What Is 0x (ZRX)?
0x is an infrastructure protocol designed to facilitate seamless trading of ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges. By leveraging open-source smart contracts, 0x creates a low-friction, decentralized trading ecosystem that developers can easily integrate into their applications.
At its core, 0x operates using its native ERC20 utility token, ZRX. Key features of the ZRX token include:
- Relayer Incentivization: Nodes (or "relayers") hosting off-chain order books and providing user-facing trading interfaces earn ZRX as transaction fees.
- Governance Participation: ZRX holders can vote on protocol upgrades and proposals, ensuring decentralized decision-making.
- Staking Rewards: Since 2019, ZRX introduced staking mechanisms where holders delegate tokens to market makers to earn passive rewards while retaining voting rights.
👉 Explore how ZRX staking works
Founders of 0x
(Section to be expanded with details about the founding team, their backgrounds, and the project's inception.)
Unique Features of 0x
0x stands out due to its:
- Decentralized Architecture: Eliminates single points of failure.
- Interoperability: Supports diverse Ethereum-based assets.
- Developer-Friendly Tools: Offers modular smart contracts for easy integration.
- Liquidity Aggregation: Connects multiple off-chain order books for deeper liquidity.
Circulating Supply of ZRX
(Details on total supply, circulating supply, and emission schedules will be added here.)
Network Security
0x relies on Ethereum’s Proof-of-Stake (PoS) consensus for security, ensuring all transactions and smart contract interactions are cryptographically verified.
Where to Buy ZRX
ZRX is available on major exchanges like:
- OKX
- Binance
- Coinbase
(List will be expanded with trading pairs and step-by-step purchase instructions.)
FAQ Section
1. What is the primary use case of ZRX?
ZRX powers the 0x ecosystem by incentivizing relayers, enabling governance, and facilitating staking rewards.
2. How does 0x differ from centralized exchanges?
0x operates without custodial risks, allowing peer-to-peer trading via smart contracts.
3. Can ZRX tokens be staked?
Yes, ZRX holders can delegate tokens to earn passive income.
4. Is 0x compatible with other blockchains?
Currently, 0x is optimized for Ethereum, but cross-chain expansions may be explored.
5. How are fees calculated on 0x?
Fees are paid in ZRX and vary based on relayer policies.