What is the issue volume of ZEN coins? One article to introduce the application scenarios of ZEN coins

Horizen's ZEN coins, with a circulating supply of approximately 131 million, facilitate various applications within the ecosystem, ranging from staking for node ownership to privacy-preserving transactions and smart contract development.

Oct 03, 2024 at 04:05 am

Understanding the Issue Volume of ZEN Coins

1. Issue Volume of ZEN Coins

Horizen (ZEN) has a maximum supply of 210,000,000 coins. As of October 2023, the circulating supply is approximately 131,594,938 ZEN.

2. Application Scenarios of ZEN Coins

ZEN coins have various applications within the Horizen ecosystem:

a. Staking for Node Ownership: ZEN holders can stake their coins to earn rewards and support the Horizen network.

b. Masternodes and Supernodes: Operating a masternode or supernode requires a significant ZEN stake, providing advanced features and governance rights.

c. Privacy-Preserving Transactions: Horizen's ZenCash allows for anonymous and untraceable transactions using the zk-SNARKs protocol.

d. Smart Contract Development: Horizen offers a decentralized application (DApp) platform and smart contract functionality, where ZEN is used as gas.

e. Payment and Remittances: ZEN can be used as a convenient and secure medium of exchange for goods and services.

f. Tokenization: ZEN can be used for tokenizing assets, creating new digital currencies or tokens on the Horizen platform.

g. Governance: ZEN holders participate in governance decisions through a decentralized autonomous organization (DAO) model.