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Zonda will have its own cryptocurrency. The ZND token is launched
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Zonda will have its own cryptocurrency. The ZND token is launched

created Michał Sielski27 March 2024

Zonda is a Polish cryptocurrency exchange that launched the ZND platform in December 2023. This is where the ZND token will debut. For now, details about the new cryptocurrency are unknown. The veil of secrecy will be partially lifted in the coming weeks, but it is worth taking a look at what we know about similar projects.

Cryptocurrency market Zonda was established in 2014. This is the only Polish cryptocurrency exchange with such a long history. Today it has over 1 million users. It employs over 100 people and has licenses to operate in many, not only European, countries, including: in Italy, Lithuania, Estonia, Slovakia and Canada.

In December 2023, it launched the ZND platform - an innovative project whose ambitious plans are to revolutionize the world of digital finance. All thanks to a user-friendly ecosystem that uses artificial intelligence to guide users through the intricacies of finance and even offers earning options tailored to the style and expectations of users by "AI Smart Assistant".

Rapid increase in the number of ZND application users

The application has met with great interest from users who value ease of use combined with advanced AI systems.

– Less than four months after launch, the platform has registered over 6 accounts. As part of the Earn service, which allows users to invest in 000 different assets, subscriptions worth over EUR 34 million were opened – informs Zonda.

There is an application, it's time for your own token

Based on this success, further activities are planned. The flagship of them will be the issuance of its own cryptocurrency. Zonda Stock Exchange decided to create the ZND token. It is intended to be not only a symbol of users' involvement in the development of the entire ecosystem, but also an opportunity to earn money from its development.

The Zondacrypto community will be the first to earn money on this token, because it will be possible to receive ZND even before its listing. The details are not known yet, but we will learn them in the coming weeks. Then the entire tokenomics and the strategy for building the value of the ZND token will be presented. More partnerships and details will be announced.

There will also be tasks to complete in the app that will allow you to earn tokens. This is where the public broadcast of ZND will also take place. Finally, a Token Generation Event is planned, i.e. an event during which it will be possible to observe the moment of launch of the new cryptocurrency. The only thing left for issuers is to introduce it to the wider world, i.e. to a larger number of centralized and decentralized cryptocurrency exchanges from around the world. This is planned for the third quarter of this year.

Native exchange tokens are nothing unusual

By the way, it is worth adding that tokens issued by cryptocurrency exchanges are a very common phenomenon today. And virtually all of them saw spectacular increases, increasing their value even several dozen times.

Why is this happening? Two reasons are most important. The first one is, as it were, forcing, or if you prefer: encouraging, demand for native tokens. This is due to the fact that commissions charged for transactions on the cryptocurrency exchange can always be settled in the native token or in the largest cryptocurrencies: BTC, ETH, etc. However, if we choose a token issued by an exchange, we can count on significant discounts. Everyone who trades crypto decides to purchase tokens issued by the exchange to reduce transaction costs. And we have demand without supply, because the tokens return to the exchange, which usually burns some of them. And this translates into less supply.

Token holders can also count on large airdrops. E.g. holders BNB tokens on the stock exchange Binance, currently worth approximately PLN 10. PLN, by the end of March they received debuting cryptocurrencies with a total value of approx. PLN 1. zloty. So in one quarter they earned 10% plus the amount for staking BNB on Binance (3,5% per year) + increase in the value of cryptocurrency.

Zonda can be expected to benefit from similar incentives, so the ZND token probably has a promising future as well.

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About the Author
Michał Sielski
Professional journalist for over 20 years. He worked, among others, in Gazeta Wyborcza, recently associated with the largest regional portal - Trojmiasto.pl. He has been present on the financial market for 18 years, he started on the Warsaw Stock Exchange when the shares of PKN Orlen and TP SA were just being introduced to the market. Recently, his investment focus has been exclusively on the Forex market. Privately, he is a parachutist, a lover of Polish mountains and a Polish karate champion.