Review on 0x by Inioluwa Okedeji
A Review On Ox(ZRX)
Decentralized trading is becoming popular. This form if trading connects both the buyers and sellers directly.
Ox is a cryptocurrency exchange platform that supports decentralized trading. It is also one of the few exchanges that trade ERC 20 tokens.
ERC 20 is one of the most significant ethereum tokens that can be traded. This particular token as risen as the standard, thereby being used for all smart contracts on the ethereum blockchain. These tokens are a blockchain based asset.
While most digital currency exchange follow the conventional centralized trading model, Ox is different.
ZRX is the ERC-20 token of the Ox exchange
ZRX is an open source code that's built based on the ethereum blockchain network.
This open source code enables p2p exchange of tokens in the ethereum blockchain.
It also provides smart contracts infrastructure on ethereum's blockchain.
ZRX token holders are privileged to staking pools and have access to earn liquidity rewards.
ZRX is currently ranked 48th on coinmarketcap.
With a market cap of $337,975,281 USD
It has a circulating supply of 720,225,196 ZRX
ZRX has a total supply of 1,000,000,000 ZRX.
Ox(ZRX) has the ability to generate liquidity in the cryptocurrency market.
Ox exchange is efficient because it offers a wallet to wallet trading that's secured and has no need for deposits or withdrawals.
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Pros
- Ox exchange platform is an absolutely free platform that's publicly accessible
- Ox's decentralized protocol can help developers build their own cryptocurrency exchanges.
- The ZRX token has a very good commercial value
- Ox smart contracts are auditable and fair
- Some of Ox functions are seemingly like decentralized applications
Cons
- It is solely reliant on the ethereum blockchain technology
