Unlocking the Power of Minted Tokens on ZENIQ SmartChain | Explore Live Minting Results
Updated: Aug 2
Minting Made Transparent: Explore Live Token Creation on ZENIQ SmartChain
In an exciting development for the crypto community, the minting results of various tokens on the ZENIQ SmartChain are now visible in the SAFIR back office. This means that users can track and monitor the validation process of minted tokens from projects like TDrone, REGARLESS, and SIDI minting shares. In this article, we'll explore how this new feature works and its significance for users and investors in the crypto space.
What is Minting?
Before we dive into the details, let's briefly explain what minting means in the context of the ZENIQ SmartChain. Minting refers to the process of validating transactions and creating new tokens on a blockchain network. In the case of the ZENIQ SmartChain, users who provide the necessary technical infrastructure, known as masternodes, to carry out the validation process are rewarded with tokens from the respective project.
The SmartChain Block Explorer
To view the live minting results of the TDrone token, users can visit the following link on the SmartChain Block Explorer: https://smart.zeniq.net/address/0x4cb0550c8b6765c15E77ad8b65189D4B865B4cb0. Similarly, the minting results of the SIDI token can be accessed at https://smart.zeniq.net/address/0xB4EB994f25d3E7E60802fe19f37bc8D5246C26D6, and the REGARDLESS token at https://smart.zeniq.net/address/0xAf4f8cE05AF30bb8e06a8AFec762609d2394BCd7.
Real-Time Tracking of Minting
With the availability of the minting results in the SAFIR back office, users can now track the validation process of the minted tokens in real-time. This transparency provides valuable insights into the performance of masternodes and allows users to gauge their rewards. As different masternodes confirm the validation process in blocks, the minting results can vary slightly due to temporally different block confirmations. However, over time, these results converge, ensuring a fair and accurate distribution of rewards.
Rewards and Incentives
One of the main benefits of minting tokens on the ZENIQ SmartChain is the rewarding system for masternode operators. By participating in the validation process, masternode operators receive tokens directly to their minting wallet. This incentivizes users to contribute to the network's security and stability, promoting a decentralized ecosystem.
The Significance of Live Minting
Live minting is an essential feature for projects built on the ZENIQ SmartChain. It allows users and investors to witness the real-time creation and distribution of tokens, enhancing transparency and trust within the community. Investors can make more informed decisions based on the live minting results, and developers can verify the efficiency and effectiveness of their token distribution mechanisms.
Summary
The visibility of minting results in the SAFIR back office marks a significant step forward for projects operating on the ZENIQ SmartChain. Users can now monitor the minting of tokens from various projects, fostering transparency and trust in the crypto space. As more users participate in the minting process, the ZENIQ SmartChain's ecosystem will continue to grow and evolve, shaping the future of decentralized finance.
FAQs
Q: How often are minting results updated in the SAFIR back office?
Minting results are updated in real-time, allowing users to track the latest validation process.
Q: Can users view historical minting data for analysis?
Yes, the SAFIR back office provides access to historical minting data for analysis and research purposes.
Q: How can users become masternode operators and participate in minting?
Users can become masternode operators by purchasing a physical or cloud ZENIQ HUB device at the SAFIR Back Office
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Entering the world of SAFIR is a straightforward process .The following steps outline how individuals can join and participate:​
Register for free on HERE(CLICK) and create a personal backoffice.
Explore and familiarize yourself with the backoffice, which offers valuable resources and information.
Choose a masternode product portfolio pack that aligns with your investment goals.
Activate your minters (masternodes) to start producing your digital assets 24/7.
Download the NOMO App and connect it with your backoffice for seamless asset management and communication.