F.A.Q.

Q?

What is the current price of KZCoin?

A.

For the moment of ICO it costs 0.7$ for 1 token up to 24.02.2018

Q?

Any guarantees, bank or something else?

A.

We guarantee that the KZcoin will not disappear from your wallet. The blockchain means that the block cannot be re-written, in contrast to the banking system

Q?

What are the risks?

A.

The currency will be backed up by the real economy sector (other businesses).

Every coin is backed up by gold up to a value of 30% and it is well-known that gold is not affected by inflation.

Q?

What should I do if the exchange rate rises/decreases?

A.

The exchange rate of every financial tool falls and rises depending of the market sentiment. If you buy the coin and the price temporally decreases in price, then you should allow some time for correction. This is due to the time when traders fix their profit with an intention to buy the tool again at a lower price.

We recommend “Supply and Demand” theory for further reading.

Q?

Hacking the Currency exchange or website?

A.

We do everything possible in order to prevent all kinds of hackers’ attacks. We hire best programmers and specialists in security. The company cannot release all the information relevant to the question for obvious reasons.

Along with the standard security methods, we use additional and sometimes unique methods.

  • Crypting passwords and keys

  • Additional hash-checks of all filled passwords

  • Unique hash-check of authentication request

  • Encrypting POST requests while creating transaction

  • Hash-checks of data match while processing transaction

  • Additional private algorithms for security

Q?

What are the conditions for start-up investment?

A.

Yes, our company is going to invest in perspective start-ups. For this we will have additional section for investment application with all the relevant information. If you have any questions, you can always e-mail us on support@kzcryptobank.com or arrange for a personal consultation.

Q?

What is the point of decentralisation?

A.

Anonymity of transactions.

Q?

Brokers or crypto currency exchangers?

A.

Our company is at the stage of negotiations with them

Q?

What does it mean to be backed up by gold and how it is possible?

A.

Yes, every coin is backed up by gold.

First, let’s consider USD. In 1971, President Nixon decided to stop conversion of dollar into gold. They decided to set up a fixed exchange rate – 35$ for an ounce. The government could not guarantee that any amount of printed money can be backed up by gold. Nowadays, the golden reserves of USA account for 8130 tons. All circulating dollars sum up to 1.5 trillion dollars. If you calculate, it can be concluded that each dollar is backed up by gold for 15% only.

Accumulating reserves of real gold, KZCoin is going to be backed up by gold for up to 30%.

Total amount of released coins is 96000000 KZCoins.

Q?

What are the advantages of the KZcoin if you compare it to the top 10 cryptocurrencies?

A.

The top 10 Crypto currencies constantly change in rating. KZCoin will help you to exchange for the top 10 crypto currencies at a lower rate. Maximum commission given the smart contract ERC20 for KZCoin is 3.86$ per transaction. The minimum is 0.03$.

It takes only 3 seconds per transaction independent of the total quantity. 

Q?

What is the legal form?

A.

Limited partnership

Q?

What about taxes?

A.

See tax code.

Q?

What are the alternatives in terms of investments

A.

You can invest in any crypto currency, given that you’ve done sufficient research.

It is going to be possible to purchase any crypto currency in our bank starting from 01.03.2018 but at a lower price.

Q?

Pyramid?

A.

Blockchain technology has no connection to pyramids.

There is no profit from newcomers, no additional interest rate. The cost depends only on the market price.

Q?

Stole, ran away, what should I do?

A.

Anything that is valued can be stolen.

There is a criminal code for such issues. Similarly, if someone steals something from someone else, there exist criminal code, police, Interpol, judiciary.

It is impossible to steal crypto currency from you ‘cold’ wallet. That is one of the main reasons blockchain is so popular

Q?

Trading, how to profit from it?

A.

We have special courses.

You can apply for the courses through our website, then you will be contacted shortly and signed up for a free introductory seminar.

Q?

How can I set up Ethereum wallet?

A.

You can find all the relevant information in the following video: