Zero Carbon Coin Trading Report — IDEX and Uniswap

Derek Myers
3 min readJul 8, 2020

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The ZCC Trading Report provides an update on the ZCC trades that have transacted on IDEX and Uniswap, worth 385 ETH since launching in October 2018.

IDEX trading report

ZCC is listed on the semi-decentralised crypto exchange, IDEX https://idex.market/eth/zcc . The ZCC traded price as at 10am GMT 30-Jun-20 was 0.00062 ETH/ZCC which is equivalent to USD0.1408 using 227.07 ETH/USD price.

The following chart shows the price history of ETH/ZCC since the market was launched at 0.003 ETH/ZCC in October 2018.

ZCC trading history on IDEX

Since the launch in October 2018 206,324 ZCCs have traded, worth 206 ETH. Most purchases have been by Beond on behalf of energy suppliers requiring GBP/ZCC conversion facilities to settle their Zero Carbon Market transaction fees. Most ZCC sales have been from Zero Carbon Project’s liquidity reserve to satisfy this demand from energy suppliers. There have been low volumes of speculative trading activity and consumers selling ZCC rewards.

These are transitionary services are required to support market trading and liquidity and to provide energy suppliers with time to prepare themselves to be able to engage more directly with the Ethereum blockchain and set up their own wallets.

Uniswap trading report

Zero Carbon Project has also listed ZCC on Uniswap, which are displayed and traded at https://uniswap.info/token/0x6737fe98389ffb356f64ebb726aa1a92390d94fb

At 30-Jun-20, ZCC Uniswap exchange rate was 1 ETH = 1562 ZCC ( ~0.00064 ETH/ZCC ). This was based on the Uniswap liquidity pool size 84.5 ETH and 139,205 ZCCs.

Since listing ZCC on Uniswap 177 ETH and 286,031 ZCCs were deposited in the liquidity pool at a price of 0.00062 ETH/ZCC and withdrawals of 96 ETH and 157,293 were removed at a price of 0.00061 ETH/ZCC.

In addition 199,798 ZCCs of swaps were transacted for 83 ETH.

Benefits of Uniswap cryptoexchange

Uniswap’s trading platform and order matching algorithm approach provides protection to energy suppliers against their exposure to ZCC/ETH/USD/GBP exchange rate risk.

The exchange risk arises when an energy supplier pays a transaction fee in GBP or USD, but settles the fee using ZCCs. The issue is what market exchange rates should be used to calculate how many ZCCs need to be purchased. This risk is exacerbated if the ZCC purchase is large enough to push up the price. So the exchange rates cannot be set prior to the market purchase, ideally it will be set based on the actual market purchase.

Uniswap solves this problem. The platform can accept any sized transaction with the exchange rate being the variable. The exchange rate is calculated based on the ZCC and ETH volumes available in the liquidity pool at the time of the transaction. The achieved exchange rate is then transparent and available to calculate the invoice in ZCCs.

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