Unlike many other Ethereum decentralized exchange protocols, 0x accepts fungible (ERC-20) as well as non-fungible (ERC-723) tokens. This means that it can be used for permissionless trading of a wide range of assets, allowing holders to buy, sell, and exchange the vast majority of Ethereum assets via over a dozen different apps.
The 0x protocol can be used for a variety of purposes, such as eBay-style marketplaces for digital goods and services, OTC trading desks, exchange functionality for DeFi protocols, and plain old decentralized exchanges.
Although 0x can be used to create highly flexible exchange products, it can also be used to create products in which asset exchange is a secondary feature, such as in-game purchases and portfolio management platforms.
Liquidity takers pay a fee in the form of ZRX tokens on the 0x protocol; this fee is used to incentivize market maker (relayer) liquidity. Users must also pay a protocol fee in Ether (ETH), which is used to pay for the gas used in any transactions they complete. As an open-source protocol, 0x does not share in this revenue and is instead supported by ZRX tokens unlocked as team and developer incentives — in addition to its initial ICO funding.
ZRX Protocol Most Recent News
“Right from the start, Thales will integrate 0x’s permissionless order books for trading tokens that represent binary options positions before their expiry date. The first product release will support the whole lifecycle for a binary options market on virtually any Chainlink supported price feed, including dozens of crypto assets, commodities, equities, and unique index data feeds.
ZRX Protocol Price Prediction
ZRX price equal to $0.96 USD on May, 23rd 2021 here’s a price prediction on ZRX
Furthermore, By the end of 2021 we believe the price of ZRX Protocol will be around $2.03 to $4.19 USD.