Zendi Coins
Now that staking has been launched with the potential to earn Zendodos and Zendi Coins, Heroes may be wondering… “What’s the significance of Zendi Coins and how can I use it?”. In this article, we will go into greater details on what Zendi Coins can be used for, how it can be added into your WAX Cloud Wallet/Anchor Wallet and how Heroes are able to trade it!
What are Zendi Coins?
Zendi Coins will be the main form of currency utilised in Zendodo’s ecosystem. It can be mined by staking Zendodos in our Mining Pool and Zendi Coins will be distributed on an hourly basis — dependent on the % of your staked power in the mining pool compared to the global staked power.
Further on in the pipeline (currently our main priority), a Tiki Hut selling Dodoland’s assets is under construction! This is a non-complete list of items that could soon be purchased from our lovely Tiki Hut owner — Kalea 💃:
- Zephites Pack (New Breed in Dodoland) 😈
- Basic Tool Packs 🛠
- Zapping & Forging Potions ⚡️
Further down our roadmap, Zendi Coins are also required to:
- Forge your Staking Tools to higher Evolutions
- Speed up your Mission Crafts ⛵️
- Purchase Faction Banners
Although our Tiki Hut and Tools Forging Station are under construction, it might be wise to begin amassing Zendi Coins in your wallet!
ZENDI Tokenomics
The total supply of ZENDI is 100,000,000 ZENDIs and the breakdown will be as such:
- Zendodo Party Mechanics: 40,000,000 ZENDIs (40% of Total Supply)
— Mining Pool: 12,000,000 ZENDIs (12% of Total Supply)
— Mission Crafts: 20,000,000 ZENDIs (20% of Total Supply)
— Faction Wars: 8,000,000 ZENDIs (8% of Total Supply) - Bounties: 10,000,000 ZENDIs (10% of Total Supply)
- Locked: 50,000,000 ZENDIs (50% of Total Supply)
Zendodo Party Mechanics
Currently, Team Zendodo has launched our Mining Pool; which is the sole method of attaining ZENDIs in our ecosystem. 12% of Total Supply will be allocated to our Mining Pool which its distribution is scaled based on these 3 Key Metrics: (1) Total Number of Heroes Mining (2) Rewards to the Median/Average Hero (3) Price of ZENDI on the market.
Our future release of Mission Crafts, which is envisioned to be the core and main mechanic of Zendodo Party, will be allocated 20% of total ZENDI supply. Following which, Faction Wars will take up on 8% of total ZENDI supply.
Bounties
This segment includes off-project mechanics and will be used for rewards, marketing and bounty programs. 10% of total ZENDI supply will be allocated to “Bounties”. Example includes our Season 1 Completion Bonus; where Heroes who have collected at least 6 Unique Zendodos of Season 1 will be rewarded with ZENDI Coins. Future Bounty Programs includes — Discord Invitation Rewards & Airdrop Programs that may soon surface.
Locked Tokens
ZENDIs, our main form of utility Token, will not only be limited to Zendodo Party and we aim to have separate utilities to the Token. We are unable to disclose the potential utilities past what we have committed in our Whitepaper but we hope that having these Locked Tokens will convey that Team Zendodo has the foresight and aspiration to expand past Zendodo Party.
Team Zendodo
Heroes may have noticed that our ZENDI Tokenomics divert from majority of other Crypto projects in the aspect that 0% of Total Token Supply has be allocated to the hardworking team behind the project. Team Zendodo believes that it is only right for the Team to receive ZENDIs when there is material utility in the Token.
This being said, there’s a further breakdown to how ZENDIs are recycled back into our project once Kalea’s Tiki Hut is launched (we’re weeks.. wait, days from launch). In simple terms, 95% of ZENDIs spent in the Tiki Hut will be recycled back into Zendodo Party’s NFT-fi mechanisms while 5% of proceeds will be distributed to Team Zendodo for the maintenance of the project. This breakdown will once again be explained in an upcoming article on Kalea’s Tiki Hut.
Zendi Coins in WAX Cloud Wallet ☁
For Heroes who uses the WAX Cloud Wallet (WCW) and would like to track your ZENDI coins on your WCW’s dashboard, you can follow these steps to display your Zendi Coins:
- Login to WAX Cloud Wallet
- Scroll down to Tokens → WAX eosio.token Tab → Click on “Manage”
- Click “Add Custom Token”
- Fill up the blanks with the follow information:
- Token Symbol = ZENDI
- Decimal Place = 4
- Token Contract = zendicoinage
- Token Name = ZENDI
- Token Image = QmZGiRAVSqJfqwJ5npfnjLDqpcVvqJFSHtiqfm33RLmXYM
- Click on the Tick, sign the transaction and click “Done”
- Refresh the page & you can begin tracking your Zendi Coins on WCW!
Zendi Coins on Anchor Wallet ⚓️
In Dodoland, there are also multiple Heroes that prefers to use Anchor Wallet to store their Zendodos. Heroes are also able to track the Zendi Coins in your Anchor Wallet under Account(s) Overview → Tokens Tab. To begin tracking your Zendi Coins on Anchor Wallet follow these steps:
- Navigate to the page shown above and scroll to the bottom
- Click on “Manage Tracked Tokens”
- Click on “Add Custom Token”
- For Contract Account Name, input “zendicoinage”
- For Contract Asset Symbol, input “ZENDI”
Once done, you may head back to your account overview, tokens tab and click “Load All Balances”. You can now track the Zendi Coins in your Anchor Wallet!
Trading of Zendi Coins 📈
Heroes who have sent their Zendodos into the deep mines to gather Zendi Coins have full ownership of these Zendi Coins and are allowed to trade/buy/sell these Coins as and when they like!
You are able to trade your coins here! Do bookmark the page for easy access to trade your Zendi Coins!
As the project develops, we hope to provide much more use-cases for your Zendi Coins allowing Heroes and Users to benefit from our ecosystem. Take care and see you in the next update 🎉