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Zeon Network

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Discover Zeon Network's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Zeon Network?

Zeon Network (ZEON) is a decentralized platform that provides a range of financial services, including secure purchases, insurance, and cross-chain trading. It aims to make cryptocurrency more accessible and scalable, with a focus on high transaction rates and minimal risks. The platform uses sharding to increase transaction rates to 100,000 tps and offers features like multi-signature wallets and biometric verification for enhanced security.

How is Zeon Network used?

The Zeon Network (ZEON) is a decentralized platform designed for secure purchases, insurance, and financial services within the new crypto-economy. The ZEON token is the native cryptocurrency of this network, serving several purposes:

  1. Node Operations: ZEON is used to pay individuals who operate the nodes that help run the network, ensuring its decentralized functionality.

  2. Transaction Powering: The token is used to power transactions on the platform, facilitating seamless and secure financial operations.

  3. Rewards: Users who send money using the ZEON Network are eligible for rewards paid out in ZEON tokens.

  1. Trading and Exchange: ZEON tokens can be bought, sold, or traded on various crypto exchanges, allowing users to participate in the broader cryptocurrency market.

  2. Ecosystem Incentives: The token is also used to incentivize users within the Zeon ecosystem, which includes services such as crypto loans, deposits, and payment gateways.

How do I store Zeon Network?

To store Zeon Network (ZEON) tokens safely, it is recommended to use offline wallets, also known as "Cold Wallets." These wallets are not connected to the internet, providing an additional layer of security against potential hacking threats. Hardware wallets are a popular choice for storing cryptocurrencies like ZEON Network tokens.

How to buy Zeon Network?

To buy Zeon Network (ZEON) tokens, follow these steps:

  1. Choose an Exchange: Select a reliable centralized exchange where ZEON is listed, such as Bitmart.
  2. Create an Account: Sign up for an account on the chosen exchange.
  3. Deposit Funds: Deposit funds into your exchange account using a supported method, such as credit/debit cards, PayPal, or bank transfers.
  4. Buy USDT: Purchase Tether (USDT) if ZEON is not available for direct fiat purchase.
  5. Exchange USDT for ZEON: Use spot trading to exchange USDT for ZEON.
  6. Verify and Confirm: Verify your transaction details and confirm the purchase.
  7. Store Your Tokens: Transfer your ZEON tokens to a secure wallet outside the exchange, such as a hardware wallet, the official ZEON wallet, or a third-party Ethereum wallet.

Remember to follow the specific instructions for your chosen exchange and ensure you have the necessary funds and information for a smooth transaction.

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History of Zeon Network

Zeon Network (ZEON) is a decentralized platform for crypto financial services, aiming to solve issues such as high-risk Initial Coin Offerings (ICOs), costly transactions, weak liquidity, and theft of user capital. The project targets mass cryptocurrency adoption for regular users, ensuring complete anonymity for participants.

Founding and Development

Zeon Network was founded in 2018 by an anonymous team, which aligns with the decentralized nature of blockchain technology. The team includes Krill Levin, who worked in both technology and marketing before leaving the network in 2019 to join Binance.

Tokenomics

ZeonCoin has a total supply of 50 billion tokens, with distribution as follows:

  • ICO: 50%
  • ZEON Fund: 20%
  • Pre-ICO: 10%
  • Mining: 7%
  • Advisors: 5%
  • Community Team: 4%
  • Developers: 3%
  • Proof of Care: 1%

The majority of ZEON coins were sold before and during the ICO, which ended in November 2018. The tokenomics are designed to protect the ZEON price from inflation.

Key Features
  • Zeon Wallet: Supports crypto deposits and swaps, enabling access to various products and services like crypto/ICO project purchases, financial services, insurance, and trading on centralized and decentralized exchanges.
  • Proof-of-Stake (PoS) 3.0: Provides incremental security improvements and employs the Oracle system to connect the blockchain to external systems.
  • Masternodes: Anonymous masternodes are used to secure the network.
Use Cases
  • Fast, Anonymous, and Cheap Transactions: ZEON tokens power fast, anonymous, and cheap transactions, supporting a payment system for various products and services.
  • Staking and Rewards: ZeonCoin holders can stake their assets to secure the network and earn rewards. Users who host on the network and contribute to its improvement also earn rewards in ZEON coins.
Current Status

Zeon Network continues to evolve, with plans for a public high-throughput blockchain platform with sharding and a contactless payment card to enable users to spend the ZEON token like traditional money.

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How Zeon Network works

The Zeon Network (ZEON) is a decentralized platform designed to provide a range of financial services, making it easier for users to access and utilize cryptocurrencies. Here's an overview of how it works:

Key Components
  1. Zeon Token: The native token of the Zeon Network, used to pay for transactions, node operations, and as a reward for users. It is based on the Ethereum blockchain, making it a token rather than a coin.

  2. Decentralized Trading Platform: The Zeon Trading platform is an automated, cross-chain trading application that allows users to trade cryptocurrencies instantly across multiple exchanges. This is achieved by maintaining a balance of zeon tokens on various exchanges, ensuring users can swap tokens quickly and securely.

  3. Crypto Wallet: The Zeon Wallet supports both Ethereum and Bitcoin and can be installed on Google Chrome, iOS, and Android devices. It allows users to store, send, and receive cryptocurrencies.

  1. Crypto-Backed Loans: Users can access instant cash without selling their cryptocurrencies by using the crypto-backed loan feature. The loan amount is based on the market value of the user's crypto assets.

  2. Interest on Deposits: Users can earn daily interest on their digital assets by depositing them into the Zeon system. The interest rates vary depending on the type of asset and the duration of the deposit.

How It Works
  1. Node Operations: The Zeon Network relies on a network of nodes to operate. These nodes are incentivized with zeon tokens to maintain the network and facilitate transactions.

  2. Transaction Processing: When a user initiates a transaction, the Zeon platform automatically swaps the necessary tokens across multiple exchanges to complete the transaction quickly and securely.

  3. Loan and Deposit Services: Users can access loans or earn interest on their deposits by using the Zeon Wallet and the Zeon Trading platform. The system ensures that crypto assets are secured by BitGo Custody, providing 100% asset insurance.

  1. Payment Gateway: The Zeon Pay payment gateway allows users to buy and sell cryptocurrencies quickly and securely, with support for various payment methods including SEPA, SWIFT, cards, PayPal, and crypto.
Goals and Features

The Zeon Network aims to make cryptocurrency more accessible and user-friendly. It plans to introduce a contactless payment card, enabling users to spend zeon tokens like traditional money. The project is also developing its own high-throughput blockchain platform with sharding to increase transaction rates.

Overall, the Zeon Network provides a comprehensive ecosystem for users to buy, sell, trade, and utilize cryptocurrencies in a secure and convenient manner.

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Zeon Network's strengths

The token Zeon Network (ZEON) has several strengths:

  1. Decentralized Platform: ZEON aims to provide a decentralized platform for financial services, making it more accessible and secure for users.

  2. Crypto-Backed Loans: The platform allows users to access cash without selling their crypto assets, providing a convenient and secure way to manage their digital assets.

  3. Daily Interest on Deposits: Users can earn daily interest on their digital assets via deposits, providing a passive income stream.

  1. Multi-Currency Wallet: The ZEON Wallet supports both Ethereum and Bitcoin, and can be installed on various platforms such as Google Chrome, iOS, and Android.

  2. Contactless Payment Card: The project plans to introduce a contactless payment card, enabling users to spend the ZEON token like traditional money.

  3. High-Throughput Blockchain: ZEON is developing its own public high-throughput blockchain platform with sharding, which can significantly increase transaction rates.

These strengths highlight ZEON's focus on providing a comprehensive and user-friendly platform for managing digital assets and accessing financial services.

Zeon Network's risks

Zeon Network (ZEON) is a decentralized platform designed to provide various financial services, including a risk management protocol to prevent losses. Despite its goals, the ZEON token itself carries financial risks, primarily due to the volatility of the cryptocurrency market.

One key risk is the potential for significant price drops. The token's price can fluctuate rapidly, making it difficult to predict its future value. This volatility is evident in the token's past performance, where it has experienced both significant gains and losses.

Another risk is the high risk of losing money rapidly due to leverage, particularly with CFDs (contracts for difference). This is a common warning associated with investing in cryptocurrencies, as 75% of retail investor accounts tend to lose money when trading CFDs.

Additionally, the token's supply and circulation can impact its value. As of August 2022, there were approximately 30.53 billion ZEON in circulation out of a total supply of 50 billion. This large supply can potentially dilute the token's value if not managed effectively.

Lastly, the token's success is not guaranteed, and it faces competition from other similar platforms aiming to make crypto more accessible. This competition can affect the token's adoption and, subsequently, its value.

In summary, the financial risks associated with Zeon Network (ZEON) include market volatility, the potential for significant price drops, high leverage risks, supply and circulation concerns, and competition from similar platforms.

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Zeon Network's ecosystem

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Zeon Network’s team

  • ZEON Network Team: The team behind ZEON Network includes experienced investors, engineers, and business development experts dedicated to unlocking commercial potential and creating synergies.
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