The ZeroBridge
Over the last week the 0.Exchange team has had multiple ‘all-hands’ meetings. In these meetings the number one thing discussed was UTILITY. Simply put, why hold the $ZERO token? What utility does it have?
The current utility for the $ZERO token is:
- AMM Fees
- Liquidity Mining Rewards
- Initial DEX Offerings
- ChartEx Premium Tiers (coming soon)
- Initial Farming Offerings (ZERO liquidity pairs that pay out in the partner token)
While this is an adequate amount of utility, adequate is not our goal. We were born out of innovation and will continue to innovate.
Our mission is to become an Omni-Dex — to connect all the chains. What connects all those chains? The ZeroBridge.
Right now, the ZeroBridge is the only bridge connecting Avalanche and Binance Smart Chain, and soon, we’ll be the only bridge to connect the Avalanche and Binance Smart Chain ecosystems to Polygon. The ZeroBridge is the heart of ZERO.
Our first priority will be solidifying the bridge as a rock-solid foundation on which we will grow our ecosystem.
So how do we put focus on the bridge? How do put focus on the ZERO token?
It starts with a three-pronged plan.
- Ensure our bridge is bulletproof. — there is room for improvement. We will be making the bridge more robust than ever before and plan to eliminate ALL stuck transactions.
- Immediately bring new utility to the bridge. We will be increasing the bridging fees to/from ETH. Currently we’ve been using the circular economy to ensure the bridge can run at a minimum loss, but it’s time that ends. Ethereum Gas isn’t cheap and bridging from Ethereum isn’t cheap. Bridging between Avalanche, Binance Smart Chain, and Polygon (soon) is significantly cheaper. We will adjust bridge fees to be a small premium on those chains. Any surplus bridge fees will buyback the ZERO token on the AVAX and BSC chains. As we add more chains, every bridge transaction will buyback zero.
- The team is exploring making ZERO the native gas token for the bridge. What would this look like? This would mean that instead of using ETH, AVAX, BNB, et. al. to pay for the bridge, you would use ZERO.
We take our community feedback very seriously and that is why we are focusing on going back to the basics. Going forward the focus will be the ZeroBridge and the utility and chains that it connects — the IDO’s and IFO’s opportunities it unlocks — and the possibilities it brings.
About 0.Exchange
The 0.Exchange Protocol realigns incentives for network participants by introducing revenue sharing and community driven network effects to the popular AMM model. 0.Exchange prides itself on freezingly low transaction and trading fees, 0 finality, 0 hassle, and 0 frontrunning!
