BITCOIN
ZenCash Goes Live on OKEx

2018-02-06 04:23:32
by Dominic Brown
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OKEx have just added ZenCash as one of their newest privacy platforms. OKEx customers may now deposit, withdraw and trade ZenCash on the exchange, it was announced on February 5th.

OKEx have just added ZenCash as one of their newest privacy platforms. OKEx customers may now deposit, withdraw and trade ZenCash on the exchange, it was announced on February 5th.

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ZenCash, described on its website as \"a secure platform for money, messages and media\" was launched on May 30th, 2017. The blockchain project was designed as a long-term operational platform and issued a capped 21 million ZenCash tokens, without either a pre-mining or ICO fund-raising system.

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ZenCash currently stands at #126 in global market cap rankings, with a price per token of $31.90 and a total market capitalisation of $100,542,655. The Zen Blockchain Foundation, which represents the development team and governing body, allocates 8.5% of their mining rewards to development, marketing and support. A number of wallets are hosted on the platform, for financial transactions as well as international communications, and the company has tailored its marketing approach to cater for different global markets.

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Further Research and Development was enabled by a partnership with leading R&D company, IOHK (Input Output Hong Kong), founded by Jeremy Wood and Charles Hoskinson, who is also co-founder of Cardano. The partnership, announced on January 10th, will conduct a scalability study and build a protocol-level model for a decentralised treasury.

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