Jesse Eckel
Today I’m talking about the 0x protocol, what is it and is ZRX a good project to invest in? If you have any questions let me know in the comments and I’ll be happy to answer them! —— If you want to follow along with my journey make sure to subscribe! Subscribe: /> —— Follow me: Tiktok: / The Entrepreneurs Planner : / Buy Me Coffee: l Chapters: 0:00 Intro 0:17 “A Simple Explanation On How 0x Works” 1:53 “What Exactly Does 0x Do?” 2:24 “Why Is This Technology Transformative?” 3:19 “What Is The 0X Token Used For?” 3:52 “Is This A Good Project To Check Out?” *None of this is meant to be construed as investment advice, it’s for entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future. #crypto #0X
today we’re going to talk about what is 0x protocol how does it work and is it a good project to invest in i’m going to explain it in a way that even if you’re a total beginner you should have a really solid understanding of what 0x does at the end of this video and if you just want to be a total baller if you could go hit that like button it helps my channel grow and helps get this video out to more people so to understand how xerox works and why it’s so revolutionary i want you to imagine two people who both have an item they want to trade online we got dave over here who’s got a brick of gold and we got rob over here who’s got some cash now i want you to think about the fundamentals of how these two people online without knowing each other or trusting each other can exchange those two items they could just simply trade the items so you know dave could mail his gold and rob could mail his cash at the same time and just trust and hope that the other party is fulfilling their end of the bargain and actually mailing the item if for instance dave mails his gold but rob decides not to mail his cash because he’s a scammer well that dave just lost all his gold and has no way to get it back and now rob has a you know bunch of gold and bunch of cash so that method doesn’t really work so another way you could accomplish this would be both dave and rob send their items to a middleman who acts as an intermediary typically that might be something like a bank or a company like paypal if you were selling a house it might be something like a title company the way it would work is dave and rob would send both their items to this trustworthy middleman and then he would send rob the gold and dave the cash the only issue here is the middleman requires that he gets paid for his services so he’s naturally going to take a cut out of the total amount in order to do the exchange if you go through something like a title company when you go to buy a house it could cost you thousands of dollars to arrange that exchange now imagine if there’s a third way that combined the best of both worlds a way for dave and rob to directly exchange their items without needing middlemen but it being trustworthy and reliable that in a nutshell is exactly what 0x does it’s a network for exchanging value of any kind using blockchain trustless technology and the reason what 0x is doing is so valuable and revolutionary is it’s less risky it’s faster and it’s cheaper they imagine the ability to exchange all types of values on the xerox network it could be cryptos it could be gold it could be cash it could be your house it could be your business it could be land it could be computer storage or digital art or computing power the list of possibilities goes on and on and on and maybe you don’t grasp exactly why that’s revolutionary when something’s faster cheaper more convenient and less risky it is inevitable that that technology takes over if you look at the internet in the early days most people didn’t understand how the internet would revolutionize the world they couldn’t see that the internet was in the process of making things faster cheaper and more convenient today you can run an entire store out of your garage without having to have any sort of real estate whatsoever you can reach millions of people from your bedroom if you’re wondering about adoption when it comes to xerox much of the current crypto device space is actually built on xerox we have projects like one inch exchange metamask paraswap ferrari capital crypto.
com curve kyber cream balancer uniswap and sushi swap and currently they’re working hard to situate themselves as basically a cornerstone of the entire defy space for all time now let’s talk about the 0x token the 0x token spelled zrx is a governance and staking token it gives you ownership on how the network is governed and voting rights as well as it provides liquidity to the network via staking when you stake your 0x tokens to the network you’re paid interest on your stake that interest is paid out of the fees collected on the network recently also xerox labs launched matcha it’s basically like a search engine across like uniswap sushi swap and all these different um decentralized exchanges that lets you find the best price for your exchange so now you’re probably wondering is 0x a good investment and honestly since 2016 i’ve seen a lot of crypto projects spring up get into the top ten everyone’s ranting and raving about them everyone’s saying they’re gonna be the future and then just a year later they practically don’t exist when we had crypto winner i saw so many different projects that were like top tier projects in the 2017 bull run completely die away and they hardly even exist today and some of them don’t exist today 0x was one of those projects that was around in 2017 it had a ton of hype around it and is still around in 2021 and it still has a ton of hype around it durawax seems to have good leadership they seem to have a good momentum going and they seem to know what they’re doing and they’re not just hyped but they’re actually changing and revolutionizing the crypto space that fact alone has kept me invested in 0x and confident that they will continue to innovate in the d5 space moving forward i could easily see the price of 0x going up 10 to 30 times higher from here depending on how they innovate and depending on how the entire dfi space continues to expand and grow and obviously that’s far from a sure thing and xerox could stop innovating or new technology could come out or a new company could come out and just you know run circles around them anything could happen in the crypto space and there’s always a risk no matter what you’re investing in let me know if you have any questions in the comments below make sure you hit that subscribe button and the little bell next to it if you want to be notified when i release new videos talking about different crypto projects or different ways to make passive income and i’ll see you guys next week you