Zealium is a full-privacy, New Zealand-based Proof of Stake decentralised cryptocurrency which uses peer-to- peer technology to operate with no central authority or banks. Managing transactions and the issuing of Zealium is carried out collectively by the network. Zealium is open-source; its design is public, nobody owns or controls Zealium and, the good thing is, everyone can take part!
New Zealand is adept at punching above its weight in many areas of technology – from Rocket Lab’s lightweight, cost-effective commercial rocket launch services, to Weta Workshop’s award winning visual special effects and movie props. It’s a veritable breeding ground of open-minded, resourceful, forward-thinking techthusiasts. Indeed, given its optimal population size and relative isolation it’s a common uptake testing ground for new products, brands and inventions. New Zealanders are bred for this type of innovation.
At Zealium, our goal is to vastly improve awareness, knowledge and understanding of cryptocurrencies within New Zealand with a view to the eventual mass adoption of decentralised finance and trade. Our ambitions are hefty – We want to make a decisive difference to the future of doing business in New Zealand. At the moment, for example, there are no products here to purchase via QR Code, plus New Zealand has only 2 BTC ATM machines nationwide. This must change. Our goal is to turn Zealium into a currency for one’s daily payments; a coin that is not only traded for speculative reasons, but a currency that enables people to buy products and services in a secure and quick way.
Over the past decade there has been an explosion in the demand for cashless and digital payments. Global transaction volumes grew by 11.2% from 2014 to 2015 to reach 433 billion, an increase partially fuelled by Emerging Asia. In the past 24 months this growth has been enhanced by the introduction of mobile contactless payment solutions such as Apple Pay, Google Pay, Alipay and a whole host of other innovative solutions. Between 2015- 2020, mobile proximity payment volume (such as Near Field Communication (NFC) and QR codes) is expected to rise by a compound annual growth rate (CAGR) of 80 percent, which would bring mobile proximity payments volume over US$4 trillion by 2020. Moreover, the market for peer-to-peer payment is expected to grow at its highest rate in the next few years. The growing demand for compliance-free peer-to-peer transaction is driving the market for crypto in the peer-to-peer segment.
We want a piece of this. Cryptocurrency transactions are compliance-free, tax-free and charge a very low processing fee. Cryptocurrency transactions also do away with the need for certain third party inclusion such as banking enterprises and government backed money (Fiat currencies) – in short, a truly free market. This all, in addition to
growing awareness, acts as a major factor for the growth of crypto market for peer-to- peer, and a major driving factor behind our raison d’etre.
We believe our brand will resonate well not only with the whole of New Zealand – our indigenous Iwi, our European population, our Pacific cousins, indeed all of the plethora of cultures that now call New Zealand home – but also further ashore. Zealium was formed to put the benefits of cryptocurrency investing within the reach of everybody regardless of wealth and tech know-how. Our transaction times are low, our fees are slim, we’re an environmentally aware and responsible cryptocurrency, plus the rewards for stakeholders are many!
Zealium is currently a small team, primarily based in a small country. Being in the rather tiny minority of successful cryptocurrency adopters within New Zealand we have only but one option to rate ourselves – The standard Kiwi way – By default; self-qualified to succeed 🙂
The purpose of this document is to explain:
• The general landscape of Crypto today
• How POS is beneficial
• What Zelium does differently and where it fits into the crypto realm
• What we have planned
• How you’ll be rewarded