Zeus Network (ZEUS)

Cross-Chain Interoperability and DeFi

Zeus Network enables Bitcoin to work as a programmable asset on the Solana blockchain by tokenizing Bitcoin into zBTC. This allows users to use Bitcoin in decentralized finance (DeFi) activities such as lending, yield farming, and liquidity provision on Solana. It creates a trustless bridge for secure and efficient cross-chain transactions between Bitcoin and Solana.

Staking and Network Security

Users can stake ZEUS tokens to cover costs related to cross-chain transactions and support the network’s liquidity. Staking also helps secure the network and allows users to earn rewards. The network uses advanced cryptographic techniques and decentralized validation to maintain security and integrity.

Developer Tools and Ecosystem Growth

Zeus Network offers a programmable network layer (Zeus Layer) and a programming library (ZPL) that allow developers to build decentralized applications (dApps) on a bridgeless cross-chain infrastructure. This supports innovation and expansion of the ecosystem.

Governance and Incentives

ZEUS tokens provide holders with governance rights, access to services, and incentives within the Zeus Network ecosystem. This encourages community participation and helps drive the network’s development and adoption.

Advantages

• Zeus Network connects Bitcoin and Solana, enabling seamless cross-chain communication and interoperability, which helps unlock Bitcoin’s potential in decentralized finance (DeFi).
• It uses a decentralized network of nodes and the Zeus Program Library (ZPL) to bypass custodians, bridges, or KYC requirements, enhancing security and trustlessness.
• The network offers developer-friendly tools like BitcoinKit to simplify Bitcoin integration into Solana’s fast blockchain ecosystem.
• Zeus Network’s Layer 1.5 architecture allows direct programmatic control of Bitcoin without wrapped tokens, reducing counterparty risk.
• The ZEUS token provides incentives for users and developers, including staking rewards and governance participation.
• The project has shown recent positive price trends and increased trading volume, indicating growing market interest.
• It supports permissionless dApp development on bridgeless cross-chain infrastructure, promoting innovation.

Disadvantages

• Zeus Network’s price has experienced a significant drop from its all-time high (around -97.46%), reflecting high volatility and uncertainty.
• The project is considered high-risk due to market fluctuations and the evolving nature of cross-chain technology.
• Some supply of ZEUS tokens remains locked, which can affect liquidity and price stability.
• The complexity of cross-chain protocols may present challenges for average users to fully understand or adopt.
• Despite its potential, Zeus Network is still relatively less known compared to other projects, which might limit immediate adoption.

Summary

Zeus Network offers innovative solutions for Bitcoin and Solana interoperability with strong developer tools and security features. It has promising utility and incentives but comes with high volatility and market risks typical of emerging crypto projects.

Founders of Zeus Network (Streaming Service)

Zeus Network was founded by social media personalities DeStorm Power, Amanda Cerny, King Bach (Andrew Byron Bachelor), and television producer Lemuel Plummer, who also serves as the CEO and majority stakeholder.

Founders of Zeus Network (Crypto Project)

The crypto project Zeus Network, which focuses on blockchain interoperability between Solana and Bitcoin, was founded by Justin Wang and Jim Chiu. Justin Wang is noted as the founder and CEO involved in creating a cross-chain communication layer. Jim Chiu is also listed as a co-founder of the crypto project.

Angel Investors (Crypto Project)

While not founders, notable angel investors supporting the crypto Zeus Network include Solana co-founder Anatoly Yakovenko, Stacks co-founder Muneeb Ali, and Mechanism Capital co-founder Andrew Kang.

Institutional Investors

Zeus Network has raised over $8 million from 19 investors, including 16 institutional investors. Some notable institutional investors are Mechanism Capital, AppWorks, OKX Ventures, UTXO Management, Anagram, Animoca Ventures, and Portal Ventures. Mechanism Capital is a lead investor.

Angel Investors

There are 3 angel investors involved, including Anatoly Yakovenko (Solana co-founder), Muneeb Ali (Stacks co-founder), and Andrew Kang (Founder of Mechanism Capital). These angel investors bring expertise from the crypto and blockchain space.

Founders and Major Shareholders

The largest stake is held by the founder and CEO, Lemuel “Lemmy” Plummer, who is also the majority stakeholder and top investor. Co-founders King Bach, Amanda Cerny, and DeStorm Power hold minority shares. Other strategic investors include Jonathan Rogers from NBC Universal Media and Harold Lewis from Variety.

Summary

• 16 institutional investors (e.g., Mechanism Capital, AppWorks, OKX Ventures)
• 3 angel investors (e.g., Anatoly Yakovenko, Muneeb Ali)
• Founder and CEO Lemuel Plummer holds the majority stake
• Co-founders hold minority stakes
• Additional strategic investors from media industry

This mix of investors supports Zeus Network’s growth and innovation in the blockchain and streaming space.

Halal Status of Zeus Network

• Yes, Zeus Network can be considered halal because it functions as a cross-chain protocol that connects Bitcoin and Solana, enabling secure and trustless interoperability without relying on custodians or interest-based mechanisms.
• It focuses on real-world blockchain applications and decentralized finance (DeFi) without involving prohibited elements like riba (interest) or gambling.
• The network uses decentralized validators and advanced cryptography, aligning with principles of transparency and fairness valued in halal finance.