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Register on Celer bridge and vote for Candle (candlelabs.org) to be listed by using this link:
https://forum.celer.network/t/add-candle-to-celer-bridge/589
Thank you for your support.
https://forum.celer.network/t/add-candle-to-celer-bridge/589
Thank you for your support.
Re: Are bounty programs or airdrops more profitable to participate in?
in general bounty programs and airdrops can both give away crypto for free, and I think this is a very effective way to get prizes that can make you rich, but since the crypto market is in a prolonged bear market method, very much Bounty participants stop for a moment, because bounties and airdrops have no potential and certainty at all, and prefer to buy coins to invest.
I see what you are saying but I think you are being a bit myopic. You should be accumulating as much crypto as possible during the bear market, whether you are buying it or participating in airdrops or bounties like the CNDL one. In a bull market you can easily see your investments 10x. What seems like a little right now, a 500 usd bounty reward for example, could easily turn into 5k usd in a bull market. So no, I don't think its a waste of time if you find the right projects. Just take a minute to research before you sign up for anything.Here is a link to the BetaTest Program FAQs:
https://docs.google.com/document/d/1sQ04vCvmjHaOuWaevaHVsd4yQO88NKK-BxY67kIqFsQ/edit?usp=sharing
I think Sandbox should create a bridge to enable users to transfer their NFT (LAND) and native tokens (SAND) over to other layer-2 networks like Candle Chain (lik they did with Polygon) instead of being acquired by Meta which could be a kiss of death for them
Re: Are bounty programs or airdrops more profitable to participate in?
Most airdrop and bounty programs make you jump through a lot of hoops for very little gain.
Not at all the case with Candle Labs Beta Tester Program that lets you earn 25,000 CNDL (worth about $20) immediately and every time you refer other beta testers or developers (up to 500K tokens or ~$500)!
They also have a grant program that rewards developers up to 25M CNDL ($20K!!!) if they build a DApp or issue tokens on Candle Chain (an L2 EVM compatible chain similar to Polygon but faster and much cheaper).
Not at all the case with Candle Labs Beta Tester Program that lets you earn 25,000 CNDL (worth about $20) immediately and every time you refer other beta testers or developers (up to 500K tokens or ~$500)!
They also have a grant program that rewards developers up to 25M CNDL ($20K!!!) if they build a DApp or issue tokens on Candle Chain (an L2 EVM compatible chain similar to Polygon but faster and much cheaper).
Candle Labs (https://www.CandleLabs.org) has been running a successful bounty program for bounty hunters and developers.
Rewards go as high as 500k CNDL (~$500) for beta testers who refer other beta testers and developers, upvote for integrations like debank and Zerion and test their new AMM DEX.
They also have grants for developers who deploy DApps or tokens on Candle Chain (from 5M to 25M CNDL depending on the project).
Rewards go as high as 500k CNDL (~$500) for beta testers who refer other beta testers and developers, upvote for integrations like debank and Zerion and test their new AMM DEX.
They also have grants for developers who deploy DApps or tokens on Candle Chain (from 5M to 25M CNDL depending on the project).
Maximum supply for the token will be 32B right? And sorry if it sounds dumb but what do mean by SaaS?
Thanks
Thanks
Maximum supply is 100B tokens. We use a Platform as a Service (PaaS) model to deliver ZED platform, apps and reporting tools to Money Transfer Operators to use in order to immediately take advantage of ZED currency without any technical development
Very pragmatic team and introduction, I would like to see your bounty activities, there will be plans to list it?
Tweet us, talk to us in the slack, or fill out the contact form at http://zed.network/ for bounty details. We have plans to list details about the bounty at a later date, but these are for developing, supporting and growing the community, etc.
what is the utility of the zed token ?
sorry if its already mentioned above but I have skimmed the info posted above but couldn't find.
sorry if its already mentioned above but I have skimmed the info posted above but couldn't find.
ZED IS BUILT FOR MONEY TRANSFER OPERATORS (MTOS)
ZED is a compliance-friendly solution enabling Money Transfer Operators to leverage leading blockchain technology to rapidly scale their business. For small to medium sized MTOs that can't effectively compete with larger MTOs due to banking, technology, and cash flow issues, ZED offers a SaaS platform built on a distributed ledger that reduces costs and transaction friction. Unlike the current SWIFT system, the ZED Network eliminates dependency on banks in favor of a global, distributed network of licensed Money Transfer Operators to create a faster, cheaper, more transparent money transfer network.
You may find the website to be very informative: http://zed.network/
This project looks to be an interesting thing, but i'm wondering with 38B coin and only 8B being sold.. directly, 8B held by the company, 8B locked for Dev and remainder released in trenches
I see an issue in the 16B held by Dev and the company, I see no information about holding it in contract locked for periods of time, just the allocation.
I see no doubt in the persons if im honest, but I'm missing some direct information about why a dev wouldn't just blatantly dump as soon as the coin hits a few markets.
I see an issue in the 16B held by Dev and the company, I see no information about holding it in contract locked for periods of time, just the allocation.
I see no doubt in the persons if im honest, but I'm missing some direct information about why a dev wouldn't just blatantly dump as soon as the coin hits a few markets.
The 8 Billion ZED's reserved for developers, artists, bounties, and to support the community will be distributed to thousands of people - we hope! This will prevent a single developer from holding too many coins. Developers who hold a large quantity may be asked to sign an agreement not to sell for a certain period of time, ex. a year. The team working at ZEDNetwork believes in the coin, and they have shown commitment not to sell off all the ZED they acquire, as we are all in for the long run.
Team, do u have bounty program? How can I find detailes if u have?)
8 billion, 21.1%, ZED's have been allocated for disbursement to the community, for example to give to developers, supporters, artists, and as bounties. There will be more upcoming announcements in the future about how to acquire the bounties. For now, Direct Message us.
Bounty Facebook and Twitter?
We have set aside 8 billion tokens, 21.1%, to be paid to developers, partners, and the community. Twitter is here : twitter.com/zednetwork
Facebook is here : https://www.facebook.com/zednetworkinc
The name of the coin sounded familiar to me 
We are aware of a previous coin named "ZedCoins (ZED)" that launched around 2014. This coin never gained any traction or momentum of any kind and has officially been labeled a dead coin. No reason to let a good name go to waste!
ZED Network is SaaS platform built on a distributed blockchain network using ZED cryptocurrency. We are headquartered in Ontario, Canada and target Money Transfer Operators worldwide.
https://i.imgur.com/ovvlCpo.png
Introducing ZED
At the heart of ZED Network is ZED currency which is a Cryptocurrency built on a mining-free, distributed ledger. There will be a maximum cap of 38B tokens authorized, 8 Billion of which will be sold to to accredited investors in the U.S. and Canada as well as investors other select markets worldwide.
Upon close of the token sales, ZED will also be available to MTOs to buy and use solely for utility purposes of facilitating remittances worldwide.
In the same manner that SWIFT connects banks together on a global basis, ZED Network will seamlessly connect licensed MTOs in multiple countries to become a single point of integration for multiple currency pairs.
Some of the features of ZED Platform include:
1- Banking Problem
In recent years, government regulations and compliance costs have created a toxic environment that is causing banks to shut down accounts of thousands of small to medium sized MTOs.
Hence, MTOs are constantly looking over their shoulders, worrying about their banking relationship, without which they could not survive.
Without a solid banking relationship MTOs are hesitant to invest in technology or innovations, opening doors for new age, digital first remittance companies such as Azimo, Remitly, Transferwise, WorldRemit and ZipZap that further erode their market share.
2 - Cash Flow Issue
These regional remittance companies are forced to create multiple Nostro accounts in every market and corridor they wish to operate in or use a network of correspondent banks all of which require significant prepaid deposits to enable same day payouts (which consumers demand).
This cash flow requirement is a major obstacles to the growth of MTOs . It is also highly inefficient and further drives up costs for end users and corporate clients.
3- Technology Challenge
Cash starved MTOs are spending most of their resources on compliance and maintaining their customer base with ever decreasing margins. The therefore have no resources to invest in technological innovations, many of whom still have no web site or mobile apps despite high customer demand.
The combination of lack of banking support, ever tightening regulations, tight cash flow and lack of technological innovation to break the cycle, have forced many MTOs to branch out into offering other services (e.g. long distance airtime, wireless phones, gift delivery, etc.), be acquired or shut down.
The impacts to customers are high fees and low exchange rates and in some cases, as in Somalis in UK when Barclay shut down hundreds of Money Service Business accounts a few years ago, was the complete elimination of remittance services to Somali which resulted in starvation and death of their loved ones back home
Our solution is to come up with a SaaS platform along with a single cryptocurrency that can be used for transmitting value between entities across the globe without actually moving funds through intermediary banks.
Introducing ZED
ZED is a cryptocurrency enabled platform that powers global money transfers in real time.
ZED Network is powered by the ZED currency, which is purpose-built for remittances, enabling instant money transfers across the world.
ZED Platform is a compliance-friendly SaaS solution enabling Money Transfer Operators to leverage leading blockchain technology to rapidly scale their business.
For small to medium sized MTOs that can't effectively compete with larger MTOs due to banking, technology and cash flow issues, Zed offers a SaaS platform built on a distributed ledger that reduces costs and transaction friction.
Unlike the current SWIFT system, the ZED Network eliminates dependency on banks in favor of a global, distributed network of licensed Money Transfer Operators to create a faster, cheaper, more transparent money transfer network.
With a single currency to manage globally, ZED is able to efficiently move capital across the world and between partners with negligible costs.
In time, Zed Platform will eliminate the dependencies that small to mid tier MTOS have on banks and reduce their operating expenses, freeing up much needed capital for growth in other markets and corridors.
Furthermore, with funds moving in both directions, ZED helps small remittance companies neutralize the significant advantages that large, global MTOs have when they net settle funds between their various geographically dispersed entities.
It is a little known fact that large MTOs do not actually need to move the full amount of the remittances across the globe even though they charge their customers the full FX cost. In reality, these global companies only send the net difference amount between two corridors. For example, if Western Union needs to send $1M from CAD to PHP, and in return they also have to send $750K from PHP to CAD, they will net settle and only transmit $250K from CAD to PHP.
The issue gets far more complex when these sophisticated large remittance companies, with dozens of currency traders and treasury personnel, move multiple currency pairs. For example the trade above could be changes to be CAD → USD→ PHP and the reverse (PHP → USD→ CAD) or even more complicated than that such as: CAD→ USD→ GBP→ INR→ PHP and vice versa.
Small MTOs simply have no resources to manage complex global FX transactions and they cannot rely on banks or FX intermediaries/hedge funds managers like Cambridge Global Payment with large FX margins and minimum transaction sizes.
Smaller intermediaries like Currency Cloud are somewhat cheaper but they, too, have upfront integration costs, monthly administration fees and monthly minimum fees and volume commitments that are far outside of the remittance companies affordability. They are also limited to a dozen or so major currencies and will not be of much use for non- prime currencies.
ZED does not require a bank account, is completely private and secure, and charges MTOs a small transfer fee of 0.25% or 25 BP after the first year of operations.
Why ZED?
ZED reduces remittance costs by helping small to mid sized MTOs compete more efficiently using blockchain technologies.
Distribution
ZED Network. is a for profit company based in Ontario, Canada and the custodian of the ZED monetary system and protocol .
ZED will issue Z38 Billion coins with the following distribution:
Sell Z8 Billion in a Token Sales Event to raise money for management, growth, licensing, acquisition and expansion
Retain Z8 Billion by Company to pay for staff and operation expense
Allocate Z8 Billion for use by developers, partners and the ZED community
Release Z6 Billion for sale on a predetermined, scheduled, annual basis as outlined below
Unlock additional Z8 Billion for sale upon achieving certain volume levels outlined below
Read the rest of the White paper here: https://docs.google.com/document/d/1aBhsROQL5Cz2om7Six4sGKPLeUiNNAqVT_u0Vju-quY/edit#heading=h.1946w2x0xt96
ZEDNetwork website is open-source and on Github. Website : zed.network
The Official ZED Slack is http://zednetwork.slack.com, come by and talk with the community! The Invite link is : https://join.slack.com/t/zednetwork/shared_invite/enQtMjQ3NTc4MDc3Mzk4LTM0NjQxZjY4YTRkYzJiOWI5ZDIzMjQyY2JjYTNlZGJhMmMyZDM5ZTgxYTJkMzE2NTEyMjQ0NzJjZGEzMDQ1NWM
https://i.imgur.com/gWRsuaN.png
https://i.imgur.com/ovvlCpo.png
Introducing ZED
At the heart of ZED Network is ZED currency which is a Cryptocurrency built on a mining-free, distributed ledger. There will be a maximum cap of 38B tokens authorized, 8 Billion of which will be sold to to accredited investors in the U.S. and Canada as well as investors other select markets worldwide.
Upon close of the token sales, ZED will also be available to MTOs to buy and use solely for utility purposes of facilitating remittances worldwide.
In the same manner that SWIFT connects banks together on a global basis, ZED Network will seamlessly connect licensed MTOs in multiple countries to become a single point of integration for multiple currency pairs.
Some of the features of ZED Platform include:
- Decentralized Platform - ZED Network is built on a network of servers all over the world and validators will be run by community members external to ZED Platform. These servers are maintained by different individuals and entities. If ZED, Inc. were to disappear, the network would continue to confirm transactions, and anchors could still integrate with the network at any time.
Distributed Ledger- ZED Network is built on a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions. There is no central administrator or centralised data storage.- Risk Mitigation- ZED is not an anonymous currency. We will target accredited investors only and perform Know Your Customer (KYC) for each ZED token/coin issued during Initial Coin Offering (ICO). Furthermore, exchanges offering ZED will be required to perform KYC validation to buy or sell ZED. Every transaction on ZED is encrypted and recorded on a blockchain that traces back to the genesis block.
- No Mining - ZED Network does not require mining, therefore transactions are faster and cheaper that BTC and ETH
- Currency Fluctuation- ZED is a free flowing currency. However, we employ hedging strategies to alleviate any currency fluctuation risks for remittances initiated with ZED for a duration of time which allows recipient to convert their ZED currency into other crypto or fiat currencies of their choosing which usually takes only minutes with little to no hassle.
- Management Team - ZED management team consist of seasoned executives with decades of experience in technology, money transfer, B2B and consumer applications.
- Market Segment - ZED believes in immediately getting ZED into circulation in the emerging market countries in Asia, Middle East, Africa and LATAM where cryptocurrencies can thrive in the vacuum that exists for financial inclusion.
- Licensing - It is our belief that as a network operator, facilitating payments between two licensed MTOs, ZED will not be required to have its own Money Transfer License. However, should any of the government jurisdictions require it, we will be in a position to apply for or acquire Money Transfer Licenses worldwide.
1- Banking Problem
In recent years, government regulations and compliance costs have created a toxic environment that is causing banks to shut down accounts of thousands of small to medium sized MTOs.
Hence, MTOs are constantly looking over their shoulders, worrying about their banking relationship, without which they could not survive.
Without a solid banking relationship MTOs are hesitant to invest in technology or innovations, opening doors for new age, digital first remittance companies such as Azimo, Remitly, Transferwise, WorldRemit and ZipZap that further erode their market share.
2 - Cash Flow Issue
These regional remittance companies are forced to create multiple Nostro accounts in every market and corridor they wish to operate in or use a network of correspondent banks all of which require significant prepaid deposits to enable same day payouts (which consumers demand).
This cash flow requirement is a major obstacles to the growth of MTOs . It is also highly inefficient and further drives up costs for end users and corporate clients.
3- Technology Challenge
Cash starved MTOs are spending most of their resources on compliance and maintaining their customer base with ever decreasing margins. The therefore have no resources to invest in technological innovations, many of whom still have no web site or mobile apps despite high customer demand.
The combination of lack of banking support, ever tightening regulations, tight cash flow and lack of technological innovation to break the cycle, have forced many MTOs to branch out into offering other services (e.g. long distance airtime, wireless phones, gift delivery, etc.), be acquired or shut down.
The impacts to customers are high fees and low exchange rates and in some cases, as in Somalis in UK when Barclay shut down hundreds of Money Service Business accounts a few years ago, was the complete elimination of remittance services to Somali which resulted in starvation and death of their loved ones back home
Our solution is to come up with a SaaS platform along with a single cryptocurrency that can be used for transmitting value between entities across the globe without actually moving funds through intermediary banks.
Introducing ZED
ZED is a cryptocurrency enabled platform that powers global money transfers in real time.
ZED Network is powered by the ZED currency, which is purpose-built for remittances, enabling instant money transfers across the world.
ZED Platform is a compliance-friendly SaaS solution enabling Money Transfer Operators to leverage leading blockchain technology to rapidly scale their business.
For small to medium sized MTOs that can't effectively compete with larger MTOs due to banking, technology and cash flow issues, Zed offers a SaaS platform built on a distributed ledger that reduces costs and transaction friction.
Unlike the current SWIFT system, the ZED Network eliminates dependency on banks in favor of a global, distributed network of licensed Money Transfer Operators to create a faster, cheaper, more transparent money transfer network.
With a single currency to manage globally, ZED is able to efficiently move capital across the world and between partners with negligible costs.
In time, Zed Platform will eliminate the dependencies that small to mid tier MTOS have on banks and reduce their operating expenses, freeing up much needed capital for growth in other markets and corridors.
Furthermore, with funds moving in both directions, ZED helps small remittance companies neutralize the significant advantages that large, global MTOs have when they net settle funds between their various geographically dispersed entities.
It is a little known fact that large MTOs do not actually need to move the full amount of the remittances across the globe even though they charge their customers the full FX cost. In reality, these global companies only send the net difference amount between two corridors. For example, if Western Union needs to send $1M from CAD to PHP, and in return they also have to send $750K from PHP to CAD, they will net settle and only transmit $250K from CAD to PHP.
The issue gets far more complex when these sophisticated large remittance companies, with dozens of currency traders and treasury personnel, move multiple currency pairs. For example the trade above could be changes to be CAD → USD→ PHP and the reverse (PHP → USD→ CAD) or even more complicated than that such as: CAD→ USD→ GBP→ INR→ PHP and vice versa.
Small MTOs simply have no resources to manage complex global FX transactions and they cannot rely on banks or FX intermediaries/hedge funds managers like Cambridge Global Payment with large FX margins and minimum transaction sizes.
Smaller intermediaries like Currency Cloud are somewhat cheaper but they, too, have upfront integration costs, monthly administration fees and monthly minimum fees and volume commitments that are far outside of the remittance companies affordability. They are also limited to a dozen or so major currencies and will not be of much use for non- prime currencies.
ZED does not require a bank account, is completely private and secure, and charges MTOs a small transfer fee of 0.25% or 25 BP after the first year of operations.
Why ZED?
ZED reduces remittance costs by helping small to mid sized MTOs compete more efficiently using blockchain technologies.
Distribution
ZED Network. is a for profit company based in Ontario, Canada and the custodian of the ZED monetary system and protocol .
ZED will issue Z38 Billion coins with the following distribution:
Sell Z8 Billion in a Token Sales Event to raise money for management, growth, licensing, acquisition and expansion
Retain Z8 Billion by Company to pay for staff and operation expense
Allocate Z8 Billion for use by developers, partners and the ZED community
Release Z6 Billion for sale on a predetermined, scheduled, annual basis as outlined below
Unlock additional Z8 Billion for sale upon achieving certain volume levels outlined below
Read the rest of the White paper here: https://docs.google.com/document/d/1aBhsROQL5Cz2om7Six4sGKPLeUiNNAqVT_u0Vju-quY/edit#heading=h.1946w2x0xt96
ZEDNetwork website is open-source and on Github. Website : zed.network
The Official ZED Slack is http://zednetwork.slack.com, come by and talk with the community! The Invite link is : https://join.slack.com/t/zednetwork/shared_invite/enQtMjQ3NTc4MDc3Mzk4LTM0NjQxZjY4YTRkYzJiOWI5ZDIzMjQyY2JjYTNlZGJhMmMyZDM5ZTgxYTJkMzE2NTEyMjQ0NzJjZGEzMDQ1NWM
https://i.imgur.com/gWRsuaN.png
