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Friday, September 30, 2022

What Is ZigZag (ZZ)? Complete Guide & Review About ZigZag

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What Is ZigZag (ZZ)?

ZigZag is a native, easy-to-use, reliable, fully secure and low fee Decentralized Exchange built on ZK Rollups. This is a decentralized non-custodial order book exchange, powered by zk-rollups. This allows users to seamlessly and securely trade with near-zero fees all while providing centralized exchange like quotes on all size trades. They also aim to provide the flawless functionality, experience and optimal liquidity centralized exchanges do all while being fully decentralized.

Important Points Table Of ZigZag

BasicPoints
Coin NameZigZag
Short NameZZ
Total Supply100,000,000
ExplorerClick Here To View
DocumentationView Document
WebsiteClick Here To Visit

How to Buy the Continental & Trade On Exchange?

First Step

Buying ZZ Is Very Easy Task . Just Find Exchange Where ZZ Available & Buy Through Your Credit & Other Altcoin .

Second Step

Once You Purchased ZZ . Now It Is Time To Store Your ZZ Or Start Trading On Exchange .

ZZ Price Live Data

The live ZigZag price today is $2.23 USD with a 24-hour trading volume of not available. We update ZZ to USD price in real-time. This is down 23.85% in the last 24 hours. The current CoinMarketCap ranking is #9924, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 ZZ coins.

If you would like to know where to buy ZigZag at the current rate, the top cryptocurrency exchange for trading in stock is currently. You can find others listed on crypto exchanges page.

Fees

In short, users pay zkSync network fees for swaps (as found in tx on zkscan or on https://l2fees.info/) This fee is around $0.50. Bridge fees depend on Ethereum mainnet gas, except for fast withdrawals. To explain this in more detail, we see 5 possible fee types people could have questions about.

Swap fees

ZigZag uses dynamic fees: users pay the current zkSync network fee for swaps. On zkSync the network fees depend on the network activity and on L1 gas. With more activity on zkSync, swap fees will go down. Thus, swap fees will lower overtime.

On ZigZag swap fees are paid with the token you’re trading. You don’t need ETH for swap fees for example. If you bridge over DAI to zkSync, you can trade DAI for ETH and pay the gas fee with your DAI.

Trading fees

They do not charge any additional trading fees.

Gas fees while (fast withdraw) bridging

When bridging from Ethereum mainnet (L1) to zkSync (L2) or from L2 back to L1 you will need to pay a gas fee. This gas fee depends on L1 gas and has nothing to do with zkSync or ZigZag. Be sure check the current gas on Ethereum to pick a good moment and save money when bridging.

When bridging back from zkSync to Ethereum the gas fee is shown in the sign message. Read it carefully.

Bridge fee

There is no extra fee while using our bridge UI that taps into zkSync’s smart contract, as seen on our bridge page. Withdrawals however can take from 10 minutes to 7 hours depending on zkSync’s network activity.

Fast Withdraw bridge fee

When withdrawing from zkSync L2 back to Ethereum mainnet L1 you will pay a gas fee as stated before, but we are charging a 0.5x fee on top of that. For example: if gas fees are $30, we charge an additional $15.

ZK Rollups

ZK-Rollups are one of the options being developed for layer 2 construction to increase the scalability of Ethereum. All funds are held by a smart contract on the mainchain, while computation and storage are performed off-chain. The main idea is that instead of verifying each transaction separately, transactions are “rolled up” to a single item (the rollup block), which is then being verified, approving all them simultaneously.

How can start using ZigZag ?

To start using ZigZag, you will first have to connect your Web3 wallet to our application. You’ll then have to bridge funds over and activate your zkSync account, this includes a one-time transaction of roughly ~10$. To do so head over to ZigZag Bridge or zkSync bridge.

Nonce Mismatch

Occasionally a ‘nonce mismatch’ error can come up when placing an order, resulting in a rejected order. This does not result in deducted gas or trading fees. Simply place the order again.

Trading pairs not loading

If your trading pairs are not loading/visible, simply refresh the page. This issue may occur if you’re not able to connect to the backend.

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