Full Name: 0x
Issue Date: 2017-08-17
Max Supply: 1 billion ZRX
Circulating Supply: 532 million ZRX (2018-06-25)
Market Cap: $351 million (2018-06-25)
Issue Price: $ 0.048
0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain. 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. 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. By sharing a standard API, relayers can easily aggregate liquidity pools, creating network effects around liquidity that compound as more relayers come online. 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.