Unizen, a centralized-decentralized (CeDeFi) exchange, received a $200 million capital commitment from Global Emerging Markets (GEM).
The company intends to use the funds to improve current systems, bolster innovation, expand the team, market the company’s products, and rapidly accelerate the execution of the trade aggregation ecosystem. The funding is milestone-based and performance-related, which aims to make sure the initial funding is optimized to the fullest.
Led by Sean Noga, CEO, Unizen is a Binance chain-based cryptocurrency exchange that supports cross-chain swaps and applications. Launched in 2021, the platform provides an aggregating interface that caters to all trading personas to acquire any asset, for the best fees across a multitude of liquidity pools.
The exchange allows traders the convenience and compliance of centralized exchanges while maintaining the trustlessness and low fees of decentralized exchanges, providing users with a seamless trading platform
Unizen is also launching the ZenX Labs, to help grow decentralized applications (DApps). The platform is an incubator for CeDeFi applications, empowering their growth with technical expertise and growth management as well as ensuring its full compliance.
Lastly, the platform will also offer incentives and rewards to the native $ZCX token holders. The token holders will benefit from the growth of incubated projects via the Dynamic Multi-Asset Staking (DMAS), whereby incubated projects could choose to reward the Unizen community once they take off or gain long-term success.
The token is available on several token exchanges including Unizen, Uniswap, and other centralized exchanges such as Kucoin, Gate, MEX, and BitMart.
FinSMEs
29/06/2022