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ZIY018 - What is ZiyenCoin? It is an ERC20 Equity Security Token - YouTube
Channel: BOOM! It's on the Blockchain
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Hi, good afternoon. My name is Alastair
Caithness. I'm the CEO of Ziyen Inc.
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So for today's video blog,
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I'm going to speak about the
token structure of ZiyenCoin.
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So what is ZiyenCoin? Well,
essentially what ZiyenCoin is,
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it's in digital security. Essentially,
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the way you've got to think about
it is like a fractional share. So,
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for our current shareholders,
for every share you've got,
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you can actually swap
this for 100 ZiyenCoin's.
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That's why, I mean it's a fractional
share. Now where, is it going?
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It's going onto the blockchain.
The technical name of it is,
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it's an ERC 20 token.
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It's on the Ethereum blockchain and it's
on there under Regulation D 506C and
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Regulation S. So when people
invest through these two offerings,
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this is how they acquire ZiyenCoin.
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Now what's interesting about it is
rather than having your security held in
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terms of a share in private companies
before they go public, you know,
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you'll have the share
certificate held in your drawer.
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What you'll have is the transfer
agent also hold this information,
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we all know this information that
you all know this information,
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but realistically what's happening
with these digital securities and why I
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believe that we so big going forward.
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Because essentially what it's doing is
allowing companies to take advantage of
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the blockchain. So when you
acquire ZiyenCoin, think of it,
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you're acquiring now this digital
security under this new SEC 506c
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security token offering.
Now where's it held? Well,
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it's actually held in a MetaMask
wallet or any other Etherium wallet.
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And you actually have control of this.
Now it's actually on the blockchain.
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So you can actually go
on to the blockchain,
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look up ZiyenCoin on a
website like Etherscan,
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and you can actually see
your ownership of ZiyenCoin.
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Now people will say, oh,
that's the same as Bitcoin.
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It's not the same as Bitcoin because
ZiyenCoin is on a permission blockchain
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same way as Libra is on
a permission blockchain.
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So it's on a permission blockchain
and the whole loop is secured.
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So if you end up losing your wallet
and you wanted to get your ZiyenCoins,
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put into a different wallet,
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because you've gone through KYC is all
we would need is your social security and
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passport and then we can reassign it to
you or our transfer agent can reassign
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the coins back to you whereby if you
have Bitcoin in your lost your wallet,
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you would actually lose your investment.
So think about the differences.
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The differences being in ZiyenCoin is
within government control and it's highly
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regulated whereby Bitcoin is on a public
blockchain and it's out with government
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control and it's not regulated.
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That's why the Bitcoin purists say
that this is not a cryptocurrency.
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It's actually people don't know
about it say its a cryptocurrency.
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All the Bitcoin people
call it a stablecoin,
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or in our case it's an
ERC 20 equity token.
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So what do you own if
you own ZiyenCoin? Well,
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essentially you just own a piece of
equity, a percentage of the company.
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And that essentially is it.
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The exciting thing is that you're now
in control of your investment because
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you've now got this wallet where your
investment is held and as the tokens come
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online or get minted,
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so we've used the company
Polymath and they mint our tokens.
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So every time we get a new
investor, we mint their tokens.
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It goes into their Etherium wallet.
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And while it is actually
in their Etherium wallet,
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it's actually restricted for 12
months under the SEC regulation.
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So what happens after 12 months, well
after 12 months it becomes free trading.
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You can move these tokens about,
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but obviously at that point we want to
get a secondary trading platform or what
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you would call as an ATS,
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someone like Open Finance or tZero for
somewhere to list these tokens in order
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for you to actually convert them to
sell them and get them more liquidity.
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But essentially that is what ZiyenCoin is.
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And if you invest in ZiyenCoin,
that is what you will own.
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So thanks very much.
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I'll leave information below if you would
like to get in touch and find out more
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about ZiyenCoin then please do.
Thanks very much. Have a nice day.
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