In November 2022, dappOS was selected for Binance Labs' fifth incubation program aimed at shaping the future of the Web3 industry, standing out from over 900 projects. Subsequently, it received seed funding from Binance Labs.
dappOS completed its seed round of financing with a valuation of $50 million, led by IDG Capital and Sequoia China, with participation from OKX Ventures, HashKey Capital, KuCoin Ventures, TronDao, Gate Labs, Taihill Ventures, Symbolic Capital, Foresight Ventures, BlueRun Ventures, Mirana Ventures, Leland Ventures, and others.
Recently, OKX Ventures, the investment arm of OKX, the second-largest cryptocurrency exchange in the world by trading volume, announced a strategic partnership with dappOS.
In just over half a year, dappOS has attracted several top-tier VCs in the cryptocurrency space, including Sequoia Capital, and has gained the favor of the funds under Binance and OKX, the two largest cryptocurrency exchanges globally. What exactly is the charm of the dappOS Web3 operating protocol? Let’s explore in this article.
dappOS is building new infrastructure for the Web3 world.
dappOS is dedicated to building a complete Web3 intent layer, helping users simplify operations and achieve institutional-level execution efficiency. The three core elements of the Web3 intent layer are: operation, asset, and transaction. Previously, dappOS had already launched the Intent Operating System (IntentOS) and Intent Asset, achieving the intent-based operation and asset. Based on these technological advancements, dappOS is now launching spot trading based on intent, further helping users achieve intent-based trading, completing a key component of the dappOS intent layer ecosystem.
The current market is in a boom of new assets and MEME, with users having a strong demand for on-chain trading. However, many existing on-chain exchanges struggle to provide sufficient liquidity, have slow execution speeds, and high fees. These issues severely impact user experience. The core reason for these problems is that the trading liquidity of an asset is often dispersed across various exchanges, preventing users from enjoying the full market liquidity for that asset within a single exchange.
The core design innovation of intentEX launched by dappOS is to additionally treat users' limit orders as intent tasks delegated to nodes in the dappOS intent execution network, on top of the traditional order book exchanges, allowing nodes to execute trades on any chain. This design not only fully leverages the trading liquidity advantages of professional institutions, giving tokens in intentEX liquidity superior to all CEXs and DEXs, but also provides users with faster transaction speeds and lower execution fees.
The core advantages of intentEX are as follows:
1. Institutional-level full market liquidity:
Professional service nodes can observe and match user orders in real-time across the entire market of CEXs and DEXs, realizing institutional-level liquidity capture capabilities by combining high-quality on-chain and off-chain liquidity, allowing user orders to quickly connect to the best price sources, improving transaction rates and execution speed, and enjoying liquidity across the entire market.
The unique OMS mechanism reduces the comprehensive operating costs of nodes, improving system operational efficiency, with nodes not occupying capital or incurring costs for handling order grabbing when accepting tasks.
2. Fast Execution Speed:
Leveraging liquidity across the entire platform, providing faster transaction speeds than conventional on-chain trading, generally completing signature confirmation within 500 milliseconds after user signing, which is faster than public chain block speeds, significantly reducing transaction waiting times.
The trading speed superior to public chains brings a convenience similar to centralized exchanges.
3. Low Transaction Fees: Relying on a network of professional service nodes, transaction fees are optimized to as low as 0.1%, far below the rates of most on-chain exchanges, making it a more economical choice for users' on-chain trading.
4. Decentralization and Transparency: All transactions are publicly recorded on-chain, ensuring transparency and credibility. The decentralized mechanism guarantees reliable order execution, so even if individual service nodes fail, other nodes can seamlessly connect to ensure successful transactions, providing a stable and single-point-free trading experience.
To allow users to better experience the advantages of Web3, dappOS has partnered with the Binance Web3 wallet to launch an exciting task event – sharing a $300,000 token pool! By participating in this event, users can not only easily obtain generous rewards but also gain in-depth understanding of dappOS's innovative technology, especially its unique intent network. In this article, we will detail the core functions of the dappOS intent network and show you how to earn rewards by participating in tasks.
How to participate in the $300,000 token sharing task event.
To allow more users to experience the powerful features of dappOS, dappOS has partnered with the Binance Web3 wallet to jointly launch an event to share a $300,000 token pool. The participation method is very simple; users only need to complete a series of tasks to receive token rewards. The task contents include:
Access the Binance Web3 wallet: Enter the Binance Web3 wallet to access the dappOS platform.
Using the dappOS platform for task operations: initiating transactions, browsing assets, using dappOS's intent operating system, etc.
After completing the tasks, users will receive corresponding token rewards based on their task completion status and have a chance to win a share in the high reward pool.
Summary
The dappOS intent network provides innovative solutions for the Web3 world, transforming user operations into efficient low-cost intent tasks to enhance the user experience of decentralized applications. The collaboration with Binance Web3 wallet not only rewards users generously but also helps them gain a deeper understanding of the intent network.