Singapore - July 30, 2022 —
0Gas is a decentralized exchange platform native to the Ethereum blockchain. Developed in a Layer 2 network, 0Gas offers a decentralized zero gas cost solution, as well as low-latency transactions.
Zerogas announces crowd sale to support the platform launch scheduled for Q4 2022. The 0Gas platform is a groundbreaking Web.3 solution based on Skale. Apart from zero gas fees, the Skale protocol empowers 0GAS DEX in terms of transaction speed and interoperability. Regarding the concept behind creating this decentralized exchange, ZEROGAS’s creators have imparted the following:
“With Web 3.0, we start to understand the value of blockchain technologies. We see a lot of new protocols, use cases, decentralized exchanges, NFTs, etc. However, with all this DeFi & NFT adoption, the Ethereum blockchain has become extremely congested. Activity is much higher than the chain can efficiently process, and as a result, we observe absurdly high gas fees. We discovered a solution to this issue. It’s an off-chain Layer 2 transaction.”
Zero Gas solutions were designed to tackle some of the most pressing issues and problems in the crypto space, especially sky-high gas fees.
Whenever trades are exchanging, buying, or selling tokens on Ethereum, they are obliged to pay a gas fee on every transaction. While gas fees are inconveniences for many traders, to some, they are barriers to entry, effectively preventing them from completing the trade due to insufficient balance that could cover them.
While the costs of gas fees fluctuate, the volatility of the crypto market adds another layer of uncertainty for traders that do not have the luxury of possessing a substantial budget. The largest problem regarding gas fees lies in failed transactions in that traders are still required to pay gas fees.
The 0Gas DEX platform proposes several solutions to these issues. By decentralizing zero gas costs and introducing low-latency transactions, 0Gas plans to overcome these obstacles and create a more sustainable, cost-friendlier atmosphere for traders to operate in.
Aside from effectively removing the issue of blockchain transaction gas fees, ZEROGAS plans to introduce a host of other utility features that members could use, including a dedicated currency swap port, importable liquidity pools, advanced analytic tools, e-wallet integrations via KYC verification, ZEROGAS airdrops to increase token awareness, and a proprietary Launchpad where investors can find the newest and most promising DeFi projects.
According to the platform’s creators, “ZEROGAS Dex is initially only supporting the Ethereum blockchain, but the network will grow to support other security layer blockchains over time and serve as an execution and interoperability layer between disparate decentralized technologies.”
ZEROGAS is currently preparing for the crowd sale event after the platform’s creators will work diligently on reaching other milestones, as defined in the company’s roadmap, such as the development of smart contracts, and working on Coinmarketcap and Coingecko listings.
More information about ZEROGAS is available on 0Gas.org.
Contact Info:
Name: A.i/Cesar
Email: Send Email
Organization: Zero Gas (0GAS DEX)
Address: Singapore
Website: https://0gas.org/
Release ID: 89079261
If you detect any issues, problems, or errors in this press release content, kindly contact error@releasecontact.com to notify us. We will respond and rectify the situation in the next 8 hours.
