By Kimberly Crain
The prominent crypto trading platform in the UK, Mizar, plans to release its native token, $MZR, that will be positioned on the Abritum ecosystem. The dedicated team behind the new digital asset confirmed the launch of the token on March 9.
The team argued that they utilize emerging technologies to automate transactions and provide users with a friendly copy trading platform. In addition, the Mizar team plans to invest in improving the crypto industry by providing the user with an accessible and profitable digital token.
Mizar revealed plans to become a neutral crypto trading platform. The new token will provide the user with endless opportunities to increase the digital asset’s value. As such, the trader can engage in crypto staking and other trading activity to earn measurable rewards.
Characteristic of the $MZR
The project team has revealed that the $MZR token will reduce the transaction cost by 95%. Also, the team revealed that the new token has completed the roadmap phase tests, and additional trading tools for the centralized finance (CeFi) platforms have successfully been integrated.
The March 8 report argues that the roadmap phase is crucial for completing trading transactions and necessary in exploring decentralized finance (DeFi).The team revealed that the new infrastructure deployed on the Mizar platform would enable the user to digitize their trading practices.
The development made on the copy-trading system will enable beginners to trade effortlessly. At the same time, the other traders can complete the self-custodial roles on the platform and maximize their income.
The Mizar team desires to widen its geographical presence to become a fast-growing crypto trading platform by providing customers with services that meet and exceed their needs. The team plans to support the traders in managing their assets on centralized finance platforms such as Binance.
Also, the team pledged to support traders in the DeFi space to increase their investment value. Furthermore, the need to meet the traders’ needs necessitated the Mizar technical team to invest in artificial intelligence and Internet of Things (IoT) technologies to penetrate crowded markets and boost user experiences.Â
Mizar’s Next Move
A report from Mizar chief executive Francesco Ciuci revealed the launch of the Arbitrum ecosystem would enable the company to explore new opportunities in the DeFi world. Ciuci stated that the Mizar and Arbitrum team would engage in further discussion to formulate strategies to develop unique products to improve the DeFi space.
At the proposed business engagement, Mizar anticipates striking a partnership deal with the Arbitrum team to combine efforts in navigating the decentralized finance platform.
The incredible efforts made by Ciuci and his team encouraged Nexo, Kronos, Huobi and other crypto firms to offer abiding support to Mizar to support the growth of crypto trading. Ciuci confirmed that on March 9, the $MZR token would be listed on the Uniswap trading platform.
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