ZeroSwap, the multi-chain compatible decentralized exchange (DEX) aggregator platform, has announced the testnet and mainnet launch of its ZeroSwap DEX platform.
The ZeroSwap DEX platform will make it possible for ZEE stakers to enjoy zero fees on their transactions. Gas fees have become a major cause of concern for participants in the decentralized finance (DeFi) space. Stakers on ZeroSwap, however, need not worry anymore about outrageous gas fees as well as gas shortages. This is because of the proposed launch of the ZeroSwap DEX. The DEX platform is expected to go live on both Binance Smart Chain (BSC) and Ethereum (ETH) chain.
ZeeVerse Swapper’s Paradise
ZeroSwap looks to provide an ideal environment for stakers by bringing together zero fee and gasless transactions, multi-chain access, cross-chain liquidity, etc. According to a tweet, the DEX platform is looking to assist interested passengers joining its ZeeVerse. Most of these passengers are moving to ZeeVerse due to gas shortages and increasing gas prices. Moving to the ZeroSwap multi-chain DEX, also known as a “Swapper’s Paradise,” will provide them with gasless transactions, therefore, resulting in zero gas fees.
1/ 🔁 ZeroSwap DEX Reveal:
🛸 We are ready to uplift the passengers arriving in ZeeVerse due to gas shortages and transit them to Zeroswap Multi-Chain Dex, a "Swapper's Paradise" Zero Gas, thereby empowering them with Gasless transactions. pic.twitter.com/XTRTWybHwI
— ZeroSwap 🔁 (@ZeroSwapLabs) April 20, 2021
ZeroSwap DEX Incentivized Testnet Launch
The ZeroSwap DEX incentivized testnet, as previously stated, would go live on both Ethereum and Binance Smart Chain (BSC). Plans are also in place to integrate more blockchains in the near future.
The incentivized testnet is scheduled to commence on April 30, 2021, and would end on May 14, 2021. Interestingly, everyone is invited to take part in the incentivized testnet. ZEE tokens worth $50,000 will be distributed as rewards to testers on the platform.
The testnet is open to all. However, staking will be the pre-requisite to allow access to ZeeVerse, the ecosystem comprised of ZeroSwap and its suite of products. ZEE token stakers will enjoy access to cross-chain liquidity while earning APY as high as 64%.
Interestingly, the mainnet launch of the multi-chain DEX will be commemorated with an airdrop. Holders and stakers of ZEE tokens will take part in the airdrop. However, on-chain centralized exchanges will not be eligible for the airdrop.
ZeroSwap is a multi-chain DEX aggregator platform looking to bring to life zero-fee transactions. To do this, it will have to provide access to Ethereum, BSC, Polkadot, Elrond, and other DEXes using a single interface.
Its testnet launch will, however, commence with linking together Ethereum and Binance Smart Chain. Other DEX platforms will be added in the near future.
At the time of publication, ZEE token was trading at $1.27, with a market cap of $49,818,019 and a 24-hour trading volume of $9,539,521.
Join us on Telegram to receive free trading signals.
Find out more about the cryptocurrency and blockchain space on the Altcoin Buzz YouTube channel.