Fxdx Exchange (FXDX)

Fxdx Exchange (FXDX)

Platform

 Fxdx Exchange is a protocol that enables decentralized derivatives trading using virtual automated market maker (vAMM) technology. This significantly broadens the application space of AMMs and enables perpetual contracts

Whitepaper Website
Start:

Dec 12, 2023 00:00:00

Ended:

Dec 30, 2023 00:00:00

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ICO Details

ICO Details
View Details such as General, Token Supply & More
Fxdx Exchange (FXDX) Token Sale Details
Ticker Symbol:

FXDX

Blockchain Network:

Ethereum, Binance Smart Chain

Token Type:

ERC20, BEP-20

Category:

Platform

Tokens for Sale:

102 FXDX

Accept Payments:

ETH, USDC, USDT

Rating:

Token Metrics & Distribution
Total Supply:

1,000,000,000 FXDX

Public Sale:

200,000,000 FXDX

Team:

200,000,000 FXDX

Liquidity:

25,000,000 FXDX

Treasury:

300,000,000 FXDX

Staking:

25,000,000 FXDX

Others:

250,000,000 FXDX

Public Sale 20.00%
Team 20.00%
Liquidity 2.50%
Treasury 30.00%
Staking 2.50%
Others 25.00%
Token Sale Price
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About Fxdx Exchange (FXDX)

What is Fxdx Exchange?

 Fxdx Exchange is a protocol that enables decentralized derivatives trading using virtual automated market maker (vAMM) technology. This significantly broadens the application space of AMMs and enables perpetual contracts. It facilitates to exchange and settle derivatives without any third-party intermediaries or centralized entities that govern operations.

Fxdx Exchange Unique Features

Fxdx is a decentralized exchange (DEX) protocol, based on Ethereum and xDai for Layer 2 and has the following properties:-
  • Can support any asset with a price feed
  • Trade with zero gas fee with xDai Layer 2 scaling
  • Trade with a leverage of up to 10x
  • Trading is fully non-custodial and on-chain
  • Trustless architecture
  • Built-in Governance
  • Zero impermanent loss due to price fluctuation
  • TWAP is used to compute the funding rate at funding time (every hour)

Fxdc protocol uses the well-defined system to leverage the value of xDai scaling without configuring wallets. Users can attach their existing wallets to our platform and directly deposit USDC. Zero impermanent loss is achieved by storing the staked tokens in the smart contract vault rather than being used in a liquidity pool in the vAMM.

Roadmap

Roadmap
Roadmap

Fxdx Exchange Token Economy

Governance

The goal of network governance in fxdx is to offer on-chain governance for the key functions required to develop and sustain high-quality, well-functioning markets in a decentralized setting, rather than to replace all other kinds of governance in the Fxdx ecosystem.
fxdx governance has no access to user funds under any circumstances.
fxdx governance has control over the following major actions:
  • Governance can halt the capacity to swap assets in vAMM pool temporarily (the ability to remove liquidity is unaffected). This is intended to protect liquidity providers from potential financial harm in the event of unforeseen pool behavior.
  • Vault’s settlement can be temporarily paused by governance. This feature primarily addresses external oracle faults in which pricing data does not accurately represent market conditions.
  • Determine the Protocol Fee for collateral used to mint derivatives.
Voting by Stake Quantity
Voting by network participants based on their stake within the boundaries of the poll is the key on-chain governance mechanism in Fxdx. Stake would be quantified in terms of a participant’s holding of the network’s native crypto-asset for network governance problems such as the development of a new market or the selection of network parameters (the governance asset). Stake may be quantified by the notional value of a participant’s net position, their market-making stake, or a combination of both for market governance decisions.
If the crypto asset is assigned to the risk universe, it is considered that the load or transaction network is considered that the payment network, not the participant, so it can not be counted against the vote of the participants. However, assets owned by the Fxdx network but not assigned to the risk universe are included in the stock of the participants of the voters.

Detailed Token Metrics

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Token Distribution

Token Distribution
Token Distribution

Token Release Schedule

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Partners & Advisors

Updating…

Team Members

Team members
Team members

Investors

Investors
Investors

Exnetwork Capital, Valhalla Capital, Blockchain Founders Fund, GSR Ventures, Algorand, Polygon, Borderless Capital, Metacipher Fund, Sheesha Finance, Contango Digital Assets, Ripple, Shima Capital, Kretos Ventures, Zipmex