Zan Coin; Bringing IT Consulting and Development Closer Together

in #zancoin7 years ago

It’s not easy to build and maintain employee motivation through this complex process. It can be really tricky. This is where Zan Coin comes in.

Zan Coin; Bringing IT Consulting and Development Closer Together
To understand what Zan Coin is all about, you need to have a basic knowledge of the software development cycle (SDLC). What is software development cycle, you ask?

Well, it’s a complex process which involves the planning, analysis, design, implementation, maintenance and replacement of the highest quality of software for the lowest cost, and within the shortest time frame. What does this have to do with Zan Coin? Hold on, we are getting there.
There are a lot of things required to ensure the success of a SDLC, one of them is a dedicated and motivated team of developers and project managers. However, it’s not easy to build and maintain employee motivation through this complex process. It can be really tricky. This is where Zan Coin comes in. Let’s begin with the most obvious question;

WHAT IS ZAN COIN?

Zan Coin is a cryptocurrency that was designed to increase the engagement and motivation of not just the developers, but the investors in the software development cycle too through the use of the Blockchain Technology.
The aim of the team behind this platform is simple, to introduce a cryptocurrency into an existing business model that has proven to be successful, and further improve this process and products.
In simple words, Zan Coin will be given as reward to developers and investors as a form of remuneration that can be cashed out or retained as investment in the further growth of the organization.
According to the whitepaper, the team behind this platform are confident that it can serve as tool for enhanced motivation and success in day-to day work and here is why.

HOW ZAN COIN WORKS

Right now you are wondering, if the platform is about just motivating developers and investors, why not use another cryptocurrency, Bitcoin for example. Truth is, Bitcoin just wouldn’t do. It is limited by the speed of payment. Furthermore, there is the tax issues to consider.

Since the aim is to involve people in the platform’s business and bind the value of the currency to the platform’s success, the best method of achieving this aim is to hold the currency. By keeping the token in the pockets of the developers, they will feel safe knowing that their efforts will be rewarded every month. They’ll also be confident in the knowledge that each sale will generate more profit for them.
To further understand how Zan Coin works, you need to know its lifecycle.

ZAN COIN LIFE CYCLE

About 70 percent of the tokens generated will be shared among the developers and investors after the Initial Coin Offering. This is a way of rewarding them for being the most significant contributors to the success of the project.
Another 20 percent of the coin will also be used to initiate payment to the developers. Think of it as a slow distribution of coin to a devoted team who have two options. They can either keep their shares as savings, or cash them out.
Investors are expected to start receiving their dividends when the project payment comes through. When the platform is paid in cash by the customers, it will be converted to Zan Coin and distributed to all investors involved in the project, including developers that retained their Zan Coins. However, this is dependent on the percentage of their shares.
Now, there is another question you are dying to ask, you want to know what will happen when you run out of coins, don’t you?

This is where things get interesting. After every sale, a Buy-Back option will be offered to investors. That means, the platform will offer to buy coins back from anyone that is willing to sell on the open market. Why offer this option, you ask? The answer is simple, to fuel the price of the coin.
Now you are wondering, what company buys back its own tokens? The type that needs them back to use as payment to people.

Here is the interesting thing about this whole process, the price of the coin will rise if people are not willing to sell. This will drive the price of the coin even higher. And a high priced coin is good, it can serve as source of motivation. Consequently, this will lead to a further increase in the value of the coin through improvement in the quality and sales of the platform’s products.

ZAN COIN DIVIDENDS

The Dividend strategy is simple, every sale will be divided by half. The company will receive the first half, while the other 50 percent will be shared among Zan Coin holders based on the proportion of coin they have. This means, both investors and developers will gain dividend from their own work.

Let’s use an illustration to explain better, shall we? Let’s start by assuming that 1 ZAN is 1 USD and James has 1 percent of the total. That means, when a 10,000 USD trade is completed, James is eligible for dividend. As said earlier, half for the company and half for the investor.


That means, 5000 Zan coins for the company and 5000 Zan coins for investors. James as a 1 percent share owner would be automatically entitled to 50 ZAN.
The platform is expected to pay a monthly dividend based on the monthly updates of the company’s sales result.

THE DISTRIBUTION OF FUNDS

The fund that would be raised during the Initial Coin Offering will be divided into three parts;
Infrastructure/ Operations and Investment
The platform intends to build a strong testing and development infrastructure. This is supposed to serve the purpose of improving the business.
Sales

Another part of the fund will be dedicated to the expansion of customer portfolio. The methods used in this expansion will include;
• Face to face meetings with new clients
• Developing a formal partnership
• Hosting special events
• Participating in conferences etc.

Certification

It is important that an official certification be acquired on most of the products. For example, ISO 27001 and UAM compliance. The last part of the fund will be used for this expensive and resource intensive venture that will eventually increase sales and benefit investors and developers alike.

TOKEN DISTRIBUTION

The total amount of Zan Coin supply is expected to be 17,148,385. The investors are expected to receive 70 percent of this amount; that’s 12,003,870. Another 15 percent will be allocated to the founders.
Affiliate and Bounty campaigns are expected to take 10 percent of the total token supply and the remaining 5 percent will be reserved.

ZAN COIN LAUNCH SCHEDULE

The Zan coin launch event is divided into three. The pre-sale begins on the 13tth of May 2018 and ends on the 22ns of May 2018. The dates for the first and second rounds of the ICO are yet to be determined.



Source

Website: https://www.zancoin.tech/
Whitepaper: https://zancoin.tech/uploads/ZAN_Whitepaper.pdf
Youtube: https://www.youtube.com/channel/UCuMqmJZRw1lxrsK-Rvp0yjg
Twitter: https://twitter.com/zan_coin
Facebook: https://www.facebook.com/zancoin/
Telegram: https://t.me/zancoingroup

Authored by: gbenga88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874687
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4

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ZAN Coin will enable us to pay faster, work better, and get everyone involved in our success...Currently, the only way to purchase ZAN Coin will be through their ICO.. Thanks for valuable update about zancoin @gbenga

Zan Coin is a cryptocurrency designed.its increase doing for all developers and giving best motivation of sofware development cycle of blockchain technology..this is very great way to purchase zain coin will be through their ico..get everyone involved in our success..thanks to sharing for your important post of zain coin..very well done.. my dear friend.. @gbenga

Actually it's a complicated currency you need for a great study
A great understanding
But there is a big profit
Thank you for your information

This is indeed a good breakdown of this new cryptocurrency.
am really impressed with the way u explained the whole concept.
Good job @gbenga

oh zan coin ,
i see a great future for this great coin
software developers not only become familiar with existing software
but also interested in upcoming projects,,its so good for software and innovative work development ,,so great share of zan coin..
thanks for share

Am precious obaseki a follower of your blog and am also from Delta state polytechnic otefe oghara I was in your seminar the other day here is my link steemit.com/@preciologya. Thanks you sir

Great post sir :)
Thank you for your information :)

zancoin is very good cryptocurrency.your post is very good information for zancoin.

oh its zan coin ..i appreciated
by tis coin we can pay faster and for this we can work better,
at resultly attract all participants of our success,,great !1
thanks for share

Zan Coin is really great coin that perform to inovation of the developer,,.
for a great parnaship its so greatly needed..

Zancoin working system, fund distribution, token distribution and certification everything are appreciable. I hope this platform will be more profitable if we can invest here as we are gainer. Thanks sir @gbenda for discussing about the important coin.

WHAT IS ZAN COIN?

HOW ZAN COIN WORKS

ZAN COIN LIFE CYCLE

ZAN COIN DIVIDENDS

THE DISTRIBUTION OF FUNDS

Certification

TOKEN DISTRIBUTION

ZAN COIN LAUNCH SCHEDULE

Every Step you try to best service for us and i hope you are success. its easy to learning every single step.

Thanks for sharing this wonderful piece on coin, without much research one could easily get to know more about zancoin. Thanks to you, i understand what coin does entail.

Am precious obaseki a follower of your blog and am also from Delta state polytechnic otefe oghara I was in your seminar the other day here is my link steemit.com/@preciologya. Thanks you sir

Right now you are wondering, if the platform is about just motivating developers and investors, why not use another cryptocurrency, Bitcoin for example. Truth is, Bitcoin just wouldn’t do. It is limited by the speed of payment. Furthermore, there is the tax issues to consider.

You are always know for share crypto news all the time.

Great work @gbenga

Awesome your concept sir,,,,
i always learn your post.
thanks for your valuable post......

Very interesting project sound very realistic i can picture the adoption happening road map looks great also thank you for the info @gbenga

Quite a tiny but lucrative niche to create an amazing project around. All of these make me happy seeing the numerous use cases of freedom, opportunity and voluntarism reward that cryptocurrency and blockchain has made possible..

Great review boss, I'm following on the project.