KTX.Finance Development and News Update
KTX.Finance Protocol Update: Issue 1
TLDR
We are thrilled to debut this issue of our ongoing series, aimed at providing regular and detailed updates about the exciting developments in our project to our community members.
For those who are new to KTX.finance, we warmly welcome you to our rapidly-growing community. Please refer to our previous post to gain a better understanding of what KTX.finance is all about.
Introduction
KTX.Finance (KayTeeX) is a decentralized derivatives protocol that enables traders to trade on-chain with up to 50x leverage.
KTX.Finance (KayTeeX) aims to provide traders with a CEX-like trading experience coupled with (1) Low Swap Fees (2) Fast Execution and (3) a robust & sustainable financial ecosystem.
We believe that the transition from CeFi to DeFi is not a matter of “if” but a matter of “when”. A set of robust financial instruments (derivatives, market-making capacities, etc.) is required for this transition.
KTX.Finance (KayTeeX) aims to provide a piece of the puzzle by enabling leveraged trading on chain.
Developers Update
We have some exciting news for you — our developer team is working round the clock to improve our product and enhance the user interface and experience.
From fixing bugs to optimizing the performance of our platform, the team is leaving no stone unturned to ensure have hassle and enjoyable experience while using our platform.
Key highlights of our new product features
- 🏆 Daily trading competition leaderboard and rewards
- ⏰ Timestamp of historical margin trades
- 🎢 Leverage scroll bar of up to 50.0x for margin trades
Upcoming developer updates
- 📱 Improvements to UI/UX on mobile browser
- 💎 Profit / loss card
- 💯 KyberSwap Aggregator API integration for collateral deposits from any token or pool
- 💰 Trust Wallet Integration
We welcome any valuable product feedback from our community members, kindly let us know on our socials. (Twitter | Telegram | Discord)
Updates & Announcements
Zealy
- We launched a 4-week Zealy quest campaign that will span from 9th Jun — 7th Jul 2023
- With an attractive prize pool of $2,500 USDT,
- Twitter Post: Link
Platform Metrics and Statistics
We are proud of the traction KTX has garnered thus far from its community of traders, LPs and stakers since our BNB Chain mainnet launched on 30th May 2023.
As of 30th Jun 2023:
- TVL (KTC staked + KLP Pool): US$1,000,193
- Total Trading Volume: US$30,041,138
- Total Fees: US$48,003
- No. of Unique Traders: 361
- No. of Unique LPs: 89
KLP Index Composition:
Weight / Target
- Bitcoin (BTC): 25.29% / 20.00%
- Ethereum (ETH): 22.78% / 20.00%
- Binance Coin (BNB): 6.50% / 15.00%
- Binance USD (BUSD): 5.12% / 5.00%
- Tether (USDT): 40.29% / 40.00%
For more insights on KTX.Finance’s platform metrics and statistics, please visit here
Community Highlights
Publicity Events
- Co-hosted BUIDL Vietnam “Probably Nothing” side event with KyberSwap and Qidao Protocol at Ho Chi Minh City, Vietnam
Twitter Post: Link
- Ultiverse Live Show: AMA with KTX.Finance
Twitter Post: Link
- BSC News AMA on Twitter Spaces
Twitter Post: Link
- BNB Chain: New Product Launch Show
Twitter Post: Link
Twitter Product Features
Over 20 CTs, Brand Advocates and Media Outlets tweet about KTX.Finance during Token Listing, Mainnet Launch and subsequent campaigns
Twitter Post: Link
Twitter Post: Link
Twitter Post: Link
Twitter Post: Link
Twitter Post: Link
Twitter Post: Link
Daily Trading Competition
We have just concluded our Daily Trading Competition that started from 12th June 2023 which had seen more than 100 new leveraged traders participated in the Daily Trading Competition over the entire 2 weeks. You can see the cumulative winner list here: Link
About KTX.Finance
Connect with KTX.Finance to stay updated always!
