What is ZIMBOCASH?
ZIMBOCASH is a crypto wallet created primarily for Zimbabweans. The wallet is powered by a decentralized digital currency called ZASH. ZASH has a fixed supply, making it ideal to withstand inflation. The ZIMBOCASH price is determined by various market forces.
Zimbabwe is one of the countries that has suffered from hyperinflation. The printing of money has weakened the local currency. The scenario has led to shortages in commodities across the country. Supplying excess money into the economy has undermined the productivity of the country. The solution to the problem seems to lie with cryptocurrency technology. Digital currencies are programmable, hence, they can be designed with a supply mechanism that resists inflation. Additionally, cryptocurrencies are decentralized and cannot be affected by the government’s bad policies.
However, established digital currencies such as Bitcoin and Ethereum cannot be used as a primary medium of exchange for various reasons, including scalability, high cost, and long private keys ZIMBOCASH coin, on the other hand, is a decentralized currency that allows users to make peer-to-peer transactions safely. ZASH retains the benefits of Bitcoin and limits its weaknesses. The asset is programmed with features that make it more convenient for day-to-day use. Its value increase with the increase in users.
ZIMBOCASH is built on TRON, which is one of the largest blockchain networks worldwide. It has high scalability and high throughput to support a wide range of decentralized applications (dApps). It also has low transaction fees.
Use Cases of ZASH Tokens
ZIMBOCASH crypto token, as mentioned before, is primarily used as a medium of exchange. The digital asset allows users to make day-to-day transactions in a decentralized and secure manner. It is cross-border, meaning users can send money globally. The value of the digital asset, reflected in the ZASH price, varies based on token demand. You can check the current ZIMBOCASH price on the live chart.
Who Founded ZIMBOCASH?
Philip Haslam is the co-founder of ZIMBOCASH. He is also the spokesperson for the project. Haslam is an economist from South Africa. He believes in cryptocurrencies and their ability to solve the current challenges facing Zimbabwe's currency system.
Tokenomics of ZASH
ZASH was released with a fixed supply of 4.5 billion tokens. The fixed supply implies that the demand drives the value of the token.
The tokens are distributed through airdrops. Every Zimbabwean who signs up receives 300 to 400 ZASH for free. There is also an additional referral incentive of 250 ZASH. Besides, ZIMBOCASH crypto assets are also listed on international exchanges, where you can purchase them. However, users should research the price history before purchasing the token since ZASH price may be volatile, just like other crypto assets.
