FXDX is a decentralized exchange that provides a robust trading platform for perpetual futures and swaps. What sets it apart is its unique features of zero price impact, zero spread, and zero trading fees. This offers users a powerful and cost-effective trading experience.
What Exactly is FXDX?
FXDX serves as a decentralized exchange. It delivers a compelling trading environment for perpetual futures and swaps. Its distinguishing features include zero price impact, zero spread, and zero trading fees, providing users with a potent and cost-effective trading experience. Users also have the option to engage as liquidity providers, earning platform rewards and sharing in trader profits and losses. FXDX promotes flexibility by allowing users to function as traders, liquidity providers, or both, facilitating efficient risk management.
FXDX extends this flexibility to users of all experience levels, catering to both novice and seasoned traders. The platform offers a best-in-class trading experience with zero price impact, zero trading fees, and zero spreads.
For liquidity providers (LPs), FXDX provides a robust oracle pricing system equipped with battle-tested outlier detections. LPs can benefit from real-yield distribution, stable rewards, and the ability to supply or remove liquidity on a single side. Additionally, LPs can cash out rewards in any asset present in the pool, adding another layer of versatility to their engagement with the platform.
What Are The Features of FXDX?
Explore the key features that set FXDX apart:
- Zero Trading Fees: FXDX employs a zero trading fees model, eliminating any opening and closing fees for positions, regardless of their size.
- Powerful UI: Traders benefit from a robust and advanced trading terminal, providing a powerful user interface for seamless trading experiences.
- Stablecoin Rewards: All fee rewards on FXDX are allocated to stablecoin assets, ensuring liquidity providers (LPs) receive returns free from volatility.
- Multi-asset Reward Redemption: LPs enjoy flexibility in selecting the specific asset or token from the pool in which they wish to receive their rewards.
- Advanced LP Management: FXDX facilitates seamless tracking of rewards and liquidity for liquidity providers, streamlining their management process.
- Lowest Funding Fees: FXDX imposes a flat funding fee on all losing positions, enabling traders with losses to maintain positions for an extended period without facing liquidation.
- Socialized Profit Model: FXDX charges a small commission only from the absolute profits of traders in profit. A slight increase in funding fees is then redistributed among other traders in profit, with the remainder shared with Liquidity Providers, ensuring fair compensation and reducing counterparty risk.
- Robust Oracle with Blackbox Pricing: FXDX’s on-chain oracle, fortified with an advanced detection algorithm, guarantees transparent and fair pricing. The black box function secures pricing against manipulation, even by the FXDX team after deployment.
- Zero-Spread & Zero-Impact Execution: Thanks to the robust Oracle and passive LP structure, FXDX enables traders to execute trades with zero spread and zero pricing impact, providing equal benefits to traders regardless of trade size.
- Multi-Collateral Option: Traders can use any asset from those under composition as collateral to open positions and redeem collateral and profits in any asset under composition. This multi-collateral option enhances flexibility for traders on the platform.
Use Cases of FXDX Token
FXDX serves as the versatile governance token for the platform, offering a range of utilities:
- Governance & Voting: FXDX tokens enable participation in governance activities, allowing holders to vote on platform-related decisions.
- Fees Discounts on Staking (Coming Soon): In the near future, FXDX holders can anticipate fee discounts on staking activities.
- Staking Rewards: Users can stake FXDX on the platform to earn rewards, enhancing the incentive for active participation.
- Escrowed FXDX (esFXDX): Escrowed FXDX represents FXDX tokens linearly vested over 1 year. This mechanism facilitates the distribution of token rewards to early adopters, stakeholders, and contributors without causing market disruptions. This strategy aims to incentivize early users expected to transition into long-term platform supporters. Each esFXDX holds the same value as FXDX. To ensure fair distribution and discourage bad actors, all esFXDX must be vested in the Vesting Vault over the 1 year.
- Staking: Users have the option to stake both FXDX and esFXDX on the platform, unlocking various benefits, including:
- Earning Escrowed FXDX
- Accumulating Multiplier Points (additional details available)
- Multiplier Points: Multiplier Points serve as rewards for long-term stakers of FXDX and esFXDX, with additional information provided separately.
- Revenue Share for FXDX Stakers: FXDX stakers are entitled to a reward equivalent to 25% of the platform’s gross revenue in esFXDX.
- Claiming and Vesting esFXDX: Users can claim their escrowed FXDX and choose to:
- Stake to earn rewards like FXDX
- Vest to receive actual FXDX linearly daily over 365 days
- Stake to acquire more esFXDX.
Where to buy FXDX Token
You can find FXDX Tokens here at MEXC! We are listing FXDX/USDT in our Innovation Zone!
What is the Price of FXDX Tokens?
The FXDX Token is currently trading at MEXC with a live price of $0.01519. You can check the live price of their token right here!
How to buy FXDX Tokens on MEXC
You can buy FXDX Tokens on MEXC by following the steps:
- Log in to your MEXC account. Click on [Spot].
- Search “FXDX” using the search bar to see the available trading pairs. Take FXDX/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of FXDX you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy FXDX] to confirm your order. You will find the purchased FXDX in your Spot Wallet.
You can find a detailed guide on how to buy FXDX Tokens here.
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