0x

Reasons to Buy 0x (ZRX)

• Its code is available on the internet for anyone to go through it.
• It is capable of working with all Ethereum tokens.
• It supports both fungible and non-fungible tokens.
• It has a market capitalization of close to $1 billion.
• It has a maximum supply of 1 billion 0x coins.

0x was founded in October 2016 with the aim of representing every asset as an Ethereum token.

It acts as a bridge between people who want to build decentralized exchanges on the Ethereum network without going through the transaction process of Ethereum. It helps to achieve this aim with the help of sidechains. The hassles of calculation and maths are all done by smart contracts, and decentralized applications help for easy swapping of user’s tokens. Its own cryptocurrency ZRX is used as a token to pay trading fees to liquidity providers.

Things to consider before Buying 0X(ZRX)

• 0x is also called a decentralized exchange that allows the P2P exchange of Ethereum tokens.

• Built as a decentralized exchange, it allows for people’s trust by removing centralized entities from the frame.
• It is highly scalable and helps in processing transactions at a better rate.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.