We started our 2021 with a bang as we got ourselves listed on BitMax, a Singapore-registered digital asset trading platform servicing retail and institutional clients across the globe.
We hope you enjoy reading this as much as we enjoyed answering your questions. Let’s begin!
Segment 1: Introduction
Admin
All right! Everyone, Let’s get started! This is Bonna from BitMax.io team, I will be hosting the AMA and be with everyone here today, we’re excited to be joined by core ZeroSwap team, Chandrashekar Ramu, Aaysushi Jain, Gaurang Desai.
Everyone, please give our warm welcome! 😃
Aayushi Jain
Hey, Bonna Thanks for inviting us on the AMA. We are really looking forward for listing of $ZEE on Bitmax, I am sure this will open up lots of interesting avenues for our community.
Admin
Could you please introduce the ZeroSwap project, the team, as well as the value proposition associated with this narrative!
Aayushi
So, Zeroswap is a multi-chain compatible decentralized exchange focused on making zero-fee transactions possible. Our end goal is to reduce friction in digital asset conversions. We will provide access to multiple chains under one UI/UX. We are primarily an aggregator, say you can access Ethereum, Binance Smart Chain DEXes from Zeroswap. We are also building a Dex Offering platform, which would provide a fair distribution of tokens.
Segment 2: Question by the Admin
Admin
So overall, a cross-chain dex and liquidity aggregator that supports zero-fee conversion of assets?
Aayushi
Well, I would want to correct you; we are multichain, not cross-chain. Cross-chain DEX will let users trade assets across chains, say Eth-BSC. But we are supporting multi chains, say if you switch tabs to trade on pancake swap and Uniswap, you won’t have to do it on ZeroSwap. Just come to Zeroswap, and trade multichain Dexes under one roof.
Admin
Curious, would you dig a bit more into how you guys are supporting the zero-fee swaps?
Gaurang
We will support Zero Fee swaps by not charging fees from users. It is a feature which we will provide to our users using our token as a utility.
Admin
Thanks for the insight here; so it’s like subsidizing user costs through your token?
Aayushi
Consider a platform that won’t charge users for trading, but we will derive enough value for all other features like token offering to keep providing zero-fee trades.
Admin
Great, since you just mentioned your token $ZEE, would you share a bit more with the community here regarding the significant utilities, economics, etc.?
Aayushi
ZEE would capture the value available on on-chain trading, By solving, significant problems like gas cost and trade fee, which is very high on DEXes currently. Our core utility would be multichain, Zee Dex Offering Platform, Liquidity Mining
Here is the document for our Token Economics
Admin
Cool, I appreciate the detailed elaboration here; additionally, will ZEE involve some staking mechanisms as well?
Gaurang
Staking would primarily be divided into,
- On-chain staking — a) LP Rewards Program, b) Stake $ZEE to earn any other token.
- Pre Staking on CEX — I do not want to reveal the alpha.
Admin
Do you see any competitors, and what do you think is the uniqueness or competitive advantage of ZeroSwap over other DEXs and (or) Aggregators?
Aayushi
Where here is what I would like to put forward if you speak of competition. Concerning our competitive advantage, I believe our edge is that we solve the problem, solve for a user’s pain point, gas cost, rekt, everyone is rekt these days. Trade Fee — well, that is the cherry on top.
For our competitive strength over other DEX and aggregators, we feel there are many DEX Aggregators currently. They all are trying to provide better service than the existing DEX, better rates, improved UI/UX, etc. By far, I do not know an aggregator, which is providing trade on single UI/UX on multichain.
Chandrashekhar: DeFi is termed as WhaleFi in my trade circles. Regular users can never afford so many gas fee. We will end this notion through our protocol.
Segment 3: Question from the Community
Community Member
Who is your typical partner? What is the benefit of cooperation for both?
Gaurang
Zeroswap shook hands with, Covalent, Frontier, Elrond, Diadata, Altonomy. Each of the partnerships lays a solid foundation of our vision, “MultiChain Dex Aggregation.”
Community Member
Why have you chosen Binance SmartChain as the priority blockchain (along with Ethereum) for the ZeroSwap deployment?
Aayushi
We have chosen BSC and Ethereum purely based on a couple of factors — 1. Community interest, 2. Volume 3. Evolving ecosystem 4. Gas cost to make trades on BSC. We will have a product launched in multiple phases, the first utility like ZeeDO. Our dex offering platform would provide distribution of tokens transparently and fairly; we will also launch staking along with this. In the second phase, we will launch the protocol.
Community Member
Can you explain the ways ZERO SWAP generates revenue to fund the project for further development?
Gaurang
Amazon does not generate revenue from all its business, right? We will have utilities from where we will generate revenue, and in return for it, we will keep providing services like zero-fee trading to our users.
Community Member
Could you please provide some info about your Roadmap and how ZeroSwap is progressing so far?
Aayushi
We will have a product launched in multiple phases, the first utility like ZeeDO — It is our dex offering platform, which would provide distribution of tokens, in a transparent and fair manner, we will also launch staking along with this.
In the second phase, we will launch protocol.
So Q1 — Q2 community will see a lot of updates.
Admin
Thank you, Chandrashekhar, Aayushi, Gaurang for attending the AMA and answering our questions. Have a good day.❤️
