1 Level
10 Review
21 Karma
Review on 0x by Quan Lam Chan
The 0x seems like a logical step from decentralized cryptocurrency exchanges…
The 0x seems like a logical step from decentralized cryptocurrency exchanges, effectively taking care of many of the flaws those exchanges contain. Due to its versatility and the easy availability of the protocol, it is not far-fetched that 0x will grow quickly, providing the basis for other similar exchange systems using the Ethereum blockchain.
Pros
- - A working product with a strong start to building a network effect. They’ve managed to get 12 relayers on board and one of them has been bought by Coinbase - A very strong team with a background in cryptography, finance and academia
Cons
- - 50% of the token’s sold during their ICO went to investors - 1 billion tokens in circulation is a lot. This could keep the price down for a long time - They have a market cap of nearly $1 billion as of May 2018. This is quite high for a project at such an early stage. How much room for growth is there?
