Ox ($ZRX) is a protocol that allows any Ethereum (ERC20) token to be traded freely with no restrictions across decentralised exchanges providing greater liquidity.
Centralised Exchanges are one of the biggest risks and flaws with the current blockchain and Crypocurrency eco-system to date. Hackers, inside fraud, government take-overs are all part of the wild west game currently played, enter Ox.
Founded in 2016 by Amir Bandeali and Will Warren, they both had a vision and future of a completely decentralised ecosystem and one that does not consist of middlemen and centralised risk and one where everything can be tokenised and safely traded via the blockchain.
TITLE/TICKER : Ox ($ZRX)
COMPANY ORIGIN : Global
PLATFORM : Ethereum (ETH)
FOUNDERS : Will Warren & Amir Bandeali
PURPOSE : Decentralised Exchange Protocol
POINT OF DIFFERENCE : Order-matching, liquidity across exchanges
MAJOR PARTNERS : Polychain, Pantera, Jen Advisors…
COMMERCIAL WHITEPAPER: ZRX Whitepaper
FUND RAISING DETAILS/TOKEN DISTRIBUTION :
How does ZRX work?
ZRX works by removing bloat and weight from the blockchain by providing ‘Off-chain order relay’ and ‘on-chain settlement‘. For those who have used a Decentralised Exchange such as IDEX, Ether Delta etc you will know the benefits and ease associated including using Ethereum Smart Contracts to give users total control over their funds vs using a centralised exchange such as Binance, Kucoin, HitBTC or many others.
What are the problems ZRX is trying to solve?
As touched on earlier – the major issue ZRX is trying to solve is that of;
- low liquidity
- greater order matching
- creating truly decentralised exchanges / no central point of failure
- greater efficiency/speed/user experience by settling transactions on the blockchain
The 0x project is being funded/supported by;
- Fintech Blockchain Group
- Jen Advisors
- Blockchain Capital
How to purchase Ox tokens?
How to safely store and secure your Ox tokens?
Recommend an approved wallet from Ox’s official website or we highly recommend is using a Ledger Nano S
Outlook for Ox?
Ox has strong fundamentals and a clear vision/use case. Liquidity and centralised risk are two real issues currently in the very infant blockchain space and Ox is providing solutions. Partners and projects are also taking notice with Ox boasting a strong partner line-up and wider network. Ox like Loopring are protocols to watch for the future…