ZeroSwap

Walletreum
2 min readNov 6, 2020

Zero Swap is a solution to the problem of high gas fees in the congested and expensive Ethereum network solutions, such as Uniswap or 1Inch. While using Zero Swap, users can take advantage of zero fees to exchange cryptocurrencies on the website; it is fast and transparent in terms of its transactions and allows instant swaps between any cryptocurrency assets available on the Walletreum platform. Zero Swap is an internal swap feature that allows users to quickly and easily swap their cryptocurrency assets without paying transaction costs. Users generally have to spend in high amounts when, for example, the Ethereum network is congested. Fees for tiny transactions at the peak, hitting even over $100 per transaction.

The problem of most other swapping platforms is that they only support swapping between ERC-20 tokens. The gas fees can get ridiculously high during congestion of the blockchain, such as the Ethereum network. Walletreum offers a solution for swapping between multiple chains, known as cross-chain swapping, as well as zero costs for the fees of swapping.

Walletreum’s Zero Swap will offer BTC, ETH, BNB, EOS, WALT, and USDT initially, and will be shortly offering DAI and LINK, by the end of November, and will continue to add many new assets in the future. Zero Swap will have an Order History section, where it will be easy to track one’s transactions, with a straightforward and simple User Interface to Buy and Sell cryptos.

Users can swap their assets within the platform, with the price updates being updated continuously by multiple oracles. The swaps happen in internal pools on the platform, with virtual asset-backed tokens. If one wants to have many transactions, for example, for arbitrage or trading, Walletreum saves a massive amount in gas fees for a high number of swaps, whether with large volume or small volume users. Regardless of the amount you are swapping, the fees are at zero cost, which is a significant advantage for many reasons for investors and traders alike.

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