# What does the 0x project do?



By [john jax](https://paragraph.com/@john-jax) · 2021-11-28

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0x is a protocol that facilitates the exchange of ERC20 tokens. Anyone or company can utilize 0x in the backend to operate a decentralized exchange.

0x protocol enables transactions of ERC20 tokens between users in a secure, trustless, feeless, and quick manner through the use of Ethereum smart contracts. Ultimately, every assets, including fiat, commodities, stocks, can potentially be represented as a token. 0x’s goal is to allow any Ethereum tokens to be traded efficiently.

0x is the most undervalued token

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*Originally published on [john jax](https://paragraph.com/@john-jax/what-does-the-0x-project-do)*