Overview
Zenland is a
smart contract platform that solves real-world problems using smart contracts.
Our smart contract escrow service is the first step on the journey to complete our mission. Its goal is to ensure secure transaction of digital goods and services sold or bought over the internet through simple programmable agreements published and stored on the public blockchain.
A user-friendly interface integrated with the EVM and 4 other major EMV-compatible networks quickly connects the end-user to the selected blockchain network allowing to create, deploy (publish), and execute smart contracts realtime. A set of specific built-in smart contract functions allows easy and risk-free transfer into and release of token funds (stablecoins) from the contract directly to the wallet address specified in the contract.
Key Benefits & Differentiation
As the first smart contract platform enabling smart contracts for general public, Zenland is different from all other existing smart contract platforms in its application and focus.
End-user ready platformWhile other smart contract platforms are mostly used for DeFi application development or enterprise use, Zenland is designed to address specific needs of the end user. One of many concerns of the online user today is trust. Even some of the most popular peer-to-peer marketplaces are full of fake reviews and profiles, recognizing which is becoming harder and more timeconsuming.
This creates the need for a new way how we do business online to ensure a safe and secure financial transaction between random people on the internet.
Smart contract escrow A simple one-page programmable contract published and stored on the public blockchain is the solution for trustless transactions online. Anonymous and transparent, it offers a guarantee of a formal agreement without any third party involved. Unlike traditional escrow services, Zenland escrow contracts are decentralized, does not require KYC, and time-lock contract funds in the blockchain (and not in someone's account or private server).
Common good over personal gainsAs much as we want it to turn into profit (and who doesn't?), we are driven by the idea of bringing smart contracts to daily life through simple full-service solution to peer-to-peer commerce and beyond. As such, unlike other one-off crypto projects Zenland will not push you to "buy our token" but rather encorages new users to invest their time by exploring
user documentation and testing the platform.
Stablecoin integrationIt's no secret that the whole cryptocurrency thing is volatile and hardly anyone would buy a pizza with bitcoin, or other altcoin today. To make a transaction fair for both sides entering into a smart contract agreement Zenland has 4 major stablecoins integrated - USDT, USDC, BUSD, DAI (1 unit is roughly $1 equivalent). This not only ensures that the payable amount is easy to calculate, but brings stability to digital asset holders. We believe this stablecoin integration with the simple escrow contracts would finally bridge the gap between DeFi and regular people.
Development & MissionThe Zenland platform has just been released with its first smart contract type - default escrow contracts [June 2022].
This release marks the end of a 10-month test-driven development of the platform's interface and its smart contract logic. That being said, Zenland is a continuously evolving platform that will incorporate user feedback throughout the beta testing phase and in the upcoming releases.
All important updates and new features added to the platform will be listed here in this announcement thread along the way.
As of today, the following features have been enabled:
- anonymous and secure web3 login (via MetaMask extension) without email or password;
- decentralized escrow with the default escrow contracts integrated with 5 major public blockchains;
- autonomous (no third-party access) and programmable time-locked access to funds kept by the contract;
- it supports only trusted major use cryptocurrency tokens, such as USDT, USDC, BUSD, and DAI;
- built-in logic for unsettled cases — on-call dispute resolution by a Zenland agent;
- real-time execution and control of Zenland contracts (via a user-friendly “Contract Control” interface);
- in-app contract chat displays associated blockchain transaction logs and contract states);
- automatic recording of transaction logs and contract states in the chat associated with the specific contract;
- internal wallet for a service fee [testers and early adopters are given a trial fund to use Zenland at no cost];
Our vision for it as a full-service smart contract platform that simplifies financial transactions between individuals leveraging smart contracts would eventually lead Zenland to expand beyondthe scope of escrow smart contracts.
Application & Use
As of now with the first smart contract type being built, Zenland is finally ready to test and prove its smart contract escrow service to the world. The contracts are one-page long programmable agreements intended for safe trustless peer-to-peer transaction of goods (primarily digital) and services.
See how Zenland escrow contracts work in detail [a brief video guide]
Unlike traditional escrow services or payment processors, our default escrow contracts are:
- easy-to-use: built-in default escrow contract template, contract chat displaying contract log messages, control page to regulate the contract progression, contract notification system, etc.
- decentralized: Zenland escrow contracts will only come into effect once deployed (published) to the public blockchain network and can never be controlled or executed by any third party or central authority (including the Zenland team).
- anonymous: no personal data that directly identifies a user (no KYC), other than standard browser data, is collected or stored on our server before, during, or after the contract execution.
- trustless: neither you nor the other contract participant have to trust any third party including us with the contract amount. It is stored inside the contract on the public blockchain and is only released by direct participants. of the contract.
- affordable: no minimum service fee (pay as little as $0.017 per contract), service fee regression with the increase of the contract amount (up to 0.5%), no upfront arbitrage comission (dispute resolution only per request), no bank or wire transfer fees.
Specifications & Tech (based on alpha tests)
- Smart contracts written in Solidity 0.8.x;
- Allow real-time execution of smart contracts on both sides (Contractor and Contractee);
- The platform is fully functional in Chrome, Firefox, Edge, and Brave desktop browsers;
- "Create", "Deploy", "Transfer", "Complete", and "Release" are consecutive user actions for contract execution.
- "Draft", "Deployed", "Active", "Fulfilled" and "Executed" are the contract states of any contract lifecycle.;
- Smart contracts can be deployed to Ethereum, Binance Smart Chain, Polygon, Avalanche, and Fantom networks;
- MetaMask login (with Coinbase and a few other trusted web3 wallet logins in development);
- 19.7 seconds is the longest time for contract deployment (vary from network to network);
- Total gas fees for all contract transactions and calls is between $0.5 and $1 dollar;
- Zenland service fee from $0.01 per escrow contract (vary depending on the contract amount).
Milestones & Roadmap
Q3 - Q4 2021September - October - idea and concept development.
November - December - product design development and approval.
Q1 - Q2 2022January - April - product development (desktop version, official website).
May - June - alpha testing (individual volunteers and team members).
June 22, 2022 - beta release announcement and the start of beta testing.
Q3 - Q4 2022July - August - beta-testing of the desktop version and mobile version development.
September 2022 (proposed) - Public launch of Zenland escrow contracts;
October - November - Feature and accessibility expansion (undisclosed).
Q1 - Q2 2023January - March - ZENF token mint, whitepaper v1.0, presale I, II.
April - June - Zenland marketplace phase II tests, official release.
Q3 - Q4 2023July - September - profile security, fraud report system, whitepaper v.2.0, niche ads.
October - December - full EVM compatibility, web3 marketplace, multichannel marketing.
Roadmap can be found in more detail
here.