It is necessary to validate KYC data so that you can withdraw a high amount, because in several exchanges currently they request this verification, so in ZEUS will be requested?
Yes, it certainly is.
Topic: [ANN] ZEUS EXCHANGE: HOW TO CONNECT FINANCIAL AND CRYPTO MARKETS? - page 3. (Read 757 times)
June 09, 2018, 09:16:58 AM
Yes, it certainly is.
June 09, 2018, 08:54:36 AM
thanks for your email,
i will check for updates here from time to time.
if you need german translations at some point please get in touch via PM.
good luck with your project!
layer1gfx
i will check for updates here from time to time.
if you need german translations at some point please get in touch via PM.
good luck with your project!
layer1gfx
Awesome, thanks a lot!
June 09, 2018, 08:53:09 AM
That's a good one. Especially about nem technologies - cold or hot wallet and some other technologies you've mentioned in your post
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Yes, on the blockchain side we will be using NEM multi-signature technology, NEM hot-cold wallet technology and any other levels of security chosen by the client in addition to our services. In addition to that we will be using blockchain monitoring instruments for the compliance purpose.
[/quote]
Yes, on the blockchain side we will be using NEM multi-signature technology, NEM hot-cold wallet technology and any other levels of security chosen by the client in addition to our services. In addition to that we will be using blockchain monitoring instruments for the compliance purpose.
June 09, 2018, 08:44:32 AM
It is necessary to validate KYC data so that you can withdraw a high amount, because in several exchanges currently they request this verification, so in ZEUS will be requested?
June 09, 2018, 08:35:27 AM
Could you briefly explain how does withdrawal process differ depending on assets?
Sure - and you can check the overall deal flow via http://files.zeus.exchange/20180608-zeus-exchange-white-paper-v2-eng.pdf
Withdrawal of assets
1. Client sends a withdrawal order for currency, cryptocurrency, shares or digital shares to Zeus Exchange.
2. Zeus Exchange executes a withdrawal order through bank transfer, the ACAT system or through the transfer of cryptocurrency and digital assets after the exchange has cleared such transfer (specific clearing hours will be established later, but the general clearing procedure will be conducted 1-2 times per trading day).
June 09, 2018, 08:28:27 AM
btw how do i open an account on your platform?
Depending on your country of residence (if we operate in your country, that is); and when we launch, you would be able to register, provide documents for the compliance, and then receive your account details. You can check a description of the process in our White Paper too. http://files.zeus.exchange/20180525-zeus-exchange-white-paper-v1-eng.pdf
Here's short version:
Open account and deposit assets
1. A client opens an account at Zeus Exchange and goes through ‘know-your-client’ (KYC) procedures. A client also supplies his bank account details for settlements in money, bank and broker details for settlements in money and shares, and e-wallet details for settlements in cryptocurrency.
2. Once KYC is completed, Zeus Exchange signs a broker agreement with the client, and assigns a unique client ID. Zeus Exchange also provides its bank account details, broker details and e-wallet instructions.
3. A client wires the assets (currency, cryptocurrency, shares) into the Zeus Exchange accounts under the broker agreement, and Zeus Exchange conducts the anti-money-laundering (AML) checks to verify the source of the funds involved in transaction.
4. Once AML checks are completed, and the money transfer is complete, a client receives his trading limits in broker account system.
5. Finally, Zeus Exchange sends details to the client to enable him to access the trading terminal using a unique ID.
June 09, 2018, 08:19:57 AM
Can you tell us more about safe operation tools you are planning to use? Or maybe give a link to some information about that
Hi! Thanks for the question! All licensed financial services companies must adopt reasonable security practices, that follow regulatory rules. It generally includes data security systems, sybersecurity programs, compliance certifications and documentation, penetration testing and vulnerability assessments, multi-factor authentication - and qualified cybersecurity personnel.
Zeus Exchange will be regulated as a finanical services company. As such, we would be adopting these cybersecurity practices under our licenses, and we will be adding blockchain cybersecurity practices, based on current market practice.
June 08, 2018, 02:41:36 AM
thanks for your email,
i will check for updates here from time to time.
if you need german translations at some point please get in touch via PM.
good luck with your project!
layer1gfx
i will check for updates here from time to time.
if you need german translations at some point please get in touch via PM.
good luck with your project!
layer1gfx
June 07, 2018, 02:23:25 PM
somewhat ambiguous view, much is described in the draft but there is nothing revolutionary and the regulatory requirements bypass the creation of several accounts
June 07, 2018, 02:06:31 PM
Could you briefly explain how does withdrawal process differ depending on assets?
June 07, 2018, 01:34:05 PM
btw how do i open an account on your platform?
June 07, 2018, 12:42:47 PM
The only thing I don't understand is how your platform benefits from allowing to trade from $100 and such little shares
Actually, that's exactly a new window of opportunity. Micro investors, who are interested to invest just a bit or invest with a spare cash, or simply gamble with a little of money represent an already huge and growing market. Take a look at Acorns, or Stash as examples in classic finance.
Trading of digital assets on the exchange secured by real assets of the financial market (stocks, bonds, currency) may be of interest to all market participants.
The small private cryptoinvestors will have access to owning a real financial asset for the cryptocurrency while remaining in the crypto market ecosystem. Small private financial investors will receive a clear and accessible mechanism for entering the crypto market.
Professional traders will be able to diversify their trading strategies and hedge their positions. They can easily move from the Fiat market to the crypto market and back.
Large private (family) capital will be able to diversify their financial assets and receive additional profits from their possessions.
Large professional investors will receive an additional mechanism for hedging their investments, long-term investments and possession of financial and crypto assets.
June 07, 2018, 12:29:47 PM
How does digital asset work?
Digital asset is a mirror token that is issued for an underlying asset at Zeus. Traditional (fiat) assets used to back digital assets issued by Zeus, are held by the prime-broker, and thus enjoy all the traditional levels of protection (custodian, regulatory, security). Digital assets issued by Zeus are held in the public blockchain, ensuring full transparency.
Digital asset is a mirror token that is issued for an underlying asset at Zeus. Traditional (fiat) assets used to back digital assets issued by Zeus, are held by the prime-broker, and thus enjoy all the traditional levels of protection (custodian, regulatory, security). Digital assets issued by Zeus are held in the public blockchain, ensuring full transparency.
June 07, 2018, 09:49:03 AM
The only thing I don't understand is how your platform benefits from allowing to trade from $100 and such little shares
Actually, that's exactly a new window of opportunity. Micro investors, who are interested to invest just a bit or invest with a spare cash, or simply gamble with a little of money represent an already huge and growing market. Take a look at Acorns, or Stash as examples in classic finance.
June 07, 2018, 09:35:10 AM
Quote
All our actions are fully compliant with applicable legal and regulatory requirements in each of the jurisdictions of our operations
What are the countries where Zeus Exchange will operate?So for example in the countries where the government bans crypto it will work just like traditional exchange ?
We consider Malta, Gibraltar, Estonia and Singapore, as well as Switzerland, Luxembourg and Lichtenstein as the most favorable jurisdictions to launch our initial operations and would seek to subject ourselves to regulators in one or a number of those jurisdictions depending on the operational model we chose.
We fall under a set of financial licenses and crypto lisenses (or similar ways to operate with crypto). It means, that generally we have to have a license to offer a service, so if the country bans crypto, we would still have to register there, and that decision would depend on the market zise a lot.
June 06, 2018, 02:49:33 PM
The only thing I don't understand is how your platform benefits from allowing to trade from $100 and such little shares
Actually, that's exactly a new window of opportunity. Micro investors, who are interested to invest just a bit or invest with a spare cash, or simply gamble with a little of money represent an already huge and growing market. Take a look at Acorns, or Stash as examples in classic finance.
June 06, 2018, 09:45:43 AM
Can you tell us more about safe operation tools you are planning to use? Or maybe give a link to some information about that
That's a good one. Especially about nem technologies - cold or hot wallet and some other technologies you've mentioned in your post
June 06, 2018, 09:33:01 AM
Can you tell us more about safe operation tools you are planning to use? Or maybe give a link to some information about that
June 05, 2018, 06:45:44 PM
The only thing I don't understand is how your platform benefits from allowing to trade from $100 and such little shares
Actually, that's exactly a new window of opportunity. Micro investors, who are interested to invest just a bit or invest with a spare cash, or simply gamble with a little of money represent an already huge and growing market. Take a look at Acorns, or Stash as examples in classic finance.
June 05, 2018, 06:34:58 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.
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