ZMT Asia's Leading Digital Asset Exchange Zipmex Tokens (ZMT) - ZIPMEX TOKEN
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ZMT
ZIPMEX TOKEN
Asia’s Leading Digital Asset Exchange
Zipmex Tokens (ZMT)
www.zipmex.com
Whitepaper
Version 2 – As at 15th February 2021
ZMT ZIPMEX TOKEN
DISCLAIMER This whitepaper is intended for informational purposes only and to present Zipmex Tokens (ZMT) to potential holders of ZMT. The information below may not be exhaustive and does not imply any elements of a contractual relationship. The sole purpose of this whitepaper is to provide relevant and reasonable information in order to enable a thorough analysis of the company and ZMT. ZMT is speculative and involves a high degree of risk and uncertainty, please see the legal section for additional details and terms of ZMT. This document is a marketing document and is not intended to be legally binding. Nothing in this document shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy (or sell) any investments in any jurisdiction and should not be construed as such. The information in this document does not constitute a recommendation for any person to purchase ZMT. Certain statements contained in this document may constitute forward-looking statements or speak for future events or plans. Such forward-looking statements or information involve known and unknown risks and uncertainties, which may cause actual events to differ materially. No reliance should be placed on any such forward-looking statements or information.
CONTENTS Executive Summary ZMT Tokens Zipmex Part 1 1. The Digital Assets Industry Overview 1.1. Market Opportunity 1.2. Challenges Part 2 2. Zipmex Tokens (ZMT) 2.1. Overview 2.2. Utility 2.3. Staking 2.4. Token Allocation and Vesting Schedule 2.5. Earning ZMT Part 3 3. Zipmex 3.1. Vision 3.2. Value Proposition 3.3. Roadmap 3.4. Ecosystem and Partners 3.5. Press Coverage 3.6. Team, Advisors, and Partners Part 4 4. Conclusion Part 5 5. Legal
Executive Summary Zipmex Tokens (ZMT) ZMT are designed to extend the awareness and adoption of digital assets and cryptocurrencies, initially within the investment ecosystem of Zipmex. In particular, holders of ZMT will receive a boost on the earnings of digital assets they store in the Zipmex wallet, reduced transaction fees when trading on the Zipmex platform, as well as discounts on new token listings in the Zipmex ecosystem. Outside of the investment realm, holders of ZMT can make electronic payments with ZMT using QR codes at stores in Thailand, and beyond, and receive cashbacks and rebates with every Zipmex partner stores will be announced in due course. By purchasing ZMT, Zipmex users will be able to take advantage of the global trend of asset digitalisation and fast-track their way to generate further wealth on the Zipmex platform through a variety of investment opportunities and lifestyle products from Zipmex. Zipmex Zipmex is the only fully regulated cross-jurisdictional digital assets exchange investment opportunities. Fully-regulated by the relevant authorities and operational in Singapore, Australia, Indonesia, and Thailand, Zipmex provides users with a safe and secure platform to buy digital assets at the best prices from by the provision of the deepest liquidity pools. Our users can also make a range of alternative investments; from subscribing to our Zipmex earnings schemes to earn up to 10% APY, to investing in gold and gems-backed tokens, blue-chip our users can also make electronic payments with the Zipmex Wallet and enjoy
PART 1 The Digital Assets Industry Overview
1.1 Market opportunity The digital assets market has been gaining momentum in recent years as digital transformation brings people together from all over the world through frictionless money transfers, seamless electronic payments, and disruptive digital assets savings and lending programs. The market currently has an estimated global trading volume of $500 billion and is expected to continue growing at an exponential rate, with trading volumes to reach the trillions. Further, the market has been more and more legitimized with the increasing clarity of regulations regarding digital assets products and services. 1.2 Challenges trading volume. The market capitalization of the cryptocurrency market surged during Q4 of 2017 reaching $800 billion, with Bitcoin price hitting $20,000. However, this growth saw very little follow-through and there was also a failure to gain adoption for many subsequent projects that raised funds through Initial Coin Offerings (ICO). Nonetheless, we believe increased rules and regulations will allow for the legitimization of digital assets, which will in turn lead the digital assets industry to global acceptance and mass adoption.
PART 2 Zipmex Tokens (ZMT)
2.1 Overview
2.1.1. The Zipmex Tokens
ZMT are created to enhance and promote the Zipmex ecosystem as well as reward and
introduces ZMT in more detail.
Name Zipmex Token (ZMT)
Technical Standard ERC-20
Total Token Supply 200 million ZMT
2.1.2. The ZMT Roadmap
ZMT Launch
1
ZMT listed on Zipmex Exchange
ZMT to unlock additional Q1 2021: ZipPay & MORE with
ZipUp and Zipmex Exchange
2
digital assets
Q2 2021: deposits
More with Zipmex
3
Q3 2021: More ways to
ZMT Earn ZMT
4
Q4 2021:
MORE Investment Options 5
Beyond 2021: Introducing
indexes Lending
6
2.2 Utility
2.2.1. ZipUp Program (Earning Scheme)
The ZipUp Program is Zipmex’s earning scheme that allows customers to earn rewards
daily. At the time of launch, customers earn rewards at the following rates:
Supported
Term Supported Coins ZMT
Stable Coins
Flexible Up to 4.5% p.a. Up to 8.5% p.a. 12% p.a.
At the time of ZMT launch, customers can also stake at least 20,000 ZMT to enjoy
additional rewards on the earnings schemes as follows:
Supported
Term Supported Coins ZMT
Stable Coins
Flexible Up to 6.5% p.a. Up to 10.5% p.a. 14% p.a.
2.2.2. ZipPay (QR Code Payment)
The Zipmex Wallet payment solutions will transform the payment landscape across
ZMT, and other digital currencies, using QR codes at stores primarily in Thailand, before
extending to other countries. Unlike the current QR code payment solutions available in
the region, where users do not receive any returns on their payments, the Zipmex Wallet
rewards users with a cashback of up to 5%, at the time of QR Code Payment launch, with
every payment made.
Moving forward, Zipmex will also expand the payment ecosystem and enhance
ZMT can be used to purchase tokens listed on Zipmex Exchange. Zipmex users who have
ZMT staked on the platform will enjoy additional discounts when purchasing tokens on
the Zipmex Exchange.In addition, in future token promotional events such as token listing and token sales, participants will be required to use ZMT to purchase the tokens. 2.3 Staking Users can stake ZMT on Zipmex to enjoy a variety of rewards, such as additional interest on the ZipUp Program and increased cash backs when using ZipPay. In due course, by staking ZMT, users will also enjoy discounts when purchasing tokens on the Zipmex Ex- our lending products. Further, users who stake ZMT will gain priority access to Zipmex’s future project launches. The minimum staking period is 3 months, and users who stake ZMT can earn 16% APY will also be announced in due course. 2.4 Token Allocation and Vesting Schedule There will be a total of 200,000,000 ZMT in the Zipmex ecosystem, of which 66,000,000 ZMT are targeted to be in circulation by the end of 2021. While the total token supply is capped, the demand for ZMT is expected to continuously rise as the ecosystem and use cases for the token continue to expand; thus, the valuation of ZMT is expected to continuously increase with the demand. Further, as ZMT will be gradually released into the market over the course of four years from launch, the Zipmex team will, to the best of our ability, manage the demand and supply of ZMT to ensure that the valuation of ZMT continues to rise.
Token Token Token Release
Amount (M) Allocation (%) Holders Timetable
Community
76 38 Over 2021 to 2024
Development
25% vested on each of the following dates: 1st
30 15 Private Sales March 2021, 1st June 2021, 1st September 2021,
and 1st December 2021
33.3% vested on each of the following dates 1st
44 22 Team
Dec 2021, 1st Dec 2022, and 1st Dec 2023
Partners, Advisors, 33.3% vested on each of the following dates 1st
10 5 and Early Investors Dec 2021, 1st Dec 2022, and 1st Dec 2023
40 20 Treasury As decided by Zipmex
200 100% Total Supply n.a.
2.4.1. Community Development
ZMT reserved for community development purposes will be distributed, in forms of
airdrops, rebates, rewards, and cashbacks, to users who engage in certain activities on
Zipmex. The vesting schedule will be allocated as follows:
- $50,000 worth of ZMT will be airdropped to existing users at launch.
- Over 2021 to 2024, the remaining ZMT allocated for community development will be
released, with approximately 25% targeted for release in the form of airdrops, rebates,
rewards and cashbacks each year.
2.4.2. Private Sales
A private sale of ZMT will be conducted before the listing of ZMT. The funds raised will be
used to fuel the development of the Zipmex platform.
2.4.3. Team
Since 2018, the team at Zipmex has worked tirelessly to provide a fully-regulated and
secure exchange platform with the best user experience in four jurisdictions including
Thailand, Indonesia, Singapore and Australia. To align incentives and ensure the team’s
continued dedication to the development of Zipmex and the ecosystem, ZMT will be
awarded to members of the team and will be vested over time.2.4.4. Partners, and Advisors, and Early Investors Within each of the jurisdictions Zipmex operates in, our partners, advisors, and early investors have helped Zipmex successfully navigate the regulatory landscape, establish key relationships and provide strong corporate governance. Zipmex will be rewarding our partners, advisors, and early investors with ZMT. 2.4.5. Treasury Zipmex will be setting aside a portion of ZMT to be used for ZMT treasury purposes. 2.5 Earning ZMT 2.5.1. Rebates To encourage ownership and usage of ZMT, all volumes traded on Zipmex will be entitled to receive rebates in ZMT. The rebate program will be adjusted quarterly. Each user will enjoy a rebate up to 0.1% on the volume traded, depending on the campaign. We will also have a cashback program for users who spend through the ZipPay using ZMT and other digital coins. Like the rebate program, the cashback program will be revised quarterly. In the future, users will receive up to a 5% cashback on all payments made us- ing ZMT, and up to 3% cashback on all payments made using other digital coins. In due course, payments made to Zipmex’s selected partner stores and retailers will be eligible to receive up to 100% rebate. 2.5.2. Referral Program Enhancements Upon making a successful referral (the referred user has passed KYC and conducted a certain amount of trades), the referrer will be credited 10 ZMT. The referred user will also be credited with 10 ZMT. A separate referral scheme will be designed for institutional investors. 2.5.3. Airdrop Events Zipmex users will be entitled to airdrops from time to time. At launch, $50,000 worth of ZMT will be airdropped.
2.5.4. Trading Campaigns By Q2 2021, Zipmex will roll out trading rebate campaigns where each participant earns a share from a pool of ZMT rewards based on their trade volume. 2.5.5. Non-Fungible Tokens (NFTs) By Q3 2021, Zipmex will work with external partners to create Zipmex NFTs. Investors and
PART 3 The Zipmex Exchange
3.1 Vision
With digital transformation happening everyday and everywhere, more and more people
are getting connected globally. Zipmex aspires to facilitate this digital transformation in
in bank deposits and yielding low returns, Zipmex sees the opportunities for such asset
holders to grow their wealth and receive higher returns on their assets with our alternative
Headquartered in Singapore, we employ over 40 talented individuals from 10 different
countries.
3.2 Value Proposition
3.2.1. Licensing and Regulations
At Zipmex, our guiding principles have always been security, regulation and
the jurisdictions that our services are offered, Zipmex, has at additional cost, effort and
time, obtained the licenses and approvals necessary from relevant authorities and has
worked closely with government bodies to ensure we are fully regulated in all aspects.
Thailand
SEC licensed issued by SEC and Ministry of Finance
Works with AMLO / BOT / DOPA
Indonesia
Registered as a crypto asset trader with Bappebti in Indonesia
Singapore
Registered under the Payment Services Act with the Monetary Authority
of Singapore
Australia
Incorporated and approved by AUSTRAC3.2.2. Custody Solutions and Insurance To prevent hacking and the loss of assets incurred, Zipmex secures users’ digital assets at institutional-grade custody solutions, such as BitGo, which use multi-signature technology for their cold wallet, allowing for superior security. Digital assets on BitGo are insured up to $100 million by Lloyd’s of London, ensuring users that their assets are safe and secure with Zipmex. 3.2.3. Liquidity A common problem that exists with local exchanges is the lack of liquidity in their order book which leads to poor pricing of assets. This prevents all users from obtaining the best possible price and institutions are also discouraged from entering the market as they are prevented from executing orders at large quantities. Zipmex tackles this problem by providing tight spreads and deep liquidity in our order book, thereby, allowing users to transact at large quantities with price certainty. 3.2.4. User Experience Zipmex prides itself in providing the best user experience possible. Our value proposition is delivering the sleekest User-Experience (UX) while adhering to the highest security standards. With Zipmex, a simple UI with seamless UX is provided through our smartphone iOS and Android application. Our users do not need a computer to invest in digital assets. Nonetheless, we also provide a web-based version of our exchange for those who prefer web-based interface. The Zipmex Mobile Experience
User support and the KYC process We have designed our onboarding and KYC experience to provide the fastest, hassle-free experience so as to enable our users to sign up directly on their smartphones via the Zipmex app. Users can register directly from the Zipmex app and complete KYC from takes around 5 minutes to complete. In addition, we have many channels of contact for user support, including Live Chat, Telegram, Facebook and Email. 3.2.5. Market Expansion Zipmex operates in multiple jurisdictions: Thailand, Indonesia, Singapore, and Australia. expand our operations to Vietnam and Malaysia in the near future. 3.2.6. Wide Range of Products and Services Zipmex aims to provide a platform for making a wide range of digital assets investments, from low-risk products such as our earnings scheme, gold-backed and gems-backed tokens, to higher-returning products such as our blue-chip digital assets as well as We also offer the ability to make electronic payments using digital assets, and the added incentive of being rewarded through ZMT cashbacks when transacting through the Zipmex digital wallet. Further products, including consumer lending, will be rolled out in due course.
3.3 Roadmap
Regulated and operational in Singapore,
2019
Listed 5 ‘blue-chip’ crypto tokens
Regulated and operational in Singapore,
Australia, and Indonesia, and Thailand.
Android 2020
Launched ZipUp Earnings Scheme
DeFi Token Listing
Launch of Zipmex Token (ZMT)
Launch of Payment Products
ZipUp Product Enhancements
ZMT Ecosystem Expansion
2021 Introduction of Zipmex Non-Fungible Tokens
(NFTs)
Launch of Lending Products
Launch of Zipmex Debit and Credit Card
3.4 Zipmex Ecosystem and Partners3.5 Press Coverage
3.6. Team and Advisors
3.6.1. Team
Marcus, with his vision to ‘make investing accessible through
the entire regional expansion and development of Zipmex.
He is an accomplished entrepreneur who previously founded
local services, which was partly acquired to form part of the
Domain Group (ASX:DHG) for AUD$43M. He is an
technology industry. This has earned him speaking
opportunities on Bloomberg, Channel New Asia, The
Australian Financial Review, The Business Times
(Singapore) and many more. Marcus graduated with a Bachelor of
Economics and Bachelor of Commerce from the University of
New South Wales (UNSW Co-operative Scholar)
specializing in capital markets and new asset classes. Having
used for driving positive change, he is a strong advocate in
Prior to realizing this calling, Akalarp was previously an
executive director in a securities brokerage and
investment bank. With his Georgetown law degree and a PhD in
Public Administration, Akalarp is at ease working within seniorAs a trained economist with both strategy and operational experience, Proud brings deep expertise in tech strategy and dollar companies across nine countries, as well as invested in and built companies from scratch. She grew her latest manufacturing company by 16x in revenue within 3 years. Prior to Harvard Business School, Proud was a consultant at the Boston Consulting Group, focusing on establishing strategic initiatives for C-suite clients. James has a rare skill of understanding both people and code very well. He is a technology leader and an astute transitions, including MySQL to PostgreSQL and memcached to redis. Since 2013, he has mined and coded many blockchain- related technological applications. He was previously the Head of Engineering at AirTasker where he designed and developed numerous APIs, along with other back-end infrastructure and systems design. Jonathan is a seasoned banking professional who specialises in launching and scaling new products and divisions, always with the customer at heart. He joins us from ING, where he was leading a Global Lending Program which was tasked with keeping ING at the forefront of digital innovation across 8 of it’s markets. Bringing a wealth of executional expertise, he’s passion- ate about ensuring that the best product is brought to mar- ket, with a strong operational infrastructure that will enable scalable growth. Jonathan graduated with a Bachelor of Busi- ness, Finance and Economics (Hons) from the Unversity of Technology Sydney.
Ken Tabuki – Head of Product and Operations
Ken is obsessed with making Zipmex fun and seamless. For
him, it’s about connecting with people to grow their wealth by
offering the best product. He previously worked with Marcus
company by 60x.
Ken brings nearly a decade of unrivalled experience in data
analytics and big data, developing algorithms to understand
consumer behaviour as part of formulating business strategy
and user experience.
Kelvin Lam - Managing Director
Kelvin has a larger than life personality that, combined with his
-
son to spearhead current and new business ventures that Zip-
A lawyer by training and an investment professional at
Bain Capital and Morgan Stanley by practice, Kelvin knows
recently co-founded and exited FeedMe Guru, HK’s largest
online dining experience platform to New Media Group after
graduating from Harvard Business School.
Nicholas Chan – Product & Marketing Manager
business school, joined the banking industry from 2014 to 2018.
He was introduced to cryptocurrency and blockchain in early
2017 where he started to grow a passion for this fast growing
industry.
In 2018, Nicholas joined Huobi Global, one of the largest
cryptocurrency exchanges, where he launched community
initiatives campaigns to build brand awareness and increase
trading activities. He was also in the operations department
where he maintained smooth business operations for the
global users.3.6.2. Advisors
Professor Dr. Chaiya Yimwilai
Dr. Chaiya is currently the Vice Minister to the Deputy Prime Minister of Thailand. Dr. Chaiya
brings to the board of advisors a wealth of experience in public service having served in several
positions in the Thai Senate as well as SET-listed Charoen Pokphand.
Dr. Sathit Limpongpan
Dr. Sathit currently leads the charge to transform Thailand’s economic landscape as the Chair
of the Committee of Economic Reforms. Dr. Sathit was also the former Chairman of the Stock
Exchange of Thailand, Krungthai Bank, and the Thai Government Pension Fund, amongst
others.
Dr. Vichya Krea-Ngam
Dr. Vichya is an Advisor to the Sub-Committee of the National Reform Steering
Assembly of Thailand and is on the board of Sikarin Public Co. Ltd., General Engineering
Public Co., Ltd., and Namyong Terminal Public Co. Ltd. He is the Corporate Affairs Expert of True
Corporation Public Company Limited. Academically, he is a Professor at Khon Kaen University and
Assumption University. Dr. Vichya holds a Master of Laws and Doctor of Juridical Science from the
University of California, Berkeley.
Ritchard Lim
the pioneers in network engineering and telecommunications in Singapore. He has extensive
experience in operating and managing technology implementation of electronic broking
systems in Asia that sees over US$10 billion of FX transactions a day.
Hiroyuki Enomoto
Blockchain Labs, an R&D organization specializing in blockchain in Vietnam, and he has since
expanded blockchain-related corporations to Singapore, Malaysia, Taiwan, Hong Kong and
Japan.blockchain innovation with over half a million participants worldwide. Hiro is an early supporter of Cardano (ADA), one of the world’s largest blockchains, and also contributes as Advisor to about the fusion of traditional industries with the latest technology and recently, through one of his companies, he invested in DLF Holdings Limited (SGX: KUX), a company listed on the Catalist of the Singapore Exchange Securities Trading Limited.
PART 4 Conclusion
Zipmex will leverage our fully regulated digital assets platform to process ensures that users can onboard with ease, and proceed to acquire digital assets in a safe and secure way. Following that, they can invest in a range of exciting investment products as well as earn rewards when making electronic payments with digital assets. Already operating in Singapore, Australia, Indonesia and Thailand, the launch of ZMT is the company’s next big milestone to enhance the Zipmex ecosystem. Holders and stakers of ZMT will receive higher earnings rewards, cashbacks for every payment made with ZMT, discounts on trading fees and new token listings on the Zipmex exchange, as well as additional ZMT will be promoted widely in traditional digital asset communication channels such as telegram groups, twitter, and digital-assets focused online media. In addition, as we are branding Zipmex as more than just a digital assets exchange, to be a leading digital assets bank, we will also be ZMT will be made available at launch, by means of airdropping, and will be continuously given out in forms of rewards, rebates, and cashbacks throughout 2021 to 2024.
PART 5 Legal
Company Name Zipmex Asia Pte. Ltd. Disclaimers on Whitepaper Information This whitepaper (the “Whitepaper”) is intended to provide readers with general information and documentation. You should not consider any information in the Whitepaper legal advice, business advice, or advice of any sort. Any actions motivated by or based on the contents of this Whitepaper are taken at your own risk. You are advised to contact a licensed attorney in the relevant jurisdiction in which you need help if you decide to take or not take action. Translations of Whitepaper Versions of this Whitepaper may contain translations of the English version. Translations are provided only as an aid to readers to mitigate any between the English and the translated version of this Whitepaper, the English version shall take precedence. If you discover any discrepancies, please report them directly to Zipmex. Investment Risks Investors in ZMT and/or other digital assets acquired through Zipmex The investors should understand that investment in ZMT and/or other digital assets obtained through Zipmex can lead to loss of money and/or value. The information published in this Whitepaper cannot guarantee that investors will not lose money over short or long periods of time. Tax Obligations Users are solely responsible to determine what, if any, taxes apply to transactions made with ZMT or trades conducted through Zipmex. The owners of or contributors to Zipmex are NOT responsible for determining the taxes that apply to transactions made with ZMT or trades conducted through Zipmex in any jurisdiction, anywhere in the world. Zipmex does not condone, encourage, or knowingly facilitate tax avoidance in any form, or in any jurisdiction.
No Warranties Expressed or Implied All content, data, resources, and services provided in this Whitepaper and on Zipmex are provided “as is” without any warranties of any kind. Limitation of Liability Unless otherwise required by law, the owners of and/or contributors to this Whitepaper and the Zipmex platform shall not be liable for loss of data, connected with the information contained in this Whitepaper or on the Zipmex platform. Token Sale Regulators examine companies and procedures associated with cryptocurrencies and digital assets. Anyone intending to acquire ZMT must be mindful that both Zipmex’s business model and the information regulatory and/or compliance requirements from any jurisdictions. Un- der these circumstances, anyone intending to acquire ZMT understands liable for any loss or damages caused by such changes. Please note that this Whitepaper is provided for your information only and under no circumstance should ZMT be considered an investment and, although the Zipmex team will, to the best of its ability, proceed with the project as described within this Whitepaper, certain unforeseen circumstances might cause the project to change, or end altogether. form. Purchasing ZMT is done at your own risk. Acquiring and storing ZMT carries Before acquiring ZMT, you should carefully consider the risks, expenses, and bene- Any interested individual who is not in a position to accept or understand the risks roadmap, or any other risks as indicated in the Whitepaper, should not acquire purchase and use of ZMT must not be done speculatively. ZMT could be affected by emerging technology, including but not limited to, quantum computing. These technological breakthroughs could result in security breaches and/or theft.
ZMT ZIPMEX TOKEN
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