What is RabbitX? RabbitX is a Perpetual project built on the StarkNet ecosystem. In the current PerpDEX race with the names GMX, dYdx, GNS, … will RabbitX be able to develop and compete? Let’s Weakhand learn about RabbitX here.
Read more articles below to understand more about RabbitX:
- What is GMX (GMX)? Overview of GMX Cryptocurrency
- What is Rage Trade? Rage Trade Cryptocurrency Overview
- What is Vela Exchange (VELA)? Vela Exchange Cryptocurrency Overview
- What is Vertex (VRTX)? Overview of Vertex Protocol Cryptocurrency
- What is ZKX Protocol (ZKX)? Overview of ZKX cryptocurrency
What is RabbitX?
RabbitX is a decentralized perpetual futures and derivatives exchange built on StarkNet using ZK-STARK technology, allowing users to trade perpetual contracts in many different markets simultaneously. Seamless, fast, highly secure and zero gas fees, along with a decentralized Oderbook trading experience that makes it easy to swap assets right on the platform.
RabbitX’s direction is quite similar to ZKX Protocol and dYdX, and RabbitX also aims to be decentralized, not dependent on third parties.
Some highlights of RabbitX
RabbitX publishes too much information related to the product, some of the information provided includes:
- Intuitive user interface (Orderbook).
- Supports multiple asset types ((FX, Commodities, Interest Rates).
- Use leverage up to 20x.
- Transaction fees are zero.
- Instant speed for a smooth user experience.
- Latency in milliseconds.
- High security.
Development Roadmap
Currently, the project is in the process of testing its product net. The project provides a development roadmap, specifically:
About technology
- Phase 1: real-time archival evidence.
- Phase 2: Decentralized sequencer; Decentralized zk-rollup order book.
- Stage 3: Spot trading; Perpetuals trading.
About the product
- State 1: Mainnet launch.
- Phase 2: Staking; Trading rewards; Provide bProof of ability to pay; Trade global markets (FX, commodities, interest rates).
- Stage 3: Options trading; Collateral.
Core Team
Currently there is not much information about the founder and development team of RabbitX.
Cheng Zhu – Core Builder
- He earned a Bachelor of Science in Economics, majoring in Communication Studies, Northwestern University (2009 – 2013); In 2021, he graduated with a Master’s degree in Computer Science and Information, University of Pennsylvania.
- Along with that, he participated in many courses and received certificates: Financial engineering and risk management (2017); Machine Learning Course (2017); Algorithmic Tools Course (2019); Number Theory and Cryptography Course (2019); Data Structures Course (2019); Machine Learning Engineering Nanodegree (2020),…
- In 2011, he was a Research Assistant at the Kellogg School of Management; Internship at the People’s Bank of China; intern at Greater Chicago.
- In 2012, he was a Trading Analyst in Tokyo, Japan;
- From 2013 – 2020, he worked at BlackRock as an equity trading analyst; Hybrid Trader in Hong Kong market; Deputy Corporation in Singapore.
- From March 2020 – July 2021, Investment portfolio manager in Singapore.
- September 2021 participated in building the decentralized exchange Strips.Finance.
- From August 2022 to present, participating in building the RabbitX decentralized exchange
Investor
Updating…
Backed
RabbitX is supported by many famous names: Multicoin Capital, Crypyo.com, Defiance Capital,…
Tokenomics
Updating
RabbitX Project Information Channel
- Website: https://landing.rabbitx.io/
- Twitter: https://twitter.com/rabbitx_io
- Discord:
Summary
RabbitX is a Perpetual decentralized exchange built on StackNet’s ecosystem. Hopefully RabbitX will soon launch the best products to receive cash flow and users at this time.