0x protocol logo
0x Protocol
ZRX
$0.34

Sector

Platform

Exchange Debut

2017-08-21

Market Cap

292,288,465

Maxim Supply

1,200,000,000

Circulating Supply

847,496,055

Circ. Supply(%)

70.62%
0x protocol logo

0x Protocol

ZRX

Price

$0.34

Market Cap

Sector

Exchange Debut

292,288,465
2017-08-21

Volume 24h

High 24h

Low 24h

12629609
0.372713039069
0.34157863008

Change 24h

Change 7d

Change 30d

-2.9355
3.7559
12.739

Maxim supply

Circulating supply

Circulating supply(%)

1,200,000,000
847,496,055
70.62%

What is 0x Protocol?

 

Overview of 0x Protocol

The 0x Protocol provides infrastructure for decentralized exchange, enabling users to trade ERC20 tokens and assets across multiple blockchains without centralized intermediaries. Through a suite of open-source smart contracts, it offers a flexible and efficient trading mechanism that developers integrate into web3 applications. This protocol is crucial for wallets, DEXes, and portfolio trackers, with its adoption evidenced by a staggering $200B trading volume since its introduction. 

The Power Behind 0x: ZRX Token

The 0x Protocol is driven by the ZRX token, an ERC20 governance token. ZRX token holders can actively participate in protocol governance, influencing protocol modifications and directing the community treasury.

Origins of 0x

Established in 2016 by Will Warren and Amir Bandeali, 0x witnessed a rapid ascent. With Warren serving as CEO and Bandeali as CTO, they spearheaded a successful 2017 ICO, raising $24 million with notable backers like Polychain Capital. Before their venture into 0x, Warren contributed to various research projects and advised Basic Attention Token, while Bandeali, a University of Illinois Finance graduate, explored diverse trading roles. Today, a team of over 30 professionals collaboratively pushes 0x’s boundaries.

What Sets 0x Apart?

0x stands out by supporting both ERC20 and ERC-723 tokens, facilitating a broad spectrum of asset trades. The protocol’s versatility spans from eBay-like digital marketplaces to DeFi protocol exchanges. Beyond primary exchange functionalities, it’s seamlessly incorporated into platforms for in-game purchases or portfolio management. Liquidity takers on the protocol remunerate with ZRX tokens and also cater for gas fees in Ether. Importantly, as an open-source entity, 0x doesn’t claim revenue from these transactions but relies on ZRX incentives and ICO funds.

Fundamental analysis of the Dynex - DNX cryptocurrency

0x Protocol - ZRX performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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