{"id":10277,"date":"2023-07-19T20:27:39","date_gmt":"2023-07-19T20:27:39","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10277"},"modified":"2025-09-10T15:24:06","modified_gmt":"2025-09-10T15:24:06","slug":"how-to-mine-0x-zrx","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mine-0x-zrx","title":{"rendered":"How to mine 0x (ZRX)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mine-0x-zrx\/#what_is_0x\" >What is 0x?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mine-0x-zrx\/#how_does_the_0x_platform_work\" >How does the 0x platform work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mine-0x-zrx\/#zrx_the_native_token_of_0x\" >ZRX, the native token of 0x<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mine-0x-zrx\/#how_to_mine_0x_zrx\" >How to mine 0x (ZRX)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mine-0x-zrx\/#rewards_to_market_makers\" >Rewards to market makers<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mine-0x-zrx\/#how_are_the_zrx_staking_rewards_calculated\" >How are the ZRX staking rewards calculated?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mine-0x-zrx\/#zrx_wallet\" >ZRX Wallet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mine-0x-zrx\/#where_to_buy_your_0x_tokens_zrx\" >Where to buy your 0x tokens (ZRX)<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 5<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><h2><span class=\"ez-toc-section\" id=\"what_is_0x\"><\/span>What is 0x?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p><b>0x (ZRX) is an open source protocol that allows users to easily trade ERC20 tokens\u00a0<\/b>and other assets on the Ethereum blockchain\u00a0<strong>without relying on centralized intermediaries<\/strong>\u00a0such as traditional cryptocurrency exchanges.<\/p>\n<p>This decentralized exchange functionality is achieved using open source, publicly auditable smart contracts intended to create a flexible, low-friction trading protocol that developers can easily integrate into their products.<\/p>\n<p>To give you an example of the 0x protocol, think of a user who wants to sell his house and, instead of involving lawyers, notaries and other parties,\u00a0<strong>using the 0x protocol he will be able to tokenize the property and exchange it with the buyer through a smart contract, eliminating the need for intermediaries,<\/strong>\u00a0making the process much faster.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_the_0x_platform_work\"><\/span>How does the 0x platform work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>0x guarantees the functioning of the decentralized token exchange through Smart Contracts that are free, publicly accessible and can be integrated with any\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-dapp\/\">dApp<\/a>\u00a0(decentralized application).<\/p>\n<p>With its 0x platform it wants to solve a problem due to the fact\u00a0<strong>that most decentralized exchanges use Ethereum smart contracts<\/strong>\u00a0to power their operations and these are executed directly on its blockchain. So,\u00a0<strong>every time an order is placed, a gas fee is incurred, making the process quite costly.<\/strong><\/p>\n<p><b>0x solves the problem by using an off-chain relay with on-chain settlement.\u00a0<\/b>The system works like this: a user sends his request to a relay that relays it off-chain where any other user can complete it by sending his cryptographic signature to the smart contract.<\/p>\n<p>One of the features of\u00a0<strong>0x is that it offers point-to-point ordering<\/strong>. That is, users submit orders that can only be completed by a specific person. In addition, the assets of each order are never in the custody of the relay and only the actual value transfer occurs in the chain, which drastically reduces both\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-gas-in-ethereum\/\">gas rates<\/a>\u00a0and network congestion.<\/p>\n<\/div>\n<\/div>\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"zrx_the_native_token_of_0x\"><\/span>ZRX, the native token of 0x<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p>The 0x protocol is driven by\u00a0<strong>ZRX, which is an ERC20 utility token.\u00a0<\/strong><\/p>\n<p>In earlier versions of the 0x platform protocol, the ZRX token served as the unit in which users paid fees to relayers.<\/p>\n<p>ZRX has\u00a0<strong>a limited maximum supply of 1,000,000,000 ZRX.\u00a0<\/strong><\/p>\n<p>At the time of the ICO launched in 2017, 500 million ZRX (50% of the maximum supply), were sold to investors.<\/p>\n<p>Subsequently, ZRX tokens were distributed to more than 13,000 different Ethereum addresses to boost ZRX\u2019s role as a governance token.<\/p>\n<p>10% of ZRX was reserved for the founding team, 10% for early sponsors and advisors, and the remaining 15% went to the core development organization 0x and the external project development fund.<\/p>\n<p>At the moment, about 75% of this maximum supply is already in circulation (about 781,547,659), and a small fraction of this is blocked for staking rewards.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_to_mine_0x_zrx\"><\/span>How to mine 0x (ZRX)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>As you might have guessed, after explaining how 0x works, this platform is based on a\u00a0<strong>Proof of Stake consensus protocol, which means that it is not possible to mine its token<\/strong>\u00a0in the traditional sense of the word. This doesn\u2019t mean that you can\u2019t get rewards as, through staking, 0x allows its users to\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-cryptocurrency-staking\/\">staking<\/a>\u00a0their tokens to participate in the governance of the platform and reward nodes for performing, completing and canceling transactions.<\/p>\n<p><strong>The ZRX token serves to reward nodes, called \u2018relayers\u2019\u00a0<\/strong>with commercial fees for hosting an order book and allowing users to perform, complete and cancel transactions.<\/p>\n<p>ZRX also allows users who own its tokens\u00a0<strong>to participate in the governance of the platform<\/strong>, helping them to suggest and vote on changes to the protocol.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"rewards_to_market_makers\"><\/span>Rewards to market makers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>In each 0x operation, there is a creator\u00a0<\/strong>(the address that created the order)<strong>\u00a0and a receiver\u00a0<\/strong>(the address that accepts the order and completes it).<\/p>\n<p>If you are executing a market order, you will be a receiver, as these orders already exist in the order book. If you are adding an order to the order book, then you will be the originator of that order.<\/p>\n<p>There is a special category of traders, called market makers, who provide a significant amount of orders on 0x order books. Market makers are more or less like a company whose function is to provide liquidity, ensuring the existence of liquid markets with tight bid-ask spreads.<\/p>\n<p>In fact, since 2019, 0x added additional functionality to the ZRX token that\u00a0<strong>allows users who hold ZRX tokens to delegate their participation<\/strong>\u00a0or \u201dstake\u201d to a \u2018market maker\u2019 so that they can earn passive rewards while retaining their voting power.<\/p>\n<p>Such liquidity incentives\u00a0<strong>reward market makers for providing liquidity with protocol fees<\/strong>\u00a0commensurate with their ZRX participation.<\/p>\n<p>Any other ZRX holders can also earn rewards by combining their ZRX tokens in staking pools.<\/p>\n<p>0x liquidity providers (LPs) receive rewards in exchange for their active participation, as this ensures that the 0x markets function in a healthy manner.<\/p>\n<p><b>To collect these rewards, liquidity providers must wager ZRX tokens.\u00a0<\/b>To do so, LPs create betting pools that allow them to wager their ZRX while at the same time enticing others to wager their own ZRX tokens for a share of the rewards.<\/p>\n<p>Summarizing, incentives paid to market makers are distributed in proportion to:<\/p>\n<ul>\n<li aria-level=\"1\">protocol rates generated from your orders;<\/li>\n<li aria-level=\"1\">the size of its ZRX interest in relation to all ZRX interests.<\/li>\n<\/ul>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_are_the_zrx_staking_rewards_calculated\"><\/span>How are the ZRX staking rewards calculated?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>In 0x v3, each buyer pays a small fee that is \u201cattributed\u201d to the manufacturer\u2019s address.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"row-1477869806\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<div id=\"image_2118551513\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/04\/0x-staking_rewards.jpg\" sizes=\"(max-width: 749px) 100vw, 749px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/04\/0x-staking_rewards.jpg 749w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/04\/0x-staking_rewards-300x153.jpg 300w\" alt=\"recompensas por el staking de ZRX\" width=\"749\" height=\"382\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/04\/0x-staking_rewards.jpg 749w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/04\/0x-staking_rewards-300x153.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/04\/0x-staking_rewards.jpg\" data-sizes=\"(max-width: 749px) 100vw, 749px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>In each period (which corresponds to a period of 7 days), all protocol fees are accumulated in a single pool. At the end of the epoch, all rewards are automatically distributed (following a formula) to the staking pool which will accumulate rewards proportionally to two amounts:<\/p>\n<p>A staking pool will accumulate rewards proportionally to two amounts:<\/p>\n<p>\u2013 The protocol rates attributed to the addresses of the makers registered in the pool, during that time.<\/p>\n<p>\u2013 Number of ZRX bet in the pool at the beginning of that period.<\/p>\n<p>In addition, a staking pool operator may decide to share rewards with other tokenholders who are participating with them. Each tokenholder who has staked in a pool is eligible for a reward equal to their share of ZRX staked (excluding the ZRX staked by the pool operator).<\/p>\n<p>Source:\u00a0https:\/\/0x.org<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"zrx_wallet\"><\/span>ZRX Wallet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"row-1222098836\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div id=\"image_21386920\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/04\/C%C3%B3mo-minar-0x-ZRX.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/04\/C\u00f3mo-minar-0x-ZRX.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/04\/C\u00f3mo-minar-0x-ZRX-300x205.jpg 300w\" alt=\"Wallet de ZRX\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/04\/C\u00f3mo-minar-0x-ZRX.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/04\/C\u00f3mo-minar-0x-ZRX-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/04\/C\u00f3mo-minar-0x-ZRX.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p><strong>What are the requirements for betting ZRX?<\/strong><\/p>\n<p>You only need to have a certain amount of ETH in your wallet to confirm the delegation transaction to your staking pool.<\/p>\n<p>You can delegate your ZRX to a staking pool of your choice in a simple delegation transaction with one of the following portfolios:<\/p>\n<ul>\n<li>Atomic Wallet<\/li>\n<li>Coinomi Wallet<\/li>\n<li>Metamask<\/li>\n<li>MyEtherWallet<\/li>\n<li>Trustwallet<\/li>\n<li>Ledger Nano S\/X<\/li>\n<li>Trezor Wallets<\/li>\n<\/ul>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"where_to_buy_your_0x_tokens_zrx\"><\/span>Where to buy your 0x tokens (ZRX)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>Finally, if you want to buy your 0X tokens (ZRX), you can do it easily and quickly on Bitnovo\u2019s platform.<\/p>\n<p>Bitnovo provides you with a network of physical stores across Europe where you can buy physical tokens redeemable for cryptocurrencies. Alternatively, you can\u00a0<a href=\"https:\/\/www.bitnovo.com\/buy-zrx-online-en\">buy your ZRX online<\/a>\u00a0and get your 0x tokens in a matter of minutes.<\/p>\n<p>If you haven\u2019t done it yet, we invite you to try it! You won\u2019t regret it!<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 5<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>What is 0x? 0x (ZRX) is an open source protocol that allows users to easily trade ERC20 tokens\u00a0and other assets on the Ethereum blockchain\u00a0without relying on centralized intermediaries\u00a0such as traditional cryptocurrency exchanges. This decentralized exchange functionality is achieved using open source, publicly auditable smart contracts intended to create a flexible, low-friction trading protocol that developers [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[],"class_list":["post-10277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10277"}],"version-history":[{"count":3,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10277\/revisions"}],"predecessor-version":[{"id":24676,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10277\/revisions\/24676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7868"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}