On 19 January, 2018, ZenGold was invited to attend a Fintech meeting hosted by the Knowledge and Innovation Community (KIC), where we had the opportunity to pitch the project.

Jointly organized by K-TECH and startup consultancy Saidaoren, this meeting gathered projects that integrated blockchain technology into fintech applications as well as nine venture capitalists including Artesian Capital Management, Junhao Capital, Yin VC and Chenji Investment. A total of 6 projects pitched their concepts to investors at the meeting. After the pitch, several investment firms took the initiative to exchange contact information with ZenGold and expressed their interest to learn more about the project.

As ZenGold’s project manager, Steve represented the team to give the pitch.

ZenGold is China’s first Proof of Asset blockchain application — a gold digitization project based on the Metaverse public blockchain. Addressing longstanding problems such as the complexity of gold storage, transportation and security, ZenGold has already established a partnership with one of the world’s leading Chinese banks that will allow users to redeem physical gold directly from the bank’s retail branches.

Additionally, Steve explained the relationship between ZNG (digital gold) tokens available within the ZenGold app and the utility ZGC tokens issued by the project.

— Each ZNG is backed by one gram of gold, transforming each ZNG into digital gold. As little as 1 milligram of gold can be traded using ZNG, with the minimum tradable amount set at 1RMB. This vastly lowers the entry threshold for potential gold investors, making it accessible for a wider audience.

— On the other hand, ZGC is the project’s utility token and serves as the fuel for digital asset trading. It assures the continued, stable operation of the ZenGold project; Steve also expressed that it will be used in more application scenarios in the future.

After ZenGold’s pitch, Steve was approached by the event organizer, who offered assistance should ZenGold require office spaces. At the close of the event, Steve also took the opportunity to network with the investors and other projects in attendance.

The investors present showed great interest in ZenGold and shared their confidence in the project’s prospects as well as its potential to enable the new financial revolution.

ZGC is now available for trading on Bit-Z (https://www.bit-z.com) with trading pairs ZGC/BTC and ZGC/ETH.

To learn more about the project, follow us on:

- Twitter (https://twitter.com/ZenGold1)

- Medium (https://medium.com/@zengoldofficial_)

- Reddit (https://www.reddit.com/r/ZenGold/)

Or visit our official website at http://www.zengold.org/en/index.html.