0x Protocol

Purpose and Utility

0x Protocol (ZRX) is a decentralized exchange protocol built on Ethereum that enables peer-to-peer trading of ERC-20 and ERC-721 tokens. The ZRX token serves as a governance token for the protocol, allowing holders to vote on protocol upgrades and changes.

Business Model

The protocol facilitates actual asset exchange between parties, with traders maintaining ownership of their tokens until trades are executed. The protocol generates revenue through small fees on trades, which are distributed to market makers and token holders who stake ZRX.

Real-World Adoption

0x Protocol has achieved significant adoption, powering various decentralized exchanges and DeFi applications. Notable integrations include Matcha, MetaMask Swaps, and Coinbase Wallet. The protocol has processed billions in trading volume since its inception.

Platform Development

The project maintains active development with regular protocol upgrades and improvements. The team consistently releases updates and new features, demonstrating ongoing commitment to the platform's evolution.

Token Distribution

The initial token distribution allocated 50% to the public sale, 15% to the founding team, 15% to 0x organization, 10% to early investors and advisors, and 10% for developer fund. Team and advisor tokens had appropriate vesting periods to ensure long-term alignment.