EtherZero ETZ ICO: Developer Smart Contract DAPPs Platform?

Before we start with this review, it is of great importance that we learn about currency forks. In their basic sense, a currency fork can be of two kinds: accidental and hard. An accidental fork is one where in order to make two different ledgers compatible, the developer comes up with a new blockchain that combines both of the old ledgers.

However, a hard fork is one where the developer of a cryptocurrency decides that “changes must be made to the programming of the coin that will create incompatibilities between the older and newer version”.

About EtherZero ETZ

EtherZero (ETZ) is a new ethereum hard fork that is due to be released this coming January. According to the official company website, ETZ will be using various dApp’s that are compatible with the existing Ethereum Platform. In addition to this, ETZ will also have some of the features that have been requested by developers at large in the past, including:

• 0 TX fee,
• Instant payments
• High scaling of thousands of TPS.

Also, according to the details we could find online, the developer of ETZ expect to procure a total capital that is nearly 10% of Ethereum's current pool, thereby giving a single EterZero a price of $70. Lastly, its developers also expect ETZ to have an initial capitalization of 10% of Ethereum’s current share..

Other Crucial Details to Remember

• Fork height: 4936270 block
• Reserve 20 million ETZ for subsequent development
• Allocation: Total supply is approximately 116 million ETZ
• Newly increased: approximately 6 million ETZ per year (almost 5% inflation and declining every year)
• 1 ETH distributes 1 ETZ.

How Can I Buy the EtherZero ETZ ICO Token?

While the public sale is not yet open, the ETZ coin is expected to be made available on a wide array of coin exchanges and trading platforms. Additionally, customers can also use their already existing ETH wallets to procure the currency.

In all, there will be a total supply of about 116 million ETZ. In terms of its value, we can see that for each ETH that a person has, he/she will be compensated with the same amount of ETZ. Lastly, there will be another 20 million EtherZero that will be reserved for later development and creation of a reserve pool.

In closing, we could not find specific details for the currency due to the fact that the whitepaper has still not been launched officially. However, according to the website, “The mobile wallet and the DApp application store will be released to promote the ecological development of the user in March 2018”.