The most important goal of the KuCoin exchange is to look for the best blockchain-based project that can offer the needs of the world without prejudice. Today they published again that they had listed another crypto-currency that will surely help digital entrepreneurs globally called 0x ZRX Protocol.
The ZRX token is now open for deposits with trading pairs including ZRX / BTC and ZRX / ETH. The purchase starts at 19:30 UTC + 8 and sales / withdrawals at 20:00 UTC + 8.
0x Protocol (ZRX) Introduction
0x is a protocol that promotes peer-to-peer exchange low-friction peer of ERC20 tokens on the Ethereum blockchain. The protocol is designed to act as an open standard and an elementary basis, performing interoperability between decentralized applications (DApp) that include exchange functionality. The operations are managed by a system of smart Ethereum contracts that are publicly available, free to apply and which each DApp can link. DApps developed in addition to the protocol can access public pools of liquidity or create their own liquidity pool and charge transaction fees on the resulting volume.
These ERC20 tokens are digital tokens based on the Ethereum blockchain and are issued by cryptocurrency projects that have launched their initial coin offering. Currency 0x is an ERC20 token and over 500 different cryptocurrencies have issued this token class. Essentially, ERC20 tokens are the Ethereum solution to create a cryptocurrency quickly and easily.
With all these different digital resources based on Ethereum, it is very difficult for these various resources to communicate with each other. Put simply, 0x is trying to simplify the exchange of an Ethereum-based digital resource with one another. For example, the exchange of ZRX coins for Ethereum.
Protocol token 0x (ZRX) is used in two projects:
1) Addressing the coordination problem and guiding the network results around liquidity, generating a feedback loop in which the first protocol adopters use of a wider adoption.
2) To be applied for decentralized governance covering the protocol update mechanism 0x