Thanks a lot for actively participating in the ZigZag Finance AMA held on 2nd October 2020 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with ZigZag

We have with us YO MI

We launched ZIGZAG 2 years ago. We are not building a complex system with all kinds of smart contracts.  An online business has a very clear task - to ensure easy flow of money for users.  We are building a system that makes it easy to replenish the balance, withdraw and transfer money without commission.  And it's all decentralised.  But at the same time, the business has a transaction control system.  This is a mandatory requirement for a legal business.

Q1. Why did you decide to use EOS as a platform for ZigZag? Do you think it has better support for the growth of the project? Is the ETH network too limited for ZigZag?

This was the first version of the system on EOS.  In 2 years we have completely redesigned the system. ZIGZAG v2 is a DeFi system built on IPFS specifically for e-commerce (online shops, casinos, online games).

Q2. ZIG is pegged to the dollar; its price should always be 1:1. How will you maintain that price? How does ZIG become a stable currency? Is the algorithm effective in dealing with market fluctuations?

ZIG token will be fully backed by money in the bank account.  This is a requirement of the regulator.

Q3. What is ZigZag currently focused on? What are the next steps to follow regarding the development and growth of the ZigZag ecosystem?

Now we have 3000 gaming terminals on which we have to start accepting ZIGZAG as a payment instrument.  This is our plan until mid-2021.  this is more than enough to reach the $ 10 million valuation.  We will continue to develop a network for receiving payments using ZIGZAG.

Q4. What are the differences between the two tokens $ZIG and $ZAG? Why are both necessary for the operation of the platform?

So. We have 2 tokens. ZIG - stable coin (based on real USD on bank account), ZAG - bonus token (cashback). You can make any payments and deposits to your gaming or casino  balance using ZIG. After this you will get ZAG as Cashback. To send cashback we buyback  ZAG tokens from  exchanges. and ZAG price rises

Q5. Security is really important and valued by users. Would you mention ZigZag security measures? How is it protected against being hacked, and in case it does, is there insurance for investors?

We have a very strong technical team. Our code is constantly audited by two companies.  Security and legality are very important for us. And we use a system where transactions can be controlled.  We do not hide this - this is a prerequisite in real business.

Q6. What are you expectation for doing an AMA on our Indonesian community, Crypto Moonlight? Do you think Indonesia is a potential market for ZigZag Finance?

The project is focused on the markets of Canada, Europe, America.  Later we will move to the Asian market.  Tokens will be available for all countries that are allowed on exchanges.

Q7. Do you  have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?

Yes we have Buy Back. The system redeems tokens automatically

Q8. COVID 19 has slowed many economies around the world but as a crypto business has it affected you negatively or positively? Secondly, are you still on track to achieve your targets as the road map says?

Paradoxically, this situation had a positive impact on the project. We have entered into an agreement with one of the largest providers of online casinos and games. And as you know, the indicators of this industry have grown significantly during the quarantine

Q9. What is the  business model of  ZIGZAG?  What is unique about the ZIGZAG ecosystem?

Two tokens. ZAG - bonus token and ZIG stablecoin. Supply for now is 120 000 tokens. Total 1 mln

Q10. For the success of a project, investors, community and developers play a major role. What is your strategy to get them involved?

Customers are the key to success.  If the project has a community and clients, the exchanges will list such projects. Our plan is very simple: we get new customers, increase our user base, and then list on large exchanges.  Now there are 120,000 tokens in circulation.  The total project estimate is $ 500,000.  We expect the project valuation to rise to $ 10,000,000 next year.  You can calculate the planned token price yourself.

If you have more, please join us on Telegram https://t.me/zigzag_official