0x (ZRX)

What is ZRX?

ZRX is the native token of the 0x protocol, a decentralized infrastructure that enables token exchanges on the Ethereum network without intermediaries. Launched in 2017 by Will Warren and Amir Bandeali, ZRX facilitates the development of DeFi applications by enabling secure P2P exchanges and offering governance functions over the protocol.

History and origin of the 0x Protocol

The project was developed by 0x Labs, with the goal of making decentralized exchanges (DEX) more efficient. Its ICO raised over 24 million dollars in ETH, marking a milestone within the crypto ecosystem in 2017.

What is ZRX used for?

The ZRX token is primarily used for: Participating in the governance of the 0x protocol through voting. Incentivizing developers and liquidity providers who build or interact with the protocol.

How does ZRX work?

The 0x protocol is a DeFi infrastructure that enables token exchanges across different Ethereum-compatible blockchains. Its design prioritizes efficiency, interoperability, and low costs through the use of an aggregator API that connects multiple liquidity sources.

0x API and liquidity aggregation

0x moved away from its original model based on "relayers" and now operates through a powerful liquidity aggregation API that connects with decentralized exchanges, market makers, and other DeFi protocols to always find the best exchange rate.

Interoperability

0x currently works on multiple networks, including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Celo, Arbitrum, and Optimism, allowing a multichain experience for developers and users.

Advantages of Using ZRX

• True Decentralization: By not relying on a centralized entity, 0x provides transparent and censorship-resistant exchanges.
• Fee Savings: Thanks to the aggregator-based architecture, cost optimization is achieved by choosing the most economical routes for each transaction.
• Governance Participation: ZRX holders can directly influence the development and updates of the protocol through decentralized voting.
• Compatible with Multiple Blockchains: The interoperability of 0x makes it an attractive option for multichain projects and traders.

Can ZRX be mined?

No, ZRX is not a minable token. Being built on Ethereum, ZRX is an ERC-20 token and its issuance was predefined during its ICO. It does not require mining like Bitcoin or Ethereum (before the Merge).

How to obtain ZRX?

You can obtain ZRX by purchasing it directly on platforms like Bitnovo, participating in protocol votes, or receiving it as a reward for participating in activities related to the 0x ecosystem.

How to buy ?

Buying 0x is quick and secure with Bitnovo. You can easily get ZRX using different payment methods. Just visit our page to buy 0x and choose the option that suits you best.

Available purchase methods

• Buy with credit/debit card: Use your Visa or Mastercard to get 0x instantly. We also accept Apple Pay and Google Pay for quick, hassle-free transactions.
• Bank transfer: Make a SEPA or SEPA Instant transfer to securely buy 0x directly from your bank account, with no lengthy procedures.
• Buy with cash: Get Bitnovo vouchers at over 40,000 physical locations and easily redeem them for 0x through our purchase platform.

Benefits of buying 0x with Bitnovo

• Quick and easy process: No complex registrations or lengthy verifications. Just choose your payment method and receive your ZRX in minutes.
• Multiple payment options: Pay by card, transfer, or cash - whatever works best for you.
• Guaranteed security: Bitnovo is a trusted platform with years of experience in the European crypto sector, designed for users seeking safe and straightforward transactions.

How to buy 0x with Bitnovo

If you prefer cash, Bitnovo offers a practical solution through crypto redeemable vouchers, available at thousands of points of sale.

Step by step guide:

Find a nearby store:

Use Bitnovo's search tool to locate partner stores in your area where you can purchase vouchers.

Purchase the voucher:

Visit your chosen store and buy a Bitnovo voucher for your desired amount, paying in cash.

Redeem your voucher for 0x:

• Go to the Bitnovo Vouchers redemption page.
• Enter your voucher code and your 0x wallet address.
• Confirm the transaction - you'll receive your 0x in your wallet within minutes.