Coinzer is a global decentralized platform connecting digital communities together. Find out what that means today in our review.
What Is Coinzer?
Coinzer, found online at Coinzer.co, aims to empower the digital economy by connecting different communities together – at least, that’s how the website explains it.
What exactly does that mean? Well, Coinzer is a Malaysia-based cryptocurrency. The company explains that their long-term goal is to be the main cryptocurrency of Malaysia. That cryptocurrency will attract investment into Malaysia by “creating a new high potential industries that will surely marks the brand in the global digital market.” Yes, that’s a real sentence from the Coinzer whitepaper.
Why do we need a new digital currency? What unique advantages does Coinzer offer over other better-known cryptocurrencies?
Well, the main benefit of Coinzer’s CZC token is that the token’s value is connected to the profits generated by a hydroelectric dam in Malaysia. The company is seeking to build a dam, then use power from that dam to power a cryptocurrency mining farm. Token holders are then entitled to receive 30% of profit generated by the dam and its operations.
There’s a lot to unpack with Coinzer, so let’s take a closer look at how it works.
How Does Coinzer Cryptocurrency Work?
Coinzer’s main goal is to launch a hydroelectric dam and use it to fund cryptocurrency mining operations. However, much of the whitepaper focuses on the value of the Coinzer cryptocurrency.
Coinzer’s whitepaper, for example, claims that the token offers some of the lowest transaction fees in the cryptocurrency industry. Here’s how the whitepaper explains Coinzer’s unique transaction protocol:
“Coinzer came out with a new exchanger that will overcome the problem the community is having right now, which is the transaction fees is massive. The exchange that we created is based on peer to peer zero protocol. Safe to say that our exchanger provides the best of perks consist of fast transcation system, a trading platform for over 100 plus altcoins and we also offer the lowest transaction fees in the market.”
Again, that’s a real paragraph from the Coinzer whitepaper.
The Coinzer cryptocurrency is listed under the symbol CZC. Coinzer is selling the tokens through a crowdsale. Money raised from that crowdsale will be used to support various company initiatives – including the hydroelectric dam project.
Other Coinzer Products And Services
Coinzer wants to launch its own cryptocurrency (CZC) to make money. That money will be put towards other Coinzer products and services. Here are the three core products and services mentioned on the Coinzer official website. Other projects, including a mobile peer-to-peer cryptocurrency exchange, a digital wallet, an online marketplace, a cryptobank, and a social network.
A Regulatory-Friendly ecosystem
This will enable community access on various regulatory and legal requirements, including integrated anti-fraud tools, KYC, and user identity verification. Coinzer will also have a digital signature verification system (UETA and ESIGN) and a geo-targeting system.
The World’s Largest Hydroelectricity-powered Mining Farm
Coinzer claims to be building the world’s largest cryptocurrency mining project powered by hydroelectricity. The 10 MW power plant is in development in Sungkai, in the state of Perak, Malaysia. It’s scheduled to be completed in Q4 2019. Upon completion, the mining farm will generate $12 million per year in revenue. Coinzer also plans to sell its power to the Malaysian electrical grid to generate additional revenue. In total, the mining farm is expected to have 10,000 ASIC units and 15,000 GPUs.
The Coinzer ICO
The Coinzer ICO began with a private pre-ICO in January 2018. The remaining pre-ICO, meanwhile, is taking place from April 11 to July 1.
Tokens are being sold at $0.25 to $0.35 per CZC during the pre-ICO, then rising to $0.50 to $0.75 during the main ICO. Dates for the main ICO have not yet been announced.
Why would you buy CZC tokens? Well, 30% of Coinzer’s net annual profit will be distributed to token holders. The more tokens you hold, the bigger the chunk of revenue you’ll receive.
Additionally, certain token holders will receive further benefits. If you invest at least $25,000 USD, for example, then Coinzer will pay you 18% returns per year. Coinzer will also have a “redeemable preference coin” (RPC) policy where token holders who invest $100,000 can redeem their total capital within 24 months.
There’s a total maximum supply of 1,000,000,000 CZC tokens, with a maximum of 600,000,000 available during the token sales combined. The remaining tokens are going to the foundation (20%), the team (10%), and bounties and partnerships (10%). Coinzer has set a hard cap of $100 million USD for the ICO.
Who’s Behind Coinzer?
Coinzer is led by Dato Norddin Lasar (Group Executive Chairman), Maududi Nazri (Founder), Nurul Laini Mohd Yusof (CFO and Co-Founder), and Nahwan Nazri (General Manager).
The website does not provide further information about any team members. We don’t know what the background of the team is, nor do we know their qualifications or experience. Typically, when you’re being asked to invest a minimum of $1,000 into a project, you’d like to know more about the team.
Coinzer lists an address in Kuala Lumpur, Malaysia. The company seems to be a subsidiary of DL Trade Network, another Malaysian company.
Coinzer is a Malaysia-based cryptocurrency project that seeks to build an entire hydroelectric dam in rural Malaysia, then use the electricity from that dam to power a cryptocurrency mine. To build that dam, Coinzer is seeking to raise $100 million through an ICO for its CZC tokens. The only value in CZC tokens is that you’re entitled to receive 30% of profits generated by the dam’s operations – if and when the dam becomes operational and profitable in the future. The dam isn’t scheduled to open until 2019.
Ultimately, there are a number of unusual things about Coinzer. The website and whitepaper’s English translation is an unprofessional mess. The whitepaper is lengthy and detailed – but much of the whitepaper talks about the general nature of cryptocurrencies and how they work.
Coinzer seems to be a legitimate project: Coinzer has legitimately partnered with groups in Malaysia seeking to build a dam and generate hydroelectricity. However, it’s unclear how much investors can really expect to earn if or when the dam gets completed. To learn more about Coinzer and decide for yourself if it’s worth an investment, visit online today at Coinzer.co.