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Topic: [ANN] ZEMPA - Universal Wallet Cancelled - Taking Another Direction - page 3. (Read 4627 times)

full member
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MoonRunner.io
Thank you.
 We have what we expect to be a very good animated explainer video coming that should help a lot.
full member
Activity: 279
Merit: 102
At a first glimp I didn't really understand how the thing works. I'll try with the whitepaper. Will you have also social bounties?

I would have included images to show certain things but I'm not able to yet.

To try and explain here most easily:
Users deposit cryptocurrencies into their Zempa Universal Wallet. Using their GUI, they can select which currencies they want to contribute to the Pool to be used by others.

User A deposits $400 worth of Currency A into the Universal Wal
let as well as other currencies.

They select Currency A to be accessible by the system for transactions. 

User B deposits $600 worth of Currency B into the Universal Wallet and selects their currency to be accessible by the system for transactions.

User A initiates a transaction online requiring Currency B, which they do not currently own as confirmed by the system first.
The system calls the Universal Wallet to locate an available sum of that currency matching User A’s desired amount.

The system then calculates User A’s current holdings against the current market value to ensure they can replenish the value of the desired currency’s value, wherever it may come from.

Once User A’s holding value is confirmed, the system looks to internal stock of the desired currency to complete the initiated transaction. If the internal stock is depleted, the system looks to contributing user holdings for the desired currency at which point User B’s available Currency B is calculated against current market value.

Once the desired sum of Currency B has been discovered and calculated, the transaction is completed on behalf of User A. The value of Currency B is reassigned from User A in Currency A to User B as well as a reward in Zempa for having the desired currency available. 

User B may then go to the ZempaCoin.com business directory to spend their hard earned rewards on products or services at a discounted price, hold them or trade them on various exchanges.

User A saved a great deal of timeavoiding what could be multiple transaction confirmations as well as fees typically incurred during such an exchange in order to obtain the desired token.

Thank you, this is a very good and clear short explanation!
full member
Activity: 140
Merit: 100
MoonRunner.io
Interesting project. So zempa can be used for purchasing goods also in future. That's really good. It took me half an hour to understand this project. But its really a good project . But on what basis zempa will be issued to user B? I mean on what basis you are going to  reward UserB ,in Zempa for having the desired currency available

Zempa will be issued to contributing users based on the demand score of a currency. The demand score will be established based on market cap, price potential and other factors that will be updated constantly.

Zempa is meant to offset potential losses to a contributor for having currency of theirs used by another user in exchange for a potentially less valuable coin (they would be equally valuable sums on the time of the transaction but one may be poised to increase in value that day over the other).

newbie
Activity: 90
Merit: 0
Zempa is a good site for harvesting vaste profit.
legendary
Activity: 1267
Merit: 1000
BabelFish - FISH Token Sale at Sovryn
Interesting project. So zempa can be used for purchasing goods also in future. That's really good. It took me half an hour to understand this project. But its really a good project . But on what basis zempa will be issued to user B? I mean on what basis you are going to  reward UserB ,in Zempa for having the desired currency available


legendary
Activity: 2590
Merit: 1089

Smiley Here you the french Ann is up.
   
"[ANN] ZEMPA -Plateforme Pool Wallet Communauté Crypto- Utilisez Coins Non Acquis "

https://bitcointalksearch.org/topic/ann-zempa-plateforme-pool-wallet-communaute-crypto-utilisez-coins-non-acquis-2160244
full member
Activity: 140
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MoonRunner.io
Id like to get a list of questions from followers on things that you may or may not understand moving forward to help others.
53 days and counting and it seems like some still dont quite understand the problem Zempa is solving. It reads a bit confusing.
full member
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MoonRunner.io
Added an updated Spreadsheet to OP listing current translations and needed translations.
legendary
Activity: 2590
Merit: 1089
full member
Activity: 140
Merit: 100
MoonRunner.io


That image should explain things pretty well. As was said earlier, you can't use a sum of another currency that is greater than the sum of another currency you already own as you will ultimately pay back the contributor of the currency you used instantly with the currency you have.

Maybe take coins out of the picture. Imagine having a piece of chicken that weighs ten ounces. You want to trade it for a box of matches but the seller will only accept 10 ounces of jelly beans. You buy the matches using someone elses jelly beans and give them your chicken...make more sense?

As for exchanging the Zempa Coins from the seed phase token sale for the ERC-20 Zempa, we will likely set it up through the WAVES dex by putting the Zempa on sale at half the price of Zempa Coins and everyone will be able to purchase them with Zempa Coins.

We may utilize another method but for now that is the plan.
sr. member
Activity: 490
Merit: 250
https://www.youtube.com/embed/ZfPy3zbDKGk

Hopefully that makes things a little more clear while waiting on the Explainer video contest to pick up.


New Explainer video Added: https://youtu.be/I6XlKoHpKJo

More of a promotional video.
I think they should add these videos to the OP Smiley
full member
Activity: 434
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Leading Cryptocurrency and Blockchain Company
I think that, while the project is difficult to understand at first, has lots of potential.
Thank goodness Im not alone i tried to understand it but couldnt really understand the whole concept maybr some videos can explain it
full member
Activity: 434
Merit: 102
Leading Cryptocurrency and Blockchain Company
I haven't understood the whole concept very well after reading the problem you seek to solve.Maybe this question i have can help me understand better.So invariably you mean to say the solution to the current problem is a pooled fund where some one can access another person's funds and payback later or?pardon me but i didnt quite catch the drift
sr. member
Activity: 490
Merit: 250
I think that, while the project is difficult to understand at first, has lots of potential.
full member
Activity: 140
Merit: 100
MoonRunner.io
Great, thank you!
sr. member
Activity: 420
Merit: 250
Hi everybody

ZEMPA ANN and  WHITE PAPER are now available Portuguese language on https://bitcointalk.org/index.php?topic=2153715.new#new!
Thanks!
full member
Activity: 140
Merit: 100
MoonRunner.io
Thank you!
Happy to have you aboard!
legendary
Activity: 2590
Merit: 1089

The Zempa Platform is a Decentralized Community Pooled Wallet With Associated Eco-System
Initiate Transactions With Crypto Currencies You Dont Own - Be Rewarded For Contributing High Demand Currencies You Do Own

Zempa Website: Zempa.io
Download Whitepaper



Pre-ICO Phase
On October 31st 100,000,000 Zempa Coins will become available on the WAVES DEX in the form of a sell wall. Contributors will find options for BTC, BCH ,ETH and WAVES at a cost of .25 cents ea.
The Public ICO will be announced at the completion of the Pre-ICO and Zempa Coins will be transferred into ZEMPA at a ratio of 1 for 2 thus providing a 100% return for early adopters that participated in the Pre-ICO phase.

ZEMPA will be an ERC-20 Token established on the Ethereum Blockchain.



legendary
Activity: 2590
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Smiley PMed you

Vive Zempa !
full member
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MoonRunner.io
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