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FXDX (FXDX)

Published: Oct 02, 2023

FXDX is a decentralized exchange that offers a powerful trading experience on perpetual futures and swaps with zero price impact, zero spread, and zero trading fees.

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Overview

Project industry	Exchanges & Wallets
Product type	Platform
Founded	India
Whitepaper	Open

What is FXDX

The idea for FXDX originated as a solution to current problems with centralized exchanges and decentralized exchanges. These include CEX problems such as custodianship trust, security breaches, withdrawal limits and low transparency; and DEX problems such as no cross-chain swaps, inadequate tool supports and slippages. FXDX provides solution to all these problems as we have low transaction fees, non-custodial platform, opportunity to maximize gains by leverage of up to 30x to 50x, 100% on-chain with plans to implement cross-chain capabilities via Router Protocol enabling interoperability, lighting fast transaction that settles in matter of seconds, minimum liquidations, institutional grade tools with advanced trading tools and support for a professional client base.

FXDX has key features such as hybrid liquidity mechanism (orderbooks and vAMM pool), unique listing like NFT derivatives, gas derivatives, hash-rate derivatives, multiple derivatives market such as tokens, stocks, bonds, carbon credits, real estate or any asset with a price feed, ability to predict defi market and proper positioning, speed & high scalability, and simple UI & UX.

Details

Token supply: 1,000,000,000 FXDX
Total tokens for sale: 200,000,000 FXDX

Legal

Blockchain Platform: Ethereum
Registration country: Virgin Islands (British)
Registration year: 2021

Token info

Ticker: FXDX
Type: Utility-token
Token standard: ERC-20
Token distribution:
20% - Token Sale
20% - Team & Advisors
25% - Community
2,5% - Liquidity
30% - Treasury/DAO
2,5% - Staking

FXDX Roadmap

Q2 2023

Fee Model Improvement: Introduction of 0-trading fee model and socialized profit model to improve protocol health in adverse market conditions.
Audit: Third-party audit to reduce potential issues in the smart contract.
Testnet: Launched on Optimism Testnet to improve new features and fix bugs.
Mainnet: Launched on Optimism Mainnet

Q3 2023

Base Launch: Launched on BASE, L2 chain incubated by Coinbase.
Liquidity Referral : Created the first and only referral system reward Liquidity Providers to Refer other Liquidity Providers.
Share PnL Feature: Allow Traders to share their position's current PnL.
Start building a functional prototype of the project.
Ambassador Program: Launched Incentivised Program to reward Community for being active and loyal users.
Multi-chain Expansion: Deployment on Arbitrum to scale the platform.
Launch of FXDX governance token: Finish Public Sale Raise and go live with FXDX, our governance token.
Dashboards: Build Trading Leaderboard, Airdrop Dashboard and Social Leaderboard for community.

Q4 2023

FXDX v2: Improving the existing LP model to support unlimited listing with limited assets under composition.

Support listings such as Crypto, FX, Stocks, Commodities, Bonds, NFT Floor Price, Hashrates, etc.
Powerful and Scalable Oracle Design to deliver best-in-class trading experience and act as reliable source of price discovery.
Support non-listed collateralization (Accept Collaterals not listed in the pool)
Support Advanced Orders with Lookback orders
Support Perpetual Futures and Swap in same Pool.
API Trading directly at smart contract level.
Implementation of orderbook as alternate source of liquidity.
Improvise Order Execution & Funding Mechanism by introducing +ve/-ve Funding Rates & Conservative Pricing Mechanism

Bug Bounty Program: Launch of Bug Bounty Program at ImmuneFi.
Marketing Campaigns: Continue Marketing with KOLs and community with incentives and goals to capture users from other protocols and ecosystem.
Support Perpetual Futures and Swap in same Pool.
Governance Portal: Launch of Governance Portal for voting on important decisions.
Perp DEX as Service: Allow others to leverage FXDX technology to launch their own trading terminal or DEX with revenue sharing.