Bitcoin Forum
May 21, 2024, 08:57:41 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 [28] 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 »
  Print  
Author Topic: [ANN] Announcing ZED!  (Read 9362 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
alendel0n7
Jr. Member
*
Offline Offline

Activity: 392
Merit: 1

🔰FERRUM NETWORK🔰


View Profile
October 20, 2018, 10:00:26 PM
 #541

Does ZED tokens are available on the market now? I visited their website and I still see a section for token sale so I was confuse if they still running ICO although this thread was created since 2017.

Currently, ZED Network ICO token sale is in the running Private Offering stage! It will last till December 30, 2018.
1 billion tokens total available for purchase on private sale
Token Sale Price: 1 ZED token = $0.03 USD
1st batch at 500,000,000 tokens with 50% discount (min. $100,000 USD) — $7,500,000 USD
2nd batch at 500,000,000 tokens with 30% discount (min. $25,000 USD) — $10,500,000 USD
Currencies Accepted: USD, CAD, BTC and ETH

In telegram chan CEO of ZED Netowork ALan Safahi wrote that they are thinking about reducing the minimum investment. They are thinking about $5000.
This is very good news. This step would allow many people interested in the project to buy tokens with a good bonus.  I would be grateful if you would give a link to this message.
This is a very positive change, while maintaining the size of the bonus. It would be interesting to know as much as this information is correct.

I think we`ll be informed about this changes through the official channels bu someone of the team of ZED Network. IMO, CEO and founder of ZED Network - Alan Safahi knows the pros and cons that could have such a step.
As for me, I think they will not change the rules during the ongoing stage of the ICO as it could cause a negative reaction from the current investors.

  
I see no reason for dissatisfaction with this decision on the part of current investors. Also, I see no flaws in this decision of the project team. Explain what negative consequences of this decision are possible?

The main dissatisfaction for the big investors would be to know that the smaller one could receive tokens with the same bonus as they did and with the smaller number of funds invested in the project! It is obvious and quite fair from their side to think so, IMO. The rules of the token economic in almost every startup proclaim that the more you buy the largest bonus you`ll get.
Yes, this is quite a normal desire of early investors to be "ahead of the crowd" for bonuses. Therefore, after all, ZED must make a weighted decision. What do you think is solutions in this situation?

⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️ Ferrum Network • High-Speed Interoperability Network for Financial Applications 📀📀📀📀📀📀📀📀📀
https://ferrum.network
alendel0n7
Jr. Member
*
Offline Offline

Activity: 392
Merit: 1

🔰FERRUM NETWORK🔰


View Profile
October 20, 2018, 10:04:41 PM
 #542

By the way, in the telegram group, the question was asked how ZED differs from other currencies, for example XRP, which pursue the goal of reducing transaction costs. Alan gave an explanation, which you will probably be interested in.

"The main difference is that we fully KYC every single tokeholder and verify every trx for compliance and monitor for Anti_money Laundering.  XRP, XLM, BTC or ETh do not perform this crucial KYC check which is the main reasons MTOs won’t use them.  Many banks and some large MTOs partner with Ripple to use their paltform but will issue their own currency instead of using XRP which, IMHO, defeats the purpose of having a global settlement network!"
Yes, this is undoubtedly a huge plus ZED. If we get legal cryptocurrency operations, many states will look at cryptocurrencies in a different way.

Also, he once wrote in his reddit account that "...ZED Network is a more comprehensive, turnkey Platform as a Service (PaaS), developed over the past 3 years now being optimized to work with ZED tokens".
As to the reasons they choose Stellar he wrote that "...they have a great solution for remittance companies using XLM and see ZED as a complementary solution that will greatly enhance the Stellar Network by bringing dozens of licensed MTOs and expanding the network to 40+ countries."
Great plans for the project. This explains the large amount of time that the team has allocated for development.

⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️ Ferrum Network • High-Speed Interoperability Network for Financial Applications 📀📀📀📀📀📀📀📀📀
https://ferrum.network
alendel0n7
Jr. Member
*
Offline Offline

Activity: 392
Merit: 1

🔰FERRUM NETWORK🔰


View Profile
October 20, 2018, 10:08:45 PM
 #543

By the way, in the telegram group, the question was asked how ZED differs from other currencies, for example XRP, which pursue the goal of reducing transaction costs. Alan gave an explanation, which you will probably be interested in.

"The main difference is that we fully KYC every single tokeholder and verify every trx for compliance and monitor for Anti_money Laundering.  XRP, XLM, BTC or ETh do not perform this crucial KYC check which is the main reasons MTOs won’t use them.  Many banks and some large MTOs partner with Ripple to use their paltform but will issue their own currency instead of using XRP which, IMHO, defeats the purpose of having a global settlement network!"
How ZED going to comply with AML legislation? Will ZED use artificial intelligence to track the origin of money?

⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️ Ferrum Network • High-Speed Interoperability Network for Financial Applications 📀📀📀📀📀📀📀📀📀
https://ferrum.network
Vlad2255
Jr. Member
*
Offline Offline

Activity: 350
Merit: 1

🔰FERRUM NETWORK🔰


View Profile
October 20, 2018, 10:51:02 PM
 #544

Does ZED tokens are available on the market now? I visited their website and I still see a section for token sale so I was confuse if they still running ICO although this thread was created since 2017.

Currently, ZED Network ICO token sale is in the running Private Offering stage! It will last till December 30, 2018.
1 billion tokens total available for purchase on private sale
Token Sale Price: 1 ZED token = $0.03 USD
1st batch at 500,000,000 tokens with 50% discount (min. $100,000 USD) — $7,500,000 USD
2nd batch at 500,000,000 tokens with 30% discount (min. $25,000 USD) — $10,500,000 USD
Currencies Accepted: USD, CAD, BTC and ETH

In telegram chan CEO of ZED Netowork ALan Safahi wrote that they are thinking about reducing the minimum investment. They are thinking about $5000.
This is very good news. This step would allow many people interested in the project to buy tokens with a good bonus.  I would be grateful if you would give a link to this message.
This is a very positive change, while maintaining the size of the bonus. It would be interesting to know as much as this information is correct.

I think we`ll be informed about this changes through the official channels bu someone of the team of ZED Network. IMO, CEO and founder of ZED Network - Alan Safahi knows the pros and cons that could have such a step.
As for me, I think they will not change the rules during the ongoing stage of the ICO as it could cause a negative reaction from the current investors.

  
I see no reason for dissatisfaction with this decision on the part of current investors. Also, I see no flaws in this decision of the project team. Explain what negative consequences of this decision are possible?

The main dissatisfaction for the big investors would be to know that the smaller one could receive tokens with the same bonus as they did and with the smaller number of funds invested in the project! It is obvious and quite fair from their side to think so, IMO. The rules of the token economic in almost every startup proclaim that the more you buy the largest bonus you`ll get.
I did not think about it. We can only fantasize up about a possible solution to this problem. For example, if there are still not very many investors, ZED can somehow encourage them (increase the bonus) and at the same time reduce the minimum investment amount for the first phase.

⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️ Ferrum Network • High-Speed Interoperability Network for Financial Applications 📀📀📀📀📀📀📀📀📀
https://ferrum.network
Vlad2255
Jr. Member
*
Offline Offline

Activity: 350
Merit: 1

🔰FERRUM NETWORK🔰


View Profile
October 20, 2018, 10:53:07 PM
 #545

By the way, in the telegram group, the question was asked how ZED differs from other currencies, for example XRP, which pursue the goal of reducing transaction costs. Alan gave an explanation, which you will probably be interested in.

"The main difference is that we fully KYC every single tokeholder and verify every trx for compliance and monitor for Anti_money Laundering.  XRP, XLM, BTC or ETh do not perform this crucial KYC check which is the main reasons MTOs won’t use them.  Many banks and some large MTOs partner with Ripple to use their paltform but will issue their own currency instead of using XRP which, IMHO, defeats the purpose of having a global settlement network!"
How ZED going to comply with AML legislation? Will ZED use artificial intelligence to track the origin of money?
I think only Alan will be able to answer this question in detail. I propose to wait for his answer. By the way, maybe this is information in whitepaper? I could not find.

⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️ Ferrum Network • High-Speed Interoperability Network for Financial Applications 📀📀📀📀📀📀📀📀📀
https://ferrum.network
alendel0n7
Jr. Member
*
Offline Offline

Activity: 392
Merit: 1

🔰FERRUM NETWORK🔰


View Profile
October 20, 2018, 10:56:25 PM
 #546

By the way, I have seen some people become disappointed when they hear that ICO ZED will end at the end of 2019. These are mainly participants of airdrop. I really don't like it. People do not even try to understand the essence of the project, but simply seek quick benefits.

⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️ Ferrum Network • High-Speed Interoperability Network for Financial Applications 📀📀📀📀📀📀📀📀📀
https://ferrum.network
Sivainvest
Jr. Member
*
Offline Offline

Activity: 378
Merit: 6


View Profile
October 21, 2018, 08:36:07 AM
 #547

By the way, I have seen some people become disappointed when they hear that ICO ZED will end at the end of 2019. These are mainly participants of airdrop. I really don't like it. People do not even try to understand the essence of the project, but simply seek quick benefits.
most people want to get their profit here and now, there are a lot of ICOs for that. ZED Network is good for long-term investments.
Sivainvest
Jr. Member
*
Offline Offline

Activity: 378
Merit: 6


View Profile
October 21, 2018, 08:38:43 AM
 #548

You know what I like in cryptocurrencies? Their economics in most of cases gives profit just for holding coins. Anybody could explain me benefits of holding ZED tokens?
Nadia_l
Sr. Member
****
Offline Offline

Activity: 826
Merit: 251



View Profile
October 21, 2018, 10:31:28 AM
 #549

Does ZED tokens are available on the market now? I visited their website and I still see a section for token sale so I was confuse if they still running ICO although this thread was created since 2017.

Currently, ZED Network ICO token sale is in the running Private Offering stage! It will last till December 30, 2018.
1 billion tokens total available for purchase on private sale
Token Sale Price: 1 ZED token = $0.03 USD
1st batch at 500,000,000 tokens with 50% discount (min. $100,000 USD) — $7,500,000 USD
2nd batch at 500,000,000 tokens with 30% discount (min. $25,000 USD) — $10,500,000 USD
Currencies Accepted: USD, CAD, BTC and ETH

In telegram chan CEO of ZED Netowork ALan Safahi wrote that they are thinking about reducing the minimum investment. They are thinking about $5000.
This is very good news. This step would allow many people interested in the project to buy tokens with a good bonus.  I would be grateful if you would give a link to this message.
This is a very positive change, while maintaining the size of the bonus. It would be interesting to know as much as this information is correct.

I think we`ll be informed about this changes through the official channels bu someone of the team of ZED Network. IMO, CEO and founder of ZED Network - Alan Safahi knows the pros and cons that could have such a step.
As for me, I think they will not change the rules during the ongoing stage of the ICO as it could cause a negative reaction from the current investors.

  
I see no reason for dissatisfaction with this decision on the part of current investors. Also, I see no flaws in this decision of the project team. Explain what negative consequences of this decision are possible?

The main dissatisfaction for the big investors would be to know that the smaller one could receive tokens with the same bonus as they did and with the smaller number of funds invested in the project! It is obvious and quite fair from their side to think so, IMO. The rules of the token economic in almost every startup proclaim that the more you buy the largest bonus you`ll get.
Yes, this is quite a normal desire of early investors to be "ahead of the crowd" for bonuses. Therefore, after all, ZED must make a weighted decision. What do you think is solutions in this situation?
I think they could change the minimum investment from min. $25,000 USD to about $5000 or even to the lower number in the next round of the ZED token sale. But as to this round, it could be done only after they will receive the confirmation from all private investors that have bought ZED tokens during the 1-st round.
alendel0n7
Jr. Member
*
Offline Offline

Activity: 392
Merit: 1

🔰FERRUM NETWORK🔰


View Profile
October 21, 2018, 03:30:23 PM
 #550

By the way, I have seen some people become disappointed when they hear that ICO ZED will end at the end of 2019. These are mainly participants of airdrop. I really don't like it. People do not even try to understand the essence of the project, but simply seek quick benefits.
most people want to get their profit here and now, there are a lot of ICOs for that. ZED Network is good for long-term investments.
Yes, that's right. I would even say that this is a medium-term investment. But nevertheless, the impatience of people makes me sad.

⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️ Ferrum Network • High-Speed Interoperability Network for Financial Applications 📀📀📀📀📀📀📀📀📀
https://ferrum.network
alendel0n7
Jr. Member
*
Offline Offline

Activity: 392
Merit: 1

🔰FERRUM NETWORK🔰


View Profile
October 21, 2018, 03:32:36 PM
 #551

Does ZED tokens are available on the market now? I visited their website and I still see a section for token sale so I was confuse if they still running ICO although this thread was created since 2017.

Currently, ZED Network ICO token sale is in the running Private Offering stage! It will last till December 30, 2018.
1 billion tokens total available for purchase on private sale
Token Sale Price: 1 ZED token = $0.03 USD
1st batch at 500,000,000 tokens with 50% discount (min. $100,000 USD) — $7,500,000 USD
2nd batch at 500,000,000 tokens with 30% discount (min. $25,000 USD) — $10,500,000 USD
Currencies Accepted: USD, CAD, BTC and ETH

In telegram chan CEO of ZED Netowork ALan Safahi wrote that they are thinking about reducing the minimum investment. They are thinking about $5000.
This is very good news. This step would allow many people interested in the project to buy tokens with a good bonus.  I would be grateful if you would give a link to this message.
This is a very positive change, while maintaining the size of the bonus. It would be interesting to know as much as this information is correct.

I think we`ll be informed about this changes through the official channels bu someone of the team of ZED Network. IMO, CEO and founder of ZED Network - Alan Safahi knows the pros and cons that could have such a step.
As for me, I think they will not change the rules during the ongoing stage of the ICO as it could cause a negative reaction from the current investors.

  
I see no reason for dissatisfaction with this decision on the part of current investors. Also, I see no flaws in this decision of the project team. Explain what negative consequences of this decision are possible?

The main dissatisfaction for the big investors would be to know that the smaller one could receive tokens with the same bonus as they did and with the smaller number of funds invested in the project! It is obvious and quite fair from their side to think so, IMO. The rules of the token economic in almost every startup proclaim that the more you buy the largest bonus you`ll get.
Yes, this is quite a normal desire of early investors to be "ahead of the crowd" for bonuses. Therefore, after all, ZED must make a weighted decision. What do you think is solutions in this situation?
I think they could change the minimum investment from min. $25,000 USD to about $5000 or even to the lower number in the next round of the ZED token sale. But as to this round, it could be done only after they will receive the confirmation from all private investors that have bought ZED tokens during the 1-st round.
This is the most logical and correct. In this case, ZED will act wisely with early investors and will attract more people to the second phase. Great option. Wink

⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️ Ferrum Network • High-Speed Interoperability Network for Financial Applications 📀📀📀📀📀📀📀📀📀
https://ferrum.network
Vlad2255
Jr. Member
*
Offline Offline

Activity: 350
Merit: 1

🔰FERRUM NETWORK🔰


View Profile
October 21, 2018, 04:12:23 PM
 #552

By the way, I have seen some people become disappointed when they hear that ICO ZED will end at the end of 2019. These are mainly participants of airdrop. I really don't like it. People do not even try to understand the essence of the project, but simply seek quick benefits.
There is a positive side to this. Projects that initially do not attract the attention of the crowd are the most successful.

⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️ Ferrum Network • High-Speed Interoperability Network for Financial Applications 📀📀📀📀📀📀📀📀📀
https://ferrum.network
Vlad2255
Jr. Member
*
Offline Offline

Activity: 350
Merit: 1

🔰FERRUM NETWORK🔰


View Profile
October 21, 2018, 04:48:41 PM
 #553

You know what I like in cryptocurrencies? Their economics in most of cases gives profit just for holding coins. Anybody could explain me benefits of holding ZED tokens?
ZED tokens are very beneficial to hold. If you are a member of the first or second phase, then you expect awesome bonuses. Here is information from whitepaper:
"We wish to reward early investors (Batch 1 and 2 investors only) who do not sell their tokens with additional rewards for holding on to their ZED tokens for up to 3 years as follows:

Hold all ZED tokens for 1 year after General Offering: Receive 10% bonus in ZED tokens
Hold all ZED tokens for 2 years after General Offering: Receive 30% bonus in ZED tokens
Hold all ZED tokens for 3 years after General Offering: Receive 60% bonus in ZED tokens"

⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️ Ferrum Network • High-Speed Interoperability Network for Financial Applications 📀📀📀📀📀📀📀📀📀
https://ferrum.network
Vlad2255
Jr. Member
*
Offline Offline

Activity: 350
Merit: 1

🔰FERRUM NETWORK🔰


View Profile
October 21, 2018, 05:15:21 PM
 #554

By the way, now once again re-reading the whitepaper noticed that the number of team members has increased. This is a good sign, it means the development of ZED in all directions!

⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️⚪️ Ferrum Network • High-Speed Interoperability Network for Financial Applications 📀📀📀📀📀📀📀📀📀
https://ferrum.network
nanahasseldoff
Newbie
*
Offline Offline

Activity: 29
Merit: 0


View Profile
October 21, 2018, 05:24:16 PM
 #555


Hi, I am looking for airdrop, is it available here?
But this is a promising and very good project.
Nadia_l
Sr. Member
****
Offline Offline

Activity: 826
Merit: 251



View Profile
October 21, 2018, 08:58:48 PM
 #556

You know what I like in cryptocurrencies? Their economics in most of cases gives profit just for holding coins. Anybody could explain me benefits of holding ZED tokens?
ZED tokens are very beneficial to hold. If you are a member of the first or second phase, then you expect awesome bonuses. Here is information from whitepaper:
"We wish to reward early investors (Batch 1 and 2 investors only) who do not sell their tokens with additional rewards for holding on to their ZED tokens for up to 3 years as follows:

Hold all ZED tokens for 1 year after General Offering: Receive 10% bonus in ZED tokens
Hold all ZED tokens for 2 years after General Offering: Receive 30% bonus in ZED tokens
Hold all ZED tokens for 3 years after General Offering: Receive 60% bonus in ZED tokens"


And this is one more evidence why it is important to buy tokens in the 2-nd Batch and get lower barrier with the reduced min. number of tokens to buy in the Batch 2 (at least for us -  not big investors). So the question is how do we know when the 2-nd bath of the private token sale starts and what is the min. number of tokens to buy for it.
Sivainvest
Jr. Member
*
Offline Offline

Activity: 378
Merit: 6


View Profile
October 22, 2018, 08:15:45 AM
 #557

You know what I like in cryptocurrencies? Their economics in most of cases gives profit just for holding coins. Anybody could explain me benefits of holding ZED tokens?
ZED tokens are very beneficial to hold. If you are a member of the first or second phase, then you expect awesome bonuses. Here is information from whitepaper:
"We wish to reward early investors (Batch 1 and 2 investors only) who do not sell their tokens with additional rewards for holding on to their ZED tokens for up to 3 years as follows:

Hold all ZED tokens for 1 year after General Offering: Receive 10% bonus in ZED tokens
Hold all ZED tokens for 2 years after General Offering: Receive 30% bonus in ZED tokens
Hold all ZED tokens for 3 years after General Offering: Receive 60% bonus in ZED tokens"

Wow this is smart. Very good tokenomics which is motivating investors to hold tokens for 2-3 years after General Offering.
Sivainvest
Jr. Member
*
Offline Offline

Activity: 378
Merit: 6


View Profile
October 22, 2018, 08:17:36 AM
 #558

You know what I like in cryptocurrencies? Their economics in most of cases gives profit just for holding coins. Anybody could explain me benefits of holding ZED tokens?
ZED tokens are very beneficial to hold. If you are a member of the first or second phase, then you expect awesome bonuses. Here is information from whitepaper:
"We wish to reward early investors (Batch 1 and 2 investors only) who do not sell their tokens with additional rewards for holding on to their ZED tokens for up to 3 years as follows:

Hold all ZED tokens for 1 year after General Offering: Receive 10% bonus in ZED tokens
Hold all ZED tokens for 2 years after General Offering: Receive 30% bonus in ZED tokens
Hold all ZED tokens for 3 years after General Offering: Receive 60% bonus in ZED tokens"


And this is one more evidence why it is important to buy tokens in the 2-nd Batch and get lower barrier with the reduced min. number of tokens to buy in the Batch 2 (at least for us -  not big investors). So the question is how do we know when the 2-nd bath of the private token sale starts and what is the min. number of tokens to buy for it.
not everyone could afford to invest $25 000 or $100 000 in first phase of tokensale. Let's wait until Batch 2 starts.
Stkumar
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
October 22, 2018, 01:29:31 PM
 #559

ZED Network is SaaS platform built on a distributed blockchain network using ZED cryptocurrency. We are headquartered in Ontario, Canada and target Money Transfer Operators worldwide.

https://i.imgur.com/ovvlCpo.png


Introducing ZED





At the heart of ZED Network is ZED currency which is a Cryptocurrency built on a mining-free, distributed ledger. There will be a maximum cap of 38B tokens authorized, 8 Billion of which will be sold to to accredited investors in the U.S. and Canada as well as investors other select markets worldwide.  

Upon close of the token sales, ZED will also be available to MTOs to buy and use solely for utility purposes of facilitating remittances worldwide.
  
In the same manner that SWIFT connects banks together on a global basis, ZED Network will seamlessly connect licensed MTOs in multiple countries to become a single point of integration for multiple currency pairs.

Some of the features of ZED Platform include:


  • Decentralized Platform - ZED Network is built on a network of servers all over the world and validators will be run by community members external to ZED Platform. These servers are maintained by different individuals and entities. If ZED, Inc. were to disappear, the network would continue to confirm transactions, and anchors could still integrate with the network at any time.

  • Distributed Ledger
    - ZED Network is built on a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions. There is no central administrator or centralised data storage.
  • Risk Mitigation- ZED is not an anonymous currency.  We will target accredited investors only and perform Know Your Customer (KYC) for each ZED token/coin issued during Initial Coin Offering (ICO).  Furthermore, exchanges offering ZED will be required to perform KYC validation to buy or sell ZED.  Every transaction on ZED is encrypted and recorded on a blockchain that traces back to the genesis block.
  • No Mining - ZED Network does not require mining, therefore transactions are faster and cheaper that BTC and ETH
  • Currency Fluctuation- ZED is a free flowing currency.  However, we employ hedging strategies to alleviate any currency fluctuation risks for remittances initiated with ZED for a duration of time which allows recipient to convert their ZED currency into other crypto or fiat currencies of their choosing which usually takes only minutes with little to no hassle.
  • Management Team - ZED management team consist of seasoned executives with decades of experience in technology, money transfer, B2B and consumer applications.
  • Market Segment - ZED believes in immediately getting ZED into circulation in the emerging market countries in Asia, Middle East, Africa and LATAM where cryptocurrencies can thrive in the vacuum that exists for financial inclusion.
  • Licensing - It is our belief that as a network operator, facilitating payments between two licensed MTOs, ZED will not be required to have its own Money Transfer License.  However, should any of the government jurisdictions require it, we will be in a position to apply for or acquire Money Transfer Licenses worldwide.





1- Banking Problem


In recent years, government regulations and compliance costs have created a toxic environment that is causing banks to shut down accounts of thousands of small to medium sized MTOs.  
Hence, MTOs are constantly looking over their shoulders, worrying about their banking relationship, without which they could not survive.

Without a solid banking relationship MTOs are hesitant to invest in technology or innovations, opening doors for new age, digital first remittance companies such as Azimo, Remitly, Transferwise, WorldRemit and ZipZap that further erode their market share.

2 - Cash Flow Issue

These regional remittance companies are forced to create multiple Nostro accounts in every market and corridor they wish to operate in or use a network of correspondent banks all of which require significant prepaid deposits to enable same day payouts (which consumers demand).  

This cash flow requirement is a major obstacles to the growth of MTOs . It is also highly inefficient and further drives up costs for end users and corporate clients.  

3- Technology Challenge

Cash starved MTOs are spending most of their resources on compliance and maintaining their customer base with ever decreasing margins.  The therefore have no resources to invest in technological innovations, many of whom still have no web site or mobile apps despite high customer demand.  
 
The combination of lack of banking support, ever tightening regulations, tight cash flow and lack of technological innovation to break the cycle,  have forced many MTOs to branch out into offering other services (e.g. long distance airtime, wireless phones, gift delivery, etc.), be acquired or shut down.

The impacts to customers are high fees and low exchange rates and in some cases, as in Somalis in UK when Barclay shut down hundreds of Money Service Business accounts a few years ago, was the complete elimination of remittance services to Somali which resulted in starvation and death of their loved ones back home

Our solution is to come up with a SaaS platform along with a single cryptocurrency that can be used for transmitting value between entities across the globe without actually moving funds through intermediary banks.
Introducing ZED

ZED is a cryptocurrency enabled platform that powers global money transfers in real time.

ZED Network is powered by the ZED currency, which is purpose-built for remittances, enabling instant money transfers across the world.

ZED Platform is a compliance-friendly SaaS solution enabling Money Transfer Operators to leverage leading blockchain technology to rapidly scale their business.

For small to medium sized MTOs that can't effectively compete with larger MTOs due to banking, technology and cash flow issues, Zed offers a SaaS platform built on a distributed ledger that reduces costs and transaction friction.

Unlike the current SWIFT system, the ZED Network eliminates dependency on banks in favor of a global, distributed network of licensed Money Transfer Operators to create a faster, cheaper,   more transparent money transfer network.

With a single currency to manage globally, ZED is able to efficiently move capital across the world and between partners with negligible costs.  

In time, Zed Platform will eliminate the dependencies that small to mid tier  MTOS have on banks and reduce their operating expenses, freeing up much needed capital for growth in other markets and corridors.

Furthermore, with funds moving in both directions, ZED helps small remittance companies neutralize the significant advantages that large, global MTOs have when they “net settle” funds between their various geographically dispersed entities.  

It is a little known fact that large MTOs do not actually need to move the full amount of the remittances across the globe even though they charge their customers the full FX cost.  In reality, these global companies only send the net difference amount between two corridors.  For example, if Western Union needs to send $1M from CAD to PHP, and in return they also have to send $750K from PHP to CAD, they will net settle and only transmit $250K from CAD to PHP.

The issue gets far more complex when these sophisticated large remittance companies, with dozens of currency traders and treasury personnel, move multiple currency pairs.  For example the trade above could be changes to be CAD → USD→ PHP and the reverse (PHP → USD→ CAD) or even more complicated than that such as:  CAD→ USD→ GBP→ INR→ PHP and  vice versa.

Small MTOs simply have no resources to manage complex global FX transactions and they cannot rely on banks or FX intermediaries/hedge funds managers like Cambridge Global Payment with large FX margins and minimum transaction sizes.

Smaller intermediaries like Currency Cloud are somewhat cheaper but they, too, have upfront integration costs, monthly administration fees and monthly minimum fees and volume commitments that are far outside of the remittance companies’ affordability.   They are also limited to a dozen or so major currencies and will not be of much use for non- prime currencies.

ZED does not require a bank account, is completely private and secure, and charges MTOs a small transfer fee of 0.25% or 25 BP after the first year of operations.

Why ZED?
ZED reduces remittance costs by helping small to mid sized MTOs compete more efficiently using blockchain technologies.



Distribution

ZED Network. is a for profit company based in Ontario, Canada  and the custodian of the ZED monetary system and protocol .

ZED will issue Z38 Billion coins with the following distribution:

Sell Z8 Billion in a Token Sales Event to raise money for management, growth, licensing, acquisition and expansion
Retain Z8 Billion by Company to pay for staff and operation expense
Allocate Z8 Billion for use by developers, partners and the ZED community
Release Z6 Billion for sale on a predetermined, scheduled, annual basis as outlined below
Unlock additional Z8 Billion for sale upon achieving certain volume levels outlined below



Read the rest of the White paper here: https://docs.google.com/document/d/1aBhsROQL5Cz2om7Six4sGKPLeUiNNAqVT_u0Vju-quY/edit#heading=h.1946w2x0xt96

ZEDNetwork website is open-source and on Github. Website : zed.network
The Official ZED Slack is http://zednetwork.slack.com, come by and talk with the community! The Invite link is : https://join.slack.com/t/zednetwork/shared_invite/enQtMjQ3NTc4MDc3Mzk4LTM0NjQxZjY4YTRkYzJiOWI5ZDIzMjQyY2JjYTNlZGJhMmMyZDM5ZTgxYTJkMzE2NTEyMjQ0NzJjZGEzMDQ1NWM

https://i.imgur.com/gWRsuaN.png


Nadia_l
Sr. Member
****
Offline Offline

Activity: 826
Merit: 251



View Profile
October 23, 2018, 10:06:14 PM
 #560

You know what I like in cryptocurrencies? Their economics in most of cases gives profit just for holding coins. Anybody could explain me benefits of holding ZED tokens?
ZED tokens are very beneficial to hold. If you are a member of the first or second phase, then you expect awesome bonuses. Here is information from whitepaper:
"We wish to reward early investors (Batch 1 and 2 investors only) who do not sell their tokens with additional rewards for holding on to their ZED tokens for up to 3 years as follows:

Hold all ZED tokens for 1 year after General Offering: Receive 10% bonus in ZED tokens
Hold all ZED tokens for 2 years after General Offering: Receive 30% bonus in ZED tokens
Hold all ZED tokens for 3 years after General Offering: Receive 60% bonus in ZED tokens"


And this is one more evidence why it is important to buy tokens in the 2-nd Batch and get lower barrier with the reduced min. number of tokens to buy in the Batch 2 (at least for us -  not big investors). So the question is how do we know when the 2-nd bath of the private token sale starts and what is the min. number of tokens to buy for it.
not everyone could afford to invest $25 000 or $100 000 in first phase of tokensale. Let's wait until Batch 2 starts.

That`s true! But to tell the truth ZED token sale is oriented on the big investors firstly and then that`s why their tokenomics looks like that. At stage 2, there will be a lot of time for others to buy tokens with smaller bonuses but with the great hope for the success in the future. IMO, this is rather the so-called mid to long-term investment rather than the short term one.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 [28] 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!