All About 0x (ZRX)

0X protocol is an open-source protocol and enables peer-to-peer exchange of tokens on the Ethereum blockchain.

0X protocol is an open-source protocol and enables peer-to-peer exchange of tokens on the Ethereum blockchain. Several projects have been developed on 0X, such as Radar, ParaDex, and DeversiFi.

  • The protocol is built on an off-chain order relay with on-chain settlement. Specifically, orders are signed and broadcasted on the blockchain, while settlement is done on the blockchain.
  • Unlike Ethereum-built DEXs 1.0 (e.g., Oasis, IDEX), this protocol allows users to send and cancel orders without any associated gas fee, while maintaining the non-custodial feature of DEX.
  • In addition, the 0X protocol allows interoperability between dApps, fostering the liquidity of networks through positive network effects.
  • ZRX tokens are used for governance functions within the 0x ecosystem. They are also used by relayers to create liquidity pools.

Start Trading Now!

Download the Binance.US app here

ZRX/USD
ZRX/USDT

*Legal disclaimer:
This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; and (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice, we make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability or completeness of any such information. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US shall not be liable for any consequences thereof.

Share this article: Link copied to clipboard!

You might also like...