Quote from: Dump3er on June 11, 2018, 04:32:02 PM

Quote from: ZeusExchangeOfficial on June 05, 2018, 10:34:58 PM

Quote from: Dump3er on June 05, 2018, 10:02:16 PM

The spectrum of trading opportunities you are going to offer is huge. Where are you guys incorporated and do you have all the licenses?

Absolutely true: within 2018-2022 timeframe. We will launch with a few tokenized assets, USD, EUR & NEM in an alpha version, and we will add BTC & ETH in beta. And we will keep building on top of it, step by step.

We are incorporated in Singapore, and preparing to file for the first set of licenses to launch Alpha Zeus Exchange in a few selected Asian markets. And full legal roadmap would take us at least 3 years to complete, most probably - more.

Tokenized assets like USD and EUR? You mean stable pegged digital currencies? How will you keep it stable, what's the mechanism behind it?

We mean the following:

Digital asset is a security token issued for the specific underlying asset held at the Zeus Depositary. Digital assets provide a novel investment vehicle, create an arbitrage opportunity between the markets, and facilitate ready liquidity.

Traditional financial assets backing digital assets issued by Zeus, are held by the prime-broker, subject to all the traditional custodian, regulatory, and security levels of protection. Digital assets issued by Zeus are held on a public blockchain, thus ensuring full transparency. A special mechanism is present in NEM blockchain, which permits us to ensure that all movements of our digital assets are done through Zeus platform, allowing KYC/AML compliance and security protection.

To make an example, Zeus Exchange clients will be able to trade, say, IBM stock shares for fiat currency, and optionally take delivery of IBM stock in their broker accounts, and to withdraw funds to their bank account, all utilizing legally compliant methods. Likewise, Zeus Exchange clients may trade tokenized CRYPTO-IBM for cryptocurrencies.

Once CRYPTO-IBM is issued at Zeus Depository, the underlying IBM instrument is held frozen at the Zeus Exchange broker account until the CRYPTO-IBM redemption. A client may choose to redeem CRYPTO-IBM and receive the actual IBM instrument.

Once the client sells CRYPTO-IBM on Zeus Exchange, one can withdraw cryptocurrency to her own wallet, to exchange the cryptocurrency to fiat, and then withdraw the funds to a bank account.

It's not stable, but it's not highly volatile as crypto assets usually do.