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0x

0x (ZRX)

$ 0.13
-1.29 %
Main info
News
Comments
Markets
Analytics
Market cap
$109.71M
-1.29 %
Volume (24h)
$4.63M
-1.29 %
Circulating supply
848,396,563 ZRX
Total supply
1,000,000,000 ZRX
Max. supply
1,000,000,000 ZRX

About 0x

Overview of the 0x Protocol

The 0x protocol is open-source software. The protocol is designed for the decentralized exchange of various assets in the Ethereum network. It is also a 0x ZRX cryptocurrency based on Ethereum blockchain. It uses a software or hardware wallet that supports ERC-20 token storage. There is a reward for active members of the 0x network. At the same time, there is no mining of new coins in the system.

Token Distribution and Use

0x zrx tokens were sold on ICO, which raised about 24 million U.S. dollars. In total, just over 1 billion coins were issued. Of these, 500 million are distributed between the founders and developers of the project. Investors got the second half of the total number of tokens, i.e. 500 million tokens of 0x network. They can be used to pay commissions as well as for settlements between network members. The developers announced that ZRX is used as the basis for building decentralized applications.

Market Performance and Challenges

ZRX cryptocurrency was first made available to customers in August 2017. Initially, one 0x coin was worth $0.10. Market enthusiasm allowed the 0x cryptocurrency to grow in value by more than 5 times in the first two days of trading. At the peak of the value (ATH), the 0x was given $2.5 on the stock exchange. The total capitalization of the cryptocurrency at that time exceeded $1 billion. The price of the cryptocurrency did not go back to above $2 for long and then fell below $0.5 again. The reason for the drop in interest was the low activity of the developers.

Market enthusiasm allowed the 0x cryptocurrency to grow in value by more than 5 times in the first two days of trading.

Decentralized Exchange and Tokenization

The 0x protocol allows the decentralized exchange of ERC-20 and ERC-721 tokens. The project site indicates that anyone can create their decentralized exchange, supporting the safe exchange of tokens. Or to organize an auction for digital goods based on ERC-721 tokens. Potentially, the 0x protocol is not only in demand for the creation of decentralized exchanges and other decentralized applications. It can become the basis for asset tokenization. The word "tokenization" is used to refer to the release of digital assets, the number of which is linked to physically existing assets.

Community and Future Plans

Owners of this cryptocurrency can vote. Voting by the user community is the way forward for the project. However, the developers have not been very active in ZRX for a long time. Along with the decline in public interest in 0x there was a fall in price. By the beginning of November 2019, one coin costs about $0.3. You can buy the cryptocurrency on Binance, Coinbase, HitBTC, Bithumb, Bittrex, Upbit, OKEx, and other trading floors. This cryptocurrency is also available on the popular EXMO and LiveCoin exchanges. Buying and selling are possible in pairs to Bitcoin, Ethereum and the U.S. digital dollar (USDT).

The prospects of the token are proved by the presence of a good team of developers, constant updates of the project site and far-reaching plans. The developers are going to increase the network bandwidth first by 10 and then by 100 times. The founders of the project believe that in due course the majority of cryptocurrency exchanges will pass on using their protocol. However, ZRX cryptocurrency is not yet widely used, and its further adoption is questionable. Competition from Bittrex and Binance and other major players is dangerous for the project. Cryptocurrency exchanges are actively developing decentralized trading floors. With the growing popularity of such exchanges, the need for a protocol of decentralized token exchange based on the Ethereum may disappear.

Key data

updated $0
Market cap$109.71M
Volume 24h$4.63M
Circulating supply848.4M85% of max 1B
All-time high$2.5-95% from peak · 2018-01-12

0x (ticker: ZRX) is a decentralized exchange protocol built on Ethereum that lets people trade ERC-20 tokens directly from their own wallets. Think of it as an open infrastructure layer that developers can plug into to build their own exchange apps, without a middleman holding anyone's funds.

Frequently asked questions

What is 0x and how is it different from regular exchanges?

0x is an open-source protocol for peer-to-peer token trading on Ethereum, rather than an exchange itself. Unlike centralized platforms, it doesn't custody your funds — trades happen directly between wallets through smart contracts, and anyone can build an app or relayer on top of it. ZRX is the token that powers this ecosystem.

How does the 0x protocol work?

0x runs on Ethereum smart contracts, so it inherits the network's security and consensus. Makers create signed orders off-chain (which saves gas fees), and takers execute them on-chain through the 0x exchange contract. This hybrid off-chain relay / on-chain settlement model is the protocol's signature design.

How is ZRX supply and emission structured?

ZRX has a hard cap of 1,000,000,000 coins, so no more can ever be minted beyond that limit. The token was originally distributed through a token sale in 2017, with portions allocated to the founding team, the 0x foundation treasury, and early backers. There's no ongoing mining emission — the total supply is fixed.

How can I store and use ZRX?

Since ZRX is an ERC-20 token, it lives in any Ethereum-compatible wallet — hardware wallets like Ledger or Trezor, or software options such as MetaMask. Within the 0x ecosystem, ZRX has historically been used for protocol governance voting and, in earlier versions, for paying relayer fees. Always verify the official contract address (0xe41d2489571d322189246dafa5ebde1f4699f498) before transacting.