DDEX EXCHANGE TO FORK 0X (ZRX) And Create New Token

[PRIBO247]

DDEX , the largest exchange currently using 0x as its base
currency, has announced plans to fork the protocol, remove the
native ZRX token from its platform and to create a new token to
be called Hydro in its place.

Why we are forking 0x https://t.co/
MrC23EVyEQ
— Tian Li (@tstyle11) December 14,
2018

According to DDEX CEO Tian Li, the new token was chosen to
reflect the improved fluidity it will bring to users as it containes
an “engine capable of true matching, robust market orders, and a
fundamentally different liquidity sharing model.”
Ethereum Eco-system Project

0x is an Ethereum-based blockchain project providing a service
for decentralised exchanges who in turn can build a ‘relayer’ on
top of the 0x protocol allowing the creation of non-custodial
exchanges and peer-to-peer trading.

Two months ago the 0x project reached a wider audience when
its ZRX token was listed as one of the assets available for
purchase on Coinbase and CoinbasePro. While other exchanges
such as Radar Relay and Paradex use 0x, DDEX handles around
half of all daily trading volume of the protocol.

Tian Li claims that he remains a supporter of the 0x team and
was “thrilled to see 0x tackle such a wide range of important
issues” but felt that their “perspective of what’s most urgent
diverged.”

The CEO went on to explain that DDEX needed a cure for “order
collision, front-running and poor liquidity,” with the latter likely
qualifying as the most crucial element.
However, he recognises the risks involved with forking and
should Hydro fail to deliver then “DDEX will be outclassed and
quickly become irrelevant – we either make something people
want, or we die. And that’s the way it should be.”

source: https://icoexaminer.com/ico-news/