RabbitX: Trade and Earn with Decentralized Pepertuals

RabbitX is a premier perpetuals decentralized exchange (DEX) in the world of decentralized finance (DeFi) offering zero trading fees. It offers a comprehensive suite of derivatives for various global asset classes, including cryptocurrencies, and aims to be the most secure and liquid global derivatives network. 

In this article, we will discuss what RabbitX is, explaining RabbitX perpetuals, the native token of RabbitX - "RBX," its tokenomics, the history of RBX, its features, and the value of the RBX token. We will conclude the article by providing concise guidance on purchasing RBX tokens.

What Is RabbitX?

RabbitX is an innovative decentralized permissionless perpetual exchange built on Starknet, designed to revolutionize the derivatives trading landscape. As a derivatives decentralized exchange (DEX), RabbitX aims to provide users worldwide with secure and liquid access to global markets 24/7. RabbitX combines advanced Zero-Knowledge (ZK) infrastructure, a robust risk engine, and an intuitive user interface. With RabbitX, traders can enjoy 24/7 market trading with up to 20x leverage while benefiting from the security of Ethereum. The platform utilizes state-of-the-art, low-latency ZK-STARK technology on the Ethereum blockchain, ensuring unparalleled speed, maximum security, and zero gas fees for a seamless trading experience.

RabbitX redefines the financial system by offering essential features such as price transparency, instantaneous settlements, and automated clearing for derivatives trading. With RabbitX, traders gain access to a range of advantages, including milliseconds latency, zero gas trading, 20x leverage, orderbook liquidity, and 24/7 customer support. The platform caters to global markets, including FX, commodities, and interest rates, providing an exceptional trader-focused user interface.

Beyond its signature perpetual futures, RabbitX has ambitious plans for introducing exotic crypto-native derivatives, interest rates, FX trading, and more as part of its roadmap, further enriching the derivatives trading ecosystem.

The core purpose of RabbitX is to accelerate the development of a global, open, and transparent financial system by facilitating fair and open access to markets. The vision of RabbitX revolves around creating the most robust, secure, and liquid global derivatives network through technology. Today's financial infrastructure is often outdated, costly, and inefficient. RabbitX seeks to disrupt the status quo by offering enhanced features like price transparency, instant settlements, and automated clearing, all fortified by the best blockchain technology available. With RabbitX, the aim is to redefine the way global derivatives are traded, empowering users with a streamlined, secure, and user-friendly platform for a seamless trading experience.

How Do RabbitX Perpetuals Work?

Perpetuals on RabbitX are a type of financial derivative that enables traders to speculate on the future price movement of an asset, with the added benefit of leverage. Unlike traditional futures, perpetuals never expire, making them a DeFi-native product. The key components of a perpetual are the "mark," representing the current market price, and the "index," indicating the spot price of the underlying asset.

To ensure that the perpetual price aligns with the underlying asset's price, RabbitX employs funding rates. When the perpetual is trading above the index, traders with long positions pay traders with short positions based on the deviation between the perpetual price and the index, resulting in a "positive funding rate." Conversely, when the perpetual trades below the index, traders with short positions owe payments to longs, with the payment amount determined by the extent of the deviation, known as a "negative funding rate".

RabbitX's perpetuals offer greater capital efficiency, allowing traders to use up to 20x leverage, making it possible to capture price movements with less capital. The funding rate is influenced by the demand for leverage and the concentration of traders in one direction, with larger deviations leading to higher funding rates.

What Is RBX Token?

RBX serves as the native token of the RabbitX platform, empowering various features and services on the platform. These include the capability to create and manage automated trading strategies, streamlining cryptocurrency trading without manual interventions. RBX tokens are also utilized for paying gas fees, ensuring seamless and cost-effective transactions on RabbitX. Users have the opportunity to stake RBX tokens and rewards in the form of RBX tokens, further incentivizing participation and engagement.

RBX token holders are bestowed with governance rights, allowing them to actively participate in shaping the RabbitX platform's future. Token holders can cast votes on crucial decisions, such as the addition of new platform features. The value of RBX is intrinsically linked to its utility within the RabbitX ecosystem.

RBX Tokenomics

RBX Token Statistics

History of RabbitX

RabbitX was established in 2021 by a highly skilled and experienced team of builders, accomplished derivatives traders, and successful portfolio managers. Initially known as Strips Finance, the project started as a decentralized interest rate swaps exchange operating on the Arbitrum platform. However, the team's vision soon expanded, leading to a rebranding as RabbitX, with a renewed mission to offer a comprehensive suite of derivatives covering a diverse range of global asset classes.

Right from its inception, the RabbitX team has maintained a commitment to a first-principles approach in developing its products. This approach prioritizes the implementation of a robust risk engine, a design that caters to traders' needs, and the provision of powerful and innovative trading tools.

RabbitX has garnered significant support from some of the world's most prominent and successful investors, including Sequoia Capital US, Peak XV Partners (previously Sequoia India), Multicoin Capital, Crypto.com, OKX Ventures, and others. The backing from such esteemed investors further solidifies RabbitX's position as a leading player in the derivatives space.

Features of RabbitX

Below are some of the features of RabbitX which make it an excellent choice to trade and earn with decentralized perpetuals.

1. Unparalleled Speed: RabbitX prides itself on being one of the fastest decentralized exchanges globally, catering to those who prefer swift transactions. The platform is based on a unique hybrid orderbook composition, combining the speed and efficiency of an off-chain orderbook with the security of on-chain settlements. RabbitX achieves milliseconds latency, which is up to 50 times faster than other on-chain derivatives platforms.
2. Scalable: Built on Starknet, a highly scalable blockchain leveraging ZK-rollup technology, RabbitX operates as a layer-2 network over Ethereum, allowing for the unlimited scale of computation and the cryptographic impossibility of fraudulent transactions.
3. Security: RabbitX prioritizes user security by building its platform on Ethereum, known for being one of the most secure networks in the cryptocurrency space. RabbitX transactions are settled on layer-2 Starknet before being securely broadcasted on layer-1 Ethereum. This ensures efficient scaling without compromising on security.
4. No Front Running: Operated independently and free from ownership by market-making firms, RabbitX offers users peace of mind with a no-front-running guarantee. Traders can execute orders without worrying about any front-running activities on the platform.
5. Zero Gas Fees: RabbitX introduces a game-changing feature by eliminating gas fees. Through its hybrid exchange, users can enjoy real-time trading without incurring any gas fees. Whether placing limit, market or stop orders, traders can execute transactions instantly without paying a single dollar in gas fees.
6. Risk Management: To safeguard both traders and the exchange from insolvency, RabbitX employs one of the most powerful risk engines. This robust risk management system ensures a secure trading environment for all participants.

What Is RBX Token Value?

The current price of RBX stands at $0.049 as of 22nd July 2023, and its value is intrinsically tied to its utility within the RabbitX platform. RBX tokens offer various functionalities that contribute to the platform's operations and reward its users. RBX tokens can be utilized to create and manage automated trading strategies, enabling seamless cryptocurrency trading without manual intervention. Users can also stake RBX tokens to earn rewards, distributed in the form of additional RBX tokens. RBX token holders possess governance rights, allowing them to participate in vital decisions concerning platform features.

The demand for RBX tokens corresponds to the growth of the RabbitX platform, as increasing user adoption leads to increased demand. Several factors can influence the value of RBX tokens. The platform's expansion and mainstream adoption of automated trading by investors are significant drivers of demand. The price fluctuations of Ethereum upon which RBX tokens are traded on can also impact RBX value. Given the inherent volatility of the cryptocurrency market, the value of RBX tokens may experience fluctuations in line with overall market conditions.

It is crucial to consider the volatile nature of RBX tokens, prompting investors to conduct thorough research before making any investment decisions concerning RBX tokens.

How to Buy and Trade RBX Tokens?

CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including RBX, users can now trade easily and seamlessly. To purchase RBX on CoinEx, follow the steps below.

1. Create an Account: Start by signing up for a CoinEx account.
2. Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
3. Navigate to RBX Trading Page: Once your account is funded, go to the dedicated RBX trading page on CoinEx. Here, you can find various trading pairs involving RBX tokens.
4. Choose a Trading Pair: Select the desired trading pair that matches RBX with another cryptocurrency. For instance, you may choose RBX/USDT if you wish to trade RBX against USDT (Tether).
5. Specify the Purchase Amount: Determine the quantity of RBX tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
6. Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order. 

By following these comprehensive steps, you can easily trade RBX on CoinEx, taking advantage of the available trading pairs.