The blockchain and cryptocurrency project 0x (ZRX) has released a new Kit for individuals to create their own marketplaces. The new tool is known as Launch Kit and has been specifically designed for developers that need to launch a market for their community token. The whole technical information about the Launch Kit can be seen in GitHub.
0x Releases Launch Kit to Create Marketplaces
0x informs that the repository contains an open-source and free to use 0x player that allows developers to start their own project. Developers can launch a market for a community token, create an in-game marketplace and enable trading of ERC-20 and ERC-721 assets.
The 0x Launch Kit is available in two different coding languages Typescript and Javascript. They also mention that they do not use Type0R;’s decorators because they do not ‘transpile nicely into readable Javascript.’
The company informed about it:
“The Launch Kit makes it easy to get started. Just fork the repo, run, and start making or taking orders via the Standard Relayer API. You can use this core exercise as-is or write your own UI that communicates with the Launch Kit to post or serve order book information.”
In general, user experience in the cryptocurrency and blockchain world is an issue that must be enhanced. There are several projects that lack proper user-interface and tend to be very unfriendly with beginner users or newcomers. This is quite interesting because there are individuals without the technical background that could be using this solution.
Teams that are trying to create new ERC-20 tokens for games, collectibles or another sort of tokens, can use Launch Kit and deploy a marketplace for users to interact with.
0x is an open protocol that was designed specifically as a decentralized exchange. Using Ethereum’s smart contracts, it allows users from all over the world to run decentralized exchanges. Launch Kit shows that the company aims at facilitating marketplaces to other projects and companies.
A few months ago, the popular virtual currency platform Coinbase, announced support for 0x and its cryptocurrency. After listing major currencies, this was the first ERC-20 cryptocurrency added to the platform. In the future, Coinbase might add new coins to its network.
ZRX is the 26th largest virtual currency with a market capitalization of $288 million dollars. Each 0x coin can be purchased for $0.529 dollars.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.
