$ZCX is surging and has quickly become my largest single holding.
What is @unizen_io?
Why is it garnering so much attention?
Does it still have room to run?
A thread π§΅πππ
1) Unizen has built a modular exchange aggregator, which allows traders access to both centralized exchanges (CEX) and decentralized exchanges (DEX) all via a single common platform. You may have seen the new term coined #CeDeFi (Centralized+Decentralized Finance)
2) This isn't just about making things easy for traders, it's more about creating the deepest liquidity pools available in the space. Serious traders will always tend to flock to the exchanges that have the deepest liquidity pools. This minimizes slippage & maximizes returns.
3) Unizen has started off with @binance + @Uniswap + SifChain modules. Modules refer to the different exchange resources that get plugged into the overall Unizen exchange platform. Why is modular structure so important? This means that in the future we can expect to see more!
4) Within a short time, Unizen has the ability to integrate Kucoin, Sushiswap & other exchanges as modules onto the platform...combining these liquidity pools with those that are already integrated. 1inch was a DEX aggregator, Unizen is a CEX/DEX aggregator π₯
5) Let's talk about the $ZCX token, because this is where things get really exciting. Utility as follows:
6) When the $ZCX fees are collected for trading, licenses & listings - these tokens will be PERMANENTLY BURNED ππ₯π₯
This makes $ZCX a deflationary protocol, which means over time supply will become more scarce as platform usage increase.
THIS IS HUGE.
7) ZenX is Unizen's incubator arm. Users will be able to stake $ZCX and receive both rewards and allocations (seed/private rounds for incubated projects) based on the amount of $ZCX they have staked. This means $ZCX is becoming an IDO access token on top of everything else!
8) DMAS (Dynamic Multi Asset Staking) is the mechanism being used to deliver the early access to incubated projects & also provide rewards for stakers. Staking results in more $ZCX being taken out of the circulating supply, compounding the already absurd supply/demand imbalance!
9) DYSA (Dynamic Yield Savings Account) - Yet another feature of Unizen is a platform for earning yield on stablecoins. $ZCX holdings will be required in order to use this service, which will once again aggregate DeFi stablecoin yields to maximize returns on your stablecoins.
10) The utility of the platform & $ZCX token is unquestionable as you can see above. Who is on the team? Will they be able to deliver?
Full of rock stars.
Oh, and they're being advised by the CEO of Quant in addition to some other studs.
Comfy with the group executing.π
11) The exchange is going live in 4Q2021, as well as DMAS getting started as well. The latest surge in price is based on pure speculation as investors are starting to understand how big this platform could actually be. We are only just beginning here. Utility hasn't even arrived!
12) If you think you're late, consider that this would be like investing in Coinbase or Binance before they even opened up trading. It's like investing in $PAID before their first IDO. Unizen isn't even open for business yet, so I can assure you...WE ARE EARLY.
13) In case you have any doubt about the future:
πProjects aren't buying $ZCX for listing fees (yet)
πInvestors aren't buying $ZCX for allocations (yet)
πInvestors aren't buying $ZCX to maximize their stablecoin yields (yet)
π$ZCX is not being burned from trading fees (yet)
14) Current mcap = ~$230M
The top 100 projects are $1B+ & there is no doubt in my mind this is a top 100 project AT WORST.
My targets:
EOY 2021 - $30
March 2022 - $75
June 2022 -$120
Needless to say, I remain extremely bullish on $ZCX & am excited for the rest of the year!π
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There are a lot of people, many who I greatly respect & have a wealth of experience in crypto, who are not currently in #NFT bc they still don't believe in it. They still don't understand why people are paying absurd amounts of $$ for jpegs.
Allow me to explain (thread) πππ
1) In the last year, the crypto market has expanded by $1.7T. This has created A LOT of newfound wealth, predominately in people who are ages 20-35. There's a common theme amongst these newly minted millionaires: Their online persona/status is more important than IRL status.
2) New millionaires almost always seek status symbols as a way to show the world that they've "made it". The long-standing Lambo meme is the textbook example.
If these new millionaires would buy a Lambo, however, who would they show it off to? How many people would see it? π€·ββοΈ