In the first step towards building a multi-chain compatible decentralised exchange aggregator, which would provide access to chains like Ethereum, Binance Smart Chain and Elrond under one roof. We have created the bridge between ERC20 and BEP20 (Binance Smart Chain), this would expand $ZEE on BSC ecosystem and provide the flexibility for users to access ZEE-BNB pool on PancakeSwap.
Extensive Benefits of the ZeroSwap Binance Smart Chain Bridge:
- Access to rich and growing digital asset ecosystem of BSC.
- Ultra supportive Binance ecosystem that funds and bootstraps many DeFi projects
- A network of significant crypto projects already collaborating with BSC
- Cheap transaction fees that reach as low as 1 cent
- High performance with a network capable of producing a block every 3 seconds
- Cross-chain DEX mechanisms that simplify trading interoperability
- A growing ecosystem of millions of users across Binance.com and Binance DEX
Our thesis and why we think BSC is a significant choice?
When Binance launched its chain, it created a dual chain architecture- where two blockchains ran parallelly with different objectives. The first was Binance Chain (BC), a fast and secure decentralized digital asset exchange based on the highly performant matching engine built on distributed consensus. And the second was Binance Smart Chain(BSC), which empowered its users to create their decentralized apps and digital assets on one blockchain and take advantage of the fast trading experience and cheap transaction speed.
In April 2020, Binance unveiled the Binance Smart Chain (BSC), which enabled creating the smart contract for tokens on the Binance-branded and labelled blockchain. It also introduces an all-new staking mechanism for BNB. With the launch of this parallel chain, Binance now had an Ethereum Virtual Machine-compatible blockchain that would increase the utility of both Binance Chain and BNB.
With a new Proof of Staked Authority (PoSA) consensus mechanism, BSC has allowed Binance to create an ecosystem that offers high performance and ample space for further innovations. And the move is benefitting all the stakeholders, be its validators, token holders, developers, and users. BSC launch coincided with the rise of DeFi, giving DeFi projects a solid playground. Binance now has a solution to offer DeFi projects that can leverage all benefits of the Binance chain and smart contract support, cross-chain interoperability, and many more paramount advantages.
Leading Projects on Binance Smart Chain (BSC)
Some of the leading projects that are available on the Binance Smart Chain today are:
- PanCakeSwap — PancakeSwap is one of the first projects on Binance SmartChain. The protocol is a decentralized exchange (DEX) that runs on top of the BSC. Some of the features that PancakeSwap is currently offering include trading, earning interest on different yield farms, and participating in the PancakeSwap lottery.
- BakerySwap — BakerySwap is also one of the largest and most popular protocols running on top of the Binance Smart Chain. This project works as a decentralized and automated market-making protocol that offers NFT trading solutions to users
- Venus Protocol — Venus is also one of the most extensive protocols running on top of the Binance Smart Chain. Venus works as an algorithmic money market system to bring a decentralized lending and credit system to the Binance Smart Chain.
For our users to access ZEE in BEP20 we would bootstrap liquidity on PanCakeSwap which is a completely decentralised exchange, this would enable users to access ZEE-BNB on it.
Keeping the technology infrastructure in mind and some of the front running projects built on top of the Binance Smart Chain, we believe it builds a plausible case for us to support the bridge. We look forward to enabling a new wave of growth for the ZeroSwap by taking advantage of Binance Smart Chain’s low fees and high capacity.
The access to the bridge would be launched in upcoming days!
Zeroswap is a multi-chain compatible decentralised exchange aggregator focused on making zero-fee transactions possible. We are aiming to make on-chain trading simple and easy, by providing access to multi-chains like ethereum, BSC, Polkadot under one roof. The core product is being designed to function gasless and focusing on aggregating liquidity from multiple protocols
