Crypto Exchange Cobinhood announced a recent partnership with financial solutions startup Zeux, wherein the former will support and advise the launching of the latter’s initial coin offering (ICO), according to a press release on October 2.
The announcement also said that the funds that will be received will go straight to the development of the Zeux Project. ZeuxCoin (ZUC) will utilize its smart contract to make sure that all remaining tokens unsold at the ICO’s conclusion will be burned to protect the participants’ funds from dilution.
Passing Down The ICO Wisdom
Cobinhood will support the startup in its ICO, especially in providing business model consultation, smart contract code review, as well as the legalities, deployment procedures, and marketing support.
Popo Chen, Co-Founder of Cobinhood, noted that in 2017 alone, ICOs were able to raise over $7 Billion. “Zeux is bringing much-needed technology to the cryptocurrency space,” Chen said, as financial services around the world are struggling to keep up with rapidly growing cryptocurrency demand.
Merging Traditional Investment With Crypto
Zeux is a single-entry investment platform that merges traditional investment options with crypto investment opportunities. It aims to provide its customers with a means to manage their financial portfolios with ease. All transactions will be done in a very secure environment that applies the topnotch cyber system security protocols.
Frank Zhou, CEO of Zeux, said that they are excited to proceed with the ICO, so that they would be able to deliver a “revolutionary regulated solution” which will make transactions fast, secure, convenient, and reliable.
Financial services, such as payments, forex, and investment, play important roles in our daily lives as consumers. However, most of the products provided by traditional financial organizations have not been designed with ease of access, simplicity or affordability. Zeux aims to make investing less of a hassle, while making it easy to access crypto investment products and decreasing the cost of expensive international transactions through one integrated solution.
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