Price: $0.29373859
+ 1.05%
Volume(24h): $1,802,386
Market Cap: $169,803,710
0x is a decentralized exchange protocol for Ethereum tokens. 0x is a few lines of code engineered to allow for existing blockchains to trade coins between each other after its implementation. The San Francisco-based project is an open source for-profit venture. Started in June 2017 by Will Warren, 0x is based on Ethereum’s ERC20 token standard and serves as the medium of exchange between the various Ethereum-based blockchains. ZRX raised over USD 24 million through its initial coin release. Maximum coin supply for 0x is exactly 1 billion tokens with about 50% currently in circulation.

Crypto Coin Index:

Minable: No

Coin Prefix: ZRX

Type: Token


Latest Hight: $2.03

0x Markets

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The Wizard of the 0x Protocol

  • Launched: August 2017
  • Total supply: 1 billion (~50% circulating)
  • Based in: San Francisco, California, USA

0x changing Ethereum tokens

0x is a decentralized exchange protocol designed to serve the rapidly increasing ecosystem of tokens created inside the Etherum Blockchain. The protocol is a pluggable building block for dApps (decentralized apps) that require exchange functionality to support all Ethereum assets under the ERC20 token standard. After integrating with the decentralized exchange, dApp builders will be able to let their users conduct transactions in other cryptocurrencies without leaving the app. The exchange protocol is implemented within an Ethereum smart contract that is publicly accessible and free to use. (No additional costs are imposed on users beyond standard fees) It is written in the Solidity programming language and contains only two simple functions: fill and cancel. The entire contract is just 100 lines of code.


0x price development

After raising more than USD 24 million in an ICO, 0x coins started trading on August 16, 2017 at USD 0.11. The day after, the cryptocurrency doubled to USD 0.22 but remained in that range until December 2017, when it finally managed to break out. 0x’s price closed 2017 at USD 0.90 (700% up since initial coin release) but opened the New Year with a new high at USD 1.02. The token’s value continued to soar in the first two weeks of January 2018, scoring another 10 new highs in between. (compared to seven tops hit during four months in 2017) 0x’s highest point stands at USD 2.47, visited on January 13 (+2100% from ICO).


0x’s simple genes

Despite the venture capital funding, 0x is a non-profit organization and as such its founder Will Warren says that the firm will use 100% of the money from the investment to build open source software tools and infrastructure that support the ecosystem. 0x coin is the token used to collect fees from transactions inside the ecosystem. I.e., if an exchange uses 0x and collects fees, 0x is the token they have to collect premiums with. 0x works something like this: A “maker” sends his order. A "relayer" then posts that order in an off-chain order book and a counterparty (called a “taker”) accepts the order by pushing the transaction into the project’s DEX smart contract.


The future of 0x

Decentralized exchanges like 0x are getting a lot of attention these days, mainly because they avoid a single point of failure. The whole idea of decentralizing is to ensure that trades happen on a Blockchain, where funds are more secure. Considering its relatively low total supply of one billion tokens, some people speculate that most relayers will immediately resell almost all of their 0x coins to Ethereum and real money (and indeed, they will sell at least some). However, these players could quickly become whales and influence the price.