Omar Chen, the ZB CEO, does not show up very often in the public space. There was a recent AMA on “Why does ZB.com, which is one of the Top 5 platform tokens of CMC’s annual report, burn 1.4 billion tokens?”
Omar Chen, in response, stated, “Everyone only sees burned without talking about repurchases. It is a misunderstanding. A reasonable model is to calculate the price-earnings ratio based on the repurchasing strength of the tokens circulating in the market. ZB is the mainstream platform with the largest repurchase intensity. We can see that since the launch of ZB, we have repurchased a total of 269 million.”
He further justified the deflation mechanism stating that 100% of ZB tokens will be burned. 25% of the currency transaction fee is repurchased by ZB and burned. ZB tokens are earned by voting for listing.
ZB Token is the token catering to the transactions facilitated in the value-added services and privileges scheme on the ZB exchange. The ZB token is issued on Ethereum ERC 20 protocol. The ZB token is set to be launched in a public ZB chain in the future. The token is used in several scenariosin the ecosystem, and it supports all the ZB Global business and products.
The value of the ZB token is deducted as trading fees, regular repurchase, get airdrop token, ZB User Protection Fund, and for trading on ZB.com. About 40 million ZB tokens are used for the ZB user protection fund to protect user assets and profits.
ZB Token tweeted: “In the first 5 years, ZB.com will take 25% of the trading fees each month to repurchase ZB tokens in the market, the 5th to 10th year that will be 15% and after 10 years that will be 5%. The repurchased ZB token will be locked into ZB User Protection Fund.”
Sydney Ifergan, the Crypto Expert, tweeted: “The blockchain layer is the core part of the ZB Token, and it is set to bring a disruptive impact in the financial services industries.”
The Zero Bank multipurpose cryptocurrency platform can be used to design financial applications like storing, spending, and trading tokens and coins.
ZB token is tradable with commission. It is easy to exchange money anytime, anywhere. It is easy to transfer money within the ecosystem. It is considered to be the most powerful multipurpose token meant for smart investors.
The potential of Zero Bank lies in that it makes use of the blockchain technology and smart contracts in combination with the power of sharing economy. The team of experts backing the Zero Bank bring idea to life. A lot of businesses and developers are buying into the ZB token ecosystem. The user base is active for the ecosystem, and it is going to disrupt the industry in one way or other.
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