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0x ZRX

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1. Summary

Invest with caution

  • 57% of the 0x code repositories are forked (originally copied) from another project.
Fundamental Rank
Developer Rank
Social Rank
Coinrank
Description

0x is essentially this foundation through which exchanges can be built on top of Ethereum.

0x is essentially this foundation through which exchanges can be built on top of Ethereum.

Any exchange that is built on Ethereum has an issue, and this is the fact that every time a transaction occurs, it has to be verified by the Ethereum network. Now imagine if you wanted to make thousands of transactions in a day, this would prove to be inconvenient in the long term. 0x essentially allows transactions to take place without a need for them to actually be verified by the Ethereum main network.

This is done through the usage of a sidechain. 0x is an open protocol, which means that just about anyone can examine the code behind it, and it allows for tokens to be exchanged without the need for a third party to verify the transactions.

Aside from this, it also uses smart contracts, and this means that it can perform a number of different functions without the need for a third party or a middleman. Furthermore, ERC-20 tokens work well with 0x, which is the most common type on Ethereum, so all of the tokens that exist on Ethereum and are ERC-20 based will work.

The ZRX Token Explained

ZRX is the native token of 0x, through which players are paid for each transaction they make happen. This in turn encourages them to provide the matching service that a centralized platform would otherwise do.

Features of 0x

The orders on 0x are broadcasted off-chain. This means that they are cryptographically signed, so the security is intact, however, they are not uploaded to the blockchain. Then a system of relayers is used that match up the orders. This means that whenever someone wants to accept a trade, they sign it with their own signature, and then upload the entire transaction on the Ethereum blockchain. However, at this point in time, the trade is made and the tokens are transferred between the two parties involved in the transaction. Relayers as a result are paid in ZRX.

There are two types of users that are required in order to operate the 0x market, the first group of users is the makers, that provide liquidity to the order book, or in other words, they place orders on the exchange that do not trade immediately but wait for them to be matched. Then you have the second group, takers, which are those who take liquidity from the order books, and place orders that are instantly matched with existing orders.

Furthermore, 0x can be used to create tokens that represent ownership, and this means that organizations can potentially operate seamlessly as well as autonomously. It is scalable, due to the fact that it keeps unnecessary data off of the Ethereum blockchain, and this, in turn, allows for more trades to take place without slowing down the network. It is fully decentralized, and the code is open-source.

Founders of 0x (ZRX)

Discussing the founders of 0x, the project was founded by Will Warren alongside Amir Bandeali in 2016. The two co-founders do indeed still work on the platform, where Will Warren fills the role as the CEO, while Amir Bandeali fills the role of the CTO at the company.

Discussing their history, Will Warren has worked on several projects and was a technical advisor at Basic Attention Token (BAT), while Amir Bandeali graduated from the University of Illinois and held several trading positions before co-founding 0x.

2. Price

$ZRX / USD

2.1. Market Performance

How does 0x's (ZRX) performance compare to assets of a similar market capitalization?

30 Day Return

-18.4%

ZRX

29.0%

Similar Market Cap

60 Day Return

22.8%

ZRX

102.8%

Similar Market Cap

1 Year Return

114.7%

ZRX

2,278.0%

Similar Market Cap

3. Developer Activity

We're monitoring 110 0x Github repos for commits, code additions and deletions. This data is factored into the Developer Rank.

Weekly Commits (All 0x Repos)

Commits vs. The Market

  • Past 4 weeks: 30 commits vs. an average of 40
  • Past 12 weeks: 196 commits vs. an average of 144
  • Past year: 2,310 commits vs. an average of 980

Most Active Repos

Past week 0
Past 12 weeks 0
Past year 733
Past week 20
Past 12 weeks 143
Past year 473
Past week 8
Past 12 weeks 34
Past year 434
Past week 20
Past 12 weeks 110
Past year 312
Past week 5
Past 12 weeks 77
Past year 267
Past week 0
Past 12 weeks 1
Past year 255
4. Social Activity
Reddit Subscribers 20,061
Active Reddit Users (past 24h) 184
Telegram Users 1,623
Twitter followers 231,290
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://0x.org/
Explorer https://0xtracker.com/
Twitter @0xproject
reddit /r/0xProject
Whitepaper https://0xproject.com/pdfs/0x_white_paper.pdf
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