ZooKeeper

What Is ZooKeeper (ZOO)?

It offers an innovative way of attaining yield through NFTs and complements Wanswap, a DEX by Wanchain. Users can earn ZOO, the protocol’s utility token as a farming reward by staking Wanswap liquidity provider tokens in a gamified way.

The protocol offers several products, such as different farming pools, NFTs that can be won by staking ZOO, a dashboard with farming statistics, an arena where users can compete for prizes, and various ways to purchase upgrades that improve farming rewards. NFTs can, in turn, be used to boost farming rewards, or they can be traded on the ZooKeeper marketplace.

Who Are the Founders of ZooKeeper?

The ZooKeeper team is composed of local Wanswap community members and Wanchain developers. Wanchain is a Sino-American blockchain that integrates multiple chains, allowing for interoperability and cross-chain transactions. It was founded in 2017 by Jack Lu, a blockchain entrepreneur, and Li Ni, a computer scientist with over 15 years of experience. Wanchain is based in Beijing, China and Austin, Texas. ZooKeeper is a fairly recent project and has only been around since summer 2021.

What Makes ZooKeeper Unique?

ZooKeeper aspires to shake up the yield-farming and NFT spaces by integrating them both and offering investors dual-farming and staking rewards with boosting options to improve the user experience.

For instance, you can farm liquidity in a ZooKeeper pool, with each pool featuring its own mascot with an individual name. All mascots are zoo animals designed in a pixelated comic book style to increase the GameFi look and feel of the platform. Another option is engaging with an expedition to obtain a “chest” containing an NFT booster. A golden chest guarantees an NFT booster for a cost of 1,000 ZOO. Alternatively, for 100 ZOO, you can obtain a silver chest with a 10% chance of winning, meaning you are guaranteed to win an NFT booster once in ten tries. Users can also stake ZOO between 2 and 30 days to unlock a chest.

The market offers different ZooBoosters and Elixirs, unique digital items which increase farming rewards. These can be obtained with ZOO or WASP tokens and resold if they are not burned to increase rewards. Moreover, you can store them securely in a safe available to every user. Items can also be crafted in the Alchemist Lab by staking ZOO and “brewing” a certain amount of Elixir to create new items. Combining different boosters and ZOO tokens can create new boosters that can later be sold on the marketplace.

Finally, the ZooRena offers a place where two clans representing different ZooKeeper mascots can participate in battle against each other. Each side can add extra strength to their team by attaching an NFT and winning by wagering on different bets related to the battle. The fight itself is commentated on by a designated mascot called the Zooporter, who also announces the wager outcomes.

How Many ZooKeeper (ZOO) Coins Are There in Circulation?

Since ZooKeeper employs a dynamic market cap strategy, the total supply of ZOO is flexible. ZOO tokens are being mined at a rate of 10 ZOO per block without pre-mining or presales of the token. The exact market cap figure depends on the boost percentage from NFTs, as well as the lockup periods by users staking ZOO. Therefore, the minimum total amount of ZOO will be 155 million and the maximum amount 393 million, which will only be known after all ZOO have been mined.

The token allocation is as follows:

77% are reserved for farming

9% are kept for the foundation

8% go to marketing

3% go to advisors

3% will be used to purchase wanTokens chosen by the community

How Is the ZooKeeper Network Secured?

ZooKeeper is built on Wanchain, itself a fork of Ethereum. In contrast to Ethereum, Wanchain uses a Proof-of-stake consensus mechanism, where the network’s validation nodes are divided into vouchers, storemen, and validators. Vouchers verify cross-chain transactions, storemen manage locked accounts, and validators perform regular verifications.