
Hey there! We are TradeZK.. 👋
Remember a cool idea once where everyone could have more control over their assets without any central entity?? It also started with a primary goal to enable peer-to-peer transactions where individuals could directly interact.
Well the concept “Decentralization” seem to be fading away due to bridging of centralized entities in the process… 😟
Decentralization aims to create a system where Trust could be established with some super-smart math stuff using cryptography.
We are here to take it forward:
TradeZK is a truly decentralized peer to peer exchange with a focus on privacy, simplicity and minimalism through Zero-Knowledge to tackle the shortcomings of traditional P2P systems and being a part of India’s growing digital economy.
Current landscape
- Digital Adoption Surge: India is currently witnessing a surge in digital transactions, where privacy and blockchain are being researched across enabling users to trust digital money.
- But the same system relies on trust based on public transactions, personal trust, constant fear of fraud/scam for services like Online Purchase, Lending, sending money, real-estate dealing, etc that becomes a huge challenge. Things like:
- Limited Transparency in the process keeps users hanging.
- Current P2P Limitations: As crypto evolves (DeFi, NFTs, social, on-chain gaming), the necessity for seamless and trustless interoperability between fiat and cryptoassets becomes much more important.
- Costly Transactions: Onramps comes up with Steep Fees, that reaches more than 5% in peak leading to significant burden.
- Complex KYC and Verification
- Seller, Buyer Communication Flawed: Sellers usually end up spending a lot of time worrying about payment proofs, fraud worry and approving manually or waiting for notification. Even the tickets raised end up taking a lot of back and forth to resolve.
- Not Fully Decentralized: P2P play role of intermediary or central authority to facilitate transaction. This leads to dependency on third parties to trust limiting autonomy.
- This also becomes prone to vulnerability to manipulation and poses data breach and security risk. Attractive targets to malicious attacks.
- Lack of transparency and user trust due to lack of control makes system uncertain about its integrity.
- Regulatory requirement becoming challenging day by day with centralized data repos.
- Slow and needs multiple transactions.
TradeZK, TradeZK,TradeZK?
TradeZK enables robust, secure, private and safe way to trade assets. This also removes dependance on third party and prevent data sharing
- ✅ Leveraging ZK to support and verify UPI transactions, making it first to serve through PCD and ensure trustlessness and Secure Peer to Peer transaction system without need of any central entity.
- ✅ Fast and Firm: TradeZK enables rapid transactions, maintaining user anonymity and speeding up the onboarding process.
- ✅ 0% Gas Fees: TradeZK disrupts fiat-to-crypto conversions, cutting fees by eliminating intermediaries and leveraging Zero-Knowledge proofs for secure, cost-effective transactions.
- ✅ Seller <> Buyer flow improved: It’s permissionless, fast and won’t require Seller to worry about notification, manual approval and can save their precious time by settings one time sell ad and their assets gets locked. Our verifier system based on zk with upi takes in various parameters before releasing assets for both parties.
- ✅ Verification: We verify users through Anon Aandhar SDK for maintaining anonymity and following regulatory regulations.
- ✅ Privacy: Users choose how and where they wish to receive assets
We are not just limited to digital transactions but extend use cases to like, Real Estate, overseas purchase, Lending System and more.. Having a Near Zero probability of breach and fraud using ZK helps to bring in seamless flow with better UX.
Let us look into TradeZK