RabbitX

price
change

Discover RabbitX's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is RabbitX?

RabbitX (RBX) is a decentralized derivatives exchange built on Starknet, offering a global, permissionless, and secure platform for traders. It provides 24/7 access to global markets with 20x leverage, zero gas fees, and milliseconds latency. The exchange combines innovative ZK infrastructure with a powerful risk engine and a user-friendly interface, aiming to create a robust, secure, and liquid global derivatives network.

How is RabbitX used?

The RabbitX (RBX) token is a utility token designed to enhance the trading experience on the RabbitX platform. It provides several benefits to users, including:

  1. Community Rewards: 325 million RBX tokens are allocated for community trading and staking rewards, encouraging active participation and promoting a healthy trading environment.

  2. Liquidity Mining Rewards: 75 million RBX tokens are dedicated to incentivizing users and market makers to provide liquidity to RabbitX, ensuring deep orderbook liquidity.

  3. Treasury: 200 million RBX tokens are set aside for future protocol upgrades, strategic partnerships, and ecosystem development.

  1. Investors and Team: Tokens are allocated to early investors and the RabbitX team, subject to vesting schedules to ensure long-term alignment with the platform's objectives.

  2. Automated Trading Strategies: RBX tokens can be utilized to create and manage automated trading strategies, enabling seamless cryptocurrency trading without manual intervention.

These uses of the RBX token align the success of the RabbitX platform with the interests of its community, fostering a robust and liquid derivatives exchange.

How do I store RabbitX?

To store RabbitX (RBX) tokens, you need to merge your account with a compatible digital wallet. This wallet will be used to receive the tokens. Ensure that your wallet is compatible with the RabbitX ecosystem and follow the project's guidelines for setting up and linking your wallet to your account.

How to buy RabbitX?

To buy RabbitX (RBX) tokens, you can follow these steps:

  1. Choose a Reliable Exchange:

    • Select a trustworthy centralized exchange (CEX) that supports RabbitX (RBX) purchases, such as Binance or KuCoin.
    • Alternatively, you can use decentralized exchanges (DEXs) like Uniswap V2, BingX, or MEXC.
  2. Create an Account:

    • Register on the chosen exchange by providing the required information and setting a secure password.
    • Enable two-factor authentication (2FA) for added security.
  3. Verify Your Identity:

  • Complete Know-Your-Customer (KYC) verification, which may require providing identification documents and other personal information.
  1. Add a Payment Method:

    • Set up a payment method, such as a credit/debit card or bank account, following the exchange's instructions.
  2. Buy RabbitX (RBX):

    • Use your added payment method to purchase RabbitX (RBX) directly or buy a popular cryptocurrency like Ethereum (ETH) or Tether (USDT) and then exchange it for RBX.
  3. Transfer to a Wallet (Optional):

  • If you want to store your RabbitX (RBX) tokens securely, transfer them to a reliable crypto wallet like Trust Wallet, ensuring you keep your seed phrase safe.
  1. Monitor and Manage Your Tokens:
    • Keep track of your RabbitX (RBX) tokens and their market performance on platforms like CoinMarketCap or CoinGecko.

Remember to always research and understand the fees, risks, and market volatility associated with buying and holding cryptocurrencies.

Discover
RabbitX
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of RabbitX

The history of RabbitX (RBX) is a significant aspect of understanding this cryptocurrency project. RabbitX is a global permissionless perpetuals exchange built on Starknet, aiming to create a secure and liquid derivatives network. The project combines innovative ZK infrastructure with a powerful risk engine and a user-friendly interface, allowing for 24/7 access to global markets with 20x leverage.

RabbitX's historical data shows that the token's price has fluctuated over time. For instance, on June 12, the RBX price was $0.04771939399 USD, with a 4.35% decrease. This data highlights the dynamic nature of the token's value. Additionally, the token's market capitalization and trading volume have also varied, indicating the project's ongoing development and market interactions.

The project's tokenomics, including its total supply and circulating supply, are essential components of its history. RabbitX has a total supply of 1,000,000,000 RBX and a circulating supply of 449,007,192 RBX, which impacts the token's market capitalization and liquidity.

RabbitX's roadmap includes plans for exotic crypto-native derivatives, interest rates, FX trading, and more, demonstrating the project's continuous evolution and growth. Overall, the history of RabbitX (RBX) is marked by its innovative technology, fluctuating market performance, and ongoing development.

Discover
RabbitX
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How RabbitX works

RabbitX (RBX) is a utility token designed for the RabbitX DeFi derivatives exchange. This exchange operates on the Starknet blockchain, offering decentralized perpetuals trading. Here are the key aspects of how RabbitX works:

Token Distribution and Purpose

The RabbitX token (RBX) has a total supply of 1 billion tokens. The distribution is divided into several categories:

  • Community Rewards: 32.5% (325 million RBX) for community trading and staking rewards, as well as airdrops for trading on the RabbitX platform.
  • Liquidity Mining Rewards: 7.5% (75 million RBX) to incentivize users and market makers to provide liquidity.
  • Treasury: 20% (200 million RBX) for future protocol upgrades, strategic partnerships, and ecosystem development.
  • Investors: 20% (200 million RBX) for early investors.
  • Current Team: 15% (150 million RBX) for the current RabbitX team.
  • Future Team Members: 3% (30 million RBX) for future team members.
  • Advisors: 2% (20 million RBX) for current and future advisors.
Trading and Liquidity

RabbitX is designed to offer high liquidity and speed. It uses a hybrid architecture to deliver fast and secure transactions. The platform provides up to 20x leverage for traders, making it attractive for those seeking enhanced trading opportunities. The liquidity mining rewards are intended to attract market makers and users who can contribute to the platform's liquidity.

Governance and Security

The governance of the RBX ERC-20 contract is currently managed by a 2/3 multisig wallet of the team's core founding members. The platform has a maximum potential inflation rate capped at 20% per annum after year two, subject to governance voting. This ensures that the community continues to have the resources to contribute to RabbitX's growth.

Trading Experience

RabbitX aims to provide a seamless and user-friendly trading experience. The platform offers features such as zero gas fees, deep orderbook liquidity, and advanced financial tools. The interface is designed to be intuitive, making it easy for users to transition from traditional exchanges.

Accessibility and Support

RabbitX provides multilingual support and is accessible in over 200 countries and regions. The platform offers a comprehensive guide for getting started, including easy registration, depositing funds, and navigating the interface. Additionally, RabbitX has a help center and community support channels, such as Discord, to assist users with any questions or issues.

Overall, RabbitX is designed to be a leading DeFi derivatives exchange, offering a range of features and tools to enhance the trading experience. The RBX token plays a central role in the platform's ecosystem, providing utility and value to users.

Discover
RabbitX
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

RabbitX's strengths

The token RabbitX (RBX) has several strengths that contribute to its potential success and value in the cryptocurrency market:

  1. Decentralized Platform: RabbitX operates on a decentralized network, offering a platform for transactions and decentralized finance (DeFi) services. This decentralized nature ensures that the platform is not controlled by a single entity, promoting transparency and security.

  2. Hybrid Architecture: The RabbitX platform is built using a hybrid architecture, which optimizes speed and security for traders. This architecture allows for unparalleled performance, making it an attractive option for derivatives trading.

  3. Zero Gas Fees: RabbitX offers zero gas fees for trading, reducing the costs associated with transactions and making it more accessible to users.

  1. High Leverage: The platform provides up to 20x leverage, allowing traders to amplify their potential gains. This high leverage, combined with the low fees, makes RabbitX an attractive option for traders seeking high returns.

  2. Deep Liquidity: RabbitX aims to provide the deepest orderbook liquidity, ensuring that traders have access to a robust and stable market environment. This liquidity is critical for the platform's success and is incentivized through liquidity mining rewards.

  3. Community Rewards: A significant portion of RBX tokens (32.5%) is allocated for community trading and staking rewards, encouraging user participation and promoting a healthy trading environment. This rewards system aligns the success of the platform with the success of its users.

  1. Governance and Inflation Control: The governance of the RBX ERC-20 contract is under a 2/3 multisig wallet of the team's core founding members, ensuring that decision-making is decentralized and secure. Additionally, the maximum potential inflation rate is capped at 20% per annum after year 2, subject to governance voting, which helps maintain the token's value.

These strengths position RabbitX as a competitive player in the DeFi derivatives space, offering a unique combination of speed, security, and incentives that attract users and promote a healthy trading environment.

RabbitX's risks

RabbitX (RBX) carries several financial risks that investors should be aware of.

Risk Score and Manipulation

RabbitX has been given a high risk score by InvestorsObserver, indicating that it is a relatively high-risk investment. This score is based on the amount of money required to shift the token's price over a 24-hour period, as well as recent changes in volume and market capitalization. This suggests that the token's price can be easily manipulated by limited trading, making it a higher-risk investment.

Liquidation Mechanism

RabbitX has a three-step liquidation waterfall structure to manage risk. If an account's equity falls below the maintenance margin requirement, it will undergo partial liquidation. If the equity falls below the full liquidation margin, the account will be fully liquidated. In extreme cases, if the Insurance Fund's equity falls below zero, opposing positions will be auto-deleveraged at the zero-price. This mechanism aims to protect both traders and the exchange from insolvency but still carries risks.

Insurance Fund

The Insurance Fund plays a crucial role in managing risk. If an account is fully liquidated at the zero-price and there is remaining collateral, a portion of it will go to the Insurance Fund. However, if the Insurance Fund's equity falls below zero, auto-deleveraging will occur. This mechanism is designed to minimize the impact of auto-deleveraging but is still a risk factor.

Leverage and Market Volatility

RabbitX offers 20x leverage, which can amplify both gains and losses. Market volatility can lead to rapid changes in asset prices, increasing the likelihood of liquidations and losses. This leverage, combined with market fluctuations, can result in significant financial risks for traders.

Regulatory Restrictions

RabbitX is restricted for US residents, which may limit its accessibility and liquidity. This restriction can impact the token's overall market performance and increase its risk profile.

Security and Counterparty Risks

While RabbitX prioritizes security and employs advanced risk management tools, there is still a risk of security breaches or counterparty failures. The use of blockchain technology and decentralized infrastructure aims to minimize these risks but does not eliminate them entirely.

In summary, RabbitX carries a range of financial risks, including high price manipulation potential, complex liquidation mechanisms, leverage risks, regulatory restrictions, and security risks. Investors should carefully evaluate these risks before making investment decisions.

Discover
RabbitX
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did RabbitX raise funds?

Discover
RabbitX
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

RabbitX’s team

  • The team behind RabbitX consists of expert blockchain developers, portfolio managers, FinTech veterans, and high-frequency traders.

Whalee AI

The fundamental analysis assistant for crypto value investors.

RabbitX NEWS REPORT

Latest news

Want an analysis of RabbitX? Tell us on discord.

Similar tokens

threshold
Threshold Network Token
uniswap
Uniswap Protocol Token
reserve-rights
Reserve Rights
Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM