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$ZAP @ZapProtocol
"Zap is like Ethereum, Chainlink and Uniswap combined, allowing for the tokenization of anything, including the oracles themselves, while offering decentralized, liquid markets."
This is a thread explaining how Zap is a unique competitor to Chainlink.
"Zap is like Ethereum, Chainlink and Uniswap combined, allowing for the tokenization of anything, including the oracles themselves, while offering decentralized, liquid markets."
This is a thread explaining how Zap is a unique competitor to Chainlink.
Zap protocol offers tokenization, like Ethereum, an entire oracle framework, like Chainlink, and bonding curve marketplaces, like Uniswap.
Coingecko and Zap Protocol entered into a partnership earlier this year. The first IOO (Initial Oracle Offering) in Zap protocol will be Coingecko
What is an IOO? An Initial Oracle Offering. The ability for anyone to invest in any oracle directly. This sets the stage for a whole new dimension in speculative crypto investing, and might attract swarms of investors from other oracle protocols.
Theoretically, even other protocols oracle endpoints could be imported and tokenized. This could potentially open up speculation markets on individual oracles from other protocols as well.
Zap unique tokenized oracle market could potentially pull in new liquidity from speculators and incentivize a lot of high quality data providers to launch their own token. Coingecko may be the first one of many.
Will speculators miss out on buying Coingecko tokenized oracle? Imagine all kind of data providers oracle tokens launching on Zap and being traded on Uniswap.
I took the main ideas from this medium post and added some of my thoughts, make sure to check this source: https://medium.com/@ZapUnofficial/trading-oracles-initial-oracle-offerings-with-zap-protocol-2b4349e61afa
My first mention of this project was when it had a 500k marketcap, it's now at 40M. DYOR as always.
