Non-Zero, a blockchain startup, announced today that it has partnered with CoinHub, a digital currency exchange hub. The Singapore-based exchange is the first to be named by Non-Zero as a primary venue where its NZO tokens can be bought and sold.
NZO tokens will be available to trade on CoinHub from December 1, 2018. The blockchain startup also has plans to list its tokens on further cryptocurrency exchanges. In fact, the company has compiled a list of preferred venues.
The NZO token
For those who aren’t aware, Non-Zero’s tokens aim to create a new ecosystem for both traders and retail forex and contracts for difference (CFDs) brokers. Specifically, traders can receive part of their losses back as tokens if the broker booked warehousing revenues on their trades.
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As can be expected, this will not only increase the loyalty of traders to brokers, it will also give clients confidence that the broker has their best interests at heart. In a world of strict ESMA (European Securities and Markets Authority) regulations, the tokens aim to increase transparency, the statement said.
Commenting on the exchange listing, the CEO of Non-Zero, Hadi Kabalan, said: “We are very pleased to select CoinHub as a preferred crypto exchange as we have been very impressed with their commitment to client security and user experience and believe they will be a great option for users of the Non-Zero platform to exchange their tokens.
We believe that the addition of CoinHub to our list of preferred exchanges underlines commitment to launch our product in a timely manner and begin an era of transformation for the retail brokerage industry.”
Nuri Fattah, the CTO and co-founder of CoinHub, added: “We are delighted to be listing the Non-Zero NZO token worldwide. The platform has successfully passed our detailed vetting procedures. We will also be allowing our customers to sign up to the token offering on our exchange.”