Unizen: Improving Web3 with Cross-Chain Efficiency and Liquidity

CeDeFiAdmin Article

Unizen is an all-in-one Web3 operating system for seamless cross-chain asset management and trading. Learn how it unites centralized and decentralized platforms.

What is Unizen?

Unizen is a powerful operating system designed for Web3 applications. It allows users to effortlessly interact with various Web3 applications and assets across different blockchain networks. By combining the strengths of both centralized (CEX) and decentralized exchanges (DEX), Unizen offers a unified interface that enhances both user experience and security.

Through products like Unizen Trade, Unizen Bridge, and smart contracts, the platform enables seamless cross-chain interactions and liquidity. Unizen Trade aggregates liquidity from both CEXs and DEXs, giving users the best trading conditions available. The Unizen Bridge further simplifies asset transfers between different blockchain networks.

  • Unizen Trade: A hybrid trading platform that aggregates liquidity from various CEXs and DEXs, providing users with optimal trading conditions.
  • Unizen Bridge: A cross-chain bridge that enables users to transfer and swap assets across multiple blockchain networks.
  • Unizen Smart Contracts: Contracts for executing cross-chain trades, providing liquidity, and staking across multiple blockchains, including Ethereum, Polygon, BNB Chain, Avalanche, and others.

The native utility token of the Unizen platform is the ZCX token, which is used for paying service fees, staking incentives, governance, and granting unique membership rights.

How It Works?

Unizen is designed to help users easily interact with different blockchain networks without needing to understand the technical complexities behind them. Here’s a simple breakdown of how it works:

Unizen brings together centralized and decentralized features into one platform, so you can manage your assets, trade, and use Web3 applications all in one place. For example, if you want to trade cryptocurrency, Unizen aggregates liquidity from both centralized exchanges (CEXs) and decentralized exchanges (DEXs), which means you get access to the best prices and faster trading options.

When it comes to moving assets between different blockchains (like Ethereum, Binance Smart Chain, etc.), Unizen’s cross-chain bridge lets you easily swap tokens. This way, you can transfer your assets from one blockchain to another without needing to use multiple platforms.

To make things even better, Unizen uses smart contracts to automate things like staking and cross-chain swaps. So, whether you’re staking tokens for rewards or swapping assets, everything happens smoothly behind the scenes.

How to Use Unizen

With its user-friendly design, Unizen makes navigating the Web3 ecosystem straightforward for both beginners and seasoned users:

  • Cross-Chain Swaps: Use Unizen Bridge to swap assets between different blockchains effortlessly.
  • Staking: Stake ZCX tokens to earn rewards while supporting the platform’s liquidity.
  • Governance Participation: By staking ZCX, users gain voting rights, allowing them to influence decisions regarding platform upgrades and future development.
  • Multi-Chain Wallet Management: With Unizen’s smart contracts, users can easily manage assets across multiple blockchains in one interface.

Technology and Development

  • Integration of Cross-Chain Bridges: Unizen has developed the Unizen Bridge, a cross-chain bridge that allows users to swap and transfer tokens between different blockchain networks, enhancing interoperability and liquidity.
  • Gas Fee Optimization: Unizen optimizes gas fees, reducing transaction costs and making the platform more accessible for users.
  • Support for Multi-Chain Wallets: Unizen wallets support the management of assets across different blockchains, simplifying asset management for users.
  • Continuous Innovation: Unizen is actively developing new Web3 solutions and products, including the integration of Layer 2 solutions and expanding staking options on Ethereum and BNB Chain.

Tokenomics

Unizen’s tokenomics are designed to maintain a balanced ecosystem:

ZCX Token Utility on Unizen

The ZCX token powers the Unizen platform and is an ERC-20 token with several key uses, including hyper-deflationary tokenomics, staking in Unizen Earn, and purchasing Pro memberships.

With each trade, 0.5% of single-chain and 1% of cross-chain trade value is earmarked for token burning, reducing the circulating supply. The platform also employs a buy-back-burn mechanism, using fees from SDK integrations to buy and burn ZCX tokens.

In Unizen Earn, users stake ZCX to earn rewards from projects incubated by ZenX Labs. Additionally, spending $50 worth of ZCX unlocks Pro membership, with the tokens burned after use, further enhancing the deflationary model.

This setup helps maintain the value of ZCX while driving platform functionality.

Founders and Team Members

  • Martin Granström — Chief Technical Officer.
  • Sean Noga — Chief Executive Officer.
  • MK Dunkley — Chief Marketing Officer.
  • Simon Berglund — Head of Business Development.
  • Padgett Ong — Architect / Lead Protocol Engineer.

Integration of CeDeFiAi with Unizen’s API

CeDeFiAi has integrated Unizen’s API to enhance its multi-chain capabilities. This integration provides users with access to Unizen’s multi-chain liquidity, enabling optimized trading across multiple exchanges with the best available execution prices. As a result, CeDeFiAi users can perform faster and more efficient transactions while benefiting from improved liquidity and cost savings.

Latest News

In 2024, Unizen is planning significant updates aimed at expanding platform functionality, enhancing user experience, and strengthening its ecosystem through new blockchain integrations and improved security.

  • Integration of Zora Network: A Layer 2 scaling solution on Ethereum that enhances transaction speed and efficiency.
  • Integration of Unlimit Crypto: A new tool that simplifies the process of purchasing cryptocurrency with fiat, making DeFi more accessible.
  • Launch of Skate Testnet: This integration allows applications to operate across thousands of blockchains with a unified state, opening new possibilities for multi-chain interactions.
  • Integration of ZKFair: Improving the multi-chain experience and strengthening platform security.
  • Integration with Mint Blockchain: This opens new opportunities for Web3 artists and collectors, enhancing interaction with NFTs.

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