What is 0x (ZRX)?
0x is an open source, peer to peer, a free and decentralized protocol for low friction and trustless exchange of Ethereum-based coins, and contributes a native currency called 0x protocol token (sym. ZRX). It is a system of smart contracts that can be used by anyone as it is open-source and completely free to use. It is one of the early examples of a protocol using the franchising go-to-market strategy.
0x (ZRX): History
0x (ZRX) was co-founded by Will Warren and Amir Bandeali in October 2016. For them, every asset in the world can be represented as a token on the Ethereum blockchain including fiat currencies, stocks, gold and digital game items. The main aim of 0x (ZRX) is to create a standard protocol on the Ethereum blockchain that facilitates any Ethereum token to be traded and for anyone to operate a decentralized exchange.
In Q4 2016, the pre-alpha was issued and tested on Robsten testnet.The project performed live in 2017 by a crowdsale on 15th April 2017 where people could purchase it against ETH. There will be a fixed supply of 1,000,000,000 ZRX.
How Does 0x (ZRX) Work?
0x (ZRX) is a platform which aims to bring standards to the DApps creation on Ethereum network. It wants to improve and normalize the interoperability of different DApps. Different DApps give different Smart Contracts and token which freely interact if they are built upon 0x platform. The only condition is that the DApps must agree to ERC20. It never offers a new network. Instead, it utilizes the existing Ethereum blockchain. 0x tokens (ZRX) can be used to pay the Relayers (think, miners) who host and maintain public order books (ledger). 0X tokens are also used to manage the DAO created using the 0x platform.
How to Buy 0x (XRX)?
First of all, you need to create a 0x wallet to store your coins. It is necessary to create a name and password to the wallet so that nobody can access your coins. If you forget this password, you might lose access to your coins.Then you have to buy Ethereum if it is not possible to buy 0x wallet directly. You can buy Ethereum by using MyEtherwallet which can store any coin on the Ethereum blockchain, including 0x. Finally, you can exchange Ethereum for 0x.
0x (XRX) Price Prediction 2018
ZRX can be a profitable investment option. 0x price equal to 1.586 USD at 2018-01-18. If you buy 0x for 100 dollars today, you will get a total of 63.070 ZRX. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-16 is 13.373 US Dollars. With a 5-year investment, the revenue is expected to be around +743.43%. Your current $100 investment may be up to $843.43 in 2022. The price today of 0x (XRX) is $1.60, and the market cap value is $795,235,742. It has a current supply of 496,346,067 ZRX and the volume $38,359,800. 0x (XRX) price today, 0x (XRX) where to buy, 0x (XRX) price chart, 0x (XRX) history, 0x (XRX) market cap, 0x (XRX) exchanges, 0x (XRX) mining, 0x (XRX) mining software.