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0x

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Description

What does 0x do?

The goal of 0x is to simplify the trading of ERC-20 based cryptocurrencies and remove the need for centralized exchanges. To accomplish this, 0x allows for ERC-20 tokens to be traded on the Ethereum blockchain, and provides a protocol for peer-to-peer off-chain exchange. 0x utilizes Ethereum smart contracts to complete off-chain exchange.

With 0x, users can create dApps. Many speculate that 0x will help its users build entirely new marketplaces where all sorts of goods and services can be tokenized. For example, a decentralized marketplace could be created for video game items that would allow its users to buy and sell things like character upgrades and in-game weapons.

What is ZRX used for?

On 0x, relayer nodes provide the valuable off-chain service of matching individuals that wish to exchange with each other. ZRX is used to pay these relayer nodes for “matching fees.”

ZRX will also be used in 0x’s governance system. Users will need to hold ZRX to vote on decisions regarding the development of the 0x protocol.

How can ZRX value appreciate?

Since 0x is a protocol that helps users exchange ERC-20 tokens, 0x will become more useful and gain wider adoption as more ERC-20 tokens are created and as they become more popular. And since ZRX tokens are used to pay for fees on 0x, the price of ZRX could rise significantly as more ERC20 tokens are used for purchases and arbitrage.

A very useful aspect of ZRX is that it can be exchanged for any other ERC-20 token automatically using 0x relayer nodes that match buyers and sellers. There are a variety of ERC-20 tokens with a variety of uses, so individuals may find that it’s convenient to hold ZRX instead of buying all different ERC-20 tokens. If this is the case, the demand for ZRX will rise, increasing its price as a result.

What is the difference between 0x and its competitors?

As an Ethereum-based protocol, 0x benefits from the successful development and popularity of Ethereum. 0x aims to deliver off-chain transactions, which requires a certain level of trust. By using Ethereum as its backbone, 0x gains the credibility of Ethereum.

0x is a unique project because it is not a decentralized exchange, it is a protocol for decentralized exchanges. The closest competitor of 0x is EtherDelta, which hopes to offer its users a decentralized exchange. The major difference between 0x and EtherDelta is that 0x allows any user to start an exchange while EtherDelta has a dedicated exchange. Also, 0x has its own system of tokens for governance and transaction fees

  • Mainnet Launch: August 2017
  • Open Source: Yes
  • Consensus Type: N/A
  • Technology: Ethereum
  • Total Coin Supply: 1,000,000,000
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Description

What does 0x do?

The goal of 0x is to simplify the trading of ERC-20 based cryptocurrencies and remove the need for centralized exchanges. To accomplish this, 0x allows for ERC-20 tokens to be traded on the Ethereum blockchain, and provides a protocol for peer-to-peer off-chain exchange. 0x utilizes Ethereum smart contracts to complete off-chain exchange.

With 0x, users can create dApps. Many speculate that 0x will help its users build entirely new marketplaces where all sorts of goods and services can be tokenized. For example, a decentralized marketplace could be created for video game items that would allow its users to buy and sell things like character upgrades and in-game weapons.

What is ZRX used for?

On 0x, relayer nodes provide the valuable off-chain service of matching individuals that wish to exchange with each other. ZRX is used to pay these relayer nodes for “matching fees.”

ZRX will also be used in 0x’s governance system. Users will need to hold ZRX to vote on decisions regarding the development of the 0x protocol.

How can ZRX value appreciate?

Since 0x is a protocol that helps users exchange ERC-20 tokens, 0x will become more useful and gain wider adoption as more ERC-20 tokens are created and as they become more popular. And since ZRX tokens are used to pay for fees on 0x, the price of ZRX could rise significantly as more ERC20 tokens are used for purchases and arbitrage.

A very useful aspect of ZRX is that it can be exchanged for any other ERC-20 token automatically using 0x relayer nodes that match buyers and sellers. There are a variety of ERC-20 tokens with a variety of uses, so individuals may find that it’s convenient to hold ZRX instead of buying all different ERC-20 tokens. If this is the case, the demand for ZRX will rise, increasing its price as a result.

What is the difference between 0x and its competitors?

As an Ethereum-based protocol, 0x benefits from the successful development and popularity of Ethereum. 0x aims to deliver off-chain transactions, which requires a certain level of trust. By using Ethereum as its backbone, 0x gains the credibility of Ethereum.

0x is a unique project because it is not a decentralized exchange, it is a protocol for decentralized exchanges. The closest competitor of 0x is EtherDelta, which hopes to offer its users a decentralized exchange. The major difference between 0x and EtherDelta is that 0x allows any user to start an exchange while EtherDelta has a dedicated exchange. Also, 0x has its own system of tokens for governance and transaction fees

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