"ZODIAQ" THE CRYPTO-FIAT BLOCKCHAIN PLATFORM
WHAT IS ZODIAQ ALL ABOUT?
ZODIAQ is a project which has its own bank and also has a SWIFT code and a license to open accounts and conduct any operations which include keeping accounts, making transfers both in crypto and in fiat currencies, as well as its own crypto exchange.
This is a project that would implement its own flexible platform. The main goal of ZODIAQ is to provide a ready solution to other players in the banking sector, implementation thereof will require minimal resources and it will lead to a significant network effect.
The ZODIAQ platform will have a technological and legal integration, and it will be able to connect a new player cheaper and faster.
The use of the technology of blocking in the basis of the system will increase the confidence in the service. This technology operates without centralized management, therefore, it is not affected by the cost and timing of transactions.
The strategic goal of ZODIAQ is to create a new financial infrastructure that will replace classical banks as a managing service for execution of transactions between the counterparties. By ensuring a decentralized storage of data inside the ZODIAQ, the platform will increase the level of protection of any data significantly. In the long term, with the development of the platform infrastructure and offices in different locations, blockchain of the technology, as well as promising cloud solutions, including quantum clouds, will be used as basic IT and telecom infrastructure.
Due to a widely developed infrastructure of relations with a large number of financial services and formation of its own foreign exchange reserves, a settlement and clearing service will be launched within the infrastructure units of the ZODIAQ system. This mechanism will allow instant cashless settlements in the local currency ZOD on any counter obligations between users and companies for goods sold and delivered to each other, financial instruments and services provided, based on offsetting mutual requirements and obligations within the ecosystem contour. This, in turn, creates an unconditional value of the technology and a demand for the internal currency of the system, thus strengthening its value.
ZODIAQ will be able to provide products in demand, therefore the market scope thereof may be estimated.
ZODIAQ strives to create a flexible platform based on an open API that allows taking advantage of blockchain technology, creating an ecosystem of interrelations between banks, sellers of the goods and services, consumers, fintech companies and regulators, becoming a key link in daily transactions.
In Using this platform, the users would be able to conduct transactions almost instantly, and configure their own end applications and services without creating an infrastructure, establishing integration with legislation, formalizing interaction with payment services in every new country and every new bank from the very beginning. Since the platform has already had technological and legal integration, it can connect a new player cheaper and faster.
ZODIAQ stipulates improving security requirements that introduce strong customer authentication (SCA) with online access to the account, transfer of an electronic transfer order, and ensures specific security requirements for the channels used to transmit data of the user.
ZODIAQ platform, through an open API interface, it would ensure the data exchange with external information systems, and provides them with various ready-made services.
The ZODIAQ system will also offer a wide range of banking services and exchange transactions for its customers.
Zodiaq Crypto-Currency Exchange, abbreviated ZodEX, is a part of Zodiaq project and is an important infrastructure element.
In the world today, there is a huge amount of data the cryptographic world and ZODIAQ is going to introduce an AI/deep learning technology.
THE ZODIAQ TOKEN (ZOD)
The concept of holding ICO, when ZOD token will be distributed, has a finite multi-stage phased order. The starting price of one token is 0.1 USD. The method of step-by-step attraction of financing has a number of advantages, both for the project and potential participants of the project.
What Is Zodiaq?
Zodiaq, found online at Zodiaq.io, is a financial ecosystem that aims to make cryptocurrency management easier for everyone. It’s a crypto bank registered in Comoros, a small island country off the eastern coast of Africa.
Key features of Zodiaq include a hedge fund managed by artificial intelligence, a payment platform capable of processing fiat and cryptocurrencies, and a payment card paired with a physical smart wallet.
Right now, Zodiaq appears to be in the early stages of launch, and there’s limited information about the project available online.
Let’s take a closer look at how Zodiaq works and how it plans to differentiate itself from other cryptocurrency banks.
How Does Zodiaq Work?
Zodiaq is a financial ecosystem consisting of several core features and functions, including all of the following:
Payment System
Zodiaq will have a payment gateway for merchants and individuals, allowing you to pay using cryptocurrencies or fiat currencies. Merchants can use the Zodiaq payment system to accept cryptocurrencies, for example, while paying a small commission fee. The Zodiaq payment system is also connected to the Zodiaq card.
Zodiaq Card
Zodiaq will have a payment card that lets you pay wherever you want – say, wherever traditional bank or credit cards are accepted. You can withdraw money through ATMs. You store fiat and cryptocurrencies in your Zodiaq account, then choose whether your card will use fiat or cryptocurrency funds. You can switch funding sources at any time via the Zodiaq mobile app or web app.
Smart Wallet
Zodiaq’s smart wallet functions as a cold wallet, allowing easy storage of your cryptocurrencies. You can bind your third party’s bank cards with the smart wallet while enjoying seamless payment options. You can connect Zodiaq’s wallet to your card, for example, and manage your fiat and cryptocurrencies through the wallet app. Zodiaq’s smart wallet is a physical device – similar to cold storage wallets like Trezor or Nano. The wallet is equipped with an e-ink screen, Wi-Fi, Bluetooth, and GSM modules. It can connect to your PC or Mac via USB.
Crypto Exchange
Zodiaq will have a cryptocurrency exchange that offers an easy UI, a wide range of financial instruments, and a wide range of financial assets available for trading. Exchange users will enjoy instant deposit and withdrawal options, including withdrawals and deposits via the Zodiaq bank card.
Hedge Fund
Zodiaq will have a hedge fund with AI-based asset management system. The Zodiaq AI will use big data analysis and machine learning to implement successful investment strategies and scenarios. The hedge fund’s trading algorithm is currently being tested on Poloniex, where it has reportedly achieved 100% profit over a 20 day testing period.
Crypto / Fiat Bank
The overall goal of Zodiaq is to function as a bank for cryptocurrencies and fiat currencies. Zodiaq will have a fully licensed and legal bank at the heart of its ecosystem. That bank will allow you to manage cryptocurrencies and fiat currencies across separate accounts from a single dashboard. You can enjoy instant money transfers and make deposits in fiat currencies or cryptocurrencies.
Zodiaq Token Distribution
Zodiaq will distribute 80% of its tokens to investors, 10% to the founders and team, 3% to bounties, and 7% for partners.
Tokens are listed under the symbol ZOD. Zodiaq is accepting BTC, ETH, XRP, BCH, LTC, DASH, and XEM as part of its upcoming token sale. They’ve also set a hard cap of 5000 ETH for the token sale.
The dates for the token sale have not been announced as of April 2018.
Who’s Behind Zodiaq?
Zodiaq is led by Oliver Kempkens (CEO), Aleksandr Gorbov (CVO and CO-Founder), Pavel Dmitriev (CMO and Co-Founder), Erik Shekhmametev (COO and Co-Founder), Vyacheslav Grachev (CTO), and Ilya Churakov (Marketing Strategy Advisor).
There’s limited information about any of these individuals available on the Zodiaq website. Oliver, the CEO, for example, has just two sentences explaining his qualifications:
“Oliver Kempkens (CEO): Financial and fintech solutions and consulting. Experience in the field of stock and currency market”
Aside from that, we know nothing about the man, and there are no links to LinkedIn profiles or other third party sources.
Zodiaq Conclusion
As of April 2018, there’s limited information about Zodiaq available online. The links to the whitepaper are not currently working, and there’s limited information about the project available online overall. We know that the company will offer cryptocurrency and fiat currency banking through a legal and registered bank, but we don’t know many details beyond that.
For More Information:
Website
Whitepaper
Facebook
Twitter
ANN THREAD
Medium
Telegram
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