Cryptos:  11,119Exchanges:  391Market Cap:  $1,530,466,335,40224h Vol:  $78,676,684,791Dominance:  BTC: 47.5% ETH: 17.9%ETH Gas:  24 Gwei
Cryptos:  11,119Exchanges:  391Market Cap:  $1,530,466,335,40224h Vol:  $78,676,684,791Dominance:  BTC: 47.5% ETH: 17.9%ETH Gas:  24 Gwei
BZRX

bZx ProtocolBZRX

Rank #389
Token
On 26,762 watchlists

bZx Protocol Price (BZRX)

$0.2232
4.88%

0.000005762 BTC4.88%

0.00009533 ETH4.88%

Low:$0.2178
High:$0.2555
24h
BZRX  bZx Protocol BZRXPrice: $0.2232 4.88%
Market Cap
$61,375,638
4.70%
Market Cap / TVL Ratio
0.5919
Fully Diluted Market Cap
$229,880,626
13.46%
Total Value Locked (TVL)
$103,697,146
Volume
24h
$38,131,136
2.99%
Volume / Market Cap
0.6213
Circulating Supply
274,998,847.95 BZRX
Max Supply
--
Total Supply
1,030,000,000
Sponsored

bZx Protocol Chart

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BZRX Price Live Data

The live bZx Protocol price today is $0.223185 USD with a 24-hour trading volume of $38,131,136 USD. bZx Protocol is down 4.88% in the last 24 hours. The current CoinMarketCap ranking is #389, with a live market cap of $61,375,638 USD. It has a circulating supply of 274,998,848 BZRX coins and the max. supply is not available.

If you would like to know where to buy bZx Protocol, the top exchanges for trading in bZx Protocol are currently Binance, CoinTiger, Hotcoin Global, HitBTC, and ZT. You can find others listed on our crypto exchanges page.

What Is BZx Protocol (BZRX)?

The bZx protocol is an Ethereum-based decentralized platform built for DeFi lending and margin and leverage trading that differentiates itself from competitors through a smart contract-powered token system.

Launched in 2018, offers two types of financial primitives, iTokens and pTokens, through its Fulcrum and Torque DeFi platform.

BZx’s trading front-end Fulcrum allows users to trade and or lend crypto assets through tokenized loans (iTokens) and tokenized positions (pTokens). Torque serves as bZx’s lending front-end web interface, allowing users to borrow funds for any purpose at a fixed interest rate.

The bZx system has 3 core ERC20 tokens: iTokens, pTokens and BZRX tokens, which each play an essential role in how bZx functions. In July 2020, bZX launched its native token BZXR in an Initial DEX Offering (IDO), on the Uniswap exchange.

Who Are the Founders of BZx?

BzX was founded by Tom Bean, a former Nokia engineer, and Kyle Kistner, a former researcher, both from Georgia, USA, who came up with the concept in August 2017 and published their white paper in February 2018. They respectively launched Fulcrum and Torque in June and October 2019.

The bZx team currently has 13 members and a list of influential partners and collaborators, including Chainlink, Kyber Network, Augur, Maker, DeFi Pulse, Signal Ventures and Deversifi.

What Makes BZx Protocol Unique?

BZx’s value proposition to DeFi users can be described as “everything is tokenized.” The protocol offers incentivized yield farming by refunding active users with 50% of the fees they pay in the form of BZRX.

This differentiates them from other liquidity mining protocols, which often offer exponential token rewards that dwarf the actual value of fees paid to the protocol. This oracle-based pricing method of only rewarding active users with tokens is considered a more sustainable model that adds more value to the protocol over the long term.

The protocol’s two financial primitives, iTokens and pTokens, are composable and can be used as collateral for loans or listed on exchanges. ITokens go up in value due to constant compound interest earned, while pTokens are issued to represent short and long leveraged margin trading positions.

Lenders who act as liquidity providers automatically receive iTokens for adding funds to liquidity pools, which can be exchanged at any time for their original funds plus accumulated interest.

BZX users who borrow funds to do margin trading on Fulcrum automatically receive various types of pTokens (“position tokens”), based on the liquidity pool they trade on, such as ETH-USDT, LINK-DAI or AAVE-USDC. Read more on how their pTokens work here.

Moreover, Fulcrum users don’t need to register or pay transaction fees and can use most Ethereum wallets like MetaMask to connect to the protocol.

Learn more about Compound (COMP).

Learn more about Maker DAO (MKR).

Learn more about Harvest Finance (FARM)..

Visit the CoinMarketCap blog for trending blockchain news and insights.

How Many BZx Protocol (BZRX) Coins Are There in Circulation?

bZx has a total supply of 1,030,000,000 BZRX tokens, with a current circulating supply of 140 million tokens.

BZRX tokens are to be distributed as follows:

Vesting (21.35%), Presale (13.65%), Team (20%), Builder Fund (20%), Security and Alignment Fund (5%) and Ecosystem Fund (20%). Of the 20% allocated to reward users, 17% will go towards fee rebates and 3% to the protocol’s usage.

How Is the BZx Network Secured?

The bZx protocol has been plagued by security flaws which resulted in three hacks in 2020. Despite having their smart contracts audited by firms such as Peckshield and Certik, the last hack in September resulted in an $8 million exploit due to “one misplaced line of code” that allowed hackers to duplicate assets. Impacted users were refunded in full by the Fulcrum “black swan” insurance fund.

The bZx team is working with developers and auditors to improve security and network upgrades are constantly rolled out.

Where Can You Buy bZx Protocol (BZRX) ?

The top exchanges for trading in bZx Protocol are currently Binance, HBTC, Binance.KR, CoinTiger and VCC Exchange. You can find others listed on our crypto exchanges page.

You can now purchase cryptocurrencies like Bitcoin and Ethereum directly by credit card in the fiat currency of your choice. To find out how, read more here.

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BZRX

bZx Protocol

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USD

United States Dollar

BZRX Price Statistics

bZx Protocol Price Today
bZx Protocol Price$0.2232
Price Change24h$-0.01144
4.88%
24h Low / 24h High
$0.2178 /
$0.2555
Trading Volume24h$38,131,135.71
2.99%
Volume / Market Cap0.6213
Market Dominance0.00%
Market Rank#389
Total Value Locked (TVL)$103,697,146
bZx Protocol Market Cap
Market Cap$61,375,638.23
4.70%
Fully Diluted Market Cap$229,880,626.24
13.46%
bZx Protocol Price Yesterday
Yesterday's Low / High
$0.2015 /
$0.2486
Yesterday's Open / Close
$0.207 /
$0.2461
Yesterday's Change

18.88%

Yesterday's Volume$43,635,640.11
bZx Protocol Price History
7d Low / 7d High
$0.1725 /
$0.2555
30d Low / 30d High
$0.1493 /
$0.2555
90d Low / 90d High
$0.1443 /
$1.17
52 Week Low / 52 Week High
$0.08848 /
$1.66
All Time High
Aug 31, 2020 (a year ago)
$1.66
86.58%
All Time Low
Nov 05, 2020 (9 months ago)
$0.08848
152.25%
bZx Protocol ROI

32.79%

bZx Protocol Supply
Circulating Supply274,998,848 BZRX
Total Supply1,030,000,000 BZRX
Max SupplyNo Data