InstaForex

August 26, 2021

Unizen (ZCX), a Hybrid Exchange That Combines CEX, DEX In One Platform

 Often we come across centralized exchange (CEX) or known as centralized exchange and decentralized exchange (DEX), decentralized exchange.


But Unizen (ZCX) looks interesting with a combination of CEX and DEX features, making it the only hybrid platform with high potential in the crypto industry.


About Unizen


Unizen is a smart exchange that operates on top of Binance Cloud’s securities and trading infrastructure.


The platform is categorized in centralized decentralized (CeDeFi), the result of a combination of CEX and DEX features highlighted by its developers. Unlike CEX and DEX, Unizen consolidates crypto products and exchanges in one platform, making trade execution times faster.


At the same time, the platform can increase risk mitigation by offering investors indicators of social sentiment and limiting interactions with audited products.


Native Token, ZCX



Like other blockchains that have a native token, ZCX is an ERC-20 token that represents the Unizen ecosystem. This utility token works in its entirety:


Used for Dynamic Multi-Asset Staking

Or known as DMAS, is a reward in many forms of digital assets through staking

Reduce trade costs

Used for exchange administration

Used for direct access to the ZenX Labs Portfolio

The total supply of ZCX is 1 billion and 33.75 million ZCX in the current cycle supply. However, the issue of inflation is addressed through coin burning conducted for each paid listing in the Unizen CeFi module.


Interestingly, the launch of the ZCX token was done in stages. Beginning in April 2020, a total of 33.75 million ZCXs were released into the market before increasing to 381.6 million in March 2021.


For now, the platform still has a lot of room to grow rapidly. Many more upcoming projects involve DMAS, ZenX Labs incubator, CEX module, Third-Party DeFi module, trade aggregation module, social sentiment indicator, SDK toolkit, and decentralized autonomous organization (DAO) administration.


Unizen also collaborates with several flagship projects, such as AllianceBlock, a decentralized blockchain that connects conventional financial markets with decentralized finance (DeFi), Chainlink, and most recently Dimitra Tecknology, an agricultural technology provider.


Arguably it is one of the CeDeFi projects with high potential in changing the investment narrative of crypto investors.