Zap Protocol
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Zap Protocol

Zap March Update 2019

Zap has launched a completely decentralized tokenized bonding curve curation market, comprised entirely of smart contracts live on mainnet!

Use the platform now at admin.zap.org (use metamask).

When we initially wrote our 2017 whitepaper, our main focus was utilizing this crypto-economic market mechanism for connecting smart contracts with data. As we continued to develop out the platform, we realized the potential of bonding curves extends well beyond this initial use-case.

One of these new use-cases, which is currently available on our platform, is the ability to launch an ICO!

Generating a curve that issues erc20 secondary tokens eliminates the need for liquidity, exchange listings, or market makers as participants can enter and exit positions and have an increase or decrease in value by interacting directly with the contracts.

Keep an eye out for new use-case releases as we continue to develop and fine-tune future templates.

Here are some bonding stats as of today, March 29th:

Number of Dots issued:

CoinCap.io — 44,650 Dots

BinanceSignal — 9,146 Dots

TrendSignals — 12,784 Dots

Poloniex — 2,893 Dots

BitStamp — 1,831 Dots

YahooQuotes — 1,976 Dots

Fomopoints — 600 Dots

Bittrex- 265 Dots

Binance — 118 Dots

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Number of Zap bonded:

CoinCap.io — 1,309,383.58 Zap

BinanceSignal — 87,559.23 Zap

TrendSignals — 127.84 Zap

Poloniex — 62,112.71 Zap

BitStamp — 29,588.96 Zap

YahooQuotes — 33,364.76 Zap

Fomopoints — 6,003 Zap

Bittrex — 71,815 Zap

Binance — 14,632 Zap

In total, there are currently 74,263 Dots issues across all oracles. The total number of Zap bonded across all oracles amounts to 1,614,587.08 Zap.

In our previous monthly update, there were 38,096 total Dots issued and 812,389.03 total Zap bonded. This means a percent increase for bonded Zap of +98.75% and for Dots in circulation of +94.94% between these two updates!

To encourage the most diverse community of long term tokenholders and, as we anticipate, participants in the Zap marketplace and related ecosystem, Zap management has locked up (restricted from sale) 240 million tokens. This is in accord with the Zap original projected budget released in 2017.

Here’s a recent article where we detail what we’ve built and some exciting tools on the way: https://medium.com/the-zap-project/zaps-decentralized-platform-b11cda2797d

Be sure to see all the new endpoints that have been added since the launch of mainnet at admin.zap.org.

For any (eventual) use-case on our platform, anyone in the world can run a server, host an oracle, and list it on our platform. In order to fuel the adoption of this technology, we will continue to focus heavily on developing templates in order to make our platform as developer friendly as possible. We will also continue to pursue valuable partnerships where our platform would be utilized.

This week, trading began for Zap on the decentralized IDEX exchange!

Currently, trading pairs are listed for ZAP/ETH [https://idex.market/eth/zap] and Zap/WBTC [https://idex.market/wbtc/zap].

Stay up-to-date with this project by following us at:

Telegram: t.me/ZapOracles

Discord: https://discord.gg/3tpJ82R

Twitter: @ZapOracles

Facebook: @OfficialZapStore

LinkedIn: Zap

Reddit: /r/ZapStore

Medium: The Zap Project

The fine print: All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. The links included herein are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Zap of any of the products, services or opinions of the corporation or organization or individual. The Zap project, Synapse Foundation and affiliates bear no responsibility for the accuracy, legality or content of these external sites or for that of any subsequent links.

The Synapse Foundation is an Isle of Man non-profit organization with offices in Zug, Switzerland. The Synapse Foundation was formed to build, promote, and oversee the Zap project. The organization is committed to community engagement and sponsoring user participation within a world of decentralized data. Zap is an intellectual property owned by the Synapse Foundation. Nothing herein, nor any related documentation issued by the Synapse Foundation or Zap project team, shall constitute legal, tax or investment advice.

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Zap Protocol provides critical infrastructure built to power the next wave of decentralized applications. Users can swap tokens, earn rewards by validating oracle data feeds, and raise funds on customizable bonding curves on our platform.

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Stefan Furris

Stefan Furris

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