Buy 0x (ZRX)
What is 0x Protocol?
0x Protocol is a decentralized exchange (DEX) protocol built on the Ethereum network that facilitates the peer-to-peer exchange of Ethereum-based assets. It is designed to enable secure, efficient trading using smart contracts, by allowing developers to create decentralized exchanges and integrate exchange functionality into applications without the need for centralized intermediaries.
How does 0x Protocol work?
The 0x Protocol employs a hybrid system combining off-chain order relay with on-chain settlement. Orders are cryptographically signed and circulated off-chain, allowing for low friction and reduced transaction costs. These orders are then settled on-chain through Ethereum smart contracts. 0x does not have its own consensus mechanism; instead, it utilizes Ethereum's Proof of Work for validation. The system is modular, allowing for upgrades without disrupting markets, and it employs a governance token, ZRX, for decision-making and staking.
What are the potential use cases for 0x Protocol?
0x Protocol's potential use cases include the creation of decentralized exchanges, digital goods marketplaces, and liquidity aggregation. It is used in the DeFi sector, gaming industries for in-game currency exchanges, portfolio management platforms, and over-the-counter trading desks. Notable applications and partnerships in these areas showcase 0x’s versatility as a foundational component of decentralized finance and digital marketplaces.
What is the history of 0x Protocol?
0x Protocol was founded in 2017 by Will Warren and Amir Bandeali. It raised $24 million during its initial coin offering and continued to grow with additional funding rounds. Key milestones include the launch of 0x DAO in 2021, the deployment of 0x version 3.0 with staking features, and integrations with numerous wallets and applications. The protocol has facilitated significant trading volumes and expanded its multi-chain support. Despite regulatory challenges from the CFTC in 2023, it remains an influential part of the DeFi ecosystem with ongoing innovations in governance and protocol upgrades.
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Frequently Asked Questions (FAQs)
What is the current price of 0x (ZRX)?
The 0x price is $0.74142173 AUD, representing a -5.86% from the day prior.
Where is the best place to buy 0x (ZRX) in Australia?
The best place to buy 0x (ZRX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell 0x (ZRX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of 0x (ZRX)?
The trading volume of 0x (ZRX) is $92.2M AUD in the last 24hrs, representing a -5.86% from the day prior.
How can I buy 0x (ZRX)?
0x (ZRX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of 0x (ZRX)?
The current market cap of 0x (ZRX) is $623.3M AUD.
Can I convert 0x (ZRX) to cash?
Yes - With Coinstash you can convert your 0x (ZRX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many 0x (ZRX) are there?
The current circulating supply of 0x (ZRX) is 848.4M.
Is Coinstash a safe place to buy 0x (ZRX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling 0x (ZRX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.