When will Bounty Campaign stop?
The first phase of the bounty has already closed. The second phase has started and the activity will end 4/26. |
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How will the decline of cryptocurrencies affect the sale of tokens?The equivalent is gradually decreasing .
True but ZNX token is an internal currency of Zonex platform and is directly affected by the demand for it not by the decline of cryptocurrencies. The success of the ZNX token is dependent on the number of platform users because ZNX tokens are needed for all types of financial interactions when the tournament starts. I hope it answers your question. |
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In what market exchange are we going to see ZNX token?
It is not yet known. It is necessary to apply for exchanges and pay the listing, but closer to the end of the ICO. Glad to hear that. I am looking forward to see ZNX in exchanges. |
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Is the entry fees that form the prize fund for a tournament be in automated escrow and transparently shown to participants?
Yeah, sure! The list of participants is published in the tournament lobby. You can simply multiply the number of participants and the amount of the contribution, getting the prize pool. That's nice to know. How about sponsored tournaments? Is everyone allowed to join or is this open only to invited gamers since the entry fee is free? Thank you for giving details on this. |
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Is the entry fees that form the prize fund for a tournament be in automated escrow and transparently shown to participants?
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In what market exchange are we going to see ZNX token?
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Basically ZNX token is the main legal tender of the platform and any person can become a participant irregardless of his or her gender, age or RESIDENCY. I highlighted residency because KYC is a token sales essential and their are banned countries stipulated in the form I have come across. How do you find a solution to address this problem?
We do not demand to disclose information about ourselves to those who buy tokens for cryptocurrency. Part of the culture of the crypto community is anonymity. If you buy tokens for fiat money - you need to fill out a questionnaire. Since the Bank requires disclosure of information about income. This is the decision of CEO. You have your good reason but there are reasons Why KYC is crucial for ICO investment and this is clearly stated in the CNN website. Read the link: https://www.ccn.com/five-reasons-kyc-crucial-ico-investment/ICO is still a crowdfunding sale and investors wanted security too for their investments and abiding to state regulations is also crucial for the success of an ICO. We follow the KYC procedure for those who buy for the usual currency. Cryptocurrency is not recognized as a currency. It's a digital asset. We change one digital asset to another digital asset. This is a mutually beneficial exchange-it does not require KYC procedure. The cryptocurrency community is in favor of anonymity. Us too. This is our position. What kind of decentralization can a startup or a community talk about if it obeys the rules of centralized systems??? ZNX has an innovative concept as I realized. Using a blockchain based smart contracts can deter fraud and cheats. And ZNX has truly prepared for this because eSports platform do have problems with hacks and making an early solution to address this can make investment secure and ZNX team is making a great move. |
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Basically ZNX token is the main legal tender of the platform and any person can become a participant irregardless of his or her gender, age or RESIDENCY. I highlighted residency because KYC is a token sales essential and their are banned countries stipulated in the form I have come across. How do you find a solution to address this problem?
We do not demand to disclose information about ourselves to those who buy tokens for cryptocurrency. Part of the culture of the crypto community is anonymity. If you buy tokens for fiat money - you need to fill out a questionnaire. Since the Bank requires disclosure of information about income. This is the decision of CEO. You have your good reason but there are reasons Why KYC is crucial for ICO investment and this is clearly stated in the CNN website. Read the link: https://www.ccn.com/five-reasons-kyc-crucial-ico-investment/ICO is still a crowdfunding sale and investors wanted security too for their investments and abiding to state regulations is also crucial for the success of an ICO. |
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Everyone does care about SEC and other regulations because it is a must to fill the KYC before we can join the token sale. We cannot blame the agency if there are new regulations created for crypto. Drug bust related to bitcoin created a stir in the crypto world. see: http://www.abc.net.au/news/2017-12-15/us-prosecutors-rush-to-sell-bitcoin-seized-in-drug-bust/9264098. Being based in Switzerland we participate in a lot of conversation about the future of crypto and regulation. Every time I raise the topic of regulation (e.g. security tokens vs. utility tokens, legality of ICOs) this with the crypto community not many people in the community (e.g. on bitcointalk or reddit) seem to care.
Is the crypto community here purely interested in gains from trading, regardless of regulation? Are only bankers, lawyers and business consultants interested in setting the rules, controls and regulation?
Just curious to hear your views and opinions about the future of regulation and in case you read this, perhaps you could recommend other discussion groups for this type of conversations.
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Basically ZNX token is the main legal tender of the platform and any person can become a participant irregardless of his or her gender, age or RESIDENCY. I highlighted residency because KYC is a token sales essential and their are banned countries stipulated in the form I have come across. How do you find a solution to address this problem?
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This is an amazing project. I am excited that everyone are given a chance to be part of a new eSports social network that could give a chance for newbies to develop a cyber-athlete carreer in their chosen eSports descipline. This project for me is not just a tournament or unifying eSports community but an invitation to retired real athletes to join the eSports community so they could still enjoy the sports discipline they love by being part of the eSports community and develop a new carreer in their chosen eSports discipline. ZNX token can truly reach the very heart of the crowd that loves Sports in a new platform.
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Every bounty has its own general rules. There are twitter campaign that requires a jr. member aside from the number of real followers that you have in your account. However, most twitter campaign that I have come across only requires a specific number of real followers and newbies are allowed to join. The age of your twitter account is also considered.
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I don't think that there is a risk in National ID submission for ICO KYC. The government has implemented a requirement for ICO to submit KYC to regulate and know the location of a person joining its bounty or token sale. There are countries that are banned in joining a bounty or token sale and the necessity to know if a person is legible or not is necessary. It is advisable therefore that you must make necessary research and confirmation before joining an ICO to protect from being phish.
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It is important that product or commodity has a specified market. A project that has unspecified market has less chance of success. The endorsement of a good commodity can invite investors to join the project ICO that leads to reaching the required crowdfund for its tier. Crowdsale and pre sale become inviting if the product is appealing to the market.
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Cryptocurrency gives everyone a fair chance to earn online without registration fees. It is easier to transfer and receive payments without the risk of using your bank identity because we only use the address. Transaction fees are much lower and processing is faster. With cryptocurrency, I was able to find an alternate source of income to payoff additional expenses and debts.
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ZNX token eSports Plaform for 350 Million people is created to hold online tournaments and to create a huge platform unifying the whole eSport community. Visit the website https://zonex.io to engage and be part of the ZNX token project that encourages every individual to be part of the platform and not professionals only. |
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Altcoin is a dummy. Dummy is an imitation of the original. Altcoin is built on a framework that imitate the success of bitcoin. These altcoins are launched to offer modifications in areas like privacy, proof of stake and many more to address the shortcomings and limitation of bitcoin. However, these are just a way to call bitcoin in another name but in the end it will be converted back to bitcoin. Bitcoin is a digital currency acceptable to a wider network that offers a wider acceptance in the coin market.
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Crypto is an additional source of income. It has given me an opportunity to interact with different people and keep me updated on the latest news in the financial market. I love the bounty and the free airdrop.
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Trading is also a game of chance and it both needs technical analysis and intuition. It is necessary that we monitor the market and trends to analyze the future of a coin. However, there are other factors to consider that sometimes mathematical analysis cannot answer but only to speculate by means of intuition.
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I have a feeling that the market will recover by the third quarter. The price decline is not really that bad when we know that the price in the second quarter of last year was way below compared to this year second quarter. It is obvious that the market was affected by the government laws to regulate the crypto market and the crypto is still in the adjustment period.
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