What is ZB Token? ZB Token is an ERC-223 based cryptocurrency created by Zerobank, a cryptocurrency bank. In this article, as Kriptokoin.com, we have answered the questions such as what is Zerobank, what is it, what is ZB Token, what is it used for and how to get it. Let’s examine this Ethereum-based cryptocurrency together.
What is Zerobank?
Before we move on to the ZB Token review, we will examine Zerobank, the project behind this token. Zerobank is a Blockchain platform that allows you to store, spend and exchange cryptocurrencies and tokens. Based in Vietnam, this platform basically works as a cryptocurrency exchange and bank. However, it also has the goal of fulfilling the ultimate goal of Bitcoin’s emergence.
Accordingly, Zerobank enables access to decentralized financial services by eliminating intermediaries. ZB Token is the native cryptocurrency of this platform. Users can trade cryptocurrencies within the platform. At the same time, they can deposit assets on the platform through banks. Besides cryptocurrency trading, Zerobank also supports simple and professional-grade spot and margin trading.
What is ZB Token?
ZB Token is the native cryptocurrency of the Zerobank platform. Like Zerobank running on Ethereum, ZB Token uses Ether’s smart contracts. Accordingly, the token is one of the few ERC-223 tokens in the cryptocurrency space. While many tokens are built on ERC-20 smart contracts, ZB runs on top of ERC-223. This gives it extremely high scalability and speed.
With ZB Token, users can trade foreign currency cheaply without the need for intermediaries. It is necessary to pay a certain amount of fee to perform various transactions on Zerobank. This fee, called gas fee, is paid with ZB Token. Holders of the cryptocurrency pay lower transaction fees by obtaining a VIP membership. In addition, the token is also used for purposes such as obtaining loans and benefiting from incentives.
ZB Token price performance
ZB Token is unfortunately not recognized in the western world. The cryptocurrency is on CoinMarketCap’s list of untracked assets. Due to being an extremely volatile cryptocurrency, it dropped by 96.5% on September 12, 2022. The token, which has fluctuating price action, is traded at $ 0.0131. However, it is currently only listed on one cryptocurrency exchange.
What is ZB Token? How to take
To buy ZB Token, you need access to an exchange that lists the cryptocurrency. ZB is currently only traded on the cryptocurrency exchange ZT.com. To purchase the token, you must access this exchange and open an account. Then you must verify your account and load an asset into your wallet that is compatible with Zerobank pairs. After you do this, you can place a purchase order for ZB Token.
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