ZB tokens are the internal cryptocurrency of the ZB exchange of the same name. This exchange is a Chinese digital asset trading platform. Due to the fact that in China there is a ban on the use of cryptocurrency at the legislative level, this trading platform was registered in an offshore zone (in Samoa).

This service provides services not only to residents of China, but also to citizens of other countries. The ZB token maximally implements the scheme of additional services and privileges presented by the company. Coins can be used not only for exchange, but also as a means of payment on this site. In addition, they can be used to acquire the "VIP" status, which allows users to receive all kinds of discounts on transactions and gives access to special events of the exchange that are closed for public access. The token was officially launched by the developers of the exchange on September 27, 2018. This digital coin operates on the Ethereum platform.

About the ZB project

The project is young enough. The site was officially presented to the public on November 1, 2017. The development of this project was carried out by the team of ZB Network Technology Limited. Initially, this exchange functioned exclusively in test mode, being at the stage of revision.

At this time, the developers were introducing additional functionality. Users were able to register only from the beginning of December 2017. At this time, the creators put forward a proposal to distribute the exchanges profit among all users. Such an action took place for a whole month, from December 1 to December 31, 2017. Anyone who had a desire could register and receive a reward from the company for carrying out various kinds of operations on this site. Already on August 16 of the following year, the management of the presented site opened another division, but this time in Malta, which is distinguished by its loyal attitude to cryptocurrency projects. In September 2018, the developers launched a cryptocurrency token. Today it is used as an internal means of payment.

Special attention should be paid to the availability of a user-friendly mobile application on the exchange. You can download it directly on the official website. The development team has been implementing this application so that users can find out the information of interest and carry out transactions in any place convenient for them.

The issue of security also plays an important role, as it certainly worries traders. In this case, it should be noted that the number of fraudulent intrusions has increased significantly today. In addition, the creation of phishing sites has been observed that use the interface exactly copied from the main platform. Therefore, before performing any financial transactions, it is imperative to check the entered domain name.

The technical features of the system are at a fairly high level. When carrying out financial transactions, it is expected to enter an individual code, there are CCL certificates that allow you to ensure reliable protection of electronic wallets from fraudsters.

ZB features

ZB cryptocurrency is a universal internal token for exchange on the ZB site. Despite the fact that today ZB operates on the Ethereum blockchain, it is planned to launch it on the public network in the future. Thanks to this token, it is possible to implement various scenarios in the ecosystem of the site, due to which support is provided directly to the exchange products. In addition, through the use of this token, the program of incentives for users of the cryptocurrency exchange is fully implemented. The coin is used to provide unhindered access to the special features of this site, to receive all kinds of discounts and bonuses from trading.

It is possible to learn more about all the offered discounts by simply going to the official website of this site. There, users are provided with comprehensive information in an accessible and understandable format. In addition to all of the above, holders of internal tokens were granted the right to participate in the management of special events of the exchange launch panel. The following circumstance should also be highlighted: the developers provide that 400 million coins will be used directly by the exchange fund in order to protect the assets and income of users. During the first five years after the launch, as the developers plan, the site will buy back 25 percent of the trading commissions every month. This, in turn, will significantly reduce the total circulating volume of tokens in the market. As a result, after the implementation of this event, the cost of ZB will increase significantly.

The currency is fully decentralized, therefore, where the user is located, it does not matter at all for making any payment transactions. The currency is not linked to a specific country. In addition, the availability of funds in the account is not taxed, which is quite beneficial for entrepreneurs. However, it should be noted that for this reason, cryptocurrencies are prohibited in many countries.

Thanks to the perfectly working security system, third parties are not able to obtain any information regarding the balance of assets in your electronic wallet or the amount for which the transaction was made. As a result, absolute confidentiality of the transactions is ensured. Transactions are made as soon as possible, which is an undoubted advantage of this system.

The basis of the presented cryptocurrency, like many others, is such principles as decentralization, open access for users, high reliability and publicity. Each of the above points is fully implemented. Users can be absolutely confident in the safety of their financial assets through the development and implementation of modern systems. In addition, complete privacy of users is ensured. You should also pay attention, if we consider the cryptocurrency exclusively at the user level, the convenience of the created wallet. There is a high speed of transactions, completely regardless of their size. The creators of the project regularly improve their idea, because it is important for them that this cryptocurrency is in demand among the mass consumer. However, it performs the function of a means of payment so far exclusively within the ZB exchange. And the fact that it is impossible to exchange for fiat money should be separately highlighted. In order to buy ZB, you will need to initially exchange fiat for another popular altcoin, and after that you can make a purchase.

Users are presented with modern tools that can be used on the platform. The developers plan to integrate new, more advanced features that will be based on the most modern developments. In the future, the creators plan to develop assets that are maximally adapted to the requirements of most users and that can be used in various fields of activity.

How is ZB created?

Nothing is said about mining this cryptocurrency. But, in fact, it is not needed, because the emission of cryptocurrency is carried out directly by the developers. You can either buy ZB directly on the exchange, which has the same team of creators, or get it as bonuses when trading directly on this exchange. As stated above, the ZB crypto exchange rewards users for activity with internal tokens as an incentive.

Is ZB infinite?

To date, only three exchanges are traded using the ZB cryptocurrency, each of which is quite young and little-known. Despite this, the developers plan to conclude agreements over time to bring the crypto to the worlds leading markets. Today, the cryptocurrency is fully suitable for its direct purpose, which is to play the role of a means of payment directly on the ZB exchange.

There are 463.2 million coins in circulation at the time of writing. Market capitalization indicators are $ 82 million, due to which ZB is ranked 53rd in the overall ranking of cryptocurrencies by this criterion.

Strengths of ZB

ZB has an impressive number of advantages, among which the following can be distinguished separately:

a fairly modest amount of commission and a low cost of carrying out operations to withdraw funds are provided, due to which work on the site is profitable;
a modern security system has been introduced, due to which users can completely not worry about the safety of their tokens;
an impressive variety of cryptocurrency pairs is presented, thanks to which users have the opportunity to independently choose the most profitable options;
you can use not only a personal computer for work, but also any gadgets, since there is a mobile version that provides convenience during work, regardless of location;
the interface is completely clear and easy to use.
Due to the presence of the above advantages, there are prospects for ZB to continue to exist and gain popularity among users. Investors are already actively interested in the project today.

ZB in TOP currencies

As a result, it must be said that the ZB token is a kind of universal tool through which the official scheme of additional services and incentives is implemented on the site of the same name. The main purpose of this cryptocurrency is to attract new users to the exchange to increase its level and popularity in the cryptocurrency market. In addition, it should be noted that the token is deflationary, which means that the price of ZB can only rise over time. However, at the time of this writing (December 2019), the cost of ZB does not even reach one dollar. The ZB price is only 19 cents. However, the creators promise that in the near future the situation will change in a positive direction.

In the future, the developers plan to create their own ZB blockchain, where all elements of the crypto exchange will operate. After that, ZB tokens will act as an internal payment facility for this ecosystem. However, today, from a technical point of view, this cryptocurrency is not recommended to be seriously considered, because at this stage of development, the main purpose of the token is to provide users with additional profit by performing various operations on the exchange.

There are some drawbacks that prevent the demand for cryptocurrency from increasing. We are talking about such moments:

work becomes more complicated due to the fact that there is no version of the site in Russian;
support operators do not always process requests, even in English;
fiat currency is not allowed to be used in trading;
the site is very young, therefore it does not have an excellent reputation and user confidence.
The online reviews are quite positive about both the exchange and the internal token. However, it is not yet recommended to invest significant amounts of money, since there is no stability or regularity in the growth of the ZB price. If you still want to invest in this project, it is better to use non-critical amounts.