0x (ZRX)

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Official site (website): https://0xproject.com Official Twitter account: https://twitter.com/0xproject Reddit: https://www.reddit.com/r/0xProject/ Discussion forum: https://chat.0xproject.com/ Official blog (news): https://blog.0xproject.com/latest Slack channel: https://0xproject.slack.com/ Explorer: https://etherscan.io/token/ZRX Explorer: https://ethplorer.io/address/0xe41d2489571d322189246dafa5ebde1f4699f498 PDF document file: https://0xproject.com/pdfs/0x_white_paper.pdf Official Wiki (Wikipedia): https://0xproject.com/wiki Github: https://github.com/0xProject Support email address: mailto:team@0xproject.com CoinMarketCap (coin market cap): https://coinmarketcap.com/currencies/0x/ Alexa website traffic ranking: https://www.alexa.com/siteinfo/0xproject.com

Truth and facts[edit]

  • 0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain.
  • 0x is an open protocol for trustless, low friction exchange of ERC20 tokens.
  • 0x is a protocol that facilitates trustless peer-to-peer exchange of ERC20 tokens. 0x protocol is free to use and allows anyone to create a decentralized exchange; we call these relayers.
  • The world's value is becoming tokenized: The Ethereum blockchain is an open, borderless financial system that represents a wide variety of assets as cryptographic tokens. In the future, most digital assets and goods will be tokenized.
  • Off-chain order relay, On-chain settlement: In 0x protocol, orders are transported off-chain, massively reducing gas costs and eliminating blockchain bloat. Relayers help broadcast orders and collect a fee each time they facilitate a trade. Anyone can build a relayer.
  • A building block for dApps: 0x protocol is a pluggable building block for dApps that require exchange functionality.


  • Trustless exchange: Built on Ethereum's distributed network with no centralized point of failure and no down time, each trade is settled atomically and without counterparty risk.
  • Shared liquidity: By sharing a standard API, relayers can easily aggregate liquidity pools, creating network effects around liquidity that compound as more relayers come online.
  • Open source: 0x is open source, permissionless and free to use. Trade directly with a known counterparty for free or pay a relayer some ZRX tokens to access their liquidity pool.


  • Slogan: Powering decentralized exchange.
  • Slogan: The protocol for trading tokens.
  • 0x (ZRX) is based in San Francisco, CA, United States.


  • The official ticker symbol for 0x token: ZRX
  • Token type: ERC20
  • ZRX is currently used to pay matching fees to relayers and it will be required to vote on the development of the 0x protocol once the governance system is put into place.
  • Total token supply: 1,000,000,000 ZRX
  • Circulating Supply: 476,484,393 ZRX


  • ICO on 15 Aug 2017.

Video Playlist[edit]

0x: an open protocol for trustless, low friction exchange of ERC20 tokens

00:00 Transcript

ICO Review: 0x Project (ZRX) - Protocol for Trading Tokens

00:00 Hi everyone, this is Victoria from crush crypto dot com.
00:02 In this video you're going to learn the basics with a 0x project and the problems that it will solve.
00:06 You understand why the team is raising funds through an initial coin offering (ICO) and how token holders could potentially benefit.
00:12 After this video, remember to check out our complete report on 0x project, which contains key links and resources as well as the complete analysis.
00:22 You can access this by clicking on the link below or by visiting our website at crush crypto dot com.
00:27 So let's begin our review of 0x, the protocol for trading tokens.
00:31 So what is the 0x protocol anyway?
00:34 0x is an open protocol for decentralized exchange in the Ethereum blockchain.
00:39 It supports Ethereum-based assets that adhere to the ERC20 token standard.
00:43 That's simply a standard that ensure assets can be used across different platforms and cultures in the Ethereum ecosystem.
00:49 0x facilitates the peer-to-peer exchange of ERC20 tokens in a secure, trustless, fearless and quick measures through the use of Ethereum smart contracts.
00:59 The key here is that it's secured, trustless, seamless and quick.
01:04 Ultimately all asset classes including commodities, stocks, bonds and digital assets can potentially be represented as a token.
01:11 Anyone or any company can utilize 0x to operate in a decentralized exchange, what's exciting about this project is that because 0x is open-source, developers can build applications on top of it.
01:23 0x as for the basic building blocks that may be combined with other protocols to drive increasingly sophisticated decentralized application or Dapps as shown in this chart.
01:33 Developers can tap into shared liquidity pools or create their own pool and charge transaction fees, so it provides more flexibility in a more secure environment.
01:44 What problem is 0x trying to solve?
01:46 Centralized exchanges such as GDax, Bitfinex, or Poloniex are vulnerable to hacks or security failures, which we have already seen cases of.
01:56 Decentralized exchanges resolve some of the systemic risks boosting and centralized exchanges.
02:00 The issue is that each of these existing projects use their own custom and proprietary smart contracts that they built from scratch and each single project has bootstrap liquidity.
02:12 For the end-user, you have to trust many different smart contracts with your valuable digital assets when all of these contracts do the exact same thing.
02:20 So decentralize exchange is like ether Delta and Oasis are slow, illiquid, expensive and bloat the Ethereum blockchain.
02:28 It's a little technical but what 0x does is it combines the strengths and avoids the weaknesses of these two types of exchanges by having off-chain or the relay with on chain settlement.
02:39 Until the actual exchange of tokens, all the actions are done off-chain.
02:44 The chart on the slide illustrates this process.
02:46 What you need to know is because 0x is decentralized and trustless, there is an essential party which can be hacked, run away with customer funds or be subjected to government regulations.
02:58 Rather than a proprietary system that exists to extract rent for its owners, 0x is a public infrastructure that is funded by a globally distributed community of stakeholders.
03:09 While the protocol is free to use, it enables for-profit applications to be built on top of the protocol.
03:16 Where are the tokens used for?
03:16 The 0x protocol tokens which will have ticker ZRX, will have two main utility functions.
03:23 One, decentralized governance.
03:25 0x tokens allow underlines more contracts to be replaced and improves over time.
03:30 This is important because Ethereum technology stack is rapidly evolving.
03:34 Because it is decentralized, the update process is secure and minimizes disruption to the network.
03:41 The ultimate goal is to maximize security while maximizing the protocols ability to absorb new innovations.
03:46 And 2, relaying fees.
03:49 0x tokens are used by makers and takers or market participants that generate and consume orders, to pay transaction fees to relays, those who host and maintain public order books the 0x team is going to around a crowdfunding through an ICO.
04:03 The token launch will take place on August 15, 2017, with a Ford a contribution fury and it will only accept Ether.
04:11 The launch will release a fix supply of 1 billion 0x token with a hard cap of 24 million US dollars.
04:19 There is no lockup period for tokens sold during the token launch.
04:22 And 100% of the profits raised in the total launch will be used to fund the development of free and open-source software, tools and infrastructure to support the protocol and surrounding ecosystem.
04:33 How can token holder benefit?
04:36 Since a fee in ZRX will be paid for every transaction, the more transactions are being done on the 0x protocol, the more valuable that 0x token should be.
04:44 We expect the world will become increasingly tokenized and the number of transactions will increase substantially, which means there is a lot of upside to 0x.
04:52 The company predicts that by 2020, there will be many thousands of token from the Ethereum blockchain, representing a range of assets from traditional securities like stock and funds, all the way to scale and goods to like video game items, airline miles and loyalty points, and all of these can be tokenized.
05:08 And when that happens, the company believes the value of all tokens proving the range of tens to hundreds of billions of dollars in three to four years.
05:18 Who are the people behind 0x?
05:18 0x is founded in San Francisco and is currently driven by core team of six people.
05:25 Most members of the team are software engineers with one person in charge of operations and another charge of design.
05:31 0x has received funding from various venture capital funds including all polychain capital, pantera capital, blockchain capital, jen advisors and fintech blockchain group.
05:40 As a result, 0x has a strong team of advisors, including the co-founder and product manager of coinbase, the founder of poly chain capital and the founder of augur.
05:49 What are the opportunities of 0x?
05:51 Here we want to highlight six points.
05:55 One, is I mentioned earlier, centralized exchanges are vulnerable to hacks and security failures.
06:01 And when these occurred they often end up on the news.
06:03 This has certainly been one of the biggest factors in hitting widespread adoption of cryptocurrency.
06:07 As they progressed towards decentralization, we will see increasing adoption of cryptocurrencies like Ethereum and 0x tend to benefit from that trend.
06:17 2, this project benefits from the network effect.
06:20 The more transactions are being done on a 0x protocol, the more valuable that 0x becomes.
06:26 This is because investors prefer strangers with heavy volumes and with a lower bid ask spread.
06:31 Three, initial coin offerings are gaining popularity very quickly.
06:36 In July 2017 alone, six hundred and sixty-five million dollars was raised.
06:39 That twice as much money as was raised in the first five months of the year combined.
06:44 Among different ICO platforms, Ethereum is by far the most popular one.
06:47 According to coin market cap, 69 out of the 100 most valuable tokens are using Ethereum platform.
06:56 Four, 0x has already secured partnerships with promising projects including district 0x, augur, melonport for more.
07:02 5, the partnerships with established companies such as bitfinex, for the ethnic spin-off, are especially exciting.
07:12 Bitfinex is one of the largest crypto currency exchanges in the world with trading volumes in the past 24 hours reaching 250 million dollars.
07:18 And evernex is remotely close to the scale of bitfinex, saying 0x will be receiving very heavy usage from the sixth Ranger room.
07:27 And lastly, most of the blockchain focus entry capital firms have invested in 0x.
07:33 Meaning that the project has already passed due diligence of those institutional investors.
07:38 What are our concerns?
07:40 We have three primary concerns.
07:42 First, at SEC regulations, we have restrictions on exchanges operating in the US.
07:47 For US citizens, this means that usage 0x could potentially be limited at certain ERC 20 tokens are considered to be securities.
07:54 Second, ICO contributors cannot use money for wallet for registration or contribution.
08:01 The only supportive wallets are the ledger hardware wallet the metamath extension for Chrome and the parity wallet.
08:07 And our third concern is that your 0x only works for ERC 20 tokens.
08:12 If another smart contract protocol overtake Ethereum in fundraising popularity, there may not be much demands for 0x to goes forward.
08:19 Overall, we at crush crypto like ZRX for flipping and voice long term potential.
08:26 The project, team progress and execution all looks to be promising.
08:29 Aside from its investment merit, we are also rooting for success because the project moves Ethereum forward as a leader of token and smart contracts.
08:36 So in conclusion, what is our recommendation?
08:39 0x could be good for slipping in the short term because of three reasons.
08:44 One, the market environment is improving, so it's very likely that the 24 million u.s.
08:50 Dollar hard cap will be reached.
08:50 Two, the partnership with adfinex really helped exposure of 0x.
08:55 And 3, tokens will be distributed immediately after contribution.
08:59 0x could also because we're holding in the long term for three reasons.
09:04 One, 0x will have fairly strong demand right out of the gate with its partnership with FNX.
09:09 2, we believe the prevalence of tokens is just getting started.
09:13 In five to ten years, the market could be orders of magnitude substantially bigger than what it is now.
09:18 And three, it looks like 0x protocol is better than the existing solutions, either in the centralized or decentralized space.
09:26 Thank you very much for watching, if you like this video please subscribe for more videos about the news on hottest ICOs.
09:32 Remember to check out our full report in the 0x project, which you can access by clicking on the link below alright a video website and crush cruiser dot com.
09:41 Have a good day and see you next time.

What is the 0x Protocol (ZRX)?

00:00 Hello everyone my name is Josh with crypto decoded.
00:02 Today we are going to be going over an introductory video to 0x okay.
00:09 So we're going to be going over what it is, why it's useful and kind of the basic information of the token okay, so let's begin.
00:17 What is 0x? 0x is actually a protocol, it's not an application like a lot of these coins on this channel that we cover are.
00:29 Okay so what does that mean? a protocol is basically just a way, a standard way of transferring information or data.
00:38 So 0x is primarily focused on transferring tokens that are issued on the Ethereum blockchain from one person to another person.
00:51 So let's kind of break that down.
00:54 A lot of the coins that we talk about on this channel are actually applications that are launched on the Ethereum blockchain, which basically just means that the Ethereum network is basically processing the computations necessary to run these applications.
01:15 So the creators of 0x kind of looked at Ethereum,looked at its roadmap, looked at its vision and decided that well, there are all these applications coming out and they're all issuing their new tokens, for example we've talked about golem on this channel, which is an application running on Ethereum and they have their own token which is GMT.
01:41 You might have also heard about Aragon or Argur, I'm not entirely sure which one it is, probably should have done some more research, but that is also an application running on Ethereum and they have their own token.
01:57 So the purpose of 0x is to allow for the transfer or the exchange of these tokens on the Ethereum blockchain.
02:06 So let's say you have two people, Alice has this golem and then Bob has some let's just say Augur, and they want to make a trade.
02:16 And what this 0x protocol allows you to do is make a trade so that these currencies, these different currencies issued on the Ethereum blockchain are able to be traded.
02:30 Now you might be thinking okay that doesn't really sound all that impressive but really when you look at the vision of 0x, their idea for this is that eventually everything will be tokenized, and you know your home might be tokenized the deed to your home might be its own token, all real estate deeds might be a part of a token and they might all exist eventually on the Ethereum blockchain.
02:58 Now you guys might have some reservations about that, I know that that kind of sounds far-fetched even for me and I love Ethereum.
03:07 But basically when you have all of these tokens, the idea is that Ethereum will eventually be able to run thousands of applications and with these thousands of different applications they all might have their own token.
03:23 And so if you need people to own these tokens to be able to use these applications, well, that run that creates a really big problem because the people are going to have to exchange on their own and keep track of it.
03:39 So really what the 0x protocol allows you to do is it kind of allows for token abstraction, which basically just means if you have Ethereum in your wallet, any wallet that's using the 0x protocol will be able to interact with these applications on the Ethereum network without you having to manage your own wallets.
04:02 So let's kind of talk about that a little bit more.
04:07 Let's say you wanted to work with the Golem application which allows for the processing of computer images, the rendering of computer images across the Ethereum network.
04:19 Right now what you have to do is you have to go to an exchange, you have to purchase golem with Ethereum and then you have to use that golem to interact with the golem application.
04:34 With 0x, and this is kind of their vision, with 0x, you would just have Ethereum and then the wallet would see that you're trying to do something with the golem application, and so 0x would initiate a trade where it trades your Ethereum for golem in the background and you don't have to worry about how much golem you have or have how to do the trades or anything like that.
05:03 So it does add for you know a whole bunch of just ease of use for the end consumer.
05:10 So let me look at my notes here, the cool thing about this project was that the protocol was actually released before they did any funding, they tried to receive any funding.
05:26 So a lot of these projects that you'll see actually get their funding and then they start developing their project.
05:34 This project had everything basically done.
05:36 They had a very initial version of the protocol up and running before they did their ICO, so that's a really good sign.
05:47 And then let's talk about competitors, there are of course competitors in this arena although and I will be going more in depth into the competitors in my full in-depth video, so subscribe and check that out if you want to check that out.
06:04 But they have subscribers like Kyber, air swap and idx also loop ring.
06:09 And then the cool thing about this token, so there are going to be 1 billion ZRX tokens, which is the token used for the 0x protocol.
06:25 And these tokens have a fixed supply, so there will always be 1 billion tokens.
06:32 And the cool thing about this token is that these tokens are actually used for fees.
06:38 So the way that this network kind of works is that the basic order booking is done off chain.
06:49 So basically the way that people agree to prices is done off of the Ethereum chain and this allows for a lot of efficiency.
07:02 And so when these order books are being calculated, the people who are calculating these order books need to be somehow rewarded for their computational work and they are rewarded in 0x tokens and so basically this is a fee for somebody who wants to do a transfer between two coins.
07:23 So these this ZRX token is used to pay these fees for the people who do the booking offline.
07:34 And then of course once a price is agreed upon, then it goes to the Ethereum maintenance and the transfer of tokens is actually done on the Ethereum blockchain.
07:45 So guys, this was more of a, this protocol is kind of complicated and you have to understand what Ethereum is to fully understand what it's trying to do but I hope that you did understand it, I hope that you enjoyed the video and if you guys want to see more, subscribe, leave a like if you did like the video and let me know what you think.
08:08 I'll see y'all next time guys bye.





Trade explorers[edit]


Team members[edit]

  • List of team members in 0x (ZRX).
List of team members
Name Position Details
Will Warren CO-FOUNDER & CEO
  • Will Warren is the co-founder and CEO at 0x (ZRX) cryptocurrency.
  • Smart contract R&D. Previously applied physics at Los Alamos Nat Lab. Mechanical engineering at UC San Diego. PhD dropout.
  • From San Francisco, CA, United States.
  • Will Warren is the co-founder and CEO at 0x (ZRX) cryptocurrency.
  • Smart contract R&D. Previously applied physics at Los Alamos Nat Lab. Mechanical engineering at UC San Diego. PhD dropout.
  • From San Francisco, CA, United States.
Amir Bandeali CO-FOUNDER & CTO
Leonid Logvinov ENGINEER
  • Our team is a diverse and globally distributed group with backgrounds in engineering, research, business and design. We are passionate about decentralized technology and its potential to act as an equalizing force in the world.


  • List of advisors for 0x (ZRX).
Name Details
Fred Ehrsam Co-founder of Coinbase. Previously FX trader at Goldman Sachs.
Olaf Carlson-Wee Founder of Polychain Capital. First hire at Coinbase. Angel investor.
Joey Krug Co-CIO at Pantera Capital. Founder of Augur. Thiel 20 Under 20 Fellow.
Linda Xie Co-founder of Scalar Capital. Previously PM at Coinbase.


Token allocation[edit]

0x (ZRX) token allocation.png

White papers[edit]

Frequently asked questions[edit]

No, 0x is a protocol that facilitates trustless peer-to-peer exchange of ERC20 tokens. 0x protocol is free to use and allows anyone to create a decentralized exchange; we call these relayers.