🚀 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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🚀 Dive into Drift Protocol: Revolutionizing Decentralized Trading on Solana 🚀
🚀 Let's dive into key features and potential of #DRIFT in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Drift Protocol is a decentralized exchange (DEX) on the Solana blockchain, focusing on non-custodial trading and perpetual swaps. Users can trade with up to 10x leverage in perpetual futures/swaps and up to 5x leverage in spot trading.
2️⃣ Technology and Features: Drift leverages Solana’s high-speed, low-cost transactions, featuring a cross-margined risk engine for enhanced protection and a Just-In-Time Auction mechanism for better order prices. Capital efficiency and user asset protection are key highlights.
3️⃣ Whitepaper Analysis: Built on Solana for speed and low costs. Non-custodial trading with a focus on perpetual swaps. Up to 10x leverage in perpetual futures and 5x in spot trading. Cross-margined risk engine for risk protection. Supports token swapping.
4️⃣ Use Case: Drift enables on-chain trading of perpetual futures with a cross-margined mechanism. Users can borrow at variable rates, stake for yields, and swap spot tokens, earning yield through lending. 💹
5️⃣ Team and Leadership: Co-founded by Cindy Leow and David, Drift merges CEX efficiency with DeFi transparency. The Foundation’s DAO administrator is Webslinger, and Matt Shaw is the independent Director. 👥
6️⃣ Partnerships: Backed by Multicoin Capital, Alameda Research, Jump Capital, LedgerPrime, Not3Lau Capital, QCP Capital, Robot Ventures, and ROK Capital, Drift has solidified its position in the DeFi space. 🤝
7️⃣ Security and Audits: Drift’s contracts were audited by Trail of Bits, with no high-severity flaws found. Subsequent fixes and mitigations were also reviewed, ensuring robust security. 🔒
8️⃣ Tokenomics: Maximum supply: 1 billion DRIFT tokens. with Circulating supply: 177.65 million.
9️⃣ Exchanges: DRIFT tokens are tradable on centralized exchanges like Coinbase, Gate.io, Bybit, HTX and BingX. The most active trading pair is DRIFT/USDT on HTX. 💱
🔟 Recent Developments: Drift recently conducted a token generation event, airdropping tokens to eligible Solana wallets. Following its Coinbase listing, DRIFT token made impact in industry. 🚀
1️⃣1️⃣Conclusion: Drift Protocol is a standout in the DeFi space with perpetual swaps, a cross-margined risk engine, and token swapping. Its strong partnerships and recent developments indicate a bright future ahead. 🌟
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