1.Does BZ publicly raise funds?
BZ does not publicly raise funds from investors. Bit-Z contributes 50% of BZ(600 million) to its global partner's share of dividend distribution, through "trading mining".
2.When can I start mining?
Bit-Z will open "Trading Mining" at 20:00, June 25, 2018.
3.Will VTC be affected after BZ launches?
No. BZ and VTC are in different ecology. The positioning of BZ is platform token, while VTC is the vote coin of Bit-Z's Vote for Launch. Currently, most platform tokens on the market are playing the role of vote coins, but this does not mean that it is the only and correct ecological model. Bit-Z has its own pace and style and is very confident about the future development prospects. We believe that all exchanges will have very good breakthroughs and developments. We agree with the win-win mechanism.
4.How to get BZ? Can I buy it directly?
BZ can be gained through "Trading Mining". Bit-Z will promote the opening of BZ trading according to the mining power of the entire network. In other words, with the advancement of mining, Bit-Z will open BZ trading pairs at any time.
5.How to mine? How much BZ can I gain through mining?
Bit-Z will open "Trading Mining" at 20:00, June 25, 2018 and you can only gain BZ through mining before opening BZ trading. After opening BZ trading, you can trade BZ.
1) The first "Trading Mining" currencies:
(Bit-Z will evaluate all currencies and continuously pick high-quality trading pairs to open mining.)
2) The total amount of "trading mining" is 50% of BZ(600 million). Each period is limited to 10 million BZ, gradually released until the mining is over. There is no limit for daily mining.
3)Before opening BZ trading, the return percentage of transaction fee will be reduced by 3% after each period are completed.
In the first phase of 10 million BZ mining, 100% transaction fee will be refunded in the form of equivalent BZ;
In the second phase of 10 million BZ mining, 97% transaction fee will be refunded in the form of equivalent BZ;
And so on, gradually decreasing. The whole network mining progress will be displayed on mining page in real time.
1BZ = 0.158 USDT; 1BZ = 1 DKKT; 1BZ = (0.158 / BTC whole network price) BTC
6.After opening BZ trading, is the percentage of return transaction fees still decreasing? Limit 10 million in each period, the proportion of mining will decrease to 0. How can I continue to mine in the back?
After opening BZ trading, the transaction fee will be 100% returned in accordance with BZ real-time quote price after opening BZ trading.
7.Why do I hold BZ if it can't be trade?
BZ does not publicly raise funds, so traders can only gain BZ through mining. After opening BZ trading, you can trade BZ.
8.Must I complete Level 3 Verification for mining? After completing it, can the previous transaction fees be returned to me?
Only complete Level 3 Verification can traders participate in mining and get BZ return. The transaction fees before completing it will not be refunded.
9.How long will it take for returning the transaction fee?
Mining will generate BZ in real time and BZ will be refunded once every 60 minutes.
10.Can trading mining use API? How to limit the API brush order? How to do if dealers make a lot of brush orders? What should I do if dealers control the panel after opening BZ trading?
We will not completely ban API, but there will be restrictions in order to release more BZ to traders and protect more traders' welfare benefits. The future development of BZ after the opening trading is entirely determined by the market and traders, and Bit-Z is always committed to handing over the decision to the market and traders from the very beginning.
11.How to know the real-time progress of mining?
You can view the mining progress in real time through the mining page. Link
12.When will dividend distribution begin?
After completing mining, Bit-Z Exchange will enter the BZ ecologically sustainable maintenance phase, in other words, dividend distribution phase.
13.How long will mining last?
Everyone can compare the mining speed of the current platforms. I believe that the completion of mining is just around the corner.
14.Why do you take quarterly dividends? The proportion of dividends is low.
BZ is based on ecological stability, and the proportion of dividends will increase year by year. Everyone has his own personal judgments. Do you dare to buy P2P products with annual income of more than 20%? What we are going through is a steady ecology. We don’t do things fiercely and violently. Quarterly dividends are based on our ecology. Our ecology will continue to improve.
15.How long does BZ have to be locked? Is it to lock up for 4 years?
The white paper only mentioned that if you want to enjoy the VIP privilege, you will lock the position. We suggest that you should read the white paper carefully and do not misunderstand it.
16.How do BZ Global Partners define? How to become a partner?
BZ minimizes the participation threshold of global partners and creates a new economy for welfare sharing together with all global partners. Traders holding BZ is the global partner of BZ.
17.Whether the invitation award still be available after launching BZ?
Invitation award has been suspended. Please follow the official announcement for follow-up arrangements.
18.What is the outlook of BZ?
Based on the global eco-development plan of the Bit-Z Group, BZ will have good asset value preservation, expected value-added space, and stable market liquidity. The value space of BZ can be imagined. BZ is bringing a series of ecological core welfare benefits to the Bit-Z Group.
19.Can BZ offset transaction fees?
After completing mining, BZ holders can choose to pay the transaction fee with BZ while trading on Bit-Z. Please follow the official announcement for more details.
20.What can BZ do?
After the mining is completed, the traders who hold BZ will become BZ global partners. You can participate in the quarterly dividends of the platform and use BZ to offset the transaction fees, and you can get excellent customer service. Also, global partners can get advanced quality currency purchase rights, double activity award. What's more, global partners can become Bit-Z operating partners.
21.What tokens is BZ based on? Do BZ has its own main chain?
The initial stage of BZ is based on the Ethereum ERC20 agreement. In the future, the BZ main net will establish more ecological models to boost the development of the platform.
Bit-Z Community(Telegram): https://t.me/bitzEN
Bit-Z Community(BIYong): https://0.plus/bitzEN
Thanks for your support!
June 23, 2018