Introduction to the issuance price and quantity of Zentry (ZENT) coins

Zentry's ZENT coin, the backbone of the platform, was initially issued at $0.10 USD per token, with a total supply of 1 billion tokens.

Jan 08, 2025 at 03:32 pm

Key Points:

• Zentry (ZENT) is a decentralized blockchain platform focused on providing an infrastructure for the development and deployment of blockchain-based applications.
• The native token of the Zentry platform is the ZENT token, which facilitates transactions, staking, and governance within the ecosystem.
• Understanding the issuance price and quantity of ZENT coins is crucial for investors and users of the Zentry platform.

Introduction to Issuance Price and Quantity of Zentry (ZENT) Coins

Zentry (ZENT) coins, the native cryptocurrency of the Zentry blockchain platform, play a fundamental role in the ecosystem. The issuance price and quantity of ZENT coins are critical factors that influence their valuation, market cap, and utility within the platform.

ZENT Issuance Price

ZENT coins were initially distributed through a private token sale held in 2018. The issuance price during the private sale was:

• $0.10 USD per ZENT token

This initial issuance price established the baseline value of ZENT coins and was a key factor in attracting early investors to the project.

ZENT Total Supply

The total supply of ZENT coins is limited to 1 billion tokens. This predefined limit ensures the scarcity of ZENT coins and helps maintain their value over time. The total supply is divided into the following distribution:

• Private Sale: 40%
• Public Sale: 30%
• Team & Advisors: 15%
• Foundation: 10%
• Ecosystem Fund: 5%

ZENT Token Distribution

The distribution of ZENT coins aims to balance the interests of various stakeholders and ensure the long-term stability of the platform. The distribution is intended to promote a healthy and sustainable ecosystem for Zentry.

• Private Sale: Funds raised from the private sale were allocated to the development of the Zentry platform and to support early adopters.
• Public Sale: The ZENT token was also offered to the public through an Initial Exchange Offering (IEO) held in 2019. This enabled a wider distribution of ZENT tokens and further increased interest in the project.
• Team & Advisors: The Zentry team and advisors hold a portion of the token supply as compensation for their contributions and long-term commitment to the project.
• Foundation: The Zentry Foundation holds a dedicated pool of tokens to support research, development, and adoption of the Zentry platform.
• Ecosystem Fund: A portion of the ZENT tokens is reserved for the growth and development of the Zentry ecosystem, including funding projects and initiatives that enhance the platform's capabilities.

Conclusion

Understanding the issuance price and quantity of Zentry (ZENT) coins is essential for investors, users, and stakeholders in the Zentry ecosystem. The limited supply, combined with the strategic token distribution, ensures the scarcity and long-term value of ZENT coins. The issuance price and quantity directly impact the platform's liquidity, market cap, and the incentives provided to participants in the Zentry ecosystem.

FAQs

1. What is the current price of ZENT tokens?
The current price of ZENT tokens can vary based on market conditions and can be found on reputable cryptocurrency exchanges.

2. Where can I buy ZENT tokens?
ZENT tokens are available for purchase on several cryptocurrency exchanges, including Binance, Huobi, and KuCoin.

3. Can ZENT tokens be used to pay for goods and services?
While ZENT tokens are primarily designed for platform operations, some vendors may choose to accept them as payment if they are integrated with the Zentry ecosystem.

4. What are the potential risks associated with investing in ZENT tokens?
As with any cryptocurrency investment, investing in ZENT tokens carries risks, including price volatility, market fluctuations, and technological or regulatory uncertainties.

5. What is the team behind the Zentry project?
The Zentry team includes experienced professionals from the fields of blockchain, technology, and finance. Key members include Dr. Xiaodong Qi, CEO; Yongliang Liu, CTO; and Fei He, Head of Marketing.