Zorix is a crypto currency
A crypto currency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Crypto currencies use decentralized control as opposed to centralized digital currency and central banking systems. The first decentralized crypto currency, BITCOIN, was created in 2009 by Satoshi Nakamoto. Soon after, in October 2011, Litecoin was released and after that so many coins come in existence. The main motive of these coins was to show the world a different scenario in financial sector and have made a biggest revolution in currency market. Due to its craze and awareness mostly people replaces their method of transactions and adopted this easy system but parallel criminal minded people taking advantages of this technology in a wrong manner. If we see the history there were lots of scams on the name of ICO. What companies have planned to just collected money and presented flop show intentionally but we are totally different from them neither we are conducting any public nor private sale. What we believe in "A UNIQUE IDEA CAN CHANGE THE SYSTEM" So with ZORIX we see the world on a platform where a person would not only taken advantages of minting but on the other hand online shopping gift vouchers and advertisement industry benefits will also be opened for him.
ZORIX is a crypto currency which can be minted easily by everyone & its powerful technologies make it stronger than other crypto currencies available in market, ZORIX created on Waves block chain & tradable also on Waves DEX with all major crypto currencies like BTC/ETH/LTC & also with Fiat like EUR/USD.
Meaning for the name is always important & we choose ZORIX because of its strong & positive meaning like: Z's boast of imagination and willpower, being attracted to everything that is new and trying to show how amazing they are. O: This letter conveys an aura of openness to life's subtleties, exactly what one should do. R: One is gentle and affectionate, quick to sense what others are feeling and who tends to assign a greater importance to the emotions they experience, as opposed to their thoughts. I: is of an equivalent force as the number 9, one that is prompting a person towards affection and tolerance. X: Within the 'X' there is a desire for avoiding excess emotional baggage, this being one of the life golden rules to abide by.
There are two major algorithms work in crypto currency to mine new coins, which is called Proof of Work (PoW) & Proof of Stake (PoS). Bitcoin works on PoW algorithm so there are two types of mining on Bitcoin(Solo/Cloud), Solo is too difficult, expensive & required a lot of technical information and on the other hand the cloud mining is again expensive in nowadays & less rewarded, so all together both mining are not beneficial.
What is Proof of Work?
Proof-of-Work, or PoW, is the original consensus algorithm in a Blockchain network. In Blockchain, this algorithm is used to confirm transactions and produce new blocks to the chain. With PoW, miners compete against each other to complete transactions on the network and get rewarded. In network users send each other digital tokens. A decentralized ledger gathers all the transactions into blocks. However, care should be taken to confirm the transactions and arrange blocks. This responsibility bears on special nodes called miners, and a process is called mining. The main working principles are a complicated mathematical puzzle and a possibility to easily prove the solution. The most widely used proof-of-work scheme is based on SHA-256 and was introduced as a part of Bitcoin.
What is Proof of stake?
Proof of stake is a different way to validate transactions based and achieve the distributed consensus. It is still an algorithm, and the purpose is the same of the proof of work, but the process to reach the goal is quite different. Proof of stake first idea was suggested on the bitcointalk forum back in 2011, but the first digital currency to use this method was Peercoin in 2012, together with ShadowCash, Nxt, BlackCoin, NuShares/NuBits, Qora and Nav Coin. Unlike the proof-of-Work, where the algorithm rewards miners who solve mathematical problems with the goal of validating transactions and creating new blocks, with the proof of stake, the creator of a new block is chosen in a deterministic way, depending on its wealth, also defined as stake.
Generation of New Crypto is very difficult & expensive in term of PoW or PoS, But in ZORIX it's quite easy to Mint new Coins. This is only possible due to its unique algorithm system which is working together for PoW & PoS both. LIKE; we have traffic exchange platform, where user can exchange traffic & simultaneously can post ads. In term of PoW user can generate new coins by spending time on our platform and for this activity user will be rewarded. The ratio of reward is totally based on individual activities. In term of PoS, User can mint more coins with the help of system to "own more packages and mint more ZORIX" and become an active participant. Apart from this a user can be a NODE with us which is a very big part in term of growth. Together we can touch the new heights and can make the ZORIX as leading coin in crypto world.
|Total Supply||42,000,000 (100%)|
|Founder (Locked for 1 year then unlock 1% for every quarter)||2,100,000 (5%)|
|Team (Locked for 1 year then unlock 1% for every quarter)||2,100,000 (5%)|
|IT/Development (Unlock 0.5% every quarter)||1,260,000 (3%)|
This is one of the detailed aspects of a ZORIX project that gives you a clear idea of how the project will progress and what will be the measurable milestones to be recorded as successes during the development of process.
Quarter 2 - 2019
- Final Development of ZORIX on DEX
- Beta launch of Advertisement platform
- 2nd Airdrop