Let's face it the cryptoworld has far too many coins right now. The creators of these coins are cashing in big time on all this crypto mania with multiple clones and spin-offs of BTC. It is nearly impossible to keep track of all the shitcoins because several new ones enter the market everyday. No sector is more guilty of over-saturation more than the privacy coin niche. I could name off the top of my head 10 different privacy coins all offering to do basically the same thing with just slightly different features and logo designs. Eventually when the market slows down only the strong will survive and the shitcoins we do not need will die off leaving maybe 1 or 2 coins in each sector surviving. I look for two things that will separate these coins from all the others and that is a very strong team and innovative or unique technology. Today I will be talking to you about the most overlooked coin in the entire privacy sector and in crypto in general and that coin is called ZENCASH.
general and that coin is called ZENCASH.
Before we begin I want to give the basic origins of the coin. When ZCASH(ZEC) forked it created a new coin called Zclassic(ZCL). ZENCASH(ZEN) was a hardfork of ZCL. Although ZenCash was only recently introduced to the world, the token has gotten quite a lot of attention already. ZenCash focuses on privacy, and represents an “evolved form of ZK-SNARK technology.”One feature that makes ZenCash attractive to people is how it offers a protected communication protocol known as ZenTalk. Users can exchange short messages through this network, all of which is powered by blockchain technology. ZenCash has a maximum coin supply of 21 million, which is the same as Bitcoin. The governance of this project will be done through a Decentralized Autonomous Organization structure, which is funded by a portion of mining rewards. The DAO will also fund future developments and look for additional partnerships. They also have created something called "secured nodes" not to be confused with "masternodes". The purpose of these nodes is not to provide a shit ton of income like a master-node but instead to provide world wide security for the network and they pay the holders slightly more than what it cost to run them for their service. All that stuff above is complicated and hard to understand so for anyone that is not hardcore into crypto here is the tldr cliffs basically ZEN was created because the founders saw a way to improve the Z coins with superior tech and DAO system that would make sure that ZEN was properly funded to maintain and grow the coin and it's team.
Now lets talk about the team and how ZEN got off to a rough start because of the original founders tried to sabotage the project before it even got started. Rolf Versluis is a graduate of the U.S. Naval Academy. After graduation, he was commissioned as an officer of a nuclear submarine. Joshua Yabut is a former cyber-security expert at NASA and former National Guard executive officer.  Rob Viglione a PhD candidate from University of South Carolina. Joshua released a bunch of damaging and even potentialy fake news / fud on the project and left the team. He is the reason why ZENCASH had to re-brand because he owned the rights to the original symbol. With all that being said ZEN has survived and flourished going from a price around a few bucks to almost $60 at the time of this article. I have been watching and even owned a little ZEN since it was $4.50. The community plays a big part in a projects success and ZEN has a large and intelligent one.
One reason I think this coin is crazy undervalued is because for some reason it has not recieved a ton of publicity even though it has revolutionary tech and aims to be not just a privacy coin. They plan to be a platform that other coins can be built upon and on top of all that, ZenCash includes the ability to send and receive money anonymously plus you can use it as a one-to-one private messaging system. They also have not spent much time or money on marketing recently because they were waiting to release the new logo that was voted on by the community. Now they are locked and loaded and the coin is ready to explode. They have a new logo and website released and have formed some major partnerships. A huge selling point for me with this coin is the main advisor is Charles Hoskinson CEO of IOHK.He was also one of the original founders of a coin you may have heard of called Ethereum. IOHK and ZEN will be working together in the future which is huge. They will collaborate on key research and development projects, including the creation of a protocol-level treasury model and a joint study on blockchain scalability. ZEN has also teamed up with STORM. By incorporating ZenCash into Storm Play, storm is providing our users with the opportunity to earn one of the most innovative and trusted cryptocurrencies on the market.
TLDR
ZEN CASH has huge connections and partnerships in the works. Underrated coin with superior tech that is about to start marketing with new website and logo.
Current Price $40 Target Price $250-350 Currently available on Bittrex and Cryptopia and coming to new exchanges soon.