Zerobank

ZERO BANK is a global money transfer and exchange system based on blockchain technology, smart contacts and sharing economy.

PROS:

• Lower cost: The platform use eliminates the involvement of intermediaries  such as banks and other participants by enabling the customers  to negotiate the terms by  themselves before any transaction
• Security: The use of blockchain technology especially smart contracts  allows the tokens to be transferred securely in a verifiable manner  without the involvement of any centralized body
• Convenience: The  platform enables  easy exchange  in common  cryptocurrencies and local  currencies enabling the users to easily trade across the globe in their favourite currencies
• Faster exchanges: The platform zero tokens acts as a collateral instrument  of money transfers   and conversions hence enabling faster exchanges
• The platform  has a well generated mobile application which is available in IOS  and Android  enabling  the users to easily negotiate through chats before making any transaction
• The platform team is compiled of senior business executives and experienced specialists in money transfer  and exchange industry led by the  co-founder and CEO  Kai Yee Goh who has many years of experience in the  related fields
• The platform white paper  has adequate information on the project  use  which is elaborate enabling the users to easily understand its application

CONS:

• The platform doesn’t grant the  token holders rights in taking parts in the project’s decision making
• The amount of money raised by the sale of ZBT tokens are not secured and can be easily lost
• the platform doesn’t permit any borrowings  in order to boost the users businesses

SUGGESTIONS:

• The platform  use should provide more incentives to the ZBT token holders by enabling them to  take part in the decision making
• The platform should set up an insurance institution to insure all the funds raised during the pre-sale stage

NOTE:

The platform enables the users to easily transact businesses through faster and easy exchanges and conversions with the rates determined through a mutual agreement. This reduces any unnecessary cost making the project of great importance in making me invest in it.