ZBT Community --USD Market Adjustment Announcement

2019-2-28 11:23:19

Dear Users,

In order to satisfy ZBT market globalization and decentration. ZBT community will launch stable coin market to replace original USD market. To provide more effective, safe and low cost trading environment, the first stable coin to be used at ZBT is USDT. More coins like PAX, USDC,TUSD and GUSD will be launched in future.

You can still withdraw your remaining USD in our website. At the same time, we will provide USD to USDT exchange panel very soon. Meanwhile, we will close down USD recharge panel once USDT is launched.

 

FAQ:

1. What to do with my USD balance?

A: You can now withdraw your remaining balance at any time, we wont shut down withdrawal panel yet, but we do suggest you withdraw as soon as possible. The minimum withdrawal amount is 5 USD.


2. What is stable coin?

A:What is stable coin: stable coin is an enciphered digital currency with stable value, estimated with legal currency, usually anchor with USD by 1:1 .


3. Usage of stable coin?

A: The most common stable coins are used to trade in Digital Currency Exchange with no legal currency cash-flows.

Bitcoins and stable coin might be more superior than gold in such situation, because those digital currency can be gained through internet or by mining.

The advantages of stable coin: It is based on block chain and can be programmed. For instance, if most asset link to block chain and traded in chain too. Then stable coin is more effective as a settle payment method. So the demand of stable coins future need to be supported by digital block chain based economic activities.


4. Examples of stable coins?

A: Stable coins include USDT, TUSD, USDC and DAI. GUSD and PAX are recently permitted by NYDFS.


5. What is USDT?

A: USDT is a widely accepted main stable coin in digital currency market. It is released by Tether corp.  in 2015, mostly is based on Bitcoins public chain and partly on Ethernet public chain. 1 USDT≈1 USD. ZBT community supports USDT recharge and withdrawal through Whalebank Wallet.


6. How does a player recharge and withdraw at ZBT?

A: Please refer to setting - wallet, then look at stable coin account. Now ZBT community is integrated with third-party wallet: Whalebank.There is no transaction fee with USDT recharged from Whalebank Wallet.


7. How to purchase items in market?

A: Its all the same as former USD market, but we replace settle currency USD  with USDT.


8. How to purchase USDT?

A: We have few suggestions:

1) Go to Whalebank wallet -- C2C market to purchase reasonable priced USDT;

2) Go to OKEX etc. Digital asset exchange to purchase USDT, then transfer it to your whalebank wallet address.


9. How to recharge USDT to Whalebank wallet?

At Whalebank App- Receive :


 

 

Note: Whalebank USDT recharge page(Only support Bitcoin public chain address)


10. How to transfer USDT to other address from whalebank wallet?

A: At Whalebank app - pay:


 

Note: Whalebank app Payment page.


11. I still have items listing or buy offers in market, what should I do?

A: We suggest you remove all your listing items and cancel your buy offers manually, if you still have items listing, we will remove them to your inventory, and all your buy offers will be canceled. You can list your item again based on USDT price later on. 


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