>>5311379
ZRX Coin Price
What is 0x | A Quick Overview
0x is an open, permissionless protocol allowing for the exchange of ERC20 tokens on the Ethereum blockchain on a decentralized exchange. By using a model of decentralization, 0x is one of the leaders in creating an exchange that doesn’t need permission.
History of ZRX Coin
ZRX coin started with the launch of a token sale that took place on August 15th and 16th. After bringing in over $24 million worth of Ether, the company sparked the attention of Polychain capital, Blockchain capital and Pantera capital. They have since been building their protocol to launch and have it working on the release of the 0x Protocol V2.
The 0x Coin Founders:
Will Warren - Linkedin - CEO
After going to school for applied physics and mechanical engineering, he dropped out to do 0x with smart contract R&D
Amir Bandeali - Linkedin - CTO
Does Smart Contract R&D while previously being a trader and going to school for finance.
What is The Purpose of 0x Protocol
There’s a problem in the Cryptocurrency realm. Centralization. And that's a fact. The market was created to help get rid of the looming centralization of our money system, politics, industries, and so much more that dictate our world. Getting rid of this, in exchanges, is what ZRX is aiming to do. By creating a protocol exchange without permissions and completely decentralized 0x aims to do this. They are finally helping to create a decentralized exchange platform (which is desperately needed). Granted it is for only ERC-20 tokens on the Ethereum network; it is the first step to something better than Coinbase and Binance. This is a trustless, permissionless, decentralized exchange protocol.
The Features of ZRX Coin - Off-Chain Order Relay With On-chain Settlement
When making an order on the 0x protocol, they are moved off-chain at first. This both helps the Ethereum marketplace not be saturated with orders on-chain, but also reduce the cost of gas that people would typically be paying. Anyone can build something called a relayer which sends the order on-chain for settlement. These not only help broadcast order, facilitating the trade but collect a fee each time.
Shared Liquidity
Since relayers share a standard API, they can quickly aggregate liquidity pools. This allows for a compounding effect as relayers come online and subsequently, a more liquid network altogether.
Open Source and Trustless
Being built on the Ethereum protocol, there is no centralization. Everything is executed immediately upon the sourcing of it, and there isn’t any downtime as the protocol always runs. ZRX is also open-source where anyone can use it at any time. No permissions and no cost.
A Platform For Dapp Creation
Similar to many of the popular and highest grossing coins, the 0x coin can be a protocol for Dapp creation. Any Dapp using an exchange feature needs a protocol. And 0x was created to be used by Dapps for this exact feature in many different ways:
Decentralized Governance - Use tokens to represent ownership and guide governance logic.
Stable Tokens - 0x can help to facilitate economic factors like liquidity and efficiency for a stable token.
Fund Management - By putting the 0x protocol into a fund management smart contract, then the execution is complete and guaranteed.
Prediction Markets - 0x allows predictive market tokens to be instantly traded making the market flow correctly
Decentralized Loans - 0x allows lenders to self-organize and determine market prices for all outstanding loans.
On top of that, the protocol is currently being battle tested.
https://globalcryptoacademy.com/coins/what-is-0x-zrx-coin/