Zinari Finance: Using blockchain to solve problems

Zinari Finance is an Africa-based technology company that uses Blockchain to deliver business solutions in Africa. The company has so far launched its flagship token, Zinari (ZINA), a payment token that serves as a global monetary service, and Zinax, a decentralized finance platform that enables staking, locks, NFT keying, creation of social tokens, the Play2Earn and DeFi Lending competitions. . Zinax is governed by ZinaX Token, a Centralized online association that solves these issues. Zinax’s goal is to use DeFi to revolutionize fundraising and fundraising operations, for organizations in developing economies around the world.

Zinax is the Defi platform which allows Zinari holders to wager tokens. Over a million tokens have been in play on the platform since its launch in November. The project so far has an impressive cumulative community of over 100,000 crypto traders.

The company was founded by two Nigerian brothers, Michael and Hope Bernard, and the goal is to empower African businesses to build global businesses using Blockchain. The startup is 100% seeded and has seen a growth of its community and its holders on a MoM of 50%.

Problem

Today, most African importers and tech startups still struggle to make international payments to employees, suppliers, and even investors outside of their country. Most existing platforms only allow freelancers to receive money from developed countries, but very few allow businesses to send it. Zinari’s plan is to bridge the gap by using crypto routes to make outgoing payments. Zinari provides a faster and cheaper alternative to money transfer platforms by using blockchain rails and a decentralized network of ramps to perform money transfers for you.

For more context, a mini importer in Nigeria can use the Zinari platform to send money to China by converting their Bitcoin into Chinese Yuan on the Zinari Platform. You can also collect international payments by issuing an encrypted invoice or integrating the Zinari Crypto payment gateway with your e-commerce website. The crypto goes straight to your wallet, with no commission charged.

Characteristics

  • Ability to receive instant payments without paperwork, using crypto rails.
  • Easy currency sourcing for BDCs, retailers, businesses and individuals in countries with tax problems
  • Crypto to FX ramp that allows you to make payments anywhere in the world
  • Military-grade crypto hybrid wallet that gives you security against hackers and phishing attacks
  • Additional features for businesses such as loans, cards, virtual accounts, and wallets.

There is more to come in the future (ZINAX)

Zinari Finance would launch its NFT solution, using the Zinax platform by January 2022. These NFTs would be the first cash-backed NFTs ever launched in the world.

NFTs would be backed by a treasury and holders could convert NFTs instantly into cash, without having to look for buyers in the markets. These NFTs are touted as the future currency of the Metaverse, and Zinari plans to make sure its holders don’t miss it.

Zinax use cases

Musicians and creatives can create a token using Zinax for their fans. Fans buy into the project and hand out the token. They earn money from rising prices and can use the funds generated to fund charitable causes. You can also create an NFT collection using ZINAX

Users can wager tokens or NFTs in exchange for tokens from projects they like. Staking is the crypto lingua for fixed deposit savings.

If you are looking for a high yield investment, you can use the Mining section of the Zinax platform. You invest in Liquidity Pool tokens and collect a fee from the people who buy and sell the token. Besides, you can wager the LP Tokens to get rewards.

Zinax offers you the possibility to make changes on the network. You can make proposals and ask the community to vote for it. In addition, you can create a voting contract for your own project and have your community vote there, using the blockchain.

  • Start-up fundraising: Tech startups can use ZINAX to raise money instead of equity. All you have to do is create a token on Zinax and create a crowdpool for your users. You can ask us to promote it using the Zinax Accelerator.

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