Crypto trading platform Zignaly is introducing 'ZIGBids,' a new DeFi Experience that aims to disrupt the DeFi Auctioning landscape. This next generation of decentralized finance (DeFi) auctions is powered by the Polygon chain and Zignaly's ZIG Coin.
ZIGBids will streamline the entire auction process, be it a whitelist distribution, high-value giveaways, a guaranteed slot at ZIGPad, a mystery box with top coins & NFTs, or anything else.
Simply put, with ZIGBids, Zignaly is empowering users to place bids & secure access to their favorite crypto offerings. This is a big deal as the process eliminates the luck factor and puts the participants in control of their fate.
This latest product launch comes after the platform introduced 'Zignaly Raffles,' which presented its users with another way to earn passive income. The raffle garnered tremendous support from the community, with thousands of entries and over 30 raffles being held.
Following the success of 'Zignaly Raffles,' the team is now leveraging the untapped potential of this concept to shape the future of the DeFi auction experience and make headway into the promising NFT market worth $20 billion.
Powered by Scalable & Robust Chain
ZIG-based DeFi auctions are powered by the Polygon chain, which has kind of become the go-to blockchain development platform for Web3 projects. Polygon's growing suite of products gives developers easy access to multiple scaling solutions, including L2, sidechains, hybrid, stand-alone, enterprise chains, and data availability.
Polygon's ability to offer fast and cheaper transactions, which is helping it become the go-to choice for Web3 covering DeFi, GameFi, and NFTs, is what propelled Zignaly to go with Polygon, according to Zignaly CEO and co-founder Bartolome R. Bordallo.
Already being used by 37,000+ dApps, Polygon will now power 'ZIGBids,' a move that will strengthen both the Zignaly and Polygon ecosystems.
To get started with 'ZIGBids,' users have to connect their ZIG-funded Polygon Metamask wallet to ZIGBids, transfer their tokens, and just start bidding on their favorite collections at a negligible raise in ZIG per bid.
The native cryptocurrency ZIG Coin empowers the entire ecosystem of Zignaly. It is available on centralized exchanges like Huobi Global, Gate.io, MEXC Global, and AscendEX, as well as popular DEXs including Uniswap, PancakeSwap, ShibaSwap, SushiSwap, QuickSwap, ApeSwap, and Vault Finance.
As a utility token, ZIG is used to pay for services on the platform, pay success fees with discounts, receive 15% trading fee cashback, and participate in the Zignaly Vault, which rewards users in ZIG and other coins from external collaborations.
What is Zignaly?
Zignaly is a robust automated trading platform with a profit-sharing feature.
Founded in 2018, it has since grown to become a well-known platform with over 430,000 registered users. The platform handles $5.6 billion in trading volume and holds $125 million in assets under management (AUM).
Built for both beginners and advanced traders, Zignaly follows a win/win profit-sharing model that connects regular crypto investors with the world's top fund managers and proven expert traders.
Besides expert-managed and passive crypto investing, Zignaly has multiple other offerings, including full-fledged portfolio management services, staking vaults, IDO participation via the ZIGPad, NFT raffles, and a cross-chain Bridge solution.
A Great Proposition for Partners
Zignaly has created strong partnerships with some of the big names in the crypto sector such as Binance, BitMEX, AscendEX, Sheesha Finance, Apeswap, Cybavo, News Crypto, and Polygon Studios to accelerate the integration of the ZIG Coin into the Zignaly ecosystem. Now, 'ZIGBid' will further aid in this mission of ZIG's mass adoption and the overall cross-communities ecosystem growth.
ZIG Coin will be at the core of 'ZIGBids,' giving ZIG holders access to many juicy opportunities.
Calling it a "compelling proposition" for its existing and potential partners, Zignaly will auction off any and everything for its partners. ZIGBids is not confined to a single asset class either. Instead, the projects will be able to run auctions in anything crypto, for everything from a guaranteed IDO slot, pre-minted NFTs, and whitelist slots to your NFT collections, giveaways, and much more.
"With a strong proposition for Zignaly partners and users, it's only a matter of time before Zignaly becomes a melting pot of several different crypto communities," said the team.
