What is RabbitX?
RabbitX is a global permissionless perpetuals exchange built on Starknet. RabbitX is building the most secure and liquid global derivatives network, giving you 24/7 access to global markets anywhere in the world, with 20x leverage.
Combining the most innovative ZK infrastructure with the most powerful risk engine, and beautiful user interface. With RabbitX, you can trade 24/7 markets with 20x leverage with the security of Ethereum. Our derivatives DEX is built using state-of-the-art, low-latency ZK-STARK technology atop Ethereum, providing blazing fast speed, peak security, and zero gas fees.
RabbitX is rebuilding a better financial system by offering price transparency, instant settlements, and automated clearing for derivatives trading. RabbitX is where the world comes to trade.
RabbitX provides:
- Milliseconds latency
- Zero gas trading
- 20x leverage
- Orderbook liquidity
- 24/7 customer support
- Global markets (FX, Commodities, Interest Rates)
- A trader focused user interface
In addition to our signature perpetual futures, RabbitX has plans for exotic crypto-native derivatives, interest rates, FX trading, and more in our roadmap.
Who are the investors of RabbitX?
RabbitX is backed by some of the largest and most respected investors in the space. Including Sequoia, Crypto.com, Fabric Ventures, Defiance Capital, Mechanism Capital, Multicoin, SevenX and others.
How is the token distributed?
The RBX token will have an initial supply of 1 billion tokens (1,000,000,000 RBX). Here’s how the tokens will be allocated:
- Trading Rewards (32.5%): 325 million RBX tokens will be distributed as community trading rewards and airdrop for trading on the RabbitX platform. These rewards will be given to users based on their trading activity, encouraging more participation and promoting a healthy trading environment.
- Liquidity Mining Rewards (7.5%): 75 million RBX tokens will be dedicated to incentivizing users and market makers to provide liquidity to RabbitX. Deep liquidity is critical to RabbitX’s goal of becoming the premier global derivatives DEX.
- Treasury (20%): 200 million RBX tokens will be set aside in the RabbitX Treasury, providing a reserve for future protocol upgrades, strategic partnerships, and ecosystem development.
- Investors (20%): 200 million RBX tokens will be allocated to our early investors who have supported and believed in our vision from the start. These tokens will be subject to a vesting schedule to ensure a balanced and fair distribution.
- Current team (15%): 150 million RBX tokens will be allocated to the current RabbitX team to acknowledge their hard work, dedication, and ongoing commitment to the platform’s growth and success. These tokens will be subject to vesting, to ensure the team’s long-term alignment with the platform’s objectives.
- Future team members (3%): 30 million RBX tokens will be allocated to future team members. The future of RabbitX relies on our ability to attract the best talent; as we continue to grow, we must align team members’ incentives with the project’s long-term vision. These tokens will also be subject to vesting, ensuring a long-term commitment to the success of RabbitX.
- Advisors (2%): 20 million RBX tokens will be allocated to current and future advisors of the protocol. Advisors play a valuable role in shaping the strategic direction of RabbitX, providing invaluable insights and guidance throughout our journey.
RBX will have a maximum potential inflation rate capped at 20% p.a. after year 2, subject to governance voting. Actual inflation rate may be 0%. Ensuring the community continues to have the resources to continue contributing to the Protocol.
How will the token be used?
RBX will provide utility and significant value to the RabbitX platform, including increased liquidity and rewards for users. Everything we do is committed to delivering the best possible trading experience and value to our users.
If you have any questions regarding this update or RBX tokenomics, please reach out to our support team in the #token channel in our discord https://discord.com/invite/rabbitx.