diff options
Diffstat (limited to 'packages/website/ts/pages/faq/faq.tsx')
| -rw-r--r-- | packages/website/ts/pages/faq/faq.tsx | 374 |
1 files changed, 163 insertions, 211 deletions
diff --git a/packages/website/ts/pages/faq/faq.tsx b/packages/website/ts/pages/faq/faq.tsx index c5afcb79f..b4b5214a2 100644 --- a/packages/website/ts/pages/faq/faq.tsx +++ b/packages/website/ts/pages/faq/faq.tsx @@ -1,13 +1,13 @@ import * as _ from 'lodash'; import * as React from 'react'; import * as DocumentTitle from 'react-document-title'; -import {Footer} from 'ts/components/footer'; -import {TopBar} from 'ts/components/top_bar'; -import {Question} from 'ts/pages/faq/question'; -import {FAQQuestion, FAQSection, Styles, WebsitePaths} from 'ts/types'; -import {colors} from 'ts/utils/colors'; -import {configs} from 'ts/utils/configs'; -import {constants} from 'ts/utils/constants'; +import { Footer } from 'ts/components/footer'; +import { TopBar } from 'ts/components/top_bar'; +import { Question } from 'ts/pages/faq/question'; +import { FAQQuestion, FAQSection, Styles, WebsitePaths } from 'ts/types'; +import { colors } from 'ts/utils/colors'; +import { configs } from 'ts/utils/configs'; +import { constants } from 'ts/utils/constants'; export interface FAQProps { source: string; @@ -30,14 +30,19 @@ const sections: FAQSection[] = [ prompt: 'What is 0x?', answer: ( <div> - At its core, 0x is an open and non-rent seeking protocol that facilitates trustless, - low friction exchange of Ethereum-based assets. Developers can use 0x as a platform - to build exchange applications on top of{' '} - (<a href={`${configs.BASE_URL}${WebsitePaths.ZeroExJs}#introduction`} target="blank">0x.js</a> - {' '}is a Javascript library for interacting with the 0x protocol). For end users, 0x will be - the infrastructure of a wide variety of user-facing applications i.e.{' '} - <a href={`${configs.BASE_URL}${WebsitePaths.Portal}`} target="blank">0x Portal</a>, - a decentralized application that facilitates trustless trading of Ethereum-based tokens + At its core, 0x is an open and non-rent seeking protocol that facilitates trustless, low + friction exchange of Ethereum-based assets. Developers can use 0x as a platform to build + exchange applications on top of (<a + href={`${configs.BASE_URL}${WebsitePaths.ZeroExJs}#introduction`} + target="blank" + > + 0x.js + </a>{' '} + is a Javascript library for interacting with the 0x protocol). For end users, 0x will be the + infrastructure of a wide variety of user-facing applications i.e.{' '} + <a href={`${configs.BASE_URL}${WebsitePaths.Portal}`} target="blank"> + 0x Portal + </a>, a decentralized application that facilitates trustless trading of Ethereum-based tokens between known counterparties. </div> ), @@ -47,15 +52,14 @@ const sections: FAQSection[] = [ answer: ( <div> In the two years since the Ethereum blockchain’s genesis block, numerous decentralized - applications (dApps) have created Ethereum smart contracts for peer-to-peer exchange. - Rapid iteration and a lack of best practices have left the blockchain scattered with - proprietary and application-specific implementations. As a result, end users are - exposed to numerous smart contracts of varying quality and security, with unique - configuration processes and learning curves, all of which implement the same - functionality. This approach imposes unnecessary costs on the network by fragmenting - end users according to the particular dApp each user happens to be using, eliminating - valuable network effects around liquidity. 0x is the solution to this problem by - acting as modular, unopinionated building blocks that may be assembled and reconfigured. + applications (dApps) have created Ethereum smart contracts for peer-to-peer exchange. Rapid + iteration and a lack of best practices have left the blockchain scattered with proprietary and + application-specific implementations. As a result, end users are exposed to numerous smart + contracts of varying quality and security, with unique configuration processes and learning + curves, all of which implement the same functionality. This approach imposes unnecessary costs + on the network by fragmenting end users according to the particular dApp each user happens to be + using, eliminating valuable network effects around liquidity. 0x is the solution to this problem + by acting as modular, unopinionated building blocks that may be assembled and reconfigured. </div> ), }, @@ -64,20 +68,18 @@ const sections: FAQSection[] = [ answer: ( <div> <ul> + <li>0x is a protocol for exchange, not a user-facing exchange application.</li> <li> - 0x is a protocol for exchange, not a user-facing exchange application. - </li> - <li> - 0x is decentralized and trustless; there is no central party which can be - hacked, run away with customer funds or be subjected to government regulations. - Hacks of Mt. Gox, Shapeshift and Bitfinex have demonstrated that these types of - systemic risks are palpable. + 0x is decentralized and trustless; there is no central party which can be hacked, run + away with customer funds or be subjected to government regulations. Hacks of Mt. Gox, + Shapeshift and Bitfinex have demonstrated that these types of systemic risks are + palpable. </li> <li> - Rather than a proprietary system that exists to extract rent for its owners, - 0x is public infrastructure that is funded by a globally distributed community - of stakeholders. While the protocol is free to use, it enables for-profit - user-facing exchange applications to be built on top of the protocol. + Rather than a proprietary system that exists to extract rent for its owners, 0x is + public infrastructure that is funded by a globally distributed community of + stakeholders. While the protocol is free to use, it enables for-profit user-facing + exchange applications to be built on top of the protocol. </li> </ul> </div> @@ -87,13 +89,12 @@ const sections: FAQSection[] = [ prompt: 'If 0x protocol is free to use, where do transaction fees come in?', answer: ( <div> - 0x protocol uses off-chain order books to massively reduce friction costs for - market makers and ensure that the blockchain is only used for trade settlement. - Hosting and maintaining an off-chain order book is a service; to incent “Relayers” - to provide this service they must be able to charge transaction fees on trading - activity. Relayers are free to set their transaction fees to any value they desire. - We expect Relayers to be highly competitive and transaction fees to approach an - efficient economic equilibrium over time. + 0x protocol uses off-chain order books to massively reduce friction costs for market makers and + ensure that the blockchain is only used for trade settlement. Hosting and maintaining an + off-chain order book is a service; to incent “Relayers” to provide this service they must be + able to charge transaction fees on trading activity. Relayers are free to set their transaction + fees to any value they desire. We expect Relayers to be highly competitive and transaction fees + to approach an efficient economic equilibrium over time. </div> ), }, @@ -102,25 +103,23 @@ const sections: FAQSection[] = [ answer: ( <div> <div> - Participants in a state channel pass cryptographically signed messages back and - forth, accumulating intermediate state changes without publishing them to the - canonical chain until the channel is closed. State channels are ideal for “bar tab” - applications where numerous intermediate state changes may be accumulated off-chain - before being settled by a final on-chain transaction (i.e. day trading, poker, - turn-based games). + Participants in a state channel pass cryptographically signed messages back and forth, + accumulating intermediate state changes without publishing them to the canonical chain until + the channel is closed. State channels are ideal for “bar tab” applications where numerous + intermediate state changes may be accumulated off-chain before being settled by a final + on-chain transaction (i.e. day trading, poker, turn-based games). </div> <ul> <li> - While state channels drastically reduce the number of on-chain transactions - for specific use cases, numerous on-chain transactions and a security deposit - are required to open and safely close a state channel making them less efficient - than 0x for executing one-time trades. + While state channels drastically reduce the number of on-chain transactions for specific + use cases, numerous on-chain transactions and a security deposit are required to open + and safely close a state channel making them less efficient than 0x for executing + one-time trades. </li> <li> - State channels are isolated from the Ethereum blockchain meaning that - they cannot interact with smart contracts. 0x is designed to be integrated - directly into smart contracts so trades can be executed programmatically - in a single line of Solidity code. + State channels are isolated from the Ethereum blockchain meaning that they cannot + interact with smart contracts. 0x is designed to be integrated directly into smart + contracts so trades can be executed programmatically in a single line of Solidity code. </li> </ul> </div> @@ -130,16 +129,20 @@ const sections: FAQSection[] = [ prompt: 'What types of digital assets are supported by 0x?', answer: ( <div> - 0x supports all Ethereum-based assets that adhere to the ERC20 token standard. - There are many ERC20 tokens, worth a combined $2.2B, and more tokens are created - each month. We believe that, by 2020, thousands of assets will be tokenized and - moved onto the Ethereum blockchain including traditional securities such as equities, - bonds and derivatives, fiat currencies and scarce digital goods such as video game - items. In the future, cross-blockchain solutions such as{' '} - <a href="https://cosmos.network/" target="_blank">Cosmos</a> and{' '} - <a href="http://polkadot.io/" target="_blank">Polkadot</a> will allow cryptocurrencies - to freely move between blockchains and, naturally, currencies such as Bitcoin will - end up being represented as ERC20 tokens on the Ethereum blockchain. + 0x supports all Ethereum-based assets that adhere to the ERC20 token standard. There are many + ERC20 tokens, worth a combined $2.2B, and more tokens are created each month. We believe that, + by 2020, thousands of assets will be tokenized and moved onto the Ethereum blockchain including + traditional securities such as equities, bonds and derivatives, fiat currencies and scarce + digital goods such as video game items. In the future, cross-blockchain solutions such as{' '} + <a href="https://cosmos.network/" target="_blank"> + Cosmos + </a>{' '} + and{' '} + <a href="http://polkadot.io/" target="_blank"> + Polkadot + </a>{' '} + will allow cryptocurrencies to freely move between blockchains and, naturally, currencies such + as Bitcoin will end up being represented as ERC20 tokens on the Ethereum blockchain. </div> ), }, @@ -147,23 +150,19 @@ const sections: FAQSection[] = [ prompt: '0x is open source: what prevents someone from forking the protocol?', answer: ( <div> - Ethereum and Bitcoin are both open source protocols. Each protocol has been forked, - but the resulting clone networks have seen little adoption (as measured by transaction - count or market cap). This is because users have little to no incentive to switch - over to a clone network if the original has initial network effects and a talented - developer team behind it. - An exception is in the case that a protocol includes a controversial feature such as - a method of rent extraction or a monetary policy that favors one group of users over - another (Zcash developer subsidy - for better or worse - resulted in Zclassic). - Perceived inequality can provide a strong enough incentive that users will fork the - original protocol’s codebase and spin up a new network that eliminates the controversial - feature. In the case of 0x, there is no rent extraction and no users are given - special permissions. - - 0x protocol is upgradable. Cutting-edge technical capabilities can be integrated - into 0x via decentralized governance (see section below), eliminating incentives - to fork off of the original protocol and sacrifice the network effects surrounding - liquidity that result from the shared protocol and settlement layer. + Ethereum and Bitcoin are both open source protocols. Each protocol has been forked, but the + resulting clone networks have seen little adoption (as measured by transaction count or market + cap). This is because users have little to no incentive to switch over to a clone network if the + original has initial network effects and a talented developer team behind it. An exception is in + the case that a protocol includes a controversial feature such as a method of rent extraction or + a monetary policy that favors one group of users over another (Zcash developer subsidy - for + better or worse - resulted in Zclassic). Perceived inequality can provide a strong enough + incentive that users will fork the original protocol’s codebase and spin up a new network that + eliminates the controversial feature. In the case of 0x, there is no rent extraction and no + users are given special permissions. 0x protocol is upgradable. Cutting-edge technical + capabilities can be integrated into 0x via decentralized governance (see section below), + eliminating incentives to fork off of the original protocol and sacrifice the network effects + surrounding liquidity that result from the shared protocol and settlement layer. </div> ), }, @@ -180,26 +179,25 @@ const sections: FAQSection[] = [ 0x protocol token (ZRX) is utilized in two ways: 1) to solve the{' '} <a href="https://en.wikipedia.org/wiki/Coordination_game" target="_blank"> coordination problem - </a> and drive network effects around liquidity, creating a feedback loop - where early adopters of the protocol benefit from wider adoption and 2) to - be used for decentralized governance over 0x protocol's update mechanism. - In more detail: + </a>{' '} + and drive network effects around liquidity, creating a feedback loop where early adopters of + the protocol benefit from wider adoption and 2) to be used for decentralized governance over + 0x protocol's update mechanism. In more detail: </div> <ul> <li> - ZRX tokens are used by Makers and Takers (market participants that generate - and consume orders, respectively) to pay transaction fees to Relayers - (entities that host and maintain public order books). + ZRX tokens are used by Makers and Takers (market participants that generate and consume + orders, respectively) to pay transaction fees to Relayers (entities that host and + maintain public order books). </li> <li> - ZRX tokens are used for decentralized governance over 0x protocol’s update - mechanism which allows its underlying smart contracts to be replaced and - improved over time. An update mechanism is needed because 0x is built upon - Ethereum’s rapidly evolving technology stack, decentralized governance is - needed because 0x protocol’s smart contracts will have access to user funds - and numerous dApps will need to plug into 0x smart contracts. Decentralized - governance ensures that this update process is secure and minimizes disruption - to the network. + ZRX tokens are used for decentralized governance over 0x protocol’s update mechanism + which allows its underlying smart contracts to be replaced and improved over time. An + update mechanism is needed because 0x is built upon Ethereum’s rapidly evolving + technology stack, decentralized governance is needed because 0x protocol’s smart + contracts will have access to user funds and numerous dApps will need to plug into 0x + smart contracts. Decentralized governance ensures that this update process is secure and + minimizes disruption to the network. </li> </ul> </div> @@ -209,9 +207,9 @@ const sections: FAQSection[] = [ prompt: 'Why must transaction fees be denominated in 0x token (ZRX) rather than ETH?', answer: ( <div> - 0x protocol’s decentralized update mechanism is analogous to proof-of-stake. - To maximize the alignment of stakeholder and end user incentives, the staked - asset must provide utility within the protocol. + 0x protocol’s decentralized update mechanism is analogous to proof-of-stake. To maximize the + alignment of stakeholder and end user incentives, the staked asset must provide utility within + the protocol. </div> ), }, @@ -219,10 +217,10 @@ const sections: FAQSection[] = [ prompt: 'How will decentralized governance work?', answer: ( <div> - Decentralized governance is an ongoing focus of research; it will involve token - voting with ZRX. Ultimately the solution will maximize security while also maximizing - the protocol’s ability to absorb new innovations. Until the governance structure is - formalized and encoded within 0x DAO, a multi-sig will be used as a placeholder. + Decentralized governance is an ongoing focus of research; it will involve token voting with ZRX. + Ultimately the solution will maximize security while also maximizing the protocol’s ability to + absorb new innovations. Until the governance structure is formalized and encoded within 0x DAO, + a multi-sig will be used as a placeholder. </div> ), }, @@ -233,27 +231,19 @@ const sections: FAQSection[] = [ questions: [ { prompt: 'What is the total supply of ZRX tokens?', - answer: ( - <div> - 1,000,000,000 ZRX. Fixed supply. - </div> - ), + answer: <div>1,000,000,000 ZRX. Fixed supply.</div>, }, { prompt: 'When is the Token Launch? will there be a pre-sale?', - answer: ( - <div> - The token launch will be on August 15th, 2017. There will not be a pre-sale. - </div> - ), + answer: <div>The token launch will be on August 15th, 2017. There will not be a pre-sale.</div>, }, { prompt: 'What will the token launch proceeds be used for?', answer: ( <div> - 100% of the proceeds raised in the token launch will be used to fund the development - of free and open source software, tools and infrastructure that support the protocol - and surrounding ecosystem. Check out our{' '} + 100% of the proceeds raised in the token launch will be used to fund the development of free and + open source software, tools and infrastructure that support the protocol and surrounding + ecosystem. Check out our{' '} <a href="https://docs.google.com/document/d/1_RVa-_bkU92fWRsC8eNy4vYjcTt-WC8GtqyyjbTd-oY" target="_blank" @@ -267,66 +257,50 @@ const sections: FAQSection[] = [ prompt: 'What will be the initial distribution of ZRX tokens?', answer: ( <div> - <div className="center" style={{width: '100%'}}> - <img - style={{width: 350}} - src="/images/zrx_pie_chart.png" - /> + <div className="center" style={{ width: '100%' }}> + <img style={{ width: 350 }} src="/images/zrx_pie_chart.png" /> </div> <div className="py1"> - <div className="bold pb1"> - Token Launch (50%) - </div> + <div className="bold pb1">Token Launch (50%)</div> <div> - ZRX is inherently a governance token that plays a critical role in the - process of upgrading 0x protocol. We are fully committed to formulating - a functional and theoretically sound governance model and we plan to dedicate - significant resources to R&D. + ZRX is inherently a governance token that plays a critical role in the process of + upgrading 0x protocol. We are fully committed to formulating a functional and + theoretically sound governance model and we plan to dedicate significant resources to + R&D. </div> </div> <div className="py1"> - <div className="bold pb1"> - Retained by 0x (15%) - </div> + <div className="bold pb1">Retained by 0x (15%)</div> <div> - The 0x core development team will be able to sustain itself for approximately - five years using funds raised through the token launch. If 0x protocol - proves to be as foundational a technology as we believe it to be, the - retained ZRX tokens will allow the 0x core development team to sustain - operations beyond the first 5 years. + The 0x core development team will be able to sustain itself for approximately five years + using funds raised through the token launch. If 0x protocol proves to be as foundational + a technology as we believe it to be, the retained ZRX tokens will allow the 0x core + development team to sustain operations beyond the first 5 years. </div> </div> <div className="py1"> - <div className="bold pb1"> - Developer Fund (15%) - </div> + <div className="bold pb1">Developer Fund (15%)</div> <div> - The Developer Fund will be used to make targeted capital injections - into high potential projects and teams that are attempting to grow - the 0x ecosystem, strategic partnerships, hackathon prizes and community - development activities. + The Developer Fund will be used to make targeted capital injections into high potential + projects and teams that are attempting to grow the 0x ecosystem, strategic partnerships, + hackathon prizes and community development activities. </div> </div> <div className="py1"> - <div className="bold pb1"> - Founding Team (10%) - </div> + <div className="bold pb1">Founding Team (10%)</div> <div> - The founding team’s allocation of ZRX will vest over a traditional 4 - year vesting schedule with a one year cliff. We believe this should - be standard practice for any team that is committed to making their - project a long term success. + The founding team’s allocation of ZRX will vest over a traditional 4 year vesting + schedule with a one year cliff. We believe this should be standard practice for any team + that is committed to making their project a long term success. </div> </div> <div className="py1"> - <div className="bold pb1"> - Early Backers & Advisors (10%) - </div> + <div className="bold pb1">Early Backers & Advisors (10%)</div> <div> - Our backers and advisors have provided capital, resources and guidance - that have allowed us to fill out our team, setup a robust legal entity - and build a fully functional product before launching a token. As a result, - we have a proven track record and can offer a token that holds genuine utility. + Our backers and advisors have provided capital, resources and guidance that have allowed + us to fill out our team, setup a robust legal entity and build a fully functional + product before launching a token. As a result, we have a proven track record and can + offer a token that holds genuine utility. </div> </div> </div> @@ -336,47 +310,39 @@ const sections: FAQSection[] = [ prompt: 'Can I mine ZRX tokens?', answer: ( <div> - No, the total supply of ZRX tokens is fixed and there is no continuous issuance - model. Users that facilitate trading over 0x protocol by operating a Relayer - earn transaction fees denominated in ZRX; as more trading activity is generated, - more transaction fees are earned. + No, the total supply of ZRX tokens is fixed and there is no continuous issuance model. Users + that facilitate trading over 0x protocol by operating a Relayer earn transaction fees + denominated in ZRX; as more trading activity is generated, more transaction fees are earned. </div> ), }, { prompt: 'Will there be a lockup period for ZRX tokens sold in the token launch?', - answer: ( - <div> - No, ZRX tokens sold in the token launch will immediately be liquid. - </div> - ), + answer: <div>No, ZRX tokens sold in the token launch will immediately be liquid.</div>, }, { prompt: 'Will there be a lockup period for tokens allocated to the founding team?', answer: ( <div> - Yes. ZRX tokens allocated to founders, advisors and staff members will be released - over a 4 year vesting schedule with a 25% cliff upon completion of the initial - token launch and 25% released each subsequent year in monthly installments. Staff - members hired after the token launch will have a 4 year vesting schedule with a - one year cliff. + Yes. ZRX tokens allocated to founders, advisors and staff members will be released over a 4 year + vesting schedule with a 25% cliff upon completion of the initial token launch and 25% released + each subsequent year in monthly installments. Staff members hired after the token launch will + have a 4 year vesting schedule with a one year cliff. </div> ), }, { prompt: 'Which cryptocurrencies will be accepted in the token launch?', - answer: ( - <div>ETH.</div> - ), + answer: <div>ETH.</div>, }, { prompt: 'When will 0x be live?', answer: ( <div> - An alpha version of 0x has been live on our private test network since January - 2017. Version 1.0 of 0x protocol will be deployed to the canonical Ethereum - blockchain after a round of security audits and prior to the public token launch. - 0x will be using the 0x protocol during our token launch. + An alpha version of 0x has been live on our private test network since January 2017. Version 1.0 + of 0x protocol will be deployed to the canonical Ethereum blockchain after a round of security + audits and prior to the public token launch. 0x will be using the 0x protocol during our token + launch. </div> ), }, @@ -401,19 +367,17 @@ const sections: FAQSection[] = [ questions: [ { prompt: 'Where is 0x based?', - answer: ( - <div> - 0x was founded in SF and is driven by a diverse group of contributors. - </div> - ), + answer: <div>0x was founded in SF and is driven by a diverse group of contributors.</div>, }, { prompt: 'How can I get involved?', answer: ( <div> - Join our <a href={constants.URL_ZEROEX_CHAT} target="_blank">Rocket.chat</a>! - As an open source project, 0x will rely on a worldwide community of passionate - developers to contribute proposals, ideas and code. + Join our{' '} + <a href={constants.URL_ZEROEX_CHAT} target="_blank"> + Rocket.chat + </a>! As an open source project, 0x will rely on a worldwide community of passionate developers + to contribute proposals, ideas and code. </div> ), }, @@ -421,20 +385,15 @@ const sections: FAQSection[] = [ prompt: 'Why the name 0x?', answer: ( <div> - 0x is the prefix for hexadecimal numeric constants including Ethereum addresses. - In a more abstract context, as the first open protocol for exchange 0x represents - the beginning of the end for the exchange industry’s rent seeking oligopoly: - zero exchange. + 0x is the prefix for hexadecimal numeric constants including Ethereum addresses. In a more + abstract context, as the first open protocol for exchange 0x represents the beginning of the end + for the exchange industry’s rent seeking oligopoly: zero exchange. </div> ), }, { prompt: 'How do you pronounce 0x?', - answer: ( - <div> - We pronounce 0x as “zero-ex,” but you are free to pronounce it however you please. - </div> - ), + answer: <div>We pronounce 0x as “zero-ex,” but you are free to pronounce it however you please.</div>, }, ], }, @@ -447,20 +406,13 @@ export class FAQ extends React.Component<FAQProps, FAQState> { public render() { return ( <div> - <DocumentTitle title="0x FAQ"/> - <TopBar - blockchainIsLoaded={false} - location={this.props.location} - /> - <div - id="faq" - className="mx-auto max-width-4 pt4" - style={{color: colors.grey800}} - > - <h1 className="center" style={{...styles.thin}}>0x FAQ</h1> - <div className="sm-px2 md-px2 lg-px0 pb4"> - {this._renderSections()} - </div> + <DocumentTitle title="0x FAQ" /> + <TopBar blockchainIsLoaded={false} location={this.props.location} /> + <div id="faq" className="mx-auto max-width-4 pt4" style={{ color: colors.grey800 }}> + <h1 className="center" style={{ ...styles.thin }}> + 0x FAQ + </h1> + <div className="sm-px2 md-px2 lg-px0 pb4">{this._renderSections()}</div> </div> <Footer /> </div> |