Zippie Coin Guide (Formerly Zipper)

/Zippie Coin Guide (Formerly Zipper)

Zippie Coin Guide (Formerly Zipper) 2018-06-14T14:38:57+00:00
Zippie Coin Guide (Formerly Zipper)

Update: Zipper changed its name to Zippie

Zippie Coin Review: Making the blockchain mobile

Quick inner navigation:

  1. What is Zippie?
  2. Zippie coin main features
  3. Zippie Initial Coin Offering (ICO)
  4. A web-based Zippie coin solution
  5. How to buy Zippie?
  6. Setting up a ZIPPIE wallet
  7. Choose a ZIPPIE exchange

Zippie platform seeks to make access to blockchain-based dApps seamless and user-controlled by making the handling of our cryptographic identities and private keys easy. Zippie operates on the understanding that the blockchain platforms like Ethereum offer decentralized applications that are technically complex for the guy on the street. As such, the ability to transition towards mass adoption is greatly hindered. The project turns user’s phones into hardware wallets, that safely and easily manage user’s identity and private keys. Rather than complex interfaces such as paper wallets where users store their private keys, Zippie lets us confirm crypto-based transaction smoothly and securely via our mobile phones.

What is Zippie?

The Zippie coin is an Ethereum-based mobile platform that aims to bring the decentralized crypto world to our mobile phones. The Zippie platform will encompass a combination of blockchain applications, mobile-friendly protocols, and cryptocurrencies. The difference between Zippie and the current mobile OS apps is that, with Zippie, the user is fully in control of everything including how to manage their identity, transactional processes, and data storage.

The Zippie team is led by Antti Saarnio the founder of Zippie coin, Carsten Munk the CTO & Co-founder and Pasi Rusila the COO & Co-founder.

Zippie is designed to simplify blockchain-based operations for smartphone users. This idea is borrowed from the Sharmir`s Secret Sharing; whereby, you turn your smartphone into a blockchain powerhouse. Your smartphone serves as a wallet where you can confirm different blockchain based transactions easily. Every transaction that you make reflects on Zippie and you can access it by simply logging to your phone. The company aims at safeguarding and enhancing the use of cryptocurrencies and dapps for daily smartphone users.

Zippie Coin partnerships

Zippie team members work with Jolla and Nokia. During the pre-sale, there were 554 contributors involved who came from 53 countries around the globe. Carsten Munk developed open source software called Libhybris, which is used by other companies such as Jolla, Ubuntu, and WebOS. Matthew Graham has been building Zippie’s network in China for a while now with his team at Sino Global Capital. Earlier on, the team had already partnered with Nebulas; a decentralized search engine and framework project

Zippie coin main features

  • Simple wallet design

The Zippie product turns your Smartphone into a simple, secure hardware wallet. The developers achieve this through Shamir’s Secret Sharing code that helps to decentralize storage of your wallet’s private key. It includes a feature that turns a user’s wallet into a personal multi-sig “vault”. The user can then access their funds using a combination of various verification methods like pin code, fingerprint, voice and facial recognition.

  • Zippie doesn’t work with the phone’s OS

Although Zippie is accessible to most Android devices and Sailfish OS tablets, the Zippie team realized that allowing integration of the Zippie layer and the phone’s OS would not be ideal due to data storage and utilization issues. Therefore, Zippie works independently of the phone’s OS which means the phone cant access data on the Zippie layer unless the user allows it.

  • The ZIPT token reward system

This perhaps makes Zippie even more attractive to users than the other features. Users of Zippie will be rewarded with ZIPT tokens when they use apps and dApps on the Zippie platform. You can then utilize the tokens to complete in-app purchases, exchange them for other cryptocurrencies or make peer-to-peer lending.

Is Zippie really necessary?

With the upcoming Zippie platform, everyone including old grandpas can use cryptocurrencies very effectively since the requirements are greatly simplified. Other blockchains such as Ethereum have decentralized new markets. However, the blockchains have failed to make the users experience smooth running on their devices. This is especially evident when it comes to handling one`s private keys. The masses are then hindered from adopting blockchain services and that’s where Zippie comes in.

What are the problems Zippie aims to solve?

Using Zippie, smartphone users will be in control, managing data fully and effectively. The platform is powered by Zippie coin (ZIPT).

  • The company`s short-term objective is to solve the problems faced by most cryptocurrency users. With Zippie, one`s private key and identity management are safeguarded and the user gets easy time with them.
  • Zippie has a long-term goal of becoming the leader when it comes to decentralized apps in the world.
  • Zippie aims at ensuring that smartphone users maintain the control of their data in their hands; connoting that blockchain technology and use of cryptocurrency has brought a new world revolution where power remains in the hands of the masses.

A web-based Zippie coin solution

While developing this web-based platform, Zippie’s key aim is to make the system be able to scale easily. The main reason is to have mobile device manufacturers, service providers, and the ordinary users begin utilizing as well as distributing Zippie.

The Zippie team has been running trials towards developing a fully web-based Zippie system compatible with the existing web browsers. This development will allow all users’ access to Zippie anytime, eliminating the need to install programs or Plugins. It is hoped that having a fully functional and compatible browser will allow device manufacturers be able to develop and offer Zippie out of the box.

Zippie Initial Coin Offering (ICO)

The Zippie ICO initiative aimed at raising funds to see this ambition (of turning everyday Smartphones into blockchain devices) delivered to the public in an everyday device that everyone can operate.

The ICO pre-sale ended on 3rd Jan 2018, day earlier than planned because the hard cap had been achieved. During the token sale, a total of 554 contributors participated, representing 53 countries.

No crowd sale of the ZIPT token

As they prepare to launch the Alpha product of the Zippie platform, users won’t get to participate in a token crowd sale.

The Zippie team decided to launch a community- based program instead of going ahead with the planned crowd sale. This was intended to have all Zippie enthusiasts engaged and focused on the product. The program was undertaken by way of a whitelist of about 5000 users. Whitelisted individuals will be contacted between March and April 2018.

Zippie Mobile Platform

The Zippie Mobile platform will be made available to the public in two phases to make blockchain-based services user-friendly and accessible for everyone.

Phase1: in this phase, Zippie is to be designed as a simple easy-to-use crypto wallet. It will allow anyone with a Smartphone to easily and securely handle their digital identity, crypto coins, and private keys.

Phase2: in this release, Zippie will be revamped to allow users access to various core blockchain services like peer-to-peer financial services, messaging, and data storage. All these are to be tailored to be mobile-friendly and similar to user experiences with OS like iOS and Android.

Zippie prototype

Towards the end of February 2018, the Zippie coin team announced that they had news about a working prototype of their product. The core part of Zippie was built by developers Carsten Munk and Tom Swindell. This is how the prototype works:

  • When you turn on your Sony XperiaX Smartphone that runs on the Android OS, it will launch the Zippie system. This launch will also include the pre-installed Brave browser.
  • Once the Zippie system boots up, you can then create your Zippie identity and wallet by signing up.
  • In the Zippie mobile platform, users can access a variety of user-friendly tools with which they can navigate the ecosystem.

How to buy Zippie?

If you are interested in buying Zippie coin you need to keep in mind that you cannot buy ZIPT with any fiat currency. As of now, in order to buy Zippie, you need to find Zippie exchanges and buy it with other well-known cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH). Once you have a BTC or ETH you can buy Zippie coin easily.

Step 1: Setting up a ZIPPIE wallet

Before proceeding to a ZIPT exchange where you can buy Zippie, you need to get a Zippie wallet. As Zippie is an ERC 20 type of crypto coin, it is supported by a number of ERC 20 wallets. Please note that finding a good ZIPT wallet is the most important stage in the whole process. With that being said, if your Zippie wallet is not secure enough the chances of losing your coins as a result of a hack and a theft are quite high. To give you a better idea, what kind of wallets you can use, here are some cryptocurrency wallets that support Zippie.

MyEtherWallet >>

MyEtherWallet is one of the most common ERC20 compatible wallets. It supports a large number of various tokens, including ZIPT. This wallet is quite common especially amongst the ICOs and the investors that have ERC20 type of tokens. The wallet is very convenient to use especially for advanced users and experts, however, when it comes to the safety MyEtherWallet is not the best. This is so because MEW does not store the coins of the users online.

Ledger Nano S >>

Ledger Nano S is a hardware wallet, which means your coins are safe. It is considered to be one of the most secure wallets available in the market. The coins stored on Ledger Nano S are completely offline, which keeps the funds away from various online malware. Ledger Nano S is quite well known as a wallet that is compatible with ERC 20 tokens, which also supports Zippie. The convenient design, the support of the wide variety of the tokens and the high level of security make Ledger Nano S one of the most reputable wallets.

MetaMask >>

MetaMask wallet is a browser extension which lets accessing distributed applications that are enabled with Ethereum or dApps in browsers. This wallet is known for enabling users to create and have control over their identity so that when a dApp is performing a transaction and is writing on the blockchain the user gets a safe interface for reviewing the transaction. The wallet supports ERC20 coins including Zippie. From the security’s point of view, the wallet is not the safest as it lacks cold storages.

Step 2- Get Some BTC or ETH

As it has already been mentioned you cannot buy Zippie with any fiat currency. Therefore, for purchasing ZIPT coins you need to get BTC or ETH if you do not have some. In this guide, we will distribute the acquisition of BTC on an exchange platform Cex.io.

Cex.io is a well-known exchange platform that supports the purchase of cryptocurrencies with fiat money, with various payment methods. To get started, first of all, you will need to head to the cex.io website. If you do not have an account get registered, download the app “Google Authenticator” on your phone, choose the platform and get an access to the 2FA code. You need to save this code as you will need it every time you log in your platform.

After getting verified and logging in, go to the “Buy” section, insert the amount of crypto that you are interested in buying. Register your card in the system or chose a payment method (Cex.io offers only credit/debit cards, bank transfers, and CryptoCapital) you prefer so that you will be able to deposit the corresponding amount of fiat currency.

Please note that you will come across some fees and make sure you are not exceeding the limits set by the exchange. Once you deposit a certain amount of money on your account you can buy BTC or ETH. Go to the buy section, put in the amount of BTC you want to buy and proceed. Then you can write your wallet address so that you store your cryptocurrency safely there.

Step 3- Choose a ZIPPIE exchange

After getting a safe wallet and after buying BTC or ETH, you are ready to choose a good exchange platform that supports Zippie.

YoBit >>

YoBit is an exchange platform from Russia. It has a user-friendly interface and allows immediate cryptocurrency deposits and withdrawals. The exchange platform offers a wider range of trading pairs. It offers ZIPT/BTC, ZIPT/ETH, ZIPT/DOGE, and ZIPT/WAVES. The trading fee on this platform is 0.2 %. YoBit is not a very reputable cryptocurrency exchange platform amongst the cryptocurrency enthusiasts, however, many people use it due to the wide variety of the cryptocurrencies it allows people to trade.

Coinbene

Coinbene is a cryptocurrency exchange platform from Singapore and is famous especially in the Far East. The trading fee on this exchange platform is 0.1 %. If you have concerns or questions about this exchange platform you can reach out to their customer support center via the support@coineben.com email. Here you can find the ZIPT/ ETH trading pair. The company is working hard on becoming well known enough and on building a good reputation.

Once you choose a ZIPT exchange platform you should deposit you BTC or ETH there and trade it for ZIPT.

Step 4- Storing ZIPPIE safely

After successfully completing all the steps listed above all you need to do is sending your Zippie coins on a wallet that you have acquired in step one. The reason you are not advised to leave your coins on the wallet of the exchange platform that you have bought it from is that the risks of doing so are very high. You may lose your coins due to a hack, which is less likely to happen if you store it on a proper wallet.

In fact, the process of sending you coins to your wallet is not very complicated. You simply need to go to your balance of the exchange where you bought ZIPT and put in the public address of your wallet.

The Conclusion

Zippie is a unique blockchain-based project that could revolutionize the Smartphone industry. It is expected that Zippie will launch in March 2018, with an initial trial phase using early adopters. Thereafter, Zippie will be rolled out to the general public through the release of Zippie’s ready to use out-of-the-box devices. Like we indicated earlier in this article, the Zippie prototype is ready and will be showcased at the upcoming Mobile World Congress to be held in Barcelona.

Thank you for reading our Zippie coin guide! Make sure to check our site for more.

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