0x is currently trading at $0.1826, after a price change of 2.54% in the last 24 hours.
Ranked as cryptocurrency #143 by capitalization today, ZRX market cap is valued at $154,783,288. ZRX trading volume reached $12,277,046 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on ZRX coin price prediction page.
ZRX Coin Price PredictionWhat is 0x?
0X is an open-source, peer-to-peer decentralized exchange network on Ethereum. The protocol uses smart contracts to settle trading orders and is secured with Ethereum’s proof–of–work consensus algorithm. The decentralized applications built on the platform have access to the public liquidity pools. DApps can also develop their liquidity pools and impose transaction charges.
The platform’s governance feature drives the development prospects of the 0x. 0x uses an automated market maker smart contracts in place of the conventional order book. The protocol uses state channels to scale the Ethereum network and cut on transaction charges. The off-chain and on-chain integration streamlines operations.
ZRX is the primary token powering 0x. There are 847,496,054.80 ZRX tokens from a total supply of 1 billion and a matching hard cap. The token is an ERC20 standardized token used in governance. It is also used in paying the node operators. 0x supports both the fungible, ERC20 standardized tokens and the non-fungible tokens, ERC723.
Will Warren and Amir Bandeali are the founders of 0x, a project that debuted in 2016.