We’re building the New Zioncoins Zig3 v3 platform, or you could say Zig3-Soroswap dapp which utilities PaltoLabs Soroswap dapp the stellar protocol 20 and 21 for Turing complete smart contracts and passkey Transaction signing.
What does that mean for Zioncoins?
This means Zioncoins will be able to offer a more decentralised platform, using Stellar and Soroban for greater interoperability bridging from Stellar to other blockchains all with services such as:
- Passkey Wallet
- Zi Airdrop
- Referral Rewards
- Staking
- Atomic Swap
- Liquidity pools
- Bridging
- Open source for all to use.
- On /off fiat ramps with Banxa
Zig3 V3 Soroban Passkeys ID Defi Smart Wallet
We plan to Lunch the new Zioncoins Zig3 v3 passkey ID Smart wallet within the next 3 months. It’s not set in stone, there are a number of considerations but for the most part we hope to have a fully functional beta version of zig3 v3.
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The What’s, Why’s & How’s?
Why are we using PaltoLabs Soroswap dapp?
1. Decentralized Liquidity Pool (AMM) Functionality:
– Soroswap provides an Automated Market Maker (AMM) system, which is crucial for enabling token swaps within your DApp. This allows users to exchange tokens directly from your in our dapp without needing to navigate to an external exchange.
2. Full-Stack Implementation:
– Soroswap is a full-stack implementation, meaning it covers both the smart contract backend and the user interface frontend. This saves development time and resources for our team as we can leverage a pre-built, tested system.
3. User Experience:
– The integration of Soroswap with next.js/React.js suggests a focus on creating a smooth user interface. A well-designed UI can significantly enhance user interaction with our DApp, potentially increasing user retention and satisfaction.
4. Community and Open Source Benefits:
– Since Soroswap is open-source, we can benefit from community contributions, bug fixes, and enhancements. This can lead to a more robust, secure, and feature-rich platform over time due to collective input from the developer community.
5. Scalability and Performance:
– By using Soroswap, you’re leveraging technology already optimized for performance, particularly if it’s tailored for the Soroban network. This could mean better scalability for our DApp, especially if we’re looking to handle a high volume of transactions.
6. Deployment and Testing Scripts:
– Soroswap’s repository includes scripts for deploying and initializing smart contracts. This can streamline the process of setting up our DApp’s trading functionality, reducing the complexity of deployment on blockchain networks.
7. Security and Trust:
– Utilizing a well-vetted and audited DApp like Soroswap might enhance the security of our platform. Smart contracts are immutable once deployed, so starting with a trusted base can mitigate risks associated with writing entirely new contracts.
8. Inspiration from Existing Projects:
– Soroswap draws inspiration from established projects like Uniswap, which implies it might incorporate best practices and proven methodologies from successful DeFi protocols.
9. Accessibility to Blockchain Technology:
– For users or developers new to blockchain, using a platform like Soroswap can lower the entry barrier by providing a familiar frontend experience while still offering the benefits of blockchain technology like transparency, security, and decentralization.
10. Interoperability with Soroban Network:
– If our DApp is or will be integrated with the Soroban network, using Soroswap ensures compatibility and can facilitate easier interactions within this ecosystem.
11. Interoperability with Soroban Network:
We have listed our token on Soroswap, which means it will be available on Zig3 v3 also.
By leveraging Soroswap, we can focus on the unique aspects of our DApp
- Passkey Smart Wallet
- Zi Airdrop Playground
- Referral Rewards via Soroban smart contracts
- Staking via Soroban Smart contracts
- On /off fiat ramps with Banxa
while using a proven solution for token trading, potentially leading to a quicker time to market, reduced development costs, and a more polished user experience. However, we will still need to ensure compatibility with your specific requirements and conduct thorough testing and audits to align with our project’s security standards.
So thank you Paltolab and was Great meerting you guys at Meridian 2024.
So How will Zig3 V3 Benefit the Stellar Eco system if Soroswap already exists?
The integration of Zig3 v3 into the Stellar ecosystem, particularly with Soroswap, can offer several benefits to the Stellar community and contribute positively to its ecosystem:
Expanding the Ecosystem:
1. Diversification of Services:
– Zig3 v3 adds another DApp to the Stellar ecosystem, bringing new services like passkey wallets, advanced staking, and airdrop functionalities. This diversification can attract users with different interests or needs, thus broadening the overall appeal of the Stellar network.
2. Increased Liquidity:
– By introducing more DApps that utilize Soroswap’s liquidity pools, Zig3 v3 can help in increasing the liquidity within the Stellar ecosystem. More DApps mean more users potentially adding to liquidity pools, which benefits all participants.
Enhancing User Experience:
3. Improved Onboarding:
– The passkey wallet feature simplifies the user experience, particularly for new users. This could lead to an influx of new users into the Stellar ecosystem, as the complexity of managing private keys is significantly reduced.
4. User Engagement and Retention:
– Through its rewards system, Zig3 v3 encourages user activity and retention within the Stellar network. Features like airdrops and referral rewards keep users engaged, which is beneficial for the health of any blockchain ecosystem.
Technical and Security Advancements:
5. Security Enhancements:
– The use of passkey for transaction signing not only improves user experience but might set a standard for security practices within the Stellar ecosystem. This could encourage other developers to adopt or improve upon similar security measures.
6. Innovation in Smart Contract Use:
– By showcasing new uses for Soroban contracts (like referral rewards, staking), Zig3 v3 can inspire other developers to explore and innovate with smart contract capabilities on Stellar, potentially leading to more sophisticated DApps.
Community and Developer Benefits:
7. Open Source Contributions:
– As an open-source project, Zig3 v3 can attract developers who might contribute to its codebase or use its architecture as a reference for their projects. This can lead to a more robust development community around Stellar.
8. Interoperability Demonstration:
– By leveraging Soroswap for token swaps and integrating with other blockchains, Zig3 v3 serves as a practical example of how interoperability can be achieved, encouraging similar projects within Stellar.
Market and Adoption:
9. Increased Visibility for Stellar:
– Every new application or innovation on Stellar helps in marketing the network’s capabilities. Zig3 v3 could draw attention to Stellar from those outside the ecosystem, potentially increasing adoption.
10. Educational Value:
– For users and developers, Zig3 v3 acts as an educational tool, demonstrating how to build on Stellar and Soroban with practical applications. This educational aspect can lead to more informed and skilled participants in the ecosystem.
Economic Activity:
11. Economic Stimulus:
– Introducing new ways to earn or use Stellar assets through Zig3 v3 can stimulate economic activity within the network, encouraging more transactions and thus more fee generation for the network.
In essence, while Soroswap provides a foundational DEX service, Zig3 v3 builds upon this infrastructure to offer a suite of additional features, potentially enhancing the ecosystem’s utility, security, user base, and overall value proposition. This synergy can lead to a more vibrant and versatile Stellar ecosystem where multiple DApps coexist, each contributing uniquely to the network’s growth and functionality.
What Problem and We try g to Solve?
Initially, our market research has shown the significant need Of adoption for Pass key smart wallets. We’ve collected evidence From various resources Suggesting that passkeys is a great innovation for dapps And wallets alike.
The issue for On Boarding The Next 400 Million New Users
Why passkeys is important for On Boarding The Next 400 Million New Users. Remember, not your keys, not your Crypto. Gives a free and easy to use Way To introduce new users into Crypto Without the cognitive complexity of traditional Crypto on boarding saving new users time and money.
In our pitch deck we cover:
- The Problems With Crypto wallets
- The Solution for Crypto Wallets
- New User Acquisition with Rewards & Continuous progression
- Market Research with Research Sources.
Want to Know How? check out Our Pitch Deck, Vote & Invest in Us
