ZED Network Inc. ICO Rating, Reviews and Details

ICO

Sep 30, 2018

Dec 30, 2018

100% completed

Raised funds - no Data

past

Pre-Sale Begins

Jul 30, 2018

Aug 30, 2018

100% completed

$5 500 000

cap

goal

27% goal completed

20 000 000.00 USD

past

1 ZED

=

0.05 USD

Token Details

Total supply

100,000,000,000

Token Distribution

37% - Future Sales & Growth
21% - Token Sale
21% - Management, Employees and Staff
21% - Developers, Partners & Community

Company Details

Registered Country

Canada

Additional Details

Platform

Stellar

Restricted Countries

Canada

About ZED Network Inc.

We are creating a comprehensive money transfer solution that includes a wallet, a web app, mobile apps, and a robust back office with a suite of reports for compliance and monitoring purposes, avilable to MTOs on a PaaS model, free of charge for the first year and at nominal costs in subsequent years.

At the heart of ZED Network is ZED token which is built on Stellar's mining-free, distributed ledger.

In the same manner that SWIFT connects banks together on a global basis, ZED Network will seamlessly connect licensed MTOs in multiple countries to become a single point of integration for multiple currency pairs.

Some of the features of ZED Platform include:

Decentralized Platform - Zed Network is built on a network of servers all over the world and validators will be run by community members external to Zed Platform. These servers are maintained by different individuals and entities. If ZED Network were to disappear, the network would continue to confirm transactions, and anchors could still integrate with the network at any time.
Distributed Ledger- ZED Network is built on a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions. There is no central administrator or centralised data storage.
Risk Mitigation- ZED is not an anonymous currency. We will target accredited investors in the U.S., Canada (and a few other countries with similar designations) and perform Know Your Customer (KYC) on each ZED token investor. Furthermore, any exchanges offering ZED in the future will be required to perform KYC validation for each ZED token user. Every transaction on ZED is encrypted and recorded on a blockchain that traces back to the genesis block.
No Mining - ZED Network does not require mining, therefore transactions are faster and cheaper that BTC and ETH.
Currency Fluctuation- ZED is a free flowing currency. However, we employ hedging strategies to alleviate any currency fluctuation risks for remittances initiated with ZED for a duration of time which allows recipient to convert their ZED currency into other crypto or fiat currencies of their choosing which usually takes only minutes with little to no hassle.

Features

LOW COST

ZED transactions require no mining and cost only 1%
INSTANTANEOUS

ZED transactions are settled with MTO partners across the globe within 3-5 seconds.
TRANSPARENT

ZED transactions are saved on a verifiable and immutable public distributed ledger
GLOBAL

ZED Network connects Money Transfer Operators to partners around the world, providing instant global reach.
DATA RICH

ZED transactions allow for the secure transfer of data with each payment, eliminating traditional reconciliation headaches.
COMPREHENSIVE

ZED is an all-in-one digital solution for MTOs including state of the art Web and Mobile Apps, a robust Back-Office & comprehensive built-in KYC/AML Reporting.

Technical Info

ZED token is built on top of Stellar platform with connectivity to BTC and ETH methods of payment.

ZED Network interacts with the Stellar network through Horizon, a RESTful HTTP API server. Horizon provides us a straightforward way to submit transactions, check accounts, and subscribe to events.

Behind the scenes, ZED Network connects to Stellar Core, the backbone of the Stellar network. The Stellar Core software does the hard work of validating and agreeing with other instances of Core on the status of every transaction through the Stellar Consensus Protocol (SCP). The Stellar network itself is a collection of connected Stellar Cores run by various individuals and entities around the world. Some instances have a Horizon server we can communicate with, while others exist only to add reliability to the overall network.

We plan to host our own instance of Stellar Core in order to submit transactions without depending on a third party, have more control over who to trust, validate identity of the ZED coin holder and simply to help make the Stellar network more reliable and robust for others.

The Stellar network is a worldwide collection of Stellar Cores, each maintained by different people and organizations. The distributed nature of the network makes it reliable and safe.