0x - Providing liquidity for decentralized finance

0x (ZRX)

What is 0x?

0x is one of the first decentralized finance (DeFi) protocols that was created on Ethereum. It allows for the creation of markets of any kinds. It supports ERC (Ethereum smart contract) tokens, and users can create their own tokenized assets, representing any other asset, like stocks, bonds, or physical assets. More recently 0x has moved into becoming a liquidity aggregator in DeFi for a variety of chains including Ethereum, Avalanche, and Binance Smart Chain.

Why does 0x have value?

While 0x uses an order book model, which usually has liquidity issues in decentralized markets, its advantage is the ability to trade virtually anything, including NFTs, something that can’t be done on other decentralized exchanges. 0x provides an API that allows a variety of chains increase liquidity which allows more users to participate in trading assets on their specific blockchain.

What Are the Pros of 0x?

●       It supports NFT’s, as well as ERC-20 tokens.

●       Liquidity providers get rewards for their contribution.

●       Users can also stake ZRX for rewards.

What Are the Cons of 0x?

●       Fees are expensive due to Ethereum’s congestion.

What are 0x’s tokenomics?

The maximum supply of ZRX is set at 1 billion. 50% of these were sold in the Initial Coin Offering; 15% is reserved for development; 10% was allocated to the founding team; and 10% went to backers and advisors.

Who founded 0x?

Will Warren and Amir Bandeali.

Who are the early investors in 0x?

0x has conducted eight funding rounds, raising $39 million. The main investors are IOSG Ventures, Blockchain.com Ventures, DeFi Alliance, Pantera Capital, Nascent Ventures, Jump Capital, Nima Capital, Coinbase Ventures, Placeholder, and 8 Decimal Capital.

Concise Crypto Grade:

B  :0x is a crypto project that seems to be pivoting in 2022. Originally it had a focus on being the place to digitize any type of asset (gold, real estate, commodities, etc.) and trade them on-chain. But more recently, the focus has become as a liquidity aggregator and provider in the DeFi space. We prefer the latter and we like the experience, depth, and reliability that 0x brings to the space.

Where can I buy 0x?

Binance, Coinbase Exchange, Huobi Global, Bithumb, Bitfinex, FTX.

What ecosystem does 0x run on?

Ethereum