How ZAN Coin is the future of payment options
It is now a known fact that the introduction of Bitcoin and other cryptocurrencies have unlocked a new realm of unrealized potential in a vast number of use case scenarios. Among these many use cases, is the usage of cryptocurrency as a new form of payment. Bitcoin particularly is the prime example of an alternative form of payment which provides a way to conduct peer to peer transactions. What if however, a coin was created not just to serve as an alternative form of payment, but was specifically utilized for employment situations? This idea is exactly what brought about the creation of ZAN.
What is ZAN?
In short, ZAN Coin is a new and effective payment solution which can be utilized in practically any employment situation. One of the aspects that makes ZAN so unique compared to traditional methods of payment is that it utilizes the blockchain’s ability to send a payment anywhere in the world instantaneously. What makes ZAN truly shine when compared to other cryptocurrencies as a payment option is its unique “tokenomics” model which not only acts as an efficient form of payment, but also as a tokenized asset which provides token holders various incentives that are exclusive to ZAN. (Details explained further below).
How ZAN Improves Upon Traditional Payment Methods
Because we live in an interconnected world, it is not uncommon to have employees who work abroad. When the time comes to pay these employees, payments would have to be sent across borders which not only complicates the tax situation, but also takes days for the payment to be fully processed. What’s more unfortunate is that payments often take days to process even when done domestically within a country. Not only does ZAN help alleviate these issues, its buyback and profit sharing models help to further incentivize both employees and token holders. In short, one can expect these benefits when using ZAN:
- Ability to send instant and secure payments
- Saving money compared to traditional payments methods
- Reduce the usage of third parties /eliminate risk of delays from third parties
- Send payments anywhere at anytime
- Exclusive ZAN coin benefits such as profit sharing and buy back options help further motivate both payees and token holders.
How It Works
In the context of a software development company, one can view the ZAN system as a cycle. For example:
- Employer pays developers in ZAN to create a product for outside customers.
- Customers buy the developer’s product with fiat.
- Employer uses the fiat to buy back ZAN from investors (buy back from exchanges). The cycle then repeats.
There are two key features which makes ZAN not only an attractive payment option, but also a coin to possess in general:
- Token Buy Back — The team will constantly buy back tokens from exchanges so that they can pay developers. This creates both liquidity and demand for the token.
- Profit Sharing — 50% of profits made from products will be shared among ZAN holders in the form of ZAN tokens. This factor alone creates a huge incentive to hold the token.
The Team / Background
ZANFAU is the original company behind ZAN. The company is a successful consulting and software development firm which specializes in the enterprise security space. The primary team behind ZAN and ZANFAU consists of three well qualified individuals. Henrik Madsen (CEO), has 21 years of experience in the industry while Todor Boyadzhiev (COO), brings over 13 years of experience in IT and business management to the space. The third member, RaliRalev, brings a wealth of knowledge regarding software development and blockchain technology. In addition to the team having over 35 years of combined experience, the ZAN project includes a plethora of highly qualified individuals whose expertise range anywhere from marketing, technology, and software development.
ZAN’s Potential To Investors
The first two points of information investors typically look for in a project is its circulating token supply and market cap. This information gives an investor a general idea on a project’s potential return on investment. Basically, the lower the market cap equals to a larger possible return on investment. The lower the token supply equals to increased price volatility. A cryptocurrency that encompasses both of these elements usually makes for a very attractive project to investors as it can potentially maximize their return on investment.
The circulating supply of ZAN is 17 million, the ICO’s hard cap is around 6 million dollars. The supply of the coin definitelyfalls into the low circulating supply category. Furthermore, the market cap of the project is also quite low, making it an attractive project for investors looking to possibly maximize their return on investment.
Cryptocurrencies Must See Adoption For Survival
There are many factors which make a cryptocurrency legitimate. One of the key factors that legitimizes a cryptocurrency is adoption. When a cryptocurrencysees adoption, it is an indication that the project has a legitimate use case. Despite being a newer project, ZAN is already experiencing adoption. ZAN is not only being adopted by its parent company ZANFAU, but also, thanks to a recent partnership, is also being further adopted by NW IDM Solutions as a payment option.
The clever value aspect about ZAN is that it not only serves as a superior payment option, but also as a coin to hold. This is done by integrating perks in the tokenomic model that rewards both payees and token holders in the form of its buy back and profit sharing system. Lastly, the structure and flexibility of ZAN will continue to make it an attractive form of payment for other businesses to adopt, all while contributing to the cycle of motivation and enthusiasm within the ecosystem.
Want to know more about ZAN?
Visit the ZAN website: https://ZANcoin.tech/
Get involved with the ZAN community on Telegram: https://t.me/ZANcoingroup
Stay up to date on all the latest ZAN news on Twitter: https://twitter.com/ZAN_coin
Check out informative videos on ZAN on the ZAN YouTube page: https://www.youtube.com/channel/UCuMqmJZRw1lxrsK-Rvp0yjg
Where to buy ZAN?
The ZAN ICO will end by the second week of July. Please visit the website for more information.
Multiple exchanges are planned immediately following the ICO.
Author: ICOM Group
Date: June 7th 2018
