The rapid growth of blockchain based companies in the present period has proven that technology is a dominating part of modern society. As blockchain projects rise, the number of digital assets have doubled, and that’s where KuCoin intends to operate – to improve potential tokens and become an asset to watch and trade.
Another promising project called 0x has listed their system currency called ZRX to the KuCoin platform.
Deposits are now available with trading pairs that include ZRX/BTC and ZRX/ETH. Buying started on 30th August, at 21:30 UTC+8 while Selling and Withdrawal commenced at 22:00 (UTC+8) on 30th August. All transactions can be processed either by utilizing KuCoin’s App or directly to their official website.
0x ZRX Introduction
0x is recognized as an open, permissionless protocol conceding for ERC20 tokens to be transacted on the Ethereum blockchain” and will be utilized for “powering decentralized exchange.”
When they organized 0x in October of 2016, Amir Bandeali and Will Warren were speculating on the disruptive trajectory of blockchain technology. They believe in a future where assets of all characters, from stocks to currencies to valuable metals, are traded publicly as tokens on the blockchain. Provided the versatility of Ethereum’s platform and the range of its decentralized applications, they consider the Ethereum blockchain is the perfect medium to support this revolution in asset exchange.
How 0x Works
The essence of 0x’s decentralized trading concentrates on an off-chain organizing relay that cuts back on gas prices and decreases network bloat. For those of you who have any involvement with a decentralized exchange like Ether Delta, you may already recognize the advantage of off-chain orders.
Most decentralized exchanges function utilizing smart contracts powered by the Ethereum blockchain. It means that all order functions and trades take place inside these smart contracts, and users are constantly in control of their funds, rather than granting them to a third party like they would with a centralized exchange.
The ZRX Token
ZRX tokens are utilized for decentralized governance and although it’s currently limited to the Ethereum blockchain, cross-blockchain solutions like Cosmos and Wanchain will soon connect 0x to the outside world. Tokens are not mineable, although the founder and advisor shares are being time released.
For more information, click here.