The @0xProject’s token, $ZRX is going through a metamorphosis. 🦋
A well-funded community treasury creates an unforkable pool of communal resources that backs the protocol’s long-term development. This makes it more difficult for meme forks to gain traction.”
What a joke. What the fuck have they been doing since CB listing?
jthawksCrypto God | QC: CC 251, XLM 2442 months ago
There are a lot of posts from this year about updates to the 0x protocol and interesting things that are in the works, such as 2nd layer Zero Knowledge Proofs on Ethereum that are high scalable.
The 0x protocol took off without the need to pay fees (as described in the post) with the ZRX token. Forcing users to pay with ZRX is reintroducing a middleman in the system and going backwards from a UX perspective.
On chain governance is overrated. The value of a user's voting rights is akin to a user's corporate proxy voting rights (it's worthless since an individual has a near zero chance of influencing any decision, especially ones dominated by whales).
Edit: Removing ZRX as a fee makes sense (ZEIP-28). Staking ZRX seems like an attempt to provide a price floor and also to avoid classification as a security.