ZENIQ is a decentralized blockchain for crypto-fiat payments developed by ZENIQ Technologies, the hi-tech company headquartered in Dubai, United Arab Emirates. As the main office was opened on April 14, 2021, the project is planning to expand globally. The company has a legal status under the jurisdiction of DIFC (The Dubai International Financial Centre) and is licensed by Dubai Financial Service Authority (DFSA).
ZENIQ’s basic philosophy is based on a full decentralization of its ecosystem. Its ecosystem consists of a blockchain, a token, ZENIQ Hub, and an exchange. The company’s goal is to simplify online payments with crypto to make businesses transparent and reliable. It is developing a fiat-crypto fusion where users can send cryptocurrencies to someone and the recipient will get fiat currency instead. It also provides an opportunity to invest in featured products and projects at an early stage.
The ZENIQ blockchain unites different blockchains and their native coins on one platform. It supports Ethereum, Matic, Binance chain, TRON, and other popular options. At the same time, it can boast of high throughput indices as it can handle up to 50,000 transactions per second.
The ZENIQ token launched together with the ZENIQ blockchain was designed to support the ecosystem and be a medium for profit sharing through the added value generated by the ZENIQ exchange. The genesis date for the ZENIQ token is April 2, 2021. The maximum total supply is capped at 8,750,000 coins. Aiming to make the project long-term and sustainable and their community strong, the ZENIQ team decided that 100% of all coins will always be owned by the community.
ZENIQ is not a mineable coin, it is only issued through minting. The limited number of coins and hubs, as well as the annual halving ensure its value increase. ZENIQ is an asset coin intended to generate ROI by minting, issue rewards, provide with the voting power to publish products, and get Airdrops. It is used in profit-sharing projects and gives users discounts when buying tokens of other projects, products, and services. It cannot be used for payments.
ZENIQ ensurs the highest level of security and protection from unauthorized third-party access guaranteed by ZENIQ Hub. It is a hardware wallet, which looks like a tablet with a touch screen, used for personal fund management. It gives clients full control of their assets and allows trading ZENIQ and other coins on the device itself via the internal decentralized exchange. No KYC is required as users are the only owners and holders of their capital.
ZENIQ Hub is a digital payment gateway that enables cryptocurrency payments in all online shops and online services. It also offers optional integration of fiat currencies, SEPA transactions, and digital investments. Companies can accept ZENIQ offline by connecting to the service via POS (point of sales) systems. In addition, the team has developed an interface (API) for their services to become available for ATMs and eventually facilitate the onboarding process for end-users.
Each device is a masternode in the ecosystem meaning that users are participating in keeping the network safe. For doing this they are rewarded by newly minted coins. Customers purchasing ZENIQ Hub 01 get the minting option to produce ZENIQ Coins. This option does not apply to ZENIQ Hub 02.
The Hub has a unique shielding technology that eliminates all third-party services from authentication. Starting the Hub for the first time, users receive a private key and seed, which are the words to restore the Hub and ZENIQ does not have access to them. They must be written down and stored in a secure place. In the event of loss or damage, the Hub can be restored without asset loss using the private key and the seed phrase.
In the case of Cloud Hub the user’s smartphone becomes a mobile wallet with exchange integration. It is also a masternode with a function of daily ZENIQ coins minting in the course of the following 20 years. The whole hub costs €1499 and mints 80-100 coins per day. It can be accessed anytime from anywhere in the world through the mobile application.
Due to the blockchain spanning, the ZENIQ exchange is compatible with all coins and tokens making wrapping unnecessary. Users can trade BTC, EURO, and USD to ZENIQ coins and other options. 100% of profits coming from the exchange are allocated to the community every week.
ZENIQ mobile application provides a multi crypto wallet and enables POS payments. It is connected via the ZENIQ Hub and allows to send peer-to-peer real time fiat and cryptocurrency transactions.
Team and partners
The team at ZENIQ is made up of professionals from different areas of expertise working with dedication to their common vision. Their goal is to mainstream the usage of crypto technology and cryptocurrencies in any business area. They are enthusiasts with experience in the development of technologies, blockchain, IT systems, digital payment systems, and software applications with a focus on cryptocurrencies.
The founders of ZENIQ are the CEO and a Board member Erwin Dokter and Michael Ofner, who is also the Chief Operations Officer and a Managing Director. The team members include Eric Heinemann, the Chief Marketing Officer, Jan Bollmeyer, the Chief Sales Officer and a crypto expert, Silvia Zarazaga, the Chief Administration Officer, and Max Wolf, the Chief Finance Officer.
Zeniq Technologies is backed by its OCS International Commodities and Investments, an investment bank with crypto fund, which focuses on investment advice, commodity trading, and financial planning. Safir International, an official sales partner of ZENIQ, is an exclusive distributor for ZENIQ products. Zeniq Switzerland is a partner of ZENIQ Hub. Uniswap has listed the ZENIQ token on its exchange.