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What is ZOGI?
Diving into the expansive universe of crypto projects, today we turn our attention to ZOGI. An entrant in the digital assets market, ZOGI is a project that commands interest due to its multi-smart contract nature.
It operates across various blockchains, including Ethereum, Cronos, and BNB Smart Chain, among others, adding a layer of complexity and intrigue to its framework. As we dissect this unique project, we'll put our extensive crypto expertise to work, looking beyond the typical features and diving into what truly sets ZOGI apart in the ever-evolving crypto landscape. Stay tuned as we unfold the ZOGI story.
ZOGI Price and Founders
ZOGI is the brainchild of a group of blockchain enthusiasts who remain anonymous, adhering to the ethos of decentralization and anonymity that is often seen in the crypto space. As for its financial standing, ZOGI is currently trading at $0.1801, with a modest market cap of $78,407.
The 24-hour trading volume rests at a substantial $30,420, indicating a fair degree of liquidity and trading activity for a project of its size. Potential investors can purchase ZOGI tokens on several decentralized exchanges, with the largest volume of trade happening on PancakeSwap. As always, it's important to perform your due diligence before making any investment decisions.
What Makes ZOGI Unique
What sets ZOGI apart is its multi-chain presence, which is quite a rare feat for a project of its size. With smart contracts deployed on Ethereum, Cronos, and BNB Smart Chain, ZOGI exemplifies interoperability and the vision of a blockchain-agnostic future. This not only makes the project more accessible to a wide range of investors but also brings the advantages of different blockchains into its ecosystem.
Another unique feature is its association with other tokens and projects, including Magical Blocks (MBLK), Bezoge Earth (BEZOGE), and Origin Block (OBLK). It's intriguing to see a project that intertwines with other entities in such a way, suggesting a more collaborative approach to growth in the cryptosphere.
Furthermore, the project has adopted several token standards, including ERC-20, ERC-721, and ERC-1155, indicating its potential involvement in various aspects of the crypto economy, such as utility tokens, NFTs, and multi-token transfers.
ZOGI Pros & Cons
- Multi-chain presence: Ethereum, Cronos, and BNB Smart Chain.
- Association with other crypto projects: MBLK, BEZOGE, OBLK.
- Adoption of multiple token standards: ERC-20, ERC-721, ERC-1155.
- Several potential security risks identified by Fraudl in connected projects' smart contracts, including untracked tokens, mint functions, owner's ability to blacklist addresses, and potential to pause trading.
- ZOGI's smart contracts on Cronos, BNB Smart Chain, and Ethereum show no potential risks, but the verification status of associated projects' contracts is unknown, which raises questions about overall project transparency.
- Anti-whale mechanism in BEZOGE's contract, while intended to prevent single-entity market manipulation, can be modified by the owner, which could be a potential risk.
The ZOGI project exhibits some unique strengths that make it an interesting venture in the world of cryptocurrencies. Its multi-chain presence is a notable feature, as it leverages the benefits of different blockchain platforms. This diversified approach allows ZOGI to tap into the strengths of Ethereum, Cronos, and BNB Smart Chain, thereby enhancing its potential reach and performance.
Furthermore, ZOGI's association with other crypto projects like MBLK, BEZOGE, and OBLK adds an additional layer of complexity and potential synergies. By aligning with various projects, ZOGI positions itself as an interconnected entity within the crypto ecosystem, which may offer it unique opportunities for growth and development.
Lastly, the adoption of multiple token standards—ERC-20, ERC-721, and ERC-1155—demonstrates ZOGI's commitment to versatility. This flexibility can enhance its functionality and usability across various platforms and use cases.
However, potential investors must also consider the various risks associated with the ZOGI project. The security analysis conducted by Fraudl reveals several potential vulnerabilities in the connected projects' smart contracts. For instance, the presence of untracked tokens, mint functions, the owner's ability to blacklist addresses, and the possibility to pause trading are all features that might be used maliciously under certain circumstances.
Moreover, while ZOGI's smart contracts on Cronos, BNB Smart Chain, and Ethereum show no potential risks, the unknown verification status of the associated projects' contracts adds a degree of uncertainty.
Transparency is a critical factor in the crypto world, and this lack of clarity could impact the perception of ZOGI's overall project integrity.
Lastly, the presence of an anti-whale mechanism in BEZOGE's contract is designed to prevent market manipulation by single large holders. Still, the fact that the owner can modify this limit presents another potential risk. Therefore, while ZOGI has some promising features, it is essential for potential investors to consider these potential risks thoroughly.
Is ZOGI A Scam?
Analyzing ZOGI through our seasoned lens, it presents as a project with intriguing potential, yet not without its share of challenges. Its multi-chain presence and adoption of various token standards underscore a progressive approach. However, the potential risks identified in the connected projects' smart contracts raise some red flags.
These issues do not necessarily classify ZOGI as a scam, but they do indicate areas where caution should be exercised. It's imperative for potential investors to do their due diligence, understanding the underlying risks and rewards. In summary, ZOGI is a complex project that requires careful analysis before any investment decision.
The crypto landscape is rife with opportunities, but also fraught with potential pitfalls. Armed with the right knowledge, you can navigate this world more confidently. Check out our analysis of similar projects like Hector DAO and Sphere Finance for more insight into how we examine and evaluate these crypto endeavors.
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