bZx Protocol (BZRX) Hits Market Capitalization of $97.37 Million

bZx Protocol (CURRENCY:BZRX) traded up 8.3% against the dollar during the 1-day period ending at 15:00 PM ET on October 14th. bZx Protocol has a total market cap of $97.37 million and $31.82 million worth of bZx Protocol was traded on exchanges in the last 24 hours. One bZx Protocol coin can currently be purchased for about $0.31 or 0.00000527 BTC on popular exchanges. During the last week, bZx Protocol has traded 1.6% higher against the dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

  • Starname (IOV) traded 3.9% lower against the dollar and now trades at $4,099.30 or 0.08159023 BTC.
  • Binance USD (BUSD) traded up 0% against the dollar and now trades at $1.00 or 0.00001723 BTC.
  • Chainlink (LINK) traded 11.1% higher against the dollar and now trades at $27.25 or 0.00046960 BTC.
  • Polygon (MATIC) traded up 2.4% against the dollar and now trades at $1.32 or 0.00002639 BTC.
  • Axie Infinity (AXS) traded 18.1% higher against the dollar and now trades at $141.56 or 0.00243940 BTC.
  • Polygon (MATIC) traded up 2.7% against the dollar and now trades at $1.26 or 0.00002173 BTC.
  • DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • FTX Token (FTT) traded 3.5% higher against the dollar and now trades at $55.41 or 0.00095479 BTC.
  • Dai (DAI) traded up 0% against the dollar and now trades at $1.00 or 0.00001724 BTC.

bZx Protocol Coin Profile

BZRX is a coin. Its launch date was February 4th, 2019. bZx Protocol’s total supply is 1,030,000,000 coins and its circulating supply is 318,595,175 coins. bZx Protocol’s official Twitter account is @b0xNet and its Facebook page is accessible here. The official website for bZx Protocol is bzx.network.

According to CryptoCompare, “bZx is not itself an exchange, but a protocol that can be integrated into the current exchange infrastructure. Exchanges and relays are incentivized by fees denominated in the BZRX protocol token (BZRX) to offer decentralized margin lending and margin trading services. Assets are valued and liquidated via competing oracle providers. By decoupling the valuation and liquidation of assets from the protocol, the oracle marketplace approach allows competition to drive the oracle provider fee to its marginal cost while encouraging experimentation and flexibility. The new BZRX token will be launched on the Ethereum mainnet Monday, July 13th, 2020.BZRXv1 token holders can easily migrate to the new BZRX token using the Staking Dashboard here Token holders will need to migrate in order to unlock their BZRX tokens.Token holders will need to migrate to the new token by the time the platform relaunches in August to qualify for Fee Sharing.BZRXv1 token holders will have 1 year from the launch of the new token on July 13, 2020, to migrate their holdings to BZRX tokens. “

Buying and Selling bZx Protocol

It is usually not possible to purchase alternative cryptocurrencies such as bZx Protocol directly using US dollars. Investors seeking to trade bZx Protocol should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase bZx Protocol using one of the exchanges listed above.

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