Zynecoin PriceZYNInactive

What is Zynecoin (ZYN)?

Zynecoin (ZYN) is a digital currency launched in 2019 with a mission to promote economic growth and technological advancement across Africa. It serves as the native cryptocurrency of the Wethio blockchain, a network named after the Wolof word for "exchange," reflecting its focus on cooperation and value transfer. The ZYN token is an ERC-20 token on Ethereum, and the team is developing its own Wethio blockchain; the ecosystem lists bridges to Ethereum and Binance Chain. The project aims to support and reward talented innovators and entrepreneurs throughout Africa, with a portion of mining commissions directed toward African state treasury funds and non-profit organizations operating on the continent. The total supply of ZYN is approximately 97.77 million tokens, with a circulating supply of roughly 41.9 million. The project describes the Wethio blockchain as live, hosting 157 decentralized masternodes.

Key Specifications & Tokenomics

• Name: Zynecoin
• Ticker / Symbol: ZYN
• Blockchain / Native Chain: Wethio blockchain
• Token Standard: ERC-20
• Token Contract Address (Ethereum): 0x94ec918ddeecfdfcbf8c8d3e848b7c3e8d8ceaa1
• Contract Name: FixedSupplyBurnableToken
• Decimals: 18
• Launch Year: 2019
• Total Supply: 97,772,437.5 ZYN
• Circulating Supply: 41,903,029 ZYN
• Max Supply: 100.15M ZYN
• Categories: Token, Primary, Inactive, Business Service
• Tags: Mineable
• CertiK Rating: 2.9
• Explorers: etherscan.io
• Official Website: https://www.zynecoin.io/
• Whitepaper: https://zynecoin.io/wp-content/uploads/2023/02/WHITE-PAPER-ZYNECOIN-ENGLISH.pdf

Who created Zynecoin?

The Zynecoin team is responsible for developing the Zynecoin cryptocurrency, the Wethio blockchain system, and the Zynecoin Academy incubation center. Zynecoin was originally developed in 2017 and is based in Marrakech, Morocco; its ICO materials list France as the origin. Karim BENABDELKADER is listed as CEO of Zynecoin, according to the project's Facebook page. The team's solutions are focused primarily on Africa, aiming to support economic development, drive technological innovation, and improve market standing throughout the continent. Detailed public information about individual team members is currently limited. The project carries a strong ethical dimension, with its name derived from the Wolof language spoken widely in Senegal, underscoring its cultural and regional commitment. The Zynecoin Academy serves as an incubation center providing direct support to startups, forming a core part of the team's broader vision.

How does Zynecoin work?

Zynecoin operates on the Wethio blockchain, which was created to support and reward innovators and entrepreneurs across Africa. The network hosts 157 decentralized masternodes that help secure and validate transactions. Zynecoin employs a unique mining commission distribution model that splits rewards among four participants: 40% for masternodes, 10% for voters, 25% for African states, and 25% for non-profit field organizations operating on the African terrain. This model incentivizes cooperation among crypto miners and allows anyone to participate in and profit from blockchain mining. The token also exists as an ERC-20 token on Ethereum, with bridges connecting to both Ethereum and Binance Chain. The project describes its security as relying on blockchain technology and cryptographic measures to protect transaction data.

What makes Zynecoin unique and valuable?

Zynecoin distinguishes itself through its ethical and regionally focused mission. Unlike many cryptocurrencies, it directs a significant portion of mining commissions—25%—to African state treasury funds and another 25% to non-profit organizations operating on the continent. Wethio aims to become the first blockchain built and housed in Africa. The project aims to incentivize cooperation among miners and enable broad participation in mining rewards. The Wethio blockchain supports a range of decentralized applications. The ecosystem includes Mister Z, an incubator. According to the project, Mister Z is an incubator that backs only vetted projects and offers a safety net if an incubated project fails. According to the project, Mister Z token purchases can only be made in ZYN, which the team says could support demand. The Zynecoin Academy further supports startups with direct incubation services, reinforcing the project's commitment to tangible economic impact.

What is Zynecoin used for?

Zynecoin serves multiple functions within its ecosystem. As the native cryptocurrency of the Wethio blockchain, it is used to pay for transactions and network services. ZYN is mined on the Wethio blockchain, where 157 masternodes and voters share mining commissions (40% masternodes, 10% voters, 25% African states, 25% non-profit organizations). According to the project, Mister Z token purchases can only be made in ZYN, which the team says could support demand. ZYN is also used in the Wethio suite of decentralized applications, including Wethio wallet, Wethio scan, Wethio stats, and Wethio pool. Additionally, the token can be bridged to Ethereum and Binance Chain, enabling broader interoperability. The mining commission distribution model ties ZYN to real-world impact, with portions allocated to African states and non-profit organizations, making it both a digital asset and a tool for economic development.

How Is the Zynecoin ecosystem developing?

The Zynecoin ecosystem has reached several development milestones. The project describes the Wethio blockchain as live, hosting 157 decentralized masternodes. A suite of decentralized applications has been developed, including Wethio wallet, Wethio scan, Wethio stats, and Wethio pool. Bridges to Ethereum and Binance Chain have been established, enhancing interoperability. The Zynecoin Academy provides incubation support to startups, while Mister Z offers anti-scam project incubation with a safety net for investors. The project lists Mister Z, an incubator, as part of its ecosystem. A GitHub repository is listed as the project's source code: https://github.com/wethioproject/. The ecosystem continues to focus on supporting African startups and humanitarian initiatives, with the mining commission model ensuring ongoing contributions to African state treasury funds and non-profit organizations.

How to mine Zynecoin?

ZYN is mined on the Wethio blockchain, where 157 masternodes and voters share mining commissions (40% masternodes, 10% voters, 25% African states, 25% non-profit organizations). The Wethio blockchain employs a network of 157 decentralized masternodes that participate in securing the network and validating transactions. Mining commissions are distributed among four groups: 40% for masternodes, 10% for voters, 25% for African states, and 25% for non-profit field organizations operating on the African terrain. This distribution model incentivizes cooperation among crypto miners and allows anyone to participate in and profit from blockchain mining. Voters also play a role in the network, receiving a portion of commissions, which encourages emulation and efficient operation execution. To mine Zynecoin, participants can join the Wethio network as masternodes or voters, contributing to network security and governance while earning rewards.

How to keep your Zynecoin Coin safe?

Keeping Zynecoin safe requires following general cryptocurrency security best practices. Use official wallets such as the Wethio wallet, which is part of the ecosystem's decentralized application suite. Store your private keys securely and never share them with anyone. Enable two-factor authentication where available and use strong, unique passwords. Since Zynecoin exists as an ERC-20 token on Ethereum, you can also store it in compatible Ethereum wallets that support ERC-20 tokens. Be cautious of phishing attempts and only interact with official websites and verified platforms. The project describes its security as relying on blockchain technology and cryptographic measures to protect transaction data. Always conduct thorough research before engaging with any cryptocurrency, considering the volatile nature of digital assets.