The 22nd essay project is sponsored by @dappOS_com . dappOS has launched the intentEX use case based on its intent network, providing users with CEX-level on-chain trading experiences: intentEX can also capture institutional-level liquidity through dappOS network nodes based on the internal order book; intentEX settles on the opBNB chain, allowing users to trade at higher speeds and lower fees.
Detailed reference:
How to participate in the essay activity:
Step 1: You must use the tags #dappOS推出基于其意图网络的现货交易 and #BinanceWeb3Wallet to participate in the dappOS essay contest, post original content on the square, and share your unique insights and analysis on the topic!
Step 2: You are encouraged to share your square posts on social media platform X (Twitter), and @dappOS_com, adding tags #dappOS推出基于其意图网络的现货交易 #BinanceWeb3Wallet , encouraging your fans to comment, like, or share your posts to enhance interaction.
Event rules:
After the event ends, the top 50 high-quality contents with at least 300 characters will be selected from the posts under this topic and share a $20,000 prize based on views.
Views > 2000, reward 240U, quota 25 entries.
Views > 8000, reward 400U, quota 15 entries.
Views > 15000, reward 800U, quota 10 entries.
All content must be published before December 30, 2024, 12:00 (UTC+8) to be eligible for rewards.
Creative inspirations related to the event:
The core of the dappOS intent layer consists of three parts: operation, assets, and trading. Previously, dappOS launched intentOS and intent asset, which realized operational intent and asset intent respectively. dappOS now introduces the intent-based spot trading feature IntentEX, further assisting users in achieving trading intent and improving the dappOS intent layer ecosystem.
Currently, traditional on-chain exchanges face issues of insufficient liquidity, slow transaction speeds, and high fees. Users often cannot enjoy the full market liquidity on a single platform, leading to inefficient trading and often high trading costs.
The core design innovation of intentEX is to additionally delegate users' limit orders as an intent task to be executed by professional service nodes in the dappOS intent execution network, based on traditional order book exchanges, and allows service nodes to complete final settlement on the opBNB chain. This design not only allows users to trade assets across any chain seamlessly within intentEX but also fully leverages the high speed and low fees of opBNB, enabling users to trade faster and cheaper, enjoying a good trading experience. Furthermore, these service nodes can help users capture institutional-level liquidity based on the internal order book through dappOS network nodes.
Compared to traditional on-chain exchanges, IntentEX has the following advantages:
Market-wide liquidity: Through dappOS's professional service nodes, users can capture institutional-level liquidity and quickly match optimal prices.
Fast execution: Settling on opBNB makes the basic execution speed of transactions very fast. Additionally, dappOS's OMS mechanism allows transaction confirmation speed to sometimes exceed public chain block speeds, letting users enjoy a near CEX trading experience.
Low fees: Settling on the fast and low-fee opBNB, the trading fee is only 0.1%, lower than most on-chain exchanges.
Decentralization and transparency: All transactions are publicly recorded on-chain to ensure the security and transparency of transactions.
intentEX is a new use case of the dappOS intent execution network that not only enhances user trading experiences but also promotes technological innovation in decentralized exchanges. It is a further improvement of the dappOS Web3 intent layer ecosystem, helping the entire crypto ecosystem develop towards a smarter, more efficient, and decentralized direction. At the same time, using opBNB for settlement also marks dappOS's full integration into the BNB Chain ecosystem.
Please read the rules and terms carefully:
Only content related to #dappOS launches intent-based spot trading and #BinanceWeb3Wallet published during the event period (including posts and articles) will qualify as eligible content.
Only content that is completely relevant to the project's essay requirements will be selected. Any misuse of hashtags, misleading or clickbait titles and introductions, or unrelated other currencies will result in disqualification from the event.
Only original new content qualifies. Works submitted before the event do not qualify.
Please do not carry Q&A red envelopes and other auxiliary functions.
You can post multiple different high-quality contents to increase your chances of winning.
Users must publish ≥ 1 piece of content within 30 days before the announcement to be eligible to participate.
We will distribute rewards to your account within 20 working days, and users can check their rewards in 'Funds' > 'Funds Account'.
All eligible users will receive award notification messages from the Square Secretary in the Creator Center.
Binance reserves the right to cancel the eligibility of accounts that violate the Binance Square community guidelines or terms and conditions.
Binance reserves the right to unilaterally decide and/or modify or change these terms and conditions at any time without prior notice, including but not limited to canceling, extending, terminating, or suspending this event, eligibility terms and standards, selection of winners and number of winners, as well as the timing of any actions, and all participants shall be bound by these amendments. Binance reserves the final interpretation of this event.
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