Wrapped Zero (wZER) Update: 18th April.
ZeFi on the Binance Smart Chain (BSC) and PancakeSwap
Now that we’re 2+ weeks into our wZER/USDT liquidity campaign, where do we stand?
What is ZeFi?
Zero (ZER) was launched in 2017 as a privacy-focused coin, here are some of the main features:
- Anonymity through zk-SNARK shielded transactions.
- A fair launch with no Initial Coin Offering (ICO) or pre-mine.
- Improved Decentralization by developing an ASIC-resistant mining algorithm.
- Fast Block Time — 120 Seconds.
- Rare Asset — 17 Million Max Supply.
- Low Inflation — Emission of 3888 ZER per day.
- Zero Masternodes — Improved network security.
- Zero Fee Transactions.
By enabling users to anonymize transactions when moving ZER onto and back off the Binance Smart Chain (BSC), ZER is helping users to maintain privacy while accessing the exciting world of Decentralized Finance (DeFi). We call this ZeFi — Zero-enabled, private DeFi!
Wait, you’re telling me that ZER is on BSC and can be traded on PancakeSwap?
Here’s everything you need to get caught up on wrapped Zero (wZER) on the Binance Smart Chain!
wZER on PancakeSwap
Right now, wZER can be traded with USD-T on PancakeSwap, and we have been doing weekly airdrops to liquidity providers to get this started. Here’s where we stand as of April 16, 2021.
- 54,350 ZER have been wrapped on BSC as wZER.
- Over 20,000 wZER and $10,000 USDT of liquidity have been added so that users can exchange wZER <-> USDT on PancakeSwap.
- With this amount of liquidity, trades of ~200 wZER have a price impact of ~1%. Adding more liquidity will make it so that users can exchange more wZER with less of an impact on wZER price.
Airdrops to Liquidity Providers
So far, we have done weekly airdrops of 1,250 wZER to wZER/USDT liquidity providers on April 5 and 12, 2021. It’s not too late — there are two more airdrops coming for users with at least 50 wZER/USDT liquidity tokens or at least 1% of the liquidity pool.
Snapshots for the airdrops will be made at 11:00 UTC on:
- Monday 19th April
- Monday 26th April
Here’s the list of current wZER/USDT liquidity providers:
How do I get in on the airdrops?
Check out the article below to learn how to:
- Set up a wallet to access BSC
- Swap ZER for wZER (and wZER for ZER)
- Add liquidity to the wZER/USDT liquidity pool on PancakeSwap
- Exchange wZER <-> USDT on PancakeSwap
- Receiving your Cake LP-Tokens.
