Todor Boyadzhiev on ZanCoin's developer rewards platform

0:00I'm Ashlyn Addison from event change audio and the Crypto Coin Show today on blockchain interviews we have to door boy at ZF the CEO of zan coin welcome to the show to door hello nice nice to meet you great to have you here so if we could start off with what is Zen coin and how is it disrupting the blockchain industry well let me first start off with the idea how we came up

0:27with all your group of developers that he have a lot of sa P experience you know the big enterprise company so we were doing a lot of consulting and we were running projects that other people were hiring us and we were getting paid for our work well this was okay up to the moment when we saw that a lot of companies are using our effort just one

0:55time and then selling the product to multiple customers so we decided that we can go out on the market ourself so that's how we created the idea of Zang coin and actually it is a way of using the book chain technology into the IT sector and I will explain shortly how first of all as I mentioned we wanted to gather some money so we can get the

1:22certificates you need to get listed ourselves as official partner and licensed IT consulting company of creating products so we can sell them ourselves second of all we wanted to motivate our developers the people that we are working with currently and the ones that we are going to work in the future as giving them some part of the of the winnings that we have and that's how we

1:50wanted to keep them longer and to motivate them to work better with us that's how the dividends program was actually born and we decided to share a part of our profits so we can give to the people that contributed to us and not a trust the first payment because we worked with a lot of people that are overseas and always banking fat currency is a problem for me

2:16with the taxes problem with the with the dates you know the bank stakes or three four days to get paid with pain with tokens it's much easier much faster and that would solve it all basically that's it that's that's great to hear so let me get this straight there's definitely a lot of problems painted wise in the software industry where the content creators they can sell

2:41off something and then those guys will just resell it and the people who deserve some of those payments are not receiving those rewards yeah that's right I mean in our case specifically the product is really security oriented so the problem with the developers that have the knowledge is quite limited knowledge not a lot of people have it their rates are quite high but they can

3:06even even get more money if they're selling them self selling it there himself and without having a license they can do that and that's how the consulting companies that have the certificate come as a middleman and they try to sell these to other other end clients and this it's very simple like you make a product with the with the people that you are hiring and then sell

3:32it 100 customers and you just get a hundred times return it's really great so we decided to cut the middleman that's one really big problem that we wanted to solve that's great to hear and I think that's what the ideology of the blockchain is all about is increasing fairness and transparency at the same time this would ease the process and with the distribute the

4:00income more evenly to a wider audience not a single consulting company that's great to hear so I you mentioned that the creators and holders will be receiving dividends and we'll move into that a little bit further but if we could just talk about the development of the applications so far when did you first come up with this idea well we actually developed applications

4:25for a long time now and currently the products that we have we have some analytics product we have some ICP Jersey extensions most of them are actually extensions of existing products existing SAV products so those products are actually easing the wife of companies that are using the big enterprise softwares so we have working products it's it's something that we

4:53already complete it and something that is selling the thing is that we want to take those things in put it on our table and sell it ourselves otherwise we have more products coming up this month one is almost completed it's in a testing phase and we're currently just doing the final touches it's going to be out very soon so it's ready for selling the thing is we still

5:17don't have the certificate so we'll probably use again a consulting company to sell it's very interesting so you guys have a big release coming up really soon that's very exciting and then what do you guys have in the pipeline down in the next six months that community can look forward to well as we promised in our roadmap we are starting thing of

5:41developers in our token currently we started off actually the ICO with asking the people are you okay to get paid in those tokens so most of our developers are answered yes there are the problem was are you going to go on exchanges this was the first question but now when we know that we have reached soft cap and we have signed off with an exchange in another exchange

6:05radix that we are going to be on exchange so people can cash out or keep the token us as an investment so now we have answered those questions and the developers are happy and they are agreed to move forward with this with this which is token that's great to hear and it's very true that liquidity is the key to everything you know you can have a high priced asset but if it's a liquid

6:32then it's not as not nearly as valuable so speaking of the tokens can we speak a little bit about zan: how is it used specifically inside of the system is it just for payments or is there other utilities and you mentioned dividends as well yes so I didn't finish the question about the six-month what we are going to do so first of all we getting start paying well first this

7:00is actually happening right now some of them are getting paid so we have covered this of the roadmap the second thing is the dividends well the dividends should be each person holding son will get dividends based on our sales this would happen actually from next month when the ico is over we are going to get the partnership certificate then and we would be ready

7:24to start giving dividends and then of course the coming out of new products and the process of selling them ourselves this would definitely increase our profit so the dividends would be higher so back to your question again the second or can you repeat it yes so as well on top of the dividends the Zen coin has specific utilities inside of the application software and one of

7:51them being paying the developers right yes that's correct yep that's great so also I don't know if we mentioned this or spoke about it we have currently an active partnership it was signed almost one month ago with a company called and WI TM solutions they're actually pretty much in our line of business they like their idea we know them from from before because they are

8:16developers working on the same topic so they bought a really big chunk of tokens and they want to use it as payment their developers because they believe the value will increase so this is voting a very very big trust in our company we like that and we decided to go with this company so we signed off a contract of course we make them to sign that they

8:40won't drop dump those become out of coins because it's quite huge amount of coins what come on stock and sorry and that we sign off our first partnership it was in the earliest stages of the ICO the guys are going to use it as a payment method that's fine of course their company won't be involved in to the dividends I mean their profits won't be

9:08used as dividends to our owners but they're their developers are going to get the dividends based on our on our profits that's great to hear that you guys have such a great partnership already and I'd expect that as the community grows more partnerships more developers will join on so because there are all of these problems in the industry have you seen developers rushing towards

9:33this project like is there a lot of traction coming from the developers really quickly well actually currently the rushing is coming from investors people that have been working into IT or people that understand what we are doing because the our consulting into the security topic it's not so popular I mean not a lot of people have the experience we have

9:59received a lot of questions can I be a freelancer for you can I work for you I said yes but you need this in this set of skills and many people like them it's like it's enterprise software so it's they're huge products but a lot of people like them it's actually the experts that can develop in those topics are counted on the fingers of your

10:25hand and it's we're open actually we open we when we have a need when the project is big and we need a lot of people we are open for freelancers of course but we make a really long process of selecting them so we want to work with the best toys that's always hey the best is the best and if there are developers that are looking to start working on a platform or if there's

10:49people looking to join the community what's the best way to learn more about Zen koan and get involved well first of all I would recommend starting off with our website the website explains it all it also holds the current contract and where you can contribute it explained quite well there is a question and answers sections where we answer most of the question what is our company

11:13was registered who are the people behind it how we started was the roadmap all those basic things are explained there I recommend people starting off with a website because currently there a lot of because the hype is growing up there are a lot of scammers that are offering to sell tokens which is not true they're presenting themselves as us this is

11:34especially happening in telegram it's all food but we have to cope with it I don't know how we can fend off those those people and then they can just go into our official group in telegram and ask questions if there's something there submissions or understandings also we have a YouTube channel where we have recorded a lot of videos in explaining

11:56the idea and we are updating it with the partnerships and so on so those are the basic channels of the information Thank You t'adore I will leave the link to your website the YouTube and the telegram down in the description box of the video so people can get access to that and it was a pleasure speaking with you today I think we should definitely follow up in the

12:19coming weeks to month to see how Zen koans doing and to see after that big release comes you know what's next in the line for Zen coin so thank you to door thank you – it was pleasure here speaking with you here you