ZICHAIN REVIEW

ZICHAIN REVIEW

  • Zichain takes a leading role in creating a cryptocurrency asset management industry for private and institutional investors, combining best practices of traditional financial world with innovative technologies.

 

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IDEA:

  • They are developing an ecosystem comprised of several key products: a platform for starting and managing investment funds, news and market data provider, index funds based on a family of our cryptocurrency indexes, crypto-fiat broker, and a marketplace for financial services.

PROTOTYPE PRODUCT:

  • They have already released beta-version of CryptoEYE. Beta includes detailed information about their cryptocurrency indexes and the Crypto-wiki with comprehensive coin descriptions.
  • The first version of TheIndex.Fund will be launched in Q2 2018, ZiChange will be launched in Q3 2018. BAMP with decentralized asset storage will be released at latest in Q2 2019.

 

WHITEPAPER HIGHLIGHTS:

  • They have developed CryptoEYE to help investors and managers better understand information in the complex and unstructured world of cryptocurrency asset.
  • CryptoEYE is their “sales department”: it will be used to attract visitors, keep their interest, and offer various investment funds under our management and under the management of external parties.
  • Fund is an opportunity for investors, who are existing CryptoEYE users, to simply invest in a part of the whole cryptocurrency market.
  • Their BAMP product provides all the infrastructure functionality, replacing the administrator, managing company, and auditor, while CryptoEYE demonstrates trading strategies to a wide range of investors.
  • Zichain enables many managers to implement their strategies and attract a large number of investors to the industry, thereby allowing the new digital economy to rise to a new level.
  • The volume of world private capital is currently standing at US$166.5 trillion, a large part of which is in fiat cash funds. If people increase the share of their assets in cryptocurrencies from the current 0.1% to at least 1%, then this will cause an additional inflow of US$1.5 trillion into the digital economy, which, in turn, will lead to a significant increase in market capitalization.
  • Their ecosystem consists of:
    • Blockchain Asset Management Platform (BAMP): It’s the platform for starting customized investment funds in just one click, offering the automated infrastructure: decentralized storage of assets; investment policy statement verification; fees accounting and withdrawal; financial reporting.
    • Fund : It’s the world’s first range of cryptocurrency index funds.
    • pro: It’s multilingual news and market data provider and marketplace for BAMP and TheIndex.Fund.
    • ZiСhange: crypto-broker offering the simple purchase of digital currency.
  • A web extension for Google Chrome and Brave will be created for investors and managers. This extension will enable generating of wallets from the list for the respective investment strategy (both online and offline generations are available), and transferring of all wallet addresses to the platform to create a multisig.
  • The index funds rely upon our five major indices, so that investors have an opportunity to choose the appropriate risk-return profile, sector exposure (currencies, services, or platforms), and degree of diversification.
  • At CryptoEYE, classic investors have the opportunity to obtain accessible, comprehensive and latest information on cryptocurrencies, as well as on existing and forthcoming industry projects.
  • At the moment, CryptoEYE publishes brief descriptions of the top cryptocurrencies (more than 100) and the values of their own indices, in which it will be possible to invest through their cryptocurrency funds. The main aim is to use the website as an advertising platform or entry point for users interested in cryptocurrencies in the investment products of their company and other managers.
  • There will be two types of exchange services:
  • Fiat-to-crypto (and crypto-to-fiat) exchange services. The company will provide legal and secure entrance to the cryptocurrency market. All deals will comply with regulatory requirements.
  • Crypto-to-crypto exchange services. The company will give access to a wide range of crypto-assets within one liquid platform.
  • Their exchange infrastructure will give investors the opportunity to direct long-term investments into the cryptocurrency market. A duly performed KYC/AML will allow clients to convert any digital asset to fiat currency and to use funds legally.

 

HYPE:

  • 7K+ telegram users, 30.8K + followers on Facebook and 5.9K+ Twitter followers.
  • 3 ratings on ICO bench.

 

LONG TERM:

  • The want to cater to the needs of everyone engaged in the cryptocurrency market: from blockchain startups attracting funds in digital currency and miners to retail and institutional investors. It will provide an exclusively legal and transparent solution for conversion of fiat money to crypto-asset.
  • Their goal is to develop the leading investment platform in the cryptocurrency market, becoming the number one choice for investors and managers over the next 5 years, and increase their market share up to 10% of the market, which, with current capitalization, is estimated at US$12 billion of attracted assets.
  • They want to create a cryptocurrency broker that will bridge the gap between the world of traditional finances and the developing crypto space. It will eliminate obstacles which institutional and retail investors meet when they venture into the world of crypto-assets.

 

Experts Review:

  • “The targeted market has a huge potential as it is clear to everyone. The main question is who can conquer it. The main trend we see now there are people deeply relating to the largest cryptoexchanges (OkEx, Binance etc) who launch products based on crypto indices (index funds, for example). What I mean is that team’s connections and proper crypto experience mean a lot here. They should be very strong and international (or Chinese). I don’t find these key success factors here.” – Igor Karavaev (ico advisor and investor).
  • “This project bring the dream service come true, if the mentioned already get license is true. The introduction video is very simple and clear so investor can get the point in minutes. But white paper is too simple and lack of some important information, especially the technology, team, marketing plan and financial outlook information need to provide at WP.” – Hung Chih (Jason Hung) (Serial Entrepreneur | Investor Meetup | ICO advisor | China Market | Exchange)
  • “I think they have a solid team, but most likely the team is not really a 100% dedicated to the project. I have they feeling they want to do too much. and the question is what is the decentral aspect of their solution. It’s just a fintech product which kind of wants to use now and forced onto itself blockchain.” – Juergen Hoebarth (Managing Director of tokenization. Limited and icoinvestmentfund.com)

 

TOKEN METRICS:

Token ZCN
Pre – Sale Price 1 ZCN = $0.08
Price in ICO 1 ZCN = $0.1
Country UK
Platform Ethereum
Website https://zichain.io/
Whitelist/KYC KYC & Whitelist
Restricted Areas USA, Canada, Iraq
Pre-Sale 21st May -31st Aug 2018
Public- Sale 16th Sep – 31st Oct 2018
Tokens for Sale: 450,000,000
Soft Cap US$3 Million
Hard Cap US$25 Million
Total Token Supply 703,125,000
Token Supply Breakdown Token Sale – 64%
Management Team – 21%
Advisory Board – 10%
Referral Program -2%
Bounty Program -2 %
Airdrop – 1%
Bonus Pre-Sale – 20%

 

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