27 Mar

We are glad to meet you here Mr. Todd Crosland (CEO)

Question 1:- Can you introduce yourself to the community? What is your background and how did you join CoinZoom?

Todd Crosland :- I am Founder and Chief Executive Officer of CoinZoom and has operated in Financial Services, Investment Banking, and Venture Capital for over two decades.
Prior to CoinZoom Todd founded and acted as CEO of Interbank FX, LLC (“IBFX”), a Futures Commission Merchant and Retail Foreign Exchange Dealer registered with the U.S. Commodities Futures Trading Commission. IBFX grew into a global entity with offices around the world and over 250,000 customers in more than 140 countries. The company also generated annual trading volumes of over $750 billion making it a leader in the retail Forex trading services industry.
Todd also serves as the Chairman and Founder of Seed Equity Ventures, a registered broker-dealer with the Securities and Exchange Commission, and is a member of FINRA/SIPC. Seed Equity Ventures has over 12,000 registered investors, entrepreneurs, and members, from around the world, and Todd is also the Founder and General Partner of CoinZoom Ventures, a venture capital firm that invests in fintech and blockchain companies such as Mainframe. He has also received a number of awards including The Ernst and Young Entrepreneur of the Year Award and holds the following Securities Licenses: Series 7,24, and 63.
He is supported by a core team which includes the Vice President of Trade Operations Mark Osterloh, who also worked as the VP of Trade Operations at IBFX for over 14 years, while Chief Technology Officer Paxton Powers previously served as Chief Information Officer of IBFX.

Question 2:- Can you briefly describe what is CoinZoom in 3-5 sentences? What technology stands behind CoinZoom and why it’s better than the existing one?

Todd Crosland :- While there are a large number of cryptocurrency exchanges currently in operation, only a few are currently able to process fiat deposits and withdrawals. In addition, there are just a handful of operators that are legally compliant and able to operate in the USA, and the CoinZoom team have focused on obtaining the necessary licenses (https://www.coinzoom.com/legal-licenses/) to operate legally in both the US and other jurisdictions.
In addition, the platform incorporates a number of handy features such as ZoomMe Money Transfers which enable free peer-2-peer transfers in either crypto or fiat for both domestic and international transfers.
The CoinZoom Visa Debit Card also allows people to easily make use of the digital assets held in their accounts and provides up 5% cash back on all purchases, as well as a trading discount of up to 50%. Physical card and virtual cards will only be available for US customers for now. However, the team have mentioned that both cards will soon be available to global customers. The ability to easily spend cryptos will appeal to retail users and compliments the services also on offer for institutional clients.

Question 3:- What is the CoinZoom Visa Reward Program and explain the all Functionalities and features of all different types CoinZoom visa cards (ex. Gold, Platinum, black…etc)

Todd Crosland :- CoinZoom Visa Debit Card

The platform also incorporates a Visa Debit Card (https://www.coinzoom.com/cards/) which provides up to 5% back on all purchases, and also allows a trading discount of up to 50%. The physical card will be accepted in 50 US states while virtual cards will be available for all domestic and international clients. Card users can enjoy enhanced benefits by holding ZOOM in their accounts with the Select card requiring 0 ZOOM while the Preferred card requires a balance of 100,000 ZOOM. The cards are rewarded to customers automatically upon sign up.

https://www.coinzoom.com/cards/

Question 4:- In the context of many cryptocurrency exchanges today, while the volume is very small. So, does CoinZoom have a different orientation to attract users (for example margin trading, opening lending, event, copy trade, crypto mortgage loan, etc)?

Todd Crosland :- VIP Rewards Program

https://www.coinzoom.com/vip/

Question 5:- Crypto Card (Debit/CC) is not new in the community there is MCO, Cryptopay, Wirex etc. What is the CoinZoom Visa Card distinguishing features to attract user like cash back, incentives etc.? And when is the release for the International Users?

Todd Crosland :- CoinZoom Visa card includes up to 5% card Rewards back on every purchase 👍👍. Card Rewards are paid daily, not at the end of the quarter or year.

Also, depending on the VIP level of card, you can also enjoy up to 50% trading discounts. Airdrops, free wires , etc, etc.

Question 6:- COINZOOM Native token = $ZOOM
Do you plan to utilize or enhance more utility into the $ZOOM token just to add more value to it? Even though being a utility coin inside CoinZoom platform is Sustainable Enough?

Todd Crosland :- The ZOOM Token

ZOOM is an Ethereum ERC20 utility token, and provides holders with a wide variety of discounts, product enhancements and rewards. These include discounts on trading fees of up to 50%, and a cashback bonus of up to 5% on all CoinZoom Visa card purchases. ZOOM holders also gain access to higher Visa Card tiers including the Gold, Platinum, and Black cards, as well as staking bonuses.

https://www.coinzoom.com/zoom-token/

Question 7:- Sir @ToddCrosland, You have founded Interbank FX2001, which is a Global Foreign Exchange Brokerage Firm.
now, Do You plan to have Brokerage system into CoinZoom? because TroyTrade Exchange uses this also.

Todd Crosland :- CoinZoom is a global regulated crypto currency exchange. We already have customers in over 50 countries, and we are growing exponentially everyday.

Questions 8:- Why did you come up with the idea to create coinZom? What motivated you to develop & build coinZoom successfully?

Todd Crosland :- Competitive Advantage

While there are a large number of cryptocurrency exchanges currently in operation, only a few are currently able to process fiat deposits and withdrawals. In addition, there are just a handful of operators that are legally compliant and able to operate in the USA, and the CoinZoom team have focused on obtaining the necessary licenses (https://www.coinzoom.com/legal-licenses/) to operate legally in both the US and other jurisdictions.
In addition, the platform incorporates a number of handy features such as ZoomMe Money Transfers which enable free peer-2-peer transfers in either crypto or fiat for both domestic and international transfers.
The CoinZoom Visa Debit Card also allows people to easily make use of the digital assets held in their accounts and provides up 5% cash back on all purchases, as well as a trading discount of up to 50%. Physical card and virtual cards will only be available for US customers for now. However, the team have mentioned that both cards will soon be available to global customers. The ability to easily spend cryptos will appeal to retail users and compliments the services also on offer for institutional clients.

Business Plan & Market Strategy

The team have outlined their strategy for developing the platform which revolves around providing crypto trading services in the US and other jurisdictions including Australia and the EU. As already outlined, they also aim to attract users by employing reasonable fees and by using the ZOOM token to reward and incentivize token holders.
They also aim to attract users by offering staking services and ensuring the highest levels of security for both retail and institutional clients.

Question 9:- what is the most prominent feature of this platform that makes it far different and far more advanced than others, of course it is with a better system and makes users comfortable?

Todd Crosland :- Aside from our CoinZoom Visa card, ZoomMe is the most prominent feature. With ZoomMe, customers can send USD or crypto anywhere in the world, instantly for FREE.

Question 10:- Do I need to manually convert my savings to cryptocurrencies every time I buy a cup of coffee when I want to use my VISA card?
If I have a balance deposited on my debit card, will the poor stability of the cryptocurrencies devalue me or constantly increase my money?

Todd Crosland :- Here how it works.

Before you do a transaction with your CoinZoom VISA card, select which wallet you want to spend from. Say you select BTC.

Then you go to Starbucks, use Uber, or go to an ATM. You swipe your card to pay for you purchase and it is instantly approved and a marketing order takes place on the exchange for a 0.26% Taker fee.

It’s instantaneous.

Question 11:- Could you tell me about BitGo Trust Company, is it trusthy? why CoinZoom choose BitGo Trust for digital wallet security?
I am curious about the true value of ZOOM token, Its roles and utility in throughout the CoinZoom ecosystem and when it’s listed on other exchanges such as Binance, Okex, Kucoin…?

Todd Crosland :- Security and Insurance
The safety of clients funds is the main priority for CoinZoom. Cold storage Wallets are provided by BitGo (https://www.bitgo.com/), the leader in digital asset financial services. BitGo Custody carries $100,000,000.00 (https://www.bitgo.com/resources/digital-asset-insurance) in insurance protections through a syndicate of underwriters through the Lloyd’s, the world’s specialist insurance and reinsurance market. And this premium service comes in at no additional cost (details can be found here (https://www.bitgo.com/marketing/img/pressRelease/BitGo_02-19-19_Press_Release_insurance.3f5c4f9bc52144ac.pdf))
The $100 million policy covers digital assets where the private keys are held 100% by BitGo in the event of:
• Third-party hacks, copying, or theft of private keys
• Insider theft or dishonest acts by BitGo employees or executives
• Loss of keys
CoinZoom has chosen BitGo as its custodian because BitGo provides 100% cold storage technology in bank-grade Class III vaults and the BitGo platform is SOC 2 Type 2 certified. Advanced authentication mechanisms are employed to ensure the authenticity of data, and assets are distributed geographically and organisationally.
It is the account holders’ responsibility to safeguard their accounts by means including but not limited to using a strong password, enabling two-factor authentication and controlling all login credentials to CoinZoom.

ZOOM Token

ZOOM is an Ethereum ERC20 utility token, with a limited total supply of 600M, the token distribution is as follows:
• 50% VIP – Available for purchase by community members in order to participate in the VIP rewards program.
• 30% Rewards – These tokens will be distributed to reward users and grow the CoinZoom community.
• 20% Team Incentives – Subject to 3-year vesting schedule.

Zoom Token – CoinZoom (https://www.coinzoom.com/zoom-token/)

Benefits for owning ZOOM tokens

VIP – CoinZoom (https://www.coinzoom.com/vip/)

Cards – CoinZoom (https://www.coinzoom.com/cards/)

Question 12:- How did $CoinZoom survive in during long bear market? what your team strategy to gain more Adoption ? Can you share us on recent achievement your team are most of?

Todd Crosland :- We are already in 50 Markets and growing.
We are in this for the long haul. We have built global, successful brokerage firms in the past and are doing it again.

Question 13:- How does CoinZoom compare with other products in the same market? What makes your project different and potentially successful respect to other projects?

Todd Crosland :- Competitive Advantage

While there are a large number of cryptocurrency exchanges currently in operation, only a few are currently able to process fiat deposits and withdrawals. In addition, there are just a handful of operators that are legally compliant and able to operate in the USA, and the CoinZoom team have focused on obtaining the necessary licenses (https://www.coinzoom.com/legal-licenses/) to operate legally in both the US and other jurisdictions.
In addition, the platform incorporates a number of handy features such as ZoomMe Money Transfers which enable free peer-2-peer transfers in either crypto or fiat for both domestic and international transfers.
The CoinZoom Visa Debit Card also allows people to easily make use of the digital assets held in their accounts and provides up 5% cash back on all purchases, as well as a trading discount of up to 50%. Physical card and virtual cards will only be available for US customers for now. However, the team have mentioned that both cards will soon be available to global customers. The ability to easily spend cryptos will appeal to retail users and compliments the services also on offer for institutional clients.

Question 14:- Is there a refund percentage that can be generated when using the Visa card?
What are your plans in terms of buying, selling, and spending digital assets by users?

Todd Crosland :- Users receive up to 5% back on all purchases.
https://www.coinzoom.com/cards/

Web app for the Exchange
https://trade.coinzoom.com/landing

CoinZoom Pro mobile App
https://apps.apple.com/us/app/coinzoom-pro/id1443109132

Question 15:- How much is the Coinzoom card and how can I get one? And what fees and limits are associated with using the coinzoom card?
Coinbase Card and Wirex Card are something similar to coinzoom. How you will compete with them? For now i feel like you are ahead to them in many aspects.

Todd Crosland :- The CoinZoom VISA card is free. No annual fees.

Competing with Coinbase on fees is easy. Coinbase charges 2.5% on transactions. CoinZoom charges 0.26%.

https://www.coinzoom.com/fees/

Question 16:- Can you tell us, For Using CoinZoom exchange like, Trading, Deposit/withdrawal, Is KYC Required for using services?

Todd Crosland :- Yes we do KYC. Our partnership with Visa requires it. It’s easy and painless though.

Question 17:- I havent use any exchanges which is US regulated before. So, is it easy to use for international customers and does the tax on trading affect me?

Todd Crosland :- No tax issue. It’s very easy to onboard.

Question 18:- User Funds Security is very important ! So, I have a question regarding security which is- If Unfortunately coinzoom were hacked or suffers Security Breach, then, is there any User Funds Insurance available like SAFU, etc?

Todd Crosland :- Security and Insurance
The safety of clients funds is the main priority for CoinZoom. Cold storage Wallets are provided by BitGo (https://www.bitgo.com/), the leader in digital asset financial services. BitGo Custody carries $100,000,000.00 (https://www.bitgo.com/resources/digital-asset-insurance) in insurance protections through a syndicate of underwriters through the Lloyd’s, the world’s specialist insurance and reinsurance market. And this premium service comes in at no additional cost (details can be found here (https://www.bitgo.com/marketing/img/pressRelease/BitGo_02-19-19_Press_Release_insurance.3f5c4f9bc52144ac.pdf))
The $100 million policy covers digital assets where the private keys are held 100% by BitGo in the event of:
• Third-party hacks, copying, or theft of private keys
• Insider theft or dishonest acts by BitGo employees or executives
• Loss of keys
CoinZoom has chosen BitGo as its custodian because BitGo provides 100% cold storage technology in bank-grade Class III vaults and the BitGo platform is SOC 2 Type 2 certified. Advanced authentication mechanisms are employed to ensure the authenticity of data, and assets are distributed geographically and organisationally.
It is the account holders’ responsibility to safeguard their accounts by means including but not limited to using a strong password, enabling two-factor authentication and controlling all login credentials to CoinZoom.

Token Metrics

ZOOM is an Ethereum ERC20 utility token, with a limited total supply of 600M, the token distribution is as follows:
• 50% VIP – Available for purchase by community members in order to participate in the VIP rewards program.
• 30% Rewards – These tokens will be distributed to reward users and grow the CoinZoom community.
• 20% Team Incentives – Subject to 3-year vesting schedule.

https://www.coinzoom.com/zoom-token/

Question 19:- i see You’re offering Crypto cards too with an Excahnge ! But, can you tell us about Fees structure of CoinZoom cards for transactions? Is there any Holding required for purchasing the CoinZoom crypto card?

Todd Crosland :- https://www.coinzoom.com/cards/

CoinZoom Licenses

https://www.coinzoom.com/legal-licenses/

Question 20:- CoinZoom is constantly finding new big partners.Audience is constantly growing.What’s the secret to this growth rate?

Todd Crosland :- Partners

CoinZoom has partnered with the BitGo Trust Company which will act as an institutional qualified custodian and digital wallet security provider. BitGo is fully audited, and is also a SOC 2 Type 2 certified custodian. As a result, assets held by BitGo are insured up to a value of $100 million via an insurance agreement with Lloyd’s of London.

https://finance.yahoo.com/amphtml/news/investview-otcqb-invu-adopts-coinzoom-143010960.html

https://www.coindesk.com/regulated-exchange-launches-in-us-with-crypto-backed-visa-card-offering?amp=1

https://www.crowdfundinsider.com/2020/03/159011-us-based-coinzoom-a-fincen-regulated-digital-asset-exchange-officially-launches-crypto-trading-platform-and-company-visa-card/amp/

🔗 Helpful Links 🔗

Website :- https://www.coinzoom.com/

Telegram Community :- https://t.me/coinzoomcommunity

Twitter :- https://twitter.com/GetCoinZoom

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