What Is ZooKeeper (ZOO)?
ZooKeeper is a cutting-edge dApp that makes use of Zoo NFTs to increase liquidity mining. The ZooKeeper was intended to provide liquidity to the ZooEcosystem. The platform introduced the ZooNFTs, which offer unique use cases in the blockchain industry by increasing LP (liquidity pool) farming to maximize commitment from the community. The platform aims to provide users with a fresh and exciting farming experience, resulting in larger mining returns and a more intriguing NFT gameplay.
In addition, the platform offers users the possibility of increasing their yield farming rewards by using an optional lock-up period feature available for each pool. According to the whitepaper, the longer the period users choose, the more rewards are given. Zookeeper also implements dual farming, which allows users to farm Zoo tokens and Wasp tokens as a partnership with WanSwap.
Zookeeper has its utility token, ZOO, distributed to DEX (decentralized exchange) liquidity providers (LPs), who trade their LP tokens as farming rewards. All of this combines to help make ZooKeeper a one-of-a-kind gamified yield farming dApp with potential for entertainment value.
There are a number of farming pools where users can deposit liquidity and gain incentives. Each pool includes a zoo animal that represents the farming pair. Each pool has a number of features and options (NFT Boost Cards) associated with it, such as the ability to reduce lock time and increase payouts. A governance proposal is a three-to-five day voting phase in which members of the community cast votes using their ZOO token balance.
Because of the burning of ZOO tokens and the deployment of NFT Boosts in its farming environment, ZooKeeper employs a “Dynamic Market Cap” method. Token burning refers to a mechanism in which tokens are removed from circulation to increase their value over time. Further, there is no pre-mining or pre-sale of ZOO tokens at any time. The token allocation is based on dynamic computations, with 77% reserved for the farming pools. Then 9% goes to the ZooKeeper foundation; 8% goes to marketing, 3% goes to advisers, and 3% goes to buying wanTokens chosen by the community.
History of ZooKeeper (ZOO)
The ZooKeeper team consists of local WanSwap community members and Wanchain developers. The maximum supply of the ZOO token is 393,059,532.10.
