Review on 0x by David Olayide
0x And Future Of Decentralized Exchange Platforms
0x is an open source based exchange built on the Ethereum blockchain to facilitate the exchange of eth based digital assets. It is also known in other words, as a decentralized exchange. The 0X platform allows users to transfer and exchange Ethereum based tokens and digital assets in a seamless and hitch free or otherwise uncomplicated process.
Interestingly as I have discovered, the platform has its very own digital token called ZRX, and this token can be used to pay trading fees. Also there is opportunity for holders of the token to have an increased influence according to the amount of ZRX coins they hold in their accounts.
The project is built on the Ethereum blockchain and operates on a smart contract model. This effectively reduces the costs involved in transactions, and also makes the project as secure as possible. The decentralized nature of 0x makes it possible for a variety of assets to be traded. These assets might include video games and even real estate.
My opinion about the ZRX token is that even though it is not currently highly priced, it is still a very good project to invest in.
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Pros
- Operates a smart contract model
- 0x structure allows for the trade of a variety of assets
- Decentralized exchange system
- There is an in-built token called ZRX
Cons
- 0x might need to provide more information about their services to the public
