0x Protocol (ZRX) today is officially part of KuCoin's reliable and promising cryptocurrency exchange market. Deposits are now available with buying schedule commencing at 21:30 (UTC+8) while Selling and Withdrawal at 22:00 (UTC+8). Supported pairs include ZRX/BTC, ZRX/ETH, and ZRX/NEO.
About 0x Protocol (ZRX)
Founded in 2016, 0x facilitates the contribution of token trading to users without having to collect user funds. 0x uses a protocol that involves Ethereum smart contacts that enable users to run a decentralized exchange.
The 0x (ZRX) is an open and permissionless protocol that lets developers create networks to exchange digital assets like game token etc. It is commonly regarded as the protocol for trading tokens. Projects that are building on the 0x protocol include Maker (Dai stablecoin), Ethfinex exchange and Paradex, a relayer which was recently acquired by Coinbase.
The ZRX Token
Another innovation of the 0x Project is the unique 0x Ethereum token, called ZRX. This token is how users pay Relayers’ trading charges. It is also a decentralized form of administration for the 0x protocol’s upgrade system. Essentially, those who hold ZRX have input in the protocol and measures to make that is proportional to the quantity owned.
There is a limited allocation of one billion ZRX, and the token launch was on August 15, 2017. 50 percent of the tokens were issued during the launch with 15 percent held by 0x, 15 percent proceeding to the developer fund, 10 percent going to the founding team, and 10 percent going to the advisors and first backers. The tokens assigned for founders and advisors as well as staff members will be issued over the course of four years, while those collected during the launch event were liquid instantly.
