zeroswap
A multi-chain compatible decentralised exchange aggregator protocol focused on making zero-fee transactions possible.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| Total Funding | 000k | ||
ZeroSwap operates as a multi-chain decentralized exchange (DEX) aggregator protocol, established in 2020 by founders Chandrashekar Ramu, Aayushi Jain, and Puneet Bagewadi. The company, with its legal entity Zeroswap Labs Private Limited based in India, aims to simplify on-chain trading by addressing high gas fees and fragmented liquidity. Ramu's background as a web developer and trader, combined with Jain's four years of experience in the crypto space, provided the foundation for the venture.
The core of ZeroSwap's business is to provide a unified interface for users to trade cryptocurrencies across multiple blockchains without incurring gas fees for the transactions themselves. It achieves this by utilizing meta-transactions, where the protocol covers the gas costs, thereby removing a significant friction point for DeFi users. The platform generates revenue through various means within its ecosystem, distinct from direct trading fees. Its client base consists of cryptocurrency traders seeking cost-effective and efficient cross-chain swap solutions. The protocol aggregates liquidity from other DEXes like Uniswap and KyberSwap to offer users optimal trading rates.
ZeroSwap's product suite is extensive, featuring the Gasless ZeroSwapDEX, a staking platform, and an Initial DEX Offering (IDO) platform called ZeeDO. ZeeDO provides a transparent and fair token distribution mechanism for new projects, utilizing a Chainlink VRF-powered randomizer for winner selection. Another key product is a bi-directional bridge for asset transfers between chains such as Ethereum and BNB Chain. For B2B clients, ZeroSwap offers DeFi Wizard, a service that provides DeFi-related solutions, including smart contract audits and tools for tokenomics customization. The native utility token, $ZEE, is central to the ecosystem. Staking $ZEE grants users a specific number of free trades per day and is a prerequisite for participating in IDOs on the ZeeDO platform. The protocol supports several blockchains, including Avalanche, Polygon, and BNB Chain, with plans to integrate others like Ethereum.
Keywords: decentralized exchange aggregator, gasless transactions, multi-chain protocol, cross-chain swaps, DeFi, liquidity aggregation, ZeeDO, IDO platform, $ZEE token, staking, crypto trading, blockchain, meta-transactions, zero-fee trading, DEX, Zeroswap Labs, Chandrashekar Ramu, Aayushi Jain, DeFi Wizard, bi-directional bridge, token distribution, liquidity mining, transaction fee mining, on-chain trading