ZAMZAM Blockchain BANK – Banking Solution Based on Blockchain Techn...

INTRODUCTION

The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects.

Cryptocurrency is the latest innovation in the field of digital currency making technology. This technology uses cryptography for security which makes it impossible to fake. The value of cryptocurrency prices is largely determined by the purchasing power and sales of users of this technology.

Cryptocurrency is highly developed by various companies and teams of engineers in various parts of the world. Even Google Ventures also invests in one of the cryptocurrency technologies.

According to my observations to date, there are more than 500 cryptocurrency recorded based on my monitor on the coinmarketcap.com site. Where some cryptocurrency has different concepts and some have concepts that mimic other coins.

Because the value of cryptocurrency purely based on buying and selling power is not guaranteed by anything; Cryptocurrency often has a value of more than 20% in a day.

Today I will inform all friends about the new innovation platform, in the field of cryptocurrency, Decentralized and Computerized Banker Engine of ZamZam.

Many interesting features launched by the ZamZam, below I will explain one by one.

WHAT IS ZAMZAM ?

Zamzam presents a progressive ecosystem of financial relationships between people, organizations, and government. The main principles of the project are ease of use, transparency, and full user control over their funds.

Cryptocurrency market problems:

Technological admittance barrier

Cryptocurrencies are far from the technological simpleness offered by traditional money. That is why they are neglected by most users.

Business adaptation

Business processes in cryptocurrencies are not optimized. A habitual bank client is needed for a businesses to speed up and simplify crypto calculations.

Market legalization

But even a bank-client does not ensure the openness of the crypto market for businesses. The legalization of cryptos is the only term that can lead businesses into cryptocurrency markets.

Zamzam provides 3-fold scaling of the cryptocurrency market user audience by providing innovative solutions for users, businesses, and governments.

Clear and secure method of transfer and storage of money for users. Integration of governmental services and bank-clients has been developed for businesses. These innovations make it convenient and legal to do business using cryptocurrencies.

SOLUTION FROM ZAMZAM

Crypto transfer by phone number

Zamzam simplifies the use of cryptocurrencies. Users can send fiat and digital money anywhere in the world just by indicating the recipient’s phone number . The recipient’s crypto wallet will be generated at once.

Bank-client for business

A cryptocurrency bank client allows users to pay bills, maintain a transaction history, give salaries to staff and taxes to community regulators, delegate usage of the company’s cryptocurrency account to accountancy firm and staff of the business much like an usual

bank customer Integration of authorities and business Companies are prepared to operate found in cryptocurrencies only when it really is legal. Subsequently, governments make an effort to create transparent relations with businesses. Zamzam is creating a lender customer API for fiscal authorities and produces authorities and businesses available to each other.

Integration of authorities and business

Businesses are prepared to operate found in cryptocurrencies only when it really is legal. Subsequently, government authorities make an effort to create transparent associations with businesses. Zamzam can be creating a lender customer API for fiscal authorities and will make businesses and government open to each other.

ZAM.EXCHANGE

Zam.exchange is an intelligent currency conversion system that offers the most favorable exchange rate without a spread (the spread is the difference between the rate of purchase and the rate of sale). Zamzam is creating a future, where people can access banking services quickly, safely and without intermediaries. The zam.exchange module is integrated into the zam.wallet multicurrency wallet (you can learn more about the zam.wallet here).

Available exchange operations in zam.exchange include Fiat / Fiat, Cryptocurrency / Cryptocurrency, Fiat / Cryptocurrency, Cryptocurrency / Fiat.

HOW DOES THE ZAM.EXCHANGE WORK ?

The Zam.exchange connects to the largest traditional forex trading platforms through a special software using the FIX protocol, the international standard for exchanging data between participants of exchange trades in real time. The Zam.exchange connects to most crypto exchanges through the open source Wrapper API, which was developed by the Zamzam team and allows users to automate the receipt of requests from exchange servers. The module is able to connect to the largest platforms by interacting with them through a single interface and preserving maximum performance, security and flexibility.

The module works with Machine Learning with the following tasks:

1.- Analysis of user applications

2.- Monitoring of a set of cryptocurrency and forex exchanges, connected by API

The Zam.exchange analyzes all user requests and selects the most profitable platforms for performing sales operations with the lowest price for the user. We will publish a separate Roadmap on how to use Machine Learning.

HOW DOES IT WORK ZAM. WALLET ?

The Zam.wallet is a protected, multipurpose wallet with a user-friendly and functional interface.

It plays a key role in the Zamzam ecosystem by serving entities.

The main tasks of zam.wallet:

1.- Generation of necessary wallets (at first for cryptos and later for fiat money) and its safe storage

2.- Internal transfers between clients and withdrawal to external wallets

3.- Currency conversion by a separate module that is integrated with zam.wallet

HOW DOES IT WORK?

Zam.wallet can be used by users of Web, iOS and Android devices. During registration a user types in his phone number and password. The user generates additional wallets for needed currencies, as necessary. Encryption and decryption are provided only with user passwords.

When sending a transfer, only a recipient’s phone number is needed. As an alternative, the user could specify a crypto wallet address. If a recipient has not yet registered in Zamzam database, a unique hash link is generated for such a user. The user gets an SMS that a current amount of money has been transferred to him and he has to register in the system to get them.

WHAT SHOULD A RECIPIENT DO ?

Install the application or go to the website
Register
A recipient will find the funds in the User
Account and can use them if the transfer amount is less than $200
Pass the KYC procedure (later, if the transfer amount is more than $200)
Interaction with blockchain nodes is done through the Json-RPC API microservice Wrapper written in Golang.

The Zamzam technical team headed by Andrew Skurlatov has approached the development of the wallet from the aspects of usability and ease of convenience for platform users.

ZAM TOKEN

The ZAM Token is Zamzam blockchain bank’s internal currency used to pay transfer fees, buy ZAMZAM products through the application, etc . The ZAM is a standard Stellar utility token. The Tokens are issued in the originally declared volume, additional emission of ZAM Tokens is not planned. The Tokens are intended for payment of the platform’s services. They can be converted into AEDZ stablecoins and fiat currencies.

ZAMZAM MARKETING TOKENSALE

Token Name: ZAM
Blockchain platform: Ethereum
Token standard: ERC-20
Presale Date: Oct 22 - Nov 5, 2018
Token type: Stellar utility token
Total Token Supply: 8, 500, 000, 000 ZAM
Token Price: $0, 02
Sale Date: Nov 5 - Dec 3, 2018
Accepted cryptocurrencies: ETH, BTC, XLM
Total amount OF Zam tokens for sale: 65%| 5.525 000 000 ZAM | $ 110.500,00 at face value
Soft cover: $ 11 100,000
Hard cap: $ 55 400 000
Accepted cryptocurrencies: ETH, BTC, LTC
ZAM Tokens will not be supplied after the ICO ends. During the ICO, the tokens are displayed in the investor’s personal account and sent to the wallet after completion of the ICO.

CONCLUSION

A little extra from my personal advice for those of you who like to invest in the world of crypto currency in the altcoin section, you better immediately invest in ZamZam tokens.

Tokens generated by ZamZam, because these tokens have very good potential price increases in the future, many tokens are released by their own platforms, have a price increase, and many are attracted by cryptocurrency traders in the world.

I think if you don't invest your funds into ZamZam tokens,

On the other hand you don't need to worry if you have ZamZam tokens, ZamZam tokens have a good place to exchange on the best exchange website after ICO runs out. and I think you get ease, for that my next suggestion, this token can hold in the long run. my prediction is ZamZam tokens, the price will soar in the future.

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