How Can You Buy With Your Crypto? An AMA Session With Zeex’s CTO
Ziv’s AMA was a great opportunity for us to answer some burning questions from our community. This time, we did it on Telegram only and included just a few short videos of Ziv answering questions, which you’re welcome to watch in the group (our mods will be happy to share them!). Next time we’re planning for a wider audience and more video and audio recordings; we think you’ll like the answers more that way. In the meantime though, here’s a short summary of the Ask Me Anything! Check out our Telegram (https://t.me/zeexme) for the full transcript and also more exclusive content from the team!
Q: How is the solution decentralized?
A: Sellers and buyers will be able to exchange value without a trusted third party using blockchain technology. Everything is transparent and we use encryption to store sensitive data on the public ledger, and all transactions are created on the public ledger and never handled by a centralized entity.
Q: Are your marketing plans going after the gaming segment? It’s a huge market.
A: We are already connected to Playstation and Xbox, so it’s certainly something we’re thinking about, and by the way, we enjoy video games too!
Q: What happens to the ZIX that are used to purchase Gift Cards? Are they resold by Zeex back onto the exchange?
A: The supplier receives the money, ZIX or ETH, as a payment and then does whatever they want with it. If they choose to resell it for more gift cards on the protocol they can do so, and if they choose to HODL they can do that too. The tokens naturally circulate throughout the economy based on the activities of the participants.
Q: How will my friends who aren’t into crypto at all be able to purchase ZIX?
A: Initially we will be available on the Bancor Liquidity Network, which is very easy to use and get used to!
Q: Have any governments approached you or have you approached them about how they get their sales tax?
A: All crypto tax issues are subject to local regulations. Zeex is a protocol, not a supplier. All buyers and sellers using the Zeex Protocol must comply with whatever laws are applicable in their jurisdiction.
Q: What is the benefit of using ZIX tokens?
A: You get a few benefits when you use ZIX:
Priority — ZIX token owners will have priority over other users to get high demand/discounted assets first.
Pledge — ZIX tokens are used as collateral to ensure an immediate settlement.
Login — ZIX token owners will have the ability to log into Zeex securely and anonymously using their token.
And of course you can pay with them.
“Thank you so much everyone for participating in my first AMA session for Zeex! I really enjoyed answering your questions and I look forward to seeing even more. I’d like to announce that we’re now opening our registration for Beta Testers, so if you want to be among the first to try Zeex, go to http://zeex.me/beta and fill in the form!” — Ziv Isaiah, CTO, Zeex.
