Business News Report

ZKX Presents 'OG Trade' on Starknet to Enhance Crypto Trading and DeFi Experiences.

In Brief

ZKX has introduced OG Trade, an interactive perpetual swap exchange built on Starknet, aiming to enhance engagement in DeFi and streamline crypto trading.

DeFi platform ZKX OG Trade, a gamified perpetual swap exchange operating on Starknet – a zero-knowledge rollup, is geared towards invigorating the trading ecosystem. traders It's designed for traders focusing on rapid trading methods, including scalping (earning small profits from repeated trades) and swing trading (capitalizing on short to medium-term price volatility). Furthermore, it incorporates playful elements to spice up the trading experience.

Eduard Jubany Tur According to ZKX’s founder, he shared with Metaverse Post that participants can take part in 30-minute competitions, vying for $ZKX rewards, which perfectly suits our fast-paced, attention-scarce society.

Eduard Jubany Tur remarked, 'To gain traction during the mainnet launch, we rolled out the Clans NFTs, available for seasoned DeFi traders and DAO contributors from the Ethereum space. This initiative aims to attract a broader audience to Starknet.'

Eduard Jubany Tur stressed the significance of the ZXK Appchain in effectively scaling gasless DeFi solutions, noting that the tech resolves the challenges faced by high-speed DeFi ventures in Layer 2 contexts, where balancing the costs of scaling computations presents a real challenge.

The ZKX Appchain functions as a specialized public blockchain layer, providing a robust solution by scaling the orderbook and offering gasless DeFi features to users trading within its environment. Ethereum Retail traders often grapple with issues like fluctuating gas fees, prolonged transaction delays, and various on-chain complications, which frequently push them towards using centralized exchanges (CEXs) instead.

Eduard Jubany Tur from ZKX explained, 'By leveraging the ZKX Appchain's scalability, the integrated wallet featuring account abstraction, along with the gamification elements of OG Trade, we present an appealing alternative for these CEX users.'

After conducting their first testnet in 2023, the company realized that solely relying on smart contracts to elevate the protocol was inadequate. They recognized the challenges of executing algorithmic computations and managing orderbooks on-chain. This insight led them to appreciate the necessity of standalone infrastructure that can independently scale while being harmoniously connected to the broader ecosystems of Starknet and Ethereum. Such revelations greatly influenced the design and functionalities of OG Trade.

Making DeFi Trading Easier with OG Trade

OG Trade aspires to demystify the intricate landscape of DeFi. The platform aims to create a lively and enjoyable experience that resonates with everyday cryptocurrency enthusiasts, especially those in regions such as Asia. Middle East and Africa.

In pursuing this goal, OG Trade simplifies complex functionalities, avoids technical jargon, and embraces an approachable interface to fashion a more inviting and immersive DeFi experience. As a result, it becomes less daunting for newcomers to engage in cryptocurrency trading,” explained Eduard Jubany Tur to Metaverse Post.

Additionally, ZKX is implementing Clans, along with Profit, Volume, and Loss Badges, to enrich the trading atmosphere on OG Trade. Eduard Jubany Tur pointed out that these components instill a spirit of competition and community engagement, setting it apart from the passive trading experiences typical of conventional platforms.

He added that ZKX's strategic vision includes the launch of Pro Trading, an offering designed specifically for seasoned traders. Pro Trading will cater to experienced individuals, institutional traders, and proprietary trading firms.

With features such as APIs designed for high-velocity trading tactics, Pro Trading aims to transcend the standard centralized exchange (CEX) experience. Consequently, the new platform intends to serve as a comprehensive DeFi solution, addressing the needs of both casual participants and advanced traders, all while maintaining a cohesive order book across various user interfaces.

Disclaimer

In line with the Trust Project guidelines It's important to clarify that the information presented on this page should not be construed as legal, tax, investment, financial, or any other type of advice. Always invest only what you can afford to lose, and if in doubt, consult an independent financial advisor. For more information, we recommend reviewing the terms and conditions as well as the help and support sections provided by the issuer or advertiser. MetaversePost is dedicated to providing accurate and impartial reporting; however, please note that market conditions can shift without prior notice.

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