Zeroswap — A multichain Dex aggregator with Gasless Transactions and Zero Trade Fee; is happy to announce that we have successfully raised $2.2 million funding (6000 Eth), in seed, a private one and private two rounds, backed by strategic investors and angels — AU21, TRGC, GenBlock, Alphabit, M6 and Pranav Sharma (Founder — Woodstock Fund), Lester Lim (X21 Ventures)
The funding will help us build a multichain protocol, with DEX aggregation underline, offering utilities like Dex Token Offering and a market-making suite.
We raised in ETH to bootstrap the gas initially in the protocol for making the transactions gasless.
ZeroSwap Incentivising DEX Users Truly
Decentralised exchanges are proving to be an imperative part of the DeFi adaption, with solving on-chain trading challenges, we are addressing the pressing needs which is ever soaring gas cost, and trade-fee.
Our objective is to incentivise users with ZEE tokens, every time they make an on-chain trade, and provide liquidity to existing AMMs, empowering users in the true sense of contributing to a decentralised network.
What’s next
With the funding coming in, Zeroswap is actively working on building a multichain DEX, In addition to the current Ethereum ecosystem, we are also seeking to nourish Binance Smart Chain by aggregating liquidity from it.
Investor Quotes :
The team at ZeroSwap is tackling fundamental issues with DeFi which are gasless transactions, trade fees, and a full suite of services such as Dex Offerings and Multi Chain Support. They have an ambitious goal but I am confident in them to execute it and I was happy to back them in this journey.”
-GenBlock Capital
High gas fees made microtransactions unsustainable in DeFi space. Almost like driving a highway with potholes. In many ways this broke the back of the DeFi rally. What Zeroswap is doing is creating a freeway by opening up possibilities of swapping both simple and complex DeFi assets at zero fees. And that’s a very valuable proposition.
-Pranav Sharma (Woodstock Fund)
The Defi wave created incredible demand and a rise in many promising projects out to make their mark in this rally. However, this also exposes a fundamental flaw: crazy expensive gas fees making it an unsustainable model. The Zeroswap team is making everything much easier with gasless transactions and trade fees, amidst other ambitious milestones which will make them a force to be reckoned with in the very near future.
- Lester Lim (X21 Ventures)
