Home News ZINARI Finance – New concept of BORDERLESS currency

ZINARI Finance – New concept of BORDERLESS currency


Satoshi Nakamoto’s original vision for Bitcoin was to transcend the limitations of traditional physical currencies, which finally led to inflation, poverty, and economic collapse. Satoshi Nakamoto devised a mechanism to address this problem by replicating the previous gold standard. To replace the global monetary systems, he created a limited number of coins that are not subject to political control. His goal was to create a system that would address international trade issues, currency volatility, and inflation.

Nonetheless, Bitcoin’s whole value is based on money, not on itself or on real-world goods. Bitcoin’s usefulness as a means of exchange has been hampered by a number of difficulties. Due to high transaction fees, volatility, technical difficulties, and speculative characteristics, Bitcoin has evolved into a financial asset rather than a worldwide currency.

A new financial system became a must

A new financial system came to life as a result of an economic study conducted by economists whose earnings were dwindling due to falling local fiats. Zinari, which means gold in Hausa, was the name that the founders chose.

Zinari (Zina) is a decentralised finance (DeFi) system. Designed to facilitate international business transactions. The technology allows traders and payees to transmit money to their clients or investors in different countries via a decentralised network. Zinari’s goal is not to replace the present monetary system, but to improve it and make transactions considerably more efficient. That stated, Zinari is a standard by which goods are valued, not just a currency.

For example, a trader in Nigeria will be able to utilise the Zinari platform to convert his Naira to Chinese Yuan (CNY) via the Zina standard, and then transmit it to a vendor or family member in China without difficulty. This method is ideal for both large and small transactions. People will also be able to save their money in Zinari to avoid the volatility and issues associated with their poor native currency.

Zinari characteristics

Zinari is based on the Binance Smart-Chain Network and released on April 16th, 2021. With a total of 100 billion coins are available.

A specific demand and supply formula sets Zinari token prices, which creators have no influence over. Additionally, only holders decide the value, exchange rate, and issuing mechanisms

The goal is to create a coin in which each unit’s value is at 1 gold gramme to 1 ZINA. The value of ZINA against gold rises in tandem with the growth in the gold supply. The Zina standard is based on gold rather than the dollar.

The team will burn 50% of Zinari’s full supply over a 5-year period, rather than minting it continuously. This ensures Zina’s development versus gold and solves money multiplication difficulties caused by fiat currency.

There will be no team tokens or airdrops, and the community will supply exchange liquidity. As well, the Zinari community will determine the price’s rises and falls. Furthermore, it is primarily focusing on African and Latin American nations, where cross-border monetary transactions are extremely problematic.

Zinari Remittance

Travellers, importers, exporters, and multinational companies may transmit money across borders via the Zinari Remittance, which is a decentralised platform. Zinari Remittance allows you to send money like a local instead of utilising banks and other financial organisations, which charge exorbitant fees and have a slew of restrictive regulatory rules.

The payee can use Zinari Remittance to exchange his native money for crypto and vice versa. The payee may then transmit the foreign money to any recipient in any country he chooses utilising liquidity miners and a decentralised network.

Zinari Remittance Banking

Zinari Remittance will provide consumers in nations with currency problems offshore and borderless bank accounts for saving and exchanging money. Users will be able to make card-to-card payments via the Zinari Remittance network, as well as utilise credit cards and contactless prepaid cards.

To make this happen, the platform will collaborate with financial institutions that accept crypto payments. Users will be able to utilise their Zinari Remittance balances at actual stores all around the world as a result of this.

ZINA Cheques (zCHECK)

The goal is to integrate cryptocurrency into our everyday life. And you’ll be able to utilise the blockchain without any technical skills.

Zinari will introduce an NFT-minted cheque that is usable for both paper and digital checks. In addition, the Zinari Remittance network would be able to immediately clear such checks. In addition, the checks must be authenticated.

The payer has the option of choosing whether the zCheck is pre-confirmed or post-confirmed. zCHECKS can also be printed on paper or as PDFs, and they can be verified across borders. These zChecks would be available to all tokens on the Zinari network, not only Zina tokens.

Zinari Loans and Staking

Zinari will offer a peer-to-peer lending and overdraft mechanism. Loans will be backed by Zina tokens or provided in fiat currency. Users will be able to conduct transactions and payments with simplicity and without losing their Zina tokens.

A staking pool will offer liquidity for the Zina coins. Users will be able to stake their fiat and Zina tokens in order to get interest returns. The loans will be available with the help of the Zinari network’s escrow service and user permission. Credit cards, zCheck overdrafts, and normal usage are all options for spending the loan.

Staking Pools

The exchange will freeze ZINA tokens, which will be used to validate transactions. Holders will get 0.12% of all fees from sell transactions on the exchange as compensation for this.

It’s worth noting that staking does not result in a permanent loss, and players can unstake ZINA tokens at any moment. Besides, all transactions on the decentralised exchange awarded to the holders. This applies to ZINA coins as well as any other staking-enabled tokens on the blockchain.

Liquidity Pools

Holders who put ZINA tokens into liquidity will be able to use those tokens to buy more ZINA.

As a consequence, depending on the chain via which liquidity is delivered, these holders will receive compensation in ZINA or BNB (Binance coin).


Merchants and worldwide traders will be able to accept crypto payments using the Zinari POS. Users can make payments in either cash or cryptocurrency, but Zinari tokens will be usable to complete the transaction.

A web version of the POS would be available, allowing it to be usable as a payment gateway on e-commerce sites, applications, and other online platforms.

Zinari holders who meet a set of requirements set by the Zinari community would recieve the POS. This POS would also act as a Zinari liquidity network, allowing non-technical people to buy Zinari with cash and credit cards.

Zinari Chain

Zinari would create its own blockchain that will power stable currencies. The Ethereum-based blockchain will allow users to create stablecoins, fundraisers, and community currencies.

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