UEX is a platform that serves consumers around the entire world, including Singapore, San Francisco, New York, and eventually Taipei. However, on June 15th, they decided to expand their reach to consumers by forming a pair of ZIL and ETH on their platform.
ZIL comes from the Zilliqa project, which was established in June 2017, just two months before the release of the whitepaper. Their Mainnet is planned to be activated in the third quarter of this year, and representatives from the platform claim that they will be the first platform with a high-throughput public blockchain.
It will host over 1,000 transactions every single second without any lag time, which is due to the use of a process called “sharding.” This process basically breaks down a database into smaller pieces that can help to optimize the speed of each transaction.
Over the last quarter, ZIL did not do very well in the market, reaching a low of $0.035 in March. However, their value increased to $0.21 by the end of last month. Over the last few weeks, no major changes have occurred, though there was a receive market crash that dropped it by over $0.12.
Zilliqa has a major role on several platforms, like CoinEx, Zebpay, and Unocoin, though they are working to establish a wallet that is in the Testnet stage. The company has managed to develop testing versions of the tokens that users can process within the Testnet wallet when the Mainnet finally launches.