Cryptocurrency Q&A What is the Zen coin used for?

What is the Zen coin used for?

Luca Luca Thu Nov 07 2024 | 5 answers 1256
I'm curious about the Zen coin. I want to know what it's used for and its practical applications in the crypto world or beyond. What is the Zen coin used for?

5 answers

Chiara Chiara Sat Nov 09 2024
The total supply of ZEN is capped at 21 million, ensuring scarcity and potential for appreciation over time. This fixed supply aligns with the principles of sound monetary policy, mimicking the scarcity of precious metals.

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Giuseppe Giuseppe Sat Nov 09 2024
Currently, more than 14 million ZEN tokens are in active circulation, indicating a substantial portion of the total supply is available for trading and use within the network.

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Daniele Daniele Sat Nov 09 2024
Miners, node operators, and validators within the Horizen network are rewarded with ZEN tokens for their contributions. This incentivizes participation and ensures the network remains secure and decentralized.

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EmmaWatson EmmaWatson Sat Nov 09 2024
BTCC, a prominent cryptocurrency exchange, offers a comprehensive suite of services tailored to digital asset enthusiasts. Among its offerings are spot trading, futures trading, and a secure wallet solution, catering to the diverse needs of its users.

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Michele Michele Sat Nov 09 2024
ZEN serves as the fundamental, deflationary token within the Horizen network. It holds crucial importance in the construction of nodes and the payment of gas fees, facilitating smooth operations within the blockchain ecosystem.

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