0x (ZRX) is a protocol that allows for decentralized exchange of tokens and assets issued on the Ethereum blockchain. Developers can use 0x to create their own applications for cryptocurrency exchange with a wide range of functions, for example, the ability to conduct over-the-counter trading of tokens issued on the Ethereum blockchain. Token 0x (ZRX) is used makers and takurami to transfer commissions to release. The ZRX tokens are also used to implement a decentralized management of the 0x protocol update mechanism, which allows for the replacement and improvement of the underlying smart contracts.
What is 0x?
A protocol that facilitates low friction peer-to-peer exchange of ERC20 tokens on the Ethereum blockchain. The protocol is intended to serve as an open standard and common building block, driving interoperability among decentralized applications (dApps) that incorporate exchange functionality.
https://0xproject.com - 0x website
ICO start date: 2017-08-15
Trades are executed by a system of Ethereum smart contracts that are publicly accessible, free to use and that any dApp can hook into. DApps built on top of the protocol can access public liquidity pools or create their own liquidity pool and charge transaction fees on the resulting volume. The protocol is unopinionated: it does not impose costs on its users or arbitrarily extract value from one group of users to benefit another. Decentralized governance is used to continuously and securely integrate updates into the base protocol without disrupting dApps or end users.
0x price (ZRX)
The price of 0x ZRX token:
The team behind the decentralized exchange protocol 0x has raised $24 million in an Initial Coin Offering (ICO). The token sale took place between August 15 and 16, collecting the $24 million worth of ether – the cryptocurrency of the Ethereum network – from a group of 12,000 backers, according to the 0x team.
The project itself drew support from a group of venture capitalist firms including Polychain Capital, Blockchain Capital and Pantera Capital, along with Chinese investment firms Jen Advisors and FBG Capital, all of whom contributed in exchange for discounted tokens during the sale.