0x (ZRX) current price is $0.2595 with a marketcap of $152.11 M. Its price is -4.69% down in last 24 hours.
- 0x (ZRX)
- Live Price $0.2595
24h % -4.69%
- Market Cap$152.11 M
- Volume$23.79 M
- Available Supply586.14 M ZRX
More Info About Coin
As the world of cryptocurrency continues to become more valuable, more crypto companies have flooded the market. It takes keen analysis, research, and thorough review to single out the best cryptocurrency. In your journey to pursue the crypto market, 0x cryptocurrency becomes a crucial infrastructure layer in the mushrooming financial market.
The centralized cryptocurrency seems to be plagued with problems from all angles; hacking, shutdowns by the government, and embezzlement. This makes the whole venture a risky undertaking for investors. In a nutshell, the decentralized OTC are problematic and it calls the overhaul from 0x cryptocurrency to bring sanity into the industry.
What is 0x (ZRX)?
Simply put 0x cryptocurrency is a protocol for regionalized exchange. It was formed with an aim of tokenizing the world where value can flow smoothly. The Ethereum blockchains act as one of the most powerful hosts to a variety of digitized assets. It continues to create more with each new dawn. It is predicted that everything that has value will be attached to the Ethereum blockchains through tokenized means.
It is for this reason that 0x cryptocurrency aims to be the bridge upon which the transactions of these valuable assets will ride on to the other side.
The open ‘permissionless’ 0x will allow ERC20 tokens to get merchandized on the Ethereum blockchain. Thus, it will be used for powering decentralized exchange.
History of ZRX
ZRX was born in October 2016. The main intention for Will Warren and Amir Bandeali, the co-founders of the company, was to create rooms for assets, stocks, precious metals, and currents to be freely and publicly traded on the blockchain as tokens. The platform was created with an intention of streamlining Ethereum token. It made use of off-chain orders which had the costs of gas, transaction fees, cut down.
Purpose and use of ZRX
Crypto companies are all the rage in the current situation. More people are intending to be part and parcel of the monetized tokens. 0x cryptocurrency has realized this growth and ballooning of the potential sockets. 0x was created with the purpose of enabling anyone to carry out a free trade of assets while allowing them to operate at a decentralized exchange platform.
The 0x protocol target audience is the bulging number of developers that creates dApps and speculators ICO investors. As 0x cryptocurrency matures, it is baked into a wide array of applications. It aims at developing more than forty different tokens for dApps. An average user is expected to pay using any coin as the dApps have an inbuilt DEX, which converts the coins into dApp necessities.
Radar Relay announced that it would be supporting the ledger hardware wallet. By doing so, it will be making wallet the first decentralized exchange enabling trade among hardware wallets. This deal will be a super one for the 0x cryptocurrency. It will enable the exchange of the tokens without necessarily having to have them transferred to the hardware wallet.
The 0x Cryptocurrency Team
0x cryptocurrency team is one of the most dedicated team. Their cohesiveness has been built and cultivated by the main co-founders, Warren and Bandeali. Will Warren is a graduate from Los Alamos Nat Lab and UC San Diego where he pursued applied physics and engineering in these universities, respectively. Amir Bandeali, on the other hand, is a graduate from the University of Illinois.
He previously worked at DRW as fixed income trader. An army of investors supports the 0x cryptocurrency project financially. These include Pantera capital, Blockchain Capital, Jen advisors, and FintechBlockchain Group. Thus, they automatically qualify to fall in this team.
Review of ZRX Tokens
The market had a capital of $387,547 293 as at June 2018. The amount was based on the circulating supply of 528,166,015, which was exchanged at the rate of $0.72. Highest trading price was $2.37 as of January 2018. During its ICO, it raised to $24million in August. During this time, it released 50% of its total supply to the investors and retained a 15% as a developer fund. Additional 10% was kept by the mother team while an additional 10% was given to early backers and the team’s advisers.
From the foregoing, it seems that you shall have interesting times when the 0x supply shall be used and as it takes roots. The ease of use and the widening ecosystem supporting the cross-chain functionality will put 0x cryptocurrency on the limelight. Overall, the 0x cryptocurrency has lofty ambitions that will see both centralized and decentralized exchanges combined. Timely, it has managed to merge the benefits of the two (decentralized and centralized) exchanges while trimming off their challenges.
Pros & Cons
|A building block for DApps||None that I know of|
|Trustless, moderately decentralized exchange|
|Permissionless and free to use|
BCrypto Investment Tip
ZRX is one of my favourite long term projects in crypto. It's basically a dectrantralized exchange token which allows people to build their own exchange on the 0x token to pay for governance and fees. With the 0x protocol, orders are moved off-chain, reducing costs and blockchain delays. 0x token can also be used for dApps that require exchange functionality. This coins has a ton of futuristic use cases which will further help to decentralize the world.