As the cryptocurrency sector continues to grow, its needs inevitably become more complex. For many of those involved, whether they are cryptoindustry veterans or new arrivals from the world of traditional finance, it is not enough to simply buy into individual ICOs and hope for the best. More complex and strategic forms of cryptocurrency trading and investment are starting to emerge.
https://zichain.io/
But the infrastructure necessary for this new stage of the cryptoindustry's development is as yet largely underdeveloped. Zichain offers to fill this gap by providing several mutually complementary services that should make it easy for a broad range of users to follow the latest developments in the chaotic world of cryptocurrency finance and profit from it.
What services does Zichain have to offer?
Zichain plans to roll out four separate products, all of which will allow the payment of their transaction fees in different cryptocurrencies. However, paying with the Zitoken (ZCN) will be done at a 30% discount. The products are:
1. The Blockchain Asset Management Program (BAMP), which will allow asset managers to set up their own investment funds using Zichain's own tools. They will be able to develop detailed and unalterable investment strategies with smart contracts ensuring their compliance to those plans. Funds will automatically issue tokens valued at 1 USD for initial investors (later, prices will fluctuate based on the market value of the fund assets). Confirmed investors will then view and select strategies and invest in them with funds stored on specially secured wallets. Both investors and managers will have access to real-time fund reports. All the necessary transactions (fees, redemptions, withdrawals) will be calculated and executed automatically on the blockchain.
2. TheIndex.Fund, a set of five automated algorithmic cryptocurrency index funds that users will be able to use to invest in the cryptocurrency market as a whole with a single token. The Blue Coins index covers the top 5 cryptocurrencies by market circulation; the Second Tier index includes the top 20; and Currencies, Services and Platforms indices follow those of the top 50 currencies that are primarily used for payment or for service or platform utility respectively. Those indices will be rebalanced on the first day of each month, and the revenues from the connected funds will be accrued 24 hours before that.
3. CryptoEYE.pro, a cryptocurrency information platform that will include such features as a filterable, multilingual personal newsfeed (generated with the help of a sophisticated aggregator), market data presented through indices and graphs, a wiki covering cryptocurrencies and ICOs and an investment calculator. Access to more advanced analytics and forecasts will require ees. It will also serve as a marketplace for the two products above and the target for BAMP's fund marketing feature.
4. ZiChange, an exchange service that will allow users to trade different cryptocurrencies, as well as exchange them for a number of fiat currencies and vice versa. It will be fully transparent and allow instant conversions and withdrawals.
What are Zichain's advantages?
The Zichain team seems well-qualified for its self-appointed task of bringing conventional financial knowhow and practices to the cryptocurrency world. Many of its members have more than ten years' experience in the financial world. The design of its products makes good use of blockchain technology to ensure transparency, reliability and efficiency that, if implemented successfully, should exceed the industry standard even in the old financial world. All of those products are in a somewhat advanced stage of their development, with a beta version of CryptoEYE.pro already launched. Zichain also has the necessary license to operate a cryptocurrency-fiat exchange.
https://zichain.io/
Perhaps the main advantage Zichain has over its competitors in the increasingly crowded cryptocurrency fintech field is the sheer variety of the options it offers. Its different products can be used separately, but they form a coherent ecosystem. ZiChange and CryptoEYE.pro make it especially easy for beginners to start investing, while even veterans would benefit from the convenience provided by the former and the latter's help in staying up to date. BAMP allows and assists directed trading for those who want short- and medium-term profits or prefer to rely on the human element. TheIndex.Fund, meanwhile, allows long-term investments that are safeguarded from the possibility of human error. In addition to investors, BAMP also provides a welcome opportunity for asset managers. As well as providing them with an array of ready tools, it will allow them to conduct their business without worrying about trust – a serious problem in the industry.
Token sale details
A comprehensive support structure for the next phase of the boom
Whatever problems may befall individual currencies, the cryptocurrency boom does not seem to be ending any time soon. Instead, it is starting to advance to a whole new level, at which cryptocurrencies get more and more interest from traditional private and institutional investors and active cryptocurrency traders become interested in more complex investment strategies and options. Zichain is therefore entirely right to point out the need to set up an infrastructure to support those options in advance. It will be necessary to sustain the boom and to allow its participants to get the most out of it.
Zichain's ecosystem appears to be up to the task. Its versatility is once again a key strength, as it promises to provide many services that are already in demand and seem bound to become more so in the near future. This offers it some level of redundancy in case some of its individual products run into unanticipated problems. Its high ratings on ICO sites and the positive buzz it attracted throughout the community seem to assure anyone interested in the project that it will not lack for support in the critical early phases of its implementation. In the longer run, the fate of Zichain is directly connected to that of the cryptocurrency market as a whole.
Links:
Website: https://zichain.io/
WhitePaper: https://zichain.io/pdf/Whitepaper.pdf
Telegram: https://t.me/Zichain_EN
Facebook: https://www.facebook.com/zichainecosystem/
Twitter: https://twitter.com/Zichain1/
Medium: https://medium.com/zichain
ANN: https://bitcointalk.org/index.php?topic=3738779.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
ETH: 0xda2574CFeB7De808c08E542000E62C4949ee3233
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.