Facts about Zonda Global exchange
Zonda is a fully regulated cryptocurrency trading platform that has been available to users since its registration in Poland in 2014. Zonda is one of the largest digital asset investment platforms in Europe and is the first crypto exchange that got licensed with the Estonian Finance Intelligence Unit (FIU) in 2020. You may have heard about this platform under the name BitBay. However, in 2021, already after moving to Estonia, the company conducted a serious rebranding, changed its name and logo, and now is known as Zonda Global. The team consists of 70+ experts.
Currently, the Zonda ecosystem also includes such products as Zonda FIAT Exchange and Zonda Pay.
According to the information provided by Coingecko, as of October 2022, the platform’s users can get access to 58 coins that are currently available in 198 trading pairs.
How to list your token on Zonda
The Zonda team always attentively analyzes each token project before welcoming it on their platform. To conduct careful research they need to get detailed information from project teams to estimate the feasibility of listing their coins.
To make a decision on that, Zonda considers such data as coin market cap, project’s whitepaper, source code, and token technical parameters. Also, if you are interested in listing on Zonda, you will be asked to share your plans for future project development and the strategy that you apply for solving non-technical and technical issues related to your coin.
For the convenience of teams who want to submit their applications, Zonda provides a standardized form that can be filled in online on their official website. Submitted tokens will be presented for community voting. Those projects that will get the most votes will have the possibility to be listed on the platform fully for free. Moreover, Zonda promises to provide full-scale promotional support to attract the attention of its users to the newly listed coins.
Zonda’s score metrics
When choosing a platform for your token’s listing, it is important to check its reputation and general rank in comparison to other exchanges. A good choice is to check how CoinGecko, CoinMarketCap, and Nomics rate the exchange.
CoinGecko uses Trust Score, a rating algorithm evaluating the legitimacy of an exchange’s trading volume. Trust Score is calculated on a range of metrics such as liquidity, the scale of operations, cybersecurity score, and more. Zonda Global’s Trust Score is 5.
CoinMarketCap’s Exchange Score is based on the following factors:
- Web Traffic
- Average Liquidity & Volume
- the Confidence that the volume reported by an exchange is legitimate. Weights are assigned to the above-mentioned factors and a score from 0.0 to 10.0 is given to the Spot Exchange.
Zonda’s Exchange Score is 2.8.
Listing on Zonda with our help
We can support you on your way to Zonda listing and help you manage the liquidity on the platform. The usual process looks like this:
- We set up a call to understand the phase of your project. The following points will be discussed:
- Are you already listed on DEXes or CEXes?
- What is the tokenomy of your project?
- Do you have a listing strategy for your digital currency?
- We discuss the best possible liquidity strategy for your project.
- If we agree to set up a partnership, we introduce you to verified managers of one or more exchanges (listing support).
- After your project gets listed on a trading platform, we help you build your markets on platforms using our tools and services.
Do I need a market maker on Zonda at all?
Good exchanges, like Zonda, expect that you come with a market maker when applying for listing.
Managing a token startup is a real challenge. As a cryptocurrency project, you need to focus on building your products and services and get your liquidity powered by market makers.
A market maker will help you:
- deepen the liquidity on your token’s books and make them more stable – which helps mitigate the price fluctuations of your coin
- lower spreads between bids and asks so that the prices get fairer for investors; that reduces the cost of entering and exiting positions and encourages investors to trade your coin
In the 24/7 cryptocurrency markets, well-managed assets are supported by algorithmic market makers. They provide liquidity through their market-making services, supported by fully automated software algorithms. Empirica’s liquidity products are reputable top-notch algorithmic market making solutions.
REACH US TO DISCUSS THE LISTINGS AND BUILDING THE LIQUIDITY OF YOUR MARKETS
WHERE IS ZONDA LOCATED?
Zonda started its way into the industry as a small Polish cryptocurrency exchange. But in 2019, it moved to Tallin, Estonia, where it is currently registered.
WHAT IS ZONDA’S DAILY TRADING VOLUME?
According to Coingecko, as of October 12, 2022, the daily trading volume on Zonda was $1,296,656.
IN WHAT COUNTRIES IS ZONDA AVAILABLE?
Zonda is mainly available in EU countries and also in some other regions. However, the exchange clearly states on its website that its services are not available to residents of countries that do not cooperate in anti-money laundering activities, that support terrorist activities, and those that are not acceptable for legal reasons.
WHAT IS TOKEN LIQUIDITY?
This term refers to the ease with which tokens can be swapped for other assets (other crypto assets or government-issued fiat currencies).
WHO ARE MARKET MAKERS?
A market maker is a company or individual that regularly buys and sells financial assets at a publicly quoted price to provide liquidity to the financial or digital asset markets. Their role is to satisfy market demand. Market making is also used as a profit-generation trading strategy by hedge funds.