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Zignaly Introduces ZIGBids - ZIG-Based Auctions Powered by Polygon

Tuesday, 20 September 2022 11:00


SINGAPORE / ACCESSWIRE / September 20, 2022 / Decentralized social investing marketplace Zignaly is introducing ZIGBids, a brand new product seeking to disrupt the DeFi auctions landscape, starting with the $20 billion NFT market but with plans to make waves well beyond.

ZIGBids represents a dramatic makeover in how DeFi auctions operate. It will add an array of new features and offerings, making it easier for participants to place bids to secure access to their favorite offerings. Whether it's a spot on the whitelist for their favorite NFT collection, a mystery box with top coins, giveaways, and just about anything else they can think of, ZIGBids is an entirely new way to put Zignaly's native ZIG Coin to work.

The concept for ZIGBids follows the success of the Zignaly Raffles launched earlier this year, which gave Zignaly users the chance to add yet another passive income stream backed by high-quality NFT collections. The overwhelming response to this new offering, which included nearly 30 raffles and thousands of entries, demonstrated the untapped potential of the concept. Zignaly has since refined the process, believing it has the potential to shape the future of the DeFi auction experience. The result of their efforts is ZIGBids.

Thanks to ZIGBids' support for the ‘wallet connect' feature on the highly scalable and efficient Polygon network, users will now be able to directly connect their ZIG-funded Polygon Metamask wallets to ZIGBids, transfer tokens, and start bidding on different auctions happening in the Zignaly Raffles Marketplace with only a nominal raise in ZIG per bid.

"Polygon was the perfect choice of chain to deploy ZIGBids on. It's highly scalable, robust, and on its way to becoming the gold standard for Web3, expanding to Defi, GameFi, NFTs, and far beyond, which aligns so well with what Zignaly plans to do with ZIGBids," says Bartolome R. Bordallo, Co-Founder and CEO of Zignaly.

Perhaps most exciting of all, ZIGBids isn't limited to a single asset class. It was built with the capabilities to run auctions for anything and everything crypto, from IDO/IGO slots, pre-minted NFTs, a basket of tokens going at a deep discount, or anything else users can think of. This unmatched functionality will help progress the mass adoption of ZIG as well as cross-community ecosystem growth.

As is the case with all of its offerings, ZIG Coin is at the heart of ZIGBids. Zignaly's newest offering is one of the firm's biggest moves yet towards transforming the DeFi auctions landscape. ZIGBids will help establish Zignaly as a true melting pot of crypto communities, which will strengthen the Zignaly and Polygon ecosystems.

About Zignaly

With over 430,000+ users globally, the Zignaly platform and marketplace are leading the Social Investing revolution by connecting regular crypto investors with the world's top, proven expert traders and fund managers in a win/win profit-sharing model. It's expert-managed, passive crypto investing for the rest of us. Zignaly's multiple offerings also feature uniquely powerful open doors for Investors looking for full-fledged Portfolio Management services, staking vaults, IDO participation via the ZIGPad, NFT raffles, and revolutionary new Bridge solution.

Media Contact:

Noah Mathis
[email protected]

SOURCE: Zignaly

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