ZIPCO · This document is a vision document and should not be considered a specification. This is...
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[email protected] WHITEPAPER ZIPCO The True P2P Trading & Remit Platforms of the Future WHITEPAPER Version 1.0.2 © 2018 | All rights reserved
Transcript of ZIPCO · This document is a vision document and should not be considered a specification. This is...
WHITEPAPER
ZIPCO The True P2P Trading
& Remit Platforms of
the Future
WHITEPAPER
Version 1.0.2 © 2018 | All rights reserved
Table of Contents
IMPORTANT DISCLAIMER 2
About ZIPCO 6
ABSTRACT 7
Market and Industry Info 8
Comparison Chart 8
PROBLEM STATEMENT 9
THE ZIPCO SOLUTION 10
Trading Digital Currencies with ZIPCO 10
THE ZIPCO MAIN DIFFERENTIATORS 13
ZIPCO Economy 15
The ZIPCO Community Governance 16
THE ZIPCO COMMUNITY 17
THE ZIPCO GROWTH AND ADOPTION 18
Pre-launch 18
Post-launch 19
THE ZIPCOBUSINESS MODEL 20
Token Specification 20
ZIPCO Token Pre-sale 21
Use Of Proceeds 21
Token Distribution 22
Excluded Countries 23
ARCHITECTURE OF THE ZIPCO EXCHANGE ENGINE 24
ZIPCO Exchange Architecture 25
ZIPCO Exchange Features 25
THE ZIPCO TOKEN 26
Monitoring and Control 27
THE ZIPCO ROADMAP 28
RISKS AND RIGHTS OF ICO PARTICIPANTS 29
THE ZIPCO EXCHANGE AND ADVISORY TEAM 31
CONTACTS 34
IMPORTANT DISCLAIMER
This document is a vision document and should not be considered a specification. This is for general informational purposes only and may change as the Platform is developed over time. ZIPCO is not intended to constitute a regulated product in any jurisdiction. This explanatory note does not constitute advice to purchase ZIPCO token nor should this note be relied upon in connection with any contract or purchasing decision.
To the maximum extent permitted by law, ZIPCO and/or its affiliates shall not be liable for
any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or
otherwise (including but not limited to loss of revenue, income or profits, and loss of use or
data), arising out of or in connection with any acceptance of; or reliance on this Whitepaper
or any part thereof by you.
RECIPIENTS ARE SPECIFICALLY NOTIFIED AS FOLLOWS:
No offer of securities: ZIPCO (as described in this Overview) is not intended to constitute
securities in any jurisdiction. This Overview does not constitute a prospectus nor offer document
of any sort and is not intended to constitute an offer or solicitation of securities or any other
investment or other product in any jurisdiction.
No advice: This ZIPCO Technical White Paper (WP) does not constitute advice to purchase any
ZipCoin (ZIPCO) tokens nor should it be relied upon in connection with, any contract or purchasing
decision.
Please read this entire section and do not take any actions until you finish it. This white
paper is a summary of ZipCoin Exchange or ZIPCO Exchange; or ZipCoin Remit or
ZIPCO Remit or simply known as “ZIPCO” business model, technology, and brief
introduction to “ZIPCO” token distribution principles.
ZIPCO token distribution is considered to be a free Epic Operating System (EOS)
token distribution campaign. Detailed terms and conditions of the distribution
campaign will be released and published on ZIPCO webpage. https://zipcx.io
After carefully reading this Whitepaper and still have any concerns, please consult your
Legal, Tax, and Financial advisor for next action or step to take.
Without permission, anyone may use, reproduce or distribute any material in this white
paper for non-commercial and educational use (i.e., other than for a fee or for commercial
purposes) provided that the original source and the applicable copyright notice are cited.
No representations: No representations or warranties have been made to the recipient or its
advisers as to the accuracy or completeness of the information, statements, opinions or matters
(express or implied) arising out of, contained in or derived from this Overview or any omission
from this document or of any other written or oral information or opinions provided now or in the
future to any interested party or their advisers.
To the fullest extent, all liability for any loss or damage of whatsoever kind (whether foreseeable
or not) which may arise from any person acting on any information and opinions contained in this
Overview or any information which is made available in connection with any further enquiries,
notwithstanding any negligence, default or lack of care, is disclaimed.
Risk warning: Potential purchasers should assess their own appetite for such risks independently and
consult their advisors before making a decision to purchase any tokens.
Translations: This Overview and related materials are issued in English. Any translation is for
reference purposes only and is not certified by any person. If there is any inconsistency between
a translation and the English version of this Overview, the English version prevails. Unless
otherwise stated, all references to “$” and “dollars” in this Overview pertain to United States
dollars.
This Overview has not been reviewed by any regulatory authority in any jurisdiction. References in this Overview to specific companies and platforms are for illustrative purposes only.
Other than ZIPCOIN Remit Ltd or “ZIPCOIN” or “ZIPCO” and or the Foundation, the use of any
company and/ or platform names and trademarks does not imply any affiliation with, or
endorsement by, any of those parties.
NOREPRESENTATIONS AND WARRANTIES
ZIPCO and/or its affiliates do not make or purport to make, and hereby disclaim, any
representation, warranty or undertaking in any form whatsoever to any entity or person,
including any representation, warranty or undertaking in relation to the truth, accuracy and
completeness of any of the information set out in this Whitepaper.
CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
This Whitepaper contains “forward-looking statements,” as that term is defined in the Private
Securities Litigation Reform Act of 1995, concerning the business, operations and financial
performance and condition of ZIPCO. Words such as “anticipate,” “estimate,” “expects,” “plans,”
“believes,” “projects,” “intends,” “will” and words and terms of the similar substance typically
indicate forward-looking statements.
Furthermore, all statements regarding ZIPCO’s and/or its affiliates’ financial position, business
strategies, plans, and prospects and the future of the industry which ZIPCO and/or its affiliates
are in are forward-looking statements.
These forward-looking statements, including but not limited to statements as to ZIPCO and/
or its affiliates’ revenue and profitability, prospects, future plans, other expected industry
trends and other matters discussed in this Whitepaper regarding ZIPCO and/or its affiliates
are matters that are not historical facts, but only predictions.
All forward-looking statements are ZIPCO’s present expectations of future events and are
subject to several factors and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. These factors and uncertainties
include, amongst others:
❖ Changes in political, social, economic and stock or cryptocurrency market conditions,
and the regulatory environment in the countries in which ZIPCO and/or its affiliates
conduct its respective businesses and operations;
❖ The risk that ZIPCO and/or its affiliates may be unable or execute or implement
their respective business strategies and future plans;
❖ Changes in the anticipated growth strategies and expected internal growth of ZIPCO
and/or its affiliates;
❖ Changes in the availability and fees payable to ZIPCO and/or its affiliates in
connection with their respective businesses and operations;
❖ Changes in the availability and salaries of employees who are required by ZIPCO and/
or its affiliates to operate their respective businesses and operations;
❖ Changes in preferences of customers of ZIPCO and/or its affiliates;
❖ Changes in competitive conditions under which ZIPCO and/or its affiliates operate, and
their ability to compete under such conditions;
❖ Changes in the future capital needs of ZIPCO and/or its affiliates and the availability of
financing and capital to fund such needs;
❖ War or acts of international or domestic terrorism;
❖ Occurrences of catastrophic events, natural disasters and acts of God that affect the
businesses and/or operations of ZIPCO and/or its affiliates; and
❖ Other factors beyond the control of ZIPCO and/or its affiliates.
You are cautioned not to rely upon any such forward-looking statements, which speak only
as of the date they were made. ZIPCO is not under any obligation, and expressly disclaims
any obligation, to update or alter any forward-looking statements, whether because of new
information, future events or otherwise.
All subsequent forward-looking statements attributable to ZIPCO, its affiliates or any person
acting on their behalf are expressly qualified in their entirety by the cautionary statements
referred to in this section.
Neither ZIPCO, or “ZIPCO” nor any other person represents warrants and/or undertakes that
the actual future results, performance or achievements of ZIPCO and/or its affiliates will be
as discussed in any forward- looking statements. The actual results, performance or
achievements of ZIPCO and/or its affiliates may differ materially from those anticipated in
these forward-looking statements.
CATHRINE (Kim) CHIVHIMA
PRESIDENT & CEO
ABOUT ZIPCO | Remittance meets blockchain. ZIPCO is a blockchain based decentralized remittance and payment solution which will enhance
businesses and individuals in the $104B remit industry.
• ZIPCO token revolutionizes the remittance industry with the creation of its EOS blockchain
powered payment system, which facilitates all types of remittance businesses a safe,
secure, swift and reliable payment solution in the emerging Africa and beyond.
• The ecosystem guarantees safety and reduces rejections that people sending money to
their families have to face when they want to send or remit money using the financial
institutions.
• To make financial transactions easy and to get rid of the conventional payment methods,
the company introduces its ZIPCO token, which makes all remittance transactions
possible for remit businesses worldwide.
• It is a community, employee owned, operated ICO and trading exchange designed to
decrease existing barriers to entry in blockchain technology for all users across the globe.
With the introduction of its EOSIO based ZIPCO token, the company not just wishes for its token
to become one of the leading digital currency, but it also wants to replace fiat currencies with its
own cryptocurrency in the multi-billion dollar remit industry.
Thus, the ZIPCO token is designed to primarily serve as a solution to a major problem, becoming
a valuable token and highly used for millions of businesses and individuals. This whitepaper will
explain the details of this vision and exactly how we see it coming to fruition.
VISION
To touch the lives of our communities in the emerging markets of Africa and beyond by creating jobs and to become the most preferred Online Money Transfer Company backed by cutting edge technology, dedicated team, excellent customer service, and unstoppable passion for improving and reducing cost associated with remitting fee where a large share of the African and other emerging remit market uses one unified token; ZIPCO, for all their transactions.
MISSION To provide the services with affordable, reliable, hassle free, secured and convenient money transfer services to our valued customers. To maintain collaboration, engagement and lifelong relationship with our customers and partners by providing customized remittance services to ensure good corporate governance and integrity in dealing with community issues, challenges and opportunities.
What is ZIPCO Claiming to Solve? We are by far a better alternative to many other remittance businesses in the Money
Services Business (MSB) that charges customers high processing and foreign exchange
rate fees. All businesses in the industry have two consistent things in common; they are
related to the remit industry and they have a problem with their payment providers.
❖ Banned from payment providers
❖ High fees
❖ No guarantees
❖ No anonymity
❖ Lack of Peer- to-Peer remitting
We have identified the most pain points of de-centralized and centralized exchanges;
❖ Market illiquidity and volatility
❖ Inadequate information
❖ Insecurity of crypto trading
❖ Lack of Peer- to- Peer trading
❖ Poor customer support and security
❖ Lack of inclusiveness and presence in emerging markets and
remote areas
❖ Complicated Systems for users to navigate
❖ Lack of tangible ROI besides Capital gains on your token
ZIPCO’s Solution to the Problems “Businesses make more profits while consumers spend less”
❖ ZIPCO token will approach all the aforementioned markets and offer
a reliable payment solution;
❖ Full ownership of money: (Digital currencies are independent of
any third party)
❖ Low fees: (The payment providers who do allow accounts for remit,
ICO & blockchain industry related businesses and individuals
charge very high fees, because competition is almost non-existent).
This instantly means businesses make more profits while
consumers spend less. African markets pay the highest remit fee
and ZIPCO is set to change that.
❖ Security: (The infrastructure which underpins the blockchain
technology carries a huge advantage for the banking sector of any
industry. Through blockchain data of transactions is stored across
vast networks of computers that constantly check and verify
information with each other. The blockchain system is near-
impenetrable even to the brightest cyber-minds
❖ Guaranteed anonymity: (Due to the EOSIO based blockchain
platform, digital currency transactions will allow guaranteed
anonymity. Once KYC has been completed once, the customer will not be asked for an ID
each time she/he sends money online via our portal; unless specified.
❖ A united currency: (Once more and more customers join ZIPCO,
the use of ZIPCO token in the industry will eliminate large
transaction costs, because all transactions will eventually be made
through one united currency.
❖ Helping our customers: (With ZIPCO tokens customers can enjoy
financial freedom, control their account and receive their payments
directly, securely, swiftly, without large fees and with full anonymity
towards the paying end.
Additionally:
1. Matching Engine- As defined in our whitepaper; high end processor that is capable of
handling high customer and transactions numbers- up to 100 million orders/second,
making ZIPCO Exchange one of the fastest exchanges in the market today.
2. Device Coverage- we are providing cross platform trading for;
❖ Web based trading
❖ iOS and mobile iOS
❖ Mobile HTML5
❖ PC Windows
❖ Android
3. Blockchain education, collaboration sessions, meet ups and community awareness
4. Increased digital wallet support- keep 98% of customer’s tokens in cold wallet
5. Simplified and easy to use system
6. Promote employee and community owned business- introduced equity and share
ownership based on your purchase.
7. ZIPCO project is backed up by talented, experienced and multicultural professionals
8. ZIPCO cares about Liquidity- means how quickly you can get your hands on you most
wanted currency by exchanging it for another currencies. Partnering with most banks in
the world provide us a platform to liquid your digital to fiat currency.
How does ZIPCO make Profit? ❖ Exchange fees
❖ Listing fees
❖ Withdrawal fees
❖ Trading fees ( sell vs. buy price)
Our fee incentivization is made possible by ZIPCO EOS tokens which are integral part our exchange. Customer can use ZIPCO to pay for any of the fees on the platform. (BIG Savings to our customers) Apart from this when you, the customer uses our “ZIPCO” token to pay for fees, you will receive a significant discount according to the below- shown schedule.
1ST
Year 2nd
Year 3rd
Year 4th
Year 5th Year
Discounted Rate
52% 27%% 14.5% 7.5% No discount
ZIPCO Remit or ZIPCO Remit will play a major role in increasing the ZIPCO (ZIPCO token utility value). The ZIPCO Remit will be integrated with ZIPCO Exchange and will be using laws of Math, law of supply and demand to drive the ZIPCO price up. The higher the transaction volume, the higher the ZIPCO price; demand will push the “ZIPCO” token price upward, increasing the worthiness of the token and make it scarcer to the general public.
So it wouldn’t be wrong to say that the price of ZIPCO will continue to go up because people
own shares, equity, dividends, token buy outs, free discounts and as the users of the ZIPCO Remit are continuously sending and remitting money back to their home countries.
Providing trading options and match pairing for various digital currencies with a nominal 0.1% trading fee- far cheaper than most of our competitors
It is also clear from the business model that our price of ZIPCO will be strictly driven by our remit transaction volume, business incentives and profits that will eventually be used to destroy 50% of all ZIPCO tokens.
To achieve this, we are engaging grass roots campaigns for organic business growth, innovative and creative’s programs such as ZIPCO Angel Program, The Community Coin Per Month, the ZIPCO API Coding Competition and various awesome gateways.
Last, but not least, to ensure that everyone participate with ZIPCO ends up in a win-win situation, every quarter will use 20% of our profit to buy back our ZIPCO and destroy them until they eventually buy 50% of all the ZIPCO (100 million) back.
ABSTRACT
Through blockchain technology, ZIPCO shall be a robust, simple, secure and easy to use
cryptocurrency trading platform designed for everyone, anyplace and anytime.
ZIPCO Exchange engine is a digital market where online traders can buy and sell bitcoins
and altcoines at market established exchange rates. It is an online platform that acts as an
intermediary between buyers and sellers of cryptocurrency.
ZIPCO Exchange will have commission fees for transactions that apply to each completed
purchase and sale order conducted through the exchange.
The rate depends on the volume. Included in the ZIPCO platform, is the ZIPCO Trade
engines, the ZIPCO Customer Support, first-class security system, Know Your Customer”
(KYC), the ZIPCO bank partnerships, transaction history and liquidity on the ZIPCO
exchange, the secure ZIPCO wallets and an advanced Admin dashboard for regulating the
activities within the Trade Exchange.
As we grow, ZIPCO shall incorporate banking services using our Financial Service Providers
(FSP), Word of Mouth (WM) and Referral Community Program to advocate, educate and
provide awareness around blockchain technology.
The ZIPCO team has experienced and seasoned professionals from various backgrounds
and skill sets. This diverse background will enable the team to understand other cultures,
collaborate, engage and work in tandem while driving results and high customer satisfaction.
The ZIPCO token will be used for fee payments while operating the Exchange. Our
technology shall integrate the Banking processes with the exchange to enable the users the
ability to deposit and withdraw fiat money at any given user, place and time.
Yes, the ZIPCO platform shall provide services and products that actually solve people
everyday’s challenges.
MARKET AND INDUSTRY INFORMATION
This Whitepaper includes market and industry information and forecasts that have been
obtained from internal surveys, reports and studies, where appropriate, as well as
market research, publicly available information and industry publications. Such surveys,
reports, studies, market research, publicly available information and publications
generally state that the information that they contain has been obtained from sources
believed to be reliable, but there can be no assurance as to the accuracy or
completeness of such included information.
While ZIPCO has taken reasonable steps to ensure that the information is extracted
accurately and in its proper context, ZIPCO has not conducted an independent review
of the information extracted from third party sources, verified the accuracy or
completeness of such information or ascertained the underlying economic assumptions
relied upon therein.
Consequently, neither ZIPCO or its respective directors, executive officers and
employees acting on their behalf makes any representation or warranty as to the
accuracy or completeness of such information and shall not be obliged to provide any
updates on the same.
ZIPCO will emerge as the fastest growing digital currency exchange in Canada creating
its own identity and branding against these three exchanges- QuadriagaCX,
Coinsquare and Einstein Exchange.
Market Opportunity and Strategy
It all starts with the question “what is the point of ZIPCO token?” our answer is simple:
Improving one of the biggest industries in the world, which has grown to become a
multi-billion dollar industry. We want to create a digital currency which will unify all
sectors of the remit industry making financial transactions safe, less costly and
seamless
The Opportunity.
The opportunity starts with the problem: despite its magnitude the remit industry continues to be frowned upon at best and completely rejected by financial institutions at worst. While there are many customers of the industry it is still an industry where ‘high fees’ are the norm and low fees is almost non-existent, however over the decades this is an industry which has fought against all difficult to access payment solutions and taken advantage of every new technological development to climb the ladders of success. The blockchain technology is the exact revolution it needed to rid itself of all remaining attachments to remit payment solutions, bureaucracy and discrimination. We have located all the separate problems and found a solution for them.
The market opportunity lies in the fact that this industry is huge with millions of customers, and it has proven to bring in large and competitive revenues in many countries around the world.
Over the next two years, ZIPCO token will aim to partner in with these affiliates, partners, agents, businesses, both big and small. Even a small percentage will constitute hundreds of online businesses offering ZIPCO token as a payment solution and creating a large circulation which will give the token value.
Once ZIPCO becomes the mainstream way to purchase and get paid for remit-related transactions everything changes; bigger companies will join in and add us as a payment method whilst new businesses and customers will choose us as an easy and safe choice for opening accounts.
COMPARISON CHART ZIPCO EINSTEIN
EXCHANGE
QUADRIGACX COINBASE
LATENCY
(NANOSECONDS
-NN/ SEC)
40-50
nn/S
N/A N/A
TRANSACTION
FEES 0.045% 0.25% 0.2-0.5% VARIES
MOBILE APP YES YES YES N/A
CUSTOMER
SUPPORT YES YES NO N/A
FIAT
WITHDRAWAL YES YES YES
CREDIT CARD
FEE 5.85% 7.5% N/A USA-
3.99%
Problem Statement
In its current state of development, blockchain technology is largely inaccessible to the vast
majority of people due to limited awareness of the technology, its complexity, exclusion of
some countries, and lack of user-friendly decentralized applications or “dApps”.
Although progress is being made, there is much to be done before blockchain technology is
accessible enough to the average user and can become the revolutionary technology we
know it can be.
Without an effective and efficient means to obtain blockchain tokens, one cannot expect the
vast majority of consumers to engage in the emerging blockchain business sector. No matter
how innovative or inexpensive a blockchain dApp might be, if a consumer needs to weave
through numerous transactions and run the risk of losing their funds during each transaction,
it’s not a stretch to suggest that widespread adoption of blockchain technology is unlikely until
this problem is solved.
12 of
ZIPCO intends to close the gap for users and service providers by creating a compliant
financial services account allowing both users and merchants to buy and sell the bulk of
available blockchain tokens in two transactions.
Through the integration of a globally compliant financial services institution and digital
currency trading platforms, users will only need a single account to store, buy and trade their
blockchain assets.
With the native infrastructure available via a fully programmable blockchain ecosystem,
developers need not look further to build and deploy their dApps. Our platform provides the
compute power and data storage to host the dApp’s software securely and is more cost-
effective than legacy cloud or hardware server deployment.
Combined with an integrated suite of financial services, we believe customers and
developers will find the ZIPCO blockchain meets all of their needs to launch their dApp. In
addition, developers, customers, and business partners can feel confident in the full
compliance of our user accounts and financial services.
A secure, compliant and cost-efficient foundation with integrated financial services provides
the infrastructure to build a vibrant ecosystem of dApps. WHY EOS blockchain technology not Ethereum
A lot more people are coming to the blockchain space. While cryptocurrencies are the main
welcoming force, these coins are still a preserve of the tech enthusiasts; a lot like unique toys
for members of an insiders’ club.
Among the noted hurdles to mass adoption has been the ease with which people can trade
the coins. Most exchanges aren’t user-friendly and demand a lot from users e.g. exchange on-
boarding is very confusing, user interface (UI/UX) is difficult to navigate, KYC/AML process is
too long, bad customer support, etc.
A few measures have been proposed, including improving the scalability of existing blockchain
networks and making crypto exchanges more user-friendly. Now, the ZIPCO Project is
introducing other feasible measures and strategies. We envision a system that adopts the
cycle illustrated below.
The ZIPCO Solution
DEPLOY
INTEGRATE
THE ZIPCO SOLUTION
LEVERAGE
BUILD
RECYCLE REDUCE/ZIP
DEPLOY: a flexible and adaptive blockchain infrastructure capable of hosting applications
developed in any programming language.
INTEGRATE: natively with existing financial infrastructures by leveraging blockchain technology
to develop a financial institution, tools, and services.
RECYCLE: profits within the economy, to fund investment in the ZIPCO Network and the
community, via the ZIPCO Incubator.
LEVERAGE: existing blockchain platforms, tools and services to create partnerships
and reduce the need to develop every necessary component from scratch.
REDUCE/ZIPCOCOIN: barriers to adoption for users, business partners and developers.
BUILD: a new economic model that rewards businesses and customers for their
Participation in the ZIPCO economy.
HOW DOES ZIPCO TOKEN FUNCTION? ❖ Visit our websites and create your account- (customer account vs. business account)
❖ Complete our KYC for Anti Money Laundering (AML) purposes. This process is only
completed once.
❖ Verify your account
❖ Fund your account or transfer your digital currency from another platform
❖ Buy ZIPCO tokens
❖ Trade, Remit and or hold your ZIPCO tokens
❖ You choose ZIPCO Token as a payment method and reach the payment page.
❖ Now, you enter the amount of ZIPCO Tokens you want to convert to USD.
❖ You make use of your crypto wallet, for example; ZIPCO Wallet, and pays 100 ZIPCOs
❖ Our website receives 100 ZIPCOs in its crypto wallet and unlocks, unfreezes and
convert your ZIPCOs into USD
❖ The conversion rate, amount, date is displayed
❖ Select beneficiary payout method- (i.e. payout location, bank account, mobile payment)
a. If bank account -enter the beneficiary bank account, and phone number
b. If payout location- enter location
c. If mobile payment- enter mobile phone #
❖ Hit submit or cancel
❖ The money is sent or transaction is cancelled
❖ The transaction is complete. ( sent scenario)
❖ Our system will send notification to the beneficiary regarding the payment
❖ Once payment is received, the sender is notified
THE CURRENT PROCESS TO BUY & SELL DIGITAL CURRENCY
❖ The user creates an account with Coinbase. Verification can take up to 24 hours.
❖ Users account is approved, and transfer of fiat is initiated taking anywhere between 4-7
days. 1% of transaction costs.
❖ The user purchases Bitcoin, taking several minutes- 3-7% of transaction costs.
❖ The user transfers Bitcoin to their preferred exchange, taking anywhere from 10
minutes to several hours. FEES VARIABLE.
❖ User instantly purchases alternative digital currency using Bitcoin. FEES 0.25-1% of
transaction costs.
❖ User downloads and installs wallet and transfers currency from exchange to wallet. To download the blockchain transaction history can take several days.
❖ The user transfers currency from wallet to exchange taking anywhere from 10 minutes
to several hours. Fees Variable.
❖ User initiates sell order on exchange instantly at market price. 1% of transaction costs.
❖ The user transfers Bitcoin to Coinbase taking anywhere from 10 minutes to several
hours. Fees Variable.
❖ User sells Bitcoin through Coinbase instantly at market price. 1% of transaction costs.
❖ The user initiates withdrawal of fiat from Coinbase taking 3-7 days. 1-2% of transaction costs.
HOW TO BUY & SELL DIGITAL CURRENCY
WITH ZIPCO
CREATE
ACCOUNT
The user creates an
account with
ZIPCO.
Verification can take
up to 24 hours.
Creating a trading account, or logging into an existing account with one of ZIPCO’s exchange partners (minutes)
FUND
ACCOUNT
Users account is
approved allowing the
user to buy digital
currency by
1. Linking an existing
banking account then
wiring funds to their
trading account (2-4
days) Min. fees.
2. Depositing cash to
the ATM/Debit Card
provided by ZIPCO
3. To deposit
cash/check/ money
order to their ZIPCO
account allowing the
user to trade (1 day)
TRADE | BUY |
SELL DIGITAL
CURRENCY
Through ZIPCO’s
platform, the user is able
to trade- buy or sell,
digital currencies
WITHDRAWAL
Through ZIPCO’s platform,
the user is able to:
1. Use ATM
2. Wire fiat funds to your account
4. Transfer funds to
another ZIPCO
user
5. Pay bills directly
ZIPCO MAIN DIFFERENTIATORS
Value Proposition for our Users We believe the ZIPCO Network will provide numerous advantages for our users and our
communities interested in trading and starting a service on the network. Our goal is to
create the simplest and most user friendly blockchain platform in the world. Below are
some of the main advantages:
❖ Integrated Financial Services - The Financial Service Provider (FSP) will have a
financial account available for users and businesses to store fiat and digital currency
assets. There will be a merchant processing service available for instant fiat
conversion of ZIPCO tokens to the merchant’s bank account;
a. Funds transfer (wire and peer-to-peer)
b. Payment processing
c. Traditional banking
d. Bill payment
e. Trade Financing
f. Merchant servicing
g. Remittances
❖ Integrated Digital Currency Exchange - The ZIPCO Exchange will have a digital
currency ex-change providing the ability to buy and sell numerous coins and tokens.
The biggest feature for our startup is the ability for us to list our token immediately
without the hassle of meeting outrageous requirements required or imposed by
existing exchanges.
❖ Educational Materials - An extensive library of written and video tutorials to aid and
educate users on the ZIPCO platform will be created- FAQ, Knowledge base, etc.
❖ EOS Support - ZIPCO’s decision to use the EOS blockchain for our core blockchain
infra- structure provides access to all of the tools built or in development by the EOS
team. EOSIO has a huge brand name and a very ambitious plan to support
development on the platform with technical and financial support.
❖ ZIPCO Network Support - ZIPCO will provide direct support for any community,
institutions, developers or businesses interested in joining the ZIPCO community. Our
team is comprised of seasoned business and technical professionals. We only expect
to continue adding more highly qualified individuals in time.
❖ ZIPCO Customer Support - We will hire and train a customer support team providing
live 24/7 customer support for customers, partners, and users.
❖ ZIPCO Incubator - ZIPCO expects to begin gathering funds to support startups
wishing to build on the platform by providing seed funding. Our goal is to create
a process whereby the community can vote on startup proposals and any
approved proposal will receive funding and support to get started.
❖ Customer Base - ZIPCO expects to build a large community over time who are
incentivized through our basic income feature to purchase products and use
services on the network.
❖ Dedicated employee - provides excellent customer service to richen each
person’s trading experience and lifelong Blockchain learning, education, and
awareness.
❖ Blockchain Advisor - understands and captures insights and analytics;
customer needs, ideas, requirements and engages with the back office for
growth and process improvement:
❖ Recruit and train other Blockchain Advisors, Blockchain Networkers, and
Community Managers to monitor our Telegram and other social media forums.
h. Provide education and awareness on blockchain technology and ZIPCO
product offerings for adoption and financial freedom.
i. Build networks and connect with top influencers and government and private
sector officials.
j. Collaborate with the back office.
k. Provide support to ZIPCO customers using an app (to be developed- need
unique ids attached to each Blockchain Advisors) on their IOS and Android
devices.
l. Engage with the government, regulatory bodies, influencers and business
officials and any given time.
ZIPCO FINANCIAL COMPLIANCE PARTNER
ZIPCO has enlisted a “big 4” accounting and consulting firm. We will be leaning on their
guidance in finding us a suitable auditing firm, and guiding us through various financial
compliance issues as we build our financial institution. It is their standard policy to not be
mentioned in third-party business plans, so we cannot name them here.
FUNDRAISING PLAN
ZIPCO intends to raise funds through a series of funding rounds. Our tokens will be sold to
fund the project and allow entrepreneurs and users to participate in the economy.
The ZIPCO token is a true utility token, with intrinsic value to the platform, as it represents
access to network resources like computing power, storage, and bandwidth. It has no other
value or uses outside of the ZIPCO Network. The token is a backed-up asset via the
ZIPCO remittance solution.
The token will be coded according to the standards issued at the release of the open
source EOS blockchain software. ZIPCO may add additional features to the token as
needed to meet the needs of the network and community.
We will continue to seek legal counsel to advise us on the most effective and compliant
way to raise funds for the project. Our initial focus will be accredited investors and
established investment groups.
Through the advice of our legal counsel and the fundraising consulting firm we will contract
with, we will explore additional avenues to try and distribute the token allotment as widely
and diversely as possible. Legal and financial compliance is our top priority.
THE ZIPCO ECONOMY
The ZIPCO Economy holds at its core, the idea that all participants in an economy provide
inherent value.
The sharing economy best describes the core principles of the ZIPCO economic model.
We believe all participants deserve a share in the financial success of the ICO, Exchange
and the Fintech network.
Our goal is to create as many opportunities to participate in the economy as we possibly
can. An efficient economy utilizes its resources in a way that minimizes waste and
maximizes value.
ZIPCO COMMUNITY GOVERNANCE An integral part of any community-driven project is access to information and influence over
the direction of the project. Blockchain has created the first opportunity in human history to
create decentralized governance models. These models operate as decentralized
autonomous organizations (DAOs), in which democratically- arrived-at rules are created
and enforced via smart contracts. The security features and trustless nature of smart
contracts open the door for anonymous and secure voting processes.
We are currently identifying the best existing software solution to allow for direct community
voting on important decisions. There are some EOS voting applications currently in
development, along with Decred and HST, which we are monitoring through contact with
their teams. We believe that increasingly decentralized governance empowers the wisdom
of our people, and thus creates an environment of flourishing innovation and most-rapid
progress.
The initial ZIPCO core team will be tasked with getting the project started and funded.
Although the ideal may be to reach a state of complete decentralized governance, we do
not see it as practical at the outset of a project.
Our vision is to start with a hybrid model, then expand the influence of the community over
time, as we turn the ideas presented in this whitepaper into reality. As a measure of good
faith in our intention to evolve into a complete, community-owned project, we will run a fully
transparent corporation during the start up phase.
A core value of the ZIPCO Foundation is realizing a truly community-owned project. If the
foundation is an independent entity and answers to the community and its elected board of
directors, this provides ZIPCO the infrastructure required to realize such a truly community-
driven project.
However, at present, we must consider the necessity of compliance with existing business
and corporate laws. There are no rules and regulations which currently exist that we can
look to for guidance. Thus we will be creating and improving the model over time as a
community.
ZIPCO COMMUNITY REWARDS As the network and number of users using the ZIPCO exchange and network grows, we
expect to harvest a portion of the network’s financial success and contribute a percentage
of the funds to a community rewards pool. The more businesses and features that are
successfully launched on the ZIPCO Platform, the greater the pool of funds becomes.
This incentivizes users to reach out and encourage their networks to participate in our
platform and aligns the incentives of entrepreneurs, community, businesses, and users to
see the platform achieve success. The rewards pool is a feature we hope to implement in
the future when the economy has achieved prolonged and sustainable success.
.
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THE ZIPCO COMMUNITY
The ZIPCO Foundation (Not For Profit)
The ZIPCO Foundation will be committed to fulfilling our vision and creating a vibrant
ZIPCO community, through the following protocols:
❖ Project Software will be open-sourced, with some potential patent applications
❖ for proprietary technology – all community owned
❖ Decentralized decision making by the community for all macro-economic decisions
❖ Day to day operations, marketing, and general project management executed by core team
❖ Community-owned entity Total financial transparency
❖ Board of directors with 2 representatives from the executive team, 2 elected positions from
the community serving annual or semi-annual terms, 3 recruited individuals with
expertise/experience relevant/necessary to the success of the project, voted on by the
community with a simple majority.
❖ The Board members will be elected annually to continue their service or be replaced by
newly elected members through an annual community vote.
❖ Board will provide guidance and approval for:
a. Executive contracts and compensation
b. All budgets Strategic planning
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ZIPCO GROWTH & ADOPTION
Pre- Launch The realization of ZIPCO’s vision depends on early interest and engagement. However, the
scope of our mission precludes quick delivery of beta models. Therefore, our marketing
team will helm the execution of a lean, responsive strategy to drive early awareness,
interest, and engagement. The strategy utilizes three core tactics:
1 Best Practice Modeling
The blockchain promotion ecosystem has proven channels:
❖ ICO listing sites Native advertising through relevant sites and newsletters
❖ Promotional video – and discussion-seeding on relevant social networks
❖ Telegram, Discord, and Github for turning awareness into interest and action
❖ Driving traffic via paid advertising and remarketing to an optimized landing page with
high conversion rates
We have researched this current best practice marketing mix as utilized by similar ICOs,
including those of the most successful ones. ZIPCO will take the driver’s seat in modeling
and adapting those tactics to full effect.
2 High-Level Branding and Design Consultation
Great startups often fall short of their potential impact, for the simple reason that
their branding seems amateurish, or strikes the wrong note with key audiences.
ZIPCO will engage the services of a firm with proven brand/design success in the
digital space, ensuring positive impact that aligns with our core values.
3 Specialist Partner Engagement
The blockchain promotion ecosystem, despite its current best practice, is also
evolving rapidly. Furthermore, the financial piece of our project calls for partners
specialized in PR for ICO, exchange, banking and fintech sectors. Therefore, we
will be engaging vetted, specialized partners on a limited basis to identify and tap
pre-launch growth in less- traditional channels.
Such channels may include the use of:
❖ Digital press releases and interviews
❖ Outcome-based influencer engagement
❖ Promotional appearances on panels and at events
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The user may use ZIPCO tokens as a mode of payment for the trading fee
will get a discount of 30% compared to the original trading charges.
If the trade receivable is XRP, we will calculate it by the exchange ratio of
XRP to ZIPCO at the market price, which is based on the market price of
XRP/BTC and ZIPCO/BTC. Exchange ratio of XRP/ZIPCO = XRP/BTC
[market price] / (ZIPCO/BTC [market price]). ZIPCO update cycle for the
market price is 1 second
Quantity = 1
Spot rate = $10,000
Actual Trading fee = $4.50(0.0450%)
Discounted Trading fee = $3.50(0.0350%)
Payment Processing Fee
ZIPCO will offer direct withdrawal to the bank account of a user requesting
liquidity in fiat by enabling them to exchange ZIPCO tokens for Fiat on the
levy of a Payment Processing fee of 2.2%.
❖ Email, chat-bot, and social media marketing
❖ Social media marketing and community management for China and other East Asian
countries.
THE ZIPCO BUSINESS MODEL
The ZIPCO business model includes revenue streams coming from commissions
on management and market trading fee as detailed below;
30 % discount on using the ZIPCO token – our token has the utility to act a
method of payment for the trading fee.
TOKEN SPECIFICATION
ZIPCO’s total supply for initial ZIPCO token distribution is 500,000,000 (ZIPCO) tokens
based on EOS standard.
TOKEN ASSUARANCE OR DISTRIBUTION
AIR DROP & BOUNTY
INCENTIVES & PROMOTIONS
DEVELOPMENT TEAMS
ICO
FOUNDERS &LEADERSHIP
SEED INVESTORS
PRIVATE ROUND
PRE-SALE
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TOKEN ALLOCATION TABLE
ALLOCATION PERCENTAGE AMOUNT OF TOKENS
AIR DROP 0.5% 500,000
INCENTIVES & PROMOTIONS 2.5 % 12,500,000
DEVELOPMENT TEAMS 15% 125,000,000
ICO 30% 150,000,000
FOUNDERS & LEADERSHIP 25% 125,000,000
SEED INVESTORS 2% 10,000,000
PRIVATE ROUND 3% 15,000,000
PRE - SALE 20% 100,000,000
BOUNTY 2% 150,000,000
It should be noted that during the pre-launch phase, all ZIPCO stakeholders will be
enthusiastically mindful of organic opportunities to promote early awareness and growth
via word-of-mouth and other interpersonal communications.
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Post – Launch The same lean and responsive strategy will apply to post-launch growth strategy, with an
emphasis on adoption by key users: customers, and early adopters of our revolutionary
ICO, Exchange and Financial Services Platform. In keeping with this strategy, the newly-
established, non-profit ZIPCO Foundation will assume ownership of robust growth and
user retention.
The foundation will be assisted by ZIPCO’s marketing team in this regard, as well as
the maintenance of marketing tactics from the pre-launch phase which has proven
measurable, pragmatic, and sustainable.
Wherever possible, growth targets will be achieved primarily via inbound rather than
outbound marketing. That is to say, the demonstrable achievements and benefits of the
ZIPCO Network will be leveraged to draw awareness and new users.
In this way, our overarching goals of authenticity and integrity will be evident in an
organically healthy community that keeps promotional expenditures under control.
ZIPCO TOKEN PRE-SALE PRICE | USE OF ICO
PROCEEDS
The ZIPCO business model includes revenue streams coming from commissions on management and market trading fee as detailed below;
30 % discount on using the ZIPCO token – our token has the utility to act as a method of
payment for the trading fee.
USE OF ICO PROCEEDS
Legal and Regulation 1000000
Operational Expenses 2500000
Operational Reserves 7000000
Taxes on revenue from token sale
5500000
Research and Software Development 11000000
Marketing and Business Development 9000000
Banking Industry Company Acquisitions and Equity Partnerships 13000000
Pie Chart distribution
Operational Expenses
5%
Operational Reserves
14%
Legal and Regulations
2%
Banking Industry Company Acquisition
and Equity
Partnerships 27%
Taxes on Revenue from Token Sale
11%
Marketing and Business
Development
Research and Software
Development
23%
TOKEN ASSUARANCE OR DISTRIBUTION
ALLOCATION %
(Percentages)
AMOUNT OF
TOKENS
AIR DROP & BOUNTY 2.5 12,500,000
INCENTIVES & PROMOTIONS
2.5 12,500,000
DEVELOPMENT TEAMS 15 75,000,000
ICO 30 150,000,000
FOUNDERS & LEADERSHIP
25 125,000,000
SEED INVESTORS 2 10,000,000
PRIVATE ROUND 3 15,000,000
PRE - SALE 20 100,000,000
TOTAL 100 500,000,000
TOKEN ASSUARANCE/ DISTRIBUTION
250,000,000 45%
Token Percentages
Token Figures 40%
200,000,000 35%
30%
150,000,000
25%
20%
100,000,000
15%
10% 50,000,000
5%
0 0% AIR DROP INCENTIVES & DEVELOPMENT ICO FOUNDERS & SEED INVESTORS PRIVATE ROUND
LEADERSHIP PRE - SALE
PROMOTIONS TEAMS
TOKEN ASSUARANCE/DISTRIBUTION AIR DROP & B O UN TY 2.5 %
INCENTIVES & PROMOTIO
NS 2% DEVELOPMENT
TEAMS 15%
PRE – SALE 20%
ICO 30%
PRIVATE ROUND 3%
SEED INVESTORS 2%
FOUNDERS & LEADERSHIP
25%
Special Note: 35% of team tokens will be released after three months from the end of public round of
Token Generation Event (TGE), 65% of team tokens will be locked for 1.5 years after which there will be
gradual release of the tokens over a period of another 1.5 years.
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What is ZIPCO Token?
ZIPCO token is a digital currency, which aims at improving one of the biggest industries in the world. The digital currency unifies all sectors of the remit industry making financial transactions less costly, safe and seamless. It is the mainstream way to send money using our lowest standard fee, get paid by recruiting your friends, and get free ZIPCO tokens by becoming a member or by just sending more money home. ZIPCOs are highly anticipated tokens to gain in value; while allowing our customers to take advantage of our lowest processing fee and save more money in their pockets. ZIPCO token allows for an easy and accessible payment system for the remit industry. It gives customers freedom to remit and send money from the comfort of their own homes without paying high transaction fees. The ZIPCO token is here to stay and shall act as a substitute to traditional payment methods.
How to buy ZIPCO Token
The ZIPCO token is available to purchase during pre-Initial Token Sale (ITS) and ITS stages or later via our exchange. The payment system is electronic based while the delivery can be made via the ZIPCO token wallet.
ZIPCO Token details
The ZIPCO is an EOSIO token. Similar to other ICO tokens such as EOS, DeaIIN, Avatar, HorusPay, Sense, Iryo, Slant and more, it is a utility token that you can use to enjoy the ZIPCO token’s services. The company has decided to make a total supply of 500M ZIPCO tokens, and has no plans to make any further issuance of the ZIPCO tokens after ITS.
The company will destroy those tokens which are not sold during the ITS sale. Moreover, it has decided to lock tokens reserved for team until 15th December 2019. One ZIPCO token will be equivalent to 0.1 ETH or 0.009 BTC. You must have at least 1000 ZIPCO tokens to make withdrawals possible. During the pre-ITS and ITS phase, the company decides to increase the value of the currency by 1 percent per day.
ZIPCO Token ICO dates ZIPCO token soft cap private pre-sale takes place on 1st April 2019. We have published our MVP, which shows how the platform works. The pre-ITS, especially for new investors, is slated to take place on 22 March 2019 and will end on 21 May 2019 with a 20% bonus of the transacted amount. The initial token sale or Initial Coin Offering (ICO) phases begin:
Phase 1 – 05 May -07 July 2019- 15% bonus transacted amount
Phase 2 – 08 July -23 August 2019- 10% bonus of transacted amount
Phase 3 – 24 August – 23 September 2019- 5% bonus of transacted amount
Phase 4 – 24 September 2019- 2% bonus of transacted amount
This sale will be conducted through our official website: https://zipcx.io
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ZIPCO Token funds allocation Following are the specific areas where ZIPCO token will be allocating funds raised through its ICO token sale.
❖ 30 percent for software development ❖ 25 percent for business development ❖ 10 percent for operational costs ❖ 35 percent for marketing
ZIPCO Token Price The early adopters and initial investors who register at the time of pre-ITS and ITS will be able to exchange their cryptocurrency for ZIPCO tokens. 0.000100 ETH will be equivalent to 1 ZIPCO token.
The registered users can withdraw the ZIPCO token from https://zipcx.io to a private EOS wallet but only after purchasing it. However, they can only transfer the tokens between wallets as soon as ITS period ends.
The ZIPCO Token bounty program ZIPCO token has reserved thirty percent (30%) of tokens for the bounty program right from the very outset of the project.
ZIPCO Token Referral program The ZIPCO referral program works on a smooth customized link that will be sent to the personal account of all those who register to ZIPCO token. The registered users can share this link on other social media networks or websites when they want to invite new people to register for ZIPCO token.
For every referral who purchases a token will be awarded with a bonus having an addition of tokens to the owner’s account that amounts to 10 percent of the invested tokens bought by his/ her referrals.
Airdrop
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ZIPCO token also plans to make a launch of an airdrop during quarter 2 of 2019. The airdrop facilitates extra tokens to all those have kept their tokens hoarded in a wallet. The airdrop is based on how several tokens will be spent on the referral program at the time of pre-ITS and ITS. If there remains a larger than anticipated amount of tokens, the company may also look forward to make a launch of a second airdrop.
Final Remarks
ZIPCO token offers a practical and necessary solution; it aims at an industry, which does million-dollar business, and is already prospering with millions of customers. However, it is innovative and shows plenty of potentialities to increase.
If you too believe the ZIPCO token is unique and may get you benefitted financially if implemented properly, then sign up for the token sale via our official website: https://zipcx.io buy tokens via our 2F authentication and secure accounts. Pre-registration is already open.
COUNTRIES TO BE EXCLUDED IN THE
ZIPCO ICO
Based on the extensive Know Your Customer, Know Your Business and Anti Money
Laundering (KYC/KYB/ AML) that included ID check, citizens, and residents from the
following countries were excluded and prohibited to participate in the token sale.
N.
KOREA
CUBA
S.
KOREA
USA
SYRIA
CREMEA
REGION
REPUBLIC OF CHINA
(EXCEPT HONGKONG, TAIWAN &
MACAU)
THE ARCHITECTURE OF THE ZIPCO
SOFTWARE EXCHANGE ENGINE
1 The trading mechanism- core of ZIPCO Exchange. Refers to a book of warrants,
seeks compliance with orders for purchase / sale, perform transactions and calculates
balances. Without a trade mechanism, the exchange cannot function.
2 User interface (UI) or front end of ZIPCO Exchange website. This is how traders see
our stock exchange. Our interface must be convenient and intuitive;
❖ Adaptive- Android and IOS compatible.
❖ Registration and access to the account
❖ Deposit, maintenance, and withdrawal in the Crypto and Fiat,
❖ View current order book, past transactions, balances, statistics, etc.,
❖ Viewing diagrams, charts, dashboards, etc
❖ Requests for purchase and sale,
❖ Access technical support.
❖ Wallet. The purse is a demo of bitcoins, launched on the server of the exchange.
It stores bitcoins and other cryptocurrency (the exchange operator and its
traders), so it needs maximum security.
❖
3 ZIPCO exchange will introduce a so-called hot / cold purse system for risk diversification. A hot purse is a bitcoin-gateway of the exchange; it allows the client to instantly
withdraw the bitcoins to an external wallet without the need for permission from the
exchange operator. A hot purse should have a positive balance for instant withdrawal,
which can be set in accordance with the turnover of the exchange.
A purse with cold storage is located where the remains of coins are stored. This wallet
is completely self-contained, which guarantees: no one can gain access to the
remaining bitcoin, even if the hot wallet is hacked (so it is always advisable to
postpone a certain amount of cryptocurrency to purses with cold storage).
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ZIPCO shall implement Cold Wallet Storage where up to 95% of wallet value can
be stored for the security of fund. ZIPCO platform will be 100% proprietary and we
will ensure that every single is secure and safe for our customers. We will be SSL
and 2FA enabled, with a 95% cold storage policy on all digital currencies; and we
will run multiple encrypted and distributed backups every day.
❖ Encrypted Cold Storage
❖ Two-three Factor Authentication
❖ Collaborative Security with Cloudflare
❖ Collective Intelligent Threat Detection
❖ Global Load Balanced Network
2 The administration panel. This helps the ZIPCO Exchange admin to manage
the exchange and control it. Functions should include:
❖ Change in liquidity,
❖ Editing the spread and trading fees,
❖ Confirmation of user accounts, after checking KYC or other requirements,
❖ Management of currencies such as BTC, USD, ETH, etc. And markets such as USD / BTC, BTC / ETH, ZIPCO, etc.
❖ Crediting of fake deposits or debiting the withdrawal of funds requested by users
❖ Appeal to requests for technical support.
ZIPCO EXCHANGE ARCHITECTURE The ZIPCO Exchange is designed to operate at low latency, high throughput, maximum
uptime, and fault-tolerant, ensuring that the platform delivers a seamless and uninterrupted
training experience to its users.
**ZIPCO’s digital exchange shall implement a hot / cold wallet system that
provides an ideal balance between security and convenience.
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ZIPCO EXCHANGE FEATURES | Non-Functional
Requirements
ADVANCED APIs AND FINANCIAL
NTEGRATION ZIPCO advanced APIs promise to give the users a hassle-free trading experience. It will
allow them to get connected to FIX, Rest, Binary, WebSocket, and third-party custom APIs.
This architectural design will also enable integration with banking, payment gateways, and
settlement.
EFFICIENCY AND PERFORMANCE
ZIPCO market exchange trading platform is a proven fast, high-volume and low- latency
exchange engine. This exchange platform will be hosted on high availability IT infrastructure,
thus, enabling fault-tolerant architecture with guaranteed 99.995 percent uptime. In order to
provide a fault-tolerant architecture, a standby instance setup has been planned with active data
replication. This standby instance will start as an active instance, in case the primary exchange
goes down due to any reason.
Active geo- replication will provide database redundancy and a low-latency platform for the
end- users. A geo-targeted load-balanced environment for the trading front-end has also
been planned for deployment.
Develop a ZIPCO Trade Engine which delivers a speed of 100 Million plus transactions
per second with a latency of 40-50 ns.
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THE ZIPCO TOKEN The capital that participants use to purchase the ZIPCO tokens during presale and all
phases of the ICO is a voluntary purchase to ZIPCO for the purpose of financing the
construction, commissioning and maintenance of the ZIPCO platform. For this purpose, the
participants will receive ZIPCO tokens as described in this whitepaper, which entitles them
to participate in the ZIPCO platform when this platform is put into operation.
The participants in the ICO- all phases must be aware that, despite the great efforts of the
ZIPCO team to keep the project alive and viable, they can lose all the money they have
used for purchase and are not reimbursed, especially because the ZIPCO platform is not
put into operation for some reason. Consequently, it is possible that the ZIPCO token will
never have a value.
In addition, the ICO may be terminated for any reason, at the discretion of the ZIPCO
team, and it is possible that the ZIPCO token may be subject to regulatory investigation
and regulation. There is no legal claim of any kind on the loyalty bonus of the token
holders. In particular, the ZIPCO token does not represent a right to participate in the
course of business or profit. The ZIPCO token does not confer membership rights to
ZIPCO, ZIPCO Remit, the ZIPCO Exchange platform and or companies affiliated with
ZIPCO. Compensation of any kind shall be on a voluntary basis and at the discretion of
ZIPCO.
The formulas or information listed in this whitepaper regarding the calculation of any
remuneration are to be understood as a possibility only and do not give rise to any legal
claim. The only and exclusive right of ZIPCO token holders is to use the services of the
ZIPCO’s platform.
Furthermore, it is important for the participants to know that they have no influence
whatsoever on the activities of the ZIPCO team or ZIPCO Remit company, including the
allocation of the purch resulting from the ICO, which can also be used for commitments
entered into prior to the ICO or for the remuneration of special services provided by
participants in the ZIPCO’s project.
The use of the funds is at the sole discretion of ZIPCO and its team, which, to the extent
permitted by law, exclude any liability to ICO participants.
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ZIPCO will use the industry best practices in terms of security measures and designed our
platform to include top-level security features to safeguard both the client’s funds and trading
operations from hostile penetration attempts. Some of the key security features include:
Secure cold storage with cold wallet management Cryptocurrency Security Standard (CCSS).
❖ Third-party security line by line code audit.
❖ Insurance of online/hot wallets.
❖ Up to 3-Factor Authentication.
❖ Multi-Firewall Protection.
❖ DDoS prevention.
❖ OWASP Top 10 Compliant.
❖ Extended Validation SSL Certificate.
MONITORING AND CONTROL
Processes play a major role in delivering business values. ZIPCO will ensure highest level
uptime and availability of IT infrastructure by applying IT industry’s best processes which
include:
❖ Change Management
❖ Problem/Incident Management
❖ Case Monitoring
❖ Customer Support
Due to poor customer service, ZIPCO shall implement an end to end customer support delivery
model to support customers 24/7. Customer service is an essential part of our company with
human, an e-mail, and telephone service that will be available around the clock. This is how the
user requests can be addressed promptly.
SECURITY MEASURES
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ZIPCO ROADMAP
Project Initiation and Engagement
Market Analysis
Company formation
Whitepaper creation first draft
(Business) ICO design
ZIPCO Exchange design
ZIPCO Remit design
Q1-Q4
2018
Q1
2019
ICO launch
Community Development &
Engagement
Project Add-ons
ZIPCO blockchain
development
Platform Re-design
Cont. Process Improvement
ZIPCO Exchange full version
Q4 2019
Q1 2020
ZIPCO Remit launch
EOS Smart Contract Creation
EOS Wallets Creation
Community Development &
Engagement
ZIPCO remit Integration
Q2-Q3
2019
Q3-Q4
2019
ZIPCO Exchange launch
ZIPCO Blockchain development
Community Development &
Engagement
ZIPCO Institute of Technology “ZIT”
online launch
Cont. Process Improvement
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Risks and Rights of ICO Participants Purchasing ZIPCO- Tokens involves a high risk, including but not limited to the risks
described below. If these risks or the project are not fully understood, participation in the
ICO should be avoided. It is recommended that all information and risks described in this
whitepaper be carefully studied, reviewed and weighed before purchasing ZIPCO tokens.
This applies in particular to the risk factors listed below. ZIPCO accepts no responsibility or
liability whatsoever for any damage that is directly or indirectly caused or suffered as a
result thereof, insofar as legally permissible.
Dependence on the computer infrastructure
ZIPCOs’ dependence on functioning software applications, computer hardware, and the
Internet implies that ZIPCO cannot give any assurance that a system failure would not
affect the use of your ZIPCO tokens.
Despite the implementation of all reasonable network security measures by ZIPCO, the
processing center’s servers are vulnerable to computer viruses, physical or electronic
burglaries or other similar disruptions. Computer viruses, break-ins or other disruptions
caused by third parties may result in interruptions, delays or suspensions of services which
would restrict the use of the ZIPCO tokens.
Smart-Contract Restrictions The smart-contract technology is still in an early stage of development and its application is
experimental in nature. This can involve significant operational, technological, regulatory,
reputational and financial risks.
Although the audit carried out by independent third parties increases the level of security,
reliability and accuracy, this audit cannot therefore serve as a guarantee, including the
express or implied warranty that the ZIPCO Smart Contract is fit for purpose or that it does
not contain any errors, vulnerabilities or problems that could cause technical problems or
the total loss of ZIPCO tokens.
Regulatory Risks Blockchain technology, including but not limited to the issuance of tokens, may constitute a
new concept in some jurisdictions that declare existing rules applicable or introduce new
rules on blockchain technology.
Tax Token holders may have to pay taxes associated with transactions with ZIPCO tokens. It is
the sole responsibility of the Token Holders to comply with the tax laws of their respective
jurisdictions and to pay all necessary taxes.
Force majeure The ZIPCO service may be terminated, interrupted, suspended or delayed due to force
majeure. For the purposes of this whitepaper, force majeure is considered to be
extraordinary events and circumstances that could not have been foreseen or prevented by
ZIPCO and include such events and circumstances: Natural disasters, wars, armed
conflicts, mass unrest, industrial action, epidemics, lockouts, slowdowns, persistent
shortages or other failures of energy or communications services, acts of local, state or
state authorities, other circumstances beyond the control of ZIPCO.
Disclosure of Information The personal information received from the ZIPCO token holder, the number of tokens, the
addresses used and other relevant information may be disclosed to law enforcement and
administrative authorities and other third parties where ZIPCO is required to disclose such
information. ZIPCO can at no time be held responsible for the disclosure of this information.
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Value of the ZIPCO Tokens After the purchase, the value of the ZIPCO tokens can fluctuate considerably and even
drop to zero for various reasons. ZIPCO does not guarantee a specific value of the ZIPCO
tokens at any time.
ZIPCO is not liable for a change of the ZIPCO token value. Assumptions regarding the
foregoing include, among other things, judgments on future economic, competitive and
market conditions and business decisions, most of which are beyond the control of the
ZIPCO team and are therefore difficult or impossible to predict.
.
The ZIPCO team cannot give any assurance that the forward-looking statements contained
in this whitepaper will prove to be accurate. In view of the considerable uncertainties
contained in the forward-looking statements, the inclusion of such information cannot be
interpreted as a guarantee by ZIPCO or any other party that the objectives and plans of the
ZIPCO project will be successfully achieved. Please note that ZIPCO token may be subject
to other risks that are not currently foreseen by its team.
wy
ZIPCO CORE TEAM
The ZIPCO team boasts of a massive wealth of relevant IT, Business and Fintech/banking
experience, a proven track-record in successful ventures, and most importantly, a shared faith
in remittance and blockchain technology; and its transformative benefits.
CATHRINE (Kim) CHIVHIMA| MBA | CEO | PRESIDENT
|CAMLO
https://www.linkedin.com/in/cathrine-kim-c-b5513113/
Extensive experience in remittance and KYC/AML space from system design and development to requirement gathering. Blockchain, ICO and Cyrpto evangelist, enthusiast and an early adopter. Supports ongoing ZIPCO Remit business strategies and operational initiatives. President and CEO of Mortgage Consulting Solutions (MCS) and other startups delivering high-definition IT services and solutions.
Kim is a passionate leader with keen interests in remittance & blockchain technology, adoption, education & awareness. She has a passion for bringing in the lowest standard remit fee remit coupled by mid market rate for FX to the emerging markets of Africa and beyond using P2P, web app, smart contracts and cutting edge technologies Kim believes these new ways of putting the technologies together will change the world of business, reminiscent of how the internet changed the distribution of information. Kim consults businesses, individuals and communities helping them understand their real remit problems and recommend options
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TAWANDA TORE | COMPLIANCE | AMLO |
COMMUNITY LIAISON OFFICER https://www.linkedin.com/in/tawanda-tore-97025791/
Blockchain evangelist, serial trader and Community leader who believes in building successful communities by providing excellent customer service, recruitment, education, credibility, visibility and awareness of blockchain. Experienced Anti Money Laundering (AML) Compliance Officer; designs ZIPCO AML policies, manuals and procedures. Inspired remit, ICO, and cryptocurrency enthusiast. Drive for blockchain awareness to mass adoption with his community and beyond. Substantial experience in Logistic services, operations, and management.
HERMANN DJOUMESSI: MA | FINTECH SOCIAL
MEDIA OFFICER | SENTIMENT ANALYST | FINTECH
BLOGGER
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https://www.linkedin.com/in/hermanncm/ Experienced Fintech/crypto and blockchain Social Media Management executive and a senior blockchain consultant. Founder of ADMP- an Africa's prime Fintech & Crypto-Startup News Feed. Fluent in English and French. Accomplishments- ADMP is in the TOP25 BEST BLOG for Founders and CEO, to WATCH of 2018!! Ranked by marketing CRM giant, #FieldBooM! ADMP awards is in the TOP100 Award-winning BLOG, by Feedspot (San Francisco, California, USA) Hermann is highly driven and results oriented professional who understands what it takes to engage and collaborate with customers on social media. He is passionate about organic growth and grassroots support; education, awareness and bringing financial inclusion, technology and accessibility to those folks who need it the most; especially in the blockchain and remittance space.
“LEKATO” ATOYEBI OLALEKAN | B.A
AGRICULTURE & ECONOMICS
MARKETING| BLOCKCHAIN EXPERT| CRYPO
ANALYST| BOUNTY & AIRDROP PRODUCT
MANAGER | CONTENT WRITER | COMMUNITY
LIAISON https://www.linkedin.com/in/lekato-lekato-530b3415b/ Extensive Marketing, content writing, blockchain, bounty & airdrop product management; and crypto analysis. Solid Community liaison professional that enjoys building communities, providing awareness and education around remittance, smart contracts, P2P technologies and web apps to ordinary people.
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VISHAL SAVALIYA | BLOCKCHAIN DEVELOPER &
CONSULTANT | GROWTH HACKER |FULLSTACK
DEVELOPER https://www.linkedin.com/in/vishal-savaliya/
10 years of wholistic knowledge in full stack development,
IT solutions and blockchain development.
Solid experience building successful ICOs, Exchanges,
Remittances and CEO of Laxmisoft, Web Entrepreneur who
loves all things business, internet and technology.
AMOS SANI; MBA | CPA | CMA:
REMITTANCE | BLOCKCHAIN PROMOTER |
RADIO, DIGITAL & TV BROADCASTER https://www.linkedin.com/in/amos-sani-mba-cpa-cma-358b8616/ Bilingual Executive and Professional Accountant with traceable record for
delivering results and proven experience in Financial reporting, Analysis,
forecasting, Budgeting, Cash management, HST/ GST, T4, T4A, Government,
Remittances, Strategic Marketing, Radio, TV Broadcasting and Project
Management.
Amos enjoys spending time with his family, building relationships, creating Africa 2.0, community engagement, volunteering, and promoting innovative products via his network.
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ALBERT ARTHUR BROWN; MSC | GHANA
COUNTRY MANAGER |EXECUTIVE
BUSINESS DEVELOPMENT OFFICER https://www.linkedin.com/in/albert-arthur-brown-275765a/ Albert has a passion to use technology to solve problems. He is currently on a mission to educate families on financial literacy. He believes in empowering people to make own decision, hence very aligned with our mission to provide education platform to educate consumers. Albert is a leader in IT and Finance with over 15 years in industry experience. He experiences spans across multiple industries including finance/insurance, Oil and Gas, Education, research and manufacturing to mention a few. Albert will bring his passion and experience in stakeholder management to bear to help expand our education and awareness campaign on remittance, ZIPCOR™ – our web app and financial literacy. He will be an integral part of our expansion campaign to bring affordable remittance solutions to targeted African markets mainly Ghana.
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AUGUSTINO LUCANO; BA | SOUTH
SUDAN COUNTRY MANAGER
|COMMUNITY LIAISON & COORDINATOR South Sudanese community leader on grassroots self-governance. A true remittance sender and leader was born with a drive to uplift the disadvantaged markets via volunteering, providing awareness and education around ZIPCO solution that provides low fee, convenience, reliability and fast service in the money transfer business to the emerging markets of Africa and beyond. Augustino left South Sudan at the age of 14 years on foot to Kenya escaping the civil war in SS. At the age of 17 he landed in Canada all by himself and been supporting family displaced by war ever since. He sends money monthly to family in SS, Kenya, Uganda, DRC, Ethopia, etc. “The cost of sending money back home is just too high and the community is looking for options. Meeting ZIPCO Remit founder, Kim Chivhima during a community event was an eye opener. Being part of a company that is a community driven is my calling. The solution is brilliant and actually can solve our current money transfer costs. The SS community has been waiting for options like these and once people realize the value and benefits ZIPCO Remit brings to the community, then this is a game changer and disruptor of the current remittance systems. They failed the poor in so many ways” Augustino is an experienced Social worker with over ten years of experience working with students and their families to support their transition to life in Canada. Possesses a Bachelor of Social Work.
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FRANSESCO ISACK MALILA | BSC
ENGINEERING IN ELECTRONICS &
COMMUNICATIONS
DATA SCIENTIST| AI |ML |FULL STACK
DEVELOPER| BLOCKCHAIN DEVELOPER |
CYBER SECURITY SPECIALIST https://www.linkedin.com/in/fransesco-malila-68b346158/ An experienced IT professional and a passionate software developer with keen eye to BIG Data, smart contracts, security, networking and project management. Extensive hands on experience using Ionic Framework and Cordova, building Hybrid Mobile apps, IT Networks, Infrastructure. Hands on experience on penetration testing, code testing, vulnerability testing Solid grasp on Machine Learning, Predictive Analytics, Blockchain, Distributed systems (Hadoop and Spark), Database (SQL and NoSQL), Python, C, C++, HTML, CSS, Mongo DB, JavaScript, PHP, Python, Ruby, Ruby on Rails, MySQL, NodeJS, Angular6, Sockets, Express, React and React Native, CSS, Ionic skills. Dashboard Visualization with Qlikview, ICOs, smart contracts- Ethereum, Bitcoin, EOS, Hyperledger, decentralized apps. During spear time Fransesco enjoys learning other cultures, volunteering and building Deep Learning Technologies.
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ZIPCO LEGAL MINDS & INTERPRETATION OF LAW
KUDZAI CAROLINE TANDI: BACHELOR OF LAWS
(HONOURS) DEGREE (LLBS) | LEGAL COUNSEL
https://www.linkedin.com/in/kudzai-caroline-tandi-
90502b116/
Kudzai is one of the two founding partners of Mangwiro Tandi Law, a small commercial law practice based in Harare, Zimbabwe and is also the Managing Partner. She holds a from the University of Zimbabwe, a Post Graduate qualification in Advanced Corporate Law and Securities Law from the University of South Africa (UNISA) as well as a Post Graduate Diploma in Applied Taxation from the Institute of Certified Tax Accountants (ICTA), Zimbabwe. Kudzai’s law practice is biased towards various aspects of commercial and civil law as well notarial and conveyancing work, all which she enjoys. She additionally also sits on the Boards of Island Hospice and Healthcare and the German School Society as a non-executive board member and is also a member of the Rhodesville Catholic Church Parish Council.
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EMMANUEL BUTARE: LLB (Hons), LLM POST
DIPLOMA IN LEGAL PRACTICE | CERTIFICATE IN
GLOBAL ARBITRATION | INTERNATION OF
BUSINESS STUDIES
https://www.linkedin.com/in/emmanuel-butare-llm-
a0053844/
Butare is the Managing Partner and one of the founding Partners of MRB Attorneys. He holds an LLB (Hons) of the National University of Rwanda (NUR), LLM Ottawa University, a Postgraduate Diploma in legal Practice of the Institute of Legal Practice & Development, and a Certificate in Global Arbitration from Hamline University School of Law, Minnesota, USA in conjunction with International School of Business Studies, Queen Mary University, London. He has worked as a Principal State Attorney at the Rwandan Ministry of Justice. Butare has handled big cases through litigation, mediation and or Arbitration. He also served as a Secretary to the Commission on out-of-court settlement of disputes against the government of Rwanda. He was part of the team that negotiated the Declaration for the launch of the Tripartite Free Trade Area negotiations between the EAC, COMESA and SADC. Butare has been involved in different high profile advisory work including insolvency as receiver for SOPROTEL Ltd. Emmanuel has got vast experience in research, training management and academia having worked as a Lecturer and consultant with the National University of Rwanda; and as a trainer for the Institute of Legal Practice and Development (ILPD). He is a member of the Rwanda Bar Association, the East Africa Law Society where he serves as a council member and Vice President – Strategic Litigation. He is also a member of the Pan African Lawyers Union.
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NICHOLAS WAMBUA NGUMBI: LL.M| POST
GRADUATE DIPLOMA IN LAW | (LL.B) | CERTIFIED
PUBLIC ACCOUNTANT- KE
https://www.linkedin.com/company/nicholas-
ngumbi-advocates/about/
AWARDS & RECOGNITION H.J.Heinz Fellow (awarded by the Global Studies Centre at the University of
Pittsburgh, U.S.A).
The CALI Excellence for the Future Award (from the University of Pittsburgh
School of Law – awarded to the best student).
World Bank Certificate of Appreciation for participation in World Bank’s Doing
Business Surveys (e.g., “Doing Business 2013: Smarter Regulations for Small
and Medium-Size Enterprises” report).
Lecturer-at-Law (CUEA Law School) (I teach Capital Markets Law, Contracts
Law & Civil Procedure).
PROFESSIONAL MEMBERSHIPS:
Advocate of the High Court of Kenya
Member of the Law Society of Kenya.
Member of the American Bar Association (LL.M).
PUBLICATIONS
ICLG, Competition Litigation in Kenya 2017
ICLG, Competition Litigation in Kenya 2016
Global Legal Insights, Corporate Tax in Kenya 2016
Energy Antitrust in Kenya (LL.M Thesis, University of Pittsburgh School of
Law, 2014).
World Bank Doing Business Surveys
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ZIPCO ADVISORY TEAM
PAIGE (PADRON) MILES: CGA | CPA | CIA |
FINANCE & AUDIT ADVISOR
https://www.linkedin.com/in/paige-miles-cga-cpa-cia-b3674136/
Paige has over 15 years experience in the areas of finance and audit, in private and public sectors. In her spare time, Paige loves to spend time with her children and volunteering in her community giving back to her community.
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SEAN MONAGHAN: MBA, CCP, CGMA, CMA,
CPA |FINANCE & ACCOUNTING ADVISOR
https://www.linkedin.com/in/sean-monaghan-212b1012/
Sean is a skilled leader who drives business improvement initiatives, ERP implementations and enhancements, and creates efficient supply chain models. He is a passionate leader who believes in mentoring and coaching others to maximize the full potential of an organization. He is an experienced business executive with the technical knowledge and understanding of international business, manufacturing, telecommunication, supply chain and distribution industries. He believes in giving back to the community and to the professional organizations he is a member with. He is a current board member for the non-profit Airdrie Housing Ltd. and the Credit Institute of Canada Audit Committee, and a past member of the Certified Management Accountants Society Discipline & Appeal Tribunal, Professional Conduct and Discipline Committee, as well as the City of Airdrie Finance Advisory Committee. Sean is a family man and loves to spend time with his family, especially travelling around the world with them on new adventures.
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WAYNE LOGAN: | LEGAL COUNSEL ADVISOR https://www.linkedin.com/in/wayneloganmt/ Wayne brings extensive expertise and knowledge in the legal space. He has been working in the entertainment industry all of his life: first as a musician and for the past thirty years as an entertainment, sports and intellectual property lawyer. He is extremely good at what he does, big influencer and high level business connections around Canada. Working with celebrities began in 1987 with Mr. and Mrs. Hockey - Gordie and Colleen Howe. This led to working with other Hockey Hall of Famers, many Canadian Olympians, TV and radio talent, adventurers, actors and authors - generally assisting them with their contracts, publishing, endorsement, sponsorship and business transactions.
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SIMON COCKING | BLOCKCHAIN AND
CRYPTOCURRENCY EXPERT & ADVISOR https://www.linkedin.com/in/simon-cocking-20540135/ Provide strategic guidance to the marketing team and media coverage. Simon is a global leader and influencer within the blockchain space and enormous expertise to make the ICO a success.
• Ranked #16th/top 200 Global Fintech Influencers on Twitter 2019
• Top 8 Irish Tech Journalists to Follow on Twitter
• Top 7 ICO advisors of 2018
• #1 Top Ranked Member of Global list => People of Blockchain
• 22/101, Top Global Influencers in Global Banking Innovation
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STRATEGIC PARTNERS
MEET OUR ZIPCO PARTNERS
MORGATE CONSULTING SOLUTIONS | http://morgatesolutions.com/index.html
| https://www.millerthomson.com/en/our-firm/offices/calgary/
| U of Calgary: https://www.ucalgary.ca/
2 Factor | https://2factor.in/
Video Jeeves | https://www.videojeeves.com/
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CONTACTS
To learn how you can join the ZIPCO community and leverage our platforms to start trading in
digital currencies, please reach us at:
http://www.zipcx.io
Reddit: https://www.reddit.com/user/ZIPCOexchange
Telegram: https://t.me/ZIPCOexchange
Twitter: https://twitter.com/ZIPCOexchange
Facebook: https://www.facebook.com/ZIPCO-Exchange-2205861812988417/
Instagram: https://www.instagram.com/ZIPCOexchange/
Linkedin: https://www.linkedin.com/company/Zipcoin/
YouTube: https://www.youtube.com/channel/UCu685G0VSk-F07CefsOHyNQ
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