Key metricsKey metrics
PricePrice$0.3394
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 1081 Stars 81 Contributers 38 Open Issues

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

0xProject/0x-launch-kit 146 Stars 5 Contributers 8 Open Issues

Start an exchange in under a minute

0xProject/standard-relayer-api 138 Stars 10 Contributers 14 Open Issues

Standard specifications for 0x relayer public APIs

EconomicsEconomics

Tradeable CoinsTradeable Coins
587,710,996 (59% 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 141,272,594.943 0x: MultiSig 1 (Contract)
0xdb63d40c033d35e79cdbb21430f0fe10e9d97303 116,323,411.5548 0x: Team Vesting (Contract)
0x4e9ce36e442e55ecd9025b9a6e0d88485d628a67 80,000,000 Binance 6
0x030e37ddd7df1b43db172b23916d523f1599c6cb 31,800,000.3188
0xab5d9daac458d49b85829812a2afa80c12365122 30,000,000
0xf38da89048346b33527617dc1deb592921bb6c83 28,072,927.1995
0xa910f92acdaf488fa6ef02174fb86208ad7722ba 27,997,855.6567 Poloniex 4
0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98 20,905,712.1165 Bittrex 1
0xa1e3451d13ba320ee3352ebf3801c30c8d86896e 16,750,000
0xd5eb986f9f84c041f8a63f7db82edd39916abb68 15,324,137.1976
0xdf986074f3db205c28f4b1976391ed6069bcce29 14,675,862.8023
0x056bc6fb68c42e7510df77d10375da19e06aa5cb 14,192,694.6449
0xa1fc785aec8e06c2c52524a6b83c337ff7573a59 10,000,000
0x742d35cc6634c0532925a3b844bc454e4438f44e 9,317,172.304 Bitfinex 5
0xd9ec26518ce6bc348370387379b27e7a5462a81c 8,027,997.062
0x876eabf441b2ee5b5b0554fd502a8e0600950cfa 7,435,287.5266 Bitfinex 4
0xcb0f23a4835e7cd32adacb4e25b8b0541e4becdb 6,522,804.8857
0xeC9Ec27165250D96B64Ee54e366A805C2C465F3E 5,989,523.6297
0xadb2b42f6bd96f5c65920b9ac88619dce4166f94 4,250,631.0755 Huobi 7

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance ZRX/BTC $0.3394 0% $1,788,408 0.23% 0.71%
Coinbase Pro ZRX/USD $0.3391 -0.1% $1,274,218 0.3% 0.3%
Binance ZRX/USDT $0.3382 -0.36% $852,390 0.32% 0.5%
Coinbase Pro ZRX/BTC $0.3395 0.04% $591,659 0.03% 0.26%
Bitfinex ZRX/BUSD $0.3394 0% $444,925 0.42% 0.44%
Coinbase Pro ZRX/EUR $0.3398 0.1% $218,468 0.39% 0.57%
Binance ZRX/ETH $0.3407 0.39% $166,699 0.47% 0.93%
Upbit ZRX/KRW $0.3450 1.6% $157,013 0.25% 1%
Poloniex ZRX/USDT $0.3397 0.08% $86,112 0.29% 0.64%
Poloniex ZRX/BTC $0.3392 -0.06% $67,207 0.35% 0.74%
Gate.io ZRX/USDT $0.3386 -0.25% $60,057 0.59% 1.6%
Bittrex ZRX/ETH $0.3435 1.2% $50,787 0.94% 0.94%
Bittrex ZRX/BTC $0.3389 -0.16% $49,830 0.42% 0.48%
Binance ZRX/BNB $0.3380 -0.41% $49,368 0.55% 0.87%
Bitfinex ZRX/BTC $0.3395 0.04% $46,372 0.39% 0.58%
Bitfinex ZRX/ETH $0.3408 0.41% $23,318 0.4% 0.89%
Poloniex ZRX/ETH $0.3399 0.14% $15,933 0.1% 0.54%
CoinOne ZRX/KRW $0.3459 1.9% $14,261 4.8% 5.5%
Bittrex ZRX/USDT $0.3402 0.23% $6,947.32 1.7% 1.7%
Bittrex ZRX/USD $0.3400 0.16% $6,524.33 1.3% 1.3%
Gate.io ZRX/ETH $0.3410 0.47% $2,514.69 1.2% 49%
Gate.io ZRX/BTC $0.3398 0.1% $1,425.48 1.3% 2.9%
Bitfinex ZRX/DAI $0.3346 -1.4% $30.14 76%
Lykke ZRX/BTC $0.6379 88% $0.0000 77%
Lykke ZRX/ETH $0.3634 7.1% $0.0000 34%

Latest 0x NewsLatest 0x News

Brent Oshiro on Twitter

Didn't win but still proud of the ??DECRYPTING THE LAW show that @jasonsomensatto & I hacked together as an additional resource for our #0x community. Jason is an incredible host & I can't wait to work w/ him on future shows! ??Watch the premiere episode: https://t.co/Acbt0WFjHE… https://t.co/CXo1EaaNfL

0x on Twitter ReadRead 

0x on Twitter

7/ We look forward to further developing a few of the prototypes and to host more hackathons in the future. ?? If you're interested in joining upcoming 0x Core Team hackathons, check out our open positions here: https://t.co/TpzClbNRVG

0x on Twitter ReadRead 

0x on Twitter

6/ The Most Creative prize was awarded to @PVienhage, @ruizhangesq, and Lawrence Forman for Tokenized Second Life, a project that tokenized Linden dollars as ERC-20 tokens and Second Life's items/objects as ERC-721 tokens. Users could exchange these assets via an ATM in-game. ??… https://t.co/d7VmrSbO80

0x on Twitter ReadRead 

0x on Twitter

5/ @Recmo won the Technical Achievement award with ShardToken, which works to keep tokens in wallets and have honest wallets recognize each other through their ancestry. ??… https://t.co/Ne5odhAjUI

0x on Twitter ReadRead 

0x on Twitter

4/ @Steveklbnf was given the Most Liquid award for his project called 0x Orderbook Visualizer, which is a dashboard that presents real-time insights into the health of 0x relayers' order books. ??… https://t.co/2NSEWtOCKm

0x on Twitter ReadRead 

0x on Twitter

3/ The Best in Show and Judges Choice winner was Clippy, a p2p app that mints tokenized put/call options and offers up to 80x leverage! ?? Congrats @burnsbend, @HyszSkies, and Peter Zeitz!… https://t.co/R862GqWJMx

0x on Twitter ReadRead 

0x on Twitter

2/ The 0x team voted on winners in several categories including: ??Best in Show ??Most Liquid ???Best Technical Achievement ??Most Creative @JoeyKrug (@AugurProject, @PanteraCapital) and Olaf Carlson-Wee (@PolychainCap) also joined us to award a Judges Choice prize! ?????

0x on Twitter ReadRead 

0x on Twitter

1/ The 0x Core Team recently hosted its first internal hackathon! ?????????? It was great to see individuals and teams working together to bring their creative ideas to life. Read about all the project submissions and winners below. ?? https://t.co/lSOWAtmbJy

0x on Twitter ReadRead 

Joey Krug on Twitter

So Augur V2 will likely use... @0xProject, @MakerDAO, @UniswapExchange, @b0xNet, and one more thing! Wow, good to see #crypto #ethereum projects interacting in a cool way together to make the overall experience 10x better!

0x on Twitter ReadRead 

Fabrx on Twitter

https://t.co/Afx17Y1uyI beautifully demonstrates the power of the @0xProject instant widget in the @CoinbaseWallet. With a little crypto profit, we bought ourselves two @Target Gift Card Tokens (GCTGT) from the Merchcoins dapp. #BuiltOnFabrx… https://t.co/3AZmI83nsw

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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