About bZx Protocol
Market Stats
Market Cap
Not enough data
FDV
$1.12M
Circ. Supply
981M BZRX
Max Supply
1B BZRX
Total Supply
1B BZRX
Diluted Valuation
$1.12M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
Not enough data
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.0011
Price Change (1Y)
Not enough data
50.33%
Additional details
Market details
BZRX vs markets
↘ 46.81%
BZRX vs BTC
↘ 46.6%
BZRX vs ETH
↘ 43.28%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x56d811088235F11C8920698a204A5010a788f4b3 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0011 | |
1 Day | $NaN | |
1 Week | $NaN |
FAQ
bZx Protocol (BZRX) is an Ethereum-based flexible, decentralized finance (DeFi) platform that permits users to create applications to entrust lenders, borrowers, and traders. This platform is a community-run project that is governed by the community vote for all significant changes to the protocol. The bZx is a protocol used for tokenized margin trading and lending. It is a financial primitive for shorting, leverage, borrowing, and lending that grant decentralized and efficient blockchain.
In addition, the network aims to cover the challenges faced by centralized finance (CeFi), such as hacks, emerging regulations, and mishandling of funds by people in trustable positions. Thus, the network seeks to focus on the following criteria to improve decentralized margin trading:
Further, the two main products built on the bZx protocol are the fulcrum and torque. Fulcrum is a DeFi margin lending and trading platform, and torque is an indefinite-term loan with fixed yield rates.
As per the website, the bZx Protocol has BZRX as the native utility token. The primary utility of the BZRX token is the governance of the bZx Protocol ecosystem. Together, token holders have the power to upgrade the protocol. The token holders can aim to create incentives to reward participation and drive usage of the protocol.
Kyle Kistner founded the bZx Protocol along with Tom Bean in August 2017. Kistner completed his master’s degree in computational and molecular biology from Georgia State University. Bean did his bachelor’s degree in computer engineering as well as an MBA from Georgia State University. He also holds experience of more than six years working with Nokia.
BZRX has a maximum total supply of 1,030,000,000.
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