Promotion
Publish ICO
Coins
Calendar
Crypto Events
News
DeFi
NFT
WEB3
Games
Trends
-
EN
English Русский Deutsch Español French Italian Portugues Indonesian Turkish Dutch العَرَبِيَّة বাংলা 中文(简体) 한국 हिन्दी 日本語
- Sign In
Bithumb
OKX
Binance
HitBTC
HitBTC
DigiFinex
OKX
HTX
OKX
DigiFinex
Bitfinex
Upbit
Upbit
Upbit
Binance
HitBTC
HitBTC
HitBTC
BitMart
BitMart
Kraken
Kraken
BitMart
Bitstamp
Bitstamp
Bittrex Global
Bittrex Global
Bittrex Global
Kraken
BKEX
DigiFinex
CoinTiger
ABCC
Bitfinex
Bitfinex
HTX
HTX
Binance
Kraken
WhiteBIT
XT.COM
ProBit Global
Omgfin
Omgfin
Omgfin
BiONE
AlterDice
ZebPay
Catex
ProBit Global
AlterDice
WazirX
Coinbase Exchange
Coinbase Exchange
Bancor Network
Catex
Coinfield
Coinfield
AscendEX (BitMax)
Bilaxy
Mercatox
EXMO
EXMO
EXMO
Gemini
AscendEX (BitMax)
Coinbase Exchange
Mercatox
Bitexlive
Bitexlive
CEX.IO
P2B
P2B
P2B
Bitkub
Zonda
Poloniex
Indodax
Independent Reserve
Independent Reserve
Independent Reserve
Independent Reserve
Poloniex
P2B
Poloniex
Bittrex Global
CEX.IO
Zonda
NovaDAX
Coinone
WazirX
CoinJar Exchange
CoinJar Exchange
GoPax
Hotbit
CoinEx
Hotbit
CoinEx
CoinEx
Bitstamp
LATOKEN
Hotbit
HTX
WazirX
Bitsten
Bitrue
Bitrue
Bitkub
Mercado Bitcoin
Bitrue
CoinJar Exchange
CoinJar Exchange
CREX24
Zonda
WazirX
Bybit
Zipmex
Zipmex
Zipmex
Blockchain.com
Nominex
Bitget
AAX
Decoin
Decoin
FMFW.io
FMFW.io
FMFW.io
Binance US
BTSE
BTSE
BTSE
BingX
Crypto.com Exchange
Dex-Trade
Dex-Trade
Dex-Trade
FTX
Zipmex
Zipmex
Zipmex
Phemex
KickEX
Gate.io
Nominex
Nominex
Hoo.com
BitBNS
Bitubu Exchange
Binance US
BTSE
AEX
MEXC
Blockchain.com
TokoCrypto
eToro
TokoCrypto
ZebPay
Bitubu Exchange
Dove Wallet
Dove Wallet
Bitubu Exchange
Bitvavo
Dove Wallet
BitBNS
NiceHash
Blockchain.com
WOO X
Nominex
Balancer V1
GoPax
Dove Wallet
Rhino.fi
Dove Wallet
Rhino.fi
LATOKEN
Dcoin
Exrates
Exrates
Exrates
AlterDice
GDAC
GDAC
BTC-Alpha
ChainEX
C-Patex
DragonEx
Beaxy
SatoExchange
SatoExchange
SatoExchange
Bitci TR
BTSE
BTSE
Probit (Korea)
StellarTerm
Dove Wallet
Virgox
Dove Wallet
Dove Wallet
Dove Wallet
OKX
Coinpark
Tidex
Tidex
Atomars
Atomars
Atomars
1inch Liquidity Protocol
SatoExchange
HTX
Balancer V2
IDCM
Bitget
NovaDAX
NovaDAX
Zonda
Zonda
TOKOK
TOKOK
Huobi Korea
Huobi Korea
Coineal
Coineal
Huobi Korea
Oceanex
Oceanex
Zonda
VCC Exchange
CoinEx
CoinBene
Dove Wallet
KuCoin
KuCoin
VB
VCC Exchange
VCC Exchange
ForkDelta
Kyber Network
CoinBene
Abit
Abit
Dove Wallet
Flybit
Huobi Korea
Emirex
Emirex
Resfinex
Resfinex
Flybit
Dove Wallet
ZBG
Bitkub
Bithumb
Upbit
Coinone
GoPax
Upbit
Bithumb
Coinone
GoPax
C2CX
C2CX
Bitsten
HitBTC
Braziliex
Coinfield
Bitrue
AlterDice
BitZ
C2CX
CoinTiger
Dove Wallet
AEX
Huobi Korea
WhaleEx
Bitubu Exchange
BiKi
BiKi
ProBit Global
Bamboo Relay
AAX
LocalTrade
LocalTrade
LocalTrade
Huobi Indonesia
Balancer V2
Radar Relay
BiONE
Float SV
Balancer V2
Sistemkoin
CoinHe
CoinHe
CoinHe
OKEx Korea
OKEx Korea
Bitci TR
OKEx Korea
Bithumb
SatoExchange
Binance
Binance
Gate.io
Gate.io
Bitexlive
CoinAll
Uniswap (v3)
Bitsonic
WhiteBIT
WhiteBIT
Float SV
Float SV
Coinbit
BW.com
ZB
BiONE
Lykke
Lykke
AAX
OasisDEX
Radar Relay
Bamboo Relay
Hoo.com
Binance
Lukki
Livecoin
Livecoin
Livecoin
Livecoin
Sistemkoin
Sistemkoin
Sistemkoin
Vebitcoin
Nash
BiKi
C2CX
Altilly
BitAsset
Idex
FinanceX
Nash
OasisDEX
CryTrEx
MEXC
Eterbase
Lukki
Coinbit
Eterbase
BKEX
Eterbase
Bancor Network
Eterbase
CoinEx
Tokenize
Tokenize
AirSwap
HPX
Omgfin
IQFinex
IQFinex
Coinfield
Coinfield
ExtStock
BiHODL
ZG.com
ZG.com
ZG.com
Bitci TR
ZB
ZB
Saturn Network
Bitsten
Huobi US (HBUS)
Huobi US (HBUS)
Token.Store
Bitsdaq
Bitsdaq
Bitsdaq
Nexybit
BW.com
BW.com
BW.com
AscendEX (BitMax)
CryptalDash
CryptalDash
Hubi
Hubi
Trade Satoshi
Trade Satoshi
Trade Satoshi
Trade Satoshi
Bitfinex
FinanceX
FinanceX
DDEX
Bancor Network
C2CX
Everbloom
Upbit
Purcow
XT.COM
Huobi US (HBUS)
Trade.io
LocalTrade
Trade.io
Trade.io
GDAC
ABCC
Ethfinex
Ethfinex
CredoEx
Ethfinex
Okcoin
CoinExchange.io
Max Maicoin
Coinplace
CoinExchange.io
CoinExchange.io
Max Maicoin
Nash
Ethfinex
Max Maicoin
CoinExchange.io
Korbit
Coinzest
Daybit
Daybit
DDEX
GoPax
COINX.PRO
COINX.PRO
TokenJar
Joyso
Max Maicoin
Max Maicoin
OpenLedger DEX
OpenLedger DEX
OpenLedger DEX
OpenLedger DEX
OpenLedger DEX
OpenLedger DEX
Bitinfi
Coinzest
CredoEx
ABCC
FCoin
BITFRONT
BITFRONT
Coinzest
Nexybit
Nexybit
Mandala
Mandala
Bitinfi
WhiteBIT
WhiteBIT
Cobinhood
Cashierest
BITKER
BITKER
Bilaxy
COINBIG
Dex-Trade
XT.COM
OTCBTC
EXX
FinexBox
ZG.com
ZG.TOP
Coinchangex
LiteBit
Koinex
BiteBTC
BiteBTC
Huobi Korea
Huobi Korea
Huobi Korea
Prixbit
Trade.io
Bitsane
Bitsane
Bitsane
Ethex
Bitsane
Bitsane
Bitsane
WhiteBIT
C2CX
Bitsane
Prixbit
Prixbit
SatoExchange
XT.COM
Sistemkoin
Upbit
Bithumb
Coinbit
Coinbase Exchange
LiteBit
Zonda
Coinone
Korbit
GoPax
GDAC
Coinzest
UniDAX
ZB
BW.com
Zonda
Bitsane
YoBit
YoBit
YoBit
Bitsane
Bitsane
Bitsane
Cryptopia
Cryptopia
Cryptopia
Gate.io
Gate.io
Gate.io
CODEX
CODEX
ZB
Gatecoin
Gatecoin
Cryptobulls
Sistemkoin
BigONE
AXNET
CoinMex
CoinBene
OAX
Liqui
Liqui
Liqui
Coinbase Pro
Coinbase Pro
Coinbase Pro
ZG.com
Max Maicoin
Paro Exchange
Paro Exchange
Paro Exchange
DDEX
Cobinhood
FatBTC
Alluma
BitMart
Tokenomy
AXNET
AXNET
Trade.io
YoBit
YoBit
YoBit
Blockonix
Trade.io
Max Maicoin
0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges.
0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.
The protocol is powered by an ERC20 utility token known as ZRX. Nodes that (also known as relayers) host an off-chain order book and offer user-facing applications that present this information and allow users to make, fill and cancel transactions are paid in ZRX tokens (as trading fees). ZRX can also be used to participate in platform governance, helping holders suggest and vote on changes to the protocol.
In 2019, 0x announced an overhaul of the ZRX token, adding extra functionality, allowing ZRX holders to delegate their stake to a market maker to earn passive rewards while retaining their voting capacity.
June 25
August 9
August 12
August 15
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Opportunities:
The problems that 0x is trying to solve benefit from decentralization. The risks pertaining to centralized exchange are some of the biggest factors preventing the wide adoption of cryptocurrency. The hacks at different exchanges are some of the biggest news that layman learn about cryptocurrencies and this is undesirable.
Network effect is in place for this project. The more usage the 0x protocol (exchanges) has, the more valuable ZRX is. This is because investors prefer exchanges with heavy volume and lower bid/ask spread.
ICO is a new trend that is gaining popularity very quickly. In July 2017 alone, $665 million was raised – that is twice as much money as was raised in the first five months of the year combined.
Among different ICO platforms, Ethereum is by far the most popular one. According to Coinmarketcap, 69 out of the 100 most valuable tokens are using the Ethereum platform.
0x has already secured partnerships with promising projects including Ethfinex, District0x, Augur, and Melonport, among others.
The partnerships with established companies such as Bitfinex (for their Ethfinex spinoff) and ANX International (for their OpenANX spinoff) are especially exciting.
Bitfinex is one of the largest cryptocurrency exchange in the world, with trading volume in the past 24 hours reaching $250 million. If Ethfinex is remotely close to the scale of Bitfinex, ZRX will be receiving heavy usage from this exchange alone.
Bitfinex is starting to dabble into token trading with the addition of Santiment and Omise GO recently. It looks like the Ethfinex project is the next focus of Bitfinex.
Multiple blockchain-focused venture capital firms have invested in 0x, meaning that the project has already passed due diligence of those institutional investors.
Concerns:
SEC regulations may have restrictions on exchanges operating in the US / for US citizens, potentially limiting the usage of 0x as certain ERC20 tokens are considered to be securities.
0x only works for ERC20 tokens. If another smart contract protocol overtakes Ethereum in fund raising popularity, there may not be much demand for ZRX going forward.
It is not clear if 0x will apply to list their tokens on any exchanges. If they don't, then the only exchanges that will list ZRX probably going to be smaller exchanges such as Etherdelta or Liqui.
Conclusion:
Overall, I like this ICO both for short- and long-term potential. The project, team, progress, and execution all look to be promising.
Aside from its investment merit, I am also rooting for 0x’s success because the project moves Ethereum forward as the leader of tokens and smart contracts.
Our thoughts of the tokens for short term and long term are as follows:
For short-term holding:
Good because 1) the market environment is improving so it looks very likely that the $24 million hard cap will be reached, 2) the partnership with Ethfinex really helped the exposure of 0x, and 3) tokens will be distributed immediately after contribution.
For long-term holding:
Good because 1) ZRX will have fairly strong demand right out of the gate with the partnership with Ethfinex, 2) I believe the prevalence of tokens is just getting started – in 5 to 10 years, the market could be orders of magnitude bigger than what it is now, 3) it looks like 0x’s protocol is better than the existing solutions, either in the centralized or decentralized space.
0x has lofty ambitions to combine the best of both centralized and decentralized exchanges. Its team is focused on gaining support and adoption, and it’s well positioned to overtake major centralized exchanges like Binance and Coinbase, depending on how the US SEC and Congress decides to regulate cryptocurrencies and blockchains (especially Ethereum).
0x somewhat decentralizes crypto exchanges, even offering a p2p option with 0x OTC. Still, majority governance means whoever owns over 50 percent makes the rules.
0x uses off-chain ledgers and on-chain verification to enable trading among ERC20 tokens, of which there are nearly 500 to date.
0x has a lot of competition, and it’s unclear how government regulations may affect its future viability.
Cross-chain platforms like Wanchain will soon open the gates for 0x to trade other tokens and coins from other blockchains.
Although 0x has a lot of unknowns clouding its future, it’s never easy competing in a billion dollar industry. Giants like Upbit, Huobi, and Binance aren’t going to go down easy, and 0x isn’t the only option available. We’ll wait and see whether or not the crypto industry is big enough to support them all, or which projects will survive a collapse.
0x Protocol is highly niche in that it’s not a product or service, it’s not a new mineable cryptocurrency, and it’s not even an ICO – it’s a piece of software that’s being designed to make Ethereum-based digital tokens more easily exchanged. With the rampant growth of blockchains – and the constant need to find ways to increase scalability to avoid the same expensive slowdowns that the Bitcoin blockchain is already showing – learning more about 0x Protocol is likely a good idea if you’re involved in blockchain development.
However, if you’re just a run-of-the-mill blockchain enthusiast or a cryptocurrency speculator, the specifics of how 0x Protocol works are unlikely to thrill you to any degree. The best we can tell you is to look products in the future that adopt 0x Protocol as part of their API, as these dapps will likely be well-received because of their ease of use.
