133M TVL Milestone Achieved: Initiate the burn

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Unizen Blog2024/01/29 08:43

By:MK Dunkley

We're excited to reveal a pivotal achievement: the strategic staking of $ZCX by our institutional backers has propelled our Total Value Locked (TVL) beyond the crucial burn threshold of 133 million. Our institutional backers have agreed to stake their $ZCX in line with the team vesting schedule OR until Andromeda mainnet- whichever comes first.

This milestone underscores the robust confidence our backers have in the direction of our platform and significantly fortifies the stability and growth potential of our ecosystem.

Details of the Burn

Amount Burned: 25 million ZCX tokens (2.5% of total supply) (50 million total to date)
Approximate Value: $2,350,000.00 USD
Burn Mechanism: The tokens will be burned from our dedicated burn reserve pool, ensuring a reduction in the total token supply.
Transaction ID: https://zcx.com/explorer/transaction/0x3310b73a5020410451ff401f15d9983db394ee806fab57cd0f33c680e924b3cb/1

Community's Role and Future Vision

Your active participation is shaping the future of ZCX. This milestone is a clear indicator of our collective potential and the power of community-driven initiatives.
This burn represents a significant step in our commitment to creating value and ensuring the stability of the ZCX token.
By reducing the supply, we aim to enhance the token's scarcity.
This event is a testament to the robust engagement and participation of our community in the ZCX ecosystem.

Future Roadmap

We remain committed to our milestone-based burn strategy. Future milestones include:

166 million tokens staked: Another 25 million tokens burned (75 million total).
200 million tokens staked: Final 25 million tokens burned (100 million total).

Closing Thoughts

This milestone is not just a number; it's a reflection of our collective strength and vision, and the confidence that our institutional backers have in our ecosystem. Together, we are forging a path towards a more robust and valuable ZCX ecosystem. Congratulations, and thank you for your unwavering support and dedication.

About Unizen

Unizen is an entirely new category of DEX Aggregator with comprehensive omni-chain access and UTXO support. We offer unparalleled returns on decentralized trades industry-wide. Even compared to leading DEX Aggregators like 1inch, Paraswap, and Matcha.

Our platform boasts a seamless experience with zero bridging, no sign-ups, no fees, and no KYC requirements, all while maintaining complete decentralization. We’ve created an entirely new class of DEX Aggregator, distinguished by an industry-leading Unizen Liquidity Distribution Mechanism (U-LDM), comprehensive omni-chain access, and UTXO support (starting with native Bitcoin).

Our industry-leading innovations give us the ability to provide the highest returns on decentralized trades in the world: access to more than 20,000+ assets across 9 chains and over 158 decentralized exchanges. Full stop.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget VIP•2025/03/28 05:56