EXMO Cryptocurrency Exchange and ZigZag Decentralized Finance Service team announce the IEO (Initial Exchange Offering) of the ZAG token.
The ZigZag Tokensale will take part on the 26 of September 2019 at 5 p.m. UTC. The total amount for sale is 100 000 ZAG (50 ВТС equivalent).All participants will have the ability to buy a token in the ZAG/BTC pair, the exact price of one coin in BTC will be set on the IEO day at 4 p.m. UTC (the price of one ZAG coin is equal to 5 USD).
All the details of the ZAG initial exchange offering are outlined here.
Zig Zag is a decentralized financial service that simplifies transborder payments.
Millions of people annually leave to work abroad. They send billions of dollars home, losing 4-15% on each transfer. ZigZag service goal is to simplify the mechanism of these transfers and to reduce fees. Just purchase the needed amount of ZIG tokens and send them via a simple native application or any cryptocurrency wallet. The recipient of the ZIG token can easily Withdraw it to a bank account (the credit card) or receive cash at the partner points (shops, gas stations, etc.). The project's goal is to make all the transactions as transparent as possible. The system runs on the EOSIO blockchain, and cross-border payments are carried out in ZIG tokens.
The system's stability is guaranteed by the ZAG voting token. Using a balancing algorithm, ZAG coin holders with large token amounts will provide stability of the ZIG's value. Such balance is carried out via the smart contract, where the executions are guaranteed by ZAG token balances. Activities through a second smart contract are encouraged by additional ZAG tokens. ZAG token holders are rewarded for ensuring the system's stability. The TOP-21 coin holders will receive the biggest rewards.
EXMO recalls that cryptocurrency investments are at high risk. EXMO team is trying all the best to ensure that only reliable cryptocurrencies are traded on the platform. Please, be attentive, the company is not responsible for your losses as a result of trading operations. Remember that each user is personally responsible when choosing a project for investment.
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Best regards, EXMO team
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