COBINHOOD, the cryptocurrency service platform with zero-fee exchange today announced its partnership with financial solutions upstart, Zeux, to support and advise the launch of the company’s initial coin offering (ICO). The Zeux’s token, ZeuxCoin (ZUC), will use its smart contract to ensure all remaining tokens unsold at the end of the ICO will be “burned” to protect contributors’ funds from dilution. The project has set a hard cap distribution of 50,000 ETH during this phase, and all funds received from the ICO will be used for the development of the Zeux Project.
Financial services play a critical role in everyday life and business activities. With the progress of technology development, there is a growing demand for mobile payments and access to investment products. Zeux’s mission is to transform existing financial services by making complex, expensive and burdensome financial management processes simple, convenient and affordable for the customer, thus making the best services accessible to everyone.
Zeux is an FCA regulated entity which has soft-launched its product and will officially launch its operations in the EU in 2019. It has the ambition to roll out services to the rest of the world in 2020.
By combining blockchain technology, biometrics and artificial intelligence, and by bringing the fiat and crypto worlds together, Zeux provides an integrated solution that offers multiple functions for financial services, including: secure mobile payment for both fiat and crypto, decentralized money transfer, access to multiple bank accounts, access to multiple traditional and crypto investment products, a secure personal data vault and a KYC concierge for hassle-free account opening.
On the Zeux platform, customers can easily manage all their financial portfolios. All transactions will be performed in a highly secure environment that meets the highest standards and uses the most advanced cyber system security protocols. Zeux is a single-entry investment platform that combines the best of traditional investment options with a wide array of crypto investment opportunities. On top of that, the Zeux platform will reward those that hold their ZeuxCoin token, offering benefits such as discounted investment fees and reduced FX transfer fees.
[perfectpullquote align=”full” bordertop=”false” cite=”Frank Zhou, CEO of Zeux” link=”” color=”” class=”” size=””]“Financial services, such as payments, FX and investment, play important roles in our daily lives as consumers. However, most of the products provided by traditional financial organizations have not been designed with ease of access, simplicity or affordability. Zeux aims to make investing less of a hassle, while making it easy to access crypto investment products and decreasing the cost of expensive international transactions through one integrated solution. We’re excited to move forward through our coin offering with the help of COBINHOOD, so that we can deliver a revolutionary regulated solution making transactions fast, convenient, secure and reliable.”[/perfectpullquote]
ICO tokens supported by COBINHOOD can be traded on the COBINHOOD zero-fee exchange after ICO, which prevents low liquidity. Zeux’s token private sale just started, with an anticipated launch of usable prepaid cards with partnering tokens expected in Q3 of 2018.
[perfectpullquote align=”full” bordertop=”false” cite=”COBINHOOD Co-founder Popo Chen” link=”” color=”” class=”” size=””]“The COBINHOOD team is very excited to work with Zeux as they undergo the token sale process this month. In 2017 alone, ICOs raised over $7 billion, and 2018 YTD has followed pace at over $12 billion. Zeux is bringing much-needed blockchain technology to the cryptocurrency space, as financial services across the globe are hustling to keep up with rapidly growing cryptocurrency demand. Zeux’s platform is making crypto transactions as easy as a few simple clicks, making investing and banking services hassle-free. COBINHOOD strongly supports Zeux in what they are doing and looks forward to a successful engagement with their team as it continues to push the cryptocurrency industry forward.”[/perfectpullquote]