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0x Defi Coin Review: The Liquidity Endpoint for DeFi

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About 0x Defi Coin

0x Defi Coin is important infrastructure for the emerging crypto economy and enables markets to be created that couldn’t have existed before. As more assets become tokenized, public blockchains provide the opportunity to establish a new financial stack that is more efficient, transparent, and equitable than any system in the past.

0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges. 0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.

The protocol is powered by an ERC20 utility token known as ZRX. Nodes that (also known as relayers) host an off-chain order book and offer user-facing applications that present this information and allow users to make, fill and cancel transactions are paid in ZRX tokens (as trading fees). ZRX can also be used to participate in platform governance, helping holders suggest and vote on changes to the protocol.

In 2019, 0x Defi Coin announced an overhaul of the ZRX token, adding extra functionality, allowing ZRX holders to delegate their stake to a market maker to earn passive rewards while retaining their voting capacity.

0x Defi Coin Project Facts

Defi Coin Name0x Defi Coin
Short Name LRC
Max Supply1,000,000,000
Ethereum Contract0xe41d2489571d322189246dafa5ebde1f4699f498
WhitepaperClick Here To View
Circulating Supply750,237,563 ZRX
Official WebsiteClick Here To Visit

Core Values

Do The Right Thing

They acknowledge the broad subjectivity behind doing “the right thing,” and are committed to rigorously exploring its nuance in our decision making. They believe this responsibility drives our decision making above all else, and pledge to act in the best interest of our peers, community, and society as a whole.

Consistently Ship

Achieving 0x Defi Coin mission requires dedication and diligence. They aspire to be an organization that consistently ships. They set high-impact goals that are rooted in data and pride ourselves in consistently outputting outstanding results across the organization.

Focus on Long-term Impact

They anticipate that over time, awareness of the fundamentally disruptive nature of frictionless global exchange will cause some to see this technology as a threat. There will be setbacks, some will claim that this technology is too disruptive, and we will face adversity. Persistence and a healthy long-term focus will see us through these battles.

The liquidity endpoint for DeFi

0x API is a professional grade liquidity aggregator enabling the future of DeFi applications.

Focus on your product. Let 0x find the best prices.

The smart order routing splits up your transaction across decentralized exchange networks to be filled with the lowest slippage possible.

Best in class performance

Better prices, faster response times, and lower revert rates than any other aggregator on the market. See the data.

The vision

0x Defi Coin envision a world in which all forms of value are tokenized on public blockchains. This includes fiat currencies, stocks, bonds, commodities, debt instruments, real estate, video game items, digital collectibles, software licenses, reputation and much more. Combined with a set of open financial primitives, they can build a global financial system that is more efficient, transparent, and equitable than any system that has existed in the past. This new infrastructure will be free to use and run on open source code, stripping away layers of middlemen and providing individuals with greater financial sovereignty.

How Is the 0x Network Secured?

0x is built on top of the Ethereum blockchain. As a result, it is protected against attacks by the combined efforts of the massive Ethereum miner and node network.

As for the underlying smart contracts, version 3 of the protocol has been audited by several third party firms which checked to see if there were any underlying vulnerabilities, backdoors and redundant functions, including ConsenSys Diligence — no major issues were found.

However, a vulnerability was found in the v2.0 smart contract, which was later patched by the 0x core team. This vulnerability was detected by an independent researcher and was not exploited. 0x continues to operate a generous bug bounty, to help detect and patch any issues before they can be exploited.

Where Can You Buy 0x (ZRX)?

ZRX is currently available to trade on well over 200 different exchange platforms, but the most popular ones include Coinbase ProBinance and BitMax. It can currently be traded against a range of other cryptocurrencies, including Bitcoin (BTC), Tether (USDT) and Ethereum (ETH), as well as several fiat currencies, including U.S. dollars (USD), euros (EUR) and South Korean won (KRW).

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Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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