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ZKEX.com, a multi-chain Super DEX, recently completed a successful seed funding round, raising $2.5 million from investors such as Fenbushi Capital, KXVC, and RockTree Capital. The raised capital will support the platform’s roadmap, including the launch of a fiat on-ramp service, a mobile app, and a Telegram bot. ZKEX.com offers functionality similar to a centralized exchange (CEX) while allowing users to trade native assets on any blockchain directly from their self-custodial wallets.
ZKEX.com’s Funding and Roadmap
The platform recently raised $2.5 million from investors such as Fenbushi Capital, KXVC, and RockTree Capital. This funding will support the launch of a fiat on-ramp service, a mobile app, and a Telegram bot, as part of the platform’s roadmap.
ZKEX.com’s functionality is akin to a centralized exchange (CEX), enabling users to trade native assets on any blockchain directly from their self-custodial wallets.
ZKEX.com’s Use of Zero-Knowledge Technology
ZKEX.com utilizes zero-knowledge technology to create a secure, unified trading layer, addressing liquidity fragmentation across different blockchains. This approach allows users to trade native assets on any blockchain directly from their self-custodial wallets without relinquishing token custody to the exchange.
- The platform’s security measures include aggregated Layer 3 (L3) built on zkLink, LayerZero, and Polyhedra, ensuring the security of deposits, withdrawals, and transactions across chains through the use of zero-knowledge proofs.
- Settlement speeds of up to 1000 transactions per second further enhance the platform’s security infrastructure.
ZKEX.com’s Role in the Web3 Industry
ZKEX.com’s emergence as the Web3 industry’s first Super DEX bridges the gap between centralized exchanges and self-custody and decentralization principles. Users can trade tokens and move assets across 10 chains and rollups, benefiting from the security provided by zero-knowledge proofs.
The platform’s innovative use of zero-knowledge technology and focus on security and user trust sets a new standard for decentralized trading platforms. With the support of prominent investors and a clear roadmap for expansion and development, ZKEX.com is poised to play a pivotal role in shaping the future of crypto trading.
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