ZenDao, a decentralized platform developed on the Metaverse Blockchain, is launching an ICO on June 23rd, 2017. The project seeks to utilize solutions provided by Blockchain technology in order to create a digital representation of the real-world collectibles on the Blockchain and establish an unalterable digital provenance ledger and ownership transfer channel.
ZenDao aims to provide smooth solutions to complex problems and to create a fair and open market standards. ZenDao has identified the current challenges related to the art and collectibles market, such as the lack of a reliable proof of provenance history, market illiquidity, pure valuation methodology and forgery risks.
By tokenizing collectibles, the platform will link physical assets with their digital representation on Blockchain in order to gain advantages related to the Blockchain technology, such as security, transparency, speed, and ease of transacting. While implementing innovative tools such as the smart script secured trade (“SSST”) and unique authentication mechanism, ZenDao is committed to unleashing the high value of the full chronicle of the collectibles’ life cycle, hence allowing history to speak for itself.
About the ZenDao ICO
During the ICO campaign ZenDao Coin (ZDC), the fundamental unit of account on ZenDao platform representing the value of the entire network, will be distributed to the investors and early backers of the platform. 70% of the initial number of ZDCs on the platform will be allocated to the public through the ICO.
The closing date of the ICO fundraising campaign is July 7th, 2017. The price per ZDCs and bonus system will be publicly available on the ICO opening date on the official ZenDao website (zendao.org). The interested individuals can participate with BTC, ETH, and ETP through the official website or the following platforms:
What do you think about projects like ZenDao using the blockchain to preserve historical data? Let us know in the comments below.
Images courtesy of ZenDaoShow comments