ZeCash ICO overview
ZeCash, next gen 3.0 coin
A breakthrough solution related to Cryptocurrencies transactions. Using proprietaries features to make ZeCash Ze next gen Coin. New protocols to Secure Proof of Stake, new Staking concept, new anonymity features.
More detailed project in our WhitePaper.
ZeCash – The next generation cryptocurrency
ZeCash aims to create a next-generation cryptocurrency, “the next Bitcoin”, that will become a new standard in the field and be practical enough for even the uninitiated to adopt it. ZeCash promises faster transactions, smaller fees and expenses, less energy usage, more privacy and more safety against market manipulation. Basically, they want ZCH to be a coin that will compete with BTC and other major cryptos and possibly even surpass them due to superior features.
While the team’s goals for ZCH are very ambitious, their statements that current cryptocurrencies (especially Bitcoin) are not very practical are undeniably true. If ZeCash Coin can deliver on its promises for faster transactions, increased security and anonymity etc. then there is no reason why it couldn’t become as popular as other major coins on the market.
The features of ZCH are explained well in the project Whitepaper and most of the ICO details, from the roadmap to token distribution/allocation are sensible and realistic. Communication with the team has been easy and they have been refreshingly direct about the nature of their project and goals. Token sale bonuses and the bounty program are not overblown and participation is not too expensive.
Since ZCH has only just begun development, the main challenges for the project will be in delivering on their promised timeline and features and gaining enough adapters in a very competitive marketplace. Bitcoin is known by the masses and thus has first-mover advantage. Competing with BTC will present its own set of challenges.
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Token: ZCH (0.10 USD)
Amount of tokens for sale: 500 000 000 ZCH
Distribution: 75 % to contributors, 15 % to team and 10 % to institutional investors
March 31 – Dec 31, 2018
Soft Cap: $20 000 000
Hard Cap: 500 000 000 ZCH (35m USD)
Minimum investment: 10 USD
Maximum investment: KYC required over 100 000 ZCH
Bonus program: 10 % on all investments
Referal program 5%
Description & Vision
ZeCash’s goal is to become a 3.0 coin, or the next generation cryptocurrency that will be widely adapted and used by both crypto-enthusiasts and novices alike. ZeCash will be easier and less expensive to use, with faster transactions and smaller transaction fees. ZeCash will also offer more privacy/anonymity compared to BTC and will be safer from market manipulations (like 51% attacks).
These will partly be accomplished by ZeCash ZeProtocol Proof-of-Stake system (instead of Bitcoins Proof-of-Work) and other unique features, like usage of the Lightning Network and decentralized network system.
ZeCash is meant to be a true cryptocurrency, not a utility token or a speculative thing. It will be used to purchasing and trading much like Bitcoin but will be much more practical in use. Participants of the ICO will simply be able to own ZeCash Coins before others and so will also be able to gain profits faster through minting (mining through holding) and by selling Coins when their value increases due to demand. Coin holders will generate up to 5 % of their total Coin amount monthly. This incentivizes holding over flipping.
ZeCash’s vision is clear enough and understandable, if quite ambitious. ZeCash Coin will simply be a next-generation cryptocurrency that will answer major negatives of current crypto coins. If cryptocurrencies are ever to become more widespread, they must become more practical. Furthermore, many people already investing and using cryptos are demanding more efficiency and anonymity when it comes to transactions.
Any statement that a new coin will become the next big thing needs to be taken with a grain of salt. Bitcoin has a massive advantage in terms of general audience recognition. Most people entering the cryptosphere will do so through Bitcoin. This is unlikely to change in a long time, if ever.
Products & Services Detail
ZeCash Coin is the product of the ZeCash ICO. ZeCash Coin is aiming to be the next generation cryptocurrency, meaning that it’s unique features will help it become a legitimate competitor to the major coins already available. Outside the Coin, no other service or product is being planned. ZCH users will of course gain access to a ZeWallet, which will be connected to other major Coin wallets.
Major features of ZCH include:
⦁ Lightning Network system will be used to process faster payments and issuance.
⦁ ZeProtocol; a cutting edge proprietary protocol for processing transactions securely.
⦁ Coin owners generate revenue just by holding ZeCash Coin in their Wallet for transaction validation. Fair staking with CABS and RBS protocols.
⦁ Decentralized global network of computers recording the ZeCash transactions around the world.
⦁ ZeAnon; a proprietary feature that will allow full anonymity using techniques such as Transaction Re-mixing and Ring Signature.
⦁ ZeWallet; Windows/Linux/Mobile/Web wallet. Auto-exchange between other major Coin wallets.
Creation of block will be based on PoS rather than PoW; instead of energy-inefficient mining, blocks will be created through minting (holding). Stakers will be selected based mostly on ZCH held and holding time. There is a 90-day limit for how long one can stake and a 30-day cool-off period before one can stake again. This ensures that potential “whales” will not be able to monopolize minting. If you meet certain minimum criteria, you will eventually be able to take part in staking.
Everything about ZCH’s features sounds promising; faster transactions, less fees, increased security and anonymity, a fair Proof-of-Stake system for mining and simple incentives for holding ZCH over flipping.
One needs to consider that Bitcoin is also looking to adapt the Lightning Network. The question is, if BTC becomes more practical, will people be interested in alternatives? The PoS system will be an advantage for ZCH, however. Although ZCHs’ major features were explained in the whitepaper, we hope that the team will upload even more details and media (one-pager, technical paper etc.) once the project is further along.
Token uses & benefits
ZCH is an Ethereum-based ERC-20 standard token. https://github.com/Ze-Cash
Token distribution will be as follows; 75 % to contributors, 15 % to developers and 10 % to various institutions.
The ZCH token will be directly converted to ZCH Coins when the ICO ends. Any unsold tokens will be burned. Early adopter will thus have immediate access to the Coin, at a significantly lower price than what the Coin could be valued in the future. These early adopters will also have a higher chance to be a part of staking than later adopters.
Since the ZCH token will simply be used to collect funding and will be converted into ZCH Coins, there isn’t much to say about token benefits. If ZCH becomes popular, the ICO participants will have an edge in staking and will be able to sell their Coins at a high price. Flipping potential will purely be based on the hype accumulated during the ICO phase.
The funds gathered from the ICO phase will allocated as follows; 65% to development, 20% to marketing, 10% to operational costs and 5% to legal fees.
The allocation of funds seems sensible, with a large majority going into product development, a solid chunk going into marketing costs and 15% in total going into running costs. Considering the teams end goals however (being the next Bitcoin), there is the question of whether their marketing budget will be enough to attract enough interest in their Coin. The future value of ZCH will depend solely on adoption rate and level of interest, so getting the word out there will be essential, regardless of whether the Coin will truly be superior to others.
Currently the ZeCash team includes 3 team members and 2 advisory members. Team members include CEO Guy Tran-Hoang, CTO Olivier Danvel and COO Sami Haddad. Advisors include senior advisors Chintan Thakkar and Austin Muhs, technical advisor Fares A. Akel C. and blockchain advisors Daniil Torkut.
According to ZeCash, their team is growing and more members will be added in the future.
At this time there isn’t much to say about the team behind the project. All the members have verified profiles and clearly have some knowledge of the fiscal/crypto scene. However, it was difficult to find info on the team members in English and the team is somewhat small with only 3 proper members and 3 advisors. ZeCash has stated to us that they are currently scouting for team members and working on a more detailed English language corporate site. The project has only just begun; there is a lot of time left in the ICO and development will last well into 2019, so the team should have more than enough time to gather more experts to their group.
Roadmap & History
The ICO phase will last from March 31st to December 31st. The ZeCash exchange will be launched at ICO expiration. Development of major features will be done sometime in Q1 2019, afterwards Beta products will start to roll out. Full release of the Coin and beginning of staking/minting will occur on Q2 2019.
The roadmap is quite straightforward and the general timeline seems plausible. The team behind ZeCash has reserved time for developing all aspects of the project, with the Coin being listed in exchanges roughly a year from now. We hope that once development of the project gains momentum, the team will be able to provide more specific dates for the release of various features.
Social & Marketing
Visibility and transparency is key for any legitimate ICO and ZeCash fortunately has fairly active profiles on most related sites. The team has been answering a lot of community questions over at Bitcointalk, which is always good. Updates are posted regularly on Twitter and Facebook. The Telegram channel is mostly focused on announcements; more community discussion here would be ideal. The team answered all our questions in a clear and satisfying manner.
While ZeCash’s goals are very ambitious and the competition and challenges they face will be major, the advertised features of ZeCash Coin sound promising. A new coin that can truly deliver faster transactions, increased security and usability should be able to compete in the marketplace. The details provided in their Whitepaper give perfectly valid reasons why ZCH would be superior to BTC.
The ICO details look promising as well; ZCH’s bounty and bonus programs are sensible, the allocation of funds seems realistic and the roadmap provided looks believable.
The main challenge ZeCash will face will be in delivering on their promised features and generating enough hype/interest for the project to reach and gaining enough adapters in a very competitive marketplace. Even with all their features, competing with Bitcoin will be a challenge in itself.
ZeCash has a lot of potential and could become a real competitor to major cryptos if development goes smoothly. ZCH’s features would make it far more practical than current alternatives. Much of projects future rests on marketing efforts and following the roadmap as promised.
Since ZCH will reward holding, it could be more suitable for long-term investors. On the other hand, if ZeCash gains hype, there will be definitive potential for short-term profits.
+ZCH addresses flaws in current cryptos
+Proof-of-Stake fairer than current mining schemes
+Idea and details of ZCH are well explained
–Direct competition with BTC presents challenges
–Development at the earliest stages; very conceptual at this time
The views expressed in this review are the personal assessments of ICO Drip, based on information from the ICOs website, documentation and communication with the team. This review should not be considered financial or investment advice; do your own research.
We hope the review will provide insight and transparency to the field of ICOs and be a small step in combatting dishonest practices. Any and all feedback is appreciated.
|Token Price||1 ZCH = 0.10 USD|
|Token available for sale||500 000 000 ZCH|
|Unsold tokens||will be burned|
|Soft cap||$20 000 000|
|Hard cap||$35 000 000|
|KYC||Over 100k ZCH|
Bonus program: 10 % on all investments