Zeex

Zeex is tackling crypto's biggest challenge-buying products and services. Through our sister Zeek, we have relationships with 350+ global brands and offer a seamless exchange of crypto to virtual gift cards, enabling shopping with crypto!

About Zeex

Zeex is a Crypto-to-Gift-Cards Exchange Platform. Zeex is notably a sister company of Zeek Group, Europes leading marketplace for buying and selling corporate currencies. Corporate currency is simply a technical term to describe the vouchers retailers issue that can be exchanged for their goods and services (e.g. gift cards).

Token Sale Use of Blockchain

Product

2.2
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

2.0
N/A
2 - Meh, okay.
Target User Base

Is it mass market or niche?

2.0
N/A
2 - Small audience / niche market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

1.0
N/A
1 - None or indeterminate.

Product

Zeex aims to make it easy to convert between crypto and corporate currencies, or in other words, to buy and sell gift-cards and vouchers with cryptocurrency. The product / platform is in alpha/beta stages with over 100 retailers. However, this is a crowded market with considerable competition from similar ICOs in the gift card business and from other gift card sites that accept both Btc and Eth among other cryptocurrencies.

Product Whitepaper

Use of Blockchain

1.6
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

1.0
N/A
1 - None; simple Ethereum based coin.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

1.0
N/A
1 - None or indeterminate.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

1.0
N/A
1 - None really, or unknown.

Use of Blockchain

The ZIX token is ERC-20 standard, and is the key to making crypto and corporate currencies mutually convertible. However, this is a crowded market with considerable competition, begging the question of the need for a proprietary token other than primarily for fundraising to expand gift card offerings.

Use of Blockchain Roadmap

Whitepaper

4.0
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.

Whitepaper

The whitepaper is fully comprehensive and professionally put together. The whitepaper is very readable at only 22 pages in length. The business plan could be more transparent by acknowledging the breadth of competition both from similar ICOs in the gift-card business and from other gift-card sites that accept both Btc and Eth among other cryptocurrencies. The technology presentation is thorough: The frontend provides the user clear and intuitive access to the broad catalogue of corporate currencies from top brands, the cryptocurrency units they have available to spend, and their ZIX tokens, which hinge the two types of currency together and allow users to pivot smoothly and easily from one to the other.

Whitepaper Compliance

Roadmap

4.4
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

5.0
N/A
5 - Professional.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

5.0
N/A
5 - All bases covered.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

5.0
N/A
5 - Well on the way.

Roadmap

Q4 2017: Zeex founded Q1 2018: Internal platform released / Web app Alpha / Closed Beta
Q2 2018: Private sale complete / Web app live (with 100 brands) / Public sale
Q3 2018: Android & IOS app release / App v. 2
Q4 2018: Expanding offerings
Q1 2019: Self-service portal
Q2 2019: API connectors
Q3 2019: Expanding to new markets
Q4 2019: Develop Blockchain vouchers

Roadmap Company and Team

Compliance

4.2
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

4.0
N/A
4 - Distinctive use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

5.0
N/A
5 - Only through utility value, or airtight compliance.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

4.0
N/A
4 - Professional.

Compliance

While not currency in itself, the ZIX token is the key to making crypto and corporate currencies mutually convertible. Attention to compliance is adequate. The legal review is three pages in length mainly consisting of a disclaimer of liability. “ZIX tokens are not being structured or sold as securities. ZIX tokens hold no rights and confer no interests in the equity of Zeex. ZIX tokens are sold with an intended future use on Zeex’s platform and all proceeds received during the token sale may be spent freely by Zeex on the development of its business and the underlying technological infrastructure.” With regard to KYC/AML, it is stated in the FAQ that “In general, we need a photo ID issued by a government, proof of address or residence, and sometimes other documentation depending on the situation.”

Compliance Token Sale

Company and Team

4.4
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

5.0
N/A
5 - Well established, has raised significant funds.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

5.0
N/A
5 - Accomplished, recognized.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

5.0
N/A
5 - Meeting and exceeding project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.

Company and Team

The team’s background and skill set is extremely relevant: the same leadership team that launched Zeek as a successful venture is also developing Zeex, and Zeex has already secured stable funding from prominent VC backers including Blumberg Capital, Qualcomm Ventures, Scale Up Venture Capital and more. Zeek has established relationships with 350 brands, including such household names as Amazon, Adidas, Nike, Ikea, Starbucks, iTunes, Steam and many more. Zeek, therefore, avails of unparalleled access to corporate currency, so users can realize their value immediately.

Company and Team Product

Token Sale

3.4
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

3.0
N/A
3 - Some presence, lukewarm reception.

Token Sale

Hard Cap: 50 million USD
Soft Cap: 14 million USD
Unsold Tokens will be burned.

Distribution:
50% Token Sale
20% Team
15% Partnerships
10% Reserved
5% Community

Allocation:
55% Investment in corporate currencies
30% Retail expansion
10% Sales and marketing
5% Operations

Product

Zeex aims to make it easy to convert between crypto and corporate currencies, or in other words, to buy and sell gift-cards and vouchers with cryptocurrency. The product / platform is in alpha/beta stages with over 100 retailers. However, this is a crowded market with considerable competition from similar ICOs in the gift card business and from other gift card sites that accept both Btc and Eth among other cryptocurrencies.

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

2.0
N/A
2 - Meh, okay.
Target User Base

Is it mass market or niche?

2.0
N/A
2 - Small audience / niche market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

1.0
N/A
1 - None or indeterminate.
Product Score:
2.2

Use of Blockchain

The ZIX token is ERC-20 standard, and is the key to making crypto and corporate currencies mutually convertible. However, this is a crowded market with considerable competition, begging the question of the need for a proprietary token other than primarily for fundraising to expand gift card offerings.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

1.0
N/A
1 - None; simple Ethereum based coin.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

1.0
N/A
1 - None or indeterminate.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

1.0
N/A
1 - None really, or unknown.
Use of Blockchain Score:
1.6

Whitepaper

The whitepaper is fully comprehensive and professionally put together. The whitepaper is very readable at only 22 pages in length. The business plan could be more transparent by acknowledging the breadth of competition both from similar ICOs in the gift-card business and from other gift-card sites that accept both Btc and Eth among other cryptocurrencies. The technology presentation is thorough: The frontend provides the user clear and intuitive access to the broad catalogue of corporate currencies from top brands, the cryptocurrency units they have available to spend, and their ZIX tokens, which hinge the two types of currency together and allow users to pivot smoothly and easily from one to the other.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.
Whitepaper Score:
4.0

Roadmap

Q4 2017: Zeex founded Q1 2018: Internal platform released / Web app Alpha / Closed Beta
Q2 2018: Private sale complete / Web app live (with 100 brands) / Public sale
Q3 2018: Android & IOS app release / App v. 2
Q4 2018: Expanding offerings
Q1 2019: Self-service portal
Q2 2019: API connectors
Q3 2019: Expanding to new markets
Q4 2019: Develop Blockchain vouchers

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

5.0
N/A
5 - Professional.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

5.0
N/A
5 - All bases covered.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

5.0
N/A
5 - Well on the way.
Roadmap Score:
4.4

Compliance

While not currency in itself, the ZIX token is the key to making crypto and corporate currencies mutually convertible. Attention to compliance is adequate. The legal review is three pages in length mainly consisting of a disclaimer of liability. “ZIX tokens are not being structured or sold as securities. ZIX tokens hold no rights and confer no interests in the equity of Zeex. ZIX tokens are sold with an intended future use on Zeex’s platform and all proceeds received during the token sale may be spent freely by Zeex on the development of its business and the underlying technological infrastructure.” With regard to KYC/AML, it is stated in the FAQ that “In general, we need a photo ID issued by a government, proof of address or residence, and sometimes other documentation depending on the situation.”

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

4.0
N/A
4 - Distinctive use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

5.0
N/A
5 - Only through utility value, or airtight compliance.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

4.0
N/A
4 - Professional.
Compliance Score:
4.2

Company and Team

The team’s background and skill set is extremely relevant: the same leadership team that launched Zeek as a successful venture is also developing Zeex, and Zeex has already secured stable funding from prominent VC backers including Blumberg Capital, Qualcomm Ventures, Scale Up Venture Capital and more. Zeek has established relationships with 350 brands, including such household names as Amazon, Adidas, Nike, Ikea, Starbucks, iTunes, Steam and many more. Zeek, therefore, avails of unparalleled access to corporate currency, so users can realize their value immediately.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

5.0
N/A
5 - Well established, has raised significant funds.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

5.0
N/A
5 - Accomplished, recognized.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

5.0
N/A
5 - Meeting and exceeding project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.
Company and Team Score:
4.4

Token Sale

Hard Cap: 50 million USD
Soft Cap: 14 million USD
Unsold Tokens will be burned.

Distribution:
50% Token Sale
20% Team
15% Partnerships
10% Reserved
5% Community

Allocation:
55% Investment in corporate currencies
30% Retail expansion
10% Sales and marketing
5% Operations

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

3.0
N/A
3 - Some presence, lukewarm reception.
Token Sale Score:
3.4

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