ZED Network: About the Platform
Canadian Platform as a Service built on Stellar network, ZED is a compliance-friendly solution enabling money transfers for business scaling.
- The ZED token is a fully tied to an identity, token users need to pass KYC to transact on the network.
- The main areas of application are P2P remittance and corporate payments.
The mechanics of ZED solution is simply sending fiat value via the purchase of ZED tokens that will be converted back into fiat value at the receiver side.
However, the ZED Network works with the transation settlement within 3 to 5 seconds and guarantees a pre-set exchange rate for up to 15 minutes.
This type of guarantees is possible since ZED is fully premined. It is also what makes the costs and duration of the money transfer operation more predictable than it would be when using standalone cryptocurrency.
ZED Network: Token Promotion & Results
The ZED Network Twitter @ZEDNetwork raked up 5.3K followers, out of which 1.7K came on the day their token airdrop compaign was released. The airdrop organized via AirdropX promises tokens for Twitter and Telegram follow.
Alan Safahi, the CEO of ZED Network, has been appearing in a lot of news features and crypto podcasts which @ZEDNetwork tweets about and is getting good community engagement from it.
The company is organizing a regulated token sale this summer.
The Business Intelligence for ZED Network
ZED Network Inc. is a private blockchain and financial technology company based in Canada with head office address at 112 Elizabeth Street, #5-321, Toronto, ON M5G 1P5.
The CEO of ZED Network Alan Safahi is a seasoned entrepreneur and angel investor. He is also a CEO of ZipZap Inc., a remittance app founded before cryptocurrencies were widely used that has AngelList as the leading investor in one of the seed rounds. Before that Alan Safahi had founded three startups: Beta Tech, California Commuter (CalCom) and Card Express Inc. (CardEx).
Investing in ZED Network
The pre-sale of ZED tokens is ongoing between 30 July and 30 September when the public sale starts and lasts until the end of December.
- Minimum investment is USD$25K for the pre-sale.
- There is no minimum for the public sale.
KYC performed on every applicant who asks to join the waitlist.
According to most available information, for the pre-sale only accredited investors in US and Canada and targeted.
In USA that is a natural person who has at least $1 million net worth and is verified as an accredited investor by the authorities, in other countries the definition varies though and admins of the official Telegram group are apparently open to discussion.
There is a token airdrop ongoing as well capped at 1 MM tokens but similar restrictions will be posed to exchange the tokens in the end:
- ZED is not an anonymous currency.
- Exchanges offering ZED will be required to perform KYC validation for each ZED token user.
- Every transaction on ZED is encrypted and recorded on a blockchain that traces back to the genesis block.
The ZED Network Airdrop Happens on ETH Blockchain
The airdrop campaign join requires an ETH address while ZED is a Stellar asset, which Alan Safahi confirmed as legitimate: ,,The reason for ETH is that ETH unlike Lumens is considered a utility token and can be paid in lieu of ZED token in the countries like US/Canada, etc where we will not be able to send ZED tokens for at least a year.”
Documents archived for ZED Network
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