The bZx project is a decentralised protocol that allows lending and borrowing of trading margin. It's built on Ethereum and integrated with the 0X protocol.

0X protocol is an open, permission-less protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain through Relayers, which provide users advantages in centralised exchanges (responsive & liquid) without losing control of their private keys (Wallet-to-Wallet Trading).

This innovation is mostly driven by two factors, 0x and Relayers. 0x focuses on delivering the infrastructures (smart contract + API + governance), while various relayers focus on connecting users through a shared liquidity pool, who have to comply with regulations among different regions.

bZx claim to be the first fully decentralised, peer-to-peer margin funding and trading protocol, it's particularly not an exchange but a protocol that can be integrated to current exchange.

THE PROBLEM AND SOLUTION

bZx has identified a counterparty risk in margin lending and margin trading on centralized exchanges, according to it white and light paper this is a problem and a risk because it exposes individuals who want to engage in margin trading or lending to the risk of losing control over their assets.

For instance, if you want to margin lend or trade on centralized exchanges you will have to send your Eth/tokens into these exchanges. Now, this is a problem in the case of a hack you can lose your assets because you don't own the private key to the wallets on the centralised exchange thus you are not in control of your assets.

To resolve this bZx is introducing a protocol that allows individuals to directly margin trade or lend their assets from their wallets (You don't need to send your assets out of your wallet), in this case, you own private key to your wallet and you are in control of your assets.

bZx Is also using a smart contract that protects lenders from adverse movements, this smart contract stays aware of the asset price on the open market and consistently force-liquidate borrowers on the market to protect lenders from adverse movements.

IT COMPONENTS

It has a js.Library which contains of all functions that can interact with bZx smart contract on-chain, software developers can use this Library to integrate and develop for the bZx protocol, relayers and exchange can also use this library to build an interface for margin lending and trading on bZx.

bZx Portal: Is a web-based Dapp that severs as a front end for individuals who wants to interact with the protocol for maring trading and lending.

bZx Smart contracts: It's a series of smart contracts that facilitates on-chain margin lending, open monitoring and liquidation of ERC20 tokens trades.

THE TOKEN

The BZX token functions for the bZx protocol it coordinates networks of rational economic agents around a protocol.
It will also be used for the payment of fees on the platform.

TOKEN DISTRIBUTION

Symbol: BZX
Quantity: 1,000,000,000

Crowdsale/Presale: 500,000,000

WEBSITE: https://b0x.network/
WHITE PAPER: https://b0x.network/pdfs/bZx_white_paper.pdf