If you are interested in joining the ZODIAC project, it is a good idea to read reviews that can help you in viewing their mission vision during the ZODIAC project .
Here's the review !!
Zodiaq currently has its house bank, having a license for account opening and providing any operations (account management, performing transactions) both in crypto and in fiat currencies, as well as its own cryptocurrency exchange. Zodiaq is planning to realize own flexible platform on basis of open API and to debug the solution in the context of compatibility with its house bank. Purpose of this process - to provide a ready-made solution to other banking sector players, the implementation of which will require minimal resources, allows fin-tech companies to become an independent link in the daily transactions of Zodiaq’s customers to create their own infrastructure solutions without the need for development from scratch.
The use of blockchain technology at the heart of the system will increase credibility to service. This technology functions without the centralized management, therefore, is not subjected to influence on cost and terms of transactions. Zodiaq strategic aim is formation of new financial infrastructure, which will replace classical banks as a managing service for implementation of transactions between contraparties.
Due to the widely developed infrastructure of relationships with a large number of financial services and the formation of its own foreign exchange reserves, post-trade processing consumer services will be launched within core business units of Zodiaq system. This mechanism will allow instant cashless transfers in the local currency ZOD for counter obligations between users and companies for sold and delivered goods, financial instruments and services performed, based on clearings within the ecosystem contour.
ZODIAQ system’s structure of income
Zodiaq project as any infrastructure project has a commission structure of income.
Transaction banking
Processing of payments;
Cryptocurrency acquiring;
Card programs;
Currency exchange;
Arbitration;
Brokerage service;
Liquidity lease
SYSTEM COMPONENTS
Within the last year the ZODIAQ team has been actively developing a financial platform that can combine traditional financial operations and operations with crypto currencies. Development of basic functionality is at a closing stage.
ZODIAQ ecosystem consists of the following components:
Cryptofiat bank Launch in 2018 License is received
This is perhaps one of the first crypto banks in the world with a real banking license on the right of conducting transactions with cryptocurrencies, namely:
Open accounts in any cryptocurrency.
Take deposits in any cryptocurrency.
Provide loans in cryptocurrency.
Company name: Crypto Bank Limited
License number: L15624/CBL, company number: 15624
FATCA: TVFQ2C, GIIN: TVFQ2C.99999.SL.174, SWIFT/BIC: CRYTKMK1
Financial institution About 100% complete
The working financial institution based on the Swedish trust fund, finance company. Swedish financial institution has all the necessary attributes of the European financial company that allows opening accounts for entities and persons, making money transfers for and on behalf of the third persons, customers.
Authorized capital is above 4.5 million EUR
SWIFT/BIC: NOHRSES1XXX.
Global Intermediate Identification Number Of intermediary — GIIN (Global Intermediate Identification Number), RDZHJZ.99999.SL.752
FATCA: RDZHJZ, AML / CTF directed against money laundering and terrorist funding
Settlement account in Wells Fargo bank To date, the structure is ready for transactional operations.
Cryptocurrency exchange Launch in Q3 2018
Stock exchange trading system is developed. Works in test mode. Preliminary launch date is Q2 2018. About 80% complete.
Hedge fund Launch in Q3 2018
The interface of filling of currency reserves is developed, the passive control algorithm for managing the fund’s portfolio according to Buy and Hold strategy is implemented. Big Data in complete volume is brought together, infrastructure on collecting and the analysis of price and fundamental data is created.
Payment operator / aggregator The planned launch - 2020
Launching own payment operator / aggregator in accordance with the European directive PSD2 for providing customers with the opportunity to operate funds on their bank accounts in any bank. The beginning of development - the beginning of 2019.
The emitted quantity of tokens 300 000 000 pcs
Initial cost of token 1 ZOD = $0,1
Token Standard: ERC20
Hard cap 104.719 million dollars.
Soft cap 1.5 million dollars.
Unshared tokens are destroyed by a smart contract.
Zodiaq project is based on four fundamental objects, each of which is a separate stage with a certain sales value.
The following rounds realizations with following parameters are expected:
After fund rising at every step ZODIAQ begins to implement the corresponding structure unit. The cost of token increases with each new round, and the share of investment risks decrease, while the value of token grows due to the development of infrastructure and the launch of services.
In the event if all tokens intended for implementation within the current round will be sold in advance, the project reserves the right to perform sale of tokens of the subsequent rounds with preserving multiplying co-efficient of the cost. Thus, the number of actually conducted rounds can be reduced up to one.
Distribution of the emitted tokens
The funds raised during the Pre-ICO will be expressed as a percentage as follows:
ROADMAP
2017
INFRASTRUCTURE
Acquisition of the trust fund (financial institution) Nordic Heritage Trust
February 2017
Receiving SWIFT, FATCA, AML for trust fund
April 2017
Opening of accounts with Wells Fargo Bank
May 2017
BANK
Beginning of the banking platform development
July 2017
Beginning of paperwork on the bank
September 2017
Obtaining a Bank License
December 2017
EXCHANGE
Beginning of the exchange platform development
February 2017
HEDGE FUND
Beginning of development of a passive element of hedge fund management (buy/hold), interface development, collection of big data of price data and fundamental indicators
August 2017
Test run trading algorithm
December 2017 - January 2018
2018
BANK
Obtaining FATCA / GIIN for a bank
January 2018
Receiving SWIFT for a bank
February 2018
Start testing the banking platform MVP
February 2018
Opening of accounts in crypto-currencies
April 2018
Opening of accounts in fiat currencies
May 2018
P2P transfers
May 2018
P2P exchange with escrow
May 2018
Visa / MasterCard Cards
October 2018
Loans secured by crypto currency
December 2018
Mobile banking application
December 2018
EXCHANGE
Test launch of the exchange
January 2018
Transfer of the exchange to work servers
September 2018
HEDGE FUND
Obtaining a license for a hedge fund
October 2018
Getting started with a hedge fund
October 2018
PAYMENT SYSTEM
Multi Crypto currency accounts
February-March 2018
2019
BANK
NFC payments and POS terminal
Q1 2019
EXCHANGE
Margin trading
Q4 2019
PAYMENT SYSTEM
Own processing service
Q2 2019
Crypto-currency Acquiring
Q2 2019
Open API
Q4 2019
OUR TEAM
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: bungasakura5
Profile : https://bitcointalk.org/index.php?action=profile;u=2204918
Eth: 0x44808C2EA67D20E350574259A16BC36F81d8BebD
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