Review on zzz.finance by Stephen Toluwani
The zzz finance and it's Community oriented project
With the recent worldwide Defi rush came zzz finance that came with a difference. The zzz finance token has seen it's lows of $22.47 and highs of a whooping $1192.4 all in the same month of August. Just like every other use case of De-Fi tokens, the zzz finance token is used for staking which earns rewards for the stakers and allows governance power to the holder both to the stakers and non-stakers alike which is pointed out as one of its difference and improvement on Yearn Finance. The staking of zzz finance yeilds Nap and Dream, tokens provided by the zzz finance project and are actively traded on Uniswap. The zzz finance token itself is also traded on Uniswap and Cointiger with a relatively good 2 trading volume
The fact that this token is hosted on the Ethereum Blockchain is a drawback in my terms as the Ethereum network has been severely congested by the influx of De-Fi projects. Also it's major use of being a Decentralized Finance token has a lot of competitors in the market which can stifle the growth of this project. It's frequent volatility or price change which is just like many other new Defi projects is another drawback especially for seasoned crypto holders and traders. The token is also traded on just 2 exchanges which helps in affecting price dramatically
So far so good, I don't see anything or any reason zzz finance should be in the market as there are many other Defi project offering the same and some even better and wouldn't recommend it to anyone.
Pros
- The zzz finance is a Defi project that promises good returns to it's golders, stakers and traders
- It is a completely Community focused project which can be seen through it's issuance of governance rights even to non-stakers
Cons
- There are many other competitions on the Defi market today that offers the same and some even better products which might really stifle the progress of this project
- The zzz finance is hosted on the Ethereum Blockchain which has been congested for some time now
- High volatility in price of token doesn't make it ideal for holding
- The zzz finance token is currently trading on only two exchanges which can affect price dramatically
