With the innovation of blockchain and smart contract technologies, along with the sharing economy model, ZeroBank will disrupt the outdated transfer and exchange models centralized around “too-big-to-fail” banking and MTO systems by bringing out a “money barter” model fit right in the current position of world money market.
The money transfer and exchange industry is not immune to the global movement towards decentralization and peer-to-peer sharing economies. In fact, these areas are poised to be some on the leading edge of those that thrive in this new paradigm. With the help of blockchain and smart contract technologies, along with the sharing economy model, ZeroBank will disrupt the outdated transfer and exchange models centralized around “too-big-to-fail” banking and MTO systems by bringing out a “money barter” model fit right in the current position of world money market.
Instead of attempting to create a substantial new currency per se, ZeroBank utilizes the power of blockchain to create ZeroBank tokens acting as the collateral instruments of money transfers and conversions. Blockchain technology allows these tokens to transfer securely in a verifiable and permanent way along an open, distributed global ledger, bypassing all banking systems or centralized organizations. Thus, rather than moving cash through any banks or MTOs, ZeroBank uses these “money barter” tokens as a means of moving value from one place/one currency to another, while achieving the lowest negotiable costs for users (apparently no foreign exchange spreads, only service fees).
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ICO Advisor | ICO Consulting | Project Review |MBA Finance and Strategy |9+ Years of Corporate Experience | Crypto Trading and Investing Rated on Jun 27, 2018
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With presence of strong team, the ICO holds some pros for the investors:
-Targeting the tourism industry (big market)
-Physical office presence at strategic locations will be confidence booster
-Will fully comply with local AML and KYC laws as it will involve International transfers
-Credit scoring and arbitration mechanism to resolve disputes.
Challenges:
-45% of tokens either in reserve or for marketing, which is relatively high.
-Product will fully go live in 2019.
-How is it different from other similar coins already available in the market?
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Idea & Technical Feasibility Study
Founder Discussion and Brainstorming
White Paper structure developed and implemented
Proposed advisors list completed
2
Q1 2018
Proposed angel investors
Proposed partners and prepare MOU
Sales and Marketing team finalized
One Pager and WP released
ZeroBank technical Architecture development began
3
Q2 2018
Angel Investors finalized
Partners list completed and finalized
Sales and Marketing Implementation (Road Show, Media Seeding, Public awareness)
Infrastructure setup, Local Blockchain miner setup, MVP backend development starts
MVP GUI on iOS development starts
Security implementation starts
4
Q3 2018
ICO started and completed (Angel investors, Ambassadors, Whitelist, pre ICO, and ICO)
Listing Token on several trading platforms (will be confirmed soonest)
Training and Development for Partners
Agent channel development implementation (Hanoi, Tokyo, Seoul, Bangkok, Warsaw, London, Paris & New York)
First iOS Version released, Feedback on test net. Community testers will be selected
MVP GUI on Android development starts
Compliance implementation starts
Security enforcement starts: penetration test by independent specialists
5
Q1 2019
Start Public Support – Call center
Compliance final validation for first-targeted market: Hanoi, London & Paris
Final test and Go live with Agents in Hanoi, London & Paris markets
Feedback and Finanlizing functionalities
6
Q3 2019
Continue Sales and Marketing
Full sharing economy starts: Every one can join as Agents
Compliance implementation starts for other markets: Tokyo, Seoul, Hong Kong, & New York
Testing product and services at other markets.
7
Q1 2020
Evolutive maintenance
Production and Support: Business as Usual
Go live in other markets: Tokyo, Seoul, Hong Kong, & New York
Studying & Implementing new features
8
Q1 2021
Extension of ZeroBank functionalities: eco-system
Exchanging ZeroBank tokens for new services
Global expansion continues
Benchy