Swirl: The First On-Chain Order Book BRC20 Trading Zone

Swirl is a decentralized trading zone launched by Vortex, based on Layer-2 technology, aimed at supporting the swap and order book dex-style trading of BTC ecosystem assets. Through innovative ZK-SNARKs technology, Swirl effectively offers new possibilities for the development of Bitcoin’s second layer ecosystem.

Core Advantages of Swirl

1. Ultra-Fast Trading, Ultra-Low Cost: Swirl reduces transaction costs through Bitcoin Layer-2 technology, lowering on-chain gas fees to as low as 0.01U. This technological advantage allows Swirl to support more complex, higher-value trading scenarios while significantly reducing users’ trading costs.

2. BRC20 Standard: Swirl fully leverages the efficiency and flexibility of the BRC20 standard, providing users with a fast and secure trading experience. This means users can easily trade various BRC20 tokens on Swirl, meeting their diverse trading needs.

3. Split-able Inscriptions: Swirl introduces an inscription trading mechanism, making assets more liquid and flexible. This innovation will further enhance the diversity of the Bitcoin ecosystem, offering users more investment and trading opportunities.

4. Comprehensive BTC Asset Coverage: Swirl supports not only BRC20 assets but also a variety of on-chain assets, including ARC20, Rune, Lightning Network assets, etc. This cross-chain interoperability and multi-protocol asset aggregation will greatly simplify users’ trading experience and increase market liquidity.

Why Does Vortex Need a BRC20 Trading Zone?

As a multi-chain liquidity aggregation trading platform based on the ZK-SNARKs protocol, Vortex has always been committed to providing solutions for more efficient on-chain trading. However, with the booming inscription market, the Bitcoin ecosystem faces some clear challenges.

1. High Transaction Costs: The high transaction costs of the Bitcoin network have become a pain point for many users, with average inscription transaction costs ranging from 2–200U, depending on interaction time and the short-term cycle of the inscription ecosystem. The launch of Swirl, by using Layer-2 technology, will significantly reduce transaction costs, becoming one of the important solutions for the on-chain ecology of the Bitcoin network.

2. Demand for Asset Diversity: The diversity of assets on the Bitcoin network is growing, also driving other on-chain protocol assets, including various protocol on-chain assets such as BRC20, ARC20, SRC20. To meet the needs of different users, after initially establishing a basic BRC20 trading zone, Swirl will gradually extend and develop into a trading platform that offers a variety of assets.

3. Opportunities for Technological Innovation: With the continuous development of Bitcoin technology, innovations like Layer-2 solutions have become an important part of the Bitcoin ecosystem. As a trading zone based on BTC Layer-2 technology, Swirl provides Vortex with opportunities to improve user experience, expand market share, and offer more services through these innovations.

4. Market Competition: To maintain competitiveness and leadership, Vortex needs to continuously innovate and launch new products. The launch of Swirl will bring market differentiation advantages to the company, attracting more users and project parties.

In conclusion, Vortex needs to launch Swirl to address the challenges in the Bitcoin ecosystem and provide more opportunities for the company’s ongoing development. The launch of Swirl will not only help improve user experience and reduce transaction costs but also enrich the Bitcoin ecosystem, allowing Vortex to stand out in market competition. Through this strategic move, Vortex will be better able to meet market demands and drive the continuous progress of the Bitcoin ecosystem.

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In the decentralized trading sector, Vortex has become a prominent name. With its innovative technology and user-friendly interface, Vortex has not only changed the way traders operate but is also continuously driving the evolution and innovation of the entire industry.

Integration of Vortex with the Bitcoin Ecosystem
Vortex is poised to enter a new phase in its development. We are excited to announce a thrilling new direction: Vortex is set to support the Bitcoin ecosystem, with plans to enable trading and withdrawal of BRC-20 tokens by the end of January 2024.

This move signifies not only a major technological leap for Vortex but also injects new vitality into the Bitcoin ecosystem. As Bitcoin continues to grow and evolve, Vortex’s move demonstrates its profound understanding of market dynamics and its ability to respond rapidly.

Innovative Advantages of Vortex Products
In the competitive decentralized trading market, Vortex stands out with its unique technology and superior user experience. Supporting the Bitcoin ecosystem and BRC-20 tokens not only proves Vortex’s technical strength but also shows its keen insight into user needs. This strategy effectively enhances Vortex’s competitiveness in the market, making it the preferred platform for cryptocurrency traders.

Profound Industry Impact
Vortex’s initiative is expected to have a significant impact on the entire decentralized finance field. By introducing the Bitcoin ecosystem and supporting BRC-20 tokens, Vortex not only broadens the trading options for traders but also adds new momentum to the development of the entire cryptocurrency market. This transformation signifies wider market participation and deeper technological integration.

Future Prospects: Vortex’s Path of Innovation
Looking ahead, Vortex plans to continue on its innovative path, constantly exploring new technologies and market opportunities. As the decentralized finance sector matures, Vortex is poised to maintain its leadership role in the DeFi space, guiding the industry into a broader and more dynamic new phase.

By supporting the Bitcoin ecosystem and BRC-20 tokens, Vortex not only highlights its status as an industry innovator but also provides solid support for the future of the cryptocurrency market. As Vortex continues to roll out more innovative features, its impact on the cryptocurrency world is set to deepen further.

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Introduction

In the rapidly evolving landscape of blockchain and Web3 technologies, strategic collaborations are key to fostering growth and innovation. Vortex, a prominent player in this domain, has recently embarked on a remarkable journey of expansion, partnering with diverse entities that are revolutionizing various sectors. This article delves into the significance of Vortex’s recent collaborations and their potential impact on the ecosystem.

Integration with LayerZero

LayerZero’s cross-chain interoperability protocol offers new possibilities for the development of decentralized applications, particularly for Layer 2 decentralized exchanges like Vortex. By connecting over 50 different blockchains, LayerZero enables developers to create truly omnichain applications, tokens, and experiences. For Vortex, this collaboration means an expansion in the accessibility and functionality of its trading platform.

With LayerZero, Vortex is able to facilitate seamless transactions across multiple chains, enhancing user experience and increasing its competitive edge in the market. Through LayerZero’s immutable on-chain endpoints, configurable Security Stack, and a permissionless set of Executors, Vortex can ensure the security and censorship resistance of message transfers between different blockchains. This partnership not only brings convenience in cross-chain transactions to Vortex but also offers users more choices and a better trading experience, while simultaneously strengthening the interconnectedness of the entire blockchain ecosystem.

Vortex and VCGamers: Revolutionizing the Gaming Marketplace

The collaboration between Vortex and VCGamers marks a significant milestone in the integration of Web3 technology with digital gaming. VCGamers, as Indonesia’s pioneering digital game marketplace platform, brings an innovative edge to this partnership. By utilizing blockchain technology, particularly zk-SNARKs, Vortex and VCGamers aim to enhance the gaming experience, ensuring secure, transparent, and efficient transactions. This collaboration could potentially redefine the gaming marketplace, setting a new standard for digital game exchanges worldwide.

Synergizing with Sypool: Advancing Asset Management

The partnership with Sypool, a decentralized asset management platform, opens new avenues for Vortex in the realm of financial technology. Sypool’s expertise in AI-driven trading strategies and signal alerts complements Vortex’s technological infrastructure. This alliance not only diversifies Vortex’s ecosystem but also brings cutting-edge financial solutions to its user base. Through this collaboration, Vortex is poised to offer its users an enriched experience with sophisticated, AI-enhanced asset management tools.

Embracing Classical Music with KOLONFT

Perhaps the most intriguing of Vortex’s recent collaborations is with KOLONFT, the world’s first Web3.0 platform dedicated to classical music. This partnership is a testament to the versatility and broad applicability of blockchain technology. By integrating with KOLONFT, Vortex is tapping into the rich and culturally significant realm of classical music, bringing a novel dimension to its ecosystem. And future collaborations regarding the trade mining and burn mining are also expected. This initiative not only promotes the preservation and appreciation of classical music but also illustrates the potential of blockchain in transforming various artistic domains.

The Future of Vortex’s Ecosystem

The strategic collaborations with VCGamers, Sypool, and KOLONFT mark a new chapter in Vortex’s journey. These partnerships are not merely expansions of its ecosystem but are reflective of Vortex’s commitment to embracing innovation and diversity. By venturing into gaming, asset management, and the arts, Vortex is setting a precedent for how blockchain platforms can evolve and impact various sectors. The future looks promising for Vortex, as it continues to explore new frontiers and forge partnerships that redefine the possibilities of Web3 technology.

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Operations
1. KOL Partnerships Boost Exposure
Over the past month, we successfully collaborated with more than four partners, promoting a series of activities and social media campaigns, achieving over 200,000 exposures.

2. BSC Mainnet Daily Trading Volume Steady at $8–10 Million, with Doge/USDT Pair Added
We will progressively advance Vortex’s steady growth and market influence in the crypto space.

4. Twitter and Telegram Follower Surge
Our social media presence has been growing robustly, especially on Twitter, where our follower count increased from 40,000 to 62,000. On Telegram, our followers grew from 30,000 to 41,000.

5. More Partners Join
We have established partnerships with new partners including Micro3, TripleC, AcgWorld, CassavaNetwork, Port3, ReiNetwork, RoboFi, BRCLife, and HelaNetwork. These partnerships further enrich Vortex’s ecosystem and enhance brand exposure and recognition.

6. Community Interaction and Events
We actively participated in two Twitter Space events. Moreover, we joined the Thanksgiving Day Party hosted by Acgworlds and CassavaNetwork and participated in the Exciting Campaign by Giveawayy.com, expanding Vortex’s fame and influence. Our community interaction remains one of the key factors in our success.

7. Completed two trading Campaign events on the official website, securing more IDO benefits for users through point subsidies.

Technology
1. Trade mining product configuration entered testnet, with optimized parameter configuration rules
This change significantly improved the performance and flexibility of trading mining, offering users a smoother and optimized mining experience.

2. Successful integration with PegoNetwork mainnet, testing token pair price integration
This is to ensure the accuracy and timeliness of price data, providing reliable trading data support for users.

4. Added support for google analytics configuration
This allows us to better analyze website traffic and user behavior.

5. Optimized tradingview interface logic to reduce load time
This improvement enables users to view and analyze market trends more smoothly, enhancing overall trading efficiency.

6. Perpetual trade basic data service optimization
This is to provide more accurate and stable data support.

7. Continuous gitHub updates
Our GitHub repository is live and continually updated, ensuring our development community has real-time access to the latest code and resources. This reflects our commitment and support to the open-source community and also enhances the transparency and openness of our platform.

Product

1. Optimized the referral function display data on the invitation interface.

2. Added Doge/USDT trading pair on the market interface.

3. Extended the duration of trade-related events in the Campaign section until March 1, 2024.

4. LayerZero testnet integration progress
The integration of LayerZero has entered the edge testing phase and is expected to be completed within a week, adding support for Ethereum, Avalanche, Polygon, Arbitrum, Optimism, Fantom, Base, Kava, and other chains. This will allow users to complete L2 transactions across multiple chains, bringing more flexibility and convenience to our ecosystem.

In November, Vortex achieved remarkable progress in operations, technology, and products. We thank our community and partners for their support and look forward to future developments. Stay tuned to our social media channels for the latest updates and event information. We remain committed to providing an excellent cryptocurrency ecosystem experience for you.

Start trading: http://www.vortex.ink

Operations

1. KOL Collaborations
In the past month, we collaborated with over 5 renowned KOLs, leading a series of exciting activities and social media promotions that garnered over 300,000 exposures. This endeavor not only elevated Vortex’s visibility but also provided robust support for the growth of our social media followers.

2. Official Website Initiates Social Media and Trading Campaigns
We launched a series of official website activities aimed at increasing social media followers, enhancing trading volume, and transaction counts. These initiatives attracted over 12,000 addresses that completed L2 activations, bringing more users and activity to the Vortex ecosystem, with a current total of over 25,000 L2 users.

3. Daily Trading Volume on BSC Mainnet Exceeds $10 Million
We are thrilled to announce that the daily trading volume of our four trading pairs on the BSC mainnet has exceeded $10 million. This achievement underscores our robust growth and market influence in the cryptocurrency space.

4. Twitter and Telegram Follower
Our presence on social media continues to expand, especially on Twitter, where our follower count has grown from 17,000 to 50,000. On Telegram, our follower count has also surged from 10,000 to 38,000. This demonstrates our active engagement and increased user loyalty on social media.

5. New Partnerships
We are delighted to announce partnerships with new collaborators, including Bi.social, Atem, Gameverse, Planckx, Layerzero, Map Protocol, Taskon, and QuestN. These collaborations further enrich our ecosystem and offer users more choices and opportunities.

6. Vibrant Community Interactions and Diverse Activities
We actively participated in two Twitter Space events and conducted a metaverse AMA session in collaboration with SNW. Additionally, we organized 4 campaign activities on platforms like Taskon, Galxe, QuestN, and others. Our community interactions have been a key factor in our success.

7. Bee Collaboration for BeeVo NFT Activity
We collaborated with Bee to successfully execute the BeeVo NFT activity, providing a unique experience for our community.

8. Giveaway Activity in Partnership with Pego Network
Our partnership with Pego Network not only rewarded our users but also enriched our collaborative network.

Technology

1. Wallet Upgrade from V1 to V2
We continue to enhance our technical infrastructure by upgrading our wallet from V1 to V2, ensuring a better user experience and enhanced security.

2. Introduction of “Documentation” under the “Build” Section
We added “documentation” content under the “Build” section on our homepage, making it easier for users to access and understand our technical documentation.

3. SDK Quantitative Interface Updates
We continuously improve our spot and contract SDKs to meet the growing needs of our users.

4. Launch of Official Website 2.0
We are proud to announce the launch of our official website version 2.0, offering more features and an improved user experience.

5. Addition of Wallet Links: Opera, Torus, and More
We expanded wallet link options, including Opera and Torus, to make it more convenient for users to connect their wallets.

6. Ongoing GitHub Updates
Our GitHub repository is regularly updated to ensure that our developer community has access to the latest code and resources.

Product

1. Updates to Vortex Academy, Referral, and Campaign Interfaces
We continually enhance our products by updating the interfaces for Vortex Academy, referral programs, and campaign activities, providing a better user experience and more features.

2. Updates to Vortex NFT Concepts and Explanations
We provided detailed explanations of Vortex NFT concepts to help users better understand and utilize this feature.

3. Updates to Trading Mining, Burn Mining, Invitation Rewards, and Team Rewards Details

We began refining video transcripts related to the economic model to help users better understand important features like trading mining, burn mining, invitation rewards, and team rewards.

4. Progress in Integrating LayerZero on Testnet
The integration of LayerZero has entered the testnet environment and is expected to go live in 1–2 weeks. This will enable users to achieve L2 storage through multiple chains, offering increased flexibility and convenience in our ecosystem.

In October, Vortex achieved remarkable progress in operations, technology, and product development. We extend our gratitude to our community and partners for their support and look forward to our future endeavors. Stay tuned to our social media channels for the latest updates and activities. We remain committed to providing an outstanding cryptocurrency ecosystem experience for you.

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(9) Vortex🚀 (@VortexDexOffice) / X (twitter.com)

Vortex

Vortex, as a leading decentralized trading platform, has consistently been dedicated to providing professional and reliable digital asset trading services to its users. In the realm of multi-chain ecosystem integration and product feature expansion, Vortex has been steadily advancing its strategic plans. Simultaneously, Vortex places significant importance on the power of its community and is committed to building a user growth ecosystem. It is actively engaging in several community activities to give back to its community members.

Recently, Vortex is set to launch a dedicated activity page on its official website, unveiling several activities in which the community can participate. These activities mark the beginning of Vortex’s Navigator Growth Program, aimed at helping users better understand and utilize Vortex while reaping substantial rewards from their engagement.

The first round of activities includes trading competitions, community point redemption, Bee Network co-branded NFTs, trading volume points, and transaction quantity points activities. By participating in these activities, users will have the chance to win generous VTX rewards and limited-edition NFTs. Some activities also introduce a points system, allowing users to earn points by completing various tasks, which can then be exchanged for VTX rewards.

VTX Fiesta: The Vortex Points Extravaganza!!!

Event link: Vortex

Details:

• Follow: https://twitter.com/VortexDexOffice
  Join TG: https://t.me/VortexDex
  Follow: https://t.me/VortexOfficialAnnouncements
  Activate L2 wallet address: https://www.vortex.ink/
  Fill out the form https://forms.gle/4pu8pAwispJ68QfL7 (Please do remember to fill out the form, or the results will not be verified)
• L2 wallet activation tutorial:

https://www.youtube.com/watch?v=Hovpoz-sm80 (Video)
https://x.com/VortexDexOffice/status/1707036463014257012?s=20 (Text)

Verified users will be able to claim the points within 7 days after the end of the campaign~!

10 points = 1 VTX

Vortex aims to enhance user retention and nurture a core user group through this series of community events.

The Vortex platform hopes that more members will join the “Navigator Growth Program.” This program is specifically designed for active contributors, offering them exclusive benefits and airdrop slots. Vortex wants to create a community atmosphere of collaborative construction and governance, allowing contributors to be beneficiaries.

The launch of Vortex’s community events fully reflects a user-centric philosophy. We look forward to these diverse activities attracting more users to join Vortex!

Start Trading: Vortex
Join us: https://t.me/VortexDex

As the crypto market enters a winter phase, numerous digital assets and blockchain projects are facing challenges with rapidly declining user numbers and struggling ecosystem development. However, crises can also represent opportunities for well-prepared teams. Strong projects can stand out at this stage and achieve counter-cyclical growth. Vortex trading platform is a prime example. Against the backdrop of slowing industry growth, Vortex’s registered users and daily trading volume are steadily increasing, and the project’s commercialization process is continually advancing. This success is attributed to Vortex’s systematic design in technological infrastructure and business models.

1. Ingenious Token Economic Model: Turning Users into Co-builders

Vortex has established a multi-dimensional incentive system, including trading mining, liquidity mining, referral rewards, token burning, and airdrops. These mechanisms allow users to earn rewards while also providing liquidity to the platform. Vortex has also set up a node dividend plan that lets users share platform profits by providing liquidity. In essence, Vortex has built a community of mutual benefit, allowing both the platform and its user base to grow in tandem.

Trading mining and liquidity mining reward users for their normal trading activities, while token burning rewards user loyalty. The node dividend system encourages users to provide liquidity to the platform. Referral rewards drive organic user growth. These elements form a self-sustaining growth loop for Vortex.

2. Clear Ecosystem Positioning: Gaining Market Recognition

As a decentralized exchange with outstanding technological innovation capabilities, Vortex has gained widespread market recognition. It collaborates deeply with leading blockchain ecosystems like Bee and PegoChain. Through community events, core user cultivation, NFT strategies, and integration of products and ecosystems, Vortex has acquired a large number of new users.

The SAAS sub-site model has also brought more customers to Vortex, generating revenue while expanding liquidity.

Vortex’s multi-chain strategy makes it attractive for more public chains to interconnect. Joint mining activities with existing quality projects also benefit Vortex greatly. In the blockchain industry, Vortex has gained a good reputation and wide recognition, providing strong support for its steady growth.

3. Inherent Business Model Innovation: Achieving Sustainable Growth

Apart from continuous support from external partners, Vortex itself possesses the capability for sustainable development. This stems from its innovative business model, which secures a steady cash flow to help the project endure a prolonged bear market.

Vortex uses an order book trading mechanism and ZK-SNARKs technology to provide an efficient and transparent trading experience. The excellent user experience has garnered loyal users, thus generating sustainable revenue for the platform.

Vortex’s technological advancements have expanded its business scope. The SAAS model allows for scalability. While gaining more ecosystem partners, B2B services also provide a stable cash flow for the platform.

In the future, Vortex will continue to innovate its products, introducing new features like launchpads, lending, insurance, etc., to create additional revenue streams.

Vortex relies on technological innovation, economic incentives, and product advantages to achieve counter-cyclical growth amid the industry winter. It represents the development direction of the new generation of decentralized exchange platforms. Vortex’s success also provides direction for other blockchain projects: continuous innovation and designing business models around user needs are key to breaking new ground.

Website: Vortex
How to trade on Vortex: Vortex Operation Manual — YouTube

Vortex recently launched its mainnet trading on the Binance Smart Chain (BSC), and its daily trading volume has already exceeded tens of millions of US dollars, marking a period of rapid growth. In addition to its own product and technological advantages, Vortex has deepened its cooperation with several partners, leading to significant growth in both community size and the number of trading users.

Recently, Vortex established a strategic partnership with BeeNetwork, a globally leading Web3 community. Bee Network is the largest Web3 interactive platform worldwide, dedicated to providing growth services to a wide range of Web3 projects globally through blockchain innovation technology. During Vortex’s rapid development, Bee has provided strong support. The two parties have engaged in deep cooperation in community activities, core user cultivation, NFT strategies, as well as products and ecosystems. Specific content includes:

1. Promoting user engagement with Vortex through weekly community activities, Sunshine Rewards, themed trading competitions, and more.

2. Co-launching the Core User Development Program, rewarding VTX tokens to cultivate core users.

3. NFT strategic cooperation, releasing co-branded NFTs with Launchpad privileges.

4. Conducting themed mining activities.

5. Planning to provide support for Bee by launching a Sub-site.

These rich community activities and deep collaborations have significantly increased the vitality of both parties’ communities and the size of their user bases. In addition to BeeNetwork, Vortex has also formed a deep partnership with a social media platform that has provided comprehensive support and helped Vortex gain many loyal users.

Next, Vortex will continue to leverage its technological advantages and collaborate with RAAS infrastructure service providers and public chain ecosystems to achieve multi-chain deployment. The Sub-site model will be used to provide services to partners. Recently, Vortex has received developer support from PegoChain, which is also a significant aspect of Vortex’s multi-chain strategy. Vortex will continue to cooperate with ecosystems similar to PegoChain to promote cross-chain liquidity interchange.

Through this series of strategic collaborations with communities and ecosystems, Vortex has experienced significant growth in community influence and user base. Vortex will continue to leverage its strengths to expand its collaboration opportunities. It is believed that Vortex will provide a high-quality decentralized trading experience for more users and create greater value for its partners.

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To continuously record and incrementally increase the rights of core users for their comprehensive trading behaviors on the Vortex platform, and to enable the splitting and trading of those rights, Vortex has found an innovative technical solution. Vortex has introduced DID-ERC6551, a user trading identity NFT based on the ERC-6551 protocol, bringing a whole new set of changes and possibilities to the user growth system.

What is ERC-6551?

ERC-6551 is a standard for token-bound accounts on the Ethereum network. It was proposed in February 2023 and deployed on the Ethereum mainnet on May 7, 2023. This standard allows for the creation of smart contract wallets for each ERC-721 NFT, enhancing their composability, dynamism, and interactivity.

This standard enables the creation of Token-Bound Accounts (TBAs), which are smart contract wallets with creation interfaces and registries owned by ERC-721 tokens. This endows NFTs with two important features. The first is the ‘ability to own assets,’ whether they are ERC-20, ERC-721, or ERC-1155 tokens. The second is the ‘ability to participate in community governance,’ such as becoming a signatory for multi-signature contracts or voting on community proposals.

This provides community members with more incentives to deeply engage in Vortex’s trading ecosystem. After acquiring a DID-ERC6551 identity NFT, users can interact with different product features, meet token burn requirements, become members or dividend node members, and participate in the platform’s Staking and Lending functionalities to earn corresponding rights tickets. This opens up countless possibilities for Vortex’s loyalty and reputation systems.

Vortex Builds a Trading User Growth System Through ERC-6551

ERC-6551 allows for the creation of token-bound accounts for each NFT, giving NFTs the direct ability to control assets and participate in governance. This provides a foundation for Vortex to construct a unique user incentive system. The features and applicable scenarios of this standard align well with Vortex’s focus on membership systems and user governance. Therefore, Vortex plans to use ERC-6551 to create a one-of-a-kind trading user growth system, which is a first in the DeFi sector.

Vortex will issue identity NFTs called DID-ERC6551s, built on the ERC-6551 standard, to user accounts that meet certain criteria. Users will have an upgradable, growing NFT account. DID-ERC6551s not only record membership rights and verify asset credentials but also have transferable and appreciable properties.

Characteristics of DID-ERC6551:

1.Accumulates upgradability and growth along with trading behaviors

2.DID-ERC6551 is tradable

3.DID-ERC6551 can own multiple assets

4.Various assets/rights NFTs within DID-ERC6551 are transferable, tradable, and combinable

The Vortex Equity Trading Platform is about to launch.

Benefiting from the ERC-6551 standard, Vortex users will have a unified NFT account, integrating membership management, equity records, and reward redemption. Moreover, users can interact with other on-chain DAPPs in partnership with Vortex using this NFT account. Data can be accumulated in the NFT account, recording all the user’s rights and interaction records.

DID-ERC6551 will be able to own or manage the following assets:

- Management of membership level NFTs

- Membership benefits include but are not limited to trade boosters, Launpad WL tickets

- Monthly node reward tickets

- RWA asset certificates purchased by users

- Tickets for user participation in staking, lending, etc.

- Periodic airdrop incentive NFTs.

- Joint equity tickets launched by Vortex and other cooperating parties and listing projects.

-LP Staking certificate

-Financial products certificate

Taking trade mining as an example, users can obtain a total of 6 levels of trade mining output ratios and different rewards by purchasing trade boosters. The boosters purchased by users will be presented in the form of NFTs in their accounts. If users no longer need these boosters later on, they can also facilitate the circulation of NFT rights on the platform through transfers and trades. Vortex platform achieves high liquidity of rights in this manner, while reducing the holding costs for users to acquire platform benefits.

In Vortex’s economic incentive model, node invitations are also an important incentive component. Vortex node invitations are divided into Apprentice Level, Domain Lord Level, Planet Level, Star Level, and Universe Level. Different levels come with different NFTs, and users holding these NFTs can receive daily passive VTX rewards according to the rules, as well as a semi-annual 5% fee dividend. Similarly, if users do not require these privileges, they can also facilitate the circulation of NFT rights on the platform through transfers and trades.

Since various data and rights are encapsulated as NFTs and users can freely dispose of them, this unique equity system also brings more innovative gameplay to users. Based on DID-ERC6551, the Vortex Equity Trading Platform is about to launch. Through the Vortex Equity Trading Platform, users can mint, split, and trade Vortex NFTs, Vortex membership rights, and rights provided by Vortex partners. This allows users to have more comprehensive control over their rights.

Vortex places great emphasis on user contributions and platform loyalty, rewarding users through various economic incentive models. The ERC-6551 standard provides Vortex with new possibilities to further enrich the user growth system. Through the perfect combination of technological innovation and mechanism design, Vortex will create an unprecedented user growth system, allowing users to truly become the core force of the platform and benefit in the long term. Vortex is leading Defi into a new era of user governance and continuous incentives.

Vortex is a multi-chain liquidity aggregator based on ZK-SNARKs, catering to peer-to-peer (orderbook) and liquidity pool (LP liquidity pool) trading for spot and perpetual contracts in a fully decentralized environment. Vortex has already launched mainstream coin spot trading on its orderbook, with daily on-chain trading volumes ranging from 8 to 10 million USD.

Vortex boasts a comprehensive reserve of feature development and anticipates completing product enhancements related to the trading ecosystem in Q4. These enhancements include orderbook contracts, lending, and collateralization features. Vortex aims to expand decentralized financial services on top of its core trading product, with a particular emphasis on Real World Assets (RWA).

Introduction to RWA — Tokenizing Real-World Assets
RWA stands for the Tokenization of Real-World Assets, which is the process of converting ownership value and any associated rights of tangible or intangible assets into digital tokens. This enables digital ownership, transfer, and storage of assets without the need for central intermediaries, mapping the value onto the blockchain for trading.

RWA facilitates the transition of real-world assets, traditionally off-chain, onto the blockchain, serving as a significant source of real yield for the crypto market. Since the early days of blockchain technology, market participants have been seeking ways to bring RWAs onto the blockchain. With the maturation of underlying technology and DeFi, RWA has once again become a focal point of interest in the market.

RWA can provide sustainable, diverse types of real yields backed by traditional assets for the crypto market. Moreover, RWA can bridge the decentralized financial system with the traditional financial system, tapping into trillions of dollars in asset markets. This means that besides injecting incremental funds into the crypto market, RWA can also access massive liquidity, broad market opportunities, and significant value capture from traditional financial markets.

(Source: New BCG report: Asset tokenization projected to grow 50x into a US$ 16 trillion opportunity by 2030)

There are various types of RWA projects, with three main categories at the current stage:
1. Fixed-income projects based on off-chain assets like US bonds, stocks, real estate, art, etc.
2. Public credit projects based on assets issued or traded in public markets.
3. Market trading projects based on virtual assets like carbon credits.

Vortex’s RWA model aligns more closely with the first category. It collaborates with publicly-listed companies to capture yield from underlying assets such as US bonds and stocks using platform-native assets and cryptocurrencies. This approach provides community members with more robust long-term returns.

Vortex believes that tokens are carriers of value, and the value RWA can bring depends on bringing the rights/values of underlying assets onto the blockchain and its use cases. Therefore, Vortex plans to launch RWA-related business in Q1 2024. It will collaborate with partners to acquire assets such as stocks, US bonds, and foreign exchange, and map interest-bearing assets onto the blockchain. Users can use stablecoins or the Vortex platform token (VTX) to directly acquire ownership rights in assets like stocks and bonds, reducing entry barriers and providing stable returns.

Additionally, Vortex plans to introduce perpetual contracts for traditional financial assets in the orderbook contract segment, using USDT as collateral for trading volatile assets like US stocks.

Beyond on-chain asset integration, Vortex will integrate the composability of DeFi Lego blocks to further explore the possibilities of RWA+DeFi. By introducing RWA assets with low correlation to native crypto assets and stability, Vortex can effectively mitigate the high volatility of crypto assets during extreme market conditions. Moreover, when on-chain trading activity is subdued, interest-bearing RWA assets can still provide users with stable returns. We believe this will be highly beneficial for users and look forward to the upcoming RWA products that Vortex will launch.

Follow us: linktr.ee/VortexDex
How to trade on Vortex (Layer 2)? : https://www.youtube.com/watchv=Hovpoz-sm80%E3%80%81