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AI-Powered ZenithSwap Goes Live with Hype and Over-Subscription
March 30, 2023
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ZenithSwap is built on Arbitrum and offers AI-powered rebalancing, low gas fees, fast transactions, and increased liquidity on its platform.
The ‘ChatGPT’ of DEX
ZenithSwap, the first project incubated by Arbitrum Pad, held its $ZSP token public sale on March 29, which sold out quickly.
“ZenithSwap is a protocol that is intended to be driven by the community, and launching the $ZSP token is a critical step in achieving that goal,” the ZenithSwap team said.
The public sale aimed to raise 35 $ETH and list with a market cap of $55k. $ZSP was sold in two batches - batch 1 started at 2:30 PM UTC for $ARBPAD Stakers, and batch 2 started at 2:40 PM UTC for ViralSweep Winners.
The snapshot for the whitelist nominees was taken at 1:30 PM UTC. The allocation structure for the public sale is as follows:
The protocol commenced its whitelist registration event on Arbitrum Pad on March 15, with guaranteed allocations offered to $ARBPAD stakers. According to ZenithSwap, the listing of $ZSP will happen on March 30, 2:30 PM UTC.
ZenithSwap dubbed the ChatGPT of DEX for its AI yield farm, has recently gained some popularity. Their whitelist event was 130X over-subscribed, with 4000 people applying for it.
According to ZenithSwap, users can access and use its AI-powered yield farm at any level, including seasoned investors and those new to DeFi. The ZenithSwap platform will enable users to provide liquidity directly, while a monitoring function provides insight into some of Arbitrum's major protocols. Users can make decisions while managing risk based on multiple recommendations on where to find the most profitable farms.
Aside from that, the DEX also offers AI-powered rebalancing, low gas fees, fast transactions, and increased liquidity. ZenithSwap also had its audit completed recently by InterFiNetwork.
What is ZenithSwap:
ZenithSwap aims to transform the decentralized finance (DeFi) ecosystem with a multifaceted approach that combines mining pools, farms, and DEXs. The platform provides investors a one-of-a-kind opportunity to pool their assets, participate in yield farming, and trade tokens in a fully decentralized exchange.
Furthermore, ZenithSwap seeks to differentiate itself from other DeFi protocols by combining the best features of DeFi, such as mining pools, farms, and DEX, to create a comprehensive, all-in-one solution for investors seeking convenience and efficiency.
Learn more about ZenithSwap:
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News
SEC Delays Decision on ARK 21Shares Bitcoin ETF to 2024
September 27, 2023
This marks another delay for the ETF, which had faced scrutiny and had its deadline extended previously.
Summary
- The SEC has delayed a decision on the proposed ARK 21Shares Bitcoin ETF to January 10, 2024.
- This is not the first time the SEC has delayed the decision, citing the need for more time to thoroughly evaluate its implications.
Delayed Again...
The U.S. Securities and Exchange Commission (SEC) will delay a decision on the proposed ARK 21Shares Bitcoin ETF, pushing the new deadline to January 10, 2024. The SEC expressed the need for extra time to thoroughly evaluate the implications of this groundbreaking ETF, stating that "it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change."
Notably, this isn't the first setback for the ARK 21Shares Bitcoin ETF. Last month, the SEC delayed the fund by soliciting additional written comments. Initially slated for an August 13 decision, it appears that this unique ETF has faced ongoing scrutiny.
The latest decision comes in the wake of bipartisan pressure from lawmakers urging SEC Chair Gary Gensler to expedite the approval of a spot bitcoin exchange-traded fund. Moreover, the SEC also deferred its verdict on the Global X Bitcoin Trust until November 21, potentially indicating a trend of delays for similar applications.
Commenting on these developments, Ark CEO Cathie Wood had previously anticipated the initial delay, suggesting, "I think the SEC, if it's going to approve a bitcoin ETF, will approve more than one at once."
While the regulator reviews multiple spot bitcoin fund applications from industry giants like BlackRock, Fidelity, VanEck, and Invesco, the ARK 21Shares Bitcoin ETF remains at the forefront of the race, with decision deadlines for other proposals also extended.
Despite the delays, the SEC remains cautious, citing concerns about potential fraud and market manipulation, emphasizing the need for rigorous evaluation before greenlighting a spot bitcoin ETF. Meanwhile, the crypto community continues to await a historic decision that could potentially transform the landscape of crypto investments.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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