DeFi Exchanges

Zero Exchange: Instant crypto swaps. Freezingly low fees.

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The start of 2021 has been truly explosive for most native tokens on decentralized exchanges. We have seen strong pumps by UNI, 1INCH Token, SUSHI, DODO and others. For this reason, we will certainly see a lot of new DEXs in the coming months, including the exchange we are reviewing today: Zero Exchange

What is Zero.Exchange?

It’s an exchange built on Avalanche, a blockchain that has been gaining momentum lately and which is ranked in the top 50 with its AVAX token on various crypto data sites (CoinGecko, CoinMarketCap). Zero Exchange has an identical design to Uniswap and CoinGecko, so ease of use is one of its key points. Simply launch the APP at this link and choose which tokens to swap and that’s it.

Zero Exchange aims to solve the problems of gas and huge fees on the Ethereum network, although it will be difficult to bring liquidity to a less used blockchain and attract users who only know how to use Uniswap. However, when users realize that on Zero Exchange there will no longer be those annoying BOTs which can be found on a daily basis on Uniswap, maybe things will improve. As there are no GAS wars on Avalanche (since the gas is zero), BOTs have no incentive and will not clog up this exchange as they already do on Uniswap. Like the other exchanges mentioned above, Zero Exchange has a governance token, called ZERO.

The $ZERO Token

In order to increase liquidity on their exchange, Zero Exchange has launched the ZERO token (tradable on Uniswap for now, but later on their exchange as well). 

ZERO’s MAX Supply is 500,000,000 units. Right now the circulating supply is much lower and inflation will not be overwhelming over the next 4 years (a bit lower than SUSHI and UNI inflation). The token is now trading at around 8 cents, a price that gives it a fully diluted market cap of around $40 million. Obviously, the real market cap, considering only the token in circulation, is much lower at this time. The all-time low reported by CoinGecko is $0.077 while the all-time high at the moment is $0.085. These numbers are sure to grow if people continue to prefer DEXs over CEXs (and we believe that DEXs will have a much higher market share in the years to come). 

Final Thoughts

Although the team behind the project is anonymous, the ZERO token has already passed an audit by Zokyo. This should be enough to inspire confidence. In addition, Zero Exchange is working on compatibility with DOT, a fast-growing project that is helping the entire Polkadot ecosystem.

The launch message, written by Secret Santa (the nickname used by the team in various blog posts) is nice: “We welcome users from UniSwap and SushiSwap to try Zero, be impressed and know there’s a new alternative in town.”!

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