ZEE Crypto: ZeroSwap Native Token
ZEE is the native utility token of ZeroSwap, a multi-chain trading protocol with zero gas fees. The protocol is live on Avalanche, Polygon, Fantom, Binance Smart Chain (BSC), and Celo. It aims to make on-chain trading simple and easy.
ZeroSwap is more than a multi-chain trading protocol. It features gasless ZeroSwapDEX, staking, a bi-directional bridge, an IDO platform called ZeeDO, and Defi Wizard, a decentralized finance infrastructure service provider.
The protocol provides a platform where users can earn rewards through liquidity mining every time they make a trade. Users also have access to liquidity on multi-chains from all decentralized liquidity providers. ZeeDo provides the fairest and most transparent place to launch tokens on multiple chains.
Minted initially on Ethereum, ZEE tokens have several use cases on ZeroSwap. They are reward tokens used to reward users for engaging with the protocol. Users who pool liquidity to the DEXs aggregated to ZeroSwap are also awarded the tokens.
They are also used to enable projects to launch their tokens via ZeeDo. They are also governance tokens, meaning holders can use them to vote on the development of the protocol. Furthermore, they can be used for transactions on the ZeroSwap exchange. They have plenty of utilities with more on the way.
ZEE tokens have a max supply cap of 100 million. As of writing, according to Coinmarketcap 63,429,102 of the coins are in public circulation. The coins are currently ranked the 1,246th largest cryptocurrencies by market cap in the world and are worth $0.02659 each.
The coins are listed in several exchanges, including UniSwap, KuCoin, Gate, Pancake Swap, AscendEX, and Mexc Global, with the ticker $ZEE. Sadly, they are not listed in most major exchanges.
ZEE crypto was first tradable in October 2020. At the time, each of them was worth $0.0722. They traded between $0.04 and $0.05 till late November before appreciating, trading between $0.06 and $0.07. By the end of the year, the coins were worth $0.06033.
The coins began 2021 trading between $0.06 and $0.07, appreciating to $0.1496 by the end of January. They would continue to appreciate, trading above $1 for most of February before dropping to below $1 by the end of the month.
ZEE would again start trading above $1 in late March, going up to $3 for a few days in April. By the end of April, it was still trading above $1. The last they traded above $1 was May 15th. ZEE would then drop to trade below $1 for the rest of the year, ending it worth $0.2168 each.
The coins began in 2022, worth $0.2168 each. By the end of January, they had dropped to $0.1246 each. The coin appreciated for a little while in February, ending each month worth $0.1389.
By the end of March, the coins were trading at $0.1428 and $0.09886 by the end of April. ZEE would continue to trade below $0.1 for the rest of the months to the time of writing.
Is It a Good Investment?
A few things make ZEE crypto worth considering as an investment option. Firstly, the coins have a lot of use cases in the ZeroSwap ecosystem. There are plans to add more utilities to the tokens as the protocol continues to grow.
Secondly, the tokens might be currently experiencing a bear run but considering their history; they have had a good run, which can be repeated or made better in the future. A few crypto prediction platforms consider ZEE an excellent long-term investment option.
Thirdly, the coins live in an ambitious project that, if it successfully fulfils what it set out to do, might help with the tokens’ price appreciation. The cryptocurrency is also trading at a reasonable entry price for beginner crypto traders, therefore easily accessible to those who wish to spend a little in the crypto space.
A few concerns, however, include the fact that the tokens are not listed in many crypto exchanges. Many people might have difficulty getting their hands on them regardless of their low price.
The coins can also not be bought directly with fiat. To buy Zee, one would first have to go to a fiat-to-crypto exchange, buy ETH or BTC, and then go to a fiat-to-crypto exchange that lists $ZEE to buy them. Those who wish to only invest in them without buying any other cryptocurrency have no way of doing so.
So far, ZEE crypto looks like a good cryptocurrency with a promising future ahead if its protocol delivers on its goals. Most cryptocurrencies are currently experiencing a bear run this crypto winter, which on the flip side, could arguably be a buying opportunity.
Author: Jay Jackson
Jay Jackson is a crypto trader, researcher and freelance writer. He works closely with people and businesses in the crypto sphere, writing blog posts, guides, press releases, reviews and ebooks.
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