RoseonApp Adds Mobile Trading and Mini Games

RoseonApp Adds Mobile Trading and Mini Games

RoseonApp, a DeFi SuperApp with Perp Trading and Mini Games to Improve Token Utility and Business Model.

After operating for 3 years, we have learned an important lesson: In order for our startup to thrive in the long run, we must establish a strong and resilient business model that can generate profits even in the bear market. Once we have a proven and sustainable business model, we can then apply innovation. Roseon initially launched during the bull run in June 2021, experiencing robust growth and generating significant revenue and profit. Unfortunately, the following 2 years were bearish with low revenue where the entire industry witnessed the biggest crypto drought following the FTX crash. As a result, the Roseon executive team reassessed its business model and made the strategic decision to enhance our DeFi mobile app by adding perpetual exchange and a mini casino. These new features will enhance the utility of the $ROSX native token, support future ecosystem developments and thereby fortifying our business model even further.

roseonapp-mobile-trading-mini-games

The Pivot Timeline

The pivot began in early Q2 of 2023 and will take place throughout 2024. With these changes, Roseon is expected to improve its token utility, increase revenue, therefore more buybacks.

  • April 5, 2023: Roseon migrated to a new token on Arbitrum, ROSX. RoseonApp supports new tokens on Arbitrium.
  • May 12, 2023: Launched RoseonX on testnet.
  • October 16, 2023: Launched RoseonX on mainnet.
  • December, 2023: Integration with RoseonX in the mobile app to allow our 300K users to trade.
  • January, 2024: Official DEX Release.
  • 2024 and beyond: Continue to extend the trading and add gaming in RoseonApp.

Perpetual Trading

perpetual-trading

Once RoseonX launches on mainnet, integration on RoseonApp will take place immediately, this will allow our mobile users to access perp trading and to further increase TVL which translates to revenue. The integration will take place in 2 phases.

Phase 1: Integrate with RoseonX into RoseonApp, this will help increase TVL and allow mobile users to trade on our DEX, via mobile.

Phase 2: Build a native version of the mobile app to enhance user experience and to support automated trading.

Mini Games

Players can test their luck with 14 mini games, where they can win ROSES, ROSX and USDC.

The following games will be launched initially:

  • Coin Flip – A simple game of chance where players bet on whether a flipped coin will land on heads or tails.
  • DiceX – Dice is another simple game where players can select 1 to 5 faces of the dice to adjust the payout multipliers. This means that by selecting specific numbers on the dice, the player can potentially increase their winnings if those numbers are rolled.
  • MoonX – A game where players bet on the crash of a moon. The game begins when a rocket launches as the moon will rise slowly in the sky. Players can place bets on when they think the moon will “crash”. The time window for betting opens with the first player’s bet. The game is over when the moon crashes, and the players holding their bets win. The longer the moon stays in the sky, the higher the multiplier gets, increasing the potential winnings for players who hold their bets until the crash.
  • Rock Paper Scissors – RPS players compete against the house by choosing one of three options: rock, paper, or scissors. The rules of the game are as follows: rock beats scissors, scissors beats paper, and paper beats rock. If the player and the computer both choose the same option, the game is a draw.
  • Roulette – In Roulette, a spinning wheel divided into numbered pockets takes center stage. Your goal as a player is to predict which pocket the ball will land in after the wheel comes to a stop. The wheel features numbers from 0 to 36, with additional betting options for various combinations and groupings of numbers.
  • Spin2Win: A game of chance where players bet on which segment of a spinning wheel the pointer will land on.
perpetual-trading
perpetual-trading

Future Games

  1. Keno: Players need to choose 1 to 10 numbers from a pool of numbers ranging from 1 to 40. After the player has made their selection, the game will randomly draw 10 numbers from the same pool of numbers (1 to 40). The numbers drawn are the winning numbers. The player’s winnings are determined based on the number of matches between the player’s selected numbers and the numbers drawn by the game.
  2. Blackjack: One of the most popular casino card games worldwide, played against the dealer with the objective of beating the dealer’s hand without going over 21.
  3. Baccarat: A simple and straightforward card game, popular among high rollers. The objective is to correctly guess which hand will have a higher score – the player or the banker.
  4. Slots: One of the most popular games in any casino, where players insert coins and spin the reels in hopes of hitting a winning combination.
  5. Sic Bo: A Chinese dice game where players bet on the outcome of a roll of three dice.
  6. Lottery: A game of chance where players buy tickets with numbers and the winning numbers are drawn at random.
  7. Casino Hold’em: A variation of Texas Hold’em poker, played against the dealer rather than other players.
  8. Big 2: A popular Asian card game, where players try to get rid of their cards by playing combinations and following a certain set of rules.

$ROSX Token Utility

With the addition of minigames and a perp DEX, the Roseon holders will find that there are massive utilities for the $ROSX token within the Roseon ecosystem

$rosx-utitlity

Business Model

business-model-roseon

RoseonApp has 3 streams from revenue:

  • DeFi Convenience Revenue – Roseon charges convenience fees and commission when users swap, bridge or trade.
  • P2E Gaming Revenue: Roseon earn revenue through NFT sales, game credits and advertisements
  • iGaming Revenue- Roseon is the house and will earn through the house edge

Meanwhile, RoseonX earns fees from: Trading, Lending and Listing

The introduction of RoseonX and pivot by RoseonApp will bring more revenue for Roseon, which means more will be given back to Stakers, LP Providers and Treasury for buybacks. Below is a breakdown of how revenue is distributed in order to maintain a healthy and fully incentivised ecosystem.

roseon-revenue-sharing

Conclusion

Roseon’s journey from its inception during a bullish market to navigating a bearish market has led us to revamp our business model and enhance our ecosystem’s utility. Our strategic roadmap demonstrates a well-thought-out plan to strengthen our position in the cryptocurrency space. By expanding our offerings, embracing decentralization, and incorporating gamification elements, Roseon aims to provide users with diverse opportunities to trade, engage, and utilize our native token, ROSX. However, the success of this roadmap will depend on execution, market conditions, and the reception from the crypto community.

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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RoseonX x Intract Mini Trading Competition

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RoseonX Beta Mainnet Launch Celebration on Galxe

RoseonX Beta Mainnet Launch Celebration on Galxe

Mainnet Launch Celebration Campaign on Galxe: Unlock Rewards and Join the Excitement

Get ready to embark on an extraordinary journey as we celebrate the highly anticipated Mainnet Launch! We are thrilled to invite you to participate in our RoseonX Mainnet Launch Celebration Campaign—where you have the opportunity to unlock remarkable rewards and become an integral part of our growing community.

roseonx-testnet-pnl-trading-competition

Campaign Period

  • Campaign Period: October 10th, 11AM UTC – October 31st, 11AM UTC

Rules

  • Complete tasks to earn points (More tasks will be added when RoseonX Beta Mainnet is Live)
  • Participants must meet a minimum points of 110 during the event period to be eligible for the raffle of reward pool.
  • Verification will be updated daily at 5AM UTC. Last update will be on Oct 30 at 5AM UTC.

    Task Details

    Following are task details for better understanding (Please note that you have to do tasks on Galxe)

    Offchain Tasks
    • Follow Twitter (@RoseonExchange)
    • Join Telegram (t.me/Roseon)
    • Like + Quote Tweet Mainnet Galxe Campaign Tweet
    • Like + Quote Tweet Beta Mainnet is coming
    • Like + Quote Tweet RoseonX Mainnet Trading Competition – Trade Crush, Chase GOAT Status
    Onchain Tasks
    • Buy at least 3000 $ROSX on SushiSwap
      – ROSX Address: 0xDC8184ba488e949815d4AAfb35B3c56ad03B4179
      – ROSX on SushiSwap: https://www.sushi.com/swap?chainId=42161&token0=NATIVE&token1=0xDC8184ba488e949815d4AAfb35B3c56ad03B4179&swapAmount=
    • Provide Liquidity (Mint ROLP) on RoseonX Beta Mainnet (at least $50)
      – From now until Oct 13 9AM UTC, you can provide liquidity to Beach Rose Pool (at least $50) to earn 30 points
      👉 Read More about Beach Rose Pool: Dive into RoseonX’s Genesis Liquidity Pools
      – After RoseonX Beta Mainnet Launch, you can provide liquidity (mint ROLP) on RoseonX Beta Mainnet to earn 30 points.
    • Generate a total trade volume of at least $10,000 on RoseonX Beta Mainnet (this task will be added when RoseonX Beta is Live on Mainnet)
    • Stake at least 5,000 ROSX on RoseonX Beta Mainnet (this task will be added when RoseonX Beta is Live on Mainnet)

      Reward

      Reward Pool: Up to $5,000 in ROSX divided equally to 10 winners

      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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      RoseonX x Intract Mini Trading Competition

      RoseonX x Intract Mini Trading Competition

      Join RoseonX and Intract on Polygon zkEVM for an exclusive event packed with rewards! Complete tasks, conquer our mini trading competition, and grab your share of 2000 MATIC, $1000 in ROSX, XPs and ROSP Airdrop points 🔥

      RoseonX Trading Competition: Trade Crush – Chase GOAT Status with Reward Pool of up to $30,000

      RoseonX Trading Competition: Trade Crush – Chase GOAT Status with Reward Pool of up to $30,000

      In celebration of RoseonX Beta Mainnet Launch, we are thrilled to announce our epic mainnet trading competition, RoseonX Trade Crush with a massive reward pool of up to $30,000 USDC.

      Get ready to showcase your skills, experience, and trading prowess as we bring you a trading competition like no other. Be among GOAT traders who will set new standards of excellence and make a mark in the trading community. Are you ready to crush the trades and seize your chance to win big?

      roseonx-trade-crush-competition

      Competition Period: 

      • Competition Period: Oct 20th 9AM UTC – Nov 10th 9AM UTC

      Trading Pairs 

      • Perpetual Trading Pairs:

        $BTC/USD, $ETH/USD, $ARB/USD, $BNB/USD, $MATIC/USD

      How to Participate

      • Trade on RoseonX Beta Mainnet: https://dex.roseon.world/#/trade
      • Once you meet a minimum trading volume of $10,000 on RoseonX Beta Mainnet, click “Register” to be eligible in the competition

      Rules

      • Winners will be determined by overall % PnL during the competition period.
      • Formula: % PnL = (Total Profit/ Total Collateral) * 100%
      • Total Trade Volume = Opening Size + Closing Size
      • Position Size = Collateral*Leverage
      • Users must meet a minimum trading volume of $10,000 before Nov 10th 9AM UTC to be eligble.
      • If two users have the same % PnL, the user with the higher total trading volume will receive priority ranking
      • Competition leaderboard is updated here: https://dex.roseon.world/#/trading-competition
      • All rankings are not final, until confirmed by an official result announcement from Roseon.

      Reward

      Reward Pool: $4,000 USDC – $30,000 USDC
      Number of eligible participants 800 2,000 3,000 6,000
      Total rewards pool (USDC) $4,000 $10,000 $15,000 $30,000
      Reward Pool Breakdown
      • 1st Place: 30% of the total rewards pool unlocked
      • 2nd Place: 25% of the total rewards pool unlocked
      • 3rd Place: 20% of the total rewards pool unlocked
      • 4th Place: 10% of the total rewards pool unlocked
      • 5th Place: 5% of the total rewards pool unlocked
      • 6th – 10th Places: 2% of the total rewards pool unlocked each

      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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      RoseonX x Intract Mini Trading Competition

      RoseonX x Intract Mini Trading Competition

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      Roseon Monthly Newsletter – September 2023

      Roseon Monthly Newsletter – September 2023

      With the Mainnet Launch imminent, September was a month filled with activities and exciting developments.

      roseon-monthly-newsletter-september-2023

      Testnet Twitter Thread Contest and Trading Point Battle

      As part of our ongoing efforts to amplify excitement and engagement on the RoseonX Beta, we hosted the Testnet Twitter Thread Contest. This contest aimed to provide content creators with a platform to showcase their remarkable skills, share their trading experiences on RoseonX, and express their personal favorite aspects of the platform.

      Also we launched Testnet Trading Point Battle, a trading competition with a prize pool of $2,000. We have been truly astounded by the remarkable trading points of our traders throughout the competition. The commitment and drive they have displayed are undeniably inspiring.

      The active involvement and exceptional achievements of participants have not only injected excitement into the RoseonX Beta but have also fostered a vibrant community of passionate traders.

      roseonx-beta-public-testnet

      Impressive Achievements in Beta Testnet Phase

      During the Beta Testnet phase, RoseonX has achieved remarkable milestones. The total trading volume on the testnet has surpassed an impressive $133 million. Additionally, the platform witnessed a surge in trading activity, with the 24-hour trading volume peaking at an astonishing $19 million. These numbers are a testament to the growing popularity of RoseonX.

      RoseonX is grateful for the enthusiastic and active participation of its users, as they continue to drive the momentum of the platform and contribute to its ongoing success. With such impressive achievements during the Beta Testnet phase, RoseonX is poised to deliver even greater value to its users as it moves towards its official launch.

      Features at RoseonX Beta Mainnet Launch Sneak Peek

      In preparation for the highly anticipated RoseonX Beta Mainnet Launch on October 16th, an array of exciting features set has been unveiled:
      – Spot Trading Pairs: $ROSX/USD and $NAKA/USD
      – Perpetual Trading Pairs: $BTC/USD, $ETH/USD, $ARB/USD, $BNB/USD, $MATIC/USD
      – Gamified Experience: RoseonX aims to provide a gamified experience, where users can unleash the fun while engaging in DeFi activities. By incorporating elements of gamification, RoseonX seeks to enhance user engagement and create a more enjoyable and interactive platform.

      By offering diverse trading pairs and incorporating gamification, RoseonX is set to provide an innovative and engaging trading experience for its users.

      Read More: https://twitter.com/RoseonExchange/status/1706640562798120967

      roseonx-gamification

      Ambassador Program Reopen

      The registration for the Ambassador Program was reopened. This program seeks to onboard individuals who will proudly advocate for RoseonX and its core values and mission.

      The response exceeded our expectations, as we received a higher volume of applications compared to the previous enrollment period. This overwhelming support, coupled with the trust bestowed upon us by our applicants, fills us with gratitude. We are truly appreciative of their belief in our vision and their willingness to contribute to our ambassador community.

      RoseonApp New Version – Version 2.4.11 Released

      RoseonApp Version 2.4.11 has just been released with exciting updates, including WalletConnect Integration, Token Transfer between Roseon Wallet and Web3 Wallet, UI Update, Bug fixes and performance improvements.

      $ROSX Swap and $NAKA Swap is Live on RoseonX

      RoseonX now offers users the ability to seamlessly swap or trade $ROSX and $NAKA tokens. Accompanying this feature is the integration of an advanced chart, which empowers traders with crucial data and analysis tools, further enhancing the overall trading journey on RoseonX.

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

      AMA Roadshow

      We’ve kicked off an exciting AMA Roadshow, aiming to engage with a wider audience and provide in-depth insights into the platform. This roadshow has enabled the RoseonX team to connect with various communities, sharing valuable information about the project and addressing any questions or concerns.

      In addition to the AMA sessions, RoseonX has collaborated with partners to organize an exciting series of events designed to incentivize and reward community members. Notable events include the “zkLink WinWinWin with RoseonX” event, featuring a generous prize pool of $2,080 USDT, and the “Web3 Infrastructure Innovation Seminar” in collaboration with Dmail and TaskOn.

      These initiatives not only foster engagement within the RoseonX community but also facilitate knowledge sharing and collaboration with external communities. Through these events and partnerships, RoseonX is building valuable connections and further solidifying its position as an innovative and community-centric platform.

      roseonx-ama-roadshow

      What’s Next?

      Excitement is building up as RoseonX Beta approaches its Mainnet launch on October 16th. This month holds great significance for RoseonX, with various campaigns and competitions in the works, all leading up to the highly anticipated Mainnet Launch. Are you ready?

      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

      Related Articles

      RoseonX x Intract Mini Trading Competition

      RoseonX x Intract Mini Trading Competition

      Join RoseonX and Intract on Polygon zkEVM for an exclusive event packed with rewards! Complete tasks, conquer our mini trading competition, and grab your share of 2000 MATIC, $1000 in ROSX, XPs and ROSP Airdrop points 🔥