+ 2.18%$ 0.20510667
- 1880x$ 0.20510667$ 173,827,090$ 10,910,287847,496,055 ZRX+ 2.18%
The price 0x today is 0.20510667 USD, and the trading volume in 24 hours - 10,910,287 USD. The crypto asset has grown by 2.19% over the day. Currently, the coin’s market capitalization is 173,827,090 USD, and has 847,496,055 coins in circulation with the max supply of 1,000,000,000 coins ZRX.
What is the 0x (ZRX)?
0x is a software that aims to encourage a network of users to create and manage new types of markets that do not rely on traditional financial intermediaries. With 0x, users can create markets for crypto assets representing any form of value: they can include markets for tokens representing physical real estate, for tokens representing stocks and bonds, and for tokens representing other crypto assets.
0x is an emerging group of decentralized finance (DeFi) protocols that uses a special crypto asset called ZRX and the Ethereum blockchain to distribute its governance and operation. ZRX is used to encourage users to place and maintain order books for 0x markets. In exchange for this important service, token users have the opportunity to receive a commission paid by traders when buying and selling assets on the platform, and can receive additional rewards in ZRX.
Thus, ZRX is important for the protocol management system, as those who own the asset have the ability to vote for changes in the software. For example, token holders can vote to increase or decrease the fees that users pay and earn.
To keep up with the project, 0x informs users about the status of its roadmap through its official website and blog.
Who created 0x?
The 0x protocol is a product of zeroex Inc, founded in 2016 by Will Warren and Amir Bandeali. In July 2017, zeroex Inc held an open sale, during which it raised $ 24 million in ETH in exchange for ZRX tokens.
The project was supported by venture capital firms, including Polychain Capital, Blockchain Capital and Pantera Capital. The company's advisors include Coinbase co-founder Fred Ersam, Augur co-founder Joey Krug, and Scalar Capital co-founder Linda Xie.
What is unique about 0x (ZRX)?
0x is a software that allows users to create their own crypto asset markets. Using the 0x protocol, users can both tokenize assets and buy and sell tokens running on the Ethereum blockchain.
Two types of users are required to work in any 0x market:
- Creators are those who provide liquidity to the order book.
Creators place orders on the exchange that are not traded immediately, but wait for them to be matched.
- Takers are those who take liquidity from the order book.
Recipients place orders that are instantly matched to existing orders.
Order book 0x is supported by protocol repeaters. Repeaters are tasked with facilitating communication between 0x order books and transactions that are calculated in the block chain. When a user makes a transaction, manufacturers send cryptographically signed orders to the relay, which then places them in the order book for a transaction fee. These orders can contain the tradable token, the desired price, and the expiration date.
When an order is ready for execution, 0x uses smart contracts running on Ethereum to match the buyer's demand with the manufacturer's orders, transferring tokens between users. It should be noted that repeaters do not take responsibility for the assets in any transaction, since transactions occur in the block chain.
How much Ox (ZRX) is in circulation?
The ZRX coin was launched in August 2017, and its offer is limited to one billion units. As of January 2021, there were 749,924,324 ZRX coins in circulation.