RBX RabbitX

Use Cases of RabbitX

RabbitX is a decentralized derivatives exchange that offers a variety of use cases for traders:

• Global Markets Access: RabbitX provides 24/7 access to global markets, including stocks, FX, commodities, and interest rates, with plans to expand further.
• High Leverage Trading: Users can trade with up to 20x leverage, enhancing their trading capabilities.
• Zero Gas Fees: The platform eliminates gas fees, making real-time trading more cost-effective.
• Fast Execution: RabbitX boasts millisecond latency, ensuring fast and efficient trading.
• Liquidity Mining: The platform incentivizes users and market makers to provide liquidity, ensuring deep orderbook liquidity.
• Automated Trading Strategies: RabbitX tokens can be used to create and manage automated trading strategies, enabling seamless cryptocurrency trading.
• Community Rewards: The platform offers community trading and staking rewards, promoting active participation and a healthy trading environment.

Key Features

• Secure Infrastructure: Built on Ethereum with ZK technology, providing peak security and scalability.
• User-Friendly Interface: A trader-focused user interface designed for ease of use and efficiency.
• 24/7 Customer Support: Continuous support for traders to address any issues or queries.

Token Utility

• RBX Token: The utility token enhances the trading experience by providing benefits such as community rewards, liquidity mining rewards, and automated trading strategies.

Future Developments

• Expansion Plans: RabbitX plans to introduce exotic crypto-native derivatives, interest rates, and FX trading, further expanding its offerings.

Background

• Founding: Founded in 2021 by a seasoned team of skilled builders, derivatives traders, and portfolio managers.
• Backed by Major Investors: Supported by leading investors like Sequoia Capital US, Peak XV Partners, Multicoin Capital, Crypto.com, and OKX Ventures.

Technical Overview

• ZK Rollups: Utilizes zero-knowledge rollups to scale Ethereum, increasing throughput and lowering transaction costs.
• Hybrid Orderbook: Combines off-chain orderbook composition with on-chain settlements for speed and security.

Trading Experience

• No Front Running: Operates independently, ensuring that orders are not front-run.
• Partial Liquidation: Employs a partial liquidation strategy to minimize the negative impact of liquidations on users.

Additional Resources

• API Documentation: Available for developers to integrate with the platform.
• TradingView Integration: Offers access to live data, news, and financial reports through TradingView.

Getting Started

• Depositing Funds: Simply deposit through your wallet to start trading.
• Withdrawal Process: Follow the withdrawal process outlined in the transfers tab to claim your withdrawn amount.

Support

• FAQ Section: Comprehensive FAQ section available for common queries.
• Contact Support: 24/7 customer support available for any additional assistance.

Community

• Twitter: Follow RabbitX on Twitter for updates and announcements.
• Documentation: Detailed documentation available on the RabbitX website.

Security

• Ethereum Network: Built on the secure Ethereum network, ensuring the security of transactions.
• Layer-2 Settlements: Transactions are settled on a layer-2 before being broadcasted on layer-1 Ethereum for added security.

Leverage and Margin

• Market Leverage: Choose different leverage for each market, such as 20x for BTC-USD and 5x for ETH-USD.
• Account Leverage: Your account leverage is your current account open positions notional / account equity.
• Margin Calculation: Detailed margin calculation documentation available for understanding how margins work.

Order Types

• Market Orders: Execute market orders with protection from adverse price movements beyond 5%.
• Limit Orders: Place limit orders instantly without gas fees.
• Stop Orders: Use stop orders to manage risk and protect positions.

Position Management

• Fair Price: The price used to mark your position unrealized P&L.
• Market Price: The mid price between the current best bid and best offer.
• Withdrawable Balance: The amount available for withdrawal, calculated as min(wallet balance, account equity) - order margin - position margin.

Withdrawal Status

• Pending: Withdrawn amount is initially displayed as 'Pending' in your 'Transfers' tab.
• Transferring: Withdrawal is being processed.
• Claim: Initiate the claim and sign the transaction from the 'Transfers' tab to receive your withdrawn amount.

Additional Information

• History: Originally launched as Strips Finance, a decentralized interest rate swaps exchange on Arbitrum, before expanding and rebranding as RabbitX.
• Team: Comprised of skilled builders, derivatives traders, and portfolio managers dedicated to building

Pros of RabbitX

• Global Access: RabbitX offers 24/7 access to global markets, allowing traders to engage in perpetual futures trading at any time.
• High Leverage: It provides 20x leverage, enabling traders to amplify their potential gains.
• Zero Gas Fees: RabbitX operates on Starknet, which means there are no gas fees, reducing trading costs.
• Fast Execution: The platform boasts milliseconds latency, ensuring quick and efficient trading.
• Community Rewards: 325 million RBX tokens are allocated for community trading and staking rewards, encouraging active participation.
• Liquidity Mining: 75 million RBX tokens are dedicated to incentivizing users and market makers to provide liquidity, ensuring deep orderbook liquidity.

Cons of RabbitX

• Complexity: The use of advanced technologies like ZK infrastructure and Starknet may make the platform less accessible to beginners.
• Market Volatility: As with any cryptocurrency trading platform, market volatility can lead to significant losses if not managed properly.
• Limited Adoption: Being a relatively new platform, RabbitX may have limited adoption and liquidity compared to more established exchanges.
• Dependence on Starknet: The platform's reliance on Starknet means any issues with the underlying technology could impact RabbitX's performance.
• Regulatory Uncertainty: The regulatory environment for decentralized exchanges and derivatives trading is still evolving and may pose challenges for RabbitX.

Founders of RabbitX

• Ming Wu: Founder
• Kirill Shilov: Founder
• CZ: Founder

These individuals have played a crucial role in establishing and developing RabbitX, a global permissionless perpetuals exchange powered on Starknet.

Investors in RabbitX

RabbitX is backed by several prominent investors, including:

• Sequoia Capital US: A leading venture capital firm known for investing in innovative startups.
• Peak XV Partners (previously Sequoia India): A venture capital firm focused on supporting startups in Asia and globally.
• Multicoin Capital: A venture capital firm specializing in cryptocurrency and blockchain investments.
• Crypto.com: A well-known cryptocurrency exchange and financial services company.
• OKX Ventures: The venture arm of OKX, a major cryptocurrency exchange.
• Fabric Ventures: A venture capital firm dedicated to funding Web3 and blockchain projects.

These investors have contributed to RabbitX's growth and development, supporting its mission to build a comprehensive derivatives exchange.

Halal Status of RabbitX

• Halal Status: No
• Reason: According to various Islamic finance experts and reports, such as those from Practical Islamic Finance, RabbitX is classified as "Questionable" rather than "Comfortable" in terms of its halal status. This indicates that there are concerns or uncertainties regarding its compliance with Islamic principles, making it not definitively halal.