What is Unizen (ZCX)? Explore Its Features and Price Trends
Unizen is pioneering a new era for decentralized trading, focusing on superior efficiency and maximum cost savings. Through the integration of breakthrough technologies like ULDM and UIP, Unizen provides liquidity optimization, reduced slippage, and easy token swaps across multiple blockchains.
This article will help you explore how Unizen redefines the decentralized trading experience, from smooth cross-chain connectivity to the outstanding advantages that this platform offers—opening doors to the potential world of cryptocurrency for you.
What is Unizen (ZCX)?
Unizen (ZCX) is an advanced DEX aggregator platform, offering developers, traders, and businesses the ability to perform superior token swaps. Integrating breakthrough technologies like the Unizen Liquidity Distribution Mechanism (ULDM) and the Unizen Interoperability Protocol (UIP), Unizen supports decentralized cross-chain swapping with optimized costs across multiple blockchains, providing a more diverse and efficient trading experience.
How does Unizen work?
Unizen operates based on two main mechanisms:
1. Unizen Liquidity Distribution Mechanism (ULDM)
ULDM is Unizen's liquidity distribution system, which optimizes decentralized trades and minimizes slippage.
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Smart Liquidity Routing:
This mechanism scans multiple DEXs to find the best liquidity source for trades, ensuring the user gets the best price. -
Trade Splitting Algorithm:
This algorithm divides large trade orders into smaller parts and executes them in parallel across multiple DEXs, reducing price impact and slippage. -
Private Market Maker (PMM):
Unizen integrates PMM into ULDM, providing deeper liquidity for popular trading pairs like ETH/USDT, optimizing the user’s trading experience.
2. Unizen Interoperability Protocol (UIP)
UIP is a protocol that facilitates asset movement across blockchains in a seamless, transparent, and cost-effective manner.
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UIP Core: The core of the protocol, responsible for resource allocation and selecting the optimal interoperability service provider, ensuring the lowest costs and fastest transaction speeds.
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UIP Registry: A decentralized database that stores information about service providers and their supported asset lists, making it easy for users to conduct cross-blockchain transactions.
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UIP Client: Software that communicates with UIP Core and UIP Registry, allowing users to perform actions like cross-chain bridging, atomic swaps, and token wrapping without the need for manual asset conversion.
UIP supports multiple assets across different blockchains by integrating with third-party services like cBridge, Axelar, Stargate, ThorChain, and LayerZero. This protocol optimizes transaction costs and ensures security, delivering an efficient and cost-saving trading experience.
What are the advantages of Unizen as exchanges?
Some standout advantages of Unizen include:
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Optimized Trading:
Unizen’s ULDM mechanism minimizes slippage, optimizes liquidity, and maximizes token output per transaction. -
Smooth Cross-Chain Compatibility:
With the UIP protocol, Unizen enables seamless asset exchange across different blockchains, integrating with 10 interoperability providers to ensure the best transaction route. -
Instant Access to Digital Assets:
Unizen provides real-time decentralized liquidity across all supported blockchains, allowing users to access assets instantly. -
Enterprise-Grade Intelligence:
Unizen integrates an information portal that allows businesses advanced analytics through an API, trading volume management, and strict control over limits and API settings, helping to optimize trading strategies.
What is the price of Unizen (ZCX)?
Analysis of Unizen’s Liquidity Distribution Mechanism (ULDM) reveals superior capabilities compared to leading DEX aggregators like 1inch and Paraswap through 37 random trades across 7 blockchains. Trades were conducted with an input amount of $10,000 per trade to assess Unizen’s cost-efficiency and savings compared to competitors.
Key Results:
In many cases, Unizen returned higher rates than other platforms, for example:
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BNB Chain with STMX/BUSD pair:
Unizen returned 679,820,252 BUSD, significantly higher than Paraswap and 1inch (679,818,798 BUSD and 679,817,858 BUSD). -
Ethereum with USDC/BIT pair:
Unizen and the other two platforms returned nearly identical amounts, indicating minimal disparity for this pair. -
Avalanche with PERI/OQE pair:
Unizen returned 227,708 PERI, with Paraswap and 1inch showing considerably lower figures.
Percentage Difference Compared to Competitors:
Notable differences include:
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Polygon:
Unizen outperformed Paraswap by 82.99% and 1inch by 2.13%. -
Avalanche with SNESHA/BUSD pair:
Unizen outperformed Paraswap and 1inch by 6400% and 32050%, respectively. Some trades showed minor differences, like on Arbitrum, where Unizen only outperformed Paraswap and 1inch by 0.37%.
Unizen’s ULDM mechanism optimizes liquidity, making Unizen stand out in trade efficiency and delivering higher returns compared to Paraswap and 1inch. While each DEX aggregator has unique strengths, Unizen proves to be an attractive choice for efficient and cost-effective trading.
Unizen airdrop: How to earn ZCX tokens?
Currently, you can receive Unizen airdrops through ZenChain—a fully decentralized layer 1 solution on Bitcoin, EVM-compatible and utilizing the Bitcoin network for secure cross-blockchain connections within the Unizen ecosystem. The project is conducting a testnet where users can complete tasks to earn XP points, which may be redeemed for ZCX tokens in the future.
To Participate:
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Step 1: Visit the website, click “Get Access,” and fill out the form to join the testnet.
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Step 2: Click the link, select “Join Now,” and connect your Bitget Wallet.
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Step 3: Complete all available tasks to earn XP.
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Step 4: Invite friends and track your progress on the leaderboard! The project team will soon launch games on Telegram and Discord.
Unizen (ZCX) token: Utility, features, and benefits
ZCX is Unizen’s native utility token, built on Ethereum as an ERC-20 token. Below are key utilities of this token include:
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Hyper-Deflationary:
For each transaction on Unizen Trade or via Unizen SDK, a portion of the transaction value is allocated for token burning.
Specifically, Unizen burns 0.5% of the value from single-chain trades and 1% from cross-chain trades. At a daily transaction volume of $1 million, approximately $5,000 worth of ZCX tokens will be scheduled for burning.
Additionally, Unizen conducts "buy-back-burn" from SDK fees to significantly reduce supply, making ZCX a hyper-deflationary token. -
Staking on Unizen Earn:
Users can stake ZCX on Unizen Earn to receive rewards from new projects provided by ZenX Labs. The more ZCX staked, the greater the rewards. -
Professional Membership:
By spending $50 worth of ZCX, users can unlock Pro membership on Unizen, providing professional trading features. This ZCX amount is then burned, contributing to the token’s deflationary mechanism.
Learn More about Unizen Wallet
Unizen (ZCX) price prediction: Future growth and key levels to watch
The price of ZCX has significant growth potential, with analysts predicting a target price of $5.626. This forecast suggests an impressive increase of up to 6,638% from its current price of $0.0835, making ZCX an appealing option for investors.
Key resistance levels for ZCX price growth
For ZCX to reach the predicted target price, it must break through several key resistance levels. The $8.46 mark is critical for the token’s upward momentum. Successfully surpassing this level could propel ZCX to higher price points, driving further growth and market interest.
ZCX technical analysis: Breakout potential above $0.1000
Based on current technical signals, ZCX could experience a breakout if trading volume continues to rise. If the token breaks above the $0.1000 level, it would indicate the start of a strong upward trend, attracting more buyers and pushing prices higher.
Risk factors: support levels and price fluctuations
However, if ZCX fails to hold above the $0.0600 support level, it may experience a decline, potentially revisiting previous lows. Investors should closely monitor these support levels to assess potential risks and avoid losses.
How to trade cryptocurrency via Unizen on Bitget Wallet?
To trade crypto via Unizen on the Bitget wallet, follow these steps:
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Step 1: Download the Bitget Wallet app from the App Store or Google Play. After installation, log in or create a new account if you haven’t already.
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Step 2: On the main screen of the app, select the search bar at the top and enter “Unizen.”
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Step 3: When Unizen appears in the search results, select it to access Unizen’s main interface.
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Step 4: Select your desired trading pair and begin trading. Unizen will automatically calculate the transaction fee, helping you optimize costs.
