What is Unizen (ZCX)?

Preface

In the context of the rapid development of the cryptocurrency market, decentralized finance (DeFi) is becoming the new favorite of investors and traders. Unizen (ZCX), as an innovative decentralized social trading platform, aims to provide a seamless trading experience for global trading clients and retail investors by combining centralized exchanges (CEX), decentralized exchanges (DEX), social sentiment indicators based on artificial intelligence, and binary liquidity functions.

Project Introduction

As an advanced CeDeFi trading platform and operating system, Unizen focuses on providing seamless cross-chain asset management and application interaction experiences in the Web3 ecosystem. The platform integrates the security of centralized finance (CeFi) with the freedom of decentralized finance (DeFi), simplifying the complexity of user operations between different blockchains and addressing the technical challenges in multi-chain ecosystems. Users can trade digital assets on major blockchains through Unizen’s unique cross-chain DEX aggregator and achieve efficient and low-cost asset cross-chain transfers through the Unizen Interoperability Protocol (UIP).

Unizen’s core advantage lies in its ability to find the most economical trading path among multiple trading platforms, providing users with the best prices and highest execution efficiency. Its integrated smart trading engine allows users to complete all Web3 transactions and application interactions on a single interface without relying on third-party bridging tools or facing liquidity-constrained exchanges, thus reducing operational complexity.

Unizen introduces an advanced liquidity distribution mechanism (ULDM) to effectively reduce slippage issues in trading. By integrating liquidity provided by private market makers (PMM), Unizen ensures stability and precision for large trades. It is dedicated to simplifying Web3 interactions, reducing transaction costs, improving trading efficiency, and optimizing user experience. Unizen aims to enable global users to easily and securely participate in the Web3 ecosystem.

Team and Financing Background

The Unizen team consists of more than 35 professionals from various fields such as senior management, internal engineering, and strategic consulting. They have rich experience in blockchain software engineering, encrypted strategy consulting services, and direct investment. The team members are distributed in Europe and East Asia, possessing a global perspective and insight into cross-regional markets. The core management team of Unizen consists of the following members:

• Sean Noga serves as Chief Executive Officer (CEO): leading the company’s strategic planning and overall operational management.
• Martin Granström serves as Chief Technology Officer (CTO): responsible for the company’s technical development and innovation work
• Simon Berglund serves as the Business Development Manager: responsible for business development, focusing on market expansion and establishing strategic partnerships.
• Padgett Ong serves as an architect and chief protocol engineer: focusing on optimizing enterprise protocol design and blockchain architecture

In terms of fundraising, Unizen distributed 16% of its tokens through private sales, and these tokens have been fully circulated in the market since September 2022. At the same time, Unizen holds 28.5% of foundation tokens, which will be gradually unlocked according to an 18-month linear release plan to support the continued development of the project.

Project Highlights

Unizen is known for its Cross-Chain Interoperability Protocol (UIP), which provides users with a simple solution for asset cross-chain transfers without relying on complex bridging tools. By integrating multiple cross-chain service providers such as cBridge, Axelar, and LayerZero, Unizen ensures fast, low-cost, and high-security transactions. The redundancy mechanism of UIP can automatically select the optimal service provider to ensure transaction continuity and security.

Unizen’s liquidity distribution mechanism (ULDM) is another innovation that optimizes liquidity usage in decentralized trading through intelligent liquidity routing and customized transaction splitting algorithms. ULDM can scan multiple decentralized exchanges (DEXs) to find the best liquidity source, and effectively reduce slippage by splitting and executing large orders in parallel, ensuring users complete transactions at the best price and improving transaction efficiency.

In the latest version of ULDM, Unizen further optimizes the execution of large orders by integrating liquidity from private market makers (PMM). ULDM not only executes trades in AMM liquidity pools, but also allocates trades to PMM order books, ensuring that large trades for deep liquid trading pairs such as ETH and USDT can be executed at more stable prices, improving the accuracy and stability of trading.

Unizen is not just a trading platform, it also provides a comprehensive Web3 operating system that allows users to exchange assets, perform cross-chain operations, and interact with Web3 applications within the same interface. By integrating a variety of Web3 application modules, Unizen simplifies the complexity of multi-platform operations, making Web3 interaction simpler and more intuitive, and providing users with a highly convenient operating experience.

In summary, Unizen provides users with an excellent Web3 ecosystem interaction and asset management solution through its cross-chain interoperability, intelligent liquidity allocation mechanism, and one-stop Web3 application platform, allowing users to participate in the global Web3 ecosystem in a secure, efficient, and convenient environment.

Token Economics

Unizen’s economic system is driven by its native utility token ZCX, which serves as the main token of the Unizen platform. It plays multiple roles and maintains its scarcity and value stability through various deflationary mechanisms. As an ERC-20 token based on Ethereum, the total supply of ZCX is set at 1 billion, and its circulation and distribution are regulated by carefully designed deflationary strategies and allocation mechanisms.

• Private Placement Token: 16% (Fully Circulating)
  As of September 2022, all tokens have been allocated and fully owned.

• Foundation Token: 28.5% (partially in circulation)
  As of November 25, 2022, 16 million tokens have been released. The remaining tokens will be linearly attributed for a period of 18 months starting January 1, 2023.

• Partners and Advisors: 5.5% (Locked)
  From August 1, 2023, for a period of 60 months

• Team: 20% (locked)
  Starting from July 15, 2022, after a lock-up period of 36 months, 50% of the Team tokens will be unlocked and released. The remaining 50% will be unlocked and released in equal amounts each calendar month over twenty-four (24) months.

• Ecosystem Reserve: 30% (fully circulating)
  1 billion out of the 300 million ecosystem reserve funds has been sent to the burning reserve contract, providing power to the burning mechanism of the entire Unizen ecosystem. The remaining 200 million is divided into the following two categories:

1. 50 million dedicated to market reserves
2. 1.5 billion controlled by the upcoming decentralized autonomous protocol (uDAP) of Unizen

Token Economic Model Features

1. Super Deflation Mechanism:
Unizen achieves hyper-deflation through a token burning process directly related to trading volume. In every transaction executed on Unizen Trade or through the Unizen SDK, a portion of the transaction value will be reserved for designated token burning. These reserved ZCX assets are called “designated use” ZCX. Specifically, Unizen will burn 0.5% of the transaction value for each single-chain transaction and 1% of the transaction value for any cross-chain transaction. In addition, Unizen also implements a secondary burning mechanism, which repurchases ZCX from willing sellers through the SDK integration fee, and then burns the ZCX on the public market, further strengthening the characteristics of its hyper-deflationary token economy.

2. Unizen Earn Staking:
The ZCX token plays an important role in the Unizen Earn program, which is a multi-asset reward program. Users stake their ZCX tokens on the platform to receive rich off-chain rewards in new projects from the Unizen comprehensive service incubator, ZenX Labs. The more ZCX tokens staked, the higher the reward level users can receive, incentivizing their participation and support for the development of emerging projects.

3. Professional Member Purchase:
Users can obtain Pro membership on the Unizen platform by spending $50 worth of ZCX, unlocking professional trading features that are part of the Unizen UI/UX. The ZCX used to purchase Pro membership is then sent to a burn address, which is an important component of the token’s deflationary design, ensuring the scarcity and value of ZCX tokens.

Summary

Unizen is a leading DEX aggregator, suitable for developers and enterprises who want to integrate decentralized trading functionality into their applications, with Unizen’s Liquidity Distribution Mechanism (ULDM), native UTXO asset support, and industry-leading cross-chain capabilities, Unizen provides a good trading experience. Unizen combines enterprise-level functionality and comprehensive analytics to provide a fully optimized platform that can be extended according to your business needs, providing efficiency, security, and innovation.