All about ZRX

What is ZRX?

ZRX is an 0x cryptocurrency (the rare case where the ticker is longer than the platform's name). The 0x infrastructure protocol allows users to exchange ERC-20 tokens and other assets on the Ethereum blockchain without relying on centralised exchanges.

 

The project originated in 2016, and the token went to ICO in 2017, raising $24 million, including from major investors such as Pantera Capital and Polychain Capital. During the initial coin offering, the creators split 50% of the tokens among investors. With a maximum volume of 1 billion tokens, there are 850+ million in circulation today. All coins are expected to go into circulation in the next year or two, although the creators have not disclosed the rate at which new blocks will be created.

 

How does the price of ZRX change?

To the delight of novice investors, the ZRX rate is not as volatile as the price of Bitcoin. In the early days of the project, only 21 cents was given per coin. But at the turn of 2017 and 2018, the rate soared by an order of magnitude to a record $2.36 amid a general frenzy in the crypto market. As we know, prices didn't hold their peak for even a quarter, and ZRX Coin fell in value again in the spring of 2018. The price fluctuated between $0.50 and $1.70 throughout the year, but eventually collapsed to its starting point.

 

The ZRX's last peak in popularity came in the first half of 2021. The price rallied back above $1.50 and only briefly dipped below $0.60. The token is now hovering around $1.

 

What are the prospects for ZRX Coin?

The decentralized open-source 0x protocol has many applications, from marketplaces to cryptocurrency exchanges to DeFi (Decentralized Finance) applications. It can also be embedded in digital products for which exchange is not a primary function, such as game purchases or asset management platforms.

 

Blockchain security is ensured by a distributed network of nodes, as well as regular independent auditing of smart contracts on Ethereum. For example, a vulnerability was discovered in version two, which was fixed, and the project later switched to a third version of smart contracts. The coins are used by 200 exchangers and exchanges

 

FAQ

How do I convert ZRX to USDT?

The two most convenient and fastest options are the P2P exchange platform and the exchange. In the first case, you conduct the exchange directly with the USDT exchanger, and in the second case, you place an order on the exchange