What is the issuance price and issuance volume of ZRX coins?

ZRX, the native token of the decentralized exchange protocol 0x, serves as a utility and speculative asset, with its value influenced by factors such as protocol adoption, ecosystem growth, and market sentiment.

Nov 27, 2024 at 03:12 am

[Complete Guide to ZRX Token: Issuance, Distribution, and Value]

Introduction
ZRX, the native token of the 0x protocol, empowers a decentralized exchange (DEX) ecosystem that facilitates peer-to-peer asset trading without intermediaries. Understanding the details of its issuance, distribution, and value is crucial for investors and traders. This comprehensive guide delves into these aspects, providing insights into the mechanics of ZRX tokenomics.

Issuance of ZRX Tokens

Initial Coin Offering (ICO):

In August 2017, 0x conducted an ICO, issuing 500 million ZRX tokens at a price of $0.12 per token.
The ICO raised over $24 million, establishing ZRX as one of the early successful token launches in the blockchain industry.

Private Sale:

Prior to the ICO, 0x conducted a private sale of ZRX tokens to a select group of investors.
The terms of the private sale are undisclosed, but it likely contributed to the subsequent success of the ICO.

Distribution of ZRX Tokens

50% (250 million ZRX): Distributed to ICO participants.
22% (110 million ZRX): Reserved for the 0x Foundation, which supports the development and growth of the 0x protocol.
21% (105 million ZRX): Allocated for future ecosystem development, including grants, incentives, and partnerships.
5% (25 million ZRX): Distributed to the 0x team and advisors.
2% (10 million ZRX): Reserved for liquidity and market making purposes.

Value of ZRX Tokens

Utility Token:

ZRX serves as a utility token within the 0x protocol, used for:
- Paying transaction fees for trades on 0x DEXs.
- Staking to earn rewards for providing liquidity to 0x pools.
- Governance, allowing token holders to vote on protocol upgrades and policy decisions.

Speculative Value:

Like other cryptocurrencies, ZRX has speculative value, influenced by market sentiment, industry developments, and supply and demand dynamics.
Investors may hold ZRX hoping to profit from potential future price appreciation.

Ecosystem Growth:

The adoption and expansion of the 0x protocol, including increased DEX trading volume and ecosystem partnerships, contribute to the value of ZRX.
As the token grows in importance within the 0x ecosystem, its value is expected to increase.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

BANANA

$16.2816

41.37%

Trade Now
GIGA

$0.0140

39.56%

Trade Now
XYO

$0.0119

29.67%

Trade Now
AKT

$1.4884

23.89%

Trade Now
SOS

$0.1622

21.98%

Trade Now
DAG

$0.0489

21.47%

Trade Now

Latest Crypto News

Current Situation: Pump.fun Revenue Drops Sharply
2025-03-12 17:25:50
VanEck Files to Launch an Avalanche (AVAX) Exchange-Traded Fund (ETF) in the United States
2025-03-12 17:15:50
Dogecoin (DOGE) Could Set a New All-Time High Above the $2 Mark
2025-03-12 17:10:50
BTC Bull – Creating a Community of Bitcoin Bulls and Offering Perks
2025-03-12 17:10:50
The Crypto Market Never Sleeps: Qubetics ($TICS), XRP, Binance Coin, and Tron Are Leading the Charge
2025-03-12 17:10:50
SEC Delays Decision on Cryptocurrency Spot Exchange-Traded Funds (ETFs)
2025-03-12 17:10:50

Related knowledge

What is Ethereum’s Slashing mechanism and how to punish malicious behavior?

Feb 20,2025 at 03:08am

Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validatorsOngoing discussions and potential improvementsEthereum's Slashing Mechanism: Punishing Malicious BehaviorEthereum's slashing mechanism is an essential tool for ensuring network security and punishing mal...

What is the verifier node of Ethereum and how to become a verifier?

Feb 19,2025 at 06:00pm

The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a Verifier NodeMinimum Requirements for Becoming a Verifier NodePotential Difficulties in Running a Verifier Node1. What is a Verifier Node?A Verifier Node is an independent entity on the Ethereum network th...

What is Ethereum’s staking, and how to participate and earn money?

Feb 19,2025 at 04:37pm

Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTechnical Requirements and Hardware OptionsPotential Challenges and Troubleshooting TipsFAQs on Ethereum StakingWhat is Ethereum's Staking?Proof-of-Stake (PoS) is a consensus mechanism used in blockchain netw...

What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?

Feb 20,2025 at 03:12am

Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat is Ethereum's DAO (Decentralized Autonomous Organization) and How Does It Work?Definition and Structure of a DAOA Decentralized Autonomous Organization (DAO) is an innovative governance and management fram...

What is Ethereum's multi-signature wallet and how to improve security?

Feb 20,2025 at 02:18pm

Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig WalletStep-by-Step Guide to Generating a Multisig WalletImplementing Strategies for Enhanced Security1. Understanding the Concept of a Multi-Signature WalletA multi-signature (multisig) wallet in the Ethereum e...

What is Ethereum's oracle and how to provide data for smart contracts?

Feb 21,2025 at 01:30am

Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contractsAddressing potential challenges and considerationsWhat is Ethereum's Oracle?Oracles are crucial components in the Ethereum ecosystem, enabling smart contracts to access real-world data and off-chain even...