0x project

File: 0xproject.png (23KB, 550x293px) Image search: [Google]

23KB, 550x293px

The 0x project is a standardization for peer to peer token exchange on the Ethereum network. This will be executed through smart contracts. Imagine ShapeShift except lower fees.

This protocol is also going to allow for individuals or groups of individuals to act as their own exchanges, referred to as Relays in the white paper.

The protocol allows the trading of tokenized assets on any medium, including a 4chan board. There will be a maker/taker smart that executes when it receives the funds from both parties and not before. Relays will accept fees in the native token of this protocol layer of abstraction, ZRX.

The protocol is free to use by anyone, relays (basically orderbook holders) only charge a fee for providing liquidity.

Bitfinex's soon to come Ethereum based token trading, Ethfinex, will be deployed using this 0x protocol.

Some early investors include Pantera capital, Polychain capital and Coinbase (if these names don't ring a bell do yourself a favor and check them out.)

I just bought 25k, I recommend you check this out.