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.
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:
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.
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.
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.
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.
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.
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.
To store Unizen (ZCX) tokens, you have two primary options:
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.
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).
To buy Unizen (ZCX) tokens, follow these steps:
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.
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.
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.
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.
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.
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.