X10 Mainnet Launches, Outlining Telegram Mini-App for Trading
2024年8月5日 - 8:00PM
X10, a hybrid perpetuals crypto exchange developed by former
Revolut employees, announces its launch on the Mainnet today. It’s
a step towards the company’s mission to provide an unparalleled
trading experience while ensuring self-custody and transparency to
the broadest crypto audience.
X10 Mainnet outlines four ambitious goals in its roadmap going
forward. On Mainnet, X10 will offer exceptional trading
capabilities, fostering direct adoption by the widest crypto
audience and enhancing liquidity:
- X10 is developing an intuitive trading mini-app for Telegram,
offering seamless trading directly within the messaging app. The
mini-app will include all the markets available at the X10
exchange. All the orders and trades within the app will be handled
via X10’s order book. With the Telegram ecosystem aiming to
reach 1 billion users by the end of the year, this app
will provide streamlined access to crypto trading for all those
millions of users entering the market in 2024.
- To improve liquidity, X10 elevates relationships with market
makers. Rather than engaging in side deals with selected market
makers, which creates information asymmetry and worsens conditions
for traders, X10 offers a transparent and fair market maker program
open to all. All participants can compete for a share of the
rewards pool, with market maker rankings displayed on a leaderboard
that updates live.
- X10 will be working with global fintech players to provide
unparalleled on/off-ramping solutions, which are crucial
for onboarding new users on-chain.
- X10 is expanding its go-to-market strategy by building an
affiliate program inspired by successful CeFi models. The program
will feature a multi-level referral program and a separate platform
with advanced analytics for affiliates.
Apart from the stated product roadmap, X10 stands out with its
unique hybrid and settlement architecture, which combines the best
of both CeFi and DeFi worlds. It offers a CeFi-like user experience
and execution speed, while providing transparency and safety
through self-custody, on-chain trade settlement, and validations of
the trading logic.
As a result, X10 can process tens of thousands of orders per
second with latency under 10 ms while remaining fully trustless,
significantly outperforming all existing hybrid exchanges. To
battle-test its unique architecture and refine the product based on
user feedback, X10’s testnet went live in early May, resulting in
over 290,000 trades within three months. During this phase, users
actively participated in bug reporting and feature requests. The
promising performance of X10’s hybrid architecture during the
testnet phase led to its transition to the mainnet.
In the beginning, access to the mainnet will be invite-only. X10
will permit all users who were active during the testnet phase for
its closed mainnet, and these users will be able to earn and share
up to seven referral codes. Additionally, invite codes can also be
obtained through project partners distributing codes on X or X10’s
Discord server.
“The launch of our mainnet represents a pivotal moment in our
mission to deliver the ultimate on-chain trading experience," said
Ruslan Fakhrutdinov, CEO and Founder of X10. "Our next focus, among
other things, is developing the Telegram trading app, which will
cater not only to seasoned crypto traders but also to newcomers
embarking on their trading journey."
AboutX10 was founded by Revolut's former Head of Crypto
Operations and other senior members of the Revolut team, including
the former Tech Lead of the recently launched Revolut X. From
day one, X10 has aimed to bring the CeFi trading experience to DeFi
by prioritizing traders' needs.
For more information, please
visit https://x10.exchange/
Paul
PR Manager
paul(at)ma.family