I posted this yesterday and since then ZRX is up 40%. Up 130% this week. Posting it again for timely relevance.
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People are talking about ripple and monero being the most obvious choices, but I think I have discovered a real sleeper...
The 0x team works very closely with the coinbase research team, Brian Armstrong (Coinbase co-founder) is an angel investor, as well as Olaf Carlson-Wee, the first employee at Coinbase and current head of PolyChain Capital.
Those individuals have a large amount of total supply. Right now in crypto, one of the holy grails for progression of the ecosystem is the development of decentralized exchanges.
Imagine you are the literal gatekeepers for fiat to crypto right now. In such a lightning fast paced, hyper competitive environment, you would likely be on the look out for any threats to your quasi-monopolistic power.
Decentralized exchanges are coming, its absolutely inevitable. The question I would ask myself is, "how can I make money off this?"
The answer is you use your capital to develop open protocols that ALL DEXs can live on top of, and charge people a fee in the token you already have a huge amount of.
ZRX will be on coinbase. At a $180 million current market cap, this coin has, in my opinion, the clearest chance to go 100x from here.
The tokenized world is going to be decentralized, that has already begun.
The barrier to entry to become an "exchange" is going to completely vanish, and the idea of an exchange is is going to completely change. On the 0x project, 'exchanges' are referred to as 'relayers' because their actual function is hosting order books, which they will likely charge a fee for, but must be paid in ZRX.
Exchange is going to be just that; peer-to-peer token exchanges done through smart contracts. There are a few tokens that are trying to capitalize on this by becoming THE decentralized exchange, but this is entirely the wrong approach.
Teams like AirSwap and Kyber (other tokens trying to capture some value in this space) are limiting their development to their walled gardens. This is the old way of doing business. In the decentralized economy, open protocols and infrastructure are where the value is.
The 0x project has done this. There are already over 20 dApps and relayers that are building or have built on top of the protocol, including Bitfinex's spin off decentralized exchange, Ethfinex. Just as a reminder, Bitfinex is one of the largest centralized crypto exchanges in the world. Volume today was $2,715,542,247.
Jack Scott
List of dApps that will be (or are) using the 0x protocol
List of relayers that will be (or are) using the 0x protocol
Dextroid ERC dEX Ethfinex KinAlpha OpenRelay Paradex RadarRelay The 0cean Amadeus Decent Ex
Parker King
Bumping because I want to hear thoughts. Bought some earlier today and I'm up 10% but I want to know if this is a genuine good hold for 2018.
Juan Howard
i personally own some and like 0x but i don't think it will be added. who knows though
Angel Mitchell
ZRX is going to be the most important coin on the Ethereum chain in 2018, then maybe BAT
James Ortiz
Personally don't care if it's added or not. It's going to pull an EOS here soon. $10 is imminent regardless of Coinbase.
Nathaniel Martin
this is one that holding longer-term will absolutely pay off
Dylan Scott
Been holding since ICO. Re-upped a couple times along the way. Feeling comfy right now during this current run. Coinbase would be a nice bonus.
Carson Ward
thanks for this OP
Hunter Wilson
Look at the timeline for EOS and ZRX. Similar supplies and similar utilities so this might be a stretch but - both dipped hard after their ICO, 4 months each to be exact. ZRX is right at the end of that 4 month period and is mooning exactly on schedule, just like EOS did. All of the potential aside, this thing is destined for greatness.
Ethan Baker
Same. Quantstamp also meets with CoinBase and both were funded by YC, but I don't see either being added.
Good hold nonetheless.
Leo Allen
If anything, 0x is less likely to be supported by CB, as it sort of undermines their entire business model.
Thomas Edwards
i like how you think
Nathan Butler
I agree but that being said seems like they are supportive of the project + could list it to on CB and take money from other exchanges as it will definitely be in demand.
Luke Nguyen
If ZRX goes to 10 bucks I will be a literal millionaire
Luis Edwards
Same, I’ve been holding since ICO
Luke Clark
There's great discussion about potential coinbase postings going on this group right now in the voice chat! Swing by if you want !
Yeah, I mean 0x won't ever really be a FIAT off ramp, right? That should always have to be centralized AFAIK, so perhaps the competition won't be so strong, and may actually work out as you describe.
Nathan Gutierrez
Worded that poorly, I know 0x is just the protocol, not actually a decentralized exchange, but what I should've said is"no decentralized exchange will ever be able to accept FIAT in the way CB does, right?"
Matthew Bennett
Well i dip after this pump? I want to buy in
Wyatt Bell
I think that’s right, so 0x doesn’t threaten CB at all
Liam Bell
discord.gg/BRG8duN come make some actual moolah and delete your pink wojak folder >doubled my investment today only
That makes sense user, I think that is a realistic approach...people will still need to buy ZRX to pay fees / cash out somewhere with fiat, ZRX is more just for token exchange so shouldn't undermine coinbase too much if I'm understanding this right. Binance, Polo, liqui, etherdelta (last two are shit but will do the trick)
Jeremiah James
roomie just told me about this coin, hes a programmer and got in eth at like $10
i appreciate the tip user, ill probably get some
Grayson Jones
OP is retarded. Even devs of ZRX say, that they are NOT WORKING with Coinbase.
OP, eat a shit and do not obey others to eat this too.
Zachary Thomas
....wonder why they would get defensive and deny it to such a degree. Wonder why Brian Armstrong is interested and ex co-founder of coinbase is an advisor. Wonder why they showed up at the corn-based office a few weeks back with a few other teams. For people not working with coinbase they sure seem to be attached at the hip.
You aren't wrong though.
Jaxson Martin
Shit corn based confirmed I guess.
Henry Thomas
Friendship is not partnership. And vise versa.
Jayden Sullivan
Can decentralized exchanges be DDOSed?
Jordan Hernandez
very true. still helps me sleep knowing coinbase is supportive of the project.
Bentley Martinez
>0x
QUESTION:
How does a utility token gain value? I mean how much is this shit going to go up considering its just a fucking tool and not actual fiat. You aren't trading it as currency but you are using to trade currency with.
So what the fuck? How high can this shit go?
Lucas Campbell
For those of you holding 0x now, or buying soon, enjoy your early retirement.
Cameron White
Can the eth network be dosed? The answer to that question is the same. 0x lives on top of ETH contracts
Samuel Gutierrez
DEX governance and paying fees afaik
Anthony Williams
good question I'll try my best but a smarter user should try and explain. So bitfinex supposedly had $2,484,060,810 volume today. ethfinex will launch on 0x, exchange fees on that volume will be paid in ZRX. ZRX market cap atm is $232,775,000...so low compared to other tokens that offer less. There's a lot of room to grow for what 0x brings to the table..which gives the token a decent valuation. Also governance votes.
Xavier Rivera
Shoul i buy it right now, or wait for the dip?
Liam Roberts
It will probably stabilise a bit now before continuing to moon
Lincoln Price
why are so many coins mooning... are we all gonna get rich or are a lot of these gonna start crashing overnight or something?
Robert Adams
I would wait for a correction. Things have been going well, I feel like after btc hits 20k things will pull back a little. That being said it's still undervalued...you could always stagger your buys to average out the cost.
Carson Green
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Nicholas Walker
Some of previous threads: boards.Veeky Forums.org/biz/thread/5135332/
Logan Harris
STELLAR LUMENS
Caleb Sullivan
bump
Carter Fisher
Do you want to smile? ZRX is on the 70th position of top 100 most capitalized coins/tokens. It is more than overpriced.
Oliver Nguyen
...what are you getting at? The market cap is low as fuck
Angel Reyes
Dude, it deserves being in top20
Carter Phillips
>no decentralized exchange will ever be able to accept FIAT in the way CB does, right? Wrong
Nathan Thomas
Can't the fiat problem be solved simply by Tether or MakerDAO?
Zachary Nelson
Made a killer profit on the ICO and left myself 3.5k to hold long term, is that enough? Do you remember that there were 0xmarines here, where they at
