ZBG is a global centralized cryptocurrency exchange with its headquarters in Hong Kong. It is actually a subsidiary of another older, larger, and well-established exchange ZB.COM. It promotes the democratization, openness, and sharing of digital asset circulation. This community-based token exchange platform was launched in July 2018. Using the ZB technology base allowed ZBG to become one of the most advanced trading platforms for professional trading. It gained recognition as a top tier bear market due to its unique operational features and risk control.
ZBG platform offers a first-class user experience, full range of coins, professional online 24/7 customer service, technical support, multiple trading options, access speed, and safe separated storage with cold wallets. The exchange supports 7 languages: English, Chinese, Japanese, Korean, Turkish, Russian, and Vietnamese.
As safety is the key point in cryptocurrency trading, ZBG uses multiple technologies to protect its users and assets. SMS authorization, e-mail binding, two-factor authentication with Time-based One-time Password Algorithm and HMAC-based One-time Password Algorithm from Google, and storing 95% of digital assets in cold wallets help to provide a high level of security.
ZBG practices the concept of the governance mechanism autonomy, which means that every holder of the platform’s native token ZT has equal decision-making power with ZBG team members.
As a web-based platform, ZBG also offers its users a mobile version of the exchange with a full-fledged interface. You can download ZBG trading App from Google Play or Apple Store.
The main services ZBG platform provides are a cryptocurrency exchange, Launchpad, and OTC.
ZBG exchange has a simple and clear user interface that is not complicated even for inexperienced users. Its trading engine can process over 1,000 transactions per second. Deposits and withdrawals of funds are enabled via cryptocurrencies and fiat money, of which only Chinese Yuan is available. Newbies who do not have CNY can use an entry-level exchange to purchase their first digital coins with another fiat currency and then start trading on ZBG, which proposes almost 100 trading pairs at the time of writing.
ZBG provides startups with an opportunity to place Initial Exchange Offers (IEO) on its Launchpad platform. They can list their tokens for free, and if they receive satisfactory liquidity they can be promoted at ZB.COM.
The platform has an OTC desk, where users can buy cryptocurrencies with fiat money using their bank cards directly from merchants, but the choice of cryptocurrencies is limited to USDT and Qcash. Users can mostly pay in CNY though RUB, HKD, KGS, and VND are also available. It is worth noting that each transaction cannot be higher than 50,000 Yuan.
ZBG offers its users two bonus programs for trading and for completing tasks. New users can choose between new sign-up or first deposit trading bonuses. Other users can participate in the receiving trial funds activity and get an equivalent to USDT after opening contract trading, joining the contract community, and completing a survey. Each user can join each activity only once.
The exchange has its own coupon store ZBG Shopping, which allows investing digital currencies in real estate. Users who are not ready to trade can use ZBG platform for digital currency mining. They can choose one of the proposed types of mining: beginner, professional, or large, and the quantity of the contract. After subscribing to the power contract the mining in real-time starts and users get regular revenues to their wallets. For developers, the platform provides all API documentation.
In July 2018, ZBG released its own digital token ZT developed on the Ethereum blockchain. The total issuance quantity of ZT is fixed and limited to 500 million coins. 150 million of them belong to the founding team, and 350 million were released into the market for circulation. In the beginning, only 20% of the total amount of tokens were in circulation. The remaining coins were fully unlocked in July 2019.
Users can get ZT through exchange or mining and store in any wallet supporting ERC20 tokens. All commission charge earnings generated during trans-fee mining are exchanged for ZT, 30% of which are returned to the transaction users in the form of minted coins. 10% of fees are destroyed every week to reduce the number of coins and prevent inflation. The destruction will stop when the ZT quantity is reduced to 100 million.
Like any other native token, ZT ensures the functioning of the entire exchange ecosystem as a whole. It is used to reward system users, support the business, and provide early access to IEO on ZBG Launchpad. Besides, it is used as permission to vote on important platform events.
Commission fees are considered to be very democratic on ZBG. The deposit opening does not require additional fees, and the exchange charges makers and takers the same 0.1% for trading, which is far below the industry average. Nine levels of VIP users give additional fee discounts and benefits. The withdrawal fees also make 0.10%.
The referral program allows users to earn an additional 10% of their invitees’ trading fees. The commission is paid in the currency charged for the actual transaction.
ZBG Team and Partners
ZBG team consists of people with skills and experience in blockchain technology, digital currency, finance, and IT who work hard to improve and develop the platform.
ZBG CEO and co-founder is Omar Chen, who is also the active ZB Group chairman, CEO of ZB exchange with more than 10 years of marketing experience. He has written over 10 patents and worked as a blockchain BW consultant. Joylin Telagen, a licensed accountant and Securities Representative, has been an advisor and Community Ambassador at ZBG exchange since April 2019. Her task is to promote the exchange in other regions and explore potential business cooperation. Other core team members include Anna Chen (Commercial Director at ZBG and a global business partner of ChainUP Technology), Allen Cheung (Chief Technical Officer), and Lizzie Lo (Chief Marketing Officer).
ZBG’s strategic partners include btc123.com (Chinese Bitcoin market), G-WAVE (management platform for the value-added of the digital currency secondary market), Gemini (a cryptocurrency exchange), Bit-Hi (a Korean crypto exchange), BLOCORE (an investment firm focused on digital assets), ZBX (an exchange with crypto to fiat and banking services), and such rating platforms as CoinMarketCap, CoinLore, Coingecko, and NEIRONIX.