And that is a definition of a security. Therefore we believe that the Zeniq Coin is a security that needs authorizations from financial regulators. And since it has no authorization whatsoever, it might be illegal in most countries, including Dubai. In this review we raised several red flags about Zeniq.
What is zeniq coin?
The first thing we have to establish is that the Zeniq Coin is an ERC-20 token in the Ethereum blockchain. This means several things. The most important thing is that the Zeniq Coin does not run in its own blockchain. It is only a token in Ethereum.
What is zeniq hackathon?
Zeniq is organizing Zencon hackathon convention 3-8 June in Mexico for top 200 world programmers who passed preliminary phase. They will compete for prizes developing on Zeniq Blockchain and Zeniq hardware. Zeniq is building a development community. Would a scam project do this?
What is zeniq hub & zeniq pay?
The Zeniq Hub serves as a node in the network and also as your personal hardware wallet to store your tokens. Zeniq Pay is a crypto solution for payments that allegedly will be quick and cheap. What’s in it for you? Zeniq wants you to buy their Zeniq Hub to mint the Zeniq coin which is supposed to rise in value and make you money.
