KuCoin is an exchange platform for blockchain assets which implements advanced services for any crypto traders. This market exchange is delighted proud to announce that 0x Protocol native and transaction currency is now listed on its platform.
ZRX is officially trading on KuCoin. Supported trading pairs are ZRX/ETH and ZRX/BTC. Buying transactions will begin at 21:30 (UTC+8) and any Selling/Withdrawal processes can be initiated at 22:00 (UTC+8).
Trading can be performed by using KuCoin's app in both iOS and Android, or to their official website, www.kucoin.com.
About 0x Protocol (ZRX)
0x is known as an open protocol that facilitates low friction peer-to-peer exchange of ERC20 tokens on the Ethereum blockchain. The protocol is intended to work as an open regular and fundamental building block, administering interoperability among decentralized applications (dApps) that strengthen exchange functionality.
Trades are executed by an operation of Ethereum smart contracts that are openly accessible, free to use and that any dApp can secure into. DApps built on protocol can obtain public liquidity pools or develop their own liquidity pool and charge transaction fees on the resulting volume. The protocol does not need costs on its users or arbitrarily extract value from one group of users to benefit another. Decentralized governance is used to continuously and securely integrate updates into the base protocol without disrupting higher level midpoints.
Benefits Of 0x Protocol
Created on Ethereum’s distributed network with no centralized point of failure and no downtime, each trade is completed atomically and without counterparty risk.
By giving a standard API, relayers can easily aggregate liquidity pools, creating network results around liquidity that compound as more relayers come online.
0x is open source, permissionless and free to use. Trade quickly with a known counterparty for free or pay a relayer some ZRX tokens to enter their liquidity pool.
0x (ZRX) Tokens
Another feature of the 0x Project is the promising 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 keep ZRX have input in the protocol and amendments to make that is proportional to the quantity owned.
There is a settled 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 designated for founders and advisors as well as staff members will be issued over the course of four years, while those obtained during the launch event were liquid instantly.