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ZeroSwap DEX Platform to Transform DeFi Ecosystem

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Its unique features give ZeroSwap an edge over the incumbents and boost its attractiveness to users.

The Decentralised Finance (DeFi) space is growing at an astonishing pace with investors keen to make the most out of this frenzy. The Blockchain developers’ community has played a significant role by providing the necessary tools to accelerate DeFi growth. Decentralised Exchanges (DEX) have been central to this movement by facilitating simple, efficient, and cheap means for participating in the space.

Through DEXes, users are able to provide and access liquidity, invest in token offerings and trade various digital assets. Unfortunately, due to the limitations of the existing DEXes, users are not able to conduct all of these operations on a single platform. Rather, they are forced to juggle between different DEXes to access their preferred service and cryptocurrencies. ZeroSwap intends to put an end to this hassle by providing all these solutions on a single platform.

What is ZeroSwap?

ZeroSwap is a multi-chain protocol for liquidity mining, market making, DeFi Token Offering, and DEX Aggregation. The decentralised platform provides all of these services at zero cost to the users that is enabled by transaction fee mining.

ZeroSwap’s mission is to empower the DeFi ecosystem by creating more robust technology to help others within the space to become efficient, faster and simpler. To achieve this goal, the ZeroSwap team is building their platform on both Ethereum and Binance Smart Chain with development on other protocols set to follow soon. Upon completion, users will be able to make both on-chain and cross-chain trades without paying any fees. Instead, the platform will reward its users with the native ZEE tokens for every transaction and providing liquidity to existing DEXes. To ensure the self-sustainability of these feeless trades, a percentage of the tokens will be burnt for each instance.

ZeroSwap Valuation Analysis

ZeroSwap is a promising project with unique attributes that differentiate it from other decentralised platforms. The analysis of these attributes coupled with peer and DEX ecosystem reviews helps paint a clear picture of the project’s huge potential and shows why it is a highly valued project.

Photo: Zeroswap

ZeroSwap Core features

ZeroSwap is no ordinary DEX but rather a versatile one-stop shop for all DeFi operations. It is a one of its kind platform that grants users access to a wide range of blockchain-based financial products and services from various networks. This is enabled by the following features:

  • Gasless Transactions — All on-chain trades and addition/removal of liquidity will be processed via gas-less transactions, this will happen through transaction fee mining.
  • Zero-Fee — Addition/removal of liquidity and trading on protocol would be at ZERO Cost.
  • Rewards — Users will earn rewards from Liquidity Mining and every time they make an on-chain trade and provide liquidity.
  • DEX Aggregation — the platform aggregates liquidity from all the existing protocols to facilitate the best rates.
  • Governance — A unanimous governance mechanism to govern the ZeroSwap Protocol changes over time.
  • Developer Friendly — ZeroSwap SDK, is easy to build and integrate with existing workflows.

ZeroSwap Utilities

ZeroSwap’s core features support its multiple functionalities and grant users access to a wide range of services. These are available through this set of utilities:

  • Liquidity mining – Users can earn rewards by pooling in liquidity to DEX via ZeroSwap
  • DeFi Token Offering – A unique platform to kickstart DeFi Token Launch with ZERO cost
  • Market Making Suite – ZeroSwap SDK – Ubiquitous Market Making Suite for DeFi, Empowering on-chain trading truly
  • Multi Chain – ZeroSwap will be a Multi-Chain protocol, starting with Ethereum and Binance Smart Chain

Peer Analysis

DEXes are gradually stamping their authority in the crypto ecosystem as their uptake grows with time. As a result, the popularity of entities such as Uniswap, Sushiswap, and Paraswap has risen remarkably over the past few years. ZeroSwap’s entry into the scene couldn’t have come at a better time as users are flocking to these platforms that serve as gateways to the DeFi space. The platform will greatly appeal to such users as it offers over and above what is currently provided by its peers.

For instance, ZeroSwap’s multi-chain functionality will help users leverage earning opportunities available on different blockchains through a single platform. Existing DEXs are built on a specific protocol with users able to interact with only the products and services based on such a network. This unique feature boosts ZeroSwap’s superiority as users can do more as compared to platforms such as Uniswap.

DeFi Ecosystem Review

ZeroSwap entry into the DEX space is perfectly timed with DeFi growing at an explosive rate as more people are entering into the sector. Monthly DEX volume peaked at $12 billion in Aug. 2020, thanks to the ever-increasing demand for DeFi products. The total value locked in DeFi is currently over $10.81 billion according to DefiPulse. This translates to more than 200% Year on Year growth to date and rising. By the end of 2020, this figure could potentially eclipse the 300% growth recorded in 2019.

DEXes have performed remarkably well in comparison to their centralised counterparts. DEXes processed a total volume of $4 billion in 2020 with a year to date returns of 241% for DEX tokens as compared to 44% for CEX tokens. In Aug. 2020 DEXes surpassed CEX daily volume for the first time with UniSwap’s $426 million eclipsing Coinbase $348 million. This trend looks set to continue with UniSwap’s $15.3 billion monthly volume in September surpassing $13.6 billion processed by Coinbase.

These figures are indicators of the surging demand for DeFi as the sector is slowly becoming an ideal alternative to the mainstream financial market. More importantly, the statistics show how DEXes are maturing and positioned to take over the market.

With the sector bearing such positive propositions, the stage is set for ZeroSwap to succeed. Its unique features give ZeroSwap an edge over the incumbents and boost its attractiveness to users. This effective combination positions ZeroSwap to take over the DEX space making it a very attractive investment for 2020.

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Julia Sakovich

Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.



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Chinese Ride-Hailing Firm Didi Targets $60+ Billion Valuation in IPO

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Going by Didi’s updates prospectus, Morgan Stanley Investment Management Inc has shown interest in acquiring a share of up to $750 million in the IPO.

China’s ride-hailing giant Didi Global Inc is expecting that an IPO could value it at over 60 billion. An SEC filing made Thursday shows that the company is going to list its shares on the New York Stock Exchange (NYSE) under the ticker symbol ‘DIDI’.

Didi will offer 288 million American Depository Shares (ADS) or 72 million Class A common stock, valued at $13-$14 each. At the upper end, the company could raise $4.03 billion, making it the biggest US IPO of 2021. It would also be the biggest U.S. share sale done by a Chinese company since 2014.

Moreover, in case of an over-allotment, the company could sell 43.2 million extra shares thereby raising an extra $605M.

Initially, Didi (Xiaoju Kuaizhi Inc.) wanted to list on the Hong Kong Exchanges (HKEX) but turned instead to NYSE. The business sought to mitigate risks for increased regulatory scrutiny in its practices, including using part-time drivers and unlicensed cars.

Already, the State Administration for Market Regulation (SAMR), China’s market regulator, has launched an antitrust probe on Didi. Investigations will determine if Didi has used unfair competitive practices, in addition to transparency in the ride-hailing pricing mechanisms. The probe is the latest, with Alibaba Group (HKG: 9988) and Tencent Holdings Ltd (HKG: 0700) having preceded.

Concerns over more Chinese regulatory crackdown have now cut the company’s IPO valuation by 33%. The drop was also attributed to uncertainty in the company’s growth prospects.

Didi Market Perspective and NYSE IPO

Going by Didi’s updates prospectus, Morgan Stanley Investment Management Inc has shown interest in acquiring a stock of up to $750 million in the IPO. Singapore’s Temasek Holdings Ltd. (SGX: TEKB) would also like to subscribe to $500 million worth of stock. Other giant tech firms in Asia counted as investors are SoftBank Group Corp (TYO: 9984), Alibaba, and Tencent.

Goldman Sachs Group Inc (NYSE: GS), JPMorgan Chase and Co (NYSE: JPM), and Morgan Stanley (NYSE: MS) are the IPO’s lead underwriters. On Thursday, Didi added to this cluster to include Barclays, Citigroup, and BofA Securities, among others.

Founded in 2021, the ride-hailing firm operates in 15 countries internationally, making it one of the top-five private start-ups worldwide. The firm also has over 490 million annual active users globally and it intends to reach 800 million by 2022.

As the company recovered from pandemic-inflicted sales, its Q1 revenue more than doubled year-on-year to reach $6.4 billion. The company also posted a profit for the same period.  Net income was $837 million before shareholder payouts, with a comprehensive net income of $95 million.

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A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies.
Mythology is my mystery!
“You cannot enslave a mind that knows itself. That values itself. That understands itself.”



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Robinhood Delaying Its IPO Plans amid Expansion of Its Crypto Business

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The initial plan of Robinhood was for the IPO to be done in June but the plans stretched to July.

A reliable source has it that In the past, the SEC has been concerned about Robinhood‘s growing business related to cryptocurrencies. While the company may be listed by summer, those plans may as well be achieved later, probably in fall. Robinhood plans to put its house in order and publicize its past financial performances to make way for the public listing. A company’s spokesperson disclosed that a successful Initial Public Offer (IPO) filing was done earlier in the year, March. According to Bloomberg, the initial plan of Robinhood was for the IPO to be done in June but the plans stretched to July.

Robinhood Activities amid Its IPO Plans

Robinhood began trading cryptos two years ago, 2018. Today the company’s portfolio includes Bitcoin, Litecoin, and even meme-based Dogecoin which started as a joke. Besides the mentioned digital coins, clients can get many products on this platform. Robinhood is particularly popular with first time (novice) crypto investors. Robinhood became both popular and controversial during the pandemic and has elected new members to its board. The company is also popular for meme stocks.

The crypto market has been very volatile this year. Bitcoin achieved a high of $64,000 after being backed and endorsed by high-profile investors, notably Elon Musk. However, the rally was short-lived and the prices dipped to as below $30 K in June. Other crypto have been following the same trend increasing uncertainty in the general market.

Sometimes in the near future, Gary Gensler, the current SEC chair, is expected to make momentous rulings on digital assets. Robinhood made the application in a “bad year”. The SEC has been busy, thanks to the many IPOs, particularly for Special Acquisition Companies (SPACs) in their in-tray. These delays have however caused an equity backlog in capital markets. As per Bloomberg’s report, SEC staff has however warned lawyers that this time around, it may take well over a month to review SPAC paperwork. Additionally, they can expect another two to three weeks to get feedback on changes and amendments.

What Ails the Cryptocurrency Market

In the recent past, China has intensified its crackdown on crypto, particularly Bitcoin. Following the Chinese government’s decision to launch a Central Bank Digital Currency (CBDC), the digital Yuan, Bitcoin was no more welcome. In fact, all Bitcoin-focused activities were banned.

Last month, the Chinese government denied rumors suggesting that they wanted to ban Bitcoin mining. However, the same authorities reviewed the same matter, but this time said that they wanted Bitcoin miners out ASAP.

The decision was informed by the thinking that Bitcoin and the digital Yuan would not thrive in a common environment. Government authorities believed that when put in the same ecosystem, Bitcoin would outshine the digital Yuan and possibly hinder its growth.

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Patrick is an accounting & economics graduate, a Cryptocurrency enthusiast, and a Blockchain technology fanatic. When not crafting informative pieces on any of the above subjects, he will be researching on how the Blockchain technology can transform the world, particularly the financial space.



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Chinese Electric Car Maker Xpeng to Raise $2B, to List on Hong Kong Exchange

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The increasing level of tension between authorities in China and the United States is forcing the hands of many US-listed Chinese companies to list on the Hong Kong stock exchange as a way of protecting themselves against both governments.

Per a report from CNBC, Guangzhou-based electric car maker Xpeng is on the verge of raising almost $2 billion via its listing on the Hong Kong stock exchange.

According to the report, Tesla‘s rival had said it would be issuing 85 million Class A ordinary shares at a price of 180 Hong Kong dollars ($23.19) each. It was also revealed that the final offer price will then be set on or before the end of June.

Going by this, it means Xpeng would be able to raise 15.3 billion Hong Kong dollars at the maximum offer price, which roughly translates to $1.97 billion, before related costs, such as underwriting fees are removed.

Interestingly, this affirms a previous report where it was indicated that the electric carmaker could be looking to raise new funds for its operations.

Xpeng’s new listing is quite unusual as it is another primary listing. While companies like Alibaba and JD.com have employed secondary listing tactics, as they have a main listing location such as the United States, and they are also selling their shares on another exchange. The carmaker is not towing the same path.

The CNBC report revealed that Xpeng’s new listing in Hong Kong would lead to a “dual-primary listing. That means it will be subject to the rules and oversight of both US and Hong Kong regulators.”

Another interesting aspect of this new listing is that Xpeng could still make more than the projected $2 billion if demand for its stock is high which would lead to the firm and its underwriters issuing more shares that would inadvertently lead to an increase in what the company would get from its listing.

The proceeds of the listing will be channeled towards the development and expansion of the product, “Xpeng said it would use the proceeds from the Hong Kong listing to expand its products and develop more advanced technologies, as well as marketing and expanded manufacturing.”

In recent times, the electric car market in China is growing as startups like Nio, Li Auto, Tesla and a host of others are competing for a share of the market.

Tensions between US and Beijing Pushing the Need for Xpeng Listing in Hong Kong

The increasing level of tension between authorities in China and the United States is forcing the hands of many US-listed Chinese companies to list on the Hong Kong stock exchange as a way of protecting themselves against both governments.

The Securities and Exchange Commission (SEC) has imposed stricter auditing requirements on foreign companies listed in the country. Failure to comply with this policy by these companies could lead to delisting.

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Oluwapelumi is a believer in the transformative power Bitcoin and Blockchain industry holds. He is interested in sharing knowledge and ideas. When he is not writing, he is looking to meet new people and trying out new things.



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