ZoomSwap is one of the pioneering cross-chain infrastructure projects designed to bolster liquidity for layer-one blockchains, Automated Market Makers (AMMs), and partnering projects. Launched on IoTeX, ZoomSwap opens up enticing prospects for farmers looking to earn ZOOM and other project tokens. But what sets ZoomSwap apart in the rapidly evolving DeFi landscape? From robust tokenomics to cross-chain functionality, ZoomSwap is crafted to address the interoperability challenges plaguing the decentralized finance ecosystem. Whether you're a seasoned crypto enthusiast or new to the space, understanding ZoomSwap's mission could reshape your perspective on the future of DeFi solutions.
What is ZoomSwap?
ZoomSwap is a cross-chain infrastructure project that builds liquidity for layer-one blockchains, AMMs, and partnering projects. By launching on IoTeX, ZoomSwap provides an exciting opportunity for farmers to earn ZOOM and other project tokens. The project aims to facilitate seamless transactions and interactions between different blockchain networks, addressing the challenge of interoperability in the decentralized finance (DeFi) space.
Key Features of ZoomSwap
- Cross-Chain Functionality: ZoomSwap is designed to operate across multiple blockchain networks, enhancing the interoperability of DeFi solutions.
- Liquidity Provision: The platform builds liquidity for layer-one blockchains and AMMs, making it easier for users to trade and swap tokens.
- Farming Opportunities: Users can earn ZOOM and other project tokens by participating in farming initiatives on the platform.
- Robust Tokenomics: ZoomSwap's tokenomics are designed to ensure the long-term sustainability and growth of the project.
Tokenomics and Distribution Model
The tokenomics and distribution model of the ZoomSwap (ZM) crypto token are as follows:
- Total Token Supply: The total token supply of ZoomSwap is 13,858,046 ZM, which is also the maximum supply cap.
- Circulating Supply: The circulating supply of ZoomSwap is 13,858,046 ZM, which is equivalent to the total token supply.
Utility of the ZoomSwap Token
The ZoomSwap token (ZM) serves as a cross-chain infrastructure project that builds liquidity for layer-one blockchains, AMMs, and partnering projects. It is launching on the IoTeX blockchain and facilitates farming opportunities for users to earn ZOOM and other project tokens. The token aims to provide a robust and efficient framework for liquidity provision within its ecosystem.
In addition to its role in the ZoomSwap ecosystem, the ZoomSwap token also functions within the CoinZoom ecosystem as a utility token, providing various benefits to users. It is an Ethereum ERC20 token with a limited total supply of 600 Million tokens. The token distribution includes 50% for VIP, 30% for rewards, and 20% for team incentives, subject to a 3-year vesting schedule.
Benefits of the ZoomSwap Token
The ZoomSwap token offers several benefits within the CoinZoom ecosystem, including:
- Trading fee discounts of up to 50%
- Earning up to 3% back on all CoinZoom Instant transfers
- VIP enhancements for various levels of CoinZoom Crypto Visa Debit Card customers
- Earning up to 5% back in crypto for all CoinZoom® Crypto Visa Debit card purchases
- Free peer-to-peer crypto and USD transfers of up to $10,000 per day
- Using ZOOM to purchase the CoinZoom Visa Card, pay for withdrawal fees, and access all areas of the CoinZoom ecosystem
Market Data
Coin Statistics
- Current Price: $0.0023
- Market Cap: $0.00
- 24h Price Change: -0.49%
- 7d Price Change: 3.75%
- 30d Price Change: 34.01%
- 24h High: $0.0023
- 24h Low: $0.0023
- All-Time High: $0.0141 (2022-04-10T20:28:00.000Z)
- All-Time Low: $0.0012 (2024-01-06T11:48:00.000Z)
- Circulating Supply: 0.00
- Total Supply: 13,858,046.00
Unique Features and Benefits
Enhanced Security
One of the unique benefits of ZoomSwap is its enhanced security through smart contracts, which eliminates third-party participants and provides security similar to a decentralized exchange. This feature sets it apart from other tokens, as it offers improved security for users when exchanging tokens.
Token Swap Feature
ZoomSwap's token swap feature provides an easy way for users to swap their tokens, making it more accessible for crypto holders to trade their digital assets directly rather than converting them to fiat currency before buying or selling.
Lower Fees
ZoomSwap is available for trading on various platforms, including BingX and Binance, where it offers lower fees compared to other exchanges. The token is currently trading at 0.0022 USD, with a 24-hour change of +1.13%.
The Team Behind ZoomSwap
The team behind ZoomSwap is composed of experienced professionals in the blockchain and technology industries. However, specific information about the team members and their qualifications is not provided in the given sources. The project's connection to IoTeX suggests that the team has a strong background in blockchain technology and decentralized finance.
Notable Advisors and Partners
While specific information about notable advisors, partners, or investors involved with the ZoomSwap project is not available, the project's association with IoTeX and its listing on well-known cryptocurrency exchange platforms like Gate.io indicate a level of credibility and trust within the blockchain community.
Conclusion
ZoomSwap is a promising cross-chain infrastructure project that aims to address the interoperability challenges in the DeFi space by building liquidity for layer-one blockchains, AMMs, and partnering projects. With its robust tokenomics, enhanced security features, and unique token swap functionality, ZoomSwap is well-positioned to become a significant player in the decentralized finance ecosystem.
Whether you're a seasoned crypto enthusiast or new to the space, understanding ZoomSwap's mission and the benefits it offers could reshape your perspective on the future of DeFi solutions. As the project continues to develop and expand, it will be exciting to see how ZoomSwap contributes to the growth and adoption of decentralized finance.
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