ZENTORY (ZENT) — Primary-Source Research Dossier | 29 Sep 2026

Scope / status ZENTORY is currently a HyperEVM testnet protocol. Its own status materials say mainnet and the ZENT launch are gated on completion of an external audit. The published TGE structure is explicitly a working pre-audit plan, so I treat all token schedules below as planned rather than finalized.

What it builds ZENTORY describes itself as a non-custodial quant signal and vault system on HyperEVM. The public stack combines ERC-4626 vaults, an on-chain Signal Arena, EIP-712 signed signals, epoch scoring, staking, governance and fee distribution.

The repository reports 26 Solidity contracts deployed on HyperEVM testnet. The strategy engine itself is proprietary, while contracts, tests and settlement logic are public.

Tokenomics / valuation Published fixed supply: 1B ZENT with no mainnet mint.

Published TGE float: ~57.5M ZENT (~5.75%).

Because there is no live token price, valuation should remain algebraic:

FDV = 1B × price P TGE circulating value = 57.5M × P FDV / TGE circulating value ≈ 17.39×

That ratio is not a price forecast. It illustrates the difference between headline FDV and initially tradeable supply.

Unlock / dilution risk The published schedule identifies, by month 6, roughly:

22.5M airdrop tail 12.5M LP rewards 16.7M strategic-cliff release

That's ~51.7M of identified incremental supply versus a 57.5M TGE float.

At month 12, the schedule identifies a 45M team cliff release plus continuing strategic vesting.

Treasury and quant-reward releases are governance/activity dependent, so I don't think a precise circulating-supply curve can be defended from the calendar alone.

My preferred dilution metric is therefore:

scheduled unlock ÷ circulating supply immediately before that unlock

with discretionary/governance releases modeled separately.

Verification signals Positive: public contracts cover token, vesting, vaults, staking, fees, execution, signals and governance; testnet addresses are published; the project documents internal testing and Slither work.

Unresolved: the formal third-party audit is still planned rather than complete. Team disclosure also deserves further verification: different first-party documents describe the team/disclosure state differently.

Key risks

Security: external audit is still a launch gate, not completed assurance. Dilution: a ~5.75% initial float makes later cliffs/emissions large relative to circulating supply. Model transparency: signed outputs can be verified, but the strategy-generation engine is proprietary. Governance/control: mainnet multisig, ownership, timelocks and vesting controls must be re-verified after deployment. Regulatory: the project's own materials flag US securities uncertainty and unresolved EU/MiCA treatment.

Conclusion ZENTORY is unusually inspectable for a pre-TGE project because substantial testnet code and token mechanics are already public. The main unresolved diligence items are independent security assurance, final tokenomics, team verification and normalized post-TGE dilution.

Disclosure: I hold no known ZENT position and received no compensation from ZENTORY for this research. Republic participation may award VP for completing this educational quest. This is research, not investment advice.

Primary sources: ZENTORY Protocol GitHub TGE_STRUCTURE.md whitepaper.md STATE.md protocol build/verification plan

Question for review: Which assumption here would you challenge first: the normalized dilution framing, the treatment of governance-controlled emissions, or the weight I place on the pending external audit?