RoseonX Guide – Start Trading with RoseonX

RoseonX Guide – Start Trading with RoseonX

This is a simple guide on how to get started on RoseonX. The available trading pairs on RoseonX Beta Mainnet are as follows:

  • Spot Trading Pairs: $ROSX/USD, $NAKA/USD, $WINR/USD, $MYRIA/USD, $SQR/USD and $XAI/USD
  • Perpetual Trading Pairs: $BTC/USD, $ETH/USD, $ARB/USD, $BNB/USD, $MATIC/USD, $XRP/USD, $SOL/USD, $LINK/USD, $OP/USD, $CYBER/USD, $MEME/USD, $DYDX/USD, $LQTY/USD, $ORDI/USD, $1000SATS/USD, $XAI/USD and $MANTA/USD

Set up Account

Users can set up their account on RoseonX by connecting a supported wallet.

RoseonX is now live on Arbitrum and Polygon zkEVM, so make sure to switch to the chain you want to trade on.

Collateral is in USDC.e (Arbitrum) for trading on Arbitrum, and USDC.e (Polygon zkEVM) for trading on Polygon zkEVM.

    roseonx-set-up

    Open a Position

    Step 1: Choose the direction of the leverage position you would like to open: Long/Short.
    Step 2: Select an order type. RoseonX offers 4 types of order:

    • Market: Order will be executed to buy or sell at the best available price
    • Stop Market: A market order will be activated when price reaches the stop price
    • Limit: Order will fill at a set price or better
    • Stop Limit: Order combines a stop trigger and a limit order. A limit order will be activated when price reaches the stop price

    Step 3: Enter collateral amount and select leverage size.
    Step 4: Click “Long” (if you open a long position) or “Short” (if you open a short position).

    roseonx-open-position-zkevm

    Edit Collateral

    Step 1: Click the pen symbol and select the “Edit Collateral” option, then a pop-up window will show up, allowing you to either add or remove from your position’s current collateral.
    *Note: Keep in mind that when editing collateral, leverage will change.
    Step 2: Choose “Deposit/Withdraw” and enter an amount.
    Step 3: Click “Submit”.

    roseonx-open-position

    Add to Position

    Step 1: Click the pen symbol and select the “Add to Position” option, then a pop-up window will show up, allowing you to add to your current position size.
    *Note: Keep in mind that when adding to position, leverage will stay the same.
    Step 2: Enter an amount .
    Step 3: Click “Add”.

    roseonx-open-position

    Edit Stop Loss (SL) or Take Profit (TP)

    Step 1: Click the pen symbol and select the “”Edit SL/TP”” option, then a pop-up window will show up, allowing you to edit SL/TP.
    Step 2: Enter an amount.
    Step 3: Click “Submit”.

    roseonx-open-position

    Add Trailing Stop

    Step 1: Click the pen symbol and select “Add Trailing Stop”, then a pop-up window will show up, allowing you to add trailing stop
    Step 2: Enter Close Qty or choose Close percent
    Step 3: Choose to set trailing stop by “Percent” or “Amount”
    Step 4: Enter an amount in “Trailing Percent” or “Trailing Amount” box
    Step 5: Click “Add”

    roseonx-open-position

    Close a Position

    Step 1: Select the “Close” option by clicking the bin symbol.
    Step 2: Partially or fully close a position by entering “Close Qty” or choosing “Close percent”.
    Step 3: Click “Close”.

    roseonx-open-position

    X Daily 

    Step 1: Click “Check-in” for X Daily to pop up.
    Step 2: Answer quiz/play games
    Step 3: Verify to receive rewards by filling out your email address. If you are RoseonApp user, please make sure you fill out your registered email on RoseonApp to sync your Rose points.
    Step 4: Click “Get Code” and fill out the code sent to your email box
    Step 5: Click “Submit”

    roseonx-open-position

    X Challenges 

    Step 1: Navigate to the “X Challenges” box at the bottom of the right corner.
    Step 2: Click to view challenges.
    Step 3: Complete challenges and claim Rose points for $ROSP airdrop in the future (Rose points will be converted into $ROSP)

    Risk Warning

    Trading cryptocurrencies or other digital assets is a highly risky activity. Please be sure to do your own research and be aware of the associated risks.

    RoseonX Mainnet FAQ

    1. I cannot close position, it says "Close Failed execution reverted: Vault: Max leverage exceeded"

    This means you are using our max leverage which is 50x. If you close partially, this can change the leverage based on your position (loss or win) and make the leverage after closing higher than 50x, so you cannot close.
    This is not a bug. This is to prevent the leverage exceed our max leverage.

    2. I cannot open new position, it says "Max OI per asset/size exceeded"

    OI means Open Interest. This is a limit liquidity that we allow to open a trade. It is to minimize the risk for the platform, and it is not a bug too.

    3. What is cooldown for normal liquidity providers?

    Normal liquidity providers will have 30 days cooldown every time they mint ROLP, which means they cannot redeem ROLP within 30 days.

    4. What is X Challenges?

    We have 8 challenges available in the DEX. It will automatically track your progress. If it it not updated, try to disconnect, reload page and connect again. Make sure you sign the message popup on MetaMask too.

    5. The chart does not show correctly

    If the chart does not show correctly, it means you either have cache or data is not filled up yet, try to switch to another time frame and switch back, it will automatically get the data again.

    6. What to do to receive Rose points after complete a challenge or a quiz?

    To receive points after you complete a challenge or a quiz, you need to link you email. It’s better to use Roseon account email to link with your old account.

    7. What cryptocurrency is used for collateral on RoseonX?

    Our collateral is USDC.e. Make sure you use the right one.

    8. What is the requirement when vesting eROSX?

    To vest eROSX (which mean convert eROSX to ROSX), you need to stake ROSX. For example, staking 100 ROSX give you a permission to vest 100 eROSX. Vesting eROSX does not generate rewards.

    9. Does staking ROSX, eROSX or ROLP get revenue share?

    Staking ROSX, eROSX, and ROLP will not generate USDC as reward at when we launch. After we started to get fee, USDC will be started to be distributed.

    10. I opened/closed an order, but it doesn't show

    If users open or close an order but it doesn’t show, please send us transaction hash.

    About Roseon

    Roseon brings crypto adoption through user experience and gamification. Roseon currently has two products: RoseonX, a gamified perp DEX and RoseonApp, a 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 Moon Mission Airdrop: Tweet, Register, Refer & Reap!

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    In celebration of our upcoming Official Release, we are thrilled to announce our airdrop campaign, an exciting opportunity to engage and earn rewards. This campaign aims to provide participants with an engaging opportunity to not only explore the platforms’ features but also earn rewarding incentives along the way.

    Guide to Transfer ROSN from CEXes to Metamask

    Guide to Transfer ROSN from CEXes to Metamask

    How to Create a Metamask Wallet

    1.  Download Metamask Wallet

    Go to https://metamask.io/ and click on “Download”. Choose your preferred browser or mobile application and install the MetaMask extension.

      register-roseon-app

      2. MetaMask wallet installation

      • Click on the MetaMask extension and click on “Get Started”.
      • You can either import an existing wallet using the seed phrase or create a new one.
      register-roseon-app

      3. Create a new MetaMask wallet

      Click on “Create a new wallet” and on the next window click on “I agree” if you would like to help improve MetaMask or click on “No thanks” to proceed.

      google-authenticator-roseonapp

      4. Create a strong password for your wallet.

      5. Secure your wallet with seed phrase

      Your Secret Recovery Phrase is a 12-word phrase that is the “master key” to your wallet and your funds

      Click on “Reveal Secret Recovery Phrase” 

      Write down this 12-word Secret Recovery Phrase and save it in a place that you trust and only you can access.

      Never, ever share your Secret Recovery Phrase, not even with MetaMask!

      security-verification-roseonapp

      Click on “Next”

      6. Confirm your Secret Recovery Phrase

      Confirm your Secret Recovery phrase by typing missing words in the order in which the words were presented on the previous screen. Click on “Confirm” to proceed.

      Congratulations on creating successfully your Metamask wallet

      metamask_wallet_creation

      Transfer ROSN from CEX to Metamask

        1. Change network to BNB Smart Chain 

        Click the network dropdown menu -> click the ‘Add network’ button -> Add “BNB Smart Chain

        deposit-rosn-roseonapp

        2. Import ROSN into Metamask

        Go to the ‘Assets’ tab in MetaMask and click ‘Import tokens’
        -> Paste 0x651cd665bd558175a956fb3d72206ea08eb3df5b into the ‘Token Contract Address’ field
        -> Wait a few seconds for the other fields to be automatically populated (“ROSN” for Token Symbol and “18” for Token Decimal), and then click the ‘Add custom token’ button
        -> Confirm the import by clicking the ‘Import tokens’ button

        3. Copy deposit address on your Metamask wallet

        security-verification-roseonapp

        4. Go to Kucoin/MEXC/Gate and withdraw to the address you’ve just copied

        Congratulations on sending ROSN from Kucoin/MEXC/Gate to Metamask wallet.

        deposit-rosn-roseonapp

        Risk Warning

        Trading cryptocurrencies or other digital assets is a highly risky activity. Please be sure to do your own research and be aware of the associated risks.

        About Roseon

        Roseon brings crypto adoption through user experience and gamification. Roseon currently has two products: RoseonX, a gamified perp DEX and RoseonApp, a 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 Moon Mission Airdrop: Tweet, Register, Refer & Reap!

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        In celebration of our upcoming Official Release, we are thrilled to announce our airdrop campaign, an exciting opportunity to engage and earn rewards. This campaign aims to provide participants with an engaging opportunity to not only explore the platforms’ features but also earn rewarding incentives along the way.

        Guide to Transfer ROSN from CEXes to RoseonApp

        Guide to Transfer ROSN from CEXes to RoseonApp

        How to Register RoseonApp

        1.  Register Roseon account with your email address, then click Get Code. Paste the code you receive in email and click Next.

          register-roseon-app

          2. Set your password

          • Make sure you add Invitation Code if you are joining Referral Rewards Program.
          • Then select “I have read and agree to Terms of Use and Privacy Policy” and click OK.
          register-roseon-app

          3. Complete your Security Verification:

          – Download and Install Google Authenticator app (or Authy).
          – Then copy and backup your Backup Code
          – Paste it to Google Authenticator app to receive GA codes (picture 4).

          ❗️If you lost your key, kindly send an email to [email protected] with your information so we can help

          google-authenticator-roseonapp

          4. Use the codes in GA app & email codes to complete security verification!

          Now your registration process is complete!

          security-verification-roseonapp

          Transfer ROSN from CEX to RoseonApp

          1. At Home screen, click on ‘Deposit’, search for ROSN

          deposit-rosn-roseonapp

          2. Copy your ROSN address on RoseonApp

          security-verification-roseonapp

          3. Go to Kucoin/MEXC/Gate and withdraw to the address you’ve just copied

          Congratulations on sending ROSN from Kucoin/MEXC/Gate to Roseon App.

          deposit-rosn-roseonapp

          Risk Warning

          Trading cryptocurrencies or other digital assets is a highly risky activity. Please be sure to do your own research and be aware of the associated risks.

          About Roseon

          Roseon brings crypto adoption through user experience and gamification. Roseon currently has two products: RoseonX, a gamified perp DEX and RoseonApp, a 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

          Roseon Moon Mission Airdrop: Tweet, Register, Refer & Reap!

          Roseon Moon Mission Airdrop: Tweet, Register, Refer & Reap!

          In celebration of our upcoming Official Release, we are thrilled to announce our airdrop campaign, an exciting opportunity to engage and earn rewards. This campaign aims to provide participants with an engaging opportunity to not only explore the platforms’ features but also earn rewarding incentives along the way.

          RoseonPass – Your gateway to various valuable privileges

          RoseonPass – Your gateway to various valuable privileges

          roseonpass-nft

          Description:

          Introducing RoseonPass, an exclusive Arbitrum based NFT membership-card that provides users with unparalleled access to the Roseon ecosystem including RoseonX, a Gamified Derivatives Exchange, and RoseonApp, a mobile app for crypto trading and earning.

          The collection consists of three different rarity tiers, each representing a different level of benefits and privileges. As a RoseonPass holder, you are always at the forefront of the action, with access to exciting opportunities that come with being among the first to try new features and offerings.

          Join the thriving RoseonPass community and be part of the future of decentralized finance.

            Whitelist Sale

            We’ve given away WL spots of RoseonPass NFT Sale through multiple events across social platforms, and through Roseon partners and KOLs. WL spots are limited and NOT overallocated. The NFT sale for all whitelisted wallets will take place at 10 AM UTC on March 24th, 2023 and last for 1 hour. Remaining NFTs will be sold in the public sale.

            Public Sale

            For all non-whitelisted participants, you have a chance to mint an NFT too. Minting will start at 11 AM UTC and end at 5 PM UTC on March 24th. The sale will last for 6 hours. The supply is limited by time and our community will decide how many NFTs will be in circulation.

            The price for whitelist sale and public sale will be $100 USDC, each wallet is limited to minting only 1 NFT.

            Please bookmark the minting page: https://roseonpass.roseon.world/.

            Whitelist Sale vs Public Sale:

            Whitelist: Guaranteed slots – 1 hour duration – March 24th 10 AM – 11 AM UTC – 24 hours early access to genesis LP

            Public: 6 hours duration – March 24th 11 AM – 5 PM UTC

            Rarity diversity:

            RoseonPass will be divided into three different rarity categories:

            • Rare = 18% of total minted NFTs
            • Uncommon = 28% of total minted NFTs
            • Common = 54% of total minted NFTs

             The rarity of all minted NFTs will be revealed 24 hours after the beginning of the WL sale, which is on March 25th at 10 AM UTC.

            RoseonPass Utilities:

            • Higher referral bonus on RoseonX (no accumulated bonus)
              – Rare: 1% Referral Bonus
              – Uncommon: 0.5% Referral Bonus
              – Common: 0.25% Referral Bonus
            • Lower fees on RoseonX and Roseon App (no accumulated bonus)
              – Rare: 1% fee discount
              – Uncommon: 0.5% fee discount
              – Common: 0.25% fee discount
            • WL for all IDOs/ INOs on Roseon Launchpad (while you’re holding NFT)
            • Whitelist for RoseonX beta testing
            • Early Access to Genesis Pool of RoseonX
              – Whitelisted participants will have 24 hours earlier access to Genesis Pool than non-whitelisted participants.
            • Guaranteed airdrop based on rarity
              – Airdrop for NFT holders will be up to $50 worth ROSX tokens based on each rarity.

            RoseonPass FAQ

            1. How can I mint NFT?

            Visit https://roseonpass.roseon.world/ and connect your Metamask wallet. If you are a WL, you can mint 1 hour before public sale. Price for both WL and public is 100 USDC.

            2. What wallet can I use to buy RoseonPass?

            RoseonPass minting page allows you to mint only with a Metamask wallet.

            3. When will I see the rarity of my NFT?

            We will update rarity 24 hours after the public sale which is March 25th 10AM. 

            4. Where will the NFT collection be listed?

            The NFT collection will be listed on OpenSea. Once your wallet is connected to OpenSea, your NFT will appear in your own OpenSea profile.

            5. What's the benefit of whitelisted participants?

            Whitelisted participants will have guaranteed slots, and they also have 24 hours earlier access to Genesis Pool than non-whitelisted participants.

            The genesis pools will be divided into tiers.

            If you get early access, you can join the pool early and get higher reward. Since those pools will have limited time and limited deposit.

            Example:

            1st pool will have limit 500K in 4 days with reward rate is 0.6. After it is full, we will open the next one with lower reward.

            2nd pool will have limit 1.5M in 4 days and reward rate can be 0.4

            So the early you are in, the bigger reward you can get.

            About Roseon

            Roseon brings crypto adoption through user experience and gamification. Roseon currently has two products: RoseonX, a gamified perp DEX and RoseonApp, a 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

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            Roseon Moon Mission Airdrop: Tweet, Register, Refer & Reap!

            In celebration of our upcoming Official Release, we are thrilled to announce our airdrop campaign, an exciting opportunity to engage and earn rewards. This campaign aims to provide participants with an engaging opportunity to not only explore the platforms’ features but also earn rewarding incentives along the way.

            ROSX Migration Guide

            ROSX Migration Guide

            Update: Migration portal is closed. If you need help with migration, please send an email to [email protected].

            Purpose:

            The purpose of the document is to migrate $ROSN tokens to the new $ROSX token.

            Background:

            On January 10, 2023, we announced the introduction of RoseonX, a new Gamified Derivatives Decentralized Exchange. After witnessing the collapse of big platforms such as FTX, DeFi protocols like LUNA, BlockFi, Celcius, and many others, we saw an opportunity to fill a gap in the market by expanding our Dapp-based ecosystem with a Perp DEX.

            RoseonX will bring more utility to our native token and give power back to our community through a fair governance model. We will also be migrating our entire ecosystem to Arbitrum, the fastest DeFi chain with a thriving community. With any new platform expansion, we will need more funding to support the DAO, marketing, development, and growth efforts. The introduction of a new token ($ROSX) with new tokenomics will help us address these needs without the need for VC funding and provide the project with long-term sustainability.

            Check the RoseonX Whitepaper v2 for more details on the new DEX.

              ROSX Tokenomics

              roseon-new-ecosystem

              Migration Overview

              Migration Timeline

              All trading on CEXes and DEXes for $ROSN will suspend on March 28 at 9:00 AM (UTC) and migration will happen on April 5 at 9:00 AM (UTC)

              RoseonX_timeline

              Migration Summary (Updated April 18, 2023) 

              • March 28, 2023, 9:00AM (UTC) All CEX/DEX trading will suspend for $ROSN token
              • April 5, 2023, 9:00 AM (UTC) is the official migration date and time.
              • The token swap ratio is 1 $ROSN for 1 $ROSX.
              • Tokens held in RoseonApp including tokens being staked, farmed, unstaked will be swapped automatically. You DO NOT need to do anything in the RoseonApp.
              • After in-app migration is completed (9 AM UTC on April 5), you cannot transfer ROSN to RoseonApp for automatic migration anymore (https://t.me/Roseon/470281/516998). Kindly migrate through our Migration Portal instead.
              • The deadline for the Migration is 9 AM UTC May 31st.
              • Tokens held in CEXs (Kucoin, Gate, MEXC) you must withdraw your $ROSN tokens, you can store them in your RoseonApp wallet or MM wallet. Centralized Exchanges will cease trading of $ROSN token on March 28.
              • Tokens held in Metamask wallet, you will need to use the Migration Portal to manually swap your tokens.
              • LP tokens on PancakeSwap need to be removed manually from LP before March 28th 9:00 AM (UTC). If you have LP tokens in RoseonApp, please withdraw the LP tokens from the App, and remove your liquidity manually on PancakeSwap.

              Migration Guide For MetaMask Wallet Users

              Please follow the following steps to migrate your $ROSN tokens to $ROSX through our Migration Portal (migrate.roseon.world)

                1. Go to the migration portal: migrate.roseon.world

                roseon-roadmap

                2. Connect to your Meta Mask wallet

                roseon-roadmap

                3. Enter the amount of $ROSN to convert

                roseon-roadmap

                4. Convert $ROSN to $ROSX

                roseon-roadmap

                5. Your migration was successful.

                Add the new token to your Metamask wallet to view your $ROSX balance.

                ROSX Token Contract: 0xd6c0156E85deCdF2983c7A2c4A3015eD268d6f8A

                roseon-roadmap

                Migration FAQ

                1. How will the migration work with ROSN staked in RoseonApp?

                All of ROSN (staked or unstaked) in RoseonApp will be migrated automatically.

                2. Are ROSN in exchanges and external wallets migrated automatically?

                Only $ROSN in RoseonApp will be migrated automatically. For $ROSN tokens held on CEXs such as Kucoin, Gate and MEXC, you will need to send your tokens to the the RoseonApp for auto migration or send them to your own MM wallet for manual migration using the migration portal.

                Kindly note that you cannot transfer ROSN to RoseonApp for automatic migration after in-app migration is completed (9 AM UTC April 5).

                3. What is the conversion rate?

                ROSN will be migrated to ROSX at the ratio 1:1.

                4. What is the migration portal link?

                It’s migrate.roseon.world, but it’s not live yet. Kindly follow our social channels to get updated as soon as possible

                ⏩ Twitter @RoseonExchange

                5. When will the migration take place?

                April 5, 2023. Check our Twitter page for up-to-date details.

                6. What happens if I miss the migration and $ROSN was delisted?

                CEXes will suspend $ROSN trading but you have 2 months to withdraw your tokens from the exchanges. Our Migration Portal will be available until 9 AM UTC of May 1st, so we encourage all of our ROSN holders to complete their migrations before the deadline to avoid any potential inconvenience.

                7. Why increase total supply?

                #1  With expanded line of products, we need funding to support the expansion of our ecosystem, the funds are for rewards, marketing, liquidity, DAO and future tier 1 investors, specifically exchanges.

                #2 The circulating supply remains the same. The supply increase does not have an immediate impact, they are slowly released into circulation. Current supply remains the same and therefore price and market cap stays the same. But the new DEX provides revenue opportunities and brings fire back to the project.

                8. What are ROSX’s utilities?

                ROSX’s utilities can be found at RoseonX Whitepaper.

                9. Where can I read the Whitepaper for RoseonX?

                Here is the link: https://roseon.gitbook.io/roseon-whitepaper-2.0/

                Risk Warning

                Trading cryptocurrencies or other digital assets is a highly risky activity. Please be sure to do your own research and be aware of the associated risks.

                About Roseon

                Roseon brings crypto adoption through user experience and gamification. Roseon currently has two products: RoseonX, a gamified perp DEX and RoseonApp, a 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

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                In celebration of our upcoming Official Release, we are thrilled to announce our airdrop campaign, an exciting opportunity to engage and earn rewards. This campaign aims to provide participants with an engaging opportunity to not only explore the platforms’ features but also earn rewarding incentives along the way.

                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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