Key metricsKey metrics
PricePrice$0.2031
Asset TypeAsset TypeGovernance
StructureStructureFoundation
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorDecentralized Exchange
IndustryIndustryBlockchain
FoundedFounded25-Oct-2016
Funds raisedFunds raised24M
CountryCountryUnited States
Key personKey personWill Warren

0x (ZRX) Information{coin_name} ({symbol}) Information

0x is an open protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain.

The 0x protocol aims to support decentralized exchanges with an off-chain order book and on-chain settlements.

Team OverviewTeam Overview

Fabio Berger
SENIOR ENGINEER

Full-stack blockchain engineer. Previously software engineer at Airtable and founder of WealthLift. Computer Science at Duke.

Will Warren
CO-FOUNDER & CEO

Smart contract R&D. Previously applied physics at Los Alamos Nat Lab. Mechanical engineering at UC San Diego. PhD dropout.

Amir Bandeali
CO-FOUNDER & CTO

Smart contract R&D. Previously fixed income trader at DRW. Finance at University of Illinois, Urbana-Champaign.

Alex Xu
DIRECTOR OF OPERATIONS

Strategy and operations. Previously digital marketing at Google and vendor management at Amazon. Economics at UC San Diego.

Ben Burns
DESIGNER

Product, motion, and graphic designer. Previously designer at Airtable and Apple. Digital Design at University of Cincinnati.

Leonid Logvinov
ENGINEER

Full-stack blockchain engineer. Previously blockchain engineer at Neufund. Computer Science at University of Warsaw.

Brandon Millman
SENIOR ENGINEER

Full-stack engineer. Previously senior software engineer at Twitter. Electrical and Computer Engineering at Duke.

Tom Schmidt
PRODUCT MANAGER

Previously engineering at Apple, product management at Facebook and Instagram. Computer Science at Stanford.

Jacob Evans
BLOCKCHAIN ENGINEER

Previously software engineer at Qantas and RSA Security.

Blake Henderson
OPERATIONS ASSOCIATE

Operations and Analytics. Previously analytics at LinkedIn. Economics at UC San Diego.

Zack Skelly
LEAD RECRUITER

Talent. Previously first recruiter at Heap, recruiting at Dropbox and Google. English Rhetoric and Composition at Pepperdine.

Greg Hysen
BLOCKCHAIN ENGINEER

Smart contract R&D. Previously lead distributed systems engineer at Hivemapper. Computer Science at University of Waterloo.

Remco Bloemen
TECHNICAL FELLOW

Previously cofounder at Neufund and Coblue. Part III at Cambridge. PhD dropout at Twente Business School.

Francesco Agosti
SENIOR FRONTEND ENGINEER

Full-stack engineer. Previously senior software engineer at Yelp. Computer Science at Duke.

OrganizationsOrganizations

ZeroEx, Intl.

Questions and AnswersQuestions and Answers

What problem does 0x solve?
In the two years since the Ethereum blockchain’s genesis block, numerous decentralized applications (dApps) have created Ethereum smart contracts for peer-to-peer exchange. Rapid iteration and a lack of best practices have left the blockchain scattered with proprietary and application-specific implementations. As a result, end users are exposed to numerous smart contracts of varying quality and security, with unique configuration processes and learning curves, all of which implement the same functionality. This approach imposes unnecessary costs on the network by fragmenting end users according to the particular dApp each user happens to be using, eliminating valuable network effects around liquidity. 0x is the solution to this problem by acting as modular, unopinionated building blocks that may be assembled and reconfigured.
What are the differences between 0x protocol and state channels?
Participants in a state channel pass cryptographically signed messages back and forth, accumulating intermediate state changes without publishing them to the canonical chain until the channel is closed. State channels are ideal for “bar tab” applications where numerous intermediate state changes may be accumulated off-chain before being settled by a final on-chain transaction (i.e. day trading, poker, turn-based games). While state channels drastically reduce the number of on-chain transactions for specific use cases, numerous on-chain transactions and a security deposit are required to open and safely close a state channel making them less efficient than 0x for executing one-time trades. State channels are isolated from the Ethereum blockchain meaning that they cannot interact with smart contracts. 0x is designed to be integrated directly into smart contracts so trades can be executed programmatically in a single line of Solidity code.
Why must transaction fees be denominated in 0x token (ZRX) rather than ETH?
0x protocol’s decentralized update mechanism is analogous to proof-of-stake. To maximize the alignment of stakeholder and end user incentives, the staked asset must provide utility within the protocol.
How will decentralized governance work?
Decentralized governance is an ongoing focus of research; it will involve token voting with ZRX. Ultimately the solution will maximize security while also maximizing the protocol’s ability to absorb new innovations. Until the governance structure is formalized and encoded within 0x DAO, a multi-sig will be used as a placeholder.
What is the total supply of ZRX tokens?
1,000,000,000 ZRX. Fixed supply.
What types of digital assets are supported by 0x?
0x supports all Ethereum-based assets that adhere to the ERC20 token standard. There are many ERC20 tokens, worth a combined $2.2B, and more tokens are created each month. We believe that, by 2020, thousands of assets will be tokenized and moved onto the Ethereum blockchain including traditional securities such as equities, bonds and derivatives, fiat currencies and scarce digital goods such as video game items. In the future, cross-blockchain solutions such as Cosmos and Polkadot will allow cryptocurrencies to freely move between blockchains and, naturally, currencies such as Bitcoin will end up being represented as ERC20 tokens on the Ethereum blockchain.
What will the token launch proceeds be used for?
100% of the proceeds raised in the token launch will be used to fund the development of free and open source software, tools and infrastructure that support the protocol and surrounding ecosystem. Check out our development roadmap.
Explain how the 0x protocol token (zrx) works.
0x protocol token (ZRX) is utilized in two ways: 1) to solve the coordination problem and drive network effects around liquidity, creating a feedback loop where early adopters of the protocol benefit from wider adoption and 2) to be used for decentralized governance over 0x protocol's update mechanism. In more detail: ZRX tokens are used by Makers and Takers (market participants that generate and consume orders, respectively) to pay transaction fees to Relayers (entities that host and maintain public order books). ZRX tokens are used for decentralized governance over 0x protocol’s update mechanism which allows its underlying smart contracts to be replaced and improved over time. An update mechanism is needed because 0x is built upon Ethereum’s rapidly evolving technology stack, decentralized governance is needed because 0x protocol’s smart contracts will have access to user funds and numerous dApps will need to plug into 0x smart contracts. Decentralized governance ensures that this update process is secure and minimizes disruption to the network.
Will there be a lockup period for ZRX tokens sold in the token launch?
No, ZRX tokens sold in the token launch will immediately be liquid.
Will there be a lockup period for tokens allocated to the founding team?
Yes. ZRX tokens allocated to founders, advisors and staff members will be released over a 4 year vesting schedule with a 25% cliff upon completion of the initial token launch and 25% released each subsequent year in monthly installments. Staff members hired after the token launch will have a 4 year vesting schedule with a one year cliff.

TechnicalTechnical

Key metricsKey metrics
PrivacyPrivacyPseudonymous
AlgorithmAlgorithmEthash
ProofProofProof of work
Token InformationToken Information
0x is a token on the ETH platform using the ERC-20 standard. The address of the token contract is 0xE41d2489571d322189246DaFA5ebDe1F4699F498.

Source Code Repositories

0xProject/0x-monorepo 1108 Stars 83 Contributers 70 Open Issues

0x protocol monorepo - includes our smart contracts and many developer tools

0xProject/0x-launch-kit 164 Stars 7 Contributers 5 Open Issues

Start an exchange in under a minute

0xProject/0x-launch-kit-backend 142 Stars 12 Contributers 10 Open Issues

Launch a 0x relayer in under a minute

EconomicsEconomics

Tradeable CoinsTradeable Coins
598,145,091 (60% of total) ({tradeable_of_total} of total)

Rich List Addresses holding the largest balances

AddressAddress AmountAmount NameName
0x206376e8940e42538781cd94ef024df3c1e0fd43 144,659,068.7241 0x: Ext Dev Pool (Contract)
0x606af0bd4501855914b50e2672c5926b896737ef 140,872,428.383 0x: MultiSig 1 (Contract)
0xdb63d40c033d35e79cdbb21430f0fe10e9d97303 114,388,227.5677 0x: Team Vesting (Contract)
0xbe0eb53f46cd790cd13851d5eff43d12404d33e8 87,817,411.8899
0xab5d9daac458d49b85829812a2afa80c12365122 30,000,000
0xa910f92acdaf488fa6ef02174fb86208ad7722ba 28,143,545.0009 Poloniex 4
0xf38da89048346b33527617dc1deb592921bb6c83 28,072,927.1995
0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98 20,663,063.2431 Bittrex 1
0x056bc6fb68c42e7510df77d10375da19e06aa5cb 20,000,000
0xf977814e90da44bfa03b6295a0616a897441acec 19,500,000.3188
0xa1e3451d13ba320ee3352ebf3801c30c8d86896e 16,750,000
0xd5eb986f9f84c041f8a63f7db82edd39916abb68 15,324,137.1976
0xdf986074f3db205c28f4b1976391ed6069bcce29 14,675,862.8023
0xa1fc785aec8e06c2c52524a6b83c337ff7573a59 10,000,000
0x876eabf441b2ee5b5b0554fd502a8e0600950cfa 9,580,543.6434 Bitfinex 4
0x742d35cc6634c0532925a3b844bc454e4438f44e 9,317,172.304 Bitfinex 5
0xd9ec26518ce6bc348370387379b27e7a5462a81c 8,122,440.7322
0xb3319f5d18bc0d84dd1b4825dcde5d5f7266d407 6,628,839.3491 Compound 0x
0xcb0f23a4835e7cd32adacb4e25b8b0541e4becdb 6,522,804.8857
0x22baa03bb63a7d17eb83715168b83dbe449bca1d 5,821,510.3381

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Coinbase Pro ZRX/USD $0.2028 -0.1% $1,141,497 0.06% 0.39%
Binance ZRX/BTC $0.2034 0.15% $693,573 0.06% 0.66%
Binance ZRX/USDT $0.2038 0.35% $435,569 0.36% 0.81%
Binance ZRX/ETH $0.2031 0% $202,827 0.1% 0.82%
Coinbase Pro ZRX/BTC $0.2035 0.21% $169,715 0.24% 0.49%
Coinbase Pro ZRX/EUR $0.2041 0.5% $152,448 0.48% 0.48%
Poloniex ZRX/USDT $0.2016 -0.74% $110,072 2.7% 2.7%
Bitfinex ZRX/BUSD $0.2031 0% $90,870 0.14% 0.93%
Upbit ZRX/KRW $0.2009 -1.1% $68,267 0.42% 0.84%
Bittrex ZRX/BTC $0.2027 -0.2% $62,129 0.12% 0.89%
Binance ZRX/BNB $0.2023 -0.35% $36,989 0.3% 1.9%
Poloniex ZRX/BTC $0.2024 -0.31% $23,636 0.3% 0.91%
Bitfinex ZRX/ETH $0.2021 -0.48% $22,123 0.37% 0.78%
Bitfinex ZRX/BTC $0.1999 -1.5% $11,361 0.52% 0.87%
Gate.io ZRX/USDT $0.2018 -0.64% $10,259 1.2% 1.6%
Poloniex ZRX/ETH $0.2016 -0.73% $4,970.76 0.27% 2%
Bittrex ZRX/ETH $0.2025 -0.29% $1,776.31 1.1% 1.1%
CoinOne ZRX/KRW $0.1836 -9.6% $1,287.60 2.1% 62%
Gate.io ZRX/BTC $0.1883 -7.3% $766.73 6.7% 36%
Bittrex ZRX/USDT $0.2025 -0.26% $629.41 6.1% 6.1%
Bittrex ZRX/USD $0.1960 -3.5% $612.51 1.7% 1.7%
Gate.io ZRX/ETH $0.1898 -6.5% $491.03 3%
Bitfinex ZRX/DAI $0.2001 -1.4% $3.2348 7.1%
Lykke ZRX/BTC $0.6863 240% $0.0000 77%
Lykke ZRX/ETH $0.2040 0.49% $0.0000 19%

Latest 0x NewsLatest 0x News

0x on Twitter

Get up to speed on all the recent news from around the 0x ecosystem! ?? ?? Coordinator live on @BambooRelay ?? MoM increase in stablecoin trade volume ??? Interview with @AntonioMJuliano from @dYdXProtocol https://t.co/JTYTqFOQrc

0x on Twitter ReadRead 

Gods Unchained on Twitter

We’re thrilled to announce the addition of Chris Clay, former Game Director of Magic The Gathering Arena, to the Gods Unchained team! ?? Don't miss Clay's Live Reddit AMA - Fri, 9am PST / Sat, 2am AEST https://t.co/FtDh1ymt86

0x on Twitter ReadRead 

ConsenSys on Twitter

Congrats ?? to @ethstatus, @storjproject , @0xproject , @metamask_io, @makerdao, @gnosisPM, @augurproject, and @originprotocol for all the hard work ?? https://t.co/8bwEG7vGgs

0x on Twitter ReadRead 

microsponsors.io on Twitter

??New blog post: Blockchain's Killer Apps Are Marketplaces https://t.co/TMR3CYkA5F

0x on Twitter ReadRead 

0x on Twitter

2/ Learn more about how to tap into 0x's networked liquidity pool by reading through our documentation. ?? https://t.co/9EkQorI0oG And don't hesitate to reach out on our Discord chat for assistance with building on 0x. ?? https://t.co/3Zi059uasn

0x on Twitter ReadRead 

0x on Twitter

1/ @RadarRelay now has the lowest slippage for $1k, $10k, $50k, and $100k trades on ETH/USDC! ?? DeFi projects looking to programmatically swap popular tokens at the best prices should check out our recent post on contract-fillable liquidity. ?? https://t.co/91a5MTLTaC… https://t.co/CInEOwpI3i

0x on Twitter ReadRead 

0x on Twitter

We are excited to offer up a $2k prize to the hackathon team that best utilizes the 0x protocol! ????? Learn more about how 0x can facilitate p2p exchange in your @CHZWZRDS project. ?? https://t.co/xRfR2jKcL9… https://t.co/QXf12HqUVj

0x on Twitter ReadRead 

Tokenlon DEX on Twitter

Here are the numbers from week #1 of our official DEX release ?? ?? Volume went up to 7061 $ETH ?? On the first day, DAI trading volume increased 9x ?? Users mainly trade $ETH, $USDT, $DAI Download @imTokenOfficial wallet and start trading on our DEX instantly!… https://t.co/WuZFToV3nt

0x on Twitter ReadRead 

0x on Twitter

Reminder: For a chance to win a limited edition 0x swag box, retweet our new explainer video and subscribe to our YouTube channel by Monday (8/5)! ?? https://t.co/FksF4c6q75

0x on Twitter ReadRead 

0x on Twitter

2/ To learn more about how to programmatically source liquidity from 0x, read through our recent case study featuring @dydxprotocol. ?? https://t.co/vHTZB6bjsM

0x on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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