0x


Name

0x

Summary

The 0X protocol is an open-source protocol that allows for peer-to-peer token exchange
-It was founded by Will Warren and Amir Bandeali
-The protocol is based on an off-chain order relay that settles on-chain.

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Rating

BBB

Symbol

ZRX

Overview

0x is a system that allows users to trade ERC20 tokens and other assets on the Ethereum blockchain without the assistance of centralised intermediaries such as traditional cryptocurrency exchanges.
0x achieves this decentralised exchange capability by combining open-source, publicly auditable smart contracts to create a flexible, low-friction trading protocol that developers can simply incorporate into their products.
The 0x protocol can be used for a variety of applications, including eBay-style markets for digital products and services, OTC trading desks, DeFi protocol exchange capabilities, and plain-old decentralised exchanges.

Historical Price Movement (in INR)

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Technology

0x is a messaging protocol as well as a set of smart contracts. Market makers can send messages off-chain including information about their order, such as the tokens being exchanged, the price, and the order's expiration date. A token registry, which is a smart contract that stores the list of ERC20 tokens available for exchange, keeps track of the right message format. The registry acts as the official on-chain reference for transaction settlement, allowing market participants to verify the token addresses and exchange rates at which deals will settle once conducted. Takers sign messages and the smart contracts accept them and perform the trade on-chain. The smart contracts also contain the logic that allows the protocol to be upgraded over time.
0x is built on the Ethereum blockchain. As a result of the combined efforts of the huge Ethereum miner and node network, it is safe against attacks. It also supports Solidity as its programming language.
Use of Native tokens in the ecosystem: The 0x platform's native token is ZRX. ZRX token holders have the ability to vote on any suggestions put up by the 0x team as the network develops. Each 0x coin serves as a vote, incentivizing users to keep additional 0x in their wallets. All ZRX tokens are locked during voting while the results are determined. This assures that any changes done will have a direct impact on all voters (preventing sabotage). Users can also participate in liquidity pools to gain incentives on their ZRX investments.

ICO

50%

0x core development organization

15%

External project development fund

15%

Founding team

10%

Early backers and advisors

10%

Volume (17th May 2022)

$38,159,128

Total Supply

1000000000

Circulating supply

847,496,054.80 ZRX

Crowd Sales

0x has raised a total of $133M in funding

Funding

26/04/2022: Series B- $70M
5/02/2021: Series A- $15M
14/08/2017: Initial coin offering- $24M

Country

USA

Name of Organization

ZEROEX, Inc

Year Incorporated

2017

Registered Address

1559 CARPENTIER ST. SAN LEANDRO CA 94577 United States

Dispute Resolution and Governing Law

USA

Country Risk Assessment

A1

Founding Team
NameDesignationEducationExperience
Amir BandealiCo-FounderUniversity of Illinois Urbana-Champaign: Bachelor of Science (BSc), Finance, General9 Yrs
Will WarrenCo-Founder and CEOUC San Diego: PhD Dropout., Structural Engineering UC San Diego: B.S., Mechanical Engineering9 Yrs