ZRX 0x (ZRX) | Rating: 8/10 | Outlook: Positive

2019-09-09 8/10

0x is a decentralised exchange protocol that enables the peer to peer exchange of Ethereum based cryptocurrencies. 0x is actually one of the first projects to focus on a DEX protocol having being founded in 2016. When you trade tokens on the 0x protocol, you are doing so on an off-chain relay. This is different from other DEXs where the transactional smart contracts are executed on the main chain. 0x has built a governance component into their network. Those who hold the ZRX token are able to vote on certain proposals that will affect the blockchain. The ZRX token is an ERC20 that were issued on the Etheruem blockchain. ZRX tokens are essential to the function of the protocol as they are used to pay the relayers in order to route the orders. They can also be used in order to vote on protocol improvements. The 0x team issued these tokens in a crowdsale ICO that took place way back in 2017. They were able to sell 500 million ZRX tokens at a price of 7 cents each. ZRX has been on a wild ride since then in terms of price. There is quite a strong team component at 0x and there are over 38 core members. They have backgrounds ranging from Engineering to Finance and software development. There has been pretty strong development on the protocol as you can see from their GitHub repositoyry and commits. ZRX is listed on a number of exchanges including Binance, Coinbase Pro and Poloniex. The volume is well spread out across these exchanges which means that ZRX is not dependent on a singular market. There is also strong liquidity on the individual order books. ZRX is less volatile than other similar sized altcoins. *Coin Bureau's views are not investment advice. Do Your Own Research.

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