Who is EZ365?
Operating out of, self-titled, ‘blockchain island’, Malta, EZ365 is a newly developed digital asset ecosystem. EZ365 also maintains ties to Canada, as this is where most of the founding team calls home.
The company indicates that their goal is to ‘facilitate the mass adoption of cryptocurrency’. They intend to achieve this through various services, made possible through the use of, both, utility and security tokens.
What is the Problem?
Cryptocurrency for all. Many individuals and companies have promised this, but in reality, the blockchain industry has yet to deliver. This was recently highlighted, as this promise was called into question as Circle CEO, Jeremy Allaire, spoke on the technology in a Senate Hearing.
Service providers within the industry need to provide a platform that is geared towards more than only die-hard blockchain enthusiasts. It needs to be intuitive, and engaging, to users of any ilk.
How will EZ365 Solve it?
EZ365 has recognized the aforementioned hurdles, and has set out to develop a cryptocurrency platform that addresses various hurdles on the way to total inclusion.
Their approach has been to develop a trio of services in the form of gaming, trading, and education.
This service is essentially an online casino, which allows for users to bet on traditional games and sporting events, through the use of stablecoins.
Users will be able to gain access to eligible stable coins through the company’s integrated cryptocurrency exchange.
Underpinning and facilitating the EZ Win service will be the EZ Exchange. Above all, this exchange will provide platform users with payment gateways, and the ability to actively trade a variety of cryptocurrencies (which can be used within the EZ Win platform).
While this service is key to EZ Win, users do not need to take part in gaming to make use of it. It functions as a standalone service, catering to expert and novice users, alike.
For those interested in the world of blockchain and cryptocurrencies, education is key. For the average-joe, there is a plethora of terminology and services which needs to be understood. While there are many striving to simplify their platforms, eliminating the need to be educated on the subject matter, knowledge is power.
To address this, EZ365 will be rounding out their trio of services with the EZ Academy. This is a subset of their larger platform which is geared towards providing its users with the necessary knowledge to understand and be successful within the industry.
*EZ365 notes that all of their services will be secured through the use of various measures including the following.
- Server Redundancy
- Hacker Testing
- Fault Tolerance
Utility to Security
What makes this platform intriguing to us at securities.io is the company’s intent to convert utility tokens, issued through their upcoming IEO, to security tokens. They have indicated that in Q1 of 2020, token holders will have the option to do so, providing a different set of benefits.
We reached out to EZ365 for comment on how this transition will take place. CEO, Russell Korus provided the following insights.
Q: Can you elaborate on the structuring, and benefits to converting the EZZ365 utility token to a digital security?
A: “Our intention is to provide token holders the opportunity to convert their EZ365 utility tokens into fully compliant security tokens, by working with jurisdictions that provide an operating regulatory framework. This conversion to a security token instrument will confer significant benefits to token holders, including equity, profit-sharing, full disclosure and transparency. This allows EZ365 to comply with securities regulation, while offering clients enhanced levels of digital security and consumer protection.”
The individuals behind this company bring a wide array of experience to the table. This experience ranges from venture capitalism, law, IT, publishing, and more. Ideally, this diverse grouping of experiences will, hopefully, allow them to develop EZ365 into the platform which they have envisioned. The following are those at the helm of EZ365.
EZ365 CEO, Russell Korus, took the time to comment on the platform announcement. The following is what he has to say on the matter.
“The real magic of EZ365 is the approach we are taking to unleash the vast potential of the blockchain iGaming industry and the cryptocurrency world. We are doing this by bringing together a digital asset exchange and cryptocurrency casino that share the same exceptional user experience and support, along with fiat and credit card integration…By eliminating the challenges typical of cryptocurrency exchanges in use today — such as complexity, poor user experience, and lack of customer support — we will break down the barriers to mass adoption.”
To facilitate the continued development of the platform, EZ365 is hosting an upcoming Initial Exchange Offering (IEO).
Beyond raising capital, EZ365 is in the midst of attaining ISO-27001 certification. This will ensure that standards surrounding asset security are up-to-par, and maintained.
These steps, in conjunction with various service rollouts, mean that EZ365 will be working non-stop in the coming years.