GAINS Associates
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GAINS Associates — Telegram AMA — October 10

On Friday, October 10, we had the pleasure to welcome to our Telegram chat:

Ayman Sayed, Co-founder and Chief Business Officer
George Gus, Chief Operations Officer

We asked them questions about the development of

Some sentences have been slightly edited for readability but the meaning has been conserved.


Blockchain, being a revolutionary technology is destined to change tomorrow’s finance. envisions a world of equal financial opportunities powered by blockchain for anyone and everyone around the world with access to a mobile device and Internet, where every financial transaction is as accessible and transparent as possible. Asset management, payments, trading, collateral management, loans, and many other financial services become more accessible, highly efficient, transparent, cheaper, and, last but not least, much faster. is envisioned as a complete financial ecosystem: blockchain bank (bank 3.0), infrastructure, prime brokerage services, payments and remittance solutions — all integrated with current financial infrastructure.
Current financial tendencies pointing to the new decentralized economy helped reshape the idea of developing a specific financial ecosystem capable of digital replication of real assets on the blockchain and bringing billions of capital to DeFi. They have a global focus, starting from the MENA region and expanding the infrastructure one market at a time.

The team is building a universal wallet for CeFi and DeFi that brings the best features of both technologies into one powerful app. Users can choose whether to store their private keys in’s custody secured by Binance or keep them in their possession with full control over security and seamlessly swap between wallets.


Q — Ayeley from GAINS: Please introduce yourself. What’s your background before crypto? And how did you end up with Zam?

A — Ayman from Zam: I am Ayman Sayed, co-founder and Chief Business Officer at I have been developing multiple ventures in Social Media, e-commerce, fintech, agritech, and infrastructure. I have been introduced to bitcoin in 2011 and I loved it and became a believer in the blockchain future.

As I was working with my partner founder of @George_Gus developing another DeFi product, we wanted to build our own project on the basis of an idea George and Iliya had a couple of years ago to develop an on-chain bank. So we reimagined the idea from scratch and decided to build and here we are. We have a team of over 42 team members, with almost a million people watching our project on CoinMarketCap

A — George from Zam: Hello everyone Guys) I am here in parallel with our technical team.



Q — Ayeley from GAINS: What is the Zam project about in a few simple sentences? What was the inspiration behind it and what sets it apart from the competition?

A — Ayman from Zam: We are building an on-chain financial ecosystem that aims to onboard the next generation of crypto users. From institutions to retail investors, to seasoned and occasional traders, all the way to newcomers. We want to bridge today’s capital to blockchain by providing instruments that accelerate this transition.

In order to bring the world on-chain, we need first to move capital and investors from traditional markets to crypto markets. If we can move for example just 1% of the world capital in stocks, we can add a trillion dollars in capitalization to crypto markets.

What sets it apart is a unified ecosystem is a fragmented market. Today there are a lot of interesting projects, but they are fragmented. Users need to connect multiple wallets and jump from one platform to another. We want to unify the best products, tools and instruments to be under one application with a simple easy to use user-experience

and develop the world first stablecoins loans platforms secured by real stocks as collateral

Q — Ayeley from GAINS: How do you intend to do this? Apart from providing the platform that will unify all the instruments under one application, how will you convince people to go use it?

A — Ayman from Zam: People need a simple app with a user experience they are familiar with. By providing a universal app for CeFi & DeFi that is easy to use (easy to use even for a grandma), a beautiful app that tailors to a wide segment of users, and their requirement all within their palms, an app that helps users be successful in their trades, we can bring users to our platform.

Q — Telegram user Orlemys: is powered by ZamZam. Would you explain this relation to us? Is the same team behind both projects? Does it work as an ecosystem? Please elaborate on it, thanks!

A — Ayman from Zam: Zamzam is our company. It has 2 parallel projects with 2 separate teams and 2 separate funding. One project is which is our crypto project, and the other one is which is our fintech project. Together they make Zamzam. has a vision to bank all unbanked migrants and give expats a cross-border financial solution. With, we have the potential to onboard millions who are currently unbanked, to banking first, then to Crypto. We will also use the technology and infrastructure developed for to bring remittance on-chain and build our fiat ramp

Q — Telegram user Myrkova Z: Why did you choose BSC for your project? Is there any plan to add more blockchains in the future??

A — Ayman from Zam: We have both BSC and ETH, BSC has very affordable fees. Indeed we intend to add more blockchain support to bring our vision of interoperability to life.

Q — Twitter user @karoceh: Regulation can be a challenge when Zam bridges real capital into blockchain.

A — Ayman from Zam: We completely understand that the hardest obstacle today is regulation. We intend to be 100% compliant. For this reason, we formed a world-class team of compliance specialists and lawyers who have experience with the likes of JP-Morgan, Saxo Bank, Kraken… For our zMorgan protocol, as we are dealing with stocks, we envision developing zMorgan MVP in Bahrain, then transitioning to other jurisdictions for that product. As for the crypto license, we are in the process for crypto authorization in Lithuania. As for financial licenses, we work under an EMI-agent model

Q — Telegram user Nico: zMorgan is a stablecoin lending platform secured by shares as collateral. So, can you elaborate on how this bridge between institutional investors in traditional equity markets and cryptocurrency markets will work? What strategy will you use to approach traditional sectors?

A — Ayman from Zam: Today, most institutional investors hold stocks. They are comfortable trading stocks and for transition to crypto markets is considered a tough sell. We wanted to find a way to bridge them to crypto markets, where they can keep their stocks, at the same time transition into crypto. With zMorgan, (assuming they are competent traders) they can get stablecoin to invest in crypto and make money, while their stocks grow while they are held in escrow.

Q — Telegram user ⚫⍟🟡✪ D̥ͦḁͦn̥ͦi̥ͦe̥ͦl̥ͦi̥ͦt̥ͦo̥ͦ ✪🟡⍟⚫: What currencies and cryptocurrencies does ZamWallet support? And what are the main features of ZamWallet that distinguish it from other Wallets on the market?

A — Ayman from Zam: very good question. ZamWallet is a universal wallet for CeFi and DeFi meaning we give the user the preference whether he/she wants to keep the key in his custody or keep them centralized with us. Users can use CeFi wallet or DeFi wallet in one app, and seamlessly transition between them.

Our wallet soon will support holding, trading, buying and selling over 200+ cryptocurrencies

Q — Telegram user Anitax: The ZamWallet is a universal wallet for CeFi and DeFi but I would like to know more about this bridge you have created? Do you use the most advanced protection methods in the space? Can you give more details about the relationship this wallet has developed with Binance?

A — Ayman from Zam: The bridge allows to move of tokens from BSC to ETH and vice versa. We do use all the best protection practices in the industry. You can learn more about ZamWallet here.

Q — Telegram user Drogon: In the docs of ZamWallet I read that there are several ways to earn money using it. Can you explain to us how it is possible that users can generate economic income through ZamWallet? And something very important, is KYC necessary to use the wallet?

A — Ayman from Zam: From the upcoming investment portfolios where you can create portfolios for other users to invest in. You can also earn on our upcoming earn platform, staking, and DeFi farming.


Q — Ayeley from GAINS: And what role will the token play in your ecosystem?

A — Ayman from Zam: The token will be primarily used to pay interest rate in our zMorgan protocol (stablecoin loans secured by stocks as collateral) where borrowers (Institutional investors) will need to buy ZAM from the free market to pay for their loans interest rate. The token can also be used to pay for fees in the ecosystem, we also had a case to use it as a payment method. ZAM has a governance function. It can be used for staking and liquidity mining, We also use it for our own stablecoin stabilization

Q — Twitter user @Nguyenhuybach12: Currently there are notable problems with stablecoins like Tether (USDT) that have not really shown any transparency in relation to their dollar reserves like many other Stablecoins. What is the advantage that AEDZ and USDZ brings to the market to renew and Make a Difference?

A — Ayman from Zam: transparency! that is the point. Today most stablecoin have scarce audits where users don’t know how much backing these stablecoin have on corporate accounts. For our stablecoins, all data and stats about our stablecoins will be accessible in real-time via a dashboard for everyone to see and audit.

Another issue with stablecoins is that they are not completely backed. We back our stablecoins 1–1 with a basket of other stablecoins. In the future, as we have more stocks in zMorgan, our stablecoins will be backed by liquid stocks

Q — Telegram user James: What is the difference between $AEDZ and $USDZ?

A — Ayman from Zam: One is crypto Dollar and one is crypto Dirham

Q — Telegram user »›★ 𝗠𝗔𝗨𝗥𝗜𝗖𝗜𝗢 🇻🇪 𝗥𝗔𝗡𝗚𝗘𝗟 ★‹«: What blockchain platform does Zam_io use for the $ ZAM token?

A — Ayman from Zam: ERC-20 and BEP-20. Our tokens live in both networks with a bridge.

Q — Telegram user Ampri: if at any point in time there is an increase in mass adoption, how do you handle the increase in mass adoption in your network? Also, as network adoption increases, how can you ensure that the value of the $ZAM token also increases?

A — Ayman from Zam: As more users use our ecosystem, demand for our token to use on the platform increases, and hence more users will use the same amount of ZAM tokens available, pushing the price of the token up. As for dealing with increased adoption, our ecosystem was built from the ground up to be scalable.

Q — Telegram user Shito San 🌳:On your website I could see that the total supply of $ZAM tokens is 888,888,888. Could you explain exactly why you chose such a uniquely repetitive number? Why not just 800 million or 900 million?

A — Ayman from Zam: Number 8 has been a very lucky number 🍀


Q — Ayeley from GAINS: Have you secured any promising partnerships that will help Zam achieve its aim of bringing the world on-chain?

A — Ayman from Zam: We are partners with Binance via the broker program where Binance provides us with liquidity and access to over 200 tokens. Our contracts are audited by Certik. We are developing our blockchain on Cosmos Hub. For remittance, we opened discussions with Ripple to use ripple net for on-chain remittance. And not to forget, we work with some of the world’s top crypto funds. You can see the list of all of our partners on our website.

Q — Telegram user METAVERSE: You have big names for technology partners, including NEXO and The Graph and Broker Binance. How they will help ZAM to become a top project in the market?

A — Ayman from Zam: Having big names allow up to accelerate the development of our ecosystem, by integrating solutions from these partners


Q — Ayeley from GAINS: Cool. Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?

A — Ayman from Zam: We have closed all of our private rounds, over $3M. We will use these funds to develop our ecosystem and enhance our offering. We are not planning for future raises at the moment as the funds raised will cover all our requirements to build our ecosystem. We are very cost-effective with our spending :)

Business Development

Q — Ayeley from GAINS: With respect to your roadmap, what should we expect in the next weeks and months?

A — George from Zam:

We plan to launch the first version of Web and Mob Dapps soon, as well as farming on zMetaBoard

Q — Telegram user COMIXHERO: So, when exactly will you launch the first version of Web and mobile Dapps?

A — Ayman from Zam: Bridge between ETH-BSC is already developed and deployed. Investment portfolios are in testing stages, launchpad in Q1, 2022. Expect an interesting selection of Dapps by Q1, 2022

Q — Telegram user ░🍀🇮🇹 🔹 🇩 🇮 🇪 🇬 🇴 🔹🇮🇹🍀░: I could read that Zam_io wants to accelerate the adoption of decentralized finance (DeFi), especially in the UAE, but why do they want to expand precisely In the UAE and in which other geographical areas are they working, include Latin America and Asia as a global project?

A — Ayman from Zam: UAE is just one country in our target list. We are a global project that never intends to be limited locally. Right now our focus is Europe, Russia/CIS, MENA, and South East Asia. We will definitely expand our presence globally

Q — Telegram user Karla Herrera Pulido⭐️: In addition to providing support to migrants in Russia, do you plan to expand this so that all those who need it can benefit from this project around the world?

A — Ayman from Zam: Absolutely, is our traditional fintech solution to open a trans-border bank for expats and migrants. We plan to bring to Europe, GCC, and then southeast Asia and the Americas, one region at a time. btw, one of my close old friends was called Karla Herrera :)

Thanks Ayman for taking the time to answer all these questions. We enjoyed the session and look forward to seeing you here sometime soon. Enjoy the rest of the day. — Ayeley Commodore-Mensah from GAINS Associates

I think I answered all the questions, friends. Please join our community and don’t hesitate to ask me, or give feedback, comments and suggestions. Thank you very much GAINs and the community.

You guys were amazing. I really enjoyed this AMA ❤️ — Ayman from

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