Zenfuse

Zenfuse is an all-in-one cryptocurrency trading platform that enables users to trade on multiple cryptocurrency exchanges from a single account that is accessed through desktop and mobile. The platform aims to make cryptocurrency trading easy and lucrative for beginners and experts.

Zenfuse is a cryptocurrency ecosystem that aims to use API key technology to connect users with the cryptocurrency exchange of their choice securely. Application programming interface (API) is a key code used to identify and authenticate users or applications. Since Zenfuse is a one-stop shop, the platform can implement advanced trading, holistically manage portfolios, and remain updated with the latest cryptocurrency news and analytics. 

ZEFU is the native ERC-20 token and exchange unit within the Zenfuse ecosystem. The primary utility of the token is giving token holders access to the platform and all of the features. Token holders need to stake a certain amount of tokens to access the platform. About a year after the platform's launch, staking will become available for users who used the platform for at least three months consecutively. The staked tokens will seek to generate revenue for them for their loyalty. 

The users must also burn a certain amount of tokens once a month to access the features, thus making ZEFU a deflationary token. Deflationary tokens are tokens that are designed to decrease in supply over time. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.

Third-party developers can also use the token to develop Zenfuse and API widgets sold in the Zenfuse App Store. Developers can choose among various pricing models, set the price for their widgets, and receive payment in ZEFU tokens. Zenfuse users share the content of their trading strategies and receive tips from other users for their work.

Third-party developers create standalone cryptocurrency apps using the Zenfuse Secure Gateway public API. Users of these apps pay for premium services and in-app purchases using the ZEFU tokens. 

Yuriy Kovalev, the CEO, launched the Zenfuse platform in August 2019. Other team members include Aleksandr Peresichan (CTO) and Mikhail Vorontsov (designer and 2D artist). Florian Wimmer, the cofounder and CEO at Blockpit GmbH, serves as an adviser to the company.