Review on zzz.finance by Pedro O. Alvino M.
Decentralized financial services based on community governance
A decentralized financial services platform (DEFI) that is designed for the community, in a certain way the users are the ones who execute the actions and decisions within the ZZZ ecosystem through a community governance system, based on the ZZZ token. It will serve as support to promote the project structures where there are future plans to implement a new financial mechanism focused on the community
As a result of the YFI cryptocurrency, the ZZZ token is based on an equal mechanism, but with some additional improvements and that it is directed to its community, which given the limited supply of tokens in the market can generate a demand for the token by providing a high impulse in its price in which it could be observed in the first days that it was introduced to the market, however the token has suffered from constant volatility that for some cases enormous rises and falls in a short estimated time.
Pros
- It has a limited supply of ZZZ coins (20,000)
- Developed and improved from the YFI project
- It consists of a community governance model where the community has control in taking actions and decisions in the ZZZ ecosystem
- Several social channels with moderate activity.
Cons
- Huge volatility of the ZZZ token in the market.
- Very little availability of the token in crypto exchanges
- Limited information on the architecture of the ZZZ network and the project developers.
- Project in its first steps
