What is ZeroSwap?
ZeroSwap (ZEE) is a multi-chain, zero-fee, on-chain trading platform that is designed to offer liquidity, DeFi, token offerings, mining, and DEX aggregation features to its users. The platform rewards users when they make an on-chain trade with liquidity to current DEXes without charging them any gas fee or trading fee. The ZEE token is the native token of the ZeroSwap platform, which is based on Ethereum (ERC20) and Binance Smart Chain (BEP20) blockchains.
According to the Litepaper, ZeroSwap's primary vision is to provide an independent DeFi product to market-makers and quants by utilizing price inconsistencies throughout stand-alone chains. The platform aims to build a framework for its audience to create DeFi products with the help of their DEX suite. ZeroSwap's primary focus is on solving fragment liquidity issues that arise when market-makers have to go through numerous networks to access liquidity. The platform aims to resolve this problem by settling orders over several networks without moving assets across multiple chains. Moreover, the platform also aims to resolve expensive on-chain fees by providing gas-free transactions, which help bring down transaction fees to zero.
The ZeroSwap platform offers four different elements within its ecosystem: ZENZO Core (Blockchain, Coin, Wallet), ZENZO Arcade (Digital Marketplace), ZENZO Forge (Scalable Mesh Network), and the ZENZO Hatchery (Game Incubator). Each element offers a unique and separate approach to solve specific problems while supporting the other elements.
The ZEE token has multiple uses on the platform. Users who contribute liquidity to the DEXs that ZeroSwap aggregates are rewarded with ZEE tokens. The tokens can be used to enable projects to launch tokens via DEX Token offerings on the platform, which allows ZEE holders to take part in initial offerings. Additionally, the ZEE tokens can be used for exchange transactions.
ZeroSwap was founded in 2020 by Vivek Kumar and Puneet Bagewadi, who serve as the cofounder and CTO of the platform, respectively. Aayushi Jain is a cofounder and the chief of operations at ZeroSwap.
In conclusion, ZeroSwap aims to revolutionize the DeFi space by offering a platform that is accessible, user-friendly, and efficient. Its unique features such as zero trading fees, gas-free transactions, and multi-chain support make it a promising platform for traders and market-makers alike. The ZEE token has multiple uses and offers users various opportunities to earn rewards and take part in initial offerings. With its experienced team and innovative vision, ZeroSwap is set to make significant contributions to the DeFi space.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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