Learn about 0x
0x (ZRX) is an open-source protocol that enables frictionless peer-to-peer asset exchange on the Ethereum blockchain. The team envisions a future where all types of assets can be tokenized on Ethereum, transforming traditionally illiquid markets like real estate into liquid, accessible markets.
For example, property sales could bypass complex processes involving lawyers and escrow agents. Instead, the 0x protocol allows tokenization of real estate, enabling direct ownership transfers through smart contracts. This eliminates expensive intermediaries while accelerating transactions.
👉 Discover how 0x is revolutionizing asset exchange
Anyone can build a decentralized exchange (DEX) using the 0x Launch Kit and monetize their platform. The protocol provides a standardized messaging format for exchanges, similar to how SWIFT facilitates global bank communications.
The 0x API aggregates liquidity across the network, ensuring users always get the best prices when swapping assets.
How Does 0x Work?
0x facilitates decentralized token exchange through Ethereum smart contracts that are:
- Free to use
- Publicly accessible
- Integrable by any dApp
Unlike most DEXs that execute trades directly on-chain (incurring high gas fees), 0x uses:
- Off-chain order relay: Users submit orders to relayers (network bulletin boards)
- On-chain settlement: Orders are filled via cryptographic signatures submitted to smart contracts
This hybrid approach reduces:
- Gas fees by ~90%
- Network congestion
- Transaction costs
👉 Explore 0x's innovative protocol
Who Are The Founders of 0x?
Founded in 2016 by:
- Will Warren (CEO): Mechanical Engineering graduate from UC San Diego, former BAT advisor
- Amir Bandeali (CTO): Finance graduate from University of Illinois, former trading specialist
The team raised $24 million in their 2017 ICO, selling out within 24 hours. Today, 0x has:
- 32 core team members
- 5 advisors including Coinbase co-founder Fred Ehrsam
- Over 13,000 ZRX token holder addresses
What Makes 0x Unique?
Key differentiators:
| Feature | Benefit |
|---|---|
| Off-chain relayers | Faster, cheaper transactions |
| Multi-asset support | Handles ERC-20 and ERC-721 tokens |
| Broad application | Powers DEXs, OTC desks, DeFi products |
| Liquidity aggregation | Best prices via 0x API |
What Gives 0x Value?
ZRX derives value from:
- Utility: Rewards relayers with trading fees
- Governance: Token holders vote on protocol upgrades
- Scarcity: Capped supply of 1 billion tokens
In January 2021 alone, 0x processed $5.7 billion in trading volume.
How To Use 0x
Trading Options:
- Peer-to-peer: Send orders via email/IM
- Marketplace: Browse and fill existing orders
Integration Options:
- Wallets (MetaMask)
- DeFi apps (Zapper)
- DEXs (1inch)
- NFT platforms (Gods Unchained)
Liquidity providers include Uniswap, Curve, and Crypto.com.
Choosing a ZRX Wallet
| Wallet Type | Best For | Examples |
|---|---|---|
| Hardware | Large holdings, security | Ledger, Trezor |
| Software | Everyday use | Mobile/desktop apps |
| Web | Frequent trading | Exchange wallets |
0x Staking
Introduced in 2019, staking offers:
- Protocol fee rewards
- Liquidity incentives
- Pooling options for smaller holders
Wrapping Up
0x is building a tokenized future where all assets can exchange freely. Its protocol enables:
- Frictionless P2P trading
- Custom DEX creation
- Optimized liquidity aggregation
With over 50 integrated DeFi projects and first-mover advantage, 0x continues to lead in decentralized exchange innovation.
0x FAQ
Are 0x smart contracts audited?
Yes, by both internal teams and external auditors like Consensys Diligence.
What is a 0x staking pool?
A collective where liquidity providers combine ZRX tokens to earn protocol rewards.
How does 0x compare to Uniswap?
While both enable decentralized trading, 0x's off-chain order relay system typically offers lower fees and faster transactions than Uniswap's fully on-chain model.
What's the max supply of ZRX tokens?
1 billion, with 50% sold in the 2017 ICO.
Can I build my own exchange with 0x?
Yes, using the 0x Launch Kit anyone can create a customized DEX.