0x (ZRX) is based on open source code, allowing transfer of crypto assets on a decentralized peer to peer exchange infrastructure based on the Ethereum blockchain. The protocol allows individuals to trade Ethereum-based tokens, and its backing commodity is the ZRX token. With the token, you can trade various cryptocurrencies offline and at low costs. The coin was created in 2017 and is quickly gaining popularity among crypto enthusiasts. By owning 0x, you get a chance to govern the exchange infrastructure of the Internet.
Briefly about 0x
This token was started by Will Warren and Amir Bandeali in October 2016. Their vision was to develop a decentralized exchange that supports both fungible (ERC-20) and non-fungible (ERC-723) tokens. The token is used to pay fees on the protocol, and it is also used to power other DEX platforms. You can use the token for permissionless trading of various virtual assets. To ensure the lowest slippage, the cryptocurrency splits up transactions across DEX networks.
0x API is a professional grade liquidity aggregator enabling the future of DeFi applications.CryptoLists.com
These coins are used to pay trading fees on this protocol. The coin cannot be mined since it uses the Ethereum network. Like many cryptocurrencies, this one has a maximum supply that can never be exceeded. This figure has been set at 1 billion. About 75% of these tokens are currently in circulation, and the rest are being used for staking rewards.
Utility of 0x?
With this cryptocurrency, traders can send and receive funds internationally without worrying about levy charges. Also, lots of websites now accept the token for deposits and withdrawals. Given the innovative nature of the cryptocurrency, there is a good chance that it will go up in value in the future, and that is why investors are holding on to it. By buying this cryptocurrency, you will also gain voting capabilities and will be able to influence the direction of the coin.
0x Price detailsERC20 Contract address: 0xe41d2489571d322189246dafa5ebde1f4699f498
›› ZRX tokenomics and social media
Advantages at 0x+ The coin has a maximum supply of 1 billion.
+ You will find 0x on many crypto exchanges.
+ Holding the token gives you governance rights over the protocol.
+ ZRX token is highly decentralized.
Disadvantages- Some researchers have noted that the code is incomplete.
- Since it’s based on PoW, the coin is damaging to the environment.
- You can’t mine the cryptocurrency.
- The government may regulate the network in the future.
Costs▪ Rated at 10/10
The transaction fee of this cryptocurrency varies depending on the congestion on the Ethereum blockchain. On average, you can expect to pay fees of about $15. This fee typically goes up during peak traffic.
Reputation and Buzz▪ Reputation rated at 9/10
▪ Buzz rated at 9/10
This altcoin has attracted the attention of crypto enthusiasts ever since it was released. Users generally appreciate the fact that it enables them to exchange different Ethereum-based tokens. The main concern about the cryptocurrency is that it may have some security vulnerabilities. However, you should note that the company has a bug bounty, and this incentivizes developers to report any security issues in the network. If you want to keep up with discussions on this cryptocurrency, you can follow its Twitter page. It currently has more than 250,000 followers, and this indicates how popular the coin is.
Is 0x (ZRX) secure?
Yes, this cryptocurrency is built on the Ethereum protocol, meaning it is protected from attacks by the Ethereum miners and the node network. However, you should note that vulnerabilities have been detected in the network in the past.
What is the difference between 0x and ZRX?
ZRX is commonly used to refer to the official Ethereum token of the protocol, while 0x is mostly used to refer to the decentralized exchange. Although they have clear differences, many people use the terms interchangeably.
Where can I buy and sell this cryptocurrency?
You can trade this cryptocurrency on many centralized and decentralized crypto exchanges. Some of the top ones are Binance, OKex, Coinbase, Bittrex, and IDEX.
Who is the owner of this project?
This cryptocurrency was developed by Will Warren and Amir Bandeali in 2016, and these two people still run the company. It also has backing from more than 25 investors, including Pantera Capital, Alliance DAO, Nascent Ventures, and Jump Capital.
How can I mine this cryptocurrency?
Unlike Bitcoin and Ethereum, ZRX cannot be mined. It is based on the Ethereum blockchain and uses the proof of work mechanism to secure the network.
Screenshots from 0x
More sites where to buy/sell/trade 0xBelow you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
0x details and tokenomics
AVAX Contract address: 0x596fA47043f99A4e0F122243B841E55375cdE0d2
SOL Contract address: GJa1VeEYLTRoHbaeqcxfzHmjGCGtZGF3CUqxv9znZZAY