Zedek token uses the Binance Smart Chain network, and that means traders must use BNB tokens to purchase this token. The coin has become quite popular because it goes up in value over time. The developers achieved this goal by creating a system where the supply of the tokens is automatically reduced over time.
A Bit About Zedek Token
Zedek Token was created by Sir Lixoti in 2023. This token is simply meant to work as a store of value as its supply is decreased over time. Like Bitcoin, it is completely decentralized and works on the Binance Smart Chain network. The owner of the token intends to completely renounce the token and pass ownership to the community of token holders. This move ensures that no central entity can interfere with the functioning of the token.
New store of value projectCryptoLists.com
Every ZDK transaction results in a reduction in the number of Zedek tokens in circulation. Also, the transfers attract a 2% fee, which is meant to fund marketing and team efforts. The company adds liquidity to the platform to ensure that the token is stable.
Utility of Zedek Token?
The main purpose of this cryptocurrency is to serve as a store of value. It can be useful to people living in countries with very high levels of inflation as it can let them hold their funds without losing value.
Investors can also use this token to generate profits in the long term. This is because the token is designed to be deflationary.
Zedek Token Price details
BSC Contract address: 0xCbEaaD74dcB3a4227D0E6e67302402E06c119271
›› Details & Tokenomics
Advantages of Zedek Token
+ It uses a burning mechanism to lower supply.+ The coin uses the Binance Smart Chain network.
+ You can use it as a store of value.
+ It is decentralized.
+ Its white paper is set to be released soon.
Disadvantages
- There isn’t a lot of information on the founder of the token.- The token is very new.
- Transfer fees can be very high.
- Its social media following is still small.
- Government regulations may affect the token.
Costs
▪ Rated at 7/10Zedek token runs on Binance Smart Chain, meaning all transaction fees have to be paid in BNB coins. The transfer fees change depending on the state of the network. On average, you can expect to pay gas fees of around $6.5.
Reputation and Buzz
▪ Reputation rated at 7/10▪ Buzz rated at 7.5/10
Zedek token is a fairly new cryptocurrency, so it is still attracting investors. The official Twitter page of the token was launched in 2023 and currently has more than 100 followers.
The token is likely to gain popularity as it works as a store of value. Its deflationary mechanism makes it more likely that it will keep rising in value over time.
FAQ
Which blockchain network does Zedek token use?
This token uses the Binance Smart Chain network, a blockchain that was introduced in 2019. When buying or selling ZDK tokens, you have to use BNB tokens to pay transfer fees.
Where can I buy Zedek tokens?
You can buy this token on various decentralized crypto exchanges. Since the token is still very new, it hasn’t been listed on any major centralized exchange.
Which crypto wallets can I use to store my Zedek tokens?
You can store these tokens in any crypto wallet that supports BNB tokens. One of the best wallets you can use is Trust, and this can be used on both Android and iOS devices. You can trade your tokens directly on this wallet.
Who created Zedek tokens?
These tokens were created by Sir Lixoti. There isn’t much information on the founder of the token, but you should note that they intend to pass the project on to the owners of the tokens. That means any changes to the project will be determined by a vote.
What is the purpose of Zedek tokens?
This token was primarily designed to serve as a store of value. Its value is likely to keep going up since its supply is continually being reduced.
History of Zedek Token
Zedek token was created in 2023 and is one of the newest cryptocurrencies. Its Twitter account was registered in February 2023.
›› Trade Zedek Token hereScreenshots from Zedek Token
Zedek Token details and tokenomics
