ZRX Price today

0x is a platform that allows users to easily trade ERC20 tokens and other assets on Ethereum without depending on centralized intermediary platforms like traditional cryptocurrency exchanges. 0x is a smart contract system that connects liquidity providers and market makers to provide exchange functionality in a wide range of applications.

Compared to traditional cryptocurrency exchanges, 0x has many outstanding features, making the system more efficient and economical and at the same time satisfying the tastes of users. Here are some salient features of 0x:

• Off-chain relay, on-chain settlement: Instead of using an on-chain order book on Ethereum, 0x creates “relayers” to manage the order book, while transactions are settled on the Ethereum blockchain. Through this approach, 0x has helped to reduce many gas fees.
• Networked Liquidity: 0x enables interoperability between decentralized networks, promoting network liquidity through positive network effects.
• Flexible Order Types: 0x provides a highly customizable builder kit with many different order types: Market, Limit,…
• Supports all Ethereum Standard: 0x supports many different Ethereum Standard such as ERC20, ERC721,…

ZRX is the cryptocurrency of the 0x ecosystem and is used for the following purposes:

• Governance: Governance of the 0x ecosystem through voting. Each ZRX Token entitles a user to one vote. The more ZRX he owns, the more votes he has.
• Staking in market-making pools: Also, users can Stake ZRX into market maker liquidity pools to get rewards back. This reward is usually ETH.