KTX.finance is a decentralized derivative exchange powered by a hybrid multi-asset liquidity pool comprised of 50% stablecoins ($BUSD and $USDT) on one side and 50% assets ($BTC.B, $WETH, and $BNB) on the other. Traders can benefit from up to 50x leverage entirely on-chain, while liquidity providers can benefit from a high and sustainable yield paid out in $BNB tokens. This one-of-a-kind design, combined with a self-built custom oracle, allows traders to trade with no slippage and no price impact.
KTX.finance makes use of a custom oracle to compute the median price of assets from seven different CEXs. The liquidity of $BTC, $ETH, and $BNB is extremely deep, and the distributed dataset across the 7 CEXs makes oracle manipulation extremely difficult.
A protocol developed by the community
There are many DEXs launching on other days, but what sets KTX.finance apart is the following:
1. On the BNB Chain, there are few on-chain derivatives trading platforms that reward liquidity providers with real yield.
2. KTX.finance will have a significant head start thanks to the support of BNB Chain and other leading investors.
3. KTX.finance is built for the long term and is the only perpetual DEX on the BNB Chain that pays out liquidity providers in $BNB. Other projects are paying out yield in native tokens to attract users with unsustainable high yield. KTX.finance has a well-planned pipeline of “DeFi lego blocks” that will provide enormous value to users. Through social trading and extensive integration with other BNB Chain DeFi protocols, KTX.finance seeks to protect liquidity providers by reducing open interest skew and asset volatility risk.
4. KTX.finance listens and strives to improve the UI/UX for traders by incorporating TradingView charts and complex orders. Complex Orders would enable traders to open a position, take profit, and place a stop loss with a single click.
5. The KTX.finance perpetual DEX is the first to implement Dynamic Fees for opening and closing orders based on asset utilization. Traders can be confident that our trading fees are the lowest in the market.
After several iterations, KTX.finance believes that the current token distribution and token release schedule will ensure that KTX.finance is a “community-owned” protocol in the long run.
Perpetual Testnet KTX.finance until Mainnet Launch
KTX.finance is currently running a Testnet perpetual airdrop campaign. KTX.finance has reached $1 billion in trading volume on Testnet in less than three weeks and has over 1.6k users (each BSC Testnet network faucet is 50k BUSD) on board. KTX.finance currently has over 4,000 unique users participating in the Testnet.
Perpetual Airdrops from KTX.finance
Early testers will receive $KTX token airdrops from KTX.finance. Users who traded on the KTX.finance testnet actively during the testing period are eligible to claim KTX.finance gachapon boxes. When KTX.finance launches their tokens soon after Mainnet launch, which will occur around mid-March 2023, KTX.finance gachapon boxes can be opened for KTX.finance tokens.
To claim the package, eligible users who participated in the entire KTX.finance Testnet period must place a perpetual trade with 100 BUSD as collateral within 14 days of Mainnet launch. This 14-day window for claiming rewards begins only after KTX.finance is launched on Mainnet and a perpetual trade is placed and filled.
This airdrop mechanism ensures that traders who actively use KTX.finance will receive the most tokens and have the most control over the protocol.
The airdrop will favor traders who actively tested KTX.finance. In the long run, we believe a weighted distribution of $KTX.finance tokens will benefit the protocol.
KTX.finance The testnet page is located at https://testapp.ktx.finance/#/trade.
1. Visit the claim page for the KTX.finance airdrop.
2. Link your BNB wallet.
3. If you qualify, you will be able to obtain free KTX.finance packages.
4. Users who have traded actively on KTX.finance are eligible for free KTX.finance packages.
5. When the $KTX tokens are released in Q1 2023, KTX.finance packages will be available for purchase.
6. To claim the KTX.finance packages, eligible Testnet users must place a perpetual trade with 100 BUSD as collateral within 14 days of Mainnet launch.
Connect with KTX.finance
- Website: https://www.ktx.finance/
- Twitter: https://twitter.com/KTX_finance
- Telegram: https://t.me/KTX_officials
- Discord: https://discord.gg/ktRKANB9wR
- Deck: https://docsend.com/view/j9wd585trjrb8kni
- Doc: https://docs.ktx.finance/
- Medium: https://medium.com/@ktxfinance