What is Zephyr Coin?
The Zephyr Coin is developed by Bitspark and is used to eliminate banks in global transaction traffic. It uses more than 180 cryptocurrencies under the Zephyr project, which should have the same payment characteristics as classic Fiat money. This approach is intended to make the Zephyr platform a payment platform for everyday use. In doing so, the developers are rewarding the Zephyr investors by using 25% of the fees charged to complete transactions to buy back Zephyr tokens from the market . This should be a positive price development and investors should be rewarded by price increases.
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Zephyr Coin – The Roadmap
In the project Zephyr there are important milestones, which should accelerate a positive development. These include, for example, the application Sendy, which was introduced in early 2017 for mobile devices. With this app, users can transfer money faster and easier. Sendy is supported by the Bitspark referral ecosystem. This network is used for the secure transfer of tokens and should convince in particular by a comfortable use. As early as 2014, the Bitspark online platform was launched.
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This is the first payment platform based on a blockchain . With support from financial institutions, governments, and the crypto community, this platform is currently leading Blockchain referral traffic in terms of innovation capability. Already in the first quarter of 2018, a publication of the payment network in Tajikistan will take place. Following the successful test of the network, a worldwide introduction of the payment network will then be carried out. This process should also take place in the first quarter of 2018.
Which team is responsible for the development of the Zephyr Coin?
The Zephyr Coin is being developed by Bitstark Inc., which is based in Hong Kong. The first project of the team was the development of a payment network for the transfer of bitcoins . Payments should first be made between Hong Kong and the Philippines. Following the successful completion of this project, the Zephyr project was initiated, which is also supported by Cyberport – a state-owned initiative for new technologies.
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The Bitspark team was founded by George Haarap and Maxine Ryan. George is currently CEO, while Maxine is COO. The leadership will be complemented by Bohdan Varshchuk in the role of CTO. Taras Voytovych is also a project manager. Igor Petrukh and Valeriy Lavasov take over the development of new technologies in the team, while Katya Idyartova carries out the quality control. Zhanna Yuskevych is responsible for the design of the platform as well as the applications. The implementation of services on mobile devices is being driven by Roman Kubik and Ivan Sadovyi.
What is the current market capitalization of the Zephyr Coin?
Since November 10, 2017, the Zephyr token is in official trading on markets. The token is traded under the symbol ZEPH. As of the issuance date, a market capitalization of USD 2.12 million was realized. Here, a price per token of $ 0.0168 was charged. Currently, the price per token is $ 0.2788. In addition, around 125.9 million tokens are in circulation, resulting in a market capitalization of $ 3.5 million. Daily trading takes place in particular between ZEPH and BTS. But BITUSD, BITCNY and BTC also play an important role in trading.
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