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Unizen

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Discover Unizen's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Unizen?

Unizen (ZCX) is a hybrid CeDeFi platform that combines the benefits of both centralized and decentralized exchanges. It offers a one-stop solution by integrating functionalities from various CEXs and DEXs, providing users with access to multiple trading products, deep liquidity, and enhanced security. The platform features a trade aggregation algorithm, social sentiment indicators, and dynamic multi-asset staking, making it a comprehensive solution for traders and investors.

How is Unizen used?

Unizen (ZCX) is a hybrid CeDeFi exchange that integrates both centralized and decentralized exchange functionalities. Here are the key ways in which Unizen (ZCX) is used:

  1. Trading: Unizen provides a one-stop solution for traders, allowing them to access multiple trading products from both centralized and decentralized sources. This includes deep liquidity from various DEX platforms on different blockchains, ensuring the lowest possible costs for users.

  2. Staking: The ZCX token is used in the Unizen Earn program, a multi-asset rewards program. Users stake their ZCX on the platform to earn rewards in various projects sourced through ZenX Labs, Unizen’s full-service incubator. The more ZCX staked, the higher the level of rewards.

  3. Pro Membership: Users can acquire Pro membership on the Unizen platform by spending $50 worth of ZCX. This unlocks pro trading features and enhances the user experience.

  1. Profit Return: Token holders and stakers receive a profit return based on the quantity of ZCX tokens they hold and their chosen method of storage. This profit return is generated from positive slippage during trades and is distributed between Unizen and the end-user.

  2. Hyper-Deflationary Mechanism: Unizen has a hyper-deflationary tokenomics design. With every trade executed, a portion of the trade's USD equivalent is set aside for a scheduled token burn. This mechanism helps reduce the circulating supply of ZCX tokens, increasing their value over time.

  3. Access to ZenX Labs: ZCX is used for access and control over ZenX Labs' portfolio, which includes various projects and investment opportunities.

Overall, Unizen (ZCX) provides a comprehensive ecosystem for traders, stakers, and investors, offering a range of benefits and utilities that enhance the user experience.

How do I store Unizen?

To store Unizen (ZCX) tokens, you have two primary options:

  1. Store in Your KuCoin Account:

    • Holding your Unizen (ZCX) in your KuCoin account provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian of your crypto assets, ensuring you do not need to manage your private keys. Make sure to set up a strong password and upgrade your security settings to prevent unauthorized access.
  2. Non-Custodial Wallets:

    • For enhanced security, you can withdraw your Unizen (ZCX) to a non-custodial wallet. This grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. Be cautious when storing your private keys, as losing them may result in the permanent loss of your Unizen (ZCX).

How to buy Unizen?

To buy Unizen (ZCX) tokens, follow these steps:

  1. Choose a Crypto Exchange: Select a reliable exchange that supports Unizen (ZCX) trading, such as MEXC, KuCoin, or gate.io. Each exchange has its own features, fees, and security measures, so research and compare them before making a decision.

  2. Create an Account: Register for a free account on the chosen exchange. You will need to provide personal information, including your name and email address. Some exchanges require KYC (Know Your Customer) verification to increase withdrawal limits and unlock additional features.

  3. Deposit Funds: Deposit funds into your exchange account using methods such as credit cards, bank transfers, or other cryptocurrencies. You may need to purchase a stablecoin like USDT first and then use it to buy ZCX.

  1. Buy Unizen (ZCX): Navigate to the exchange's spot market and select Unizen (ZCX) as the coin you want to acquire. You can use a Market Order or a Limit Order to execute the purchase.

  2. Store Your Unizen: Once you have purchased Unizen, you can store it in the exchange's wallet or transfer it to a personal crypto wallet like Trust Wallet for long-term storage.

  3. Monitor and Trade: Keep track of your Unizen investment and trade it for other cryptocurrencies if needed. You can also stake your Unizen to earn rewards.

Remember to always follow security best practices and be cautious of scams when buying and storing cryptocurrencies.

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History of Unizen

Unizen (ZCX) is a cryptocurrency launched in 2021 and operates on the Ethereum platform. It has a current supply of 948,614,955.91564, with 692,775,993.92564 in circulation.

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How Unizen works

Unizen (ZCX) is a hybrid CeDeFi (Centralized Decentralized Finance) ecosystem that combines the benefits of both centralized and decentralized exchanges. Here's how it works:

Key Components
  1. Unizen Modules: These are the core components of the Unizen ecosystem. They include the Centralized Exchange (CEX) module, which is compatible with Binance-shared liquidity, and additional modules that will be developed and integrated into the platform over time.

  2. Third-Party Modules: These modules are designed to integrate decentralized digital asset marketplaces into the Unizen ecosystem. They are built using a software development kit (SDK) that provides flexible APIs for DeFi developers.

  3. Unizen Custom Logic: This is the technical element that brings the Unizen smart exchange ecosystem together. It includes cross-chain transaction aggregation technology and AI-based social sentiment indicators, which help users make informed investment decisions.

Trading and Liquidity

Unizen's trading aggregator allows users to access deep liquidity from multiple DEX platforms across various blockchains. This ensures that users can execute trades at the best possible prices. The platform also uses Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to ensure safe and reliable operations.

Dynamic Multi-Asset Staking (DMAS)

Unizen's DMAS feature allows users to stake their ZCX tokens to earn rewards in various other token assets. This feature is part of the platform's hybrid CeDeFi architecture, which aims to provide users with a seamless trading experience.

ZCX Token

The ZCX token is the native token of the Unizen ecosystem. It serves several purposes, including:

  • Exchange Governance: ZCX holders can vote on strategic decisions regarding the platform.
  • Reduced Trading Fees: Trading fees are automatically deducted from ZCX in the user's Unizen CEX module's wallet.
  • Access to ZenX Labs Portfolio: Staking ZCX earns users tickets to participate in early rounds of ZenX projects and Unizen-hosted IEOs.
  • Token Burns: ZCX tokens are burned for every paid listing on the platform.
Unizen Trade API

The Unizen Trade API is a superior-grade DEX aggregation and intelligent order routing API. It allows developers to access aggregated omni-chain DEX liquidity, ensuring the best possible execution prices across multiple liquidity sources. The API handles the entire trade process, from requesting quotes to tracking transaction status, making it easy for integrators to execute trades across multiple DEXs.

Benefits

Unizen offers several benefits to users, including:

  • Low Slippage: Unizen's trading aggregator ensures that users can execute trades at the best possible prices, reducing slippage.
  • Deep Liquidity: The platform connects to multiple liquidity pools from various DEX platforms, providing users with deep liquidity.
  • High Security: Unizen's use of KYC and AML procedures ensures a safe and reliable trading environment.
  • Improved User Experience: The platform's hybrid CeDeFi architecture and user-friendly interface make it easy for users to access multiple trading products and exchanges in one place.

Overall, Unizen aims to provide a comprehensive and secure trading experience by combining the benefits of both centralized and decentralized exchanges.

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Unizen's strengths

Unizen (ZCX) has several strengths that make it a unique and valuable platform in the world of decentralized finance (DeFi). Here are some of its key strengths:

  1. Hybrid CeDeFi Ecosystem: Unizen combines the benefits of both centralized and decentralized exchanges, providing users with a secure and reliable trading environment. This hybrid approach allows for low slippage, deep liquidity, and high security.

  2. Dynamic Multi-Asset Staking (DMAS): ZCX holders can stake their tokens to earn a variety of other token assets. This feature allows users to diversify their portfolios and earn rewards through staking.

  3. Cross-Chain Enabled: Unizen is designed to facilitate cross-chain exchange applications, enabling traders to access multiple trading products from both decentralized and centralized sources. This allows for seamless trading across different blockchains.

  1. AI-Powered Social Sentiment Indicators (SSI): Unizen uses LunarCrush's AI algorithms to monitor social media crypto market happenings, providing traders with valuable insights to make informed investment decisions.

  2. Tournament of Altcoins: Unizen's unique tournament format allows users to vote for the best performing crypto assets, with the winner receiving a free listing and support on the Unizen CeDeFi market.

  3. Low Trading Fees: ZCX holders can enjoy reduced trading fees, making it a cost-effective option for traders.

  1. Access to ZenX Labs Portfolio: Staking ZCX earns users tickets to participate in early rounds of ZenX projects and Unizen-hosted IEOs, providing access to new investment opportunities.

  2. Security and Compliance: Unizen employs Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to ensure safe and reliable operations, making it a trusted platform for traders.

These strengths position Unizen as a comprehensive and innovative platform that offers a wide range of benefits to its users.

Unizen's risks

Unizen (ZCX) is a hybrid trading platform that combines both decentralized (DeFi) and centralized (CeFi) properties. Despite its unique features and potential benefits, it is not without risks. Here are some of the risks associated with Unizen (ZCX):

  1. High Network Fees: Unizen, like other cryptocurrency platforms, is plagued by high network fees, which can be a significant drawback for users.

  2. Slippage and Liquidity Concerns: Slippage and liquidity issues are common problems in the cryptocurrency market, and Unizen is no exception. These issues can lead to losses for traders.

  3. Security Risks: As with any digital asset, Unizen is vulnerable to security risks, including phishing and other forms of cyber attacks. The platform uses Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to mitigate these risks, but they are still present.

  1. Risk of Investment: Investing in Unizen (ZCX) carries inherent risks, and investors should weigh these risks against potential rewards before making any decisions. The current risk score indicates that ZCX is a relatively high-risk investment.

  2. Market Volatility: Cryptocurrency markets are known for their volatility, and Unizen (ZCX) is no exception. Market fluctuations can result in significant losses for investors.

  3. Competition: Unizen operates in a highly competitive market, and its success is not guaranteed. The platform must continually innovate and improve to stay ahead of competitors.

  1. Regulatory Risks: As a cryptocurrency platform, Unizen is subject to regulatory risks. Changes in government policies or laws can negatively impact the platform's operations and value.

These risks highlight the importance of careful consideration and thorough research before investing in Unizen (ZCX) or any other cryptocurrency.

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Unizen's ecosystem

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Unizen’s team

Here are the key team members behind Unizen (ZCX):

  • Sean Nogg: Managing Partner at Jun Capital and the leader of Unizen.
  • Brandon Dall: Chief Marketing Officer (CMO).
  • Tom Sweeney: Chief Operating Officer (COO).
  • Martin Granström: Chief Technology Officer (CTO).
  • Eric Su: Founder & CEO of Exnetwork Capital, which operates one of Asia's largest and most successful cryptocurrency OTC trading desks.

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Whalee AI

The fundamental analysis assistant for crypto value investors.

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