Chainzoom: Pioneering the First Trading Layer built on X – LBP launching on Fjord Foundry
London, UK, April 10th, 2024, Chainwire
Crypto Twitter (or Crypto X) serves as a source for discovering new tokens and trading ideas, though the transition to actual trading can be complex.
The process from finding a new token to executing a trade involves several cumbersome steps. Typically, this is what happens:
- Discover: Users come across a promising token on X.
- Verify: Users check its legitimacy and chart on platforms like DexScreener or DexTools.
- Bridge: Users bridge funds to the appropriate chain, which can be a gamble on its own.
- Analyze: Tools like Arkham or Nansen help in thorough analytics.
- Bots: Facing issues like thin liquidity, the user might end up using bots such as Unibot or Banana Bot.
- Trade: The user manages to make a trade.
Navigating multiple platforms to trade can be cumbersome, presenting challenges in bull markets where time is valuable.
Chainzoom introduces a novel approach to Social Media Trading by combining discovery, analysis, and trading into a unified process directly within X. This innovative platform eliminates the need to navigate away from X, allowing users to trade a token immediately upon its discovery, aiming to reduce the time involved and potentially improve value.
Doomscrolling to Moonscrolling
Chainzoom transforms the DEX trading experience by encapsulating all of the vital tools into one easy-to-use browser extension, integrated directly into X. This allows for smooth, uninterrupted trading across multiple blockchains without the need to leave the platform.
Operating as a unified Data Terminal, Chainzoom also provides traders with the ability to analyze on-chain data and execute trades using MEV-protected tools.
This aims to make browsing through X informative and practical, enabling trades to be executed securely and swiftly from one platform.
Accessible Account Abstraction
Chainzoom introduces a new aspect, positioning itself as an innovative layer on top of the X platform, aimed at supporting DEX traders.
Users can enjoy Chainzoom’s Account Abstraction wallet on EVM chains such as Ethereum Mainnet, and Base, as well as non-EVM chains like Solana. Expansion to additional chains is planned. The wallet is designed to be user-friendly, aiming to simplify common trading challenges on decentralized exchanges.
Chainzoom’s LBP on Fjord Foundry
The Fjord Foundry Liquidity Bootstrapping Pool (LBP) according to their team is designed as a method for projects to raise funds through token distribution in a manner aimed at transparency and fairness, facilitating dynamic price discovery. This method is intended to be inclusive, allowing participation from those interested in the project.
The $ZOOM token is designed to provide benefits including revenue sharing, autocompounded rewards, and a mechanism for buyback and burn.
Chainzoom’s LBP is scheduled on Fjord Foundry from April 10 (12PM UTC) to April 13 (12PM UTC), during which 10% of the $ZOOM supply will be open for purchase. Interested users can find participation details on this page.
About Chainzoom
ChainZoom, having achieved an impressive $30 million in trading volume during its beta phase and forged strategic partnerships with projects such as Jupiter, Thruster, and KyberSwap, is well-positioned for its upcoming phase.
It is set to launch on several blockchains, including Sui, Arbitrum, Optimism, Avalanche, BSC, and Polygon, positioning Chainzoom at the forefront of the Social Media Trading narrative for traders globally.
Chainzoom is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
