$ 0.241883 (4.86%)
0x (ZRX) - Historical Price Chart
About 0xMake a Suggestion
0x is an open protocol that facilitates operation of the decentralized exchange of Ethereum-based tokens and assets. Developers can use 0x to build their own custom exchange Dapps with a wide variety of user-facing applications.
Their 0x token (ZRX) is used by Makers and Takers to pay transaction fees to Relayers (entities that host and maintain public order books). ZRX tokens are also used for decentralized governance over 0x protocol’s update mechanism which allows its underlying smart contracts to be replaced and improved over time.
0x provides the building block for developers to build various DEX applications on. Trades will be executed using Ethereum smart contracts. The 0x protocol can be used for free, except for the standard gas fees, but providers of DEX services will be able to charge transaction fees in ZRX.