Token's Full name： Zynecoin
Token's abbreviation： ZYN
The Zynecoin team is creating and developing a cryptocurrency (Zynecoin), a blockchain system (Wethio), and an incubation center (Zynecoin Academy). These threefold solutions are focused primarily in Africa and will work collectively to support economic development, drive technological innovation, and improve market standing throughout the continent.
Zynecoin is a cryptocurrency token created with the intention of providing back and support to African startups and humanitarian initiatives. The Zynecoin token will also split mining commissions so that a healthy portion of them will be used to contribute directly to African state treasury funds.\nThe Zynecoin Academy is an incubator that provides direct support to promising startups. Many great innovations never have a chance to flourish, especially in more challenging markets.With the Zynecoin Academy, we can ensure that high potential companies, projects, and apps have a greater probability of succeeding and scaling globally.
The Zynecoin token is currently backed by the Ethereum blockchain. However, the Zynecoin team is hard at work developing its own dedicated blockchain system, Wethio. Wethio will be the first blockchain built and housed in africa. Unlike most of the other blockchains, it incentivizes cooperation among crypto miners and allow anyone, no matter how small their computer power (even if they are using only mobile technology) to participate in and profit from blockchain mining. The collaborative approach will encourage a greater number of participants to mine the Wethio blockchain, resulting in widespread adoption.
Telegram : https://t.me/Zynecoin
Twitter : https://twitter.com/zynecoin
Facebook : https://www.facebook.com/zynecoin/
Token distribution (Contents to the White Paper)
Total Generating Coin：51,009,352.592144
The distribution ratio is as follows:
70% of the total supply of tokens are being sold through the ICO；
2.5% of them are going to the bounty；
12.5% of them are used as a treasury and security reserve；
The remaining 15% will go to the team；