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

    Related Articles

    RoseonX: A Decentralized Spot & Perp Exchange

    RoseonX: A Decentralized Spot & Perp Exchange

    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.

    2022 Wrap-Up Is Here

    2022 Wrap-Up Is Here

    Roseon has overcome all the obstacles and set new achievements in 2022.

    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, Roseon’s metaverse called WeeeLand Social which is targeted to launch next year, 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 | Litepaper | Telegram | Discord | Facebook

    Related Articles

    RoseonX: A Decentralized Spot & Perp Exchange

    RoseonX: A Decentralized Spot & Perp Exchange

    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.

    2022 Wrap-Up Is Here

    2022 Wrap-Up Is Here

    Roseon has overcome all the obstacles and set new achievements in 2022.

    Roseon Launches New Reward Program: Conquer the World of Metaverse Hero Arena for the +$7,000 Rewards

    Roseon Launches New Reward Program: Conquer the World of Metaverse Hero Arena for the +$7,000 Rewards

    Roseon-reward-staking

    Hero Arena is a multiplayer NFT RPG game inspired by DOTA architecture that combines advanced blockchain technology and decentralized finance features to create an unprecedented experience. We’re launching a reward program with $7,003 in HERA up for grabs!

     

    STAKE AND DRAW

    Our Stake & Draw spins a gamified 🎲 essence to the classic staking mechanics. Subscribe your $HERA for a chance to win in our lucky draw! A total of $1,000 will be awarded!

    • Subscription Period: 7 days (From November 9th 09:00 UTC to November 17th 00:00 UTC)
    • Users can stake their tokens from the start of the subscription period. No staking or mining rewards will be generated during this period.
    • Locking Period: 30 days (From November 17th 00:00 UTC to December 17th 00:00 UTC)
    • During the locking period, the staked assets will be locked for the duration of the term and committed, and no staked rewards will be redeemable in advance prior to the end date of the locking period.

    LOCKED STAKING

    Protect your assets during the bear market and earn passively with our $HERA locked staking.

    • Locking period: 90 days
    • Fixed APR: 70%
    • Start Date: November 9th 09:00 UTC

    $ROSN FARM

    Secure your VIP levels and benefits by subscribing your $ROSN to farm $HERA.

    • Deposit: $ROSN
    • Earn $HERA
    • Start Date: November 9th, 2022 09:00 UTC
    • End Date: January 8th, 2023 09:00 UTC
    • Higher flexible rewards

    How to Deposit, Stake and Farm

    DOWNLOAD ROSEON MOBILE APP

    Google Play: https://play.google.com/store/apps/details?id=roseon.finance

    App Store: https://apps.apple.com/vn/app/roseon-finance/id1559440997

    Web app: https://app.roseon.finance/

     

    ABOUT HERO ARENA

    Hero Arena is a Metaverse RPG Game built on blockchain technology, inspired by DOTA. It is a futuristic world with 2 different factions, each with its own strengths and weaknesses. Players can recruit heroes which then can be used to progress in the campaign mode and fight against the enemies. In combat, arena players can earn profit from their enemies.

    Website | Twitter | Telegram | Discord 

     

    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 soon, with our very own metaverse. 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

    Related Articles

    RoseonX: A Decentralized Spot & Perp Exchange

    RoseonX: A Decentralized Spot & Perp Exchange

    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.

    2022 Wrap-Up Is Here

    2022 Wrap-Up Is Here

    Roseon has overcome all the obstacles and set new achievements in 2022.

    Newbie Talk: How I simplified my crypto journey when first getting into crypto/ blockchain

    Newbie Talk: How I simplified my crypto journey when first getting into crypto/ blockchain

    Good day everyone! When I heard about cryptocurrencies, some millionaires sharing their crypto journey really piqued my interest. Of course, I’m not expecting to make that much money from cryptocurrencies because crypto is hard, but a little is not impossible. I’m a newbie who gets nervous around complicated things, so I’d prefer something simple and easy to use. That’s when I came across the Roseon App, and my crypto journey then simply began from there.

    First, I am not a risk taker, so I never spend money I really need on investing in something new, in this case it’s crypto. Moreover, advice from many experienced people was to use your idle funds, or money that you can afford to lose. Thus, I created a budget which was a line-item accounting of all my income and expenses, then ran it through the 50/30/20 framework; consequently, I have a fund for investment.

    Next, it’s time for research. We have to know what we are investing in, right? We cannot win a game if we do not know its rules, which is especially true in this unregulated market. The first piece of advice I received was not to believe the hype. Do not put your money into crypto Ponzi schemes, especially if you are new to investing. Prices for cryptocurrencies are volatile, and a new investor can easily be crushed by this volatility. To determine whether projects have potential, we must thoroughly read the prospectus and analyze the companies. Did this help me evaluate well in the first place? No, but educating ourselves will be beneficial in the long run. Another piece of advice I got was to time the market to buy low and decide how long to hold. If you intend to hold for a short time, buy at the lowest possible price; if you intend to hold for a long time, low or lowest price makes little difference. For example, buying some token at 0.2 or 0.1 is not important if it will increase to 2 after 2 years; however, it is important if you only want to hold it until it reaches 0.4; thus, buying at 0.1 is definitely more beneficial.

    Then, after conducting research and consulting experienced individuals in the field, I started with the Roseon app. I believe it is the best place to start a crypto journey because the UI/UX design is so great and straightforward. I was quite impressed when I discovered this app, and it’s always fun to try out the app’s features. Regarding investing, various savings pools with fixed APRs of up to 200% are the most secure. It’s similar to depositing money in a bank and then getting interest on it. With this, I could figure out what I’ll get after a certain amount of time which is usually 180 days or 90 days. Farming pools are another option, but they are riskier because the APR is variable. You still earn interest, but the token price that time may be higher or lower than before. Previously, there were not many farming pools with well-known tokens; instead, they only had pools of projects with which they had partnered. Now, thanks to the Beefy integration, they bring more appealing pools with coins such as USDT, BUSD or BNB to users, which I greatly appreciate. The lucky draw is another appealing feature. It’s the same as staking, but you’ll be entered into the lucky draw. As an example, consider the HDV lucky draw: I staked 1HDV, which I didn’t have to buy but obtained through the Spin2Win feature, and then won 200,000HDV which were $80. Isn’t that incredible? Even I myself can’t believe it.

    The things mentioned above are not even the most enjoyable aspects of the app. If you like to play games, or even if you don’t, like me, you can’t miss out on the play-to-earn games of this app. But first, you may want to earn some free Rose points by completing KYC and daily check-in. I remembered I got 50 Rose points for completing KYC, 1 Rose point per day for checking in, and 4 more points if I check in 7 days in a row. I use those points in Spin2Win to get some random rewards, and if I’m lucky, I might get some tokens. I also play games to gain Rose points. There are currently four mini games available: Spin2Win, Zombie Warrior, Goblins Attack, and Bobblehead Ball. Zombie Warriors is my favorite game because it’s entertaining. I just need to adjust the angle of the shot so that it hits the zombies and instantly defeats them, allowing me to win the level and earn points. Of course, there are challenging levels, but completing them is always rewarding. I’m not very good at controlling characters or fighting in Goblin Attacks, so I always lose. If you like fighting games, I’m sure you’ll enjoy it. Regardless of the latest game released recently, Bobblehead Ball, it irritated me at first because it’s so difficult to win, but now I can’t stop playing it since it’s so thrilling. Thanks to a variety of ways to earn Rose points, I often save them up to buy NFT loot boxes to get characters to win some levels. Level 67 of Zombie Warriors, for instance, cannot be completed unless you have a special character with explosive bullets; the Roseon team has even created a campaign to assist users in completing level 67. Furthermore, as they recently conducted a voucher survey on their Telegram community channel, I believe they will include some Rose point utilities such as redeeming gift cards, vouchers issued by their partners, or vouchers to purchase their merchandise. I am really looking forward to it.

    In conclusion, cryptocurrency is a relatively new field, so there are certain risks. To minimize losses, we must prepare ourselves with knowledge before entering the field. Hope your crypto journey will be interesting and fun. Just start carefully and slowly as I have done with the Roseon app. On your mark. Get set. Go!

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

    Related Articles

    RoseonX: A Decentralized Spot & Perp Exchange

    RoseonX: A Decentralized Spot & Perp Exchange

    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.

    2022 Wrap-Up Is Here

    2022 Wrap-Up Is Here

    Roseon has overcome all the obstacles and set new achievements in 2022.