The 21st century witnessed the development of the blockchain technology. With its decentralized approach, it offers the users what they might have thought was impossible to achieve. Blockchain users are allowed to trade on digital assets with the help of cryptocurrency.
Cryptocurrency was the sole reason that blockchain was ever developed. But since, blockchain is a man-made concept it is subjected to various problems such as its inability to adapt to real-life situations. Other problems also include low performance, scalability and also there is no hope for the non-fungible asset holders. It is because of these reasons that a new platform was introduced which are known as the 0xcert platform.
0xcert has the special inclination to non-fungible assets and is aimed to solve the problems of the blockchain technology.
Solutions Offered by 0xcert
As we all know blockchain offers a decentralized, faster and secure scope of transactions. However, the issue of non-fungible assets still remains. The main problem with this is that cryptocurrencies are non-transferrable assets and this is the reason why their transactions are and even use cases are restricted to blockchain platforms. Other than that there is one more problem and that is that it cannot be implemented in reality and if there is an issue with the blockchain then there are chances that all your money can be gone for good.
With 0xcert, you are getting the chance of utilizing the non-fungible tokens. These tokens are very much the opposite of the fungible tokens. That’s because these type of tokens are neither interchangeable nor divisible. These type of tokens are coming with a new token standard for the Ethereum blockchain and that is ERC-721 token standard. 0xcert is also trying to bring in an open protocol that will stand in competition with the current protocol on the blockchain. With the help of the open source protocol faster authentication of tokenized and digital assets will be made possible.
0xcert is also known to be used in multiple platforms and various settings which include asset authentication and user verification. Other than that it can also be implemented in various real-life situations as well such as in arts and education.
Token Economics
Oxcert is known to have its own token and that is actually the primary channel for transactions which will be carried through the platform. There are two types of token available and that is ZXC and Xcert.
Token Allocation:
Crowdsale: 47%
Founders and team: 15%
Community pool: 12%
Reserves: 10%
Advisors and legal: 6%
Liquidity pool: 5%
Pre-ICO: 3%
Bounties: 2%
Token Sale Information:
Ticker: ZXC
Token type: ERC 20
Platform: Ethereum
Soft cap: 5,000 ETH
Hard cap: 20,000 ETH
Total supply: 500 million
Price: 0.0001 or 1 ETH equals 10,000 ZXC
Accepted currency: Ethereum
Well, that’s all about 0xcert that you needed to know. If there is anything that you need to know more about 0xcert then, you can check the links below.