Currently the main choice is selling on the exchange, converting to fiat and paying for large and attractive trades and withdrawal fees or searching for services that allow you to use crypto only with expensive transaction fees. Let's agree that the prospect is rather bleak. Economists call this sad transactional friction. This term includes all the costs involved in making a purchase. We all like cryptocurrency but it's hard to use for real life basics like buying coffee at Starbucks, online concert tickets, or shopping at Amazon.
Cryptocurrency space has many endemic problems, but one of the most persistent is the conversion of crypto into a product. Every time a cryptocurrency user wants to actually buy a product, they must navigate the incredible transactional friction to do so, and the vendor also has significant expenses and concerns by accepting cryptocurrency. Even with popular payment methods such as Bitpay, fees can be largely due to conversion to fiat currency and partly due to transaction costs.
Zeex - How Can I Buy Coffee With ETH?
Problem:
Promising (but imperfect) market
Despite many advantages, fast propagation and revolutionary implications, cryptocurrency suffered significant losses. The first is the lack of fungibility: cryptocurrency has not been easily converted into goods and services that people really want.
Conversely, gift cards and vouchers, for example, are ready to be converted into goods and services. Indeed, that's their main goal. However, some losses also affect these vouchers, such as difficult transfers between holders because of the high risk of multiple fees, and the demand for gift cards exceeds supply.
Here, we describe this currency and the friction involved in changing them, the Zeex Protocol solves this problem by connecting cryptocurrency with the company's currency. Because corporate currency is not technically money, we can exchange it for cryptocurrency without going through fiat by using ZIX ERC20 tokens as collateral to verify transactions in real-time and eliminate costs, Zeex can and will solve problems quickly, efficiently and elegantly.
Here at Zeex, we have built a platform that allows you to use your crypto to buy goods without paying fees or replacing them to Fiat. Instead of rediscovering the wheel that composes ways to pay for items with cryptocurrency, Zeex decides to work with vendors using the currency they know best, a gift card. Yes, gift cards, even though we call them corporate currencies.
Zeex advantages
To realize its vision of revolutionizing trade by combining cryptocurrency with daily consumption, Zeex has formulated three concrete and consecutive visions, namely: Tap, Engage, and Disturb.
Encouragement refers to overcoming what might be the biggest obstacle to widespread adoption and use of cryptocurrency - finally - turning cryptocurrency into a payment method for everyday goods and services. He did it by making cryptocurrency seamless and easily converted into gift cards and retail vouchers with the Zeex protocol. This solution brings cryptocurrency into the real economy and paves the way for direct payments through cryptocurrency.
Engaging involves integrating Zeex into the user's daily crypto wallet. After they can spend crypto as easily as other payment methods, the community will feel at home and feel comfortable. Attending vendor needs as well, Zeex offers exclusive fraud protection technology. Zeex also offers vendors the benefits they can find elsewhere with the same quality and quantity: data about how stores and cryptocurrency stores are held.
The final step is annoying, which in this case means bringing your own gift card to the blockchain. Given that gift cards only apply to other types of currencies - one vendor publishes them themselves - blockchain technology can change its usage and distribution as it is done with fiat currency. Disrupting means not only giving crypto holders access to the consumer market, but also giving vendors direct access to their customers who hold crypto.
To realize this vision, Zeex refers to a number of assets. Vitally, Zeex is the twin company of Zeek Group, the leading market in Europe for buying and selling gift cards, which maintains close relationships with branded retailers and has grown tenfold over the past two years. Collaboration with Zeek guarantees access to high demand supplies for early token buyers thanks to Zeek's commitment to the millions of dollar gift cards that make tokens immediately converted. In addition, the same leadership team that launched Zeek as a successful venture also developed Zeex, and Zeex also did it to secure stable funding from leading VC supporters and has developed a native application palette that is scheduled for fast availability on various platforms.
The core element of the Zeex solution is the ZIX token, which serves three main functions. First, the token functions as a login method, unlocking the door to the Zeex platform. Second, it is enough to determine who can do what and when the type of transaction is based on discounted rates and advertised offers. Third, this includes the transactional risk of the user until the trade is completed, eliminating the intermediary. These functions operate automatically thanks to the smart contract conditions embedded in the Zeex protocol.
Utility Token
Zeex will offer the lifetime priority of ZIX token owners for corporate currencies discounted above other users, based on the offer catalog
Among other utilities, ZIX token owners will have the right to:
Priority - When there is more demand than a very desirable asset supply, Zix token owners will have priority over other users to secure assets.
Zix Tokens promise not to wait long for transactions to be deleted, their tokens will be used as collateral to ensure immediate settlement.
Owners of Zix Login tokens will have the ability to enter Zeex safely and anonymously use their tokens.
Soft Cap: 14M USD
Hard Cap: 23 million USD
Cost: 1ETH = 5,000 ZIX
Token Sales Date: Q3 / 2018
Minimum contribution amount: 100 USD at ETH
Token contract address: https://github.com/Zeexme/Crowdsale/tree/master/contracts
Token Allocation & Usage Allocation
ROADMAP
Team
ADVISOR
please visit the link below for more details:
Website: https://www.zeex.me/
Telegram: https://t.me/zeexme
Twitter: https://twitter.com/Zeex_me
Article By: awan biru
bitcointalk url:
ether wallet:
0x768055F1826aE06e052BD40A63f5D8072BE6Ee18
