What is 0x (ZRX)?

0x often refers to its solution as the “Craigslist for cryptocurrencies,” in that any developer can build their own cryptocurrency exchange and post it online. 0x's own Ethereum token (ZRX) is used to pay trading fees to relayers, which are used to connect makers with takers. Will Warren and Amir Bandeali co-founded 0x in October 2016.

What is ZRX & how does it work?

ZRX is used to incentivize users to host and maintain order books for 0x markets. In exchange for this essential service, 0x users gain exposure to fees paid when traders buy and sell assets on the platform, and they may earn additional rewards denominated in ZRX.

What is The ZRX coin?

The ZRX coin is part of the DeFi world and is linked to the 0x protocol. The 0x protocol was created by ZeroEx Inc, a company set up in 2017 by Will Warren, a former technical adviser to Basic Attention Token (BAT), and Amir Bandeali, a former trader.

How much did 0x (ZRX) raise?

The ICO (initial coin offering) for 0x took place in August 2017, and the platform managed to raise $24 million. Further, the platform received ample support from investment firms, including FBG Capital, Pantera Capital, and more. How Are New 0x (ZRX) Tokens Created?