The next-gen cryptocurrency service firm and feeless exchange, COBINHOOD, has signed a deal with a financial solution provider, Zeux. According to the agreement, COBINHOOD will support and advise Zeux on the launch of its initial coin offering (ICO). For sure, the ICO boom is real, and companies are taking the right steps to take advantage of it. It appears the ticker for Zeux’s token will be ZeuxCoin (ZUC). The agreement states that the company will have smart contracts and that these smart contracts will see to it that any unsold ICO tokens are “burned.” The reason for such measure is to protect contributors’ funds from possible dilution.
Other Details of the ZeuxCoin (ZUC) Project
Before going into the ICO rounds, the two parties have set a hard cap distribution of 50,000 ETH. Also, all the funds raised from the ICO will be channeled into the development of the Zeux project. On the other hand, COBINHOOD will be playing certain critical roles during the ICO development phase. These functions include business model consulting, legal compliance, marketing support, deployment procedures, and smart contracts codes review.
What Will Zeux Bring to the Table?
In truth, it is extremely difficult to separate financial services from our everyday life and business activities. With the advancement of technology, people are increasingly demanding mobile payment solutions and access to lucrative investment products. Zeux is here to reshape the financial services landscape by simplifying complex, burdensome, and expensive financial management processes. Apart from simplifying them, the company will also make the financial management processes convenient and affordable for customers. As an FCA-regulated entity, Zeux has rolled out its plan for the project. The financial solution provider says that it will launch its operations in 2019 across the EU member countries. Afterward, the next line of action will be the rollout of its services in 2020.
Zeux’s Wide Spectrum of Services
Zeux has already rolled its sleeves even as it has perfected all its strategies. But looking at the strategies, the fintech firm intends to deploy biometrics, blockchain technology, and artificial intelligence (AI), as well as integrating fiat and cryptocurrencies onto one platform. Consequently, the firm will offer integrated solutions that give customers the opportunity to enjoy a wide array of their services. The services that the firm will offer include fiat currency and cryptocurrency services via mobile devices, access to multiple bank accounts, and decentralized money transfer.
In addition, Zeux will offer a secure personal data vault, hassle-free KYC-compliant account opening, along with cryptocurrency and traditional investment products. Explaining further, the firm stated that Zeux will help customers to manage their investment portfolios. The team is also promising to deliver a platform that guarantees the security of all financial transactions using the most advanced tamper-proof protocols.
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