0x protocol or ZRX (ZRX/USDT – Trade it here) is a decentralized exchange (DEX) that supports peer-to-peer (P2P) trading of assets that are built on Ethereum blockchain without depending on traditional financial intermediaries. ZRX is the native token of the 0x protocol that is ERC-20 based. In this article, we will discuss the main characteristics and tokenomics of ZRX, as well as the how-to-buy instruction on MEXC.
Core Features of 0x Protocol
ZRX aims to create a tokenized world where all value can flow freely through these features:
- Governance. Owners of ZRX tokens have the ability to vote on proposals about opportunities and improvement on 0x protocol. These are public proposals that would alters the smart contracts’ parameters and more. In addition, if this has anything to do with how the contracts are used, it might also apply to ideas for off-chain tooling. Since each token equates to one vote, a person’s voting power is determined by the number of the tokens they own.
- Flexible architecture. The hybrid architecture of 0x combines the off-chain relay and on-chain settlements. 0x protocol does not keep orders on blockchain, in contrast to other DEX that will only function on chain. Instead, only transaction settlement takes place on-chain, and orders are stored off-chain. Because of this distinctive characteristic, 0x protocol is a versatile and gas-effective DEX protocol that programmers may expand upon.
Tokenomics of ZRX
It has a maximum supply of 1,000,000,000 tokens.
Token owners can take part in staking to partake in liquidity incentives on 0x protocol. By staking their ZRX coins, users build stake pools. In this case, users split the rewards based on their staking portion. Since the protocol is based on Ethereum, the incentives are given in ETH, which users can convert to ZRX tokens on the site.
How to buy ZRX?
You can buy it on MEXC following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “ZRX” using the search bar to see the available trading pairs. Take ZRX/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of tokens you would like to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy ZRX] to confirm your order. You will find the purchased tokens in your Spot Wallet.
Recent ZRX Token Price & Performance
It reached the highest price (ATH) of 2.3975 USDT on April 12th, 2021. The lowest price since the date of ATH was 0.2230 USDT on June 17th, 2022.
Interested in crypto like 0x Protocol?
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