RoseonX: A Decentralized Spot & Perp Exchange

RoseonX: A Decentralized Spot & Perp Exchange

A lot has been happening in the crypto space since the bear market started in November 2021. We have witnessed the collapse of big platforms like FTX, high-yield DeFi protocols like LUNA, big VCs like 3AC, and many others.

Recently rumors of DCG and Genesis being bankrupt have been floating around.
With all these negative sentiments flowing in the market, it is not difficult to say that the coming days for investors and retailers will be harsh.

We care about our users, and we want to take a step in the direction of safeguarding our users, their funds, and their trust.

With the recent developments and FUD going in the markets, Roseon has decided to expand its ecosystem.

We want to bring more utility to our native token and give more power back to the community and our users.

    THE ROSEONX EXCHANGE PLATFORM

    Everyone knew Roseon Mobile as a one-stop crypto lifestyle app with LaunchPad, DeFi, and Play-To-Earn Games till now.

    But now we have decided to launch our decentralized exchange platform, RoseonX.

    roseon-new-ecosystem

    We are not doing it for our own motives; decentralized exchanges are the need of the hour. Users have lost confidence in centralized exchanges after the FTX collapse.

    If you think rationally, would you want to put your funds in a centralized exchange where you lose all your funds if something happens?

    DEFINITELY NOT.

    It happened during the FTX collapse; many investors lost their money and still struggled to get back their hard-earned money.

    If you move further back, what happened to LUNA? Millions of users who invested because of the unsustainable high DeFi yields were REKT.

    Decentralized Exchanges (DEXs) are the future. Here’s how the RoseonX will benefit you:

    1. Self Custody Of Your Assets

    Not your keys, not your crypto, is the general rule of DeFi.

    DEXs are non-custodial and stick to this idea, allowing users to exercise self-custody.

    In a nutshell, The RoseonX users will have 100% control of their private keys and hence actual ownership of their assets.

    This means no one can freeze your account or run away with your money.

    2. Reduced Transaction Fees and Quick Trade Execution

    Decentralized exchanges minimize the need for intermediaries, resulting in lower total transaction costs. With the AI trading bots and delegated wallet technology, trade executions can be automated and are super fast.

    3. Less Censorship

    Users benefit from privacy and anonymity since decentralized exchanges do not need clients to fill out know-your-customer (KYC) forms. Because DEXs are not censored, more cryptocurrencies and digital assets are available than through a CEX.

    In reality, several Altcoins are exclusively accessible on DEXs.

     

    Advancements For The Future

    We want to be completely transparent with our community.

    Due to the high demand for DEX, if we take this opportunity to build a helpful and practical DEX for the community, we can cater to the masses, and that’ll help Roseon to generate more value and revenue to the community.

    We want everyone to benefit from this crypto revolution and simultaneously build a long-lasting business.

    The community will get a fully decentralized exchange with spot and derivatives trading with leverage up to 50x, and with the number of users in our database, a lot of our users and other crypto enthusiasts will be able to safeguard their funds.

    The Roseon Ecosystem

    Roseon Mobile will remain the DeFi aggregator, with forthcoming integrations with additional derivatives trading platforms such as Ribbon Finance, DYDX, lending integration with Aave, but its top priority is integration with RoseonX services to extend the RoseonX trading platform to mobile users.

    A complete end-to-end service platform

    With the introduction of RoseonX improves Roseon’s business model by providing a complete end-to-end service offering. Starting with incubation, token launch, to providing token utility through staking and gaming, and lastly, offering token listing and liquidity management services.

     

    roseonx-diagram

    The $ROSN token will be replaced with a new governance token, $ROSX, with new tokenomics to reflect the added services to the ecosystem.

    Do not panic if you hold $ROSN tokens; your funds are safe and will be converted into $ROSX when it is launched.

    The primary goal of $ROSX is to strengthen our core foundation and build a community of loyal users through the DAO.

    We’ll provide you with the new tokenecomics and migration details for $ROSX in the coming weeks.

    Technical Roadmap

    As you know, we consider our users when we make big decisions.
    Moving forward in 2023, we aim to:

    • Migrate from $ROSN to $ROSX
    • Alpha Release the DEX with liquidity programs and exchange
    • Launching liquid staking pools
    • Improved user experience features such as trailing stop-loss, AI trading bots and delegated wallet for fast trade execution

    Below is a snapshot of the RoseonX roadmap for 2023.

    roseon-roadmap

     

    To Summarize

    We understand this is big news for our users. However, as the industry is still evolving, we must keep ourselves updated with the latest trends to maintain users’ trust and safeguard them in adverse situations.

    This shift towards DEX is one of those steps that we have to take for the betterment of everyone. As a byproduct of this cause, we’ll be able to make Roseon sustainable in the long run.

    The essential point is that DEXs provide all of the same services as centralized exchanges, but anonymously and in a trustless manner.

    We’ll keep you updated on the progress.
    Till then, join our upcoming allowlist for $ROSX.

    About Roseon

    Roseon is your one-stop crypto lifestyle app with LaunchPad, DeFi and Play-To-Earn Games. We got selected as one of the Top 9 stars in BNB Chain Web3 Stars Accelerator Vietnam.

    Roseon is the entire ecosystem covering Roseon’s developments in simplifying our users’ crypto journey. Our one-stop solution to all crypto needs is accessible via mobile or web, and with our metaverse – WeeeLand Social. Our intuitive but user-friendly UI eases the adoption of newcomers to our ecosystem.

    Website | Twitter | Litepaper | Telegram Discord | Facebook

    Learn more about us: Website | Twitter | Litepaper | Telegram | Discord | Facebook

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    Metaverse: The Next Iteration of Internet

    Metaverse: The Next Iteration of Internet

    Major breakthroughs in the economy come with the great boom of innovation and technologies such as steam machines, automatics or the Internet and Mobile Phone which can solve issues of the society. Those innovations pave the way for the rise of new businesses creating solutions for the society, while fostering the capital flows and investments. Mobile phones and the Internet fosters activity in the production, e-commerce and global economy by allowing more connectivity, and giving buyers and sellers access to bigger trading markets and databases. And recently, the promise of new technology, metaverse & Web3 has been rising and driven, to a considerable extent, by the potential benefits of decentralization of blockchain over the past few years.

    The concept of the metaverse has recently gained traction in the realm of information technology. Several corporations have been working hard on expanding their virtual reality (or “metaverse”) systems. Countless backers such as Meta, Microsoft, Nike, Adidas, Apple, Roblox have contributed to metaverse initiatives. Many people are curious about it now. That begs the question: “Why is the metaverse getting so much attention?, What economic opportunities can the metaverse open to businesses?” We’ll discuss what it is and what it can do.

    Definition of Metaverse
    First, what is metaverse? There is no agreed-upon definition of “metaverse”, but Binance Academy defines it as “a concept of an online, 3D, virtual space connecting users in all aspects of their lives. Like the web connects disparate sites that can all be accessed from the same browser, this would link together multiple platforms. It may or may not necessitate the use of VR (virtual reality) or AR (augmented reality). It can serve as a portal to the wide world of digital entertainment, a virtual shopping experience, a learning resource, an advertising platform, or a classroom. Metaverse, indeed, should satisfy the collision of experience in both the digital and physical worlds. Items and services in virtual worlds must behave like those in the real-verse so users can enjoy the same or better benefits from metaverse.

    Advocates believe that Metaverse is a place where people can use their one unique & authentic identities, backed by real identity to connect all immersive platforms to participate in, socialize through and become a part of. This, in turn, removes the barrier of economic distance and enhances trust in transactions. As stated in the article of Meta: “A digital ID can open up new economic opportunities for people by allowing them to demonstrate eligibility for services in a privacy-preserving manner by indicating to third parties that the holder has undergone identity verification without sharing their actual personal information”.

    Why does Metaverse matter?
    Then, what is the stimulus for the rise of Metaverse right now? This is an especially pivotal time for the metaverse due to a confluence of technical, social, and economic factors. According to Deloitte, these include the confluence of several maturing technologies (extended reality, edge computing, AI, 5G, etc.), incumbents’ pursuit of growth, heightened behavioral changes due to Covid-19, the growth and evolution of the digital economy, and significant capital investment.

    Multiple sectors stand to benefit the most from the metaverse over the next decade. In light of the substantial investment from leading technology companies, VC firms, corporations, and brands, as well as the vast array of potential applications and uses, industries are already implementing metaverse initiatives. Most current ones are focused on marketing, education, employee learning and development, virtual meetings, events, or conferences, and product design or digital twinning. Metaverse enables businesses to engage users in novel ways, host virtual events, test out experimental forms of advertising, enhance process development and teamwork, and facilitate transactions with e-wallets and cryptocurrency.

    Services are likely to benefit most from the rise of Metaverse, including tourism, entertainment, education, training, art etc. Imagine that you can travel to foreign countries at lower costs and during a shorter period of time, and even can experience a similar experience. Concerts tickets may be sold out due to limitations of physical stadium but you can access it via metaverse portal. Metaverse provides mid and low-income people access to luxurious service such as skydiving, bungee jumping etc

    With blockchain technology integrated into Metaverse, transparency and immutability of personal data can facilitate trustless transactions between users and automatic verification without human intervention. Without intermediaries, individuals can access a variety of financial services options that fits with their personal purposes at lower costs, and consequently grow the aggregate capital inflows to the economy. Consequently, the speed of transactions and money flows can be boosted, leading to higher productivity and cost reduction. In the nutshell, decentralized finance (Defi) and Metaverse can be interoperable.

    Data aggregation can become more rich in nature thanks to the interactivity and real-time data capturing across various activities of all entities in the Metaverse, from individual to businesses. This may change the way marketing works in the near future. Data ownership can be captured by personnel easily and users have permission to monetize their own data. Thus, data portability will become the next trend. You can find many Web3 platforms that already allow users to monetize their personal data for crypto currencies such as Galxe, Lens Protocol, etc.

    Furthermore, the participation of major players, including several dominant companies from different industries, is further evidence of the metaverse’s rapid expansion. Companies like Meta, Microsoft, Nvidia, Apple, and Alphabet are just a few of the many large tech corporations actively shaping the metaverse. Facebook’s decision to rebrand as Meta shows the company’s dedication to competing at the highest levels of the industry. Other examples include Sony’s PlayStation VR2 headset, which arrives on Feb 22, and Apple’s rumored entry into the augmented reality market in 2023. One more is Microsoft’s proposed purchase of Activision Blizzard.

    Some use cases of Metaverse
    Marketing in the metaverse is predicted to increase significantly as more and more brands adopt purpose-built virtual campaigns. Nikeland, for instance, lets users play games while organically exploring Nike’s range of products in VR; Gucci launched Gucci Garden on Roblox, and Coca-Cola released a digital jacket to be worn in Decentraland.

    VR and AR innovations are already paving the way for useful metaverse applications that can improve people’s lives on a global scale. Some examples are Deloitte University for employee onboarding, The Havas Group’s village within The Sandbox that hosts recruitment services for improved candidate and onboarding experiences, HSBC’s partnership with The Sandbox to take sports engagement to a new level in gaming metaverse, Ariva Digital’s Wonderland platform that allows users to travel to imagined or recreated destinations, BMW experimenting with creating digital twins of entire factories, and designing products using Nvidia’s Omniverse technology, Seoul’s plan to become the first city to host a metaverse platform for public services by 2023, and more.

    How might things develop in the future?
    Deloitte suggests three different futures for the metaverse. Low Orbit is the first one. The metaverse is good at what it does well, but it never becomes a platform that can be used for anything. And then there’s Double Star, the second. There isn’t just one metaverse, but rather several competing for a piece of a fluid industry. Big Bang is the final one. As time goes on, we increasingly rely on an open, interoperable metaverse as the primary interface through which we go about our daily lives.

    Moving at speed, we also expect a set of design principles that can evolve alongside the opportunities and challenges of the metaverse to guide the development of experiences that put people first. In a recent report, McKinsey stressed the importance of emphasizing the human element when designing for the metaverse. Brands, businesses, and governments can maximize the metaverse’s potential by providing satisfying experiences to the metaverse’s end users.

    Closing thoughts
    In conclusion, the possibilities of the metaverse have the power to propel us into a very different kind of world. Just like in the real world, you can find almost anything in the metaverse. It, thus, will have far-reaching effects on our economies and society as a whole.

    Learn more about us: Website | Twitter | Whitepaper | Telegram | Facebook

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    2022 Wrap-Up Is Here

    2022 Wrap-Up Is Here

    2022 has come to an end, and there has been a lot of rough and tumble in the past year. But in the end, Roseon has overcome all the obstacles and set new achievements in 2022. Let’s look back on what we have accomplished.

    Thanks to the support and love from the community, we have reached these numbers which are meaningful and appreciative to us:

    • 300K+ total registered users
    • 20K+ Daily Active Users
    • 40K+ monthly visits on our websites and blog
    • 100+ partners
    • 100+ pools opened on Roseon App
    • 5 mini-games

    Built 5 mini games

    In 2022 we built and published 5 mini-games on our Roseon Mobile App bringing users relaxation and earn with Roseon game during the day, making their lifestyle better. Let’s look back at what we have brought to our users in 2022.

    Having been selected in the top 9 in BNB Chain Web3 Accelerator Program in Vietnam

    After being award as “DeFi Prize” at Vietnam Super Blockathon in 2021, we continue to be recognized by BNB Chain as we have been selected in top 9 in BNB Chain Web3 Accelerator Program in Vietnam.

    There were 150 competitors joining the Web3 Accelerator Program in 2 weeks, and after a rigorous selection process, 9 teams were selected as winners. This program gave us an opportunity to prove our strong foothold in the market.

    As commented by the judge in Vietnam Super Blockathon Competition, the winning teams this season have generally performed an excellent job of preparations. In addition, the preparation in ideas, technology, and security is also carefully focused. What we want to offer to our users not only easy-to-use but also excellence quality applications.

     

    The first-ever live AMA with the virtual influencer in blockchain space

    In July 2022, the first live interview with a Virtual Influencer on Blockchain Space, knowns as our Influencer Roselynn, has been broadcasted with 2 beloved guests, Ms Myrtle Anne Ramos from BlockTides and Ms Agnes from Koakuma. This interview had been carried out successfully with more than 200 views on Roseon YouTube channel.

      Beefy.Finance Integration & Provide more farming options to our app users

      Not only so, in August 2022, Roseon has been integrated with Beefy.Finance, the multichain yield optimizer, to bring users the easiest way to become a Liquidity Provider in only 3 steps: login Roseon App -> select the pool -> deposit one asset of the pair. Thenceforth, all they need to do is sit back and wait for their passive income through swap fee, Roseon will take care of the rest.

       

      Launched Ambassador Program

      We received more than 100 applications from candidates all over the world. After selection, we successfully onboarded 50 ambassadors and spread Roseon to everyone. The Ambassador program is a win-win for both sides, our ambassador can earn perks and social status while Roseon can exposure our brand with their support

      For those who want to register for Roseon Ambassador Program 2023, kindly fill in this form: bit.ly/3C2w2V8

      The first Offline Workshop in Vietnam

      On August 25th, Roseon held the first Workshop Offline in Vietnam with the topic of “Is it easy to create a character in an NFT game?” to impart knowledge about crypto and blockchain to young people who are interested in NFT games or newbies who start from scratch in this field. We have created memorable memories by sharing knowledge and joy. Our beloved participants not only gain more knowledge but also receive attractive presents from Roseon. In 2023, we would love to organize more Workshops to fulfill our mission in making crypto easily accessible.

      Supporting 5 chains, adding OKC to our ecosystem

      Following the aforementioned accomplishment, Roseon has got a great chance to integrate with OKC (OKX Chain) which allows users to deposit, store and withdraw tokens on its chain. Until now, we support 5 chains: BNB Chain, Ethereum, Polygon, Solana, OKC.

      About Roseon

      Roseon is your one-stop crypto lifestyle app with LaunchPad, DeFi and Play-To-Earn Games. We got selected as one of the Top 9 stars in BNB Chain Web3 Stars Accelerator Vietnam.

      Roseon is the entire ecosystem covering Roseon’s developments in simplifying our users’ crypto journey. Our one-stop solution to all crypto needs is accessible via mobile or web. Our intuitive but user-friendly UI eases the adoption of newcomers to our ecosystem.

      Website | Twitter | Whitepaper | Telegram | Facebook

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