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0X Price

(ZRX)

$0.0839
0.00%(5m)

1m5m15m1h8h1d1W
0X (ZRX) Live Price Chart

    0X Live Price Data

    0X is currently trading at 0.0839, with a 24-hour trading volume of --. Over the past hour, the price of 0X changed by -1.52%, and over the past week, its value in dropped by -4.22%. The circulating supply of 0X is 848,396,562 ZRX, with a market cap of 0 , down -1.52% in the last 24 hours. 0X is ranked #293 by market cap.

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    Note: This data is for reference only.
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    ZRX(ZRX) Profile

    altRank293
    rateA
    Expand
    $0.0839
    $0.0859

    ATH
    $2.53140998
    Price Change (1h)
    --
    Price Change (24h)
    -1.52%
    Price Change (7d)
    -4.22%
    Market Cap
    24h Volume
    Circulating Supply
    848,396,562
    Max Supply
    1B

    About 0X

    • What Is 0x Protocol (ZRX) Crypto?

      0x protocol, known by the token symbol ZRX, is an infrastructure protocol that enables trading ERC20 tokens and other assets on the Ethereum blockchain. Unlike traditional cryptocurrency exchanges involving centralized intermediaries, 0x offers a decentralized trading mechanism.

      The protocol consists of publicly auditable, open-source smart contracts that create a flexible and seamless trading platform. Developers can easily integrate these into their products.

      The backbone of the protocol is the ZRX token, an ERC20 token that serves various functions. Relayers, or nodes that host an off-chain order book and provide user-oriented applications, get paid in ZRX tokens.

      In addition, ZRX holders can vote on and propose changes to the protocol. It contributes to decentralized governance and allows users to influence the platform’s development.

    • How Does 0x Protocol Work?

      The 0x protocol enables peer-to-peer transactions of ERC tokens on the Ethereum blockchain through a combination of Ethereum smart contracts. These are freely accessible and compatible with various decentralized applications (dApps).

      The ZRX token serves as the "fuel" for the platform, allowing users to conduct transactions. Additionally, the token supports decentralized governance of the platform, which helps minimize network disruptions and solve coordination problems.

      Relayers play a central role in the 0x protocol. They host off-chain order books and provide users with the information they need for their transactions.

      For their services, they are rewarded in ZRX tokens. Users must also pay a protocol fee in Ether (ETH) to cover the "gas" for their transactions.

    • History of 0x Protocol and ZRX Token

      Will Warren and Amir Bandeali founded 0x in 2016. Both founders bring different skills and backgrounds that complement each other perfectly. Will Warren, the project's CEO, had previously worked in various research areas and briefly held the role of technical advisor for Basic Attention Token (BAT). Amir Bandeali, who serves as CTO, held several positions in the trading sector after graduating in finance from the University of Illinois before bringing his expertise to the 0x project.

      0x was launched following a successful Initial Coin Offering (ICO) in 2017, which raised $24 million. Prominent investment firms such as Polychain Capital, Pantera Capital, and FBG Capital supported the ICO. The ICO was a huge success and demonstrated the project’s broad support at an early stage.

      It also enabled further development and expansion of the team. Today, the 0x team consists of over 30 people, including engineers, researchers, and designers, who continuously work to improve the protocol and ensure its smooth operation.

      In 2019, a significant overhaul of the ZRX tokens was announced. In particular, the function was added that allows ZRX holders to delegate their stake to a market maker. This move enabled token holders to earn passive rewards without losing their voting rights. It was an essential step in improving the functionality and attractiveness of the ZRX tokens.

      The development of the 0x project has made continuous progress since its inception. Despite some challenges and changes in cryptocurrency, 0x has established itself as a stable and innovative platform. By partnering with StarkWare, the 0x protocol has improved scalability by implementing "StarkDEX." This development allowed for a significant increase in transaction processing speed, which benefits the growth and competitiveness of the platform.

    FAQ

    • How much is 1 0X (ZRX) worth?

    • Is 0x Protocol (ZRX) a Good Investment?

    • What Is 0x Protocol Price Prediction?

    • How to Use ZRX Token

    • What Is 0x Protocol’s Tokenomics?

    • What is the all-time high price of 0X (ZRX)?

    • What is the all-time low price of 0X (ZRX)?

    • How much 0X (ZRX) is there in circulation?

    • How do I store 0X (ZRX)?