$ 0.207 1.72%
Zynecoin (ZYN) Rank 4696
| Mkt.Cap | $ 0.00000000 | Volume 24H | 269,097.00ZYN |
| Market share | 0% | Total Supply | 51.01 MZYN |
| Proof type | N/A | Open | $ 0.20 |
| Low | $ 0.20 | High | $ 0.21 |
Zynecoin ICO
Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels. Cryptocurrency investing is high risk and investing in Initial Coin Offerings (ICOs) is a highly speculative investment so never risk more than you can afford to lose. The Cryptocurrency market is not regulated in the UK and most other territories, which means that you will not have the protection of the Financial Ombudsman Service or the Financial Services Compensation Scheme or their equivalents. No crypto news related to ZYN found, if you're aware of anything related to Zynecoin, please let us know.
At the moment, the open-source code for Zynecoin that is publicly available on Github is limited to the Ethereum smart contracts for its ERC20 token and crowdsale. The Zynecoin team is developing a cryptocurrency (Zynecoin), a blockchain system (Wethio), and an incubation center (Zynecoin Academy). These solutions are focused primarily in Africa and aims to support economic development, drive technological innovation, and improve market standing throughout the continent. Zynecoin was created with the intention of supporting African startups and humanitarian initiatives.
All content on TrackICO is meant to be used for information purposes only, and should not be taken as financial or investment advice. Zynecoin token can be used on all developed applications, it will allow its owners to benefit from an integrated economy whilst benefiting from Zynecoin advantages.
All this is just a tiny description of the immense potential and multiple possibilities that Zynecoin and the Blockchain offer today. the Zynecoin, and the Blockchain WETHIO which is extremely favorable to Africa and its development, initiated by a multidisciplinary team, very committed and housed in the heart of the ocher city, Marrakech. Quite in line with the dubious nature of the project, its ZYN token has so far not been listed on any reputable cryptocurrency exchange. It was initially only listed on IDAX, the same IDAX whose CEO appears to have recently disappeared with the only means of access to the exchange’s cold wallets. One could hypothesize that because of his longstanding, multiple problems with law enforcement Dieudonné decided to engage in promoting Zynecoin.
We also provide rich advertisement campaings to advertise your bussiness on this website. Zynecoin is a cryptocurrency token created with the intention of providing back and support to African startups and humanitarian initiatives. The Zynecoin token will also split mining commissions so that a healthy portion of them will be used to contribute directly to African state treasury funds.
According to the report, in the beginning, the project’s official name was Zeencoin instead of Zynecoin but its French-Moroccan founder Karim Benabdelkader decided to change it, supposedly in order to tackle the undeserved bad publicity. Benabdelkader also has a shady past, with a French court having prohibited him from managing enterprises for 15 years in 2012. The report’s author and the experts he contacted were unable to verify the identities of the purported other members of the project’s team. The African continent will benefit greatly from its services offered on the blockchain and off the blockchain, in the real world. The information provided here does not constitute investment advice, financial advice, trading advice or any other sort of advice and you should not treat any of this content as such.
To ensure maximum security, Zynecoin’s smart contracts and emerging blockchain are backed by the well-established Ethereum blockchain. Today Zynecoin price in US dollars is currently 0.5497 USD, and if converted to Bitcoin is 0. Zynecoin prices are currently experiencing a change of -1.32 %, check all cryptocurrency. Over the past 24 hours 0.006 M US dollars Zynecoin has been traded on Crypto Exchanges. Get Zynecoin's progress by adding it to your favourites and creating a free portfolio if you wish.
The document goes on to discuss an unintelligible mess of blockchain jargon including masternodes, mining, double validation and so on. The current version of Zynecoin’s whitepaper does not seem to improve upon its predecessor. It contains no serious description of the Wethio blockchain technology that is supposedly under development. What it does provide in this regard is mostly contradictory nonsense.
ICOs
Its aims are to support, nurture, and reward innovators, disruptors, and entrepreneurs throughout Africa. Indeed, the Zynecoin through its global sale will generate and drain capital in foreign currency to Morocco, this to finance the development of an African Blockchain to be called “WETHIO”, which means “exchanges” in Walof. All cryptocurrencies do not develop their Blockchain, as Bitcoin and Ethereum have beautifully done.
Among other things, it mentions a mining process in which miners could choose which block to mine depending on its mining difficulty. Zynecoin is a blockchain system created with the aim of supporting and rewarding talented innovators and entrepreneurs throughout Africa.
latest Zynecoin news
Zynecoin is a commercial entity and cryptocurrency originally developed in 2017 and based in Marrakech, Morocco. Its aims are to support, nurture, and reward innovators, disruptors, and entrepreneurs through out Africa. The Zynecoin project is housed in a five-story building that not only hosts the Zynecoin team but also acts as an incubation center for startups nurtured by Zynecoin. Impeded by the collapse of IDAX, Zynecoin’s team attempted to get the token listed on Latoken and even shilled the imminent launch there. Needless to say, Latoken is one of the most suspicious cryptocurrency exchanges in the whole space with its trading volumes unverifiable to the point that its trading pairs have no liquidity metric estimates from Coinmarketcap.
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Wouldn’t it be great to be an early investor into a blockchain and cryptocurrency that will achieve mass adoption in Africa and help bring the continent out of the state of underdevelopment and poverty? That is exactly the mindset that the creators of an extremely suspicious project called Zynecoin have been exploiting.
Four months ago, a reputable French magazine Capital published a report detailing the worrying signs about the Zynecoin project which was rapidly growing in popularity among French investors. List of actual ICO and IEO projects based on blockchain or without it. Etherscan Dapp Page enables an easy-to-use and intuitive interface for you to interact with the Smart Contract on the Ethereum Blockchain. Cryptocurrencies offers independent worldwide coverage of blockchain and cryptocurrency news with free personalised real-time alerts.
The project team’s key argument is that the adoption will be driven by the way the transaction fees are going to be distributed. According to the plan, miners (or is it stakers?) will only receive 50% of the fees. 25% will go to the treasuries of the African countries of the counterparties in transactions, and 25% will be allocated to charitable activities.
- Zynecoin was created with the intention of supporting African startups and humanitarian initiatives.
- Also, users will be provided with an electronic wallet that interacts directly with Zynecoin services and applications.
- The Zynecoin will be the reference exchange medium within this secure and decentralized ecosystem that will be Blockchain WETHIO.
- TrackICO does not encourage investing in any ICOs published on the platform.
- To ensure maximum security, Zynecoin’s smart contracts are backed by Ethereum’s well-established blockchain system.
He has already made multiple videos promoting the project in increasingly shrill terms, promising massive gains and discounts to those who would purchases ZYN tokens directly via his distribution channel. He dismisses the experts who have denounced Zynecoin as agents of the establishment trying to keep ordinary people tied to their savings accounts with minuscule interest rates.
Finally, we would like to note that our potential scam alert on Zynecoin was prompted by their announced plans to promote the project outside the francophone space, especially in Japan, Russia and Switzerland. We strongly advise would-be investors to avoid investing in Zynecoin whether directly or through purchasing the ZYN token via Dieudonné or on whatever exchange it may be listed. This distribution scheme is nothing short of ridiculous on its face.
None of the information should be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. We do not endorse or rate any initial coin offerings or cryptocurrencies listed or mentioned, nor do we encourage our readers to invest in anything. Investing in initial coin offerings or any cryptocurrency is considered a speculative and high-risk activity and we strongly encourage all investors to perform their own due diligence and consider their own circumstances before considering an investment.
To ensure maximum security, Zynecoin’s smart contracts are backed by Ethereum’s well-established blockchain system. G7finance.com - Crypto Currency Updates shows the most accurate live prices, charts and market rates from trusted top crypto exchanges globally. G7finance.com - Crypto Currency Updates have over 2100+ cryptocurrencies, trusted historical data, details of active, upcoming and finished ICOs. The website provides a list of cryptocurrency and bloclchain related events, valid and authentic list of cryptocurrency wallets and Bitcoin mining pools.
According to the former, Wethio is “a Proof-of-Stake Voting (PoSV)-based public blockchain which is built on top of the EVM (Ethereum Virtual Machine) protocol.” This statement is already nonsensical as EVM is not a protocol. It had also been built way before the Ethereum community started its multi-year migration to PoS.
However, the Zynecoin team is developing its own dedicated blockchain system, Wethio aims to become the first blockchain built and housed in Africa. It aims to incentivize cooperation among crypto miners and allow anyone to participate in and profit from blockchain mining. Zynecoin follows the standards of the Ethereum Improvement Proposals (EPI) and works on a two-contract system. The second is based on the ICO and will control, send, and receive funds as related to the ICO by the investors. Zynecoin’s ERC-20 compliant token will make it easier for startups to scale globally giving them cryptocurrency that is accessible anywhere in the world.
Zynecoin’s team has also published a technical document for the Wethio blockchain. Its contents seem to be barely if at all related to what is described in the whitepaper.
The Zynecoin token is built on the Ethereum blockchain and uses a decentralized registry system to record and verify transactions associated with it. Zynecoin is a project that provides companies and start-up entrepreneurs in Africa with a cryptocurrency and Blockchain-based system for quickly and securely financing. Also, users will be provided with an electronic wallet that interacts directly with Zynecoin services and applications.
ICO «Zynecoin» PreICO Start: 2019-01-23
How is it possible to determine the country (of domicile?) of a public address, unless there is some sort of a centralized KYC regime for Zynecoin? The sort of which is probably impossible in the present African institutional context. Zynecoin’s ultimate asset that seems to have allowed it to grow has been the involvement of the highly controversial French humorist Dieudonné M’Bala M’Bala, best known in the francophone world simply as Dieudonné. His Youtube channel with hundreds of thousands of subscribers enjoying his anti-establishment commentary was almost bound to become a scam promotion gold mine.
The Zynecoin token will also split mining commissions so that a portion of them will be used to contribute directly to African state treasury funds. The Zynecoin Academy is an incubator that provides direct support to startups.
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