Hello everyone in this article I will present an interesting ICO analysis, called Zypcoin, based on some of the following criteria:
What is Zypcoin?
Zypcoin is a cryptocurrency based on the Ethereum blockchain which will serve as a medium of exchange and utility token for the Zypcoin ecosystem. Zypcoin is an ERC20 standard token that establishes a common set of rules for tokens issued on the Ethereum blockchain. The borderless nature of cryptocurrencies allows for value to be exchanged within minutes using just a user͛s mobile phone. As such, Zypcoin serves to tokenize a user͛s mobile number, and allows users to purchase supplies, services, and products within the ZYPLINE network.
In the future, Zypcoins will be the only way to establish online pages attached to a mobile phone number. Users wanting to create their page on Zypcoin would be required to purchase through the Zypcoin website, application, or through an approved ZYPSTATION or partner, who can transfer fiat to Zypcoin in real-time and establish a ZYPLINE page in minutes. Once the flyer e-commerce product is available to the global market, Zypcoin will likely be the primary medium of exchange, allowing for a seamless and user-friendly experience when purchasing through a ZYPLINE page attached to a mobile number. The use of Zypcoins allows for merchants and local business anywhere to accept cryptocurrencies using just their mobile number.
The Zypwallet will allow users of ZYPLINE and holders of Zypcoin to send and receive view their balance, view their transaction history, and more. The Zypwallet and Zypcoin serve as the gateway to the ZYPLINE ecosystem and grants access to their global network of users and partners. The Zypwallet will also allow users to receive rewards and promotional tokens through the Zypcoin Community Fund.
The Zypcoin Community Fund will be used to incentivize participation in the ecosystem. Tokens are used to fund community initiatives and specific future developments. Tokens will also be distributed directly to participants in the Zypcoin network based on predetermined events and initiatives directly benefiting the ecosystem.
Zypcoin will fuel the distribution and expansion of a patented and operational product and network with applications that are relevant to global markets. One of the major values and unique advantages of Zypcoin is its versatility and unlimited potential uses within the ecosystem and in adjacent networks. Systems will be developed to distribute tokens based on various contributions to the network. Additionally, user kits and instructions will be available to inform all participants of how they can benefit the ecosystem and how Zypcoin can benefit them.
Example Distribution Model & Work Flow
The Zypcoin product family is based on a new and breakthrough patented technology that displays information posted by the owner of any phone number onto a callers screen. This the transforms the black screen of everyday phone calls into a rich real-time display experience, between caller and call recipient, and opens a huge new information-sharing opportunity and creating a unique and powerful channel for billions of new impressions, not available with any other system. The number can also be used on various browser application and view the same content. This opens up simple but powerful methods for users to post and obtain online information without the current technical and resource expenses.
There is no direct competition to the Zypcoin Service which provides an instant display associated with an existing telephone number – such service does not exist and that is the basis for the Zypcoin patent. (And the “White Space” market opportunity).
Zypcoin patents relate to new methods to post and retrieve/display information using phone numbers (and other indexes) and are part of an issued patent: USPTO No. 9,262,606. Included in the filing are multiple embodiments or use cases that support many future products build on the connection platform and basic registration.
USE OF PROCEEDS
Anticipated Use of Proceeds:
Product/Software Development (35%)
Much of the proceeds from the fundraising will go directly towards product and software development and includes funds which will help Zypcoin introduce, innovate and improve its product offerings.
Marketing is an essential business activity which drives users and partners towards a business or product. This portion of the budget is reserved for expenses related to driving awareness towards ZYPLINE.
Operations/ General & Administrative (30%)
These funds will go towards the company͛s main operating expenses which ensure the continued growth and maintenance of the organization.
Legal & Contingency (10%)
This portion of the budget is allocated for unforeseen or legal expenses.
This multifaceted strategy will allow enable ZYPLINE to become a leader in this large open global market. The following outlines this plan and presents key milestones for its delivery.
Q2 2018 – ICO COMPLETE / 4-YEAR PLAN COMPLETED / CORE TEAM IN PLACE
- Complete pre-sale and public sale
- Close ICO activate network - distribute tokens to holders
- Move appropriate consultants / contractors to permanent key staff
- Hire additional staff: Development, M&A staff, BizDev and marketing executives
- Marketing & Community outreach including commencement of Bounty Campaign
- Update basic posting app & system
- Network distribution and systems tested
Q3 2018 – BUSINESS DEVELOPMENT & SALES TEAM TRAINED AND LAUNCHED
- Conduct pilot tests with selected distributors/agents
- Set up biz dev units for key market segments
- Official launch – register customers on the network enabling posting of business profile
- Marketing Road Show and local street events
- Develop acquisition targets
Q4 2018 – ZYPCOIN ECOSYSTEM DEVELOPMENT / START ACQUISITION PROGRAM
- Rewards system for distributors and agents in place
- Create advertising options for network and profiles
Q1 2019 – TEST ZYP WALLET / TEST ONLINE CATALOG AND MERCHANTS
- Create Supply channels to accept Zypcoin
- Enabling distributor to buy supplies and services.
- Test flyer ecommerce
- Payment gateway integration
- Test using ZypWallet (or partner wallet) to make purchases in field
2019 – 2021 – EXPAND AND GROW BUSINESS AND ECOSYSTEM
To contribute and Know the progress of this offer, you may visit some of the following Links:
The bitcointalk name: Aray80