At the current moment, GameFi stands as a field that many cryptocurrency investors hold high expectations for. Much of this stems from the market still not clearly demonstrating a trend, hence users can still fully believe in the future of GameFi and gaming guilds, which have previously brought considerable profits to users in past seasons.
One of the most renowned guilds that can be mentioned is GuildFi, which is soon to be rebranded as Zentry. So, what is Zentry (ZENT)? Let’s explore this with Tonraffles through the article below.
Zentry (ZENT): What is it ?
Zentry is a gaming universe expanded from a DAO (Decentralized Autonomous Organization). The Zentry ecosystem will be composed of key elements including a blockchain infrastructure connecting Web2 and Web3 data, encompassing identity and assets; and an application where people from diverse cultures can easily adapt, along with a treasury worth over 100 million USD.
Additionally, in the future, Zentry will also introduce Superlayer, created with the aim of providing a platform where elements such as loyalty mechanisms, player identities, integrated cross-world activities, and efficient operations are incorporated.
Basic information about the ZENT token:
At present, the project is encouraging users to convert from GF tokens to ZENT at a rate of 1:10 (1 GF = 10 ZENT), so information about the circulating supply has not been updated. Users can convert tokens themselves following the instructions below or send GF tokens to exchanges such as HTX or Bitkub for automatic conversion.
Token Allocation Ratio for ZENT
Currently, 91.6% of the total GF token supply has been allocated to stakeholders. Therefore, after the conversion period, 91.6% of the total ZENT supply will be allocated.
ZENT Token Allocation Schedule
As 91.6% of the GF token supply has been brought into the market, after the conversion period, 91.6% of the total ZENT supply will be allocated.
What is ZENT Token Used For ?
Currently, Zentry has not disclosed specific information about the utility of the ZENT token. Tonraffles will update as soon as there is the latest information from the project.
Where can investors trade the ZENT token?
At present, investors can trade the ZENT token on:
CEX exchanges: HTX, Bitkub.
DEX exchanges: Uniswap V3 (Ethereum).
Investors
As of the time of writing, Zentry (formerly GuildFi) has received a total of 6 million USD from investment funds such as: Kyros Ventures, Hashed, Pantera, DeFiance Capital, Play, Coinbase Ventures, Alameda Research, Animoca Brands, Dapper, Arche Fund, Skyvision Capital.
Instructions for converting GF tokens to ZENT:
Step 1: Access the link http://guildfi.com/migration and connect with the wallet holding GF tokens.
Step 2: Before proceeding with the conversion, users need to meet two conditions: the website must be granted permission to perform tasks, and the wallet must have enough ETH to cover transaction fees. Once these conditions are ensured, users click on “Approve Migration” to accept the conversion.
Then, users should click “Migrate to ZENT” to begin the conversion process. If the screen appears as shown below, it means that the conversion has been successful.
