What is Unizen?

Introduction

Unizen is a unique platform that combines the greatest features of both centralized and decentralized trade ecosystems. Designed as a “Smart Exchange Ecosystem,” it attempts to simplify the trading process while keeping the high level of security and efficiency associated with decentralized exchanges. Unizen offers users an all-in-one solution for trading across several blockchain ecosystems, eliminating the need to interact with multiple interfaces or trading systems.

Unizen combines multiple trading and financial services into a single platform. This integration supports multi-chain interoperability, allowing users to make cross-chain swaps and access various crypto assets across many blockchains. Unizen aims to provide a user-friendly trading experience for new and seasoned crypto traders.

Unizen optimizes transactions and increases user engagement with its revolutionary design, incorporating modern technology such as artificial intelligence and a unique liquidity distribution method. This makes it more than just a trading platform but also a comprehensive ecosystem for managing crypto assets, engaging with web3 applications, and participating in the DeFi environment.

What is Unizen?

Unizen is a dynamic platform that combines the user-friendly aspects of centralized exchanges (CEXs) with the functionality of decentralized exchanges (DEXs). It is called a “Smart Exchange Ecosystem” because it makes it easier for different blockchain networks and trading services to integrate into a single, unified setting seamlessly.

The primary feature of Unizen is its capacity to function in various blockchain environments, such as Ethereum, Polygon, Binance Smart Chain, Arbitrum, Optimism, Avalanche, Bitcoin, Fantom, and Base. A specially designed DEX aggregator allows cross-chain capability, guaranteeing safe and effective user interaction with various digital assets across these platforms.

The platform offers an environment similar to an operating system where different apps and resources may be accessible, making it easier for users to interact with Web3 technologies. This solution avoids the complications frequently connected to third-party bridges and exchanges with restricted liquidity, enabling instantaneous and risk-free contact with Web3 technologies.

Additionally, Unizen strongly emphasizes empowering users through its integrated services, which include its interoperability protocol and liquidity distribution mechanism. These features allow various financial and trading activities to be supported without requiring users to negotiate numerous incompatible platforms. By streamlining trade execution across the supported blockchains, this method seeks to provide the best possible trading circumstances in addition to streamlining the trading process.

The roadmap of Unizen talks about the progress it has achieved so far. In Phase 1, it launched the initial version of Trade Aggregator for DEX aggregation, expanded cross-chain liquidity pools, introduced trade history tracking, time series data collection, implemented a ZCX-burning mechanism, optimized Unizen Earn, and introduced Unizen Bridge. Then Phase 2 introduced the Unizen Distributed Liquidity Mechanism, fiat on-ramp aggregation, launched a new marketing website, expanded the Unizen Interoperability Protocol, added PRO Trading View, extended NFT support, and included native BTC support.

Phase 3 launched Unizen API and Unizen V2: STRATOSPHERE, integrated UDLM for cross-chain trades, increased network support, and aimed to onboard the first million users through the API. Now, Phase 4 plans to implement trade and transaction bundling, launch a mobile app, expand cross-chain liquidity pools further, and aim for a daily trading volume of over $2 million. Finally, Phase 5 will set the stage for launching Andromeda L1, launching Earn 2.0, and continuing to expand features and user base.

History of Unizen, Origins and Key Persons

Unizen was founded to create a unified platform that bridges the gap between centralized and decentralized financial systems, making cryptocurrency trading accessible and efficient across numerous blockchain ecosystems. The platform is the result of intensive collaboration and development efforts by a team of experts in blockchain engineering, strategic advising, and direct investment in the cryptocurrency field.

Sean Noga, Unizen’s CEO, has played a major role in establishing the company’s strategic direction and operating standards. Under his leadership, Unizen has prioritized under-promising and over-delivering, a methodology that has helped the platform establish a reputation for dependability and innovation in the Web3 market.

The team has also benefited from the inclusion of experienced professionals such as Simon Berglund and Padgett Ong. These smart hiring, particularly under adverse market conditions, demonstrate Unizen’s dedication to surviving, thriving, and innovating in the crypto sector. Their combined knowledge has made a substantial contribution to the platform’s continued development and expansion, ensuring that Unizen remains at the forefront of the blockchain sector.

This solid basis has enabled Unizen to introduce enhanced versions of its platform, such as Unizen Stratosphere, representing a big milestone in their plan. This version expands the platform’s capabilities, making decentralized finance more accessible and offering customers a smooth trading experience across many blockchains.

How Does Unizen Work?

Unizen is a multifaceted blockchain ecosystem, with its decentralized trading platform, Unizen Trade, at its core. This technology is unique in its capacity to provide decentralized liquidity across several decentralized exchanges (DEXs) and blockchains, allowing users immediate access to any asset from its initial decentralized offering (IDO) on supported chains. Unizen’s functioning revolves around the Unizen Liquidity Distribution Mechanism (ULDM), which combines smart liquidity routing and a transaction-splitting mechanism. These features reduce slippage by detecting the best liquidity choices across multiple DEXs and splitting large orders to improve execution pricing.

Source: Documentation

The Unizen Interoperability Protocol (UIP) also plays an important role in enabling seamless asset transfers across different blockchains. This protocol automates conversion and exchange operations for cross-chain trade, letting users easily manage assets across supported networks without technical knowledge.

Unizen’s entire design and infrastructure are intended to optimize trading efficiency and asset management in a decentralized and trustless environment, allowing users to access a diverse selection of assets and liquidity choices with minimal friction and increased security.

Key Features of Unizen

Unizen distinguishes itself in the DeFi and DEX aggregator area with several novel features aimed at improving the trading experience for both individual and institutional users. Here’s an outline of some of the key features:

Decentralized Liquidity Distribution (ULDM)

The Unizen Trade Engine is a sophisticated decentralized trading platform that allows users to trade digital assets seamlessly across several blockchains and decentralized exchanges (DEXs). It reduces the complications of many protocols and platforms, resulting in a more simplified consumer experience.

The Unizen Distributed Liquidity Mechanism (ULDM) is a key aspect of the Unizen Trade Engine. This approach addresses the common issue of slippage in decentralized trading, in which the execution price of a trade may differ from the expected price due to market volatility and the fragmented liquidity found on DEXs.

ULDM comprises two innovative elements:

Smart Liquidity Routing: This feature intelligently identifies the most favorable liquidity across numerous DEXs, ensuring that trades are executed at optimal prices.

Trade Splitting Algorithm: To further minimize slippage, this algorithm divides larger orders into smaller chunks, executed simultaneously across multiple exchanges.

ULDM’s efficiency is regularly improved thanks to continuing research collaborations, especially with the University of Mallorca, making it a critical component for lowering trade costs and increasing customer happiness on the Unizen platform.

Cross-Chain Capability

Unizen’s platform supports multiple blockchains, including Ethereum, Polygon, Binance Smart Chain, Arbitrum, Optimism, Avalanche, Bitcoin, Fantom, and Base. The platform’s wide compatibility allows for smooth interaction with many blockchain settings, increasing its utility as a DEX aggregator.

Real-Time Data and Swift Transactions

The technology offers sub-second data retrieval capabilities, allowing for quick trading decisions, critical for staying competitive in the fast-paced crypto trading industry. This feature ensures that customers may get current information and perform transactions fast, maximizing trading efficiency and possible returns.

Unizen Omni-Chain Data Pool

The Unizen Omni-Chain Data Pool is a comprehensive repository for on-chain data from all supported blockchains in the Unizen ecosystem. This resource is critical for developers and consumers, since it simplifies access to a large array of blockchain data and allows for more seamless cross-chain interactions. Key features of the Data Pool include:

Data Integration: Aggregates data from numerous blockchain sources, normalizing it into a uniform format that is easy to query.

Data Storage: Utilizes a distributed database architecture to ensure scalability and constant availability.

Data Indexing: Employs advanced indexing strategies to accelerate data retrieval, enhancing the efficiency of queries.

Data Retrieval: A user-friendly API supports various data search and retrieval methods, catering to different user needs.

This data pool not only reduces the dependence on external block explorers but also streamlines user interactions with various blockchains, offering a seamless and integrated experience within the Unizen platform.

Interoperability and Integration

The Unizen Interoperability Protocol (UIP) is a cutting-edge, trustless mechanism that enables the seamless transfer of digital assets between several blockchains. It uses a careful process of interoperability aggregation to optimize each operation for cost, speed, transparency, and security.

UIP is structured in three layers:

UIP Core: Manages the protocol’s resources and oversees the allocation of interoperability services.

UIP Registry: Acts as a decentralized database that maintains comprehensive details about the capabilities of various interoperability providers, including supported assets and associated fees.

UIP Client: Interfaces with the UIP Core and UIP Registry to execute cross-chain operations using advanced methods like bridging and atomic swaps.

By integrating several third-party interoperability providers such as cBridge, Axelar, Stargate, ThorChain, and LayerZero, UIP ensures that customers can access the most efficient and safe transfer methods. Its built-in redundancy ensures continuous service even if one provider goes down, increasing the protocol’s dependability and user trust.

User-Centric Design

Unizen highly emphasizes user experience, with a simple UI that even inexperienced users can understand. This design concept extends to their comprehensive customer support and educational tools, which assist consumers in navigating the complexity of DeFi and bitcoin trading.

The Unizen Platform

In the Unizen platform, users can access various tools and features across different sections such as Dashboard, Trade, Explore, and Earn, each designed to enhance the Web3 experience.

Unizen Dashboard: The Unizen Dashboard offers a comprehensive view of a user’s assets, trades, and transaction history across all supported blockchains. It aggregates data through the Unizen Omni-Chain Data Pool, providing detailed graphs and charts for a complete overview of one’s Web3 ecosystem, including NFTs, DeFi assets, and more. This allows users to manage their cross-chain portfolio efficiently from one location​.

Unizen Trade: Unizen Trade is a decentralized trading platform that accesses liquidity from hundreds of DEXs across multiple blockchains. It features the Unizen Liquidity Distribution Mechanism (ULDM) and the Unizen Interoperability Protocol (UIP), which work together to minimize slippage and ensure optimal trade execution across different liquidity pools and blockchains. This platform supports direct fiat-to-crypto conversions and ensures that all trading is non-custodial, giving users full control over their assets​.

Unizen Explore: Unizen Explore acts as an omni-chain block explorer, allowing users to search and analyze on-chain data across multiple blockchains without needing external tools. It provides functionalities to track cross-chain trades, bridge operations, and other on-chain activities, making it a valuable tool for users interacting with decentralized applications through Unizen​.

Unizen Earn: Unizen Earn offers a staking application where users can stake their ZCX tokens and earn rewards in various cryptocurrencies. This feature emphasizes flexibility and profitability, with competitive APR rates and no lock-up periods for staked assets. It also exposes users to new and emerging projects, adding value through potential growth opportunities.

Tokenomics

Source: Unizen Website

Unizen’s tokenomics fosters a sustainable and growth-oriented environment focused on its native token, ZCX. Unizen’s tokenomics are based on a limited supply, a deflationary mechanism, and several utility features that encourage demand and value retention. Here’s a breakdown of the elements:

The total supply of ZCX tokens is capped, which helps maintain scarcity and potentially increases the value of the tokens as demand grows. This capped supply is crucial in preventing inflation and preserving the token’s value over time. Unizen employs a robust deflationary mechanism whereby a percentage of ZCX tokens used in transactions are burned.

This contains a particular burn rate for single-chain and cross-chain trades of 0.5% and 1%, respectively. This burning reduces the total token supply, potentially boosting ZCX’s scarcity and value over time. In addition, a portion of the ecosystem reserve funds have been assigned to a burn reserve contract to fuel these mechanisms, enhancing ZCX’s hyper-deflationary nature.

Source: Unizen Website

ZCX tokens are used in the Unizen ecosystem for a variety of applications. ZCX allows users to pay transaction fees, participate in staking programs, and make governance decisions. The usefulness extends throughout the platform’s many functionalities, improving its intrinsic worth and usability. Token holders are incentivized to stake their ZCX tokens using the Unizen Earn platform, which provides prizes and yields on staked assets. This not only serves to secure the network, but it also offers token holders a passive revenue stream, promoting long-term ownership and investment.

ZCX token holders can participate in governance choices that influence the Unizen platform’s direction and policies. This feature strengthens the community by aligning users’ interests with the ecosystem’s growth. These tokenomics are designed to promote a long-term economic model that balances development and stability, ensuring that the Unizen ecosystem remains strong and responsive to its users’ requirements while cultivating a healthy market for its tokens.

Is Unizen a Good Investment?

Unizen stands out as an appealing investment in the decentralized finance (DeFi) sector because of its novel approach to combining the functionality of decentralized exchanges (DEXs) with the advantages of centralized platforms. Here are several aspects that underpin its investing potential.

Innovative Trading Solutions: Unizen’s ULDM Algorithm efficiently splits trades across numerous DEXs, ensuring optimal execution with minimal slippage. This feature differentiates Unizen from competitors by providing a more frictionless and cost-effective trading experience.

Strong Market Position: Compared to top DEX aggregators such as 1inch, Paraswap, and Matcha, Unizen claims to provide unrivaled returns on decentralized trades. This bold claim emphasizes the company’s dominant position in the industry and its dedication to offering exceptional value to its customers.

Enhanced User Engagement: Introducing new features and updates, such as Unizen STRATOSPHERE, demonstrates the platform’s continuous innovation and development. These developments not only improve the platform’s capabilities but also can attract a larger user base, boosting engagement and network value.

Community and Ecosystem Development: Unizen invests substantially in community-driven projects, which are critical for growth in the cryptocurrency field. The platform’s capacity to develop a strong community and promote ecosystem projects via ZenX Labs contributes to its legitimacy and long-term viability.

Future Growth Potential: Unizen is well-positioned to benefit from the increased interest in DeFi and cross-chain technology, thanks to strong partnerships and ongoing platform developments. The predicted increase in DeFi trading liquidity and shorter transaction query times are positive indicators of the company’s future growth and profitability.

How Can You Own Unizen?

Owning Unizen tokens, specifically the ZCX token, requires numerous accessible methods that cater to varying levels of investor engagement. Here’s how to start owning ZCX:

ZCX can be traded on multiple cryptocurrency exchanges, including Gate.io. Interested purchasers should check the token’s availability on major exchanges where ZCX is traded. To ensure smooth transactions, the exchange must support the specific blockchain network ZCX uses.

Unizen provides a staking program through its “Unizen Earn” platform. Users can receive prizes by staking their ZCX tokens. The platform is designed to be user-friendly, with no lock-up periods, allowing tokens to be withdrawn at any moment without penalty. This not only allows you to possess ZCX but also to earn passive income through staking incentives.

Unizen periodically offers campaigns or community events that may include ZCX as a reward or incentive. Engaging with the Unizen community on social media and attending these events can be another way to obtain ZCX tokens. For people who are more actively participating in DeFi operations, giving liquidity to ZCX-based pools can be another avenue to increase their holdings. Liquidity providers frequently benefit from transaction fees or other liquidity provider incentives.

Each of these approaches offers a varying level of participation in the Unizen ecosystem, allowing users ranging from casual investors to active participants to choose an appropriate manner to acquire and benefit from ZCX tokens.

News About Unizen

Unizen Reimbursed Losses Up to $750,000

The DeFi protocol Unizen recently experienced a security breach, resulting in a loss of approximately $2.1 million in user funds. Following the hack, Unizen acted swiftly to reassure and compensate affected users, promising immediate reimbursement for losses up to $750,000. They have initiated the refund process and are handling larger claims on a case-by-case basis. Unizen’s response includes collaborating with law enforcement and forensic experts to trace the hacker and offering a bounty to return the stolen funds. Further, the protocol is enhancing its security measures to prevent future incidents.

Unizen’s partnership with Coinstore

Coinstore has partnered with Unizen to expand its asset offerings significantly. This collaboration, powered by the Unizen SDK, enables Coinstore’s over 3.6 million users to access over 20,000 assets across nine networks directly from their mobile app. This integration enhances Coinstore’s capabilities in the DeFi market, further bolstering its position in the industry by leveraging Unizen’s advanced DEX aggregation technologies. The partnership also promises to significantly increase trade volumes and implement hyper-deflationary tokenomics for $ZCX, potentially reducing its supply significantly every six months.

Take Action

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• ZCX/USDT