Zibby: A new way of trading in web 3.0

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Indexes
  1. DEX aggregation
  2. Charting
  3. Tax detection
  4. NFT management
  5. Portfolio tracking
  6. Transaction tracking
  7. Multiple wallet connectivity
  8. Tokenomics
  9. Fees
  10. Incentive mechanisms
  11. Q3 2022: Token launch
  12. Q4 2022: Zibby dApp
  13. Q1 2023: Expanding to CEXs
  14. Q2 2023: Expanding networks

Abstract

Despite the increasing number of people trading cryptocurrencies, the process of doing it on DEX still remains inefficient. One of the main reasons why, is that DEX trading is still too complex. It requires a lot of time and effort to track transactions and manage your portfolio. Another issue with DEXs is that they have not been introduced to the type of trading that is commonly conducted on CEXs. With the tools that are available on the DEX market, investors still make losses when they trade. For instance, they don’t know what taxes are being imposed on them or not being able to buy and sell at the desired price. And yet there is still no single platform that can help them manage their DEX trading activities.

Through the platform known as Zibby, -which is a decentralized exchange aggregator- we aim to provide a revolutionary solution for DEX traders by making it easier for them to manage their trading activities and giving them advanced trading possibilities. It eliminates the complexity of DEX trading and provides a complete end-to-end solution for all of their trading needs, on a platform that simplifies and adds new aspects to DEX trading, portfolio and NFT management powered by the ZIB token.

Difficulties

There are more users on the CEXs than on the DEXs but the latter is expected to eventually overtake the former when it reaches its full potential. DEXs are built on the main shortcoming of the CEXs. There are still many issues that need to be resolved in order for them to achieve this full potential. DEX traders face difficulties every day and yet there is little to no improvement, which even leads to people refraining from trading on it. These difficulties can be divided in the following categories:

Lack of advanced trading possibilities

One of the main issues that can prevent a trader from making a successful trade on the DEX is the lack of trading possibilities. This is because market order is the only type of order that can be used. Aside from this, the lack of effective tools for making multiple types of trades is also a major issue that needs to be resolved in order to improve the efficiency of the trading process. Offering advanced trading tools will be a critical solution in today’s DEX trading.

Unclear overview of trading activities

Keeping a track of your activities is difficult, and without good information, a trader makes unnecessary mistakes, which leads to bad trades. Many of theses mistakes can be prevented, if the trader had a proper overview of all the information that is important. In order to have succesful trades there are things that are important to know, like: price tracking, taxes, spent token amount, gas fee and most important of all is, time. One has to do his or her own estimates of their PnL in today’s market while all it can be done easily on the CEX.

Safety issues

Developers can easily launch their token on a DEX. That’s why there are countless of tokens available to buy on a DEX, way more than a centralized exchange. This eliminates the need for them to follow certain requirements and allows them to launch their token without restrictions. With the increasing token that are being launched daily, there have been a lot of fraudulent tokens with it. One should always be careful when investing in projects, as there are potential risks involved. Having an extra safety net would help minimize the amount of people getting scammed or rug-pulled or buying a token that is a honeypot.

Introducing Zibby as solution

Despite the various advantages of DEX trading, it is still lacking features that make it more user-friendly. With the goal of simplifying the process of trading on DEXs, the team at Zibby is working on developing a platform that will provide traders with the necessary tools and resources to succeed. Zibby as the solution is realized through the following ecosystem:

ZIBBY PLATFORM: An easy to use interface with a variety of trading possibilities and relevant tracking and exploring information.

ZIB TOKEN: A utility token used in the platform, with a payment and staking system for long and short term holders. This is elaborated further in this Medium.

Trading on Zibby

Zibby’s platform will feature various tools that will allow traders to make more profitable and make better strategic decisions. These tools will allow them to increase their chances of succeeding. Currently, many dApps that offer advanced DEX trading methods are not very efficient. With the help of Zibby’s features, traders will be able to easily implement the features to their methods

Limit orders

A limit order is an order to buy or sell a token with a restriction on the maximum price to be paid or minimum price to be received. If the order is executed (which is not guaranteed) it will fill at the specified price or better. This trading tool allows traders to buy or sell a token at a predetermined price level. The limit order stays active even when you are not connected to your wallet.

Market orders

A market order is an order to buy or sell a token at the market’s current best available price. Like we currently know at DEX trading.

Stop loss order

A stop-loss order is an order placed to sell a specific token once it reaches a certain price. Zibby will automatically sell your token at the price where the trader has put the limit. A stop-loss is designed to limit an investor’s loss on his/her position.

Multi buy

Some contracts have an maximum buy value per transaction. This is in order to prevent whales in or a big pump after one buy. But some really desire a higher amount of that particular token. To do this the trader has to manually place orders one after another to reach that amount, which affects the trading convenience in the volatile crypto market.

Zibby automated this repetitive order making process with a single press on the button by configuring this in the settings.

Before making an order. The user is able to set slippage (or enable auto-slippage) and all the other settings in the dashboard before the purchase, which gives the user full control.

DEX aggregation

Through the dashboard of Zibby, users can easily multi-DEX on the network they choose. This means that Zibby reroutes the customers’ trade through a several DEXs to ensure that they’re getting the best possible price. With this DEX aggregation the trader has the possibility to trade fast and as cheap as possible on a specific chain.

Charting

Traders can perform technical analysis without limits on every DEX token from various networks. The selected charts are saved whenever you disconnect or switch from the network for having the best analysis experience on Zibby. With the help of Tradingview’s powerful charts, users can perform various types of technical analysis without having to limit their exposure to different networks. The dashboard features multiple charts in one view, and users can create their own unique layout for the best user experience. Within the charting section, all the information needed is available in a quick overview like: marketcap, liquidity, 24H volume, your balance and even the total amount of holders.

The dashboard of Zibby allows users to connect to various networks through its various chains. When they switch from one network to another, the connected wallet will follow.

Tax detection

There are a lot of new developments in the smart contracts world, and one of these is the addition of tax. This feature will allow users to get an estimate of how much tax they will pay when they buy or sell their tokens. Before a trade is executed, the user will be able to visualize how much tax they will pay and how they will get net from the transaction.

NFT management

The dashboard of Zibby introduces a novel approach to enjoy the excitement of having and holding a NFT. If the user holds a NFT in the wallet, Zibby automatically displays it in the NFT section. The users have full control of which NFT they want to display. This is a new way of presenting and collecting art.

Also Zibby will track the current prices and all the other information of the NFT you holding. The prices will be displayed in the same section where you manage your NFT wallet.

Blockchain exploration of Zibby

A blockchain explorer is a database that contains information about the blockchain. It can be used to track transactions, look for more accurate information, and explore more useful data. In DEX trading, one has to go through the explorer to find what he or she is looking for. Unfortunately, one has to decipher the explorer to find what they are looking for.

Portfolio tracking

The dashboard of Zibby allows users to keep track of their DeFi tokens and transactions. Through live tracking, they can easily see how their assets are performing on various chains. The dashboard’s interface is designed to make it easier for users to find and manage their assets. The portfolio that is presented is based on the user’s current network chain were they trading on

Transaction tracking

The goal of the dashboard is to make it easier for users to track their transactions and keep track of their PnL. With the help of the multiple charts and diagrams that are featured in the dashboard, users can easily visualize their transactions and their PnL. Having a record of all of your transactions is the best way to keep track of all of your assets and to strategize for the future.

Multiple wallet connectivity

With the help of the Zibby dashboard, users can easily connect multiple wallets to trade from. The simple switch between networks allows users to keep track of their transactions and keep them running smoothly. After connecting to multiple wallets, the savings saved in the connected wallets remain intact even after the user closes the dashboard

Token utility

Traders can access the features and tools of the DeFi without any restrictions or tiers. We believe that everyone should have the opportunity to use the platform. Zibby maintains the incentive of holding the token by other means.

ZIB Balance

The ZIB token can be used to pay fees for various services in the dashboard, such as the the trading tools. It has to be deposited into the ZIB balance. The balance is from which the fees are paid. At the same time, this balance receives yield from the redistributed tokens of the tax per transaction and trading fees.. This means that the balance of the ZIB is not just for paying fees, but also for rewarding those who deposited it and uses the dashboard.

Governance

The ZIB community is very important to the development of the platform. In order to gather feedback on the changes that are proposed, there will be polls on the website. Their individual ZIB holdings will weigh their votes and proposals.

Tokenomics & distribution

Tokenomics

Zibby has a maximum total supply of 100.000.000 tokens. The token is deflationary and decreases in total supply by burning with each transaction through tax and fees. This tax is 6% for buy and 10% for sell.

Buy transaction 6%:

  • 3% is send to the marketing wallet for marketing purposes.
  • 3% is send to the development wallet for building the project Zibby.

Sell transaction 10%:

  • 2% is redistributed to all holders of Zibby.
  • 1% is burned automatically.
  • 1% is added to the liquidity.
  • 3% is send to the marketing wallet for marketing purposes.
  • 3% is send to the development wallet for building the project Zibby.

Fees

Zibby charges two type of fees which are used for buybacks, burning, redistribution to holders and the maintenance of the project:

Fee type 1: This fee is charged over the value of each transaction and is paid in the network’s native currency. Total fee: 0.25%

Fee type 2: This fee is charged for the usage of the advanced trading tools. It is calculated over the value of the transaction and paid in ZIB tokens.

The fee is distributed in the following way: 30% of the fee — Converted to the network’s native currency and sent to the Zibby treasury. 40% of the fee — Converted to the network’s native currency and sent to the marketing wallet. 30% of the fee — Distributed to all existing stakers in the form of a fee reward.

The fee differs per trading tool: Market order free Limit order 0.5% Stop loss order 0.5%

Incentive mechanisms

The Zibby team expands the project together with its investors. We do this through profit-sharing with the community and the stakers, but also with burns. The main reason behind this is to keep our community and the project healthy.

Roadmap

Q3 2022: Token launch

  • Private sale Apply for the private-sale to be a real Zibby and get voting rights for future developments.
  • Public round The community is granted a chance to invest in the project.
  • Token launch In the second quarter of 2022 the token is officialy launched.
  • CMC & CG listing Coinmarketcap and Coingecko listings will quickly follow.
  • Development App In the meanwhile, the development of the dApp has its kick off.

Q4 2022: Zibby dApp

  • dApp launch including audit The audited Zibby dApp is released.
  • Full scale marketing The launch of the Zibby dApp is accompanied full scale marketing.
  • ERC20 token bridge Finally, Zibby is bridged to ERC20 for a wider reach.

Q1 2023: Expanding to CEXs

  • CEX Listings Zibby is listed on various centralized exchanges to again expand Zibby’s reach. ⦿ Adding more token utilities The ZIB token inherits more utilities to further incentive investing, holding and using the assets.

Q2 2023: Expanding networks

  • Expanding to multiple blockchains Zibby is updated to support multiple network trading.

Private sale is currently open for applications with a hard cap of 150 bnb.