Introduction to 0x Protocol
0x (ZRX) is an open-source protocol facilitating decentralized token exchanges on the Ethereum blockchain. This article explores its token distribution model, ICO details, and key functionalities.
Token Distribution Breakdown
The ZRX token allocation follows a structured approach:
| Allocation Type | Percentage | Purpose |
|---|---|---|
| Public Sale | 50% | Crowdfunding via ICO |
| Development Fund | 30% | Core team and ecosystem grants |
| Early Backers | 15% | Private investors |
| Community Initiatives | 5% | Liquidity mining and partnerships |
👉 Discover how ZRX powers decentralized exchanges
ICO/IDO Key Details
- Dates: August 12–16, 2017
- Price: $0.048 per ZRX
- Funds Raised: $24 million (ETH)
- Hard Cap: 1 billion ZRX tokens
Post-ICO Performance:
- Listed on major exchanges (Binance, Coinbase) within 6 months.
- Peak price: $2.50 during 2018 bull run.
Core Features of 0x Protocol
- Decentralized Order Books: Enables peer-to-peer trading without intermediaries.
- Relayer Network: Market makers can host order books off-chain.
- ERC-20 Compatibility: Supports all Ethereum-based tokens.
👉 Explore 0x’s use cases in DeFi
FAQs
Q: How does ZRX differ from other DEX tokens?
A: ZRX focuses on infrastructure for relayers, whereas UNI (Uniswap) governs AMM-based exchanges.
Q: Can ZRX tokens be staked?
A: Yes, holders stake ZRX to earn trading fees from relayers.
Q: What’s the current circulating supply?
A: Approximately 850 million ZRX (85% of total supply).
Market Insights (2024)
- Price: $0.2198 (fluctuating with ETH trends).
- 24h Trading Volume: ~$25 million.
Key Drivers:
- Adoption by hybrid DEXs like Matcha.
- Partnerships with Wallet Integrations (e.g., MetaMask).
Conclusion
0x remains a pivotal protocol for decentralized trading infrastructure. Its transparent tokenomics and developer-friendly tools position it for long-term growth in the DeFi ecosystem.
For real-time ZRX data, visit 👉 OKX Market Tracker.
**Keywords**: 0x protocol, ZRX token, decentralized exchange, ICO, token distribution, Ethereum, DEX, staking.
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