- In June, 0x team held a first internal hackathon
- 0x Launch Kit allowing anyone to create a 0x-based exchange was updated
- MARKET protocol-based MPX exchange was launched as well
According to the latest report published in 0x blog on July 4, 2019, the 0x team themselves and its ecosystem projects have had a busy month. Most of the developments are related to software improvements of 0x exchanges, however, they are not limited to them.
The First-ever 0x Hackathon
Although internal, the hackathon held by 0x in June still was the first for the project. The project strongly believes that such hackathons can benefit 0x, with the team members experimenting and exploring new ideas in an open environment.
During the hackathon, several software pieces were developed. The most interesting ones include the 0x order book visualizer and something called Clippy – a 0x extension contract. The full hackathon results can be found here.
0x Launch Kit Updated
June also saw the introduction of the 2nd version of 0x Launch Kit. Thanks to the changes made to this toolkit’s frontend templates, it allows businesses or developers to create and launch a marketplace in extremely short amounts of time.
MARKET Protocol and MPX exchange
Another important development in the 0x ecosystem that happened in June was the launch of MPX exchange – the first one utilizing MARKET protocol. It is aimed at allowing traders, hedgers, and investors to profit from cryptocurrency market volatility.
Bass Bauman, Head of Business Strategy at MARKET Protocol, explained:
“MARKET Protocol enables users to mint tokenized derivative assets. For example, tokenized positions in Apple shares, YEN, or even leveraged relationships like 2x short Bitcoin. Smart contracts enforce the token rules so there is no counter-party risk, and tokens are ERC-20s so they can trade on any crypto exchange.”
The first contract on MPX exchange is BTC/DAI. There are two tokens:
- Short BTC/DAI (sBTC): those who bought it profit when Bitcoin’s price plunges
- Long BTC/DAI (LBTC): traders who bought it profit when Bitcoin’s price grows
More tokens will be added in the future.