• The co-founders of 0x are Will Warren and Amir Bandeali
• 0x was launched on October, 2016
• 0x All time high price is $74.94
0x is an open protocol that is designed to offer a specialized decentralized exchange as part of the Ethereum blockchain. 0x Protocol facilitates the decentralized exchange of a growing number of Ethereum-based tokens, including all ERC-20 and ERC-721 assets.
There is a fixed supply of one billion ZRX, and the token launch was recent, on August 15, 2017. 50 percent of the tokens were released during the launch with 15 percent retained by 0x, 15 percent going to the developer fund, 10 percent going to the founding team, and 10 percent going to the advisors and early backers.
ZRX has 2 main utility functions: Governance & Relaying fees. ZRX will allow holders to vote on changes to the 0x protocol. A governance mechanism decreases the chance of upgrade forks, allows an automatic upgrade of the contracts.
Relayers will host off-chain order-books and matching engines to match orders of makers and takers (the users wanting to trade ERC20 tokens). Makers and takers being matched using the service will pay a fee to the relayer using ZRX.