ZB Token (ZB) is a native currency of a Chinese cryptocurrency exchange ZB.com. This is one of the top 10 exchanges by the level of liquidity and one of the top 20 exchanges by the level of adjusted and reported trading volume. Although the platform is available in the English language along with Mandarin and does not explicitly forbid US and European citizens from registering on the website, the majority of its users are Chinese residents.
Also, the geographical specifics of the project impose their own limitations as there is little to no information in the World Wide Web about many aspects of the project including the dates when and if the ICO was conducted, the amount of raised funds, etc.
The platform was launched on November 1st, 2017, right after the Chinese government put a veto on ICOs (Initial Coin Offerings). Despite the negative background, the launch was accompanied by huge hype and arouse lots of talks in the crypto community.
The ZB Token that the platform promotes can be used as the means of payment for the monthly VIP status. Depending on the amount of ZB tokens locked, users can get a discount for the trading fees. On ZB.com, there is no difference between maker and taker fees. Regardless of the transaction type, users pay 0.2%. However, those who lock ZB tokens in their accounts for at least 30 days, can enjoy fees as low as 0.06% which is the lowest level available for VIP clients. Also, if a user selects to cover fees with ZB tokens, they will be significantly lower as well.
Other use cases of ZB token include the participation in the voting process as ZB holders can help their favorite projects get listed on the platform. Also, holding ZB tokens can help you get early access to special ZB launchpad events and gain rewards from seasonal buybacks.
There is no information about ZB.com’s team members on the website, but some of them can be found on Linkedin. Omar Chen is named ZB.com’s CEO and he also works on the platform’s sub-brand ZBG Exchange.Read More