About Zenlink DAO and some partnerships of the Zenlink foundation
So i will be talking about the Zenlink DAO and different partnerships that has been concluded by the Zenlink Foundation. The DAO is aimed at giving the community members a voice in the ZenlinkDAO Governance Committee where strategic decisions will be made, by doing this it will help grow the Zenlink project. Then about the partnerships, they are posed at making the protocol the best cross-chain DEX network and i know it will be embraced by the crypto communities.
So What is Zenlink?
Zenlink is committed to building a new generation cross-chain DEX network. By integrating the Zenlink DEX Module, Zenlink can enable parachains to quickly access DEX capabilities and share liquidity with other parachains; Zenlink DEX aggregator can link all DEX dApps on Polkadot. Users can not only complete the exchange easily and quickly but also enjoy a low slippage transaction experience.
And about their native token ZLK ?
ZLK provides a fair and transparent governance mechanism and reasonable value capture methods to incentivize ecosystem users to participate in long-term network development.
This takes us to the main subject Zenlink DAO; but before i start discussing about the subject let about DAO a little.
What is Decentralized Autonomous Organization (DAO)?
One of the major features of digital currencies is that they are decentralized. This means they are not controlled by a single institution like a government or central bank, but instead are divided among a variety of computers, networks, and nodes. In many cases, virtual currencies make use of this decentralized status to attain levels of privacy and security that are typically unavailable to standard currencies and their transactions.
Inspired by the decentralization of cryptocurrencies, a group of developers came up with the idea for a decentralized autonomous organization, or DAO, in 2016. In terms of numbers, the DAO has had an amazing journey, by far the largest crowdfunding to date and represents a trailblazing project in its own.
Why do you need DAO?
DAO has the ability to facilitate the collective management of common goods, including cultural and intangible works, natural resources, economic and industrial production, and social systems.
It has proved that the non-hierarchical structure of DAO is particularly popular in collaborative asset management. From a broader point of view, DAO can overcome the inherent shortcomings of traditional organizations in governance and other aspects and have an increasingly important impact on society as a whole
ZENLINK DAO?
Zenlink is the first cross-chain DEX protocol based on Polkadot, which aims to create a decentralized trading network for general use in the Web3.0 era.The ZenlinkDAO Governance Committee will have a number of initial governance member seats, one of which will be held by the Zenlink Foundation. The Zenlink Foundation will select the initial holders of the remaining seats and will seek diversified representatives, including key community members, strategic partners and investors committed to building Zenlink. In the future, the committee will guide ZenlinkDAO to gradually turn into a completely decentralized organization.
The governace members will be allowed some benefits most of which are ;
1.Get one limited edition ZenlinkNFT (Guardian Edition).
2.Control the initial capital pool of ZenlinkDAO.
3. Participate and play a decisive role in the decision-making of the future development direction of Zenlink.
4. Get ZLK tokens in return.
SOME ZENLINK PARTNERSHIPS
- Zenlink and Darwinia
Zenlink officially reached strategic partnership with the Polkadot heterogeneous cross-chain bridge chain Darwinia. This will aid expand the cross-chain asset transactions in addition to the Polkadot parachain.
By integrating the Zenlink DEX Module into the parachain, Zenlink can enable the parachain to quickly possess DEX capabilities and realize the sharing of liquidity with other parachains, as well as for users to provide fast and convenient cross-chain asset transactions.
Darwinia Network is a decentralized cross-chain bridge network building on Substrate, which is the “Golden Gate Bridge” of the cross-chain ecology. It provides the safest general bridge solution, connecting Polkadot, Ethereum, TRON and other heterogeneous chains. Also, its main application areas include Defi, cross-chain NFT trading market, games, etc.
- Zenlink and Sakeswap
Since the announcement of the launch of the limited edition community NFT, community members have been very concerned about the latest developments in Zenlink NFT. So Zenlink has successfully partnered with Bondly and SakeSwap for the genesis release of Zenlink NFT on Binance Smart Chain (BSC).
SakeSwap.finance is a profitable DEX build on Ethereum and Binance Smart Chain (BSC) with Slippage Capture and ILO crowdfunding features.
- Zenlink and Patract
Zenlink partnered with the Polkadot Wasm Contract Technology Lab — Patract. The two parties will jointly explore the Wasm contract solution in the Polkadot Ecosystem.
Patract is providing solutions for the development of Parachains and DApps in the Wasm smart contract ecosystem of Polkadot. We help the community to design and develop on-chain contract modules and Runtime support, and provide DApp developers with full-stack tools and services support, covering development, testing, debugging, deployment, monitoring, data provider and front-end development stages.
For more information about the Zenlink project visit the links below
📍 — Website | Twitter| Github | Telegram EN | Telegram CN | Announcements Channel
References:
Decentralized Autonomous Organization (DAO) Definition (investopedia.com)
My Polkadot Address:
5GeEg2kmCexvHjyAgyBjxYd9dYrvxYDrAw6kLkzEvSnwKzMp
