ZYB
ShitCoin
Reputation Ratings

ZYB

Zyberswap 1-2 years
Cryptocurrency
Website https://www.zyberswap.io/
Browser
OTH RELPs
White Paper
ZYB Avg Price
0.00%
1D

$ 0.0041 USD

$ 0.0041 USD

Market Cap

$ 22,581 0.00 USD

$ 22,581 USD

24h trading volume

$ 37.52 USD

$ 37.52 USD

7d Vol

$ 1,196.02 USD

$ 1,196.02 USD

Circulating supply

5.622 million ZYB

Related information

Issue Time

2023-02-07

Platform pertained to

--

Current price

$0.0041USD

Market Cap

$22,581USD

Volume of Transaction

24h

$37.52USD

Circulating supply

5.622mZYB

Volume of Transaction

7d

$1,196.02USD

Change

24h

0.00%

Number of Markets

25

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Current Rate0

Available

0.00USD

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WikiBit Risk Alerts

1
Previous Detection 2024-11-21

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

ZYB Price Chart

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

-24.36%

1Y

-94.71%

All

-99.89%

Aspect Information
Short Name ZYB
Full Name Zyberswap
Founded Year 2023
Supported Exchanges MEXC, Zyberswap
Storage Wallet MetaMask, Trust wallet, BitKeep wallet
Customer Support Twitter, Discord, Telegram

Overview of Zyberswap (ZYB)

The Zyberswap (ZYB) token is a type of Defi cryptocurrency and is an integral part of the Zyberswap ecosystem. It plays various roles within the platform, including serving as the main governance token. By holding, staking or farming these tokens, users obtain voting rights, enabling them to influence the platform's development direction. ZYB can also be earned as rewards through yield farming and the referral program. Furthermore, ZYB undergoes a burn mechanism, potentially boosting the value of the remaining tokens. Smart contract, audit and KYC (Know Your Customer) measures are in place to constantly ensure the token's safety and security.

Overview of Zyberswap (ZYB)

Pros and Cons

Pros Cons
Operates on Ethereum blockchain Dependent on Ethereum network performance
Provides automated liquidity provisions Risk of low voter participation
Enables smart contract functionality
Decentralized and anonymous transactions
Governance token allows for protocol influence

Pros:

1. Operates on Ethereum blockchain: By operating on the Ethereum blockchain, Zyberswap takes advantage of the security and decentralization features inherent in this technology. This provides assurances against fraud, censorship, and third-party interference.

2. Provides automated liquidity provisions: Automated liquidity provisions allow any token to be traded at any time, without the need for a counterparty. This enhances the usability of the Zyberswap platform and opens opportunities for unlimited trading pairs.

3. Enables smart contract functionality: Zyberswap's smart contracts automate the execution of transactions when pre-set conditions are met. This eliminates the need for intermediaries and reduces transaction costs and time delays.

4. Decentralized and anonymous transactions: The decentralized nature of Zyberswap ensures that transactions are conducted peer-to-peer, without the need for a central authority. This allows for increased privacy and control over one's assets.

5. Governance token allows for protocol influence: Zyberswap's governance token gives its holders the power to influence decisions about the platform's development. This decentralized management system encourages a more equitable distribution of power and control over the protocol.

Cons:

1. Dependent on Ethereum network performance: While Zyberswap benefits from the Ethereum blockchain's features, it is also constrained by its limitations. Factors such as network congestion, high gas prices, scalability issues, and vulnerability risks to smart contracts can pose challenges.

2. Risk of low voter participation: While governance tokens grant decision-making influence to token holders, low participation in voting can lead to underrepresentation of the community's preferences. This could impact the project's direction and development.

What Makes Zyberswap(ZYB) Unique?

Zyberswap's innovation primarily revolves around its platform's advanced functionalities, specifically its integration of smart contracts and automated liquidity provisions. This differentiates it from many other cryptocurrencies which don't feature such intricacies in their operational structure.

Automated liquidity provisions enable any token to be traded at any time, a feature not found on all digital asset platforms. Zyberswap's use of smart contracts automates transactions when pre-set conditions are achieved, reducing dependencies on intermediaries, and thus enhancing efficiency and cost-effectiveness.

Another distinct attribute of Zyberswap lies in its governance token. Providing holders the ability to influence the protocol's development, it fosters a sense of community involvement within the Zyberswap ecosystem. While governance tokens are not exclusive to Zyberswap, they are still not common among all cryptocurrencies.

Lastly, Zyberswap operates within the DeFi (Decentralized Finance) space, which is a rapidly growing sector within the broader cryptocurrency industry. This focus on DeFi distinguishes it from cryptocurrencies oriented towards other applications like data storage, privacy, or supply chain management.

In conclusion, while many cryptocurrencies share common features such as decentralization and security, Zyberswap's operations within the DeFi space, its emphasis on automated liquidity provisions, smart contracts and a governance token differentiates it from many other cryptocurrencies.

What Makes Zyberswap (ZYB) Unique

Market & Price of Zyberswap (ZYB)

Coin Airdrop: there haven't been any official airdrops specifically for Zyberswap (ZYB) so far.

Price

Zyberswap token (ZYB) has shown significant price fluctuations across its history. It reached an all-time high of $23.15 on February 20, 2023, but its price has substantially declined since then, seeing a decrease of approximately 99.70% at $0.03283 on Oct11, 2023. Since then, it has more than doubled, increasing by around 110.18%, based on the current price of $0.069 up to today Jan28, 2021.

At the maximum supply limit of 20,000,000 ZYB, the fully diluted market cap would be1,381,082.

Despite these price fluctuations, the importance of considering these metrics is in understanding the ongoing trading activity and liquidity, and potential future price movements.

Price of Zyberswap (ZYB)

How Does Zyberswap(ZYB) Work?

Zyberswap operates using a decentralized mechanism that enables peer-to-peer transactions within its network. Its primary function revolves around digital asset exchange, allowing users to swap one cryptocurrency token for another.

One of the key principles behind Zyberswap's operation is the use of automated liquidity provisions. This feature essentially eliminates the need for an order book, a traditional component in regular centralized exchanges. Instead of matching buy and sell orders, the protocol maintains liquidity pools for each trading pair, enabling any token to be traded at any time. This system ensures availability of liquidity by encouraging users to lock their tokens in these pools, typically in exchange for earning transaction fees.

Zyberswap also integrates smart contract functionality within its operational framework. Smart contracts are self-executing contracts with the terms of the agreement directly written into lines of code. In the context of Zyberswap, these smart contracts execute transactions automatically when pre-set conditions are met, thus increasing transactional speed and security.

Lastly, Zyberswap incorporates a governance token within its system. This aspect widens the decision-making process, allowing token holders to propose and vote on changes to the protocol. This way, the community of Zyberswap users can influence the development and direction of the platform, embodying the spirit of decentralization.

How Does Zyberswap (ZYB) Work?

Exchanges to Buy Zyberswap(ZYB)

Zyberswap can be purchased from two exchanges: MEXC and Zyberswap itself.

MEXC is a well-established global exchange that offers wide-ranging trading services and supports a vast number of cryptocurrencies.

Step Action Details
1. Create a MEXC Account - Choose your registration method: MEXC App, email, or mobile number. - Complete KYC verification for account activation.
2. Choose Buying Method - Click “Buy Crypto” on the website https://www.mexc.com/how-to-buy/ZYB. - Consider buying a stablecoin (e.g., USDT) first for smoother transactions.
3. Purchase ZYB Choose your preferred method: - A. Credit/Debit Card Purchase (Visa/MasterCard): Easy for new users.
4. Store or Use ZYB - Hold ZYB in your MEXC wallet or transfer it elsewhere. - Trade ZYB for other cryptocurrencies.
5. Trade ZYB (Optional) - Explore the Spot Market. - Add favorite ZYB pairs to your bookmarks for easy tracking.

Zyberswap, as a decentralized exchange, also allows for direct purchase and trading of its own ZYB tokens. With the help of layer-2 solutions like Arbitrum and Optimism, transactions on Zyberswap are generally faster and cheaper compared to traditional Ethereum-based trades, making it an appealing choice for swift and cost-effective acquisitions.

Each platform presents unique features, catering to various user requirements, thus selection between them should be based on an individual's trading preferences and needs.

Exchanges to Buy Zyberswap(ZYB)

How to Store Zyberswap(ZYB)?

MetaMask, Trust Wallet, and BitKeep Wallet are all viable options for storing Zyberswap (ZYB) tokens.

MetaMask is a popular Ethereum-compatible wallet that is browser-based, making it highly accessible and easy to use with various decentralized platforms. As an extension, it provides convenient connectivity to platforms such as Zyberswap.

Second, Trust Wallet is a mobile-based wallet known for its user-friendly interface and extensive coin and token support. It allows for secure managing, staking, and swapping functionality for a wide array of tokens, including ZYB.

Lastly, BitKeep Wallet is a multi-chain wallet recognized for its versatile capability to support over 40 blockchains and numerous tokens including ZYB. It provides additional features like yield farming and portfolio management, enhancing its user experience.

No matter the choice, each wallet carries its unique set of features, maintaining a balance between security and user experience for storing your ZYB tokens.

How to Store Zyberswap (ZYB)?

Is It Safe?

Zyberswap prioritizes safety and security utilizing several measures. It uses smart contracts for transparent and automated transactions on the platform. MasterChef is a protocol involved in the management of liquidity pools and the distribution of rewards, further enhancing the integrity of transactions. The TimeLock feature adds a delay to all administrative actions providing an additional layer of security.

Zyberswap has been audited by SolidProof, an independent audit company known for conducting thorough checks of the platform's codes and practices to identify any potential vulnerabilities and recommend improvements. The Know Your Customer (KYC) process by SolidProof is another robust safety measure implemented by Zyberswap to verify the identity of its users and prevent fraudulent activities.

Is It Safe?

However, while these security measures seem significant, it is always wise for you to do comprehensive research and exercise caution when investing in any cryptocurrency or using any exchange platform because risks like price volatility and potential technical vulnerabilities still exist.

How to Earn Zyberswap(ZYB)?

To earn Zyberswap (ZYB) tokens, users can participate in several activities on the platform:

  • Yield Farming: Users can provide liquidity to the platform's pairs and earn ZYB tokens as rewards. Once you've added your funds to a specific liquidity pool, the Yield Farming protocol will commence distributing a proportional amount of ZYB tokens to you, depending on your share in the pool.

  • Staking: ZYB holders can stake their tokens in supported pools to generate a passive income. When you stake your ZYB tokens, you are essentially locking them up for a period of time. In return, you are rewarded with additional ZYB tokens.

  • Referral Program: Users can earn ZYB through the platform's referral program. Each successful referral resulting in a friend executing a swap translates into commission rewards for the user, further enhancing their Zyberswap experience and earnings.

  • Before participating, always ensure that you thoroughly understand the risks involved and that you are comfortable with them. Every decentralized finance (DeFi) protocol carries inherent risks that can affect the value of your investment due to price volatility and smart contract vulnerabilities.

    How to Earn Zyberswap (ZYB)?

    Conclusion

    The Zyberswap (ZYB) token is an integral part of the Zyberswap ecosystem, serving as its main governance token, enabling token holders to influence the platform's development. Besides governance, it's earned through yield farming and its referral program and undergoes strategic burning, potentially boosting its value. Despite market volatility, ZYB distinguishes itself by continually ensuring token safety and security through audit and KYC measures.

    FAQs

    Q: How does Zyberswap operate as a platform for digital asset exchange?

    A: Zyberswap functions via a decentralized platform where automated liquidity provisions and smart contracts for a smooth digital asset exchange experience for its users.

    Q: How does Zyberswap's smart contract system work?

    A: The smart contracts in Zyberswap are coded agreements that automatically execute transactions when predefined conditions are met, effectively enhancing transactional efficiency.

    Q: What is Zyberswap's unique selling point compared to other cryptocurrencies?

    A: Zyberswap distinguishes itself by offering automated liquidity provisions and smart contract functions on its platform, alongside implicating a governance token, representing a distinct focus in the DeFi space.

    Q: What are the various wallets suitable for storing Zyberswap tokens?

    A: Zyberswap tokens can be stored in MetaMask, Trust wallet, BitKeep wallet.

    Risk Warning

    Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

More

5 ratings

Participate in evaluation
Ngan Pham
The long-term potential of ZYB Volatility shows promise, but is not without its risks. With a history of price fluctuations and a high level of risk, it is important to consider both the market value and liquidity.
2024-07-13 10:33
0
Jenk Za
The token distribution of this project lacks transparency and may not be sustainable in the long run. It's crucial to address these issues to gain community trust and ensure economic viability.
2024-05-09 00:15
0
David Chow
Regulatory outlook could shape the future landscape for ZYB, influencing adoption and growth. Stay tuned for potential developments!
2024-04-23 10:17
0
Brendan
The project shows potential in solving real-world problems and meeting market demand. The team has a strong reputation and a transparent track record. However, there are concerns about security and regulatory issues. The community is actively involved and supportive, but competition and volatility are key factors to consider. In terms of token economics, there is room for improvement in distribution and sustainability. Overall, ZYB has room to grow and thrive in the utility market.
2024-06-21 11:44
0
Yee Ling
Outstanding technology, strong consensus mechanism, and impressive scalability. Real-world applications and market demand are driving adoption. Experienced team with transparent track record. Growing user base and active developer community. Solid token economics for long-term sustainability. Robust security and trusted by the community. Regulatory environment favorable with potential future impact. Unique features set project apart from competitors. Engaged community with strong developer support and communication. Volatile yet promising price performance, balancing risk and potential. Market value, liquidity, and fundamentals driving growth.
2024-07-24 11:15
0