🚀 IntentX: The Future of On-Chain Finance 🚀
🚀 Let's dive into key features and potential of #INTX in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: IntentX is a next-generation OTC derivatives exchange, combining technological innovations to usher in the next era of on-chain finance. It bridges the gap between CEXs and DEXs by offering deep liquidity, low fees, and secure trading.
2️⃣ Technology and Features: It Provides CEX-like liquidity on-chain, ensuring efficient access to deep liquidity across multiple chains. Simplifies onboarding and login with self-custody without a seed phrase. Highly capital-efficient architecture results in a liquid trading market with low costs. Leverages the full security of the blockchain; IntentX is self-custody, permissionless, and trustless.
3️⃣ Whitepaper Analysis: It Emphasizes sustainability and active participation in its tokenomics. $INTX token, capped at 100M tokens, serves as a valuable utility token within the ecosystem. xINTX, the staked form of $INTX, rewards holders with a share of 85% of platform fees, encouraging long-term staking. Dynamic exit penalty systems reduce sell pressure and align stakeholders without mandatory token locking. Dynamic pool ratio increases the value of xINTX positions for loyal stakers over time.
4️⃣ Use Case: INTX is the utility and governance token of IntentX, INTX, tokenomics revolve around xINTX, the staked form of INTX, serving as the project’s main utility and value capture mechanism, rewarding long-term stakers.
5️⃣ Team and Leadership: IntentX secured $2.5M in seed funding, led by Magnus Capital and supported by digital asset investors such as Agnostic Fund, Prismatic Capital, and others. The team consist of Ievy (founder), Roux (CTO), Rens (CMO) and many more.
6️⃣ Partnerships: IntentX has partnered with Mantle Network, Base, Blast enhancing users’ liquidity through ecofund investment.
7️⃣ Security and Audits: IntentX security audits are carried out by Quantstamp. IntentX’s commitment to self-custody and trustlessness suggests a strong focus on security.
8️⃣ Tokenomics and Supply Details:
• $INTX is non-inflationary, capped at 100M tokens.
• xINTX rewards long-term stakers with a share of platform fees.
• Dynamic exit penalty systems encourage long-term engagement.
9️⃣ Exchanges: INTX tokens can be traded on centralized crypto exchanges like Bybit, Gate.io and Merchant Moe.
🔟 Recent Developments: IntentX’s recent seed funding round and partnership with Mantle Network are significant milestones. Recently it get listed on exchanges like Bybit in May 2024.
1️⃣1️⃣ Conclusion: IntentX represents a promising shift in on-chain derivatives trading, combining liquidity and security. As the project develops, it aims to revolutionize decentralized trading and unlock new possibilities in DeFi.
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