A Deep Dive into Staking Programs in Roseon Ecosystem

A Deep Dive into Staking Programs in Roseon Ecosystem

Roseon’s staking programs provide a variety of ways for stakers to earn lucrative rewards within our thriving ecosystem. These rewards are designed to provide long-term benefits for our valued platform users.

Whether you are a novice or an experienced staker, this article will provide you with a comprehensive understanding of how our staking programs work, enabling you to fully leverage the potential of our staking programs.

Savings

You can stake ROSX in ROSX saving pools to maximize your ROSX holdings. These saving pools exclusively reward users with additional ROSX tokens.

staking-program-roseon-ecosystem

Staking

Our staking program offers diverse mechanics and rewards to suit different preferences and investment strategies.

Mechanics
  • Stake ROSX to earn eROSX and Partnered Token
  • Stake ROSX to earn eROSX and 25% Fee (USDC)
  • Stake eROSX to earn eROSX and 25% Fee (USDC)
  • Stake ROLP to earn eROSX + 50% Fee (USDC)
Types of Staking Rewards
  • eROSX: An escrowed token is rewarded for stakers of ROSX, eROSX and ROLP. eROSX then can be staked to earn eROSX and 25% platform fees in USDC, or vested linearly over 6 months to be claimed as ROSX. It’s important to note that eROSX is not transferable.

    Read more about eROSX: https://twitter.com/RoseonExchange/status/1699739562044702979

  • USDC: Stakers of ROSX, eROSX and ROLP will receive shared platform revenue in USDC as rewards
    – ROSX Stakers and eROSX Stakers will earn 25% platform fees in USDC
    – ROLP will earn 50% platform fees in USDC

Conclusion

In conclusion, the staking programs within the Roseon ecosystem offer diverse opportunities for users to earn rewards. You can stake in ROSX saving pools to earn additional ROSX, or explore other staking mechanics and reward structures to earn eROSX tokens and platform fees in USDC. With a unique approach to rewarding stakers, Roseon aims to provide a sustainable, user-friendly, and profitable staking experience.

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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Compete for Glory and $2,000 in ROSX in the RoseonX Testnet Trading Point Battle

Compete for Glory and $2,000 in ROSX in the RoseonX Testnet Trading Point Battle

Calling all crypto enthusiasts and traders! Brace yourselves for the thrilling RoseonX Trading Point Battle! Gear up, fasten your seatbelts, and unleash the trader within you to claim your spot in this epic battle for glory and seize the chance to win a share of $2,000 worth of ROSX!

roseonx-testnet-pnl-trading-competition

Competition Period

  • Competition Period: September 11th, 9AM UTC – September 30th, 9 AM UTC

Rules

  • Winners will be determined by trading points
  • Formula: Trading points = (1 + %PnL)*Cumulative Trading Volume*Boost
    – % PnL = (Total Profit/ Total Collateral)*100
    – Boost varies depending on points you earn by completing tasks in Testnet Trading Point Boost on Galxe.
Galxe Point Amount Boost
0-14 1
15-25 1.1x
26-40 1.2x
41-60 1.3x
61-75 1.4x
76-95 1.5x
95-124 1.6x
125 1.7x
  • Verification of tasks on Galxe will be updated daily at 5AM UTC. Last update will be on Sep 29 at 5AM UTC
  • Users must meet a minimum trading volume of $10,000 during the competition period to be eligible.
  • If two users have the same trading point, the user with the higher %PnL will receive priority ranking.
  • Ranking will be updated daily in Roseon Telegram group. All rankings are not final, until confirmed by an official result announcement from Roseon.
  • Please make sure that you use the same wallet for trading on RoseonX Beta and completing tasks in Testnet Trading Point Boost.

Example: During competition period, Trader A’s trade information is as follows:
– Total Trading Volume = $20,000
– % PnL = 300%
– Galxe Point = 50 -> Boost = 1.3x
=> Trader A’s Trading point = (1+ 300%)*20,000*1.3 = 104,000

Reward

Reward Pool: $2,000 in ROSX
Reward Pool Breakdown
  • For Top 10: $1,200 in ROSX 
    – 1st Place: $400 in ROSX
    – 2nd Place: $300 in ROSX
    – 3rd Place: $200 in ROSX
    – 4th Place: $100 in ROSX
    – 5th Place: $50 in ROSX
    – 6th-10th Place: $30 in ROSX
  • For All Eligible Participants: $800 in ROSX 
    – Each eligible participants will share a proportion of $800 in ROSX based on their trading points
    – Formula: Your reward = (Your Trading Points/Total Trading Points for ALL eligible participants)*800

Rewards will be distributed to eligible winners within 30 working days after the results are announced.

Terms & Conditions

  • Roseon reserves the right to adjust the Event or Event rules at its sole discretion.
  • Roseon reserves the right to the final interpretation of this event.
  • Roseon reserves the right to disqualify any participants showing any signs of fraudulent behavior immediately, such as cheating, multi-account, etc.

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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Roseon Monthly Newsletter – August 2023

Roseon Monthly Newsletter – August 2023

August has been an eventful month, marked by major milestones and developments as we gear up for our highly anticipated mainnet launch.

roseon-newsletter-august-2023

RoseonX Beta Public Testnet Live

Public Testnet successfully went live in early August, marking a significant milestone in our journey. This Testnet provides users with the opportunity to explore and experiment with our platform’s features, offering us invaluable feedback to enhance the overall user experience.

👉 https://beta-dex.roseon.world/#/trade

We are thrilled to share that the response so far has been overwhelmingly positive, with only a few bugs reported. We are grateful for this positive reception and remain fully committed to continuously developing and improving our platform. Moving forward, we encourage all crypto enthusiasts to join the Testnet and actively participate in shaping the future of RoseonX.

roseonx-beta-public-testnet

Testnet PnL Trading Competition

To add to the excitement surrounding RoseonX Public Testnet, we launched a PnL Trading Competition. Traders and crypto enthusiasts were invited to showcase their skills, compete against fellow participants, and stand a chance to win exciting rewards. This competition not only offers an opportunity to win but also allows participants to dive deeper into RoseonX’s trading mechanisms, test various strategies, and gain a thorough understanding of its functionalities in a simulated environment.

Throughout the competition, we have witnessed impressive gains from our traders, and we are truly inspired by the commitment and drive displayed by all the traders who participated in the competition. Their unwavering determination to push the boundaries of trading excellence has set a new standard for future endeavors within the RoseonX community.

testnet-pnl-trading-roseonx

The top 5 traders, with the 1st place trader achieving an impressive 682.3% PnL, will be sharing a prize pool of $1,000 in ROSX. It’s a remarkable achievement and a testament to their exceptional trading skills.

Security Audit Update

We remain dedicated to providing a safe and secure environment for our users. As part of this commitment, our codes are currently undergoing a meticulous auditing process by Verichains. We are delighted to report that the initial response from Verichains highlighted only a minor issue, which has already been rectified. Furthermore, the second response indicated no faults. Verichains is currently reviewing the next batch of code, ensuring that it adheres to the highest standards of security and functionality.

Mainnet Launch Date Release

The moment we have all been eagerly awaiting has been announced! RoseonX Beta Mainnet Launch is set for October 16th.

We have made a strategic decision to launch in October due to several factors. These include the prioritization of stringent security measures, the assessment of favorable market conditions, and the need for effective marketing campaigns leading up to the mainnet launch.

Mark your calendars for October 16th, and get ready to embark on this incredible journey together!

roseonx-beta-mainnet-launch

What’s Coming Up

Exciting events and activities are on the horizon for September. Stay tuned for upcoming contests, trading competitions, and an AMA roadshow. We have plenty in store for you as we continue to grow together.

Together, let’s forge a path towards a successful future for RoseonX.

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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