KuCoin, a cryptocurrency exchange platform that is recognized as one of the most promising blockchain asset exchange today has excitedly announced the listing of 0x Protocol. ZRX is now available on KuCoin. The supported trading pairs include ZRX/BTC and ZRX/ETH.
Holders can begin depositing their ZRX assets and can commence trading to other cryptocurrencies available also on KuCoin.
About 0x Protocol (ZRX)
0x is an open protocol that facilitates any ERC20 token to be traded on the Ethereum blockchain which will be employed to produce a decentralized exchange. 0x aims to secure token trading with off-chain transactions more effective by operating smart contracts on the Ethereum blockchain.
Founded in October of 2016, 0x was designed with the intention of enabling anyone to exchange freely any asset and to allow any user to control a decentralized exchange.
The ZRX token
0x’s own Ethereum token (ZRX) is used for paying trading costs to Relayers for their services. The primary use for ZRX is to contribute decentralized control over 0x protocol’s upgrade system, anticipating that ZRX owners have the authorization, proportional to their holdings to state how the protocol should be developed over time.
0x stakeholders are responsible for governing the protocol. They’re also the totalities who have to add, alter, and remove data when needed. Token owners can also utilize the currency to vote on decisions that affect the blockchain, such as protocol additions and upgrades, without disrupting the network’s functionality.
ZRX can be exchanged on some of the most famous exchanges out there such as Binance, OKEx, CoinTiger, Ethfinex, and KuCoin beginning today.
The token can be exchanged for Bitcoin, Ethereum, and even for USD, and USDT. Most of the trading volume comes from Binance and OKEx.