FWX is delighted to announce the release of its long-awaited Testnet version of the platform on the Avalanche Fuji Testnet. Our core mechanisms for the fully on-chain leveraged trading experience has been completed, now we are diligently preparing to introduce more FWX’s elements in the upcoming 2024.
Key Features Redefining the Futures of Trading:
- No Impermanent Loss or Other Losses: FWX introduces its own unique liquidity provision and trading mechanisms that eliminates impermanent loss and minimizes other potential losses while offering simple experience to lend, borrow and leverage trade your crypto.
- Fully Decentralized: FWX operates 100% on the blockchain, ensuring transparency, security, and trustworthiness in every transaction and operation.
- Conditional Order: FWX has you covered for the essentials conditional orders. Take advantage of tools such as take profit and stop loss and never be worried about needing to monitor your futures positions. [Coming soon]
- FWX Wallet: Seamlessly access all the incredible features of FWX through our DeFi integrated non-custodial wallet. Enjoy a user-friendly interface and unmatched convenience, no third-party web3 wallet will be needed again. [Coming soon]
- Permissionless Listing: FWX will allow permissionless listing for futures trading of any token by simply providing liquidity. This innovative approach will enhance price discovery for DeFi trading. [Coming soon]
- No-Gas-Fee Trading Option: FWX is developing an opt-in option for gas-free trading, ensuring no blockchain gas fee for each short and long. [Coming soon]
Pioneering Investments and Support:
Looking back at our strong foundation, we are proud to share that FWX has completed a $5 million USD seed round investment. The round was led by two of the largest commercial banks in Thailand, alongside prestigious names in the DeFi and blockchain space, including Blizzard (Avalanche-native venture capital fund managed by Ava Labs), GBV Capital, Kyber Ventures, and more. This substantial backing underscores the industry’s belief in the transformative potential of FWX and its dedication to reshaping the future of DeFi.
Again, we humbly invite you all to join us on this exciting journey by participating in the Testnet and providing us with your invaluable feedback. Together, we can refine and perfect the FWX platform.
To learn more and get involved, please visit our official website at fwx.finance and follow us on Twitter for real-time updates.
Let’s revolutionize DeFi, one test at a time! 🚀🚀
FWX is a decentralized derivatives platform, built on EVM based chains, that allows users to anticipate price direction or hedge their risk against price fluctuation using an advanced protocol named the Automated Position Hedger. FWX also offers two main services: a decentralized derivative exchange (DDEX) and lending and borrowing pool (LBPs). FWX aims to be the leading decentralized derivative platform which offers derivatives on a variety of underlying assets and revolutionizes the way people are trading.