First and foremost, ZUGACOIN is a Cryptocurrency. Cryptocurrency is a democratic money. It is the money of the people, for the people and by the people.
No one can control Cryptocurrency. It is decentralized with operational modules which paramount among them is dealing with another user without involving third party. It is purely on trust between 2 people. This is what is called Peer to peer (P2P). Cash withdrawal from the bank which is the third party was not and is not part of the operation of Cryptocurrency.
The difference between ZUGACOIN and other Cryptocurrencies is: It was created to facilitate charity work. There is a community and ZUGACOIN Cryptocurrency is introduced to this community as a means of transaction within the community. As such, you can't control Cryptocurrency but you can control the community that uses the Cryptocurrency. We are not running the community based on the demands of Cryptocurrency but we are using Cryptocurrency based on the demands of the community. That is why the case of ZUGACOIN is different.
Cash withdrawal in Cryptocurrency is when many people put their money together and allow it to grow for a long period of time, when some users agree to release their goods and services in exchange for Cryptocurrency, those ones are called merchants and whatever they are releasing among themselves is called use cases while the money that is available for withdrawal is called liquidity. The CEO of Cryptocurrency doesn't put money for people to withdraw.
Is not that one Bishop will gather money and give people, he will still go and bring items for them to use that money and buy, or he will go and deposit money in Billions in Banks and tell people to go and withdraw to build houses and buy cars so that they can believe in his project. When you fulfilled the requirements for opening a Bank, you don't put money in the same bank for people to come and be withdrawing. It is people's money that bank always use to do businesses with it, get interest and give them part of the interest.
I went extra mile to get where we are now to let you know that we can make it even in Africa without depending on white people.
The level we are now, I have demostrated some degrees of possibilities. But you can't sit back and be waiting for me to fail so that you can laugh. Pointing out faults is no longer a news because I have achieved greatly, I can't be called a failure now when the community refused to take responsibility.
Where do you think the Millions people are withdrawing is coming from? When Investors are watching to see when Samzuga will fail, the people who I have given times 20, 10, 5 and 2 only want to withdraw all to go and buy things or invest in another place, people who supposed to promote the prospect of the project are waiting for a problem to occur so that they can advertise?
The first vehicle manufacturing company I contacted to be our first use case and others will take bearing from there met a very strong resistance, people were happy to spread the news of the denial of the deal which was facilitated by evil men. Even so called denial press release was forged to achieve evil intentions.
Merchants guidelines are going to be released soon, all of us should participate either by registering as a merchant or bringing a merchant to register. This project is our project as Nigerians and Africans, not my project as an Archbishop.
Archbishop Dr Sam Zuga (Jehovah's Field Marshall)
