ZRX

  • Full name

    0x

    status

    live

    Exchange
    Utility

    ZRX tokens are used by Makers and Takers (market participants that generate and consume orders, respectively) to pay transaction fees to Relayers (entities that host and maintain public order books). ZRX tokens are used for decentralized governance over 0x protocol’s update mechanism which allows its underlying smart contracts to be replaced and improved over time. An update mechanism is needed because 0x is built upon Ethereum’s rapidly evolving technology stack, decentralized governance is needed because 0x protocol’s smart contracts will have access to user funds and numerous dApps will need to plug into 0x smart contracts. Decentralized governance ensures that this update process is secure and minimizes disruption to the network.

    Symbol

    ZRX

  • financials
    price (usd)

    $0.35

    1d

    -4.99%

  • technical
    Proof algorithm
    Monetary policy