Phezzan Protocol Gets a New Team to Manage the Project

On April 23rd, zkSync’s decentralized and sustainable contract agreement, Phezzan Protocol, announced on Twitter that a new team has taken over the Phezzan Protocol project and will assume the management role of the project, and will conduct IDO as soon as possible to solve the problem of operating funds. In early 2023, Phezzan Protocol founders Roland and Jack received investments from VC firms including Delphi and Cogitent, with a total financing amount of over $1 million. Afterwards, Roland and Jack believed that this method violated their community oriented ideals and refunded 100% of the payment.

ZkSync Ecological Sustainability Contract Agreement Phezzan Protocol has been taken over by a new team

Introduction

On April 23rd, 2021, Phezzan Protocol announced on Twitter that a new team has taken over the management of the project. The team will conduct IDO as soon as possible to solve the problem of operating funds. In early 2023, Phezzan Protocol founders Roland and Jack received investments from VC firms including Delphi and Cogitent, with a total financing amount of over $1 million. However, the founders believed that this investment model violated their community-oriented ideals and refunded 100% of the payment. This article details the latest updates on Phezzan Protocol and its new team’s management strategy.

The New Management Team

The new team that has taken over the management of Phezzan Protocol is composed of experts in blockchain technology and finance. The team’s primary aim is to ensure that the project achieves its goals of creating sustainable solutions for decentralized and sustainable contract agreements. Additionally, the team will work to ensure that the project becomes profitable, leading to more investors and growth.

IDO to Solve the Problem of Operating Funds

The new team plans to conduct IDO (Initial DEX Offering) as soon as possible to raise funds for operating the project. IDO is a decentralized and sustainable way of fundraising in the blockchain world, where investors can purchase the native token of a project directly through a DEX (Decentralized Exchange).

Phezzan Protocol’s Community-Oriented Ideals

One of the primary reasons why Phezzan Protocol’s founders refunded their VC financing was that they believed it violated their community-oriented ideals. The new management team has vowed to uphold these ideals, and they will ensure that the project always works for the benefit of its community.

The Importance of Decentralized and Sustainable Contracts

Decentralized and sustainable contract agreements are beneficial because they eliminate the need for intermediaries, resulting in a more transparent and secure agreement. Furthermore, these contracts are sustainable because they are coded to last forever, and they can be modified or upgraded to meet changing needs.

Future Developments

The new team aims to create a sustainable model for Phezzan Protocol that is aligned with its community-oriented ideals. Additionally, the team is committed to creating more partnerships and collaborations that will lead to the development and adoption of decentralized and sustainable contract agreements on a global scale.

Conclusion

Phezzan Protocol has a new team committed to managing the project and upholding its community-oriented ideals. The team will conduct IDO to raise funds for operating the project and will work towards the development and adoption of decentralized and sustainable contract agreements on a global scale.

FAQs

Q1. What is IDO?
A1. IDO is a decentralized and sustainable way of fundraising in the blockchain world, where investors can directly purchase the native token of a project through a DEX.
Q2. Why are decentralized and sustainable contract agreements essential?
A2. Decentralized and sustainable contract agreements are beneficial because they eliminate intermediaries resulting in a more transparent and secure agreement. Additionally, these contracts are coded to last forever, and they can be modified or upgraded to meet changing needs.
Q3. What can we expect from the new team managing Phezzan Protocol?
A3. The new team aims to create a sustainable model for Phezzan Protocol that is aligned with its community-oriented ideals. Additionally, they plan to create more partnerships and collaborations that will lead to the development and adoption of decentralized and sustainable contract agreements on a global scale.

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