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DEX DISADVANTAGES :
More difficult to use. -Bancor's UI is extremely user-friendly
Low liquidity. Bancor's algorithm guarantees constant and automated liquidity
Lack of regulation. - Welcome to blockchain
More limited customer service (in most cases). - Bancor's TG channel is extremely active as well as /Bancor
FIAT purchase will never be allowed -You can purchase ETH with a debit card
Slow validation processes, since the transfers are hosted by the blockchain - All transactions/conversions take 1-2 minutes
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Definitely agree on the ADA and BNT, for C I'll pick CENNZ !
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You planning to build your smart contracts on top of ethereum blockchain. We all knows that ethereum can handle ~30tps. How will you solve the scalability issue?
Even in very large scales, we're not going to meet the tps limit. Let's take a very big scale for example: say a billion dollars worth of gift cards are going to be sold in the next year. Thats:•10,000,000 gift cards – $100 avg card (although we expect the average transaction to be much higher than $100)•10M transaction in a year •That's 3.3 tps Also another thing to remember: If a user bought a $100 Starbucks card and used it everyday to buy coffee for a month, only the first transaction (buying the GC) is on the blockchain.
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Does Zeex have a plan to prevent pump & dump and price manipulation after the token sale?
We as a company cannot discuss price or trading as ZIX is a utility token, not a security token, but in general due to the decentralized nature of the application it is impossible for the company to prevent users from performing actions. The company will hold 10% of tokens in escrow and the core team members will be restricted from flooding the market with their tokens as well.
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is there a way to convert your tokens instead of buying and selling on an exchange constantly? i want instant liquidity.
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Why does Zeex have its own token? Why not just use Ether or Bitcoin?Whats the benefit of that,wouldnt be easier to just use eth/btc?
The ZIX token serves several purposes without which our protocol could not function. ZIX acts as a login to the system, allowing users to buy and sell corporate currencies. ZIX can of course be used as a payment as well, but it can also be used to reserve various amounts of corporate currencies that may be in higher demand, so you can be sure you can get ahold of it (for instance, if there's some crazy discount like 20% on Amazon gift cards, you might wanna reserve that.) . ZIX also acts as a deposit within the smart contract to prevent fraud or double spending. Theres another great article that you can read up on here https://medium.com/the-zeex-protocol/why-does-zeex-need-zix-8ad243aaae60
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Who can participate in the bonus campaign? I see this project very well it will bring great profit. I see you have the beta version. Who can apply for beta testing? Is it fully functional to consider in many aspects?
Everyone can participate in bounty campaign. For Beta- We've taken applicants from all over the world. Probably most people we'll choose will be from the UK, some from Germany and maybe some from Russia for the first round due to QA needs and inventory. We have not yet released results of Beta
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Are you guys still connected to bancor?
Absolutely !
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What will you do when crypto comes at all time highs and all time lows?
Also how many tokens are in escrow and how many will be distributed to the community?
Since the market is so volatile, we will have live prices from the leading provider so that you get a reasonable exchange rate into whichever corporate currency you choose. 10% of tokens generated will be in escrow. 5% for the community is for different types of promotions and community engagement activities and strategies. There are many eventualities which would necessitate a reserve, the 10% is simply a safeguard.
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The team and me had a great meeting with NEO’s Founder. We are exploring collaboration. Thanks for your interest
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How long will bounty last?For how long was it extended?
Was the pool increased or not?I would join if pool was increased. The Zeex team is currently reviewing the possibility of increasing the bounty pool and will update the community soon. We are looking at other ways, in addition to the bounty, to reward our dedicated community members.
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How long will bounty last?For how long was it extended?
We are working on providing our Zeexers with a date but it has been extended!
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How big is your team currently,and any plans for expanding in the near future?
You can check out the team here https://www.zeex.me/#teamCurrently we have two dedicated programmers who both have a wealth of experience in blockchain tech! Do you plan to hire more people? We are not going to build everything with just two developers. We have a functional but modest product and protocol planned to be release around the TGE, but our interesting vision and roadmap will come right after, with a decent budget and much larger team. Lots of new stuff, from native apps, widgets, processing platform, financial services, products-to-crypto and many more to come later on the road. I recommend for you to stay tuned, it is going to be exciting.
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How big is your team currently,and any plans for expanding in the near future?
You can check out the team here https://www.zeex.me/#teamCurrently we have two dedicated programmers who both have a wealth of experience in blockchain tech!
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