$ 0.38
ZigZag is a decentralized lending service that utilizes overcollateralization to mitigate default risk. The platform is powered by two tokens - ZIG and ZAG. While the former is a stablecoin backed by collateralized digital assets with the exchange rate target zone at 1 USD/ZIG. ZigZag primarily targets traders and migrant workers, offering them an instrument for adding leverage to their long positions in digital assets in a transparent way and sending money. The broader use case would be, however, funding daily consumption with the funds borrowed through ZigZag platform. ZigZag is a fully transparent and automotive collateralized asset lending service backed by EOS technology that allows traders to hedge exchange rate risk.The ZigZag service was created specifically to simplify the mechanism of these transfers and reduce their cost. This can be done simply by purchasing the necessary number of ZIG tokens and sending them using a simple native application or any cryptocurrency wallet. The recipient of the ZIG token can easily withdraw it to a bank card or receive cash using partner points (shops, gas stations, etc.). The objective of the project is to make translations_old as transparent as possible. The system runs on the EOSIO blockchain, and cross-border payment is carried out in the ZIG token.