Welcome to Stage 1 of the Rox Chain Incentivized Testnet! This guide will help you start trading on RoseonX, an AI-powered Perpetual DEX running on Rox Chain – The First Layer 3 Chain Built for On-Chain AI Inference.
Roseon is Shaking Up The World of DeFi and Injecting Some Fun
Let’s face it, 2023 hasn’t been kind to DeFi. It’s been a rough winter for the space, with blow after blow hitting the industry. Whether it’s the LUNA crash, 3AC bankruptcy, or the FTX saga, DeFi has taken some hard hits.
DeFi Winters
The truth is, DeFi is in serious trouble, and there’s no way to sugar-coat it. The numbers don’t lie. Just take a look at the total value locked (TVL) in DeFi. Since 2022 began, the sector has lost a staggering 75% of its locked value. Ouch!
At the beginning of 2023, there was a slight glimmer of hope with a small increase in TVL. Another metric worth considering is the volume on decentralized exchanges (DEXes). Even the independent exchanges, which were once seen as the most promising aspect of DeFi, couldn’t withstand the bitter winter winds.
Exchanges operating independently are considered the most potential vertical in DeFi. Yet, even they could not withstand the bitter winter winds of DeFi
The Condition of DeFi At Present
So, where does DeFi stand right now? Well, it’s not all doom and gloom. While the number of relevant DeFi protocols can be counted on one hand, there are still some players making waves. Uniswap continues to hold the title of the largest DEX, Curve is busy exchanging stablecoins, Aave is working on exciting initiatives, and dYdX and GMX are welcoming new users into the fold.
RoseonX
But there’s a rising star on the horizon – RoseonX. This gamified derivatives exchange offers a unique opportunity to trade your favorite crypto instruments at low fees and with leverage of up to 50X. RoseonX aims to provide advanced features that are missing from the market.
Let’s take a moment to compare. Sure, you can trade on other platforms, but you’re missing out on a whole range of useful features like zero spot slippage, a dedicated launchpad, internal swaps, a referral system, and yes, gamification. RoseonX is your one-stop-shop for all these features and more. Imagine the exposure and wealth-building opportunities you’ll have with RoseonX’s unique offerings.
But that’s not all. With RoseonX, you get a multi-chain decentralized exchange with perpetual contracts. This means you can move your funds across various chains at minimal cost. The platform also boasts advanced tools like trailing stop losses to protect your profits, single sign-on for saving time, and a delegated wallet that puts you in full control of your funds. It’s your keys, your wallets – no need to worry about losing your hard-earned money.
What else do you get with RoseonX?
A Multi Chain Decentralized exchange with Perpetual Contracts.
This will help users like you to move your funds via various chains at a minimal cost.
Advanced tools like Trailing Stop losses to protect and book your profits, Single sign-on to save your time, Delegated Wallet, which is entirely under your custody
Your keys, your wallets. We don’t want you to end up losing your hard-earned money; with our DEX, you can stay stress-free about the safety of your funds as you are in charge of your money, NOT US.
A Gamified Experience
Now, let’s talk about the fun factor. RoseonX is here to make trading and DeFi enjoyable again. Their slogan says it all: “Make DeFi Fun Again.” The more you trade, stake, or play games, the more rewards you’ll earn. Daily check-in rewards and quizzes offer additional opportunities to increase your gains. RoseonX is taking gamification to the next level, revolutionizing yield farming, staking, and trading in a way that few exchanges have done before.
So, how does this gamification work? There are three types of activities that earn you Experience Points: daily activities, playing skill-based games, and trying your luck with Games of Chance. Each day, you get one free activity, incentivizing you to sign in regularly and play to earn points. Games at the Game Center require points to play, giving you a chance to double up on your earned points. If you’re running low, you can even purchase turns to play games with ROSX, the platform’s native token.
But here’s the catch – you can only redeem your points after completing a DeFi activity on the mobile app or RoseonX.
Conclusion
With gamification, it makes the Roseon Platform easy for new users to join the platform, engage with the platforms, to earn POINTs, then convert the users with DEFI activities and trading.
Keep an eye on the updates, as RoseonX will be launching soon. Don’t miss your chance to maximize your gains.
About Roseon
Roseon brings crypto adoption through user experience and gamification. Roseon currently has two products: RoseonX, a gamified perp DEX and RoseonApp, an one-stop mobile crypto app. 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.
Learn more about us: Website | Twitter | Whitepaper | Telegram | Facebook
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