The Top Reasons Why 0 Exchange Is Crushing It Among DEXs

The Top Reasons Why 0 Exchange Is Crushing It Among DEXs

SUMMARY KEYWORDS

exchange, crypto, tokens, protocol, blockchains, avalanche, episode, ico, transaction, fee, launched, trading, liquidity, decentralized exchange, coin, include, built, assets, decentralized, fiat currency

00:00

Welcome to the New to Crypto Podcast designed to guide you through the crypto landscape with pinpoint accuracy created for the new and intermediate crypto investor. Join your host Crypto Travels Michael as he takes you through the different facets of getting started and succeeding in your crypto journey. New to crypto podcast brings you new episodes daily Monday through Friday with surprise bonus episodes sometimes on the weekend. Let me ask you, are you new to crypto? Don’t know where to start? Are you more experienced but have questions? Then you’re in the right place. This podcast is designed for you coming at you from the Trading Center and the lifestyle design studio. Here’s your host Crypto Travels Michael.

00:53

Welcome to today’s episode. Today I have an awesome episode to share with you. Before we jump in, I just want to give you an update on the show. We have had listeners in 53 countries around the world chime in and listen to the episodes here on this show. And this show is less than two months old. So I’m excited about the future. I’m excited about everything that I have planned for you guys to share your learning experience in crypto. 

01:26

Some of the new countries include Indonesia, Romania, Kazakhstan, Argentina, Bosnia, Nigeria, Albania, Iceland, Czech Republic, and more. So we welcome you, wherever in the world you’re tuning in. If this is your first episode, or if this is your 25th episode, we welcome you. So without further ado, let’s jump into today’s episode. It’s all about zero exchange, and the amazing things that they have going on. 

02:00

Zero exchange is a fully decentralized exchange, automated liquidity provision on the avalanche blockchain. So zero chains bring super fast transactions. They marketed as sub second block times with near instantaneous transaction confirmation. So they launched zero exchange with a goal to become the first index on avalanche, and they accomplished it. 

02:32

They’re the first cross Chain Bridge implemented on avalanche, since they have launched, they have had over $600 million in volume. And the organic growth has come from the community. Since their launch, they have increased the amount of blockchains in which you can transfer coins, the bridges that they’ve created. 

02:55

So you can basically have a bridge itself known as a Chain Bridge. And it allows cross chain transfers with BTC with ETH, with BNB, avalanche other blockchains for DOT and Polygon with Matic so Zero Exchange currently provides bridges to Avalanche Binance Smart Chain, Polygon, Polkadot and it aims to encourage arbitrage by existing on multiple blockchains and providing maximum volume and fees for liquidity providers. 

03:32

So Zero Exchange offers secure audited smart contracts. They have Developer Tools tailored to the Zero Exchange ecosystem. They have a decentralized global peer to peer order book called Zero Exchange Mesh, and an API that provides easy access to aggregated liquidity sourced from the growing number of exchange networks. 

03:58

The founders were inspired by Uniswap, and then the fork off of Uniswap, which is called SushiSwap. And if you haven’t heard our episode on both of those, the two different episodes definitely listened to those. 

04:12

Zero Exchange brings sub second block times with near instantaneous transaction confirmation and zero trading fees for rapid speed trading experience without gas or transaction costs. 

04:25

So Zero Exchange protocol adapts incentives for network participants by introducing revenue sharing and community driven network effects to the popular AMM model. So with this new protocol decentralized exchanges improved dramatically. 

04:45

In terms of the usability, Ethereum tokens can be exchanged over any decentralized exchange using the protocol. And since the inception of Zero Exchange, decentralized exchanges have built on top of Zero Exchange. Some of these include Nuo, Zerion, DeFi Saver, and Radar Relay to name a few. 

05:12

So Zero Exchange is built on Avalanche, and it delivers the benefits of a sophisticated blockchain. However, it had a main net launch a relatively short time ago. Zero Exchange promotes low transaction and trading fees, and zero front running, which is really good. When you’re trying to buy tokens for a brand new token just launching SOS Zero Exchange is secure and fast. And since it’s built on Avalanche, it boasts lightning speed transaction speeds. 

05:48

Zero Exchange’s community LED and incorporates governance tokens to vote on proposals and distribute rewards. Also, they have yield farming, which is called snow farm. Zero Exchange doesn’t interact with fiat currency, meaning users need their own tokens already in order to use the exchange. 

06:12

So Zero Exchange is a widely used decentralized protocol in the industry. So in 2016, Will Warren and Amir Bandeali co-founded Zero Exchange according to their founders, Zero Exchange is a protocol that facilitates the peer to peer exchange of Ethereum based assets built by Zero Exchange, or 0x. Labs. 

06:39

The protocol serves as an open standard and core D five building block for any developer needing exchange functionality. Launched in 2017, with the mission to create a tokenized world where all value can flow freely. Zero exchange envisions a world where all forms of value are tokenized on public blockchains. This includes fiat currencies, stocks, commodities, bonds, debt instruments, real estate, Video game items, software licenses, digital collectibles, personal tokens and more.

07:18

More about Zero Exchange’s token in a moment. Zero Exchange supports both fungible ERC 20 and non fungible ERC 723 tokens. This means that it’s possible to be used for permissionless trading on a wide range of assets, giving holders a way to buy, sell and exchange basically the vast majority of Ethereum assets through more than a dozen different apps. The Zero Exchange Protocol can be applied to a wide range of use cases, including an eBay style marketplace for digital goods and services. OTC trading desks, exchange functionality for defy protocols, and of course normal swapping of tokens as a decentralized exchange. 

08:11

So on the zero exchange protocol, liquidity takers pay a fee in the form of ZRX tokens. This fee is used to incentivize market maker liquidity. Users also need to pay a protocol fee in the form of ether or eth, which is used to pay for the gas used on any transactions they complete as an open source protocol. So the token that is native to zero exchange is called ZRX. 

08:43

And they did an initial coin offering via Ico in August of 2017. In the crypto world, sometimes they use an ICO whereas in the stock market, you will hear companies that are going public, for the first time issue an IPO. So zero exchanges new coin was issued as an Ico ZRX token, and its maximum coin supply is 1 billion tokens. And a small amount of this is locked up for staking rewards. So I hope this has been beneficial for you and just an overview of what Zero Exchange is. Until next time, make it a great day.

09:29

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