Could this at long last be the crypto project
we've been waiting for? That’s what some people are saying
that are in know. Imagine a world, where you can trade crypto
on Uniswap with absolutely zero gas fees. I bet that probably got your attention. Especially if you are a true Uniswap degen
looking to profit on quick flips. Find out today why this project
has big moon potential and could possibly become
the main hub of decentralized finance. Let's get it. Welcome to BitBoy Crypto! My name is Ben. Everyday, I show you how to make money in cryptocurrency. If you like money, then make sure to hit that Subscribe button.
Today, we're going to be taking a look at
a project that has massive potential. But if you want to find many of the moonshot picks
that my research team is looking at at all times, along with leverage trading advice
and great conversation, make sure to check out the BitBoy Lab on Discord. It's only 29 bucks per month, or $99 per month for VIP access. To get signed up, make sure to visit
discord.bitboy.live. Now, today's project is Zeedex. And it is trying to solve one of the deepest thorns
in the sides of traders everywhere— extremely high Ethereum gas fees. Of course, the dirty little secret of those gas fees
is that not only are they expensive, but they signal slow confirmation time,
which, in my opinion, is even worse. You can miss out on big profits because of it. If at any point, you want to find out more about
Zeedex, you can do that by visiting zeedex.io.
I think if you watch this entire video, which, by the way, will include a tutorial at the end, you're going to see why this project
should definitely be one on your radar. I was pretty impressed at the testnet, which I was given private
and exclusive access to try. Of course, thank you to Zeedex for giving me
the scoop and sponsoring this video. So, what exactly is Zeedex? Well, as the case for many projects
and platforms out there, there are two separate aspects here. First, we have the decentralized exchange. Second, we have the token itself.
The token of Zeedex is ZDEX. I know it was a little confusing. The ticker symbol of the token is ZDEX
and the exchange is Zeedex. The exchange itself is what is known
as a hybrid decentralized exchange. The reason why it is technically considered to be a hybrid DEX is because Zeedex is not totally an open listing site such as Uniswap. This, of course, is what allows Uniswap
to be covered up with scammers and rug pullers. It's so decentralized, anyone can do it. And I also think, by the way, there is a larger conversation here to be had about
centralization's flaws versus decentralization's flaws, but that's for another video. But when it comes to getting listed on Zeedex, there is a process.
Projects looking to get listed must fill out
a listing request form. At that point, it is up to Zeedex
to decide to list the project or not. This helps weed out the possible rug pull
and exit scammers. This is definitely a benefit to users
I think everyone can see. Something really interesting about this project is
it's actually a fork from Hydro Protocol or HOT. Not to be confused with Holochain,
also going by the ticker HOT. But we've covered Hydro Protocol
before on the channel and there's a lot to like about it. So, as a fork of hydro protocol, I think
Zeedex already has some distinct advantages. In addition to just being a DEX, Zeedex also has some killer features, such as interchain trading, an IEO launching service, staking and much more. And speaking of staking, it won't just be staking the ZDEX token. As many exchanges are exploring
how to achieve staking for projects, Zeedex will be supporting staking
for multiple projects. And this staking will be done on-chain, which is big. Basically, projects available on Zeedex will be able
to create and launch their own staking events on the platform.
The main two competitors to Zeedex are, of course,
Uniswap, but also another hybrid exchange IDEX. When it comes to Uniswap, the difference
should be obvious because it's so glaringly huge. We already talked about the listing differences, but the other major difference is that,
with Zeedex, you aren't paying expensive gas fees. That's big! But also, you can do limit orders
without a second layer Uniswap solution. And I know this sounds crazy, but you also
don't need liquidity to trade with Zeedex. They handle the back-end of the trades for you. When it comes to IDEX,
Zeedex has them beat by a mile. You don't have to deposit or withdraw in Zeedex
because your funds are going to stay in your wallet. IDEX has $5,000 per day limit on withdrawals, which may sound like a lot to some people, but it's only a third of a Bitcoin right now. So, let's chat about the token itself for a bit. I know you guys prefer utility over speculation.
So this one's for you. The ZDEX token has tons of utility built in. The most obvious and useful utility
is getting a reduction of fees. This is a model that has worked
for exchange tokens pretty much universally. The token will have additional utility when it comes
to the IEO launching aspect of the project. I assume you'll be able to purchase the IEOs
with the ZDEX token itself. Big highlight of this project is staking. So you can bet your bottom staking token
that ZDEX will have utility there as well. The token also has an extremely low market cap
of around $650,000 at the time of this recording. And there's a lot of room to grow. Considering the fact it is on
the Binance Smart Chain or BSC network, along with the coming launch of ETH 2.0, this could be a moonshot for sure. But ZDEX is not constricted
to the Binance Smart Chain.
While Zeedex does launch
on the 15th this month on the BSC, it's going to be launching on additional chains
as well, including Polkadot and ETH 2.0. Now, maybe you're starting to understand
the scale of this project. But don't take my word for it. Let's check it out ourselves with my exclusive
inside access to the Zeedex testnet. I'm special.
Alright, guys. So here I am on Zeedex. I know you guys can see
the only market we have here, we've got ZDEX, WBNB and USDT. WBNB is Wrapped Binance Coin. So, we're going to show you guys
how you would wrap those on here. Unfortunately, I'm having some issues
as I'm on the Binance Smart Chain testnet. I'm having some problems with
getting Ethereum in there for the gas fees, so we'll not be actually able
to completely complete the transaction. But also, guys, you can see here,
it says I'm on the wrong network. I'm not on the wrong network. That's just kind of a glitch there. I think because I'm on this specific URL
they gave me. But once you hook up
your MetaMask here to Zeedex, you will see, if you're connected,
it has a checkmark right there with a blue circle. Okay? Now, if I hit Connect, it's not going to do anything
because I'm already connected, so– That's why I said it's a little confusing
because I think this just isn't supposed to be there.
So here, you can– look over here,
you can see your buy and sells. This is important because this is your limit orders. You can do limit orders here without needing
something like UniTrade for Uniswap. You can do them right through here
through the site. Now, this is where all the market information
is going to be displayed obviously. As you can see, you've got the order books here
that show you where everything is being– you know, bought or sold. You can buy WBNB right here. With the buy orders or the sell orders, you have limits you don't have market. I mean, it's really hard to do a market
with a decentralized exchange. So, over here is your wallet
in the bottom right hand corner if we look. And this is where you wrap and unwrap tokens. You wrap and unwrap Wrapped BNB,
Wrapped Binance Coin, the same way that you would wrap
or unwrap Ethereum or even Bitcoin. There's Wrapped Bitcoin as well. We did a whole video on wrapped cryptocurrency. If you guys want to find that one and check it out,
it is back on the videos page.
Just search wrapped. Wrapped Like a mummy. Okay? That was lame. I'm sorry. So here, you can check your tokens inside
your wallet. You can see, I have one BNB. You can wrap or unwrap. Now, what you would do right here is just press "1", and then hit "WRAP" to wrap my lone BNB. And now, it's gonna pop up here on MetaMask, but you can see,
the amount plus the gas fee is $1.57 and I'm having a lot of problems with the gas limits
because I don't have any Ethereum in this wallet. I've tried sending it over.
I'm on the BSC testnet, having issues with it,
don't really know what the deal is. So once you actually had completed
the transaction, you just hit "Confirm". You'd sign the transaction and boom! That's how you wrap here on Zeedex.
Now, the important thing is though here, guys,
is we're just looking at this layout. I mean, as you can see,
it looks like a lot of other exchanges, but you've got to remember here,
it's a hybrid exchange, so you don't have to necessarily
have liquidity to make these trades. You can set limit orders. There's definitely a lot of stuff to like here about the utility. Now, when you wrap and unwrap,
you may have some gas fees, but when you're actually doing the trading,
you're not gonna have gas fees, and that's a huge advantage of Zeedex.
You gotta admit, that was pretty cool. Being able to trade without gas fees
is like receiving manna from heaven. Those fees and confirmation times
have cost me so much money as a trader. While I can't get those losses back, I look forward to being able to make trades without them. Who doesn't like keeping more of their own money? Let me know what you guys think
about Zeedex down below. That's all I got. Be blessed. BitBoy out..