Zynecoin (ZYN)

What is Zynecoin

Zynecoin is a commercial entity and cryptocurrency originally developed in 2017 and based in Marrakech, Morocco. Its aims are to support, nurture, and rewardinnovators,disruptors,andentrepreneursthroughoutAfrica.

The Zynecoin project is housed in a five-story building that not only hosts the Zynecoin team but also acts as an incubation center for startups nurtured by Zynecoin.

To ensure maximum security, Zynecoin’s smart contracts and emerging blockchain are backed by the well-established Ethereum blockchain.

Zynecoin’s ICO will allow the team to develop Africa’s first blockchain and harness its immense opportunities.

Using Game Theory principles to reward collaborative cryptocurrency mining, Zynecoin will generate an investment fund to support African startups working in innovative an high-potential areas, providing easy integration, secure protection, application data, and multi -currency support.

The Zynecoin team is creating a cryptocurrency, blockchain, and an incubation center with services focused primarily in Africa. Blockchain technology, cryptocurrency, and decentralization offer real opportunities for the African continent. The growth of an African- based cryptocurrency will lead to the growth of the African economy. And the use of decentralized currency in the continent will facilitate the everyday use of cryptocurrencies in commercial and business transactions.

We aim to primarily support underserved areas of the African market. As the graph below from the IMF shows, there is a strong demand and a projected growth of over $700b by 2026 through market sectors like health, beauty and wellness, and automotive.

Thanks to the advent of blockchain technology and a stronger decentralized economy, these underserved sectors will experience significant growth in the next few years. Zynecoin is working to facilitate this growth by providing startup founders with the technological infrastructure they need to succeed locally and globally.

Start up benefits

Collaborative mining is our solution to the problem of creating a blockchain that is secure, decentralized, and scalable.

To ensure that Zynecoin mining grows rapidly, we implement Game Theory principles to encourage the participation of multiple miners, both small and large.

Here’s how it works.

Each miner is faced with the same situation and must make a choice: collaborate with other miners or go at it on their own. In crypto mining, the best way to maximize individual rewards is usually to go at it alone. For Zynecoin miners, however, cooperating as part of a node group is the surest route to securing greater benefits.

Miners, in fact, will earn money simply by participating in the node group, so long as the other members collaborate. When collaboration is not unanimous, however, there is a loss for all.