The cryptocurrency ecosystem is an interesting space to watch. Since the debut of Bitcoin as the earliest cryptocurrency, lots of actions have been going down in the crypto system.
Today, the over 1 Billion Dollar crypto market is evolving into multiple use cases that would reshape the financial ecosystem in the world. The latest addition to this growing crypto industry is the Polkadot ecosystem where Polkadot ($DOT) is one of the leading coins.
There is more room for improvements as far as the adoptions of Polkadot crypto assets are concerned. That informs the reason for the launch of the Polkazeck platform to be one of the driving forces for the adoption of the Polkadot ecosystem.
What will Polkazeck do?
Polkazeck is an open-source platform that uses the distribution and decentralized nature of blockchain technology to facilitate more adoptions for the different asset classes in the Polkadot ecosystem.
This new project understands some of the challenges that have been cutting down on likely adoptions of Polkadot-inspired crypto assets. So, it is taking advantage of the mastery of those existing problems to create an ecosystem that thrives on decentralization.
There is more to the inputs the Polkazeck ecosystem will make to the Polkadot ecosystem.
Below are some of the impressive features we should expect in this new Polkadot-inspired crypto ecosystem:
1. Complete Decentralization
For the last decade, decentralization has been one of the many problems tenable in cryptocurrency ecosystems.
Thus, it appeared like the blockchain technology didn’t have the capacity to bolster decentralization of transactions.
This issue appears to have some traces in the burgeoning Polkadot ecosystem. And that is one of the newest additions that the fast-developing Polkazeck ecosystem is looking to bring into the Polkadot ecosystem.
In this case, we are looking at the creation of crypto projects in a completely decentralized manner. By that, third-party interferences and delays in transactions would be gradually phased out.
2. Development of DApps
The Ethereum blockchain network is famous for one thing — the introduction of the Decentralized Applications, otherwise called DApps.
Now, DApps are one of the instruments and fundamentals used by many crypto projects to drive adoptions. And it is rightly so because you can use DApps for many things in the cryptocurrency ecosystem, including faster, secure and decentralized access to the Internet.
Polkazeck realized that DApps can be one of the primary fundamentals to boost the adoptions of the Polkadot ecosystem.
That is why the is designed as a Decentralized Autonomous Organization (DAO) that aims to develop more Decentralized Applications (DApps) to be used on the Polkadot ecosystem.
Decentralized Governance Model
If there is one characteristic that cannot be ignored of the Polkazeck ecosystem, it is the choice of governance model it chose to adopt.
The Decentralized Autonomous Organization (DAO) governance model is the type that is built adopt the open-source platform used by the Polkazeck ecosystem.
Worthy of mention is that this governance model allows the community members to be active members, whereby they can air their views and take a position during decision-making processes.
When a crypto ecosystem is run in such a way, it means that the team behind the project is committed to take advantage of the constructive criticisms of the community for the advancement of the project.
By all the community members (especially those that hold or invested in the native token, ZCK) to be a part of the decision-making process; the Polkazeck team will be confident of steady expansion, as the ideas from the community will be used to address both the present and the future needs for the adoption of the project and its underlying products.
3. Future Airdrops
Some cryptocurrency traders raised part of their capital for trading from airdrops. Airdrops are more like free money given to selected persons who are either supporting a crypto project or aiding in the marketing and publicity of the said crypto project.
Polkazeck is one of the cryptocurrency projects that believe in the distribution of airdrops to encourage the community and early adopters.
Therefore, there will be future airdrops where the holders or investors in the Polkazeck Token (ZCK) will receive free ZCK tokens.
Aside from the future airdrops of the ZCK tokens, there are also many other ways that holders and investors of the ZCK tokens can earn money for free.
Here are some of the additional ways that you can earn income either for free or for completing some tasks in the Polkazeck ecosystem:
1. Cash Back
The Cash back mechanism of the Polkazeck ecosystem is designed to issue some amounts of the Polkazeck tokens (ZCK) to the token holders as cash back.
It is also pertinent to mention here that the Polkazeck team intends the Cash back mechanism to be solely for the first-timer token holders or the early adopters and investors in the Polkazeck project.
The team is yet to roll out the Cash back mechanism because they are still putting touches to automate things.
Moreover, the Cash back mechanism, when rolled out, will only be transferred or sent to the wallets of the eligible users only once a month.
And the qualification for the cash back may also be calculated by the frequency of the holders to hold a specified amount of the Polkazeck tokens (ZCK).
2. Rewards
The other way to earn free money or passive income from Polkazeck is via Cross-Staking. This income and incentive model is Polkazeck’s way of rewarding the investors who staked some of their crypto assets (especially the ZCK tokens) on the platform.
The Cross-Staking or Rewards mechanism is also an opportunity for those investors to earn rewards in the form of staking rewards for the crypto assets they earlier staked.
In terms of the crypto assets to be staked and the ones eligible to be used for the rewards, the following are preferred:
· Polkadot Token (DOT)
· Bitcoin (BTC)
· United States Dollar Tether (USDT) and
· Ethereum (ETH)
Conclusion
The Polkadot ecosystem will gain more adoptions and play host to thousands of investors who will see more potentials in it after the Polkazeck ecosystems take full swing.
Important Links:
Website: https://polkazeck.io
Audit Report: https://solidity.finance/audits/Polkazeck
Whitepaper: https://polkazeck.io/Whitepaper_Polkazeck_v.1.pdf
Telegram: https://t.me/polkazeck
Twitter: https://twitter.com/polkazeck
Github: https://github.com/polkazeck
