Gate launches ZTC, a Layer 1 that combines Bitcoin security with Ethereum's programmability, today.

Zenchain(ZTC) is about to debut globally on Gate. According to the latest news, the spot trading of ZTC will officially go live today(January 7)20:00(UTC+8), with the trading pair ZTC/USDT. This marks an important milestone for this Layer 1 project that combines Bitcoin and Ethereum technological features. Currently, ZTC is priced at $0.007329, with a market cap ranking of 501st.

Key Dates and Trading Information

Technical Features of the ZenChain Project

ZenChain is a Layer 1 blockchain with core innovations that integrate the advantages of two public chains:

• Bitcoin’s security: inherits Bitcoin’s security mechanisms and consensus foundation
• Ethereum’s programmability: supports EVM compatibility, allowing developers to deploy smart contracts
• Hybrid consensus mechanism: achieves high throughput and fast finality
• Native AI layer: integrates artificial intelligence at the protocol level for fraud detection, execution optimization, and adaptive network management
• Bitcoin ecosystem expansion: provides possibilities for autonomous intelligent decentralized applications within the Bitcoin ecosystem

This design approach offers certain differentiation in the current Layer 1 space, aiming to balance security and programmability.

Current Market Performance

According to the latest market data, ZTC’s performance remains relatively stable:

Price and Market Cap

• Current price: $0.007329
• Market cap rank: 501st
• Total market cap: $40.86 million
• Fully diluted market cap: $153.90 million

Supply and Liquidity

• Circulating supply: 5,574,983,473 ZTC (26.55% of total supply)
• Total supply: 21,000,000,000 ZTC
• 24-hour trading volume: $10.50 million

From the data, ZTC’s market cap rank is relatively low, but the gap between the current market cap and fully diluted market cap indicates room for circulation growth. The 24-hour trading volume in the tens of millions of dollars suggests increasing market attention.

Market Outlook

The debut of ZTC on Gate is highly significant and typically brings several changes:

Liquidity Enhancement: As a major global exchange, Gate’s listing will significantly improve ZTC’s liquidity and trading depth, aiding price discovery and market participation.

Ecosystem Expansion: Increased investor participation may attract ecosystem builders and developers, promoting practical application development.

Price Volatility: Initial listing often involves price fluctuations, which could include short-term increases or adjustments due to profit-taking pressure. Investors should monitor the early performance after the trading pair goes live.

Technically, ZenChain’s AI layer and EVM compatibility design are innovative in the current market. However, the project’s actual value ultimately depends on the implementation of its ecosystem applications.

Summary

ZTC’s debut on Gate today marks the project’s entry into a broader market recognition stage. Its technical features are clear, and while its current market cap rank is relatively low, there is potential for growth in fully diluted market cap. Key factors to watch include liquidity performance post-listing, community enthusiasm, and the progress of ecosystem applications. For investors interested in Layer 1 innovations, this is a project worth following.