1 Level
6 Review
6 Karma
Review on 0x by QUAN PHU
The Bitpanda exchange service is scheduled to add the 0x token (ZRX) to its…
The Bitpanda exchange service is scheduled to add the 0x token (ZRX) to its growing portfolio, in a move to include more ERC-20 digital assets with a promising profile. The token is linked to a distributed app and a protocol for creating decentralized exchanges.
Pros
- Unlike other popular digital currencies, ZRX tokens have a fixed supply. The total number of ZRX tokens is one billion. The token was launched on 15th August 2017. Fifty percent of the total supply of tokens (half a billion) was released during the ICO. Fifteen percent of the remaining tokens were retained by the 0x project team, Fifteen percent was added to the dedicated developer fund, ten percent was distributed among the members of the founding team and the remaining ten percent was awarded to early backers of the project and the project’s advisors.
Cons
- Huge supply in circulation making its price quite low then. Most tokens sold during their ICO went to investors and they have quite high market cap at an early. Thus inhibiting market growth & success.
