What Is Zeppelin DAO (ZEP)?
The Zeppelin is a community-driven project. Zeppelin.dao, as the name suggests, is a decentralized autonomous organization (DAO). A decentralized autonomous organization is a kind of organization that is represented by rules encoded as a computer program. Such programs and rules are transparent and controlled by the members of the organization. This means that such a program is not influenced by any central government or authority.
Zeppelin.dao is founded with a vision that crypto can empower everyone to gain financial freedom. The whitepaper refers to various traditional financing and investing methods where users might have lost a considerable fortune. Therefore, the project seeks to make users come on board and become a part of their ecosystem. The project further aims to implement a voting and reward function when a user participates in the project. The project also seeks to provide community governance to make everyone heard.
The users on the project can earn while just holding the native token of the project. The project is constructed on the foundation they call a quartermaster fee. This means that every transaction on the Zeppelin protocol incurs a fee of ten percent. The fee is later distributed among the holders of the token and liquidity pool. Also, the project aims to empower its users to control the project in the way they wish to.
The native cryptocurrency of the Zeppelin project is ZEP. The ticker of the project is also denoted by ZEP. It is a governance token. This means that a user holding such tokens seeks to have voting powers. Therefore, such users have a say in the future decisions of the project. Also, the tokens are burned to increase their value. According to the whitepaper, the project has also burned tokens provided to the core team members just to promote equality. Burning is when a fraction of tokens is sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value. Further, the whole project works on smart contracts.
History of Zeppelin DAO (ZEP)
The website was launched in the first quarter of 2021. The whitepaper was also released in the first quarter of 2021. The maximum total supply of the ZEP token is 1,000,000,000,000,000 ZEPs.
