0x Protocol
0x Protocol
ZRX
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0x Protocol Timeline
0x Protocol Token allocation
0x Protocol BasicReport a Data Error
- Jan,2024Despite regulatory challenges, the team continued to work on refining the protocol, implementing gas-efficient updates to improve user experience by reducing transaction costs. However, as of mid-2024, the project's activity has declined, and the future remains uncertain.
- Sep,2023The Commodity Futures Trading Commission (CFTC) fined and shut down 0x for operating without proper registration, citing issues with offering margined and leveraged trades. This led to the cessation of many of its previous activities, and the protocol faced significant regulatory hurdles.
- Mar,2022Continued to improve multi-chain functionality, allowing developers to integrate decentralized trading solutions across various blockchain ecosystems.
- May,2021Expanded beyond Ethereum by launching a DEX liquidity aggregator API on Polygon, broadening the reach of 0x to a multi-chain environment.
- Feb,20210x took significant steps toward decentralization by launching the 0x DAO. The DAO enabled the community to propose and vote on protocol upgrades, giving ZRX holders more control over the project’s direction.
0x Protocol Info
- Jan,2024Despite regulatory challenges, the team continued to work on refining the protocol, implementing gas-efficient updates to improve user experience by reducing transaction costs. However, as of mid-2024, the project's activity has declined, and the future remains uncertain.
- Sep,2023The Commodity Futures Trading Commission (CFTC) fined and shut down 0x for operating without proper registration, citing issues with offering margined and leveraged trades. This led to the cessation of many of its previous activities, and the protocol faced significant regulatory hurdles.
- Mar,2022Continued to improve multi-chain functionality, allowing developers to integrate decentralized trading solutions across various blockchain ecosystems.
- May,2021Expanded beyond Ethereum by launching a DEX liquidity aggregator API on Polygon, broadening the reach of 0x to a multi-chain environment.
- Feb,20210x took significant steps toward decentralization by launching the 0x DAO. The DAO enabled the community to propose and vote on protocol upgrades, giving ZRX holders more control over the project’s direction.
0x Protocol Intro
0x Protocol (ZRX) is a decentralized exchange infrastructure designed to facilitate peer-to-peer trading of tokenized assets on the Ethereum blockchain. Launched in 2017 by co-founders Will Warren and Amir Bandeali, the protocol allows developers to integrate decentralized exchange (DEX) functionalities directly into their applications, offering a more modular and flexible trading solution. The primary feature of 0x is its use of off-chain order relays combined with on-chain settlement, which significantly reduces transaction costs and improves efficiency.
The protocol operates on a system of "relayers" who host and manage off-chain order books, providing liquidity by matching buyers and sellers. Once an order is agreed upon, only the final settlement occurs on-chain, minimizing the need for gas fees. This design allows for a scalable and cost-effective approach to trading, compared to traditional on-chain DEX systems.
The native token, ZRX, serves two main purposes within the 0x ecosystem:
- Governance: ZRX holders can participate in the decentralized governance of the protocol, voting on upgrades and changes to ensure the system evolves to meet user needs.
- Staking: ZRX tokens are also used to incentivize liquidity providers (relayers) who earn rewards by staking their tokens and contributing to the liquidity pool.
Since its inception, 0x has gone through multiple updates and versions, adding new features such as support for non-fungible tokens (NFTs) and expanding its compatibility across different blockchains. This application-agnostic approach has made 0x a key player in the DeFi (Decentralized Finance) sector, enabling projects to leverage its infrastructure for creating decentralized marketplaces, financial products, and more.
0x Protocol Unlock & AllocationReport a Data Error
0x Protocol Token allocation
Q&A about 0x Protocol Tokenomics
Explore the tokenomics of 0x Protocol(ZRX) and review the project details below.
What is the allocation & supply schedule for 0x Protocol(ZRX)?
Total Supply and Allocation
- Total Supply: The total supply of ZRX tokens is capped at 1 billion.
- Initial Allocation:
Supply Schedule and Vesting
The initial ICO in 2017 saw half of the total supply released, while the remaining tokens were subject to vesting schedules to ensure gradual distribution over time:
- Founding Team Allocation: Vesting over four years, with an initial one-year cliff. This means tokens were gradually unlocked from 2017 to 2021.
- Development Fund and Team Incentives: Portions were unlocked over time to fund ongoing development, community initiatives, and operational costs.
Utility of ZRX Tokens
ZRX serves multiple purposes:
- Governance: Token holders can vote on protocol upgrades, changes, and other critical decisions. This decentralized governance model allows the community to influence the future direction of the protocol.
- Staking: Initially, ZRX could be staked to earn a share of transaction fees collected by liquidity providers (relayers). Staking incentives were designed to encourage the provision of liquidity and support the 0x trading infrastructure.
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0x Protocol (ZRX) is a decentralized exchange infrastructure designed to facilitate peer-to-peer trading of tokenized assets on the Ethereum blockchain. Launched in 2017 by co-founders Will Warren and Amir Bandeali, the protocol allows developers to integrate decentralized exchange (DEX) functionalities directly into their applications, offering a more modular and flexible trading solution. The primary feature of 0x is its use of off-chain order relays combined with on-chain settlement, which significantly reduces transaction costs and improves efficiency.
The protocol operates on a system of "relayers" who host and manage off-chain order books, providing liquidity by matching buyers and sellers. Once an order is agreed upon, only the final settlement occurs on-chain, minimizing the need for gas fees. This design allows for a scalable and cost-effective approach to trading, compared to traditional on-chain DEX systems.
The native token, ZRX, serves two main purposes within the 0x ecosystem:
- Governance: ZRX holders can participate in the decentralized governance of the protocol, voting on upgrades and changes to ensure the system evolves to meet user needs.
- Staking: ZRX tokens are also used to incentivize liquidity providers (relayers) who earn rewards by staking their tokens and contributing to the liquidity pool.
Since its inception, 0x has gone through multiple updates and versions, adding new features such as support for non-fungible tokens (NFTs) and expanding its compatibility across different blockchains. This application-agnostic approach has made 0x a key player in the DeFi (Decentralized Finance) sector, enabling projects to leverage its infrastructure for creating decentralized marketplaces, financial products, and more.