Frequently Asked Questions
The people around the world are more familiar with the traditional centralized commodity exchanges. Centralized exchanges provide unfair advantage to co-located servers, have higher fees and are prone to hacks, theft and spoofing as well as malicious guerilla algorithms. New Zone is here with a brilliant solution based on blockchain to address all the problems of traditional centralized exchanges.
NZ Coin makes use of Smart Contracts that run on the Ethereum blockchain. A smart contract is software that runs not on a single server or a Cloud, but simultaneously on all nodes of the Ethereum world computer.
Decentralization: No single point of control or failure.
- Transparency: the protocol is implemented in an open-source Smart Contract that anyone can audit at any time.
- Reliability: the Ethereum protocol ensures that the smart contract reliably executes exactly as written and identically for everyone.
- Disintermediation: Direct transfer of value between users and the smart contract reduces friction and operational costs. This also allows for micro-payments for commodities speeding up the cash flow.
By providing a new digitized platform for commodities exchange using the fiat and crypto coins. New Zone wants to revolutionize commodity exchanges. This digitized platform provides secured transactions with the help of blockchain technology. It provides individuals/institutions a reliable and convenient platform to quickly trade commodities/futures and options with help of the most popular payment methods for the fiat currencies available in the country of his/her residence. Initially more than 10 cryptocurrencies will be available for the exchange including Bitcoin and Ethereum and many other altcoins.
New Zone also provides an instance of their platform to all the other commodity sellers. These sellers can buy the instance from New Zone by providing some amount of NZ coins.
5 billion (5,000,000,000) in total.
How can I participate in the NZ Initial Coin Offering
Initial Coin Offering
During launch at our website http://www.newzoneex.com/ will display the link to fill out your personal contact information in a KYC (Know Your Customer) process. You will then be directed to the page with the address where you can send your contributions in BTC, ETH or XRP Currencies
The ICO is open to all people Worldwide except residents of Iran, North Korea, Syria, the Crimea region of Ukraine, or citizens/individuals located in a geographic area that is subject to UN-, US-, EU-, CH- sanctions or embargoes.
Yes, you can read our Whitepaper here.
Yes. Please note that NZ Coin may require you to provide more detailed information if needed. In case you won’t be able to provide this information, we reserve the right to cancel tokens allocation without any compensation. NZ Coin uses your personal data for internal purposes only and complies with all measures to ensure the confidentiality of your data.
NZ Coin will be allocated to buyers on a first-come, first-served basis. The USD/NZprice is $0.3 USD
Bounty tokens will be distributed after the ICO has concluded.
To buy NZ, you will need to send the desired amount of BTC, ETH or Fiat Currencies to the separate wallet addresses or the payment gateway published on the token sale page of our website. You will need to acquire BTC/ETH/XRP Currencies ahead of time in preparation for the ICO.
The total supply is 5 Billion coins
You can buy an ethereum forked NZ coin by signing up to our dashboard.
Continuous development of Ethereum – The establishment of the Ethereum alliance, which is composed of more than 200+ member companies are capitalizing development resources to solve real-world problems using the world’s only smart-contract supporting Blockchain.
Liquidity – Ethereum is the 2nd largest Blockchain network in the world. Every token built on the Blockchain demands for Ether and liquidity to the network.
Scalability – The founder of the Ethereum, Vitalik Buterin along with his team working together to implement “Casper” that aims to make transactions more efficient.
Like how various industries have raised money in 2017 by launching an ICO than other traditional fund-raising, it seems like ICO won’t be any more restricted in a near future by the regulations.
ICO is sort of fundraising event, where a company generates and sells digital tokens in exchange fiat currency from the public. Just like the IPO, the token represents a right of the holder that is varied from access to a specific application. The amount raised in an ICO is determined by the company issuing tokens.
It’s a 3 week of procedure to launch an ICO, including the token development. However, the time differs based on the customization pre-sale and sale smart contracts. And yes, the above time frame does not include the time spent with PR, marketing and talking to pre-sale investors.
So many various costs are associated with the ICO. Apart from the cost of issuing tokens, businesses will be required to go through legal procedure and will be required to put efforts into marketing like, ETH purchases and other significant expenses.
you can use Ethereum Wallet to store the tokens
You can recieve your digital tokens immediately after your transaction. You can get the live coins after the ICO is completed.
We have been in contact with multiple high-profile exchanges and will publish the details as soon as they are finalized.
Coins that are not sold during the ICO will be burned.
You can view the values on the wallet. You can confirm it by testing the transaction address in the blockchain.
IMPORTANT SAFETY INFORMATION
Here are some helpful tips for not getting scammed:
- Never send BTC/ETH to any address other than what we publish on the http://www.newzoneex.com/.
Yes. The roadmap is available for viewing and download