$ZEN Token

The ZEN token is the governance and utility token of the ZenStake ecosystem, operating across Ethereum, Arbitrum, Polygon, BSC, and Optimism. It connects the ZenStake Protocol—which rewards tokenholders through staking incentives—with the ZenStake DAO, which governs the project.

What is ZEN?

The ZEN token (symbol: ZEN) is a pre-mined token that has not yet been listed on any exchanges. It is designed to stimulate early adoption by rewarding early participants through staking incentives and governance rewards. As a standard ERC-20 token, it ensures cross-chain governance and staking incentives.

Key Functions:

1. Governance – Holders of ZEN can vote on governance proposals within the ZenStake DAO, with 1 ZEN = 1 vote.

2. Staking Incentives – The token is used to reward participants who engage in staking, liquidity provision, and governance.

Additional use cases have emerged, including liquidity trading and potential use as collateral in lending protocols. However, within ZenStake, the ZEN token is primarily designed to enable decentralized governance and incentivized participation.

How does ZEN work?

The ZEN token follows a streamlined ERC-20 smart contract designed for simplicity, security, and multi-chain compatibility:

// SPDX-License-Identifier: MIT
pragma solidity 0.8.19;

import {ERC20PermitUpgradeable} from "@openzeppelin/contracts-upgradeable/token/ERC20/extensions/ERC20PermitUpgradeable.sol";
import {ERC20Upgradeable} from "@openzeppelin/contracts-upgradeable/token/ERC20/ERC20Upgradeable.sol";

contract ZEN is ERC20Upgradeable, ERC20PermitUpgradeable {
    
    function initialize(address _treasury) external initializer {
        __ERC20_init("ZenStake", "ZEN");
        __ERC20Permit_init("ZenStake");
        _mint(_treasury, 500_000_000 ether);
    }
}

The ZEN token was launched with the following characteristics:

• Pre-Mined Supply: A total of 500,000,000 ZEN was minted at deployment.

• Multi-Chain Deployment: Available on Ethereum, Arbitrum, Polygon, BSC, and Optimism.

• No Additional Minting: The contract has no minting functionality beyond the initial supply.

• Upgradeable Contract: ZenStake utilizes an upgradeable standard, ensuring flexibility for future improvements.

• Gasless Transactions: It implements EIP-2612, allowing users to approve transactions via signatures without paying gas fees.

Token Safety & Verification

As an open-source, audited ERC-20 token, ZEN’s smart contract is fully transparent. Anyone can verify its security, mechanics, and supply through blockchain explorers on any supported chain.

For additional security, ZEN has undergone external audits, ensuring its code meets the highest security standards.

Tokenomics of ZEN

The ZEN tokenomics are designed for simplicity and sustainability:

• Total Supply: 500,000,000 ZEN minted at contract deployment.

• Pre-Mined & Not Yet Listed: ZEN is currently not listed on any exchanges, making it an exclusive opportunity for early adopters.

• Multi-Chain Distribution: ZEN operates seamlessly across Ethereum, Arbitrum, Polygon, BSC, and Optimism, enabling efficient staking and governance.

• Token Allocation: The ZenStake Treasury manages allocations for governance incentives, staking rewards, and ecosystem growth.

• Governance-Driven Future: Any changes to the tokenomics require community consensus through governance voting.

No Hidden Mechanics. No Overcomplication.

ZEN is built for transparency, governance, and cross-chain expansion. Early adopters have the opportunity to benefit from its incentives before public listing.