Zodiaq currently has his home bank, has a license to open an account and provides any operations (account management, conducting transactions) both in crypto and in fiat currency, as well as the exchange of its own cryptocurrency. Zodiaq plans to realize its own flexible platform based on an open API and to debug solutions in the context of compatibility with its home bank. The purpose of this process – to provide ready-made solutions for other banking sector players, the implementation of which will require minimal resources, enabling high-tech companies to become an independent chain in the daily transactions of Zodiaq customers to create their own infrastructure solutions without the need for development from the beginning.
The use of blockchain technology at the heart of the system will increase the credibility of the service. The function of this technology without centralized management, therefore, is not subject to influence on transaction fees and conditions. Zodiaq’s strategic objective is the establishment of a new financial infrastructure, which will replace the classical bank as a management service for the implementation of counter-transaction transactions.
Due to the broadly developed relationship infrastructure with a large number of financial services and the establishment of its own foreign exchange reserves, post-trade processing consumer services will be launched in the core business units of the Zodiaq system. This mechanism will allow instant cash transfers in local ZOD currency for counter obligations between users and companies for goods sold and shipped, financial instruments and services performed, based on opening in the ecosystem contour.
ZODIAQ system revenue structure
The Zodiaq project because every infrastructure project has a revenue commission structure.
- Banking transactions
- Payment processing;
- Cryptocurrency obtains;
- Card program;
- Currency exchange;
- Arbitration;
- Brokerage Services;
- Lease liquidity
SYSTEM COMPONENTS
In the past year the ZODIAQ team has actively developed a financial platform that can combine traditional financial operations and operations with crypto currencies. The development of basic functions is in the closing stages.
The ZODIAQ ecosystem consists of the following components:
Launch of Cryptofiat bank in 2018 License received
This is probably one of the first crypto banks in the world with a real banking license on the right to make transactions with cryptocurrency, namely:
- Open an account in any cryptocurrency.
- Take deposits in crypto.
- Give 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 institutions About 100% complete
Work financial institutions based on Swedish trust funds, finance companies. Swedish financial institutions have all the necessary attributes of a European financial company that allows opening accounts for entities and people, making money transfers for and on behalf of a third person, a customer.
Official capital is above 4.5 million EUR
- SWIFT / BIC: NOHRSES1XXX.
- Global Intermediate Identification Number of intermediary – GIIN (Global Intermediate Master Number), RDZHJZ.99999.SL.752
- FATCA: RDZHJZ, AML / CTF directed to fight money laundering and terrorist financing
- Settlement account at Wells Fargo bank Until now, the structure is ready for transactional operations.
Launch of Exchange Cryptocurrency in Q3 2018
The stock exchange trading system was developed. Works in trial mode. The initial launch date is Q2 2018. About 80% complete.
The launch of Hedge funds in Q3 2018
A currency reserve charging interface was developed, a passive control algorithm to manage the portfolio of funds in accordance with the Buy and Hold strategy applied. Big data in complete volumes is collected, infrastructure for collecting and analyzing prices and fundamental data are created.
Payment operator / aggregator Planned launch – 2020
Launched its own payment operator / aggregator in accordance with PSD2’s European directive directives to provide customers with the opportunity to operate funds in their bank accounts at any bank. Beginning of development – beginning of 2019.
The number of tokens emitted is 300,000 000 pcs
Initial cost of 1 ZOD token = $ 0.1
Token Standard: ERC20
Hard stamp 104,719 million dollars.
Soft cap 1.5 million dollars.
Tokens that are not distributed are destroyed by smart contracts.
The Zodiaq project is based on four basic objects, each of which is a separate stage with a certain sales value.
Estimated following rounds with the following parameters are expected:
After the funds increase at each step ZODIAQ begins to apply the appropriate structural units. The cost of tokens increases with each new round, and the share of investment risk decreases, while the value of tokens grows due to infrastructure developments and service launches.
In the event that all tokens intended for implementation in the current round will be sold upfront, the project has the right to sell tokens from the next round by preserving the multiplying cost co-efficient. So, the number of rounds actually done can be reduced by one.
Distribution of emitted tokens
Funds collected during the Pre-ICO will be expressed as a percentage as follows:
ROADMAP
2017
INFRASTRUCTURE
Acquisition of trust funds (financial institutions) Nordic Heritage Trust
February 2017
Receive SWIFT, FATCA, AML for trust funds
April 2017
Open an account with Wells Fargo Bank
May 2017
BANK
Starting from the development of the banking platform
July 2017
Starting from documents in the bank
September 2017
Obtain a Bank License
December 2017
EXCHANGE
Starting from the development of an exchange platform
February 2017
HEDGE FUNDS
Beginning of development of a passive element of hedge fund management (buy / hold), interface development, large data collection on price data and fundamental indicators
August 2017
Test trading algorithm
December 2017 – January 2018
2018
BANK
Get FATCA / GIIN for the bank
January 2018
Receive SWIFT for banks
February 2018
Start testing the banking platform MVP
February 2018
Open an account in crypto
April 2018
Open an account in fiat currency
May 2018
P2P transfer
May 2018
P2P exchange with Escrow
May 2018
Visa / MasterCard
October 2018
Loans are guaranteed in crypto
December 2018
Mobile banking application
December 2018
EXCHANGE
Exchange launch test
January 2018
Transfer from the exchange to the work server
September 2018
HEDGE FUNDS
Obtain a license for hedge funds
October 2018
Starting with hedge funds
October 2018
PAYMENT SYSTEM
Multi Crypto currency account
February-March 2018
2019
BANK
NFC payment and POS terminal
Q1 2019
EXCHANGE
Margin trading
Q4 2019
PAYMENT SYSTEM
Self-processing services
Q2 2019
Taking crypto currency
Q2 2019
Open API
Q4 2019
OUR TEAM
PARTNER
For more information, please click below:
● 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
● Media: https://medium.com/zodiaq
● Telegram: https://t.me/zodiaq_group
AUTHOR
Bitcointalk Username: Dewi08
Telegram Username: @ dhewio8
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=894088
Wallet address (eth): 0x53D1Ea8619E638e286f914987D107d570fDD686B
Tuyanto71 