Announcing Zoolet The First Animal Crypto Zoo

Is it a good idea to invest in Zoolet?


Delhi, India, June 04, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) There are four primary features of the Zoocoin protocol ecosystem.

  1. Zooter – a decentralized Twitter like platform called Zooter for users to like/dislike posts through burning zoocoins.
  2. Zooswap which allows users to swap from one token to another using Pancake swap and there is ZooNFT.
  3. Zoocoin, a new cryptocurrency, is set to drive the first-of-its-kind animal crypto farm known as the Zoolet protocol ecosystem. Born just recently, the development team hopes to deploy a DeFi platform that reflects the most recent advancements in blockchains.
  4. Zoolet enables users to invest in its native token, Zoocoin, which will be derived from the sum total of SHIB, DeFi, NTF, and PIG. The equation goes as follows:

Zoocoin = SHIB+Pig+DeFi+NFT packaged crypto.

Adopters may choose to invest in their single favorite animal crypto or purchase a customized package of Zoolet’s asset shares that will reflect the diversity of the broader cryptocurrency market.

What is the Value of Zoolet? 

Zoolet is the first animal crypto zoo ever to exist. The platform is based on the Binance smart chain and anchored to its protocol – the Zoocoin protocol. The following are some of the value propositions of Zoolet:

Curbs careless price fluctuations

The Zoocoin ecosystem rewards users on the principles of the static reward mechanism. This mechanism seeks to curb the price volatility of the platform’s token by alleviating downward selling pressure, which is known to have a bearish effect. Early adopters are known to farm extremely high numbers of the supplied token as an ideal token system and sell them in high numbers. As a result, such whale-ish transactions have a negative effect on the price of the token. The static reward aims to prevent such an occurrence and impose a 10% penalty on transactions. This penalty is then split into half, where one half is redistributed back to ZooCoin holders and the other half burnt.

Prevents over circulation of the token

Overcirculation of any given token, cryptocurrency or fiat results in less demand and hence, low valuation. This is an inherent problem faced across most Decentralized platforms. The team behind Zoolet aims to curb the oversupply of Zoocoin by implementing an effective burn strategy.

Zoolet’s engineering team will occasionally oversee a manual burn to promote scarcity of the token, which will subsequently propel demand and increase the token’s price valuation. The platform intends to advertise all burns and keep the community informed about the amount of Zoocoins in circulation. Thereby boosting network transparency and making it more rewarding to adopters.

Promote decentralized governance

Zoolet promotes the DAO model of governance where token holders vote decisions based on the amount of tokens they hold.  This will decentralize functionalities and reward investors who remain loyal and progressive to the platform.

The team behind the Zoolet platform is experienced in both cryptography and the deployment of decentralized finance. It is an entirely community-driven platform with 100% transparency. Note that, should you choose to invest in Zoolet tokens, take into consideration that you are opening a long-term investment position, which can further boost the value of your stake over time.

You can learn more about Zoolet by visiting the website or wiki here.

You can buy Zoolet ($ZOO) here :

Karnika Yashwant
KEY Difference Media

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,283 0.26 % 0.05 % 3.86 %
Ethereum3,156.4 0.21 % 0.66 % 6.56 %
Binance Coin468.81 0.48 % 0.42 % 3.72 %
Tether1.000 0.13 % 1.00 % 0.23 %
USD Coin1.000 0.18 % 0.58 % 0.16 %
Cardano1.360 0.41 % 4.25 % 4.20 %
Solana137.91 0.66 % 1.08 % 9.22 %
XRP0.7439 0.01 % 0.08 % 7.31 %
Terra82.77 0.36 % 2.91 % 0.57 %
Polkadot24.68 0.35 % 1.08 % 9.75 %

Bitcoin (BTC) $ 42,104.00
Ethereum (ETH) $ 3,144.51
Binance Coin (BNB) $ 468.92
Tether (USDT) $ 1.00
USD Coin (USDC) $ 1.00
Cardano (ADA) $ 1.35
Solana (SOL) $ 137.00
XRP (XRP) $ 0.741672
Terra (LUNA) $ 82.39
Polkadot (DOT) $ 24.56