Zichain - Decentralized Asset Management

donaa (6)in #bitcoin • 6 years ago

Hallo All,

As the cryptocurrency sector continues to grow, its needs inevitably become more complex. For many of those involved, whether they are cryptoindustry veterans or new arrivals from the world of traditional finance, it is not enough to simply buy into individual ICOs and hope for the best. More complex and strategic forms of cryptocurrency trading and investment are starting to emerge.

But the infrastructure necessary for this new stage of the cryptoindustry's development is as yet largely underdeveloped. Zichain offers to fill this gap by providing several mutually complementary services that should make it easy for a broad range of users to follow the latest developments in the chaotic world of cryptocurrency finance and profit from it.

What services does Zichain have to offer ?

Zichain plans to roll out four separate products, all of which will allow the payment of their transaction fees in different cryptocurrencies. However, paying with the Zitoken (ZCN) will be done at a 30% discount. The products are :

The Blockchain Asset Management Program (BAMP),which will allow asset managers to set up their own investment funds using Zichain's own tools. They will be able to develop detailed and unalterable investment strategies with smart contracts ensuring their compliance to those plans. Both investors and managers will have access to real-time fund reports. All the necessary transactions (fees, redemptions, withdrawals) will be calculated and executed automatically on the blockchain.
TheIndex.Fund, a set of five automated algorithmic cryptocurrency index funds that users will be able to use to invest in the cryptocurrency market as a whole with a single token. The Blue Coins index covers the top 5 cryptocurrencies by market circulation; the Second Tier index includes the top 20; and Currencies, Services and Platforms indices follow those of the top 50 currencies that are primarily used for payment or for service or platform utility respectively.

CryptoEYE.pro, a cryptocurrency information platform that will include such features as a filterable, multilingual personal newsfeed (generated with the help of a sophisticated aggregator), market data presented through indices and graphs, a wiki covering cryptocurrencies and ICOs and an investment calculator.
ZiChange, an exchange service that will allow users to trade different cryptocurrencies, as well as exchange them for a number of fiat currencies and vice versa. It will be fully transparent and allow instant conversions and withdrawals.

What are Zichain's advantages?

The Zichain team seems well-qualified for its self-appointed task of bringing conventional financial knowhow and practices to the cryptocurrency world. Many of its members have more than ten years' experience in the financial world. The design of its products makes good use of blockchain technology to ensure transparency, reliability and efficiency that, if implemented successfully, should exceed the industry standard even in the old financial world. All of those products are in a somewhat advanced stage of their development, with a beta version of CryptoEYE.pro already launched. Zichain also has the necessary license to operate a cryptocurrency-fiat exchange.

Perhaps the main advantage Zichain has over its competitors in the increasingly crowded cryptocurrency fintech field is the sheer variety of the options it offers. Its different products can be used separately, but they form a coherent ecosystem. ZiChange and CryptoEYE.pro make it especially easy for beginners to start investing, while even veterans would benefit from the convenience provided by the former and the latter's help in staying up to date. BAMP allows and assists directed trading for those who want short- and medium-term profits or prefer to rely on the human element. TheIndex.Fund, meanwhile, allows long-term investments that are safeguarded from the possibility of human error. In addition to investors, BAMP also provides a welcome opportunity for asset managers. As well as providing them with an array of ready tools, it will allow them to conduct their business without worrying about trust – a serious problem in the industry.

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