ZRX token

ZRX token is an Ethereum-based utility token used to govern the 0x protocol, which enables the creation of decentralized exchanges (DEXs). 0x protocol is an open-source infrastructure for creating fully decentralized exchanges on the Ethereum blockchain. ZRX token holders have voting rights on protocol upgrades, and also receive a portion of transaction fees generated on the 0x network. ZRX tokens are also used as a medium of exchange to pay for transaction fees on the 0x network. The purpose of creating 0x protocol and ZRX token was to provide a decentralized, fast, and reliable way to exchange digital assets without the need for centralized intermediaries.