What Is CryptoZoo (ZOO)?

CryptoZoo is an autonomous ecosystem that seeks to allow users to breed, collect, and trade exotic animal hybrids on the blockchain. In the ecosystem of CryptoZoo, each animal is a non-fungible token (NFT). The platform aims to offer an inclusive ecosystem that is open to less tech-savvy users. However, through gamification, the network seeks to provide trader-friendly yield mechanics and low barriers to entry. The currency aims to make cryptocurrencies, NFTs, and blockchain gaming accessible to the mainstream. The game aims to make blockchain technology available to the broad consumer base, including new participants in the cryptocurrency and NFT space.

CryptoZoo runs on the traditional NFT model of scarcity and uniqueness that seeks to offer an opportunity to players for potentially lucrative rewards. Further, 10,000 first-generation base eggs sought to be stored in a smart contract on Ethereum and the Binance Smart Chain (BSC) at the game's launch. A smart contract is defined as an automated contract with the term of the agreement between traders being directly written into lines of code. BSC is a blockchain network that works on dual-chain architecture and empowers users to set up their decentralized apps (DApps). Base eggs can get hatched to reveal a Base animal. Moreover, Base Eggs always seek to yield a base animal that seeks to yield ZOO tokens by the NFT.

ZOO token is a platform's token minted on BSC that seeks to avoid the high fees and latency connected with ETH transactions recently. Minting is a method of producing coins for circulation or sale to collectors. Additionally, this network seeks to allow users to earn ZOO tokens by a yield based on the rarity of any given animal NFT, permitting community members to earn and collect. Also, an auction house aims to be built into the game from its starting point with "bid" and "ask" functionality. Eggs and hatched animals seek to be traded on the auction house, permitting ZooKeepers to trade in numerous ways. Furthermore, the utility of ZOO tokens are Egg Purchasing, Breeding, Egg Incubation Boosts, Breeding Recovery Boosts, and Marketplace Purchases.

The asset believes open-source development is the future and community is everything. Therefore, the platform has open-sourced the project to permit developers to join the fun in expanding CryptoZoo.

History CryptoZoo (ZOO)

On quarter 1, 2020, the inception of CryptoZoo was released. Besides this, the currency released its breeding and exclusive NFT in the first quarter of 2022.