Today, let’s learn about 0x (ZRX), one of the first projects working on DEX, until now 0x has been and is a great project! In this article we will learn about 3 main parts:
- What is 0x, what is the idea and product of the project?
- Related information about the project’s ZRX Token.
- Finally, we will combine the above factors to review in an overview whether ZRX Token is worth the investment or not?
Let’s find out with Techtipsnreview!
What is 0x?
0x is a protocol that allows building decentralized exchanges (DEXs) on the Ethereum Blockchain. 0x itself is not a DEX, but an infrastructure that enables the creation of DEXs on Ethereum.
In other words, 0x is a system of smart contracts that connect Liquidity Providers and Market Makers to provide exchange functionality in a wide range of applications. .
Highlights of 0x (ZRX)
The 0x project has the following salient features:
- Off-chain relay, on-chain settlement: Instead of using an order-book on the Ethereum chain, 0x creates “relayers” to manage these order books, while transactions will still be settled on the Ethereum blockchain. Through this approach, 0x helps to reduce gas fee for users.
- Networked Liquidity: Enables interoperability between decentralized applications (dApps), boosting network liquidity through positive network effects.
- Flexible Order Types: Provides a highly customizable builder toolkit with many different Order types: Market, Limit,…
- Supports all Ethereum token standards: Support many different Ethereum Standard such as: ERC20, ERC721, …
0x’s most popular product is 0x API – a decentralized exchange aggregation API that allows developers to integrate Swap functionality into their products. 0x API has provided over $3.5B transaction volume through many big names like DeFi Saver, Metamask, Zapper, Shapeshift, etc.
0x also has another product, the 1inch-like DEX Aggegrator, called Matcha (details here). This is considered the DEX of 0x itself.
Explore more: Analysis of operating patterns 0x
ZRX token details
ZRX rate today
You can track the price of ZRX token on Techtipsnreview Markets right at: markets.Techtipsnreview.com/currencies/0x
Techtipsnreview Markets is a page that helps you to update real-time prices as well as view detailed information about Token Metric of a project. In more detail, you can visit the homepage and community page of the projects or filter the coins/tokens by Marketcap, Transaction volume,…
Key Metrics ZRX
ZRX is the native Token of the 0x ecosystem, some basic information about ZRX Token:
- Token Name: ZRX Token.
- Ticker: ZRX.
- Blockchain: Ethereum.
- Contract: 0xe41d2489571d322189246dafa5ebde1f4699f498
- Token type: Governance.
- Token Standard: ERC-20.
- Total Supply: 1,000,000,000 ZRX.
- Circulating Supply: 720,255,195 ZRX.
ZRX Token Allocation
- Crowdsale Investors: 50%.
- Retained by 0x: 15.26%.
- Developer Funds: 14.9%.
- Team & Advisor: 13.02%.
- Early backers: 6.82%.
ZRX Token Sale
0x completed the ZRX Token Sale in August 2017 and raised $24M ($0.048/ZRX) worth of ETH at the time.
ZRX Token Release Schedule
Team & Advisor ZRX Token will be fully unlocked on 08/2021.
ZRX Token Use Case
ZRX Token will be used for the following purposes:
- Governance: Governing the 0x ecosystem through voting. Each ZRX Token allows you to have one vote, the more ZRX you own, the more votes you get.
- Staking in market-making pools: Also you can Staking ZRX into MM (Market Makers) Pools to get rewards (usually ETH).
How to earn and own ZRX Token
At the present time, you can own ZRX by buying tokens on supported exchanges such as Binance exchange, UniswapCoinbase, Huobi,…
ZRX Token Exchange & Wallet
ZRX token storage wallet – Techtipsnreview Wallet
ZRX is an ERC-20 token, so you can store it on wallets Techtipsnreview Wallet follow these steps:
Step 1: At the main interface, select Receive (Receive).
Step 2: Enter ZRX in the search box.
Step 3: Copy the wallet address and send ZRX tokens to this address.
ZRX Exchange – Techtipsnreview Exchange
You can trade ZRX on Techtipsnreview Exchange through the steps below at: exchange.Techtipsnreview.com
Step 1: Connect the wallet via Techtipsnreview Extension.
Step 2: Find 0x in the search box.
Step 3: Choose a trading pair and adjust number of tokens want to swap.
Step 4: Adjusted gas and slippage (slippage) according to demand.
Step 5: Browse transactions (approve) and complete the transaction.
Not just an exchange, Techtipsnreview Exchange is also an All-in-one DeFi platform, allowing you to perform many other features such as: trading, observing market information, tracking portfolio invest… Discover Techtipsnreview Exchange now!
Discover: The most detailed way to use Techtipsnreview Exchange
Roadmap & Updates
In January 2021, 0x officially launched v4 version with many changes, including saving gas fees up to 70% compared to V3. According to Will Warren – Founder of 0x, when this v4 version is used through Matcha, the fee will be cheaper than Swap directly on Uniswap V2.
Project team, investors & partners
According to 0x announced on the main website, their team consists of 36 members with many specialties including: Engineering, Academic Research, Business, Design,…
In February 2021, 0x Labs raised $15M, led by Pantera, in addition to many other investors such as Jump Capital, Nima Capital, Blockchain.com Ventures, Nascent Ventures, Coinbase Ventures, IOSG Ventures, DeFi Alliance,…
Thus, I have provided you with detailed information about the 0x platform and the ZRX token. How do you evaluate the value and potential of ZRX? Please comment below to discuss with Techtipsnreview!
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Source: What is 0x (ZRX)? Complete set of ZRX cryptocurrency