, countries, or continents. Users transfer and release escrow funds in universal stablecoin currencies: USDC, USDT, DAI, or BUSD in their blockchain networks of choice.

Affordable — With no bank or wire transfer fees, minimum service fee, or upfront arbitrage commission Zenland is affordable to users regardless of status or income. The service fee percentage decreases (up to 0.5%) as the escrow amount increases.

Unique — Testers and early adopters like features like contract chat, its review system, or terms editing and approval. For example, a chat integrated into a specific contract automatically displays any edits, approval, transfer, or fulfillment of that contract

What is Zenland Fee (ZENF) Token?

Zenland Fee (ZENF) utility token is an ERC-20 token primarily used as payment for each smart contract deployment through the Zenland platform. The use of the ZENF token is incentivized by the 50% bonus credited to the user’s internal balance.

Part of the ZENF tokens returned in service fees will be burned to increase the value of tokens by decreasing their number in circulation.

Alongside its use as a service fee along with other cryptocurrencies, ZENF tokens are used to reward early adopters and Zenland community members. Also, a snapshot taken at the time of the Zenland governance token mint will reserve ZENF token holders priority access to its DAO TGE.

Standard token benefits include early access to new smart contracts, future participation in liquidity pools and stakings, launchpad sales, etc.

ZENF Token Allocation and Vesting
Zenland Fee (ZENF) token has a finite supply of 200 000 000 $ZENF tokens and its amount cannot go over this maximum supply at any time in the future. ZENF tokens will be allocated to major categories according to the following schedule.

ZENF TOKEN INFORMATION

Ticker: ZENF
Type: ERC-20
Network: Ethereum
Decimals: 18
Max supply: 200,000,000
Total supply: 200,000,000
Contract: 0xE9b7B5D5e8d2BCC78884F9F9099bfA42A9e5c1A5

TOKEN ALLOCATION

21% Marketing
42,000,000 ZENF
4 months cliff, linear block-by-block release in 24 months

18% Development
36,000,000 ZENF
4 months cliff, linear block-by-block release in 24 months

18% Presale
36,000,000 ZENF
3 months cliff, linear block-by-block release in 3 months

15% Team
30,000,000 ZENF
12 months cliff, linear block-by-block release in 24 months

10% Community
20,000,000 ZENF
10% (1% of total supply) at TGE, linear block-by-block release in 12 months

8% IDO
16,000,000 ZENF
Fully unlocked at IDO

5% Early adopters
10,000,000 ZENF
Zenland user reward funds; used as per program needs

5% Treasury
10,000,000 ZENF
Reserve funds for building Zenland DAO and unforeseen needs

Distribution of ZENF tokens will vary depending on the allocation category. To assure belief in the project’s value-driven utility and our will and capacity to bring smart contracts to the mainstream, Team tokens will have the maximum lockup and vesting periods of 12 months and 24 months respectively.

PRESALE

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