Review on Zerobank by gregori cordova
this project tried to deceive users by offering alternatives that they could not fulfill
Eliminating intermediaries from financial systems is the main objective of most cryptocurrencies, but as the number of cryptocurrencies on the market rises, it also brings with it a problem, especially when exchanging them with the hundreds of fiat currencies that exist, something that especially affects the travel industry in which it is necessary to implement an easy, reliable and cheap currency exchange model.
This is where Zerobank intends to work, but it is a very ambitious task and not very easy to achieve. It is generally a multipurpose platform, with the possibility of exchanging cryptocurrencies, storing them, transferring money P2P, using its ZB token, which is an ERC-223 token, one of the first created in this standard on the Ethereum chain. It had its own app, where you could even exchange cryptocurrencies in local currency, through the p2p otc function through Smart contracts using ZB as a guarantee, and it provided the user with multiple advantages when traveling
For this current token, a pre-sale was carried out in an ICO in July 2018 where about 640 million ZB tokens with a value of $ 0.40 were sold
Zerobank wanted to eliminate banks, and allow users to pay easily without intermediaries, through its token, but all its ambitions did not have a happy ending, since they were accused of falsifying a lot of data, just to attract users. These data included having sold more than 640 million tokens, having a daily trading volume of 85 million dollars, or being listed on some famous exchanges such as Hotbit. In addition, its website is closed as well as its social networks, and its creators are a mystery.
Today it is very common to find this type of project that aims to solve many problems of other cryptocurrencies or the financial system in general, in order to attract more clients, but they do not succeed because many users already recognize when a project offers clear alternatives or when no.
Pros
- nothing good to say about this project
Cons
- They tried to solve a common problem when traveling and exchanging cryptocurrencies for fiat money, but they did not have good intentions
- Their website as well as your social networks are closed
- They failed to have popular support
- They inflated a lot of data to attract users
- It is not listed in any Exchange as they used to say
- The ZB coin is not even listed on Coinmarketcap.
