0x (ZRX) is a protocol that manages peer-to-peer (p2p) conversions of Ethereum-based cryptocurrencies. Founded by 0x labs, many see the protocol as an important DeFi foundation for developers seeking exchange capabilities. What makes 0x unique is the secure, audited smart contracts and suite of tools geared towards DeFi developers. While the protocol itself may not be the most user-friendly or understandable for new crypto enthusiasts, its native staking token ZRX has proven to be a good investment in years past.
The 0x project first started in the mania of 2017, set out to build a new, tokenized world where “value can flow freely.” In layman’s terms, 0x sees a world where assets like stocks, real estate, fiat currencies, bonds, debt instruments, digital collectibles, and more all exist on the public blockchain. 0x DeFi building blocks hope to be the first edition of this new tokenized economy and at the moment, are most well known for helping DeFi exchanges create exchange functionality.
That being said, other functions like auction marketplaces, trading markets, lending protocols, and an over-the-counter trading desk are all examples of things that are built on 0x. Lastly, ZRX token holders are rewarded with governance rights and staking opportunities for holding.
YouHodler aggregates prices from top centralized exchanges to provide an accurate 0x price and charts.
The easiest way to buy 0x is to purchase it through a crypto app like YouHodler. Our universal cryptocurrency exchange service lets you convert any crypto, fiat, or stablecoin with competitive fees.
The best way to earn interest on 0x is by depositing it in a YouHodler savings account. Interest payments occur weekly and YouHodler features compounding interest.
You can get a loan with 0x in stablecoins by depositing your 0x as collateral. YouHodler offers the best rates you can get anywhere. Don’t sell your crypto. Use it as collateral and keep its value for later.
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