What is bZx Protocol?
bZx is claimed to be one of the most power open DeFi i.e. Decentralized Finance Protocol. basically, bZx Protocol is nothing but DeFi Lending platform that built on Ethereum Blockchain. Platform aim to build different applications that empower lender, borrowers and traders by maintaining flexibility. Fulcrum (lending and trading platform) and Torque (loan solution with fixed interest rates) are most recent project built by using bZx Protocol.
bZx highly focusing on Decentralized Margin trading and lending, as it has more profitable benefit than centralized exchange. the idea of bringing decentralized finance it gives full control to user, where hacking and stealing of user funds eliminated. User along with HODL their investment can earn passive income through interest rates. Lower fees on margin trading on the platform that is nearly equal to the zero. In order to main value and leveraged position this platform claimed to use Tokenized principle with iTokens and pTokens i.e. known as financial primitives.
bZx launched main network in 2018 and it was originally project known as b0x and later in July 2019 it rebranded with current name. Project brand change was planned because of similar name project and protocol also available in the blockchain market.
bZx Protocol Price Prediction
|Month & Year||BZRX Price Prediction|
bZx Protocol Overview
|Based on||DeFi Protocol|
|All-time high||$1.34 USD|
|Exchange Platform||Binance, Uniswap, MXC, Balancer, 1inch Exchange, Biki, Poloniex, Gate.io, Hotbit, IDEX.|
|Wallet||DexWallet, MyEtherWallet, Ledger, Metamask|
BZRX ICO Overview
|Raised by||$7,930,000 USD|
|Date of ICO||21 December 2018|
|ICO Price||$0.073 USD|
|Partners||Chainlink, Maker, Zeus Protocol, Kyber Network, Signal Ventures, ETHLend, ETHERISC, Augur, Bamboo, WhaleLEND,|
bZx Protocol Price Analysis
following success of DeFi project like compound, balancer, serum and other new entry bZx in DeFi creating headline with consistent upward trend. BZRX is native token work as governance token on bZx protocol ecosystem. it originally created in 2018 as medium of transaction on the platform but in 2020 it relaunched as ERC20 token. BZRX enable rewards distribution for active stakers and also interest provided by users. in July 2020 BZRX was listed on CMC with average price of $0.14 USD and following bullish trend as of now it currently trading at price $1.36 USD. Project already reaches in top 100 position and manages to cross 600% all time ROI.
Will BZRX hit $10 USD?
Yes, probably beginning on 2022.
How Much BZRX Worth in 2030?
Probably worth more than $30 USD
Is bZx Protocol a Good Investment?
Yes, as of now it is best time to invest in this project.
DeFi lending and trading along with blockchain based loans with fixed interest rate current most trending thing in blockchain market. In recent release of DeFi protocols and projects experience huge growth in their market cap volume and their native token price continue price surge. The bZx lived up hype and being under development and experience team they have launched associated with some of successful project. bZx Protocol currently integrated with more than 20 project and also established partnership with DeFi Giant like chainlink. bZx era already begin and successfully followed their roadmap as per planned.