Utility Coins

in #cryptocurrency5 years ago (edited)

There is war in the cryptocurrency scene today. Hundreds of coins fight to achieve mass adoption, but few of them succeed in realizing the vision they put in place for themselves. Security tokens are being issued without a legal framework to make them a legitimate trading alternative for stocks. Payment tokens want to act as a currency, but it’s hard when there are no vendors that are willing to accept it. Then we have tech-oriented projects that almost entirely ignore real-world use and focuses on developing the technology behind the coin. Most of them lack the execution needed to realize a project — even with hundreds of millions of dollars in their war chests.
However, there are a handful of projects that prioritize infrastructure, use-cases and a healthy ecosystem. Basic Attention Token and Binance Coin are excellent examples: BAT as the integral part of an advertisement network, and BNB as the native token for use within the Binance trading platform. This type of token is defined as a “utility coin”, a form of cryptocurrency specifically designed to function as a means of payment within a given ecosystem.
Sadly, these examples are the exception to the rule. Utility coins today are usually launched with empty promises of future platforms. It’s disheartening to see projects use their tokens as funding vehicles for the platforms they intend to build, or worse — ponzi schemes and exit scams. With no practical use-case or ethical foundation, early investors are basically funding the construction of a castle in the air. The tokens immediately become a full-on speculative investment rather than a utility to purchase goods and services.
Cue the Zentoshi Microcosm. A Microcosm of services with already deployed and functional infrastructure — real world use is possible right out of the box. With VPS services, dedicated servers and payment processors, Zentoshi plans to lay the groundwork for an expansive array of utilities for its native coin ZenX. With an ethical approach crystallized in the project’s Code of Professionalism (COP), Zentoshi is dedicated to creating a utility coin with actual use-cases immediately available upon launch. However, the plan stretches far beyond this; a five year roadmap to mass adoption with a host of different services in the works, such as cloud gaming servers, a freelance platform, cold storage/staking solutions and much more. When Zentoshi is born it’s going to be alive and kicking, eager to take over the world.

Check out the White Paper on Zentoshi.com, and follow us on
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