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What is 0x Protocol (ZRX)?

0x Protocol basic info

Name:0x Protocol
Ticker:
Introduction:

What Is Band Protocol?

Band Protocol is a revolutionary open standard in the decentralized finance (DeFi) sector, fostering peer-to-peer (P2P) exchange of Ethereum-based assets. Developed by Band Labs, this protocol serves as a vital building block for developers seeking to integrate exchange functionalities within their applications. It offers a secure, audited smart contract system, a decentralized global P2P order book known as Band Mesh, and an API that aggregates liquidity from a burgeoning network of exchange platforms.

Founded in 2016 by Will Warren and Amir Bandeali, Band has undergone several enhancements to optimize liquidity and trade pricing. The protocol operates on the Ethereum blockchain and other Ethereum Virtual Machine (EVM) chains, facilitating the exchange of both ERC-20 tokens and non-fungible tokens (NFTs). It aggregates liquidity from over 100 exchanges to ensure asset swaps at the most favorable prices, minimizing slippage and optimizing trade execution.

Resources

Official Documents: https://docs.Bandprotocol.org/en/latest/

Official Website: https://www.Bandprotocol.org/

How Does Band Protocol Work?

The Band Protocol operates through a unique hybrid system that combines off-chain and on-chain elements to foster more cost-effective asset swaps. This system is characterized by off-chain relay and on-chain settlement architecture, which significantly reduces gas fees associated with blockchain transactions. In this ecosystem, users who create orders are termed "makers," providing liquidity to the order books. Conversely, "takers" utilize this liquidity to facilitate digital asset swaps. This dynamic interaction between makers and takers forms the backbone of the Band ecosystem.

A trade initiates with a maker creating an order detailing the assets they intend to swap through the Band protocol, thereby supplying liquidity to the market. Takers, on the other hand, submit off-chain orders specifying the assets they wish to trade and their respective prices. When a consensus on quantity and price is reached between a maker and a taker, the latter submits the order to the blockchain, culminating in an on-chain settlement. This innovative approach ensures optimal trade prices by automatically aggregating liquidity from all participating makers.

What Is ZRX Token?

The ZRX token, native to the Band protocol, serves dual pivotal roles: facilitating governance and rewarding participants. As a governance token, it empowers the community to vote on proposals aimed at enhancing the protocol. It also functions as a medium to reward relayers who transmit makers' orders to the Band order book. The token distribution at launch was capped at 1 billion ZRX, with 500 million sold during the 2017 ICO. The remaining 50% were allocated to various operational, developmental, and team-related expenses.

Band Protocol's Impact on Finance

The Band protocol stands as a beacon of innovation in the financial sector, aiming to create a tokenized world where value can flow freely. It envisions a future where all forms of value, including fiat currencies, stocks, and real estate, are tokenized on public blockchains. This decentralized approach seeks to build a global financial system that is more efficient, transparent, and equitable than existing models.

By fostering a community-oriented product, Band contributes significantly to Ethereum's rapidly expanding DeFi ecosystem. It pioneers business models that prioritize community usage over short-term profits, paving the way for a multi-blockchain future. Through its flexible framework, developers have the liberty to create a myriad of decentralized applications, including digital wallets and derivative platforms, thereby revolutionizing the financial landscape.

What Determines Band Protocol's Price?

In the dynamic world of cryptocurrency, the price determination of assets like the Band Protocol is influenced by a myriad of factors deeply rooted in the blockchain ecosystem. One of the primary determinants is the supply and demand dynamics prevalent in the cryptocurrency market. The Band Protocol, being a pivotal player in the decentralized finance (DeFi) sector, experiences price fluctuations based on the trading volume it witnesses on various cryptocurrency exchanges. High demand for its native ZRX token, often spurred by positive developments or integrations within the blockchain sphere, can potentially drive up its market value.

Furthermore, the utility and functionality of the Band Protocol in the blockchain landscape play a significant role in shaping its price trajectory. As a cornerstone in the DeFi space, the Band Protocol facilitates seamless peer-to-peer transactions of Ethereum-based assets, a feature that has garnered considerable attention in the cryptocurrency community. The governance model of the Band Protocol, empowered by the ZRX token, also adds to its valuation. Token holders have a say in the protocol's evolution, a decentralized approach that aligns with the broader vision of blockchain technology. This governance utility, coupled with the staking rewards offered by the protocol, creates a robust use-case scenario, often reflecting positively on its price.

Moreover, macroeconomic factors and broader market sentiments also have a bearing on the Band Protocol price. In a sector where investor sentiment can swiftly oscillate, news, regulatory developments, and trends in the cryptocurrency space can have a substantial impact. Investors and traders meticulously analyze market signals and blockchain data analytics to gauge potential price movements. Additionally, the technological advancements and updates within the Band Protocol ecosystem, such as enhancements in liquidity and trade pricing, can act as catalysts, steering the price in a positive direction. As the Band Protocol continues to solidify its position as a core DeFi building block, its price is expected to resonate with its growth trajectory, reflecting the protocol's impact and stature in the blockchain and cryptocurrency domain.

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Current price:
All-time high:$2.53
All-time low:$0.1040

ZRX supply and tokenomics

Circulating supply:848,396,540 ZRX
Total supply:1,000,000,000 ZRX
Max supply:1,000,000,000 ZRX
Market cap:$376.14M
Fully diluted market cap:$443.36M
Token allocation:
Token Sale
50.00%
Ongoing Expenses
15.00%
Developer Fund to Help Grow the 0x Ecosystem
15.00%
Team
10.00%
Initial Advisors and Investors
10.00%
Tokenomics:

Uniqueness

Unlike many other Ethereum decentralized exchange protocols, 0x supports both fungible (ERC20) and non-fungible (ERC-723) tokens. This means it can be used for the permissionless trading of a wide range of assets, giving holders a way to buy, sell and exchange the vast majority of Ethereum assets through more than a dozen different apps.

The 0x protocol can be applied to a wide range of use cases, including eBay-style marketplaces for digital goods and services, OTC trading desks, exchange functionality for DeFi protocols and plain-old decentralized exchanges.

Although 0x can be used to build highly flexible exchange products, it can also be built into products where asset exchange is a secondary feature — such as for in-game purchases and portfolio management platforms.

On the 0x protocol, liquidity takers pay a fee in the form of ZRX tokens — this fee is used to incentivize market maker (relayer) liquidity. Users also need to pay a protocol fee in the form of Ether (ETH), which is used to pay for the gas used in any transactions they complete. As an open-source protocol, 0x does not receive any share of this revenue, and is instead supported by ZRX tokens unlocked as team and developer incentives — along with its initial ICO funding.

Links

Buy 0x Protocol for $1Buy ZRX now

What is the development prospect and future value of ZRX?

The market value of ZRX currently stands at $376.14M, and its market ranking is #175. The value of ZRX is widely recognized by the market. When the bull market comes, the market value of ZRX will likely continue to increase.

Moreover, if ZRX can play a greater role in practical applications, such as 0x Protocol builders fully leveraging the potential of ZRX, partnering with more businesses, and increasing its user base, the long-term value of ZRX will be significantly enhanced.

What will the price of ZRX be in 2025?
Based on ZRX's historical price performance prediction model, the price of ZRX is projected to reach $0.5358 in 2025.
What will the price of ZRX be in 2030?
In 2030, the ZRX price is expected to change by 0.00%. By the end of 2030, the ZRX price is projected to reach $0.7755, with a cumulative ROI of +69.04%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of ZRX and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is ZRX worth investing or holding? How to buy ZRX from a crypto exchange?

If you want to buy ZRX, the following information may be helpful for your investment decisions:
In the last 7 days, the price of ZRX has fallen by -27.30%, leading to negative returns for most ZRX investors. The market is currently pessimistic about the price trend of ZRX.
It is important to note that the current price of ZRX has retreated by -82.49% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether ZRX is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in ZRX or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of ZRX, if you want to buy or sell ZRX, you can consider Bitget for your trading needs. The best place to buy ZRX is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in 0x Protocol has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy 0x Protocol. Here's a step-by-step guide on how to buy 0x Protocol on Bitget.

How to get 0x Protocol through other methods?

Using cash to buy 0x Protocol is not the only way to obtain 0x Protocol. If you have the time to spare, you can get 0x Protocol for free.
Learn how to earn 0x Protocol for free through the Learn2Earn promotion.
Earn free 0x Protocol by inviting friends to join Bitget's Assist2Earn promotion.
Receive free 0x Protocol airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to 0x Protocol through Bitget Convert, Bitget Swap, or spot trading.

What is 0x Protocol used for and how to use 0x Protocol?

The use case of 0x Protocol may expand as the crypto market and the project itself develop. Currently, you can use ZRX to achieve the following goals:
Arbitrage by trading ZRX: Since ZRX is a frequently traded cryptocurrency, the price of ZRX is always fluctuating. Earn more ZRX by buying low and selling high on the exchange. Bitget spot market provides a variety of ZRX trading pairs to fully meet your needs.
Earn by staking ZRX: You can also generate income through financial management methods such as staking ZRX or lending ZRX. Bitget Earn offers a variety of financial products designed to help you earn more income from your ZRX.
Send or pay ZRX: If you want to give ZRX to your friends, a charity, or a fundraiser, or you want to pay someone with ZRX, you can quickly and easily send ZRX to the recipient through their payment address.
You can also go to the official website of the 0x Protocol project to learn more about the use cases of ZRX. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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