Hello,
Here is ZeusNet team. Today, we’d like to talk to you about our ZeusNetCoin or ZNC utility token.
If you are new to ZeusNet, please take time to review our brief introduction.
So, what is ZNC or ZeusNetCoin? How does ZeusNet work? And why do you need ZNC?
As you know, ZeusNet is establishing a supercomputing ecosystem with a trading platform, supercomputing network, Đ app development framework and ZNC (ZeusNet token). With the ZNC, it perfectly links the computing power resource trading, Đ app creation and consumption, Đ app computing power leasing, Đ app own ecosystem together. This will allow to rapidly turn digital assets and commercial value into one unit.
ZeusNet uses ZNC as the main currency, it can “fork” to different tokens, and the other tokens can anchor ZNC to implement the exchange with other digital currencies such as BTC / ETH. For example, in a CDN scenario the CDN token can be issued; in the GPU computing power scenario, the GToken can be issued, and different games can issue different types of Token(Texas, Lotto, etc.). The issuing of token makes it easy to implement independent billing models in different Đ apps systems. Each token and ZNC will be anchored according to the deposit, and this establishes the complete and secure value system.
In other words, ZNC is the blood that drives the running of the ZeusNet’s sharing ecosystem. The commercial usage for ZNC is mainly focused on transaction payment vouchers for all kinds of business activities in the ZeusNet, such as the computing power resource trade transaction fee, the advertising fee, the platform usage fee, the trading fee and so forth. The Đ apps can anchor with ZNC and issue their own tokens for their sub-ecosystems.
Finally, the ZeusNet leverages the DPoS Consensus algorithm to enable the users to vote on the community activities based on how many ZNC they have in hand. The more coins they have, the greater the vote weight will be. And the users who have less number of ZNC can delegate to the trusted people to do the Aggregate voting.
So, how does ZeusNet platform work? And why do you need ZNC?
ZeusNet’s computing power resource trading platform provides a matching platform for global computing power resource provider and demander. It utilises the ZeusNetChain to ensure the rapid matching and fair trading. Computing power resource provider/demander will post the features of the computing power resources that they will lease/purchase, and the corresponding ZNC quotation/payment information to the ZeusNet trading platform. ZeusNet helps both parties to complete the match rapidly and once both parties approve the transaction, smart contracts from the ZeusNet will be automatically triggered and saved in the shared book to ensure the fairness of the transaction.
After that, the demander can deploy the Đ app running environment which needs to use the computing power of the rented computing power to process. ZeusNet is in charge of packing the Đ app environment to the Docker file and distributes it safely and reliably to the designated computing power resources as instructed by the requesting party and then start to run.
ZeusNet is also be used to monitor the use of the computing power resources and save it to the ZeusNet shared book, together based on the previous signed smart contracts by both partners to calculate the actual computing power resource consumption status, so to complete the ZNC auto payment.
To learn more about Zeusnet and ZNC utility token, we kindly invite you to visit our website.
Sincerely,
ZeusNet team.
