Zap Store
Zap store is a platform that offers a rich number of real - time data feeds ( financial data, flight delay's, sport scores, etc). Those data feeds are getting oraclized ( Some kind of code were the data is stored). The oracle extracts the needed information and pushes it into a smart contract. Zap wants to make this process easy for everyone, now you have to be some kind of programmer to do all this. The only thing you will have to do is click some buttons. They are making it easy to create smart contracts with these oracles.
Shortly said:
Zap provides a marketplace for data feeds and a network mechanism for oraclizing those data feeds for use in smart contracts and decentralized applications (Ðapps).
It is hard to imagine a useful smart contract without oracles. The major restraints lie in the scarcity and insufficient quality of such oracles. And ZAP is the solution to this problem! With easy access to a wealth of oraclized data feeds, more and more Ðapps and smart contracts will begin to appear with real-life utility and value. They added a new and necessary layer to the ethereum blockchain.
Smart Contracts Explained
A smart contract is similar to a traditional contract but the terms of the contract are written in computer code and typically autonomously execute once the conditions of the contract have been met.
For example, an international sales agreement between two companies may be held in a smart contract that holds the buyer's funds for payment in escrow until the delivery of goods; at which time the funds will automatically be released to the seller. This can help eliminate distrust between two companies, especially if they do not have a previous business relationship.
There is more to Zap
You can add your own data seeds and monetize by them! You can use those oracles for personal use too, for example election outcomes are impacting all parts of society from financial markets to the future political landscape of a country. Imagine having access to that data first. You will have access to all real-time data. Check out the demo platform: http://www.demozap.com
Team
The team is incredibly strong! Nick Spanos as teamleader which is one of the first users of bitcoin and cofounder of the Bitcoin Center NYE just a block away from the new york stock exchange. Nick Spanos appeared in the Netflix Documentary ' Banking On Bitcoin.' and is a senior staff member of former congressman Ron Paul. They have a former data scientist from facebook and a remarkable community manager, Andrew Charles! He will answer every question and is very active on all social media platforms! The team has already achieved some big things, for instance they helped legalize cryptocurrencies in Belarus.
Token Supply
In the picture below you can see 47% is held for long term budget. The tokens have been sent to a non profit foundation. The tokens will be used to incentivize developers to publish oracles. Once a few start coming then they all come! It will also be used for other costs and bounties! This is in the best interest for the investors and the growth of the token.
The circulating supply is 152.5M!
Marketcap = Circulating supply X current price
Cryptopia, hitBTC, Etherdelta
If you still have questions you can join their telegram The Zap Store or you can read the frequently asked questions page, where you will find the whitepaper too. https://media.zapproject.org/frequently-asked-questions-about-zap-cce7dfe4ebde
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