0x(ZRX) coin: An 0x DEX coin rewarding Dapps creators for linking their platform to the DEX for easy swapping of ERC20 tokens

0x(ZRX) coin: An 0x DEX coin rewarding Dapps creators for linking their platform to the DEX for easy swapping of ERC20 tokens

By quintomudigo | Crypto Street | 19 Nov 2019


  351665157-d2bff73b451c819b9dd4aa5af4e257cba97732ab4d075d8ab3fe795fc55d7d32.png  

 

  0x which is abbreviated as ZRX coin is a native cryptocurrency of the  0x decentralized platform  created and issued on  the ethereum blockchain network  whose transaction takes place from one peer to another without involvement by the government thus is being considered to be a decentralized asset. As a native coin of the 0x DEX,it enables different developers as well as owners of different websites as well as Dapps to be able to integrate the 0x DEX API into their platform where the integrators will set the fees to be charged such that they will be earning those fees as income whether a swap of ERC20 token is being swapped from one asset to another.Game developers can also integrate the non-fungible tokens so that they can be swapped to fungible tokens. Since it is based on ethereum network,the fees for transferring ZRX from one smart contract address to another is paid using ether gas.In the near future,0x will introduce staking program thus ZRX will be able to be used to vote in the future.

Ox coin transaction 

Ox coin transaction takes place on the ethereum blockchain explorer based on block height and timestamp.Here is a view of the transaction;

351665157-914e0fa8c5f7fde1b8fa8891bc3351ea574a97bebdeedd5b0c13256628588e8d.png      

 

To view how the transaction takes place on the ethereum  blockchain, you can follow the link below; https://etherscan.io/token/0xe41d2489571d322189246dafa5ebde1f4699f498      

Date Launched

The 0x coin poject was created and launched in 2017 with the main objective of making it easier for ERC token swapping.Game developers were also considered since non-fungible assets can also be tradeable with one another as well as in terms of ZRX.

Founder Of 0x(ZRX)  coin

ZRX coin project was created by Will Warren who serves as company's CEO and Amir Bandeari who serves as company CTO.Their main objective for creating ZRX project was to make it easy for ERC20 tokens as well as non-fungible assets to be easily swapped with one another

Process of creating 0x(ZRX) coin  

No staking program has been introduced yet though ZRX is set to become a staking coin in future. Currently,when you link the 0x DEX platform to your website or Dapp then users swap ERC20 token from one asset to another or Dapps users convert non-fungible assets to ZRX coin,then part of the fees charged will be considered as your income.   If you would like to also take part in linking the 0x DEX to your platform to enable users to swap one ERC20 token to another instantly so that you can receive fees charged when the swapping is taking place,then you can follow the link from below;

https://0x.org/instant  

  Maximum circulation of 0x(ZRX) coin

  The maximum amount of ZRX that should be circulating in the ethereum network should be 1 billion coin. During its launch, 500 million coins were set aside for token launch to cater for governance while another 150 million coins were retained by 0x organization. Another 150 million coins were set aside for external development while another 100 million coins were issued to team members while another 100 million coins to early backers and advisors. Here is how the distribution looks like;  

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0x coin  Price

Currently, 1 0x  coin is worth more than $0.27 and its price is expected to increase over the next period of time . 0x coin is being abbreviated as  ZRX.  

 

Converting my 0x coin  to other cryptocurrencies

To convert your 0x coin to other cryptocurrencies such as bitcoin and Ethereum, you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your ZRX coin to Bitcoin or Ethereum.  

https://www.coinex.com/ 

https://pro.coinbase.com/   

https://www.binance.com/en

https://www.bitfinex.com/ 

 https://bitmax.io/

https://poloniex.com/ 

 https://global.bittrex.com/  

Storing my 0x coin

To store your 0x coin, you need a 0x wallet compatible to ERC20 token . You can either store online or offline. To store your 0x coin online, you can either use myether wallet or metamask for ERC20 . To securely store your 0x coin offline from being stolen by hackers, you can use ledger Nano wallet.

Transferring my  0x(ZRX) coin to other Users

If you want to transfer your ZRX coin to another user, the two of you must have trust in each other. The trust should be the ZRX coin address provided for by the receiver while the sender must have the ZRX coin balance in their account to send to the receiver. For the sender, a blank space to insert the receiver address and another blank space to insert the amount to send to the receiver is indicated. Here is how it looks like;  

351665157-c3bf69ccefa6eea74c9f9b9ef61cf1ea7ac52e63815ea8488766e7108a098c94.png  

 

  Knowing more About 0x coin

If you feel that you need to learn more about 0x coin, then you can follow them on their site. Here is the link redirecting you to 0x coin platform website 

https://0x.org/  

You can as well read their white paper to learn more about their idea from below

https://0x.org/pdfs/0x_white_paper.pdf 

  You can also join as a community member in any of their social media platform from below to follow the discussion made by other community members;  

twitter:https://twitter.com/0xproject

discordapp:https://discordapp.com/invite/d3FTX3M

facebook:https://www.facebook.com/0xProject/

reddit:https://www.reddit.com/r/0xProject/

 

Now that you know, I think that it is time for you to start earning some ZRX on your Dapp or website in form of transaction cost for allowing other users to swap both non-fungeable assets to asset as well as ERC20 tokens from one asset to another The more the swapping power from your integration the more your reward.If you feel that we should also own some Ox(ZRX) coin for simply helping you know about it then here is our 0X coin address compatible to ERC20.

0x829a03ca847DD1Cbf1E4fc102337787B2e28800c


quintomudigo
quintomudigo

Trader, Blockchain Technologist and Contentpreneur. Also founder and CEO @ Teacher Forex School.


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