ZIGChain expands wealth generation strategies for Web3 users

0:01I'm Ashton Addison from the cryptocoin show and today on blockchain interviews with have Abdul co-founder of Zig chain Abdul welcome to the show it's great to have you here thank you thank you very much for inviting I remember a couple of years ago uh my co-founder and partner Bard was also on the show with you uh so I think it's been a journey since then

0:21yeah so glad to be here yeah I was going to mention that uh we did have a Bart on the show a few years ago and it's great to see zignal still growing and from what I've heard the numbers were the strongest ever uh in 2024 and I'm excited for the growth of Zig chain and to hear how your team is expanding uh the operations I would love to start off with just a little bit about zali and

0:46and what your team has built at Zig chain and what's the latest and then we can dive into all the details absolutely thank you very much once again for the opportunity so yeah I mean right now we under the these kind of two two boards but yeah zikan is like a very great and Grand your uh you know Vision implementation of what we started at zal uh Z which just started like a

1:07copy trading platform you know and transformed into a larger profit sharing hedge fund solution kind of a uh you know platform b2c as well as B2B it has done phenomenally well across 2024 um you know we did like the largest ever Revenue numbers in our history we Remain the largest broker under the binance program we got like the fsca license in South Africa we got licensed in St

1:31Winston we are in process of getting couple of other jurisdictions as well so as a business zal has been doing really well but when we were when we look at zal it is just it is just a single product which is very much right now focus on centralized trading we have binance and buyit but when you really look at the opportunities into the market it is greater than that it is

1:50more about the defi Market as well where you can get early meme coins or if you can get into the NF trading or yield farming or staking or or more most importantly the the tokenization of the real world asset is actually coming on chain as well right so the whole trade fire space which which we will be missing out on to if we limit signally only as a single product so while we

2:14were going on to that Journey we realized that we do billions and billions of volume every year and we do millions of transactions every week actually so why don't we actually have infrastructure of of our own and you know kind of little bit curate the defy system that we want to see for these investment platforms to grow so zinal is then not the only player in the greatest

2:36scheme of things that is that is you know solving for the greater well generation and financial inclusion for everyone but there can be more players coming in and you know they can really focus on the goto market and the fund management side and the infrastructure is taken care by us so keeping this in mind we introduce something called Zig chain which is build on Cosmos SDK uh

2:56you know just to make sure that we are not Reinventing the wheel and the you know and everything is in place already our test net is about to go live I think in less than two weeks now uh and our main net is expected sometime in early Q2 so you know um with that in mind we have a strong Community we have done really well over the last uh couple of years uh and uh yeah that's that's a

3:19very quick brief about what we up to yeah that's uh I think it's expanding in the in the right direction um it's great to see that you know zignaly and copy trading and and just trading platform is growing and from what I see with zignal over the few past few years it seems that there's a focus on wealth generation and there's multiple ways to generate wealth uh and expanding out

3:46into different product lines seems like the next uh logical step so what's the what are the next exact steps after zignal launching Zig chain how do you get people started into finding other ways to generate wealth right absolutely that's a great question so Zing as a as a platform as a current platform will also expand into D5 so it will become a perfect D5 plus a

4:11C5 product on its own what what's going to happen on a zig chain level which already is happening we are not creating new more products we are just creating infrastructure and through our Zig laabs and through Kickstart program we are inviting DS to come over and build just last week we announced uh the first ever dab that is being built on Zig chain

4:33well it's been built by some ogs of Zig by the way and they creating an AI power decentralized exchange um this week we are also expecting to announce uh one more uh you know D by announcement I mean we are not announcing it they are announcing it and we just enabling them you know throwing them out to our community so going into the test n it is a really good feeling that there are

4:55already 10 plus deps that are building on Zig chain and they're all independent deps we are not creating anything inhouse we're just giving it the right tool set help on the you know early funding as well as and these are investments by the way we are on a zero Grant uh kind of a strategy we don't want to give a grant we will give Investments and we have Channel Partners

5:14who give Investments so what would happen is that one thing is primitive like decentralized exchanges and tokal launchers Landing borrowing protocols liquid reaking and then we are actually hunting down the D5 protocols and specifically the r W based protocols which are you know bringing the trade F yield into the D5 world having that would give opportunity to the fund

5:38managers at zal to invest now in more products just as compared to be like trading on the centralized exchanges now imagine you are a fund manager or if you are a b2c entity in the fund management space you can create something like zigal as it is on top of our blockchain we creating something called well generation engine which is a USP of our blockchain uh we'll be

6:02releasing a lot of information around it basically this will be an environment where any one can come in and create a fund management platform which can tap into all the daps and you know like the whole accounting and technology and smart contracts and everything has been taken care of this is something which has taken us some time to see through thought through uh you know um legal it

6:25out and everything but now it's about to go like come out in the next I would say couple of months and that is going to change the way I would say the people invest in web three problem has been if you look at the back two people um for the last three days everyone has been talking about the Trump coin right but it has become very easy for them well

6:48sorry it is not easy for them to get the Trump coin how do they get the Trump coin that's the question just today there is a 45 55y old guy who lives near my house okay he came and asked me how do I get this Trump coin so there are people who wants to get in but there's a greater uiux problem okay which is associated with the web 3 and I think we as a

7:14blockchain want to cultivate the culture where the blockchain returns or the blockchain Technologies is used to ease the life of people and include them in the process of well generation and financial inclusion and and and it should not be the case where someone coming new feels you know like threatened and feel like that like that they in front of the audience where

7:37they'll be mocked out that because they don't even know what the web three wallet looks like right so we are basically trying that the whole back in infrastructure like the dabs and the well generation engine and everything takes care of the D5 side of the things but from a uiux perspective the DS that are built as the protocol they should be able to show it to the people in the

7:55most easiest way when this starts happening the adoption trade F into D would be super fast definitely and I I I love that story of the Trump coin with um you know there's a lot of people that they want to get into this they just don't know the right steps or there's some small technical barriers to entry and I think zignaly in the beginning had had that

8:21understanding and that's why as a copy trading platform it it's also designed for people to like I don't really know the details but like I know that there's smart people people and I want to follow them so how can we expand on this idea into even more stuff and so with that said you know Zig chain obviously there's a lot of advantages for that which I want to dive into but I want to

8:43focus on lowering the barriers to entry helping wealth generation for those non-technical people how exactly can you get more web 2 people trafy non tech people into using the expansion of Zig chain how is it actually going to lower lower the technical barriers to entry for new people in if you go to zal platform right now except the fact that it accepts uh you know crypto as a deposit

9:13there is nothing web three about it you know um yes the fund managers are investing in cryptos that's correct but there is nothing crypto about it you use the platform you will get a feeling that you are using something like um you know mt4 M5 where you're following the Pam accounts this is the beauty of it and we want to transmit it out to all the Ts

9:35that are building on us it is only possible when the backend infrastructure is fantastic okay and the well generation engine that we are talking about connects everything properly so that whoever comes and build these fund management tools on top of it they can also provide this ease of access to the end user um of course there are some things that will always happen for

9:58example permissions or of you know wallet connections and all that will always happen you cannot go around maybe you can ease it out a bit but that's like those are not lwh hanging fruits lwh hanging fruit would be that someone okay in a trade fire World um should be able to see that there is a fund manager on a particular platform built over Zig chain has

10:23generated 15% return last year and through one button this person should be able to invest this is how the barrier would be removed and this is as I said this is only possible by the way if you start thinking like that a greater problem that we have seen in web3 is that web3 developers are very native web3 in many ways and they don't really think about the end users they think

10:49about the end users within the web tree they don't think outside the web tree we have cracked it over the years uh 70% of our audience at zal their first ever crypto account has been zal this shows that they come from trade five yeah this number was actually 85 to 90% three years ago but then we launched a token and a lot of token audience started coming in right but before that

11:15this number was like 90% so 90% of our audience used to be like non- crypto people their first ever crypto account was Zar this number is still 70% wow now so so so this this again shows that solving for this you ux problem and then you know giving it out as like a blow book would really solve this problem now yes again as I said like there can be particular products where you will

11:42always have to interact through web3 wallets but then if you look at non-custodial wallets right they also solve this to certain extent where your email ID becomes like custodian of your wallet which is like half in your phone half is there like keys are divided those things are also solving the problem so you have to abtract that difficulty and really bring in the the

12:02the web to audience because let's be very clear about it that right now the liquidity and the depth in the D5 world or in the crypto World overall is a fraction of what is out there and if you really want to get of all of that or a big part of it especially when the RWS and everything starts coming in you would really need to solve for the for the user experience problem otherwise

12:24forget it this industry will might not grow Beyond speculation definitely and I think that's important having a good user experience especially when you actually have a native web 3 product you have a decentralized exchange where in the past there hasn't been as much user experience uh it hasn't been easy compared to a centralized exchange so we need to fix that and

12:50so with that focus on user uh experiences and and interfaces um how is that going to look on on on Zig chain on on these new daps that are launching so we cannot really govern how they create those tabs but this is the culture that you want to drive through the zig chain Foundation that we we have we have set up our Cayman foundation and we are setting up a team and everything

13:17and Kickstart program and Zig labs and everything by the virtue of driving what we believe are the core value set so um there are multiple functions there but one is to support them one is to invest them and everything and obviously you you don't really invest invest into everything that's been built on your chain right it is not scalable not possible so you the way you

13:42basically uh Drive The Narrative is what is adopted by the daps right you tell them that your focus is daus and volume and mcoins and XYZ there's no harm in that yeah do it but this is not what we are doing great to have volume great to have daus great to have meme coins and nfts and everything we will also have that but when you drive your focus through your

14:09communication and through your documentation of your blockchain as a blockchain which is focused on Defi and well generation this is what deps pick up and this is how they built it so like we've started seeing some wireframes and some UI of the uh um of the deck that's been built on zch is called Autos swap it's beautiful um you know I would not I would not say much I think people will

14:32start seeing it themselves very soon but yeah it's beautiful it's like state-ofthe-art you can compare it with something like Jupiter sorry with like radium maybe you know so it this is the kind of quality that we are we are trying to drive again we can do curation to a certain extent by talking to certain Partners but eventually we believe that if we are actually able to

14:53solve the problem and and when the more depths start coming in then they see oh this chain already has1 billion dollar in tvl and the daps on it looks beautiful and easy to use and they are making a lot of money then they would not also create shitty stuff because they would know that the that the people on this blockchain they are used to a certain

15:11kind of an experience and they also have to deliver certain experience to get the you know juice out of it because the Zales audience current audience is very used to great uiu if you look at Zales UI it's phenomenal it's amazing it's industry leading right and so if you want to capture the zal current Community into def5 products you really will have to meet that standards so this

15:33is how it's going to work I'm looking forward to to seeing those launches and you mentioned the test net where exactly is it at with with the chain the daps and what can people do on the test net to get started before the next stages right so that is something very interesting so test net is not going to be like your typical boarding test net where you just go and you know run a

15:57Galaxy campaign yeah that will be there as well but so we have hired a an agency called optalis uh they are one of the finest gamification experts and by gamification I don't mean point system and a leaderboard that's level one uh they are like the advanced level gamification experts who have worked with ethereum Foundation Tesla Google alphabet dut

16:22Airline and they have really designed a brand new experience with us so the test net would also been phases the first part of the test net would be little basic in terms of people would be able to take out the tokens and do XYZ and the daps will start coming on testnet as well within 10 to 15 days of testnet so you will have a decentralized exchange

16:44and a token launcher and people should would be able to you know deploy LP and trade tokens and do blah blah blah and a few days after that uh after the test net we are going to be launching an experiential test net uh which would be like a game so uh you know you would be able to do things inside it the the core deps will be integrated on a test net

17:05level again independent deps like a decentralized exchange a token launcher and maybe a few other people would be would have to make tasks and they that would give them pointers and what would they get out of it would be a wealth pass what is this wealth pass well pass would be a Gateway of everything and anything to do with the ogs of Z chain Community we cannot say too much about

17:27it we want to keep like mystery around it you want people to find it out over the period of time but it but think of it Z Zig pass to well pass to be something like that anyone and any dab that comes in and they want to develop on Zig chain and they want to find out that okay where are the people where is the core Community they would just have a simple answer that okay the we pass

17:50holders so how many wellp pass would there be what the well pass would exactly do what would you have to do for the well pass for all these answers you will have to wait for the test net to come in and then start seeing but I I'm very excited about it I've seen things of course we we creating those things I don't think that web 3 has seen that kind of a text net experience ever so uh

18:13you know fingers crossed but I I personally believe that we are going to uh you know deliver the most disruptive test net and Main net experience ever in the industry wow I'm looking forward to to seeing it and is there is there any timeline for the start of the campaign or the test net test net is not more than two weeks away now okay that's great yeah so we are

18:38expecting it end of January or early February we're just fixing a few things on the security side but yeah it's done yeah yeah it's always when you're creating these gigantic uh chains and all the daps in the ecosystem there there's never a definitive date when you're looking a months absolutely absolutely absolutely yeah you know like it's always the problem but that's okay

19:03it's fine I mean like you know which also shows that you are doing something on and it's not just a copy paste and specifically you know when it comes to depths as I said we made this commitment in house you know there are few blockchains who were like okay let's do everything in house and their goto Market became really fast we could have done the same you know but we said if we

19:25do that where is the scalability and where is the word of mouth because in developer for communities the biggest thing is actually the word of mouth and if you do not allow these daps to be built by independent people and grow on their own so that they talk about you that's game over um you know so you you have to go through that Journey uh and then you get the gold

19:49out yeah no I I I love that approach and I think it's a testament that there are dap developers that are choosing Zig chain uh for the technology and the community to launch on because there's so many blockchains nowadays and that have different languages and different sizes already how do you choose uh where where to start and and hope that there's

20:13the interoperability to expand around and and and interestingly we we uh we have we have not given a single Grant and we will most likely not give a single Grant despite of that we have more than 100 teams who have already applied under Zig labs for Investments and they have like product ideas they're not random people most of them are experienced web3 Founders the team that

20:40is building like the Dex for example they have they have been part of three projects before the team that is going to do a token launcher they have been part of two to three projects before as well so you know they are like fresh teams coming in reason being that last one year we've been around a lot you know and and and I think I think we have driven The Narrative really well well um

21:00I don't want to call it like an rwa chain but it is what really is going to be because the yield inside the web three is one thing but what we are really focusing on is to extract the yield from the trade F and give it to the blockchain not ourselves but through the protocols we have two three of such protocols already done and dusted and they're deploying as we speak they're

21:23working on it imagine them being there and they are able to pass through this yield to the people on chain and then The Primitives are on work like tax and token launcher and everything is working on its own so it can be like a beautiful Gage of its own uh and this is really a good narrative where people are ring up so you know like now when we go to the

21:46conferences we don't really have to you know run like a Hecker Town we're doing a side event and you have so 100 developers coming in in the room saying okay guys you know we want to develop with you we we did one event uh in uh m on a Sunday afternoon 300 people showed up on one tweet you know uh and like 60 70 of them were dads same happened in dwai alongside binance blockchain we we

22:13did a event on a one day before binance blockchain week um 3 400 people turned up 30% of them were DS they want to do something with us so I think old name in industry has also helped a lot we are also doged and and we also want most of the found I mean again it's a personal choice but we really tell them the importance of being doged so that people

22:36can trust you so yeah I mean like this is the kind of a culture that we are trying to develop yeah no that's really exciting to see those numbers coming out without any grants and at the beginning you mentioned all the different parts of the ecosystem and an important part which I as I understand would come later on is real world assets tokenization you

22:56know black rock is talking about tokenizing assets and putting them on on chain and real world assets is trillions of uh of market cap that could be tokenized so later on down the road H how do you foresee that fitting into the zig chain ecosystem so it is not later down the road we are actually expecting one or two protocols in fact okay this is also

23:21going to be a protocol that that so there is a very uh seasoned founder with the financial management background based out of Dubai and that is a very senior person who is partnering up with him they are looking to build on Zig chain and rwa platform okay and this RW platform will be tokenizing real estate will be tokenizing anything in the world that yields uh that yields basically so

23:47this is not something that is going to happen down the line this is something which we hope and we are expecting to happen one day one of the main night and maybe over on the test night so this is going to happen we are facilitating these conversations we are trying to open doors for them again as I said this is the advantage of you know fostering an environment where developers can come

24:08and create where we provide them all the Legos but they create the robot you know that works so so RW is I am extremely bullish the reason being well people think RW is real estate it actually is not real estate is a lot of abundance a lot of volume but little margins for the platforms where is the real money in rwf for the for the platforms is you know the cfds the mutual F the

24:31mutual funds and the hash funds getting tokenized gold mines um you know insurance contracts um there's a huge Sharia defi market and there's a Sharia uh you know Islamic uh um uh Insurance Market Islamic loan Market those can be tokenized in broom chain okay uh the huge chunk of liquidity out there in the world that would love to have that like if you just tokenize a trade fire of one

24:59part of the world and offer it to the other part of the world this Arbitrage alone can break and this is rwa right what is RW real world asset right that's it so anything that you do which which tokenize the yield of the real world and bring it onchain that's it and this is really going to be our Focus so for us the RW is not something down the line RW

25:22is something which will be there even before the chain is laun wow well that's very exciting I'm looking forward to seeing that part as well Abdul and with the testnet launch in the near future and then that campaign going on in this experiential gaming which sounds very interesting what's the best way for people to follow along get involved early on and test out the functions as

25:45they become released in the different apps social media or Twitter is the best place for the retail audience to engage Zig chain.com as well but our Twitter is the best place for uh anyone uh you know if you just a retail follower and investor you you should be there if you're a developer you can always come in you know I'm all over Twitter myself my DMs are open Zig laabs also now has a

26:10Twitter handle their DMS are open Twitter is the best source of the aggregated information and then it sign poost you to the relevant places but yeah like if you're really interested and if you want to follow it point to point you follow us on X uh and if you're a developer you will get sign posted to Discord most likely where we will take care of you and everything so

26:32yeah but X is the place to be sounds great I will leave the the link to the the zig chain and your X as well and and the zig chain uh website for people in the show notes below I'm excited for for the launch of Z chain and all these daps wishing you and your team the best on it would love to follow up in the near future when the next stages of development are uh in

26:55reality yeah sounds good thank you very much uh question for having us today uh and uh yeah I mean we we are going to be gold sponsors at token 2049 and uh you know uh from your audience I would like to give away One exclusive pass to attend token 2049 so you pick from your audience and it from our site that sounds great Abdul thank you so much uh wishing you guys all the best and would

27:21love to follow up in the near future thank you very much take care bye-bye bye