Sonic Zhang Launches LedgerZ Fund, with a Premiere 25K ETH Investment in Zeexby Company Announcement July 4, 2018
Sonic Zhang Launches LedgerZ Fund, with a Premiere 25K ETH Investment in Zeex
July 4th, 2018, Beijing: In yet another move to improve capital accessibility for blockchain startups, Sonic Zhang, a serial entrepreneur and the co-founder of Valuenet Capital, has announced that he is investing 25k ETH in ZEEX through his new crypto fund, LedgerZ.
According to Guy Melamed, ZEEX CEO and Cofounder, the investment will go a long way in helping the company achieve its goal of turning cryptos into a payment method for everyday goods and services.
This will be possible by making cryptos seemingly and effortlessly convertible into real vouchers and gift cards. ZEEX is a sister company of ZEEK Group, a leading Europe-based marketplace for buying and selling of gift cards.
“Zang has a rich history of choosing strong, long-term values and we’re humbled to say he has done so with us as one of the first strategic investments for LedgerZ”, says Melamed.
The investment, therefore, is a vote of confidence on ZEEX ability to deliver to investors’ expectations.
While this is the first investment from ledgerZ fund, it is not the only one that has received backing from the Beijing-based entrepreneur. In March this year, Zhang through Valuenet Capital entered into a partnership with the Komodo platform to launch the world’s first decentralized ICO.
Other blockchain startups that have received investment from crypto funds associated with Zhang include Power Ledger, Celsius Network, WAX, OmiseGo, and Binance. He is also a co-founder and global director of 20 Nations League of Blockchain (B20), an international NGO focused on bridging blockchain and crypto-currency communities worldwide.
One thing that is common among all these projects is that they are all geared towards making the cryptos accessible to the masses.
“From my involvement in various projects going from energy sector to dapps, exchanges, gaming, and finance solutions, one thing is becoming very clear, there is a lack of infrastructure layer protocols that can support everyday users to interact with the decentralized web in a seamless way,” says Zhang.
The ZEEX project is, therefore, a special one among all his projects given that it is the first to provide a crypto-based solution that addresses the day to day challenges of the ordinary person.
According to Melamed, the positive reception by investors through the crypto fund and also the private sale has encouraged the company to launch a public pre-sale to give the ordinary person an opportunity to invest.