Explore the tokenomics of 0x Protocol(ZRX) and review the project details below.

What is the allocation & supply schedule for 0x Protocol(ZRX)?

Total Supply and Allocation

• Total Supply: The total supply of ZRX tokens is capped at 1 billion.
• Initial Allocation:

Supply Schedule and Vesting

The initial ICO in 2017 saw half of the total supply released, while the remaining tokens were subject to vesting schedules to ensure gradual distribution over time:

• Founding Team Allocation: Vesting over four years, with an initial one-year cliff. This means tokens were gradually unlocked from 2017 to 2021.
• Development Fund and Team Incentives: Portions were unlocked over time to fund ongoing development, community initiatives, and operational costs.

Utility of ZRX Tokens

ZRX serves multiple purposes:

1. Governance: Token holders can vote on protocol upgrades, changes, and other critical decisions. This decentralized governance model allows the community to influence the future direction of the protocol.
2. Staking: Initially, ZRX could be staked to earn a share of transaction fees collected by liquidity providers (relayers). Staking incentives were designed to encourage the provision of liquidity and support the 0x trading infrastructure.