Convert and Swap 0x Protocol ZRX to United States Dollar USD

0x Protocol (ZRX) is an open-source infrastructure protocol that enables users to trade ERC20 tokens and other assets across various blockchains, including Ethereum, without the need for centralized intermediaries. The protocol achieves this functionality through a collection of publicly auditable smart contracts, creating a flexible, low-friction trading protocol that developers can integrate into their products. The protocol is utilized by companies developing web3 applications such as wallets, decentralized exchanges (DEXes), and portfolio trackers. The 0x Protocol is powered by an ERC20 governance token known as ZRX, which allows holders to participate in protocol governance and influence changes within the community treasury.

0x Protocol operates by using a collection of open-source smart contracts that work together to create a flexible and low-friction trading protocol. This allows developers to easily incorporate it into their products. On the 0x protocol, liquidity takers pay a fee in the form of ZRX tokens, which incentivizes market maker (relayer) liquidity. Users also need to pay a protocol fee in Ether (ETH), which is used to cover the gas costs of their transactions. As an open-source protocol, 0x does not receive any share of this revenue. Instead, it is supported by ZRX tokens unlocked as team and developer incentives, along with its initial funding.

0x Protocol can be applied to a wide range of use cases. It can be used for the permissionless trading of a broad range of assets, providing holders with a way to buy, sell, and exchange the majority of Ethereum assets through more than a dozen different apps. The protocol can be used to create eBay-style marketplaces for digital goods and services, over-the-counter (OTC) trading desks, exchange functionality for decentralized finance (DeFi) protocols, and traditional decentralized exchanges. Additionally, 0x can be built into products where asset exchange is a secondary feature, such as in-game purchases and portfolio management platforms.

0x Protocol was founded in 2016 by Will Warren and Amir Bandeali. The platform was launched following a successful initial coin offering (ICO) in 2017, during which it raised a total of $24 million. Prior to the ICO, Warren held several research roles and briefly served as a technical advisor to Basic Attention Token (BAT), while Bandeali held several trading positions before co-founding 0x. The team now consists of over 30 individuals, including engineers, researchers, and designers who work to update the platform and ensure its smooth operation. The protocol has facilitated over $200 billion in trading volume since its inception.