0x project

Report date: 29 Aug 2017 11:51
Update date: 06 Oct 2017 11:23
Token Lab Index
68%
More in the Methodology
About
Open and non-rent seeking protocol that facilitates trustless, low friction exchange of Ethereum-based assets
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Project Score
Name:
0x project
Symbol:
ZRX
Website:
WhitePaper
15
Domain age
01.02.2017
6
ICO
Dates:
15 Aug 2017 - 16 Aug 2017
10
Prototype / MVP
iOS:
N/A
2
Android:
N/A
2
Web:
Yes
10
Desktop:
N/A
2
Team
Successful projects:
Yes
15
Advisors:
Fred Ehrsam, Olaf Carlson-Wee
15
Basic members:
Will Warren, Amir Bandeali
15
External investments
Investments:
Yes, from Blockchain Capital
6
Mentions
First mentioning:
01 Feb 2017
6
Media
Bitcointalk:
2
Coindesk:
5
Other media links:
N/A
4
Community
Blog:
5
GitHub:
10
Facebook:
Open website
1 410
4
Twitter:
Open website
142 299
5
Telegram:
N/A
1
Slack:
5
CAP
Min:
N/A
2
Max:
$24,000,000
10
Platform
Ethereum
Buy with
ETH
Tokens
Name:
ZRX token
Type:
ERC-20
ICO emission:
1,000,000,000
Total Supply:
1,000,000,000
Estimated listing date:
TBA
Other information
Law status:
Not defined
Addons:
N/A
Comments:
N/A
Collected on pre-sale:
N/A
Collected on sale:
N/A
What is 0x?
 At its core, 0x is an open and non-rent seeking protocol that facilitates trustless, low friction exchange of Ethereum-based assets. Developers can use 0x as a platform to build exchange applications on top of (0x.js is a Javascript library for interacting with the 0x protocol). For end users, 0x will be the infrastructure of a wide variety of user-facing applications i.e. 0x Portal, a decentralized application that facilitates trustless trading of Ethereum-based tokens between known counterparties.
What problem does 0x solve?
In the two years since the Ethereum blockchain’s genesis block, numerous decentralized applications (dApps) have created Ethereum smart contracts for peer-to-peer exchange. Rapid iteration and a lack of best practices have left the blockchain scattered with proprietary and application-specific implementations. As a result, end users are exposed to numerous smart contracts of varying quality and security, with unique configuration processes and learning curves, all of which implement the same functionality. This approach imposes unnecessary costs on the network by fragmenting end users according to the particular dApp each user happens to be using, eliminating valuable network effects around liquidity. 0x is the solution to this problem by acting as modular, unopinionated building blocks that may be assembled and reconfigured.
How is 0x different from a centralized exchange like Poloniex or ShapeShift?
• 0x is a protocol for exchange, not a user-facing exchange application.
• 0x is decentralized and trustless; there is no central party which can be hacked, run away with customer funds or be subjected to government regulations. Hacks of Mt. Gox, Shapeshift and Bitfinex have demonstrated that these types of systemic risks are palpable.
• Rather than a proprietary system that exists to extract rent for its owners, 0x is public infrastructure that is funded by a globally distributed community of stakeholders. While the protocol is free to use, it enables for-profit user-facing exchange applications to be built on top of the protocol.
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