How Polkazeck is Building an Open-Source Platform where Everyone Can Contribute and Raise their Voices
Digital currencies (cryptocurrencies) are here to create wealth and distribute the same effectively.
One of the primary challenges to this new financial system is that most crypto projects do not carry their community along in everything that is being done.
This, if allowed to continue, could trigger some challenges in the cryptosystem because it would defeat the entire purpose of digital currencies, which is to create independence.
Introducing Polkazeck
The Polkadot ecosystem is an interesting ecosystem to keep tabs on in the crypto space. Over the last couple of months, many projects from the Polkadot ecosystem (including $DOT and $POLS) have made impressive moves, including an increase in their valuations.
Polkazeck is another project to watch out for because it is committed to creating an inclusive ecosystem that would facilitate the launch of more crypto projects.
In this article, you will find out some of the strategies that this project would be using to open up more opportunities for crypto projects to be launched.
1. Cross-Staking and Rewards
Some crypto projects have adopted incentives as a way to reward their community for a job well done. Many more crypto projects will adopt the same to boost their reach.
Polkazeck is doing something different in that regard by employing the cross-staking alternative, which is an excellent approach to reward the community for their participation.
The cross-staking and reward mechanism is exclusive to investors in the broader Polkazeck ecosystem who staked crypto assets on the platform. The outcome is that such investors will be rewarded with staking rewards.
Already, Polkazeck has set aside 20% of the funds from its income to reward investors in different crypto asset classes, such as DOT, Bitcoin (BTC), Tether (USDT), and ETH.
2. Community Governance
Polkazeck believes that more potential can be gotten out of crypto projects if the community was made a major part of the decision-making processes.
That informed the reason why the platform adopts an open-source or community system of governance. The idea is to make every member and participant of the ecosystem a part of the governance team.
In this open-source platform, everyone member of the broader Polkazeck ecosystem will be allowed to contribute to some of the policies, as well as make financial commitments towards the development of the ecosystem.
Of course, I wouldn’t be leaving out the potentials of immense advancements of this platform because the community members will have different opinions that would play an important role in the development of the Polkazeck ecosystem in the future.
3. Cashback Mechanism
Cryptocurrencies are here to distribute wealth and to cut down on the overbearing influence of centralized parties in the global financial system.
To actualize this, Polkazeck made some researches and realized that more crypto investors will be interested to be a part of a crypto community if their financial interests are accommodated.
One of the ways to do that is via the cashback mechanism that provides additional incentives for members of the ecosystem.
What this means is that the Polkazeck team understands the importance of aiding the reduction of expenses that people make. People need to spend less and make more income.
Therefore, the decentralized governance and the deflationary characteristics of the Polkazeck token (ZCK) will go a long way to help the users to spend less and gain much more.
Also, the 100% cashback for deserving members serves as motivation for more potential investors to consider using the Polkazeck ecosystem for a wide range of crypto transactions.
4. Deflationary Mechanism
Scarcity is one factor that could trigger an increase in the value of a crypto asset. It is mostly facilitated in different means, including reducing the supply of the crypto token, as well as using the deflationary mechanism.
Polkazeck uses the latter, and that means that the deflationary mechanism will be used to prevent a potential worst-case scenario that could cause more of the Polkazeck tokens (ZCK) to be released.
The integration of the deflationary mechanism in the Polkazeck smart contract technology will go a long way to facilitate a reduction in the number of Polkazeck tokens (ZCK) in circulation.
In the long run, only a few of the Polkazeck tokens (ZCK) will be in circulation. That would, in turn, cause more investors to invest in the tokens because less crypto token supply often means more increase in the value.
Future Developments
Polkazeck is also pushing for more innovative developments in the coming month. Here are the major developments that would be launched by this project in the next couple of months:
1. Migration to the DOT Blockchain
In the third quarter of the year 2021, Polkazeck will migrate its ecosystem to the DOT blockchain.
You will agree that DOT is one of the most innovative projects to be launched in the Polkadot ecosystem.
So, the migration of Polkazeck to the DOT blockchain will facilitate faster transactions, as well as making it simpler for users to interact with the Polkadot ecosystem.
2. Monthly Cashback
The cashback mechanism I earlier mentioned is one of the initiatives of this project. To show how important this is, Polkazeck will initiate monthly distribution of rewards to qualified members of the ecosystem.
Before that, the Polkazeck team will ensure that the ecosystem is fine-tuned in a way that can accommodate the different financial needs of the users.
About Polkazeck:
Polkazeck is the world’s first decentralized cross-staking platform with guaranteed cashback and stable governance. Polkazeck is once more, creating more opportunities for more crypto investors to jump into the Polkadot ecosystem and tap into the variety of opportunities this new crypto ecosystem has to offer.
Important Links:
Website: https://polkazeck.io
Whitepaper: https://polkazeck.io/Whitepaper_Polkazeck_v.1.pdf
Telegram: https://t.me/polkazeck
Twitter: https://twitter.com/polkazeck
Github: https://github.com/polkazeck
