What is RabbitX (RBX)

RabbitX and $RBX: Revolutionising Derivatives Trading

Introduction

In the rapidly evolving world of cryptocurrency and decentralised finance, RabbitX emerges as a promising platform designed specifically for traders interested in perpetuals and derivatives. Positioned as a global, permissionless exchange, RabbitX is committed to creating the foremost secure and liquid derivatives network. At the heart of this project is its native utility token, $RBX, which plays a vital role in enhancing liquidity and incentivising user participation.

This article delves into the key aspects of RabbitX and $RBX, exploring their innovative features, developmental history, and the mechanics that set them apart in the competitive landscape of decentralised trading platforms.

What is RabbitX and $RBX?

RabbitX is a decentralised derivatives exchange that aims to streamline and enhance the trading experience for users worldwide. By leveraging state-of-the-art zero-knowledge (ZK) infrastructure and a sophisticated risk management engine, RabbitX provides an efficient platform tailored for perpetual and derivatives trading.

The platform boasts numerous advantages, including:

• Accessibility: Users can trade 24/7, tapping into global markets at their convenience.
• High Leverage: Traders are offered up to 20x leverage, empowering them to make the most of their capital.
• Minimal Latency: The platform provides millisecond latency, ensuring swift executions that are essential for effective trading strategies.
• No Gas Fees: RabbitX eliminates gas fees, allowing traders to engage in real-time transactions without extra costs.
• Deep Liquidity: Through its orderbook liquidity, RabbitX ensures that orders are filled promptly, aligning with traders' strategic needs.

The native token, $RBX, is integral to the ecosystem, serving multiple purposes, from incentivising liquidity to rewarding active users, thereby fostering a vibrant trading community.

Who is the Creator of RabbitX and $RBX?

While specific details about the individual creator(s) of RabbitX have not been disclosed, the project was founded in 2021 by a team comprised of experienced builders, skilled derivatives traders, and managers with billion-dollar portfolios. This collaborative foundation provides RabbitX with a wealth of expertise and a deep understanding of the complexities within the derivatives market.

Who are the Investors of RabbitX and $RBX?

RabbitX has garnered significant interest and backing from a variety of notable investors. Among them are:

• Sequoia Capital US
• Peak XV Partners (previously known as Sequoia India)
• Multicoin Capital
• Crypto.com
• OKX Ventures

The investment from such prominent organisations underscores the potential and promise that RabbitX holds in the competitive landscape of decentralised finance.

How Does RabbitX and $RBX Work?

A distinctive characteristic of RabbitX is its hybrid architecture, which merges the benefits of off-chain orderbooks with the security entrusted to on-chain settlements. This innovative infrastructure allows for exceptional trading speeds and efficiency—up to 50 times faster than other on-chain derivatives platforms.

The integration of a robust risk engine is another standout feature. This system is dedicated to protecting both traders and the broader ecosystem from insolvency risks. By implementing advanced risk management protocols, RabbitX not only enhances trader confidence but also safeguards market stability.

Moreover, RabbitX is built on Starknet, tapping into the security features of Ethereum while offering enhanced scalability, making it a leading contender in the space of decentralised finance.

Timeline of RabbitX and $RBX

The evolution of RabbitX can be traced through several significant milestones:

• 2021: RabbitX was founded by a team of skilled professionals, each possessing extensive backgrounds in technology and trading.
• 2023: The project experienced a rebranding from its prior identity—Strips Finance, marking a strategic shift in its mission to encompass a more comprehensive suite of derivatives for various global asset classes.
• July 2024: RabbitX announced the launch of the $RBX utility token, representing a pivotal moment in the project's development and further solidifying its place in the derivatives market.

Key Features of RabbitX and $RBX

RabbitX is set apart by several key features, designed to enhance the trading experience:

• Millisecond Latency: This ensures lightning-fast order executions, crucial for traders who rely on swift market movements.
• Zero Gas Fees: By removing gas fees, RabbitX makes trading more accessible and cost-effective for users.
• 20x Leverage: Traders can utilise significant leverage, allowing a higher degree of engagement with the market.
• Orderbook Liquidity: The deep liquidity provided on the platform enables traders to operate effectively, minimising slippage and maximising their trading outcomes.
• Continuous Support: RabbitX offers 24/7 customer support, ensuring that users can receive assistance whenever needed.
• Diverse Market Participation: The platform's ambition includes expanding into a variety of markets such as stocks, foreign currencies (FX), commodities, and interest rates, broadening the scope of trading opportunities available to its users.

$RBX Tokenomics

The $RBX token is not just a utility but a cornerstone of the RabbitX ecosystem. Below are the foundational elements illustrating the token's distribution:

• Initial Supply: 1 billion RBX tokens are to be released into the ecosystem.
• Allocation Breakdown:
• Community Rewards: 32.5% (325 million RBX) to encourage active participation from the user base.
• Liquidity Mining Rewards: 7.5% (75 million RBX) to incentivise liquidity providers.
• Treasury Funds: 20% (200 million RBX) to support future development and operational expenses.
• Investors: 20% (200 million RBX) allocated to earlier backers.
• Current Team Compensation: 15% (150 million RBX) to ensure talented individuals are rewarded for their contributions.
• Future Team Allocations: 3% (30 million RBX) to attract future team members.
• Advisors: 2% (20 million RBX) allocated for expert guidance.

These allocation strategies demonstrate RabbitX's commitment to building a sustainable community while ensuring that all stakeholders have aligned interests.

Conclusion

RabbitX and its native token $RBX present a formidable advancement in the realm of derivatives trading. With a clear vision to enhance the trading landscape through innovative technology, a strong foundational team, and backing from notable investors, RabbitX is well-positioned to become a leading platform for traders globally. By prioritising security, liquidity, and real-time trading capabilities, RabbitX is not only setting new standards within the decentralised finance sphere but is also primed for ongoing growth and evolution as the market demands change.

As the world continues to embrace the decentralised ethos of Web3, RabbitX stands ready to navigate the complexities of the derivatives market, ensuring that traders can access tools and resources that empower them to succeed in an increasingly digital economy.