LetsExchange, a go-to exchange platform that supports the largest number of cryptocurrencies in the market, has listed ZIL, the native utility token of the Zilliqa blockchain.
Holders can now swap this crypto asset for thousands of other coins and tokens through an easy-to-use widget on the LetsExchange’s website. Swapping ZIL is also possible through a Telegram bot, third-party platforms, and apps integrating crypto exchange functionality powered by LetsExchange.
Users swapping ZIL for other cryptocurrencies on LetsExchange have two options: market rate and fixed rate. With the market rate option, the system scans over 20 different liquidity providers to find the best possible rate at the moment of the swap. Users who prefer to avoid the unpredictable nature of the market can choose the fixed rate. This option locks in the rate at the beginning of the transaction regardless of any volatility that might happen during the swap.
Alex J., Chief Product Officer (CPO) at LetsExchange, expressed his excitement at the listing of ZIL: “Zilliqa is an OG blockchain and was 1st to market with the Sharding principle. In recent times it has experienced significant development. The introduction of Zilliqa 2.0 which moves the network to fully POS with a focus on account abstraction is an example of this development. Hence, having the ZIL listed on our platform will expand our customers' options for profitable trades.”
Zilliqa is a public, permissionless blockchain designed for speed and efficiency, capable of handling thousands of transactions per second. It tackles the common blockchain issues of scalability and speed by using sharding, a clever second-layer scaling solution. As a high-performance blockchain platform, Zilliqa is capable of scaling to meet the demands of Web3 applications at a global scale. It is the world’s first blockchain protocol to implement sharding technology, making it perfectly suited to handle the demands of data-intensive applications such as gaming. ZIL is the native utility token of the Zilliqa blockchain.
LetsExchange is the one-stop crypto exchange hub, boasting support for more than 4,800 coins and tokens – the most extensive asset selection available in the market. Users enjoy a wide range of services, including crypto-to-crypto swaps, decentralized exchange (DEX) capabilities, and on-ramp/off-ramp functions. LetsExchange offers its partners the ability to integrate crypto-to-crypto swap features via API. Additionally, DEX and Buy/Sell functionalities can be accessed through customizable crypto exchange widgets and Telegram bots.