The crypto market has changed quite a lot from what it was in 2017. Back then, to get a celebrity endorsement from someone with 6 million twitter followers was unheard of. But now, it’s a totally different game. YouTuber and celebrity Logan Paul has discovered the crypto and blockchain space and is talking about 0.Exchange DEX. We will explain to you what that is.
When celebrities tweet about crypto, it often has good impacts for the price action. This appeared to be true with Dogecoin. Now, famous Youtuber Logan Paul just tweeted about a new crypto called 0.Exchange DEX.
What is a Zero Exchange?
The cool thing about Logan Paul is he has a passion for crypto with solid fundamentals. Paul recently launched his own NFT on Bondly, a multi-chain digital asset exchange for NFTs, which raised $1.5 million in sales. And now, Paul is digging deeper in the cryptosphere by giving a shout out to Wasder and Zero Exchange.
Unlike meme coins like Doge, Zero Exchange has a utility. Meaning, real world value. Zero Exchange is the world’s first multi-DEX crypto platform. So, you might be familiar with what a DEX (decentralized exchange) is. If not, that’s okay, we got you covered. A decentralized exchange is a platform in crypto that allows peer to peer transactions without the need for an intermediary. In a centralized exchange like Binance and Kraken, there are rules you must abide by.
So, decentralized exchanges make trading much easier. If you have heard of Uniswap or PancakeSwap, these are examples of decentralized exchanges. However, what makes Zero so revolutionary is that it’s a multi-chain decentralized exchange. This means you can seamlessly trade between Binance, Ethereum, Polkadot, Cardano, and other major chains that Zeroexchange will likely adopt.
This will help to hopefully bring in more everday people into crypto as it easily solves one of the biggest problems in trading. For the average person, it is so confusing when you hear about all of these different wallets and exchanges. Zero Exchange will help to solve the confusion of which chain has to be used for a certain decentralized exchange.
But there is more…
An excerpt from the 0.Exchange website says,
“Successful trading relies on quick reaction time, now you have an exchange that gives you the speed necessary to trade in harmony with the market. ZERO features sub second block times with near instantaneous transaction confirmation (100x faster than Ethereum)”https://0exchangestatic.blob.core.windows.net/whitepaper/0Whitepaper.pdf
This is a major issue with Uniswap and other decentralized exchanges. Sometimes, trades can take an incredibly painstaking amount of time. If a trade takes 30 minutes to successfully confirm, that can have very inconvenient effects on the trader. With Zero Exchange’s incredibly fast transaction times, it’ll bring a more sustainable trading environment for novices and experts alike.
Additionally, 0.Exchange aims to solve the issue with gas fees. Another quote from the website reads,
Utilizing the Avalanche (AVAX) Blockchain, ZERO Exchange offers its users a near fee-free trading experience. Gone are the days of gas wars and absurd transaction fees!https://0exchangestatic.blob.core.windows.net/whitepaper/0Whitepaper.pdf
If the 0.Exchange DEX successfully creates a platform with zero gass fees, it will be a monumental change to the world of crypto.
0.Exchanges DEX are the future in crypto trading. Logan Paul has done the crypto community a solid for endorsing one of the best projects in crypto.
Aaron is passionate about blockchain and has been an investor in cryptocurrencies for the past years. He enjoys engaging with other people in the cryptocurrency community online, particularly on Telegram, and learning from experts.