What’s ZODIAQ?
For the moment ZODIAQ project has its own bank, which has a SWIFT code and a license to open accounts and conduct any operations (keeping accounts, making transfers) both in crypto and in fiat currencies, as well as its own crypto exchange. ZODIAQ is going to implement its own flexible platform based on open API and debug the solution using the example of interaction with its own bank.
ZODIAQ platform stipulates increased security requirements that introduce strong customer authentication (SCA) with online access to the account, transfer of an electronic order for a transfer, and provide specific security requirements for the channels, where the user data are transmitted. By means of an open API-interface our platform ensures data exchange with external information systems and provides ready services of different types.
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.
Project’s Ecosystem
Professional trading terminal — a tool for conducting stock transactions with the functionality to carry out technical analysis and perform transactions with cryptocurrencies.
Instant and inexpensive deposit and withdrawal of funds, including to the ZODIAQ plastic card.
Functionality to hand over investment account management.
Functionality of hedging tool — a cryptocurrency index that reflects the average dynamics of rates changes for the major 10 cryptocurrencies.
Providing liquidity of all transactions using Zodiaq’s currency reserves.
A wide range of financial instruments.
A platform for development and implementation of autonomous trading robots for digital assets management. Thanks to deep machine learning and big data technologies, the predictive algorithm embedded in the artificial intelligence is constantly being improved and is becoming more and more accurate.
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.
Tokens are issued on Ethereum platform (ERC20) and distributed in the course of ICO between the participants (customers), partners and consultants and team. The total issue of tokens is limited, and makes 300 million.
The concept of holding ICO, when ZOD token will be distributed, has a finite multi-stage phased order. The method of step-by-step attraction of financing has a number of advantages, both for the project and potential participants of the project. The following rounds with the following indicators have been scheduled:
d cap is the total amount of required investment, which makes 104.719 million USD. Fees are fixed based on the total number of collected coins at the current exchange rate, in USD equivalent.
Soft cap is the minimum amount of attracted investment, which makes 1.5 million USD. If the amount of fees does not reach the minimum mark, all collected funds will be returned.
Token Distribution
The starting price of one token is 0.1 USD. Since all the main items of project costs are accounted for in USD, it was resolved to link the token to USD. Token is a digital obligation to the services of ZODIAQ (Asset-backed tokens), which is the guarantor of the token conversion.
In the future, after all rounds of ICO, it is proposed to place quotes of the token on the crypto-currency exchanges. The turnover of tokens in the secondary market is not excluded after the first rounds.
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.
Here are the reviews I present to you all in finding information and knowing the ZODIAC project currently being run by their team, if there is any shortage in explaining this article, do not worry, I have set up a link for you to get accurate information and of course You will be able to speak directly with their founder or team, at the link.
For more information and join ZODIAC social media, please follow the following sources:
Website : https://www.zodiaq.io/
Whitepaper : https://zodiaq.io/file/ZODIAQ_WP.pdf
Facebook : https://www.facebook.com/ZodiaqCorp/
Twitter : https://twitter.com/zodiaq_io
Bitcointalk : https://bitcointalk.org/index.php?topic=3411516.0
Medium : https://medium.com/zodiaq
Telegram : https://t.me/zodiaq_group
Username: annasputra
My walllet: 0x2c524Fe99B79e3Ef06C5109ff17279472f8a9212
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