One ZDR is a unit of digital currency, like ethereum.
ZDR are the native asset of the Zloadr platform.
Native means that ZDR are built into the platform. Asset is how the platform refers to an item of value that is stored on the ledger.
While you can't hold ZDR's physically, they are essential to the Zloadr platform; they contribute to the buying and selling of altcoins and used as a credit balance for services provided on the platform.
In 2018 the Zloadr platform launched in beta mode with 100 million ZDR tokens.
In 2018, with the beta launch of the platform to commence, the name of the native asset ZDR became the primary payment method for the platform 1) and DOCT being the secondary 2) Zloadr.com, is a for profit organization that allows it's users to pay for services and the platforms API access.
Zloadr's platform offers it's users and the ability to participate in coin offerings and the selling of cryptocurrencies on the platform as well as providing anayltics and data related API's to developers for a cost in ZDR tokens. The Zloadr platformâ€™s built-in currency, the ZDR, serves two purposes:
First, ZDR plays as a method of payment for users particpating in services offered by the platform. ZDR tokens are needed for account activication and payments for services such as API usage.
Every account activiation requires a fee of 1000 ZDR which is chargable on activation of a users account. Charging this fee provides liquidity for parties interested in using ZDR as a alternative method of payment and during token sales.
Similarly, the Zloadr platform requires all accounts i.e users and developers to hold a minimum balance of ZDR. This requirement incentivizes users and developers to purchase the currency on exchanges when in need of using a service or solution that Zloadr provides.
Second, ZDR may facilitate multi-currency transactions.
ZDR sometimes facilitate trades between pairs of currencies between which there is not a large direct market, acting as a bridge. This function is possible when there is a liquid market between the ZDR currency and each currency involved.
ZDR is shorthand for Zloadr. Most currencies have 3 to 4 letter codes (USD, EUR, XBRL, BTC) as an international standard.
The technical term for these shorthand codes is ISO 4217.
ZDR supply is limited to 100 million. The number of ZDR created at genesis was 100 million during sealing of the smart contract used to create the token.
The Zloadr platform software is available to the general public for free.
Users will need to have ZDR to pay transaction fees and make accounts on the live Zloadr platform.
Developers will need to have ZDR to pay for API access provided by the Zloadr platform.
There are two special transaction fees chargable:
The base fee (currently 2%) of activation fee is used in transaction fees.
The base reserve (currently 1000 ZDR) is used in minimum account balances.
The fee for a transaction within a users account balance is chargable by the number of transactions a users makes multiplied by the base fee, which is 2%.
Transaction Fee = (# of operations Ã— base fee)
For example, a transaction that allows a user to conduct a currency exchange (operation 1) and remits funds to a fiat account (operation 2) would have a fee of 2% Ã— base fee.
ZDR tokens are available on several exchanges.
Please be aware of the risk associated with all digital currencies and make sure to safeguard your private keys to prevent loss or theft. While ZDR will always have utility value for transactions and accounts in the Zloadr platform, the price of ZDR denominated in fiat currencies may fluctuate and result in a complete loss of value.
Digital currencies are very innovative, but not insured by regulatory bodies.
Please consult the available exchanges for the latest ZDR price.
There is a nominal fee, referred to as a base fee, associated with each operation in a transaction. The sender of the transaction incurs the fee.
The fee functions acts a deterrent: Though nominal, it discourages users with malicious intentions from flooding the platform (otherwise known as a DoS attack).
The base fee is currently set to 2% of any payment figure. The fee may increase for account activation at any given time.
Zloadr profits from the base fee and paid API access. The ledger collects those funds and compensates the platform and contributors.