This New Year RelayX is excited to announce the launch of Rexxie, our official NFT collection that brings holders cute dinosaur NFTs & unique perks on our platform.

The Rexxie mint goes live on January 2nd at 2:22 PM UTC. The full collection is 2222 unique Rexxie NFTs priced at 0.222 BSV each.

This will be the first RelayX Instant-Reveal Mint, meaning that each Rexxie sold is revealed once it’s bought.

We will be rolling out new features throughout the year and Rexxie holders will be the first to access them to the fullest.

Rexxie Origins

OG Rexxie’s first appeared randomly on RelayX 12th August 2021. The description read

Rexxie’s are unique baby T-Rex’, with only 25 in total minted. If demand grows any future Rexxie’s will be airdropped pro-rata to existing Rexxie holders to distribute.

25 were said to be minted, but checking onchain there were 26 (one appeared to have been a misprint duplicate). These OG Rexxie’s were minted before we had even coded up the Collection Minter tool, so they were all minted as 1 of 1s and priced very low at 0.03 BSV. Within a few hours they had all been bought and some started to sell for over 1 BSV.

We loved the whole spontaneity of the drop, so the RelayX team decided to change our pfp to Rexxie 1 to support the project, which drove even more excitement for Rexxie’s. NFT collector 1sonic eventually acquired Rexxie 1 for 15 BSV a few months later.

About a week after the mint, the creator started to airdrop Rexxie Eggs to the OG Rexxie holders. These would later “hatch” into Rexxie Babies.

After a period of inactivity, we reached out to the anon Rexxie creator — who turned out to be a woman but we still don’t know much about her. RelayX decided to commission a full collection from her which we could use as our official NFT collection, leading to Rexxie, the Official RelayX NFT Collection.

Rexxie — the Official RelayX NFT Collection was originally published in Relay Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

We regret to inform you that due to changes in policy by the issuer we are no longer able to top up your existing RelayX Cards that work on the VISA network.*

All top ups are currently suspended and any failed top ups will have been refunded to your RelayX wallet now.

As a courtesy our card program manager Aerapass is giving all existing RelayX Card holders the opportunity to switch to a Unionpay card free of charge for the next 30 days. You will have received an email from Aerapass about this by now.

In order to switch:

• Go to https://aerapass.io/ and contact the Aerapass support team.
• If you do the conversion yourself via the Aerapass website it will show a default $25 charge. You need to contact Aerapass directly to take advantage of the free conversion.
• You will then get an email to re-confirm your shipping address where your new Unionpay card will be sent.
• For those not needing the physical card, the virtual card will be a faster process — login to aerapass.io, click manage card > new card > virtual card > apply

About Unionpay

Unionpay is the major card scheme in mainland China. It is the largest card payment processing organization in the world, surpassing VISA and Mastercard. Cards are accepted in 180 countries across 55 million merchants. In the USA, Unionpay is accepted at 80% of physical merchant stores. In Europe, Unionpay is accepted at 60% of physical merchant stores.

For any questions or concerns please reach out to support@relayx.io or https://twitter.com/RelayX_Support

Notes:

• All remaining balance on existing RelayX Cards will still be usable until the balance is zero. You will however no longer be able to top up until you request the new Unionpay card.
• Top ups will remain suspended temporarily while we work through this transition.
• Any new RelayX Card that is ordered will automatically be sent the Unionpay version.
• Unfortunately the existing card designs will no longer be available on the new Unionpay cards.

*Only Singaporean residents can continue using the RelayX Card as it is on the VISA network. If you have residency in Singapore you can update your proof of address to continue using the card on VISA.

Crypto is a $1 trillion industry that has captured the attention of the world’s talent and capital. Bridges have been made between the crypto ecosystem and the legacy world evidenced by products such as bringing BTC and ETH to the CME and ETFs in traditional finance and likewise the other direction like USD being bridged as a stablecoin in the form of USDC, USDT etc.

BitCoin has been missing a bridge to the crypto world and crypto assets have largely not been tokenised on BitCoin.

We are changing that. At RelayX, we experimented manually bridging SAITO onto the RelayX DEX and AMM with great adoption. We saw mutual cooperation that led to benefits for both chains. To this end, we want to continue bridging crypto together with BSV. Our roadmap on this front is outlined below:

• List selected ERC-20 tokens onto BSV as RUN tokens
• Enable withdrawals of existing ERC-20 based RUN tokens (i.e. USDC, SAITO, WOO)
• Enable deposits of selected ERC-20 tokens
• New listings with full deposit and withdraw support
• Mint BSV as an ERC-20 token, wBSV, to take advantage of existing DEX/AMMs on other chains
• Consider building bridges to other chains

Why is RelayX doing this?

Many of our customers want access to assets that aren’t natively issued on BitCoin in addition to all of the newly minted tokens by creators on RelayX. As centralised exchanges delist BSV and those who still support BSV enforce 200+ confirmations (36+ hours) for deposits, it has become increasingly difficult to move coins on-chain between dApps and accessing liquidity on centralised venues. Our goal is to bring that liquidity to BSV itself by listing crypto assets. You delist, we list.

We aim to become the easiest way for people around the world to create, trade, and use assets, be it non-fungible tokens or fungible tokens. We have been at the forefront of innovations like Trademail and the Superwallet, and the Relay Bridge will be built in native form factors that we hope will delight our customers.

Long term we believe more and more of the assets people use on-chain will be natively minted on BitCoin and our efforts here are in support of that transition, not against.

But isn’t Crypto going to disappear?

The Ethereum ecosystem has seen a Cambrian explosion of dApps, DAOs, DeFi, NFTs and more. With multiple L2 scaling solutions like zkEVM, it’s clear the network effects of Ethereum are here to stay for the foreseeable future.

Through Vitalik Buterin’s strong leadership and vision, Ethereum has formed token standards like ERC-20 for fungible tokens and ERC-721 for NFTs. These token standards have persisted beyond the Ethereum chain — where even the “Ethereum killers” like BNB launched first as an ERC-20 token.

There is a deep understanding of the value of interoperability and composability within the Ethereum ecosystem. With a Metamask wallet you can connect with all EVM compatible chains like Binance Smart Chain, Polkadot, Fantom, Polygon and more.

BSV conversely has gone down a naive and overly optimistic approach. The same mentality of interoperability and composability has not been present, leading to eight separate token standards with none having significant network effects within BSV. By being caught up in legal battles and an attitude that has been anti-crypto, the price of BSV has come back to ATLs again as liquidity dries up from exchange delistings and market makers leaving BSV.

We acknowledge the leadership of Xiaohui Liu and Craig Wright’s recent pivot who have both signaled attempts to bridge BSV with the Ethereum ecosystem, i.e. with the BSV Solidity Transpiler.

The REX1 reward period lasted 20,160 blocks between block 677904 to block 698064, roughly 20 weeks. Trading fees totalling 71.0618434 BSV accrued to the REX1 reward pool in that period. An airdrop for all the BSV in the reward pool was then sent out on 11th March 2022 to all REX1 holders — this marked the end of REX1 in that form.

Today we announce REX — the native token of RelayX. Instead of minting a new token for REX, we decided to use the existing token contract from REX1. This way we can fully shut down trading of REX1 and not have variations of it left.

As of 14th April 2022, REX1 will be renamed to REX. The supply will also be increased from the current 800,000 to 210,000,000 tokens. REX will now become a permanent token that trades at relayx.com/market/REX.

This is all we can share for now. Stay tuned for further updates on this front.

RelayX Team

We will be sending out 71.0618434 BSV from the REX1 reward pool pro-rata to all REX1 holders, with the snapshot taken at block height 730258 — the closest block to 3:30pm UTC on 11th March 2022.

The block height snapshot marks our one year anniversary since launching the first DEX on Bitcoin SV, with SHUA/BSV going live as the first trading pair.

The BSV in the reward pool was generated over a roughly 4 month period. REX1 was a trial for a BSV rewards program to benefit our early users and traders on the DEX. You can read more in the original REX1 announcement post.

A total of 39,891 transactions were made into the REX1 reward pool. Many of these transactions were only a few cents which we consolidated the UTXOs for and will send out to 3,791 REX1 holders.

The REX1 experiment gave us many key insights into tokenomics and we are glad to now bring it to a close by fulfilling all REX1 redemptions. While we had said the original redemption would be in a 10,080 block timeframe we had obviously gone beyond the expiry deadline and have decided instead to complete the redemption process this way for every REX1 holder.

Note: We need to index the chain in order to calculate the amount of BSV sent to REX1 holders, so BSV rewards will not arrive in your wallets until tomorrow, or 14th March latest. The snapshot has already been taken so any purchases of REX1 from now will not qualify for the rewards.

FloatSV trading platform will officially suspend service on 5pm January 30, 2022 (UTC) due to a strategic adjustment. In order to ensure the safety of your digital assets on FloatSV and avoid unnecessary losses, please make sure to withdraw all your assets prior to suspension.

Timeline is as follows:

1. FloatSV will suspend deposits on 10am January 27, 2022 (UTC) while you can still withdraw your assets.

2. FloatSV will suspend fiat, spot and leverage trading on 5pm February 25, 2022 (UTC). The system will cancel existing orders while you can still withdraw assets.

3. FloatSV will suspend withdrawals on 5pm March 15th, 2022 (UTC) and officially stop service.

Thank you for your understanding and support.

FloatSV Team

RelayX is excited to announce the upcoming dates for the Gopnikz NFT drop. There will be a total of 3,000 Gopnikz NFTs for sale, listed in batches of 250 NFTs. The batches will drop at relayx.com/market/GOP/

The Gopnikz Drop will start Wednesday 13th October 2021 at 3:00 pm UTC. Batches of 250 NFTs will continue to drop after each one sells ut, up to a maximum of 12 batches. Each Gopnik NFT will cost 0.33 BSV.

The sale of the Gopnikz NFTs will be the first provably fair distributed sale of NFTs on the Bitcoin SV blockchain. This means neither the creators of the Gopnikz nor RelayX will know what Gopnik they end up buying. So no one can selectively buy up rare Gopnik jpegs.

The Sale

There are 12 batches of 250 random Gopnikz. Batches will be available starting on 13th October. Once a batch sells out, the next one will be made available for a total of 12 batches or 3,000 Gopnikz.

Encrypted images of random Gopnikz will be uploaded on-chain before each batch begins.

People buy a header token that represents a random Gopnik in a current batch. The generic Gopnik token will be mapped to the pre-minted encrypted token. From the user’s point of view, they will buy a Gopnik, and only after their batch ends will they see what their Gopnik looks like.

To make the distribution fair, a block hash is used to randomize the mapping between the encrypted Gopnik token and the pre-minted Gopnik. The last sale of Gopnik in a batch will mark the block hash used. If that batch of Gopnikz does not sell out, then the 144th block from that day is used instead. No one will see what Gopnik they have until the block hash is published.

On other blockchains, only hashes of the images are uploaded to the chain because the actual image file is usually stored on IPFS. On BSV however, we can upload the entire image directly on-chain.

Once all Gopnikz is revealed, a rarity chart will be made available to show how rare the different traits are.

Artwork of the Genesis Series

The Gopnikz artwork was initially hand-drawn by Claudia Vaduvescu. She drew 35 archetypal Squatting Slavs which were used as the genesis series as the foundation to algorithmically create an additional 3,000 Gopnikz — each with their own unique combination of traits.

On 25th October, there will be a dutch auction for the hand-drawn genesis Gopnikz that seeded the entire collection. Stay updated on the Gopnikz Twitter for further details on this.

About Gopnikz

Gopnikz are 3,000 algorithmically generated NFTs based on the gopnik subculture in Eastern Europe. They were popularised on the Internet through the squatting slavs meme which featured Slavic guys wearing Adidas tracksuits in the squatting position. Nobody knows why they squat. Some say because they have no chairs. Others say it’s because of the cold.

To learn more about Gopnikz:

• Website
• Gopnikz NFT AMA
• Twitter
• Telegram
• Discord

As per our tweet yesterday we have received several questions asking about the future plan for tickers.

First, we want to emphasise that we are committed to delivering value to the 80+ existing ticker holders who bought at a price point of 4 BSV or higher.

However due to delays in development, we don’t want further purchases of tickers to have expectations of the features that are still in development like the storefront and revenue share.

So going forward, all sales of tickers at 1 BSV (or lower) from now on will only be a token contract binding service with the 3-letter ticker shortener.

By purchasing a ticker you can bind token contracts that were previously:

https://relayx.com/market/702953d99ddd890ec690f239db761adda3e48ed62ad1656891a96b17fe7efc86_o1

To a 3-letter ticker, as the below example:

https://relayx.com/market/ABC

By simplifying what ticker purchases represent, it enables us greater flexibility with our future plans to expand the platform. Ultimately we believe these expansions will better benefit users, including ticker holders.

We look forward to sharing with you all what we have been quietly building when it is ready.

From 1:45pm UTC 10th June, all users will be able to mint their own NFTs at relayx.com/mint

Users have already been able to mint Fungible Tokens (FTs) and now we add NFTs to our suite of tools. All NFTs that users mint will be instantly available to list for sale on the marketplace. Users who have a RelayX card will also be able to instantly spend their earnings nearly anywhere in the world.

The NFT minter marks a transformational point within the BSV space. As we have showcased previously, NFTs can facilitate sales of a physical item like the RelayX Card, digital-only items like the PewPew GIFs, or revenue sharing rights like the tickers. Tokens can represent an infinite range of goods and services within the Bitcoin economy. From bitcoin-backed tokens to time-backed tokens to tokens that redeem for an analysis report. What was previously sold in the legacy world can all be sold with less friction on Bitcoin. Markets that were not previously possible in the legacy world can be created and made liquid in the Bitcoin world.

A user selling an item on Etsy today for $4 can expect to only receive $2.50 in their pocket after the fee for listing, fee for selling the item and fee for transaction has been paid. Each fee marks a level of friction that RelayX wants to reduce or remove completely.

Now users who want to onboard onto Bitcoin can do so without going through an exchange and buying bitcoin with fiat first. Users can mint real world goods and services in the form of tokens and sell them directly for BSV. RelayX is happy to cover the network mining fees for users who do not have enough satoshis to mint a token.

We will continue to release tools that will help to properly curate, discover and launch tokens. Tools to help manage your minted tokens and ways to build trust and reputation for sellers are to come. We want to continue empowering creators with unique additions like royalties and more. The NFT Minter marks a further step in the transition towards a real-time economy.

The team at RelayX is looking forward to the further unleashing of creativity in the world. What NFT idea will you mint today?

P.S. In celebration of Coingeek this week, stay tuned to our @relayxio twitter for some exclusive NFT drops.

FloatSV was created in response to the mass delisting campaign against Bitcoin SV (BSV) that happened in April 2019.

Since then FloatSV has averaged several hundred thousand dollars in daily trading volume over the last two years. Today we have over 150 different trading pairs, with the majority of volume done on BSV pairs. In the last month daily trading volume has hit over $1 million per day on some days and our all-time peak daily volume has been over $5 million.

We’ve had a few thousand users sign up to our platform and today we are announcing the FloatSV Token (FLT). FLT is a gesture of gratitude to our most loyal traders and as a way to reward traders in the future.

We thank you for supporting us all these years.

FLT Tokens

FLT has a fixed supply of 200,000,000 tokens.

20,000,000 (10%) of FLT will be airdropped to early traders of FloatSV on a pro-rata basis from the amount of trading fees paid between the launch of FloatSV on 17th April 2019 and 17th April 2021.

A total of 60,000,000 (30%) of FLT supply will be airdropped to traders who pay fees over the next 105,120 blocks (~2 years), starting at block 683,215 (17th April 2021). Airdrops will happen every 10,512 blocks from then on (~10 weeks).

Token Allocation

FLT Distribution Between 17th April 2021 to 17th April 2023:

Bitcoin SV Backed Address and Revenue from Trading Fees

Every week, 50% of the profits made from trading fees on FloatSV will be sent to the FloatSV Bitcoin-Backed (BB) address. FloatSV earns revenue in multiple coins so this revenue will be converted to BSV if necessary in order to fulfil the 50% BB address criteria. Other sources of revenue besides the trading fee may or may not be included in the BB address.

FLT holders will be able to redeem FLT for BSV pro-rata based on the amount of FLT tokens and amount of BSV in the BB address. Redemptions will only activate six months after the launch of FLT.

End Period

FLT tokens will be live for the 105,120 block period. There will be a further 25,920 blocks (~6 months) where FLT token holders will be able to redeem FLT for any BSV in the FloatSV BB address. After this point any remaining BSV will belong to FloatSV. FLT will cease to have any utility, purpose or value after. FloatSV may choose to create another loyalty token after this point.

Vesting Schedule for Founders and Team Tokens

Roadmap

On our roadmap over the next two years we want to create a more seamless bridge between any and all assets on FloatSV to become wrapped tokenised assets on the Bitcoin SV blockchain. If successful, this bridge would create a way for tokens on other blockchains, for example BTC, ETH or DeFi tokens to be wrapped onto the BSV blockchain.

FloatSV may also try to list RUN tokens in the future. As we are in a whitelabel partnership with OK Group, we would have to first seek OK Group’s approval before being able to list RUN tokens. As RUN tokens are not currently in OK Group’s technical roadmap — and may never be, FloatSV will likely have to renegotiate our current partnership agreement for this to ever happen. Our current agreement accrues 50–70% of trading fees generated to FloatSV where maker fees are 0.1% and taker fees are 0.15%.

FloatSV as a centralised exchange could bring extra liquidity to the emerging decentralised token ecosystem on BSV, including the recently announced DEX created by the RelayX team.

Disclosures

FloatSV is a whitelabel partnership with OK Group. Therefore the custodian of all funds deposited is OK Group. On October 16th 2020 withdrawals were halted due to an incident at OK Group which also affected FloatSV withdrawals. FloatSV cannot guarantee that such an event or similar event may happen again in the future.

The whitelabel partnership is renewed on an annual basis and is based on mutual benefit. It is not guaranteed that the partnership will renew each year due to unforeseen changes in the economics of the agreement and/or business model of FloatSV and OK Group.

If the partnership with OK Group were to terminate it is likely FloatSV’s business model will terminate too. There are also other risk factors which may be outside of FloatSV’s control which may lead to the termination of FloatSV.

Traders should view the FLT airdrop as a reward for using the FloatSV platform and not as a speculative instrument or a security. The value of FLT is backed only by the amount of BSV held in the public Bitcoin-Backed address and not by other assets owned by FloatSV. FLT may or may not trade above the intrinsic value of BSV held in the Bitcoin-Backed address. All risks associated with buying FLT tokens are the trader’s responsibility.