The vision at OpenWorld Exchange is simple:
We bring a multi-asset (crypto, stock, bond, cmdty, forex) management platform with ultra-secure decentralized order book trading experience (akin to Binance) to the multi-chain DeFi-verse.
🔭Here's a quick thread to elaborate 📷🚀
We’re officially launching our "OWX Galxe Assembly" campaign that runs simultaneously with
@zkLink_Official
's: Summer Tour !
Our Week 1 tasks are available on
@Galxe
:
There's lots of easy points to collect!
Ready for OpenWorld Exchange's Testnet?
Faucet starts tonight!
Members earn through this campaign will...
👨🎓claim "Testnet Trader" role
📜receive exclusive updates
🪙receive special future reward
...for your contribution during this crucial phase!
Get started on the OpenWorld Exchange testnet:
🔥 Stock, bond, cmdty, forex & crypto in one platform
🔖 Trade with limit orders
🚀 Trade with leverage and short-selling
🪙 Stablecoin for settlement
💰 Trade from decentralized wallet
🔭Next: Incentives
Explore multi-chain crypto on the "one stop" zkLink Summer Tour ☀️
→
We've got hundreds of prizes 🎁 and rewards 💸 for you to try hot new projects & L2 rollups 🔥
But you might be shocked 😲 to learn about our hidden agenda for you to take part...
👇
We are beyond thrilled to announce our latest feature: Sell.
Yes, you read that right. Available on MetaMask Portfolio, ‘Sell’ allows you to cash out your crypto for fiat currency easily.
🔗 Discover more at
Nividia closed at $471.16 today, and after-hour price went up to over $500. Our testnet fren opened position for 1000 shares before market closed, and went up +9.17% (incl. after-hour hike).
Yes, we support after-hour trading! 🤑
Monetize your market insight with stablecoin!💵
🔥🔥🔥
We proudly announce that we teamed up with TaskOn, a web3 task collaboration platform to launch Testnet Trading Campaign on their site.
Together, we offer 10,000
#CAPs
reward & Discord "⚒️Testnet Trader" role (eligible for future reward) to invite you experience our
🎉 Exciting times are upon us as
#TaskOn
partners with
@OpenWorldEX
, the first multi-asset
#DEX
(
#crypto
, stock, bond, cmdty & forex) with multi-chain deployment and CEX experience.
🎁 Be among the first to share from the limited 10,000
#CAPs
reward pool & experience
#OWXTestnet
People are making bank runs on
#BTC
out of
#CEX
. This says something about people's faith and trust in the centralized finance📉...and DeFi is where the 🪙🪙🪙 is gonna flow to📈
🐂🐂🐂
📉
#Bitcoin
$BTC Balance on Exchanges just reached a 5-year low of 2,256,045.019 BTC
Previous 5-year low of 2,256,045.979 BTC was observed on 25 August 2023
View metric:
1) When it comes to RWA, people often thinks of tokenization. Indeed it has advantages in determining ownership and lending business, but it’s very inefficient in trading scene. That’s why we use perpetual contract (derivative) to trade RWA (stock, bond, cmdty and forex).
Real World Assets are off-chain assets, which are tokenized and brought on-chain for use in
#DeFi
. 🔗
How does it work and why do we need it if they exist in the real world? 🧐
Love the vibe of our community. Glad that our members are enjoying our platform!
For newcomers, get "Testnet Trader" role and leave your feedback on Discord for future reward!
Testnet:
Discord:
Get Role:
Globalization used to drive economic growth for most countries around the world, now is hindered by the geopolitical dynamics. As believers in globalization, we yearn for an open world with efficient mechenism to improve people's well being and fortune.
Globalization has turned into "slowbalization" in recent years. Now, geoeconomic fragmentation, or the breakdown of economic cooperation among nations, threatens to undo the integration that has improved the lives of billions of people.
Without OpenWorld Exchange, you'll be forced to manage your cryptos, stocks, forexs, etc. across DOZENS of web2 and web3 apps. Moving fund across accounts is a nightmare. Or you've never tried other asset that could've earn you more💰
Our platform has fixed them for you🚀
Without investment, the money you saved will be eroded by inflation. To keep and grow your fortune, we provides you with the broadest investment opportunities. We eliminated the barrier of entry for cross-border & cross-asset investment, making the privilege accessible to all ppl
We are on the mission of promoting social justice and equality, as well as contributing to a stronger economic system with better finance and investment accessibility!
Learn more on Discord
Galxe campaign (airdrop)
Ending inequality and fostering respect toward all people are essential for achieving the
#GlobalGoals
and a more peaceful world for all.
Here’s how you can
#ActNow
to help:
Comparing 2 years ago, $BTC is now down 46.7%, and
#NVDA
is up 126.6%. Crypto market has been so stagnant for the last 2 years. Lack of asset diversity is a key reason.
Imagine trading all kinds of popular assets with strong upside using your stablecoin.
Recognize that gain!🤑
OpenWorld Exchange is proud to announce partnership with
@PixieApp
, one of the most exciting Web3 social platforms, which defines the new "Creator Crypto-Economy". By joining forces, two projects promote greater investment accessibility to more via Web3 creator economy.
Until today, most people still buy and sell crypto on
#CEX
, because it's just simple and familiar.
OpenWorld Exchange will be the FIRST
#DEX
to deliver CEX alike trading experience, while providing more asset types beyond cryptos, as well as keeping users' asset to themselves.
Urgent Notice: Security Incident on CoinEx - Immediate Actions Underway
On September 12, 2023, our Risk Control System detected anomalous withdrawals from several hot wallet addresses used to store CoinEx's exchange assets. Promptly recognizing the gravity of the situation, we
We know that you love the trading experience of CEX...but CEX has shown to the world its inherent risk in a painful way.
For our DEX nature, OWX will never go bankrupt, never steal users' asset, and never steal users' valuable data. You will be safe with us!
FTX: Kroll, the claims agent in the bankruptcy, experienced a cybersecurity incident that compromised non-sensitive customer data of certain claimants in the pending bankruptcy case. Please remain on high alert for attempted fraud and scam emails impersonating parties in the
Task 3: Google Form
Go to ⬇️
Complete the form per instruction
Galxe will pick up your wallet address periodically, and verify you for Testnet Trader role
Account abstraction would enable features like:
🔹Social recovery
🔹Multi-signature security
🔹Improved transactions
Let’s find out more on how it works and what are the benefits of account abstraction! 👇
6) Liquidity is key to decentralized exchange for users to enjoy the best trading experience, therefore we partner up with
@zkLink_Official
to aggregate liquidity and user through multi-chain deployment!
(pc: zkLink)
Great work. Nobody should or could impudently fight against market forces.
Also, importantly, everyone should be cautious about algorithmic stablecoins with no value backed.
JUST IN: Global standard-setters
@IMFNews
and
@FinStbBoard
warned against blanket bans on crypto and volatility risks of stablecoins in a new joint policy paper.
By
@iamsandali
Get started on the OpenWorld Exchange testnet:
🔥 Crypto, stock, bond, cmdty & forex in one platform
📷 Trade with limit orders, leverage and short-selling
📷 Stablecoin for settlement
📷 Trade from decentralized wallet💰
OSL, Hong Kong’s first licensed and compliant cryptocurrency exchange, is seeking a sale at a valuation of about $128 million, according to Bloomberg. OSL has been unable to make a profit in the long term and is in a state of loss.
To put into perspective,
#NVDA
outperformed
#BTC
by 4X in 2023. The limited access to assets outside crypto trading universe really cost us💵.
It will soon be history! In OpenWorld, you can easily buy and sell the hottest assets with your stablecoin to maximize your GAIN!🤑🤑
5) RWA can also traded with tokenized RWAs through (over)collateralizing the underlying RWAs by a financial institution. Stablecoins like USDT or USDC are one of the cases. In theory, other RWAs like stocks and bonds can be tokenized in this approach as well.
And...of course, we provide the same trading experience as CEX, so you won't feel unfamilliar
🧾 Order book
🎢 Leverage
🪙 Short selling
⚡️ High transaction speed
and more
USDT and USDC are all subject to centralized regulatory interference. The asset ownership can be altered or taken away so easily…In order to achieve ultimate decentralized trading, our platform uses Dai as default stablecoin to ensure users’ maximized asset security.
0x26e0d078AAC76C9BA2b348825B413744A82A2cfD was added to the blacklist by Tether and Circle today. This address holds 1.29 million USDT and 1.1 million USDC. This address may be related to Chatex, a Russian exchange listed on the sanctions list by OFAC.
1) Introducing OpenWorld's Core Feature
#4
🚩Simple vs. Pro Mode
Pro Mode enables leverage and short selling for experienced traders, while Simple Mode is designed for user with little experience in derivative trading (spot experience)
Testnet @
Lol what would your trading strategy be in the next couple month? Wanna bet on the tech industry or the 10 year treasury bill?
Next week, come to to open your position and find out! (simulation)
6) However, this is subject to great regulatory restrictions and still lacks of strong legal backing in most jurisdictions, which constrains its adoption. Additionally, this approach needs the trustiness of centralized institutions, which could be affected by human misbehavior.
It is foreseeable that as this collaborative framework will gradually expands, as it will bring brand new experiences to Web3 participants and propel the process of blockchains transforming the internet.
Industry insiders have stated that OpenWorld and Pixie’s strengths are complementary. The jointly built social finance system has the potential to become a new paradigm for the open and creativity-inspiring Web3 era, bringing more influence and user stickiness to their projects.
1) According to Boston Consulting Group, on-chain RWA market size will exceed $4 trillion by 2030, almost 4X of current crypto market. The economic value generated from trading in such market will be huge. We believe that perpetual contract is the best trading instrument.
Follow us here on Twitter for more exciting news about our ecosystem dApps and partners, and upcoming incentive campaigns. And join our community on Discord to connect with the team:
@zkLink_Official
7) Permissionless, trustless and no KYC. We want you to enjoy a seamless all-in-one asset management experience, with anonymity and highest level of security. You will retain control over your assets at all times in your own wallet. No other party controls your assets and info.
#BTC
,
#ETH
,
#BNB
along with some other highest priced cryptos fell by about 10% in th past few days.
What do you think would be the turningpoint for the current bear market? Would you want to diversify your asset allocation beyond crypto?
Let me know!🚀
For asset ownership, tokenizing
#RWA
has its advantage, but
#perpetual
contract is the answer to unlock the market liquidity and trading volume. Just look at OTC derivative market.
Pixie is a fully functional crypto-based photo and video sharing social network. Pixie defines a brand new “Creator Crypto-Economy” model and works with its users to build and develop a decentralized social network where users can share content and value.
OpenWorld Exchange is the world's first
#DEX
that enables seamless
#RWA
(stock, bond, commodity, forex) and crypto trading via perpetual contract and order book model. We ensure the highest level of security and multi-chain deployment through zk-rollups with
@zkLink_Official
OpenWorld's vision: We aim to create an open, efficient, secured and uninterrupted trading environment for all internet users, thereby promoting investment accessibility, financial market efficiency, economic equality and welfare around the world.
Real-World Assets: An Alternative Path to TVL Growth
"Despite the stagnant growth of TVL in DeFi – a consequence of unfavourable market sentiments and elevated interest rates hindering liquidity and decelerating capital inflows – Real-World Assets (RWA) have made notable
2) The benefits of trading RWA via perpetual contract significantly outnumber trading via tokenized asset:
- no custodial risk
- free to short-sell
- get leverage
- cross-margin
- easy settlement
- high capital efficiency
…etc.
1) Introducing OpenWorld's Core Feature
#1
🚩Perpetual Contract for
#RWA
and Crypto
Users of OpenWorld trade well-designed perpetual contract that closely track the price of underlying asset. See advantages of perps in comments below.
Testnet at:
You know the expectation for on-chain RWA market is skyrocketing when you see the higher end 2 years ago became the new bottom line. RWA tokenization still faces challenges of scalability, interoperability, custody, etc. Perpetual contract is the new trend to catch on.
OpenWorld Exchange is an order book perp DEX where users trade crypto, stock, bond, commodity and forex 24/7, while enjoying aggregated liquidity of all EVM chains. We promotes global investment accessibility, broadens web3 trading universe, and scales on-chain TVL.
8) No expiration: Comparing with other derivative trading instruments, perpetual contracts is unique as it never expires. Traders could hold a position at will, and don't have to worry about rolling over positions.
7) Cross-margin: In cross-margin mode, all available balances in one’s account can be used as collateral to trade and prevent liquidation, which provides seamless trading experience and lower margin requirements when establishing multiple positions.
7) Low transaction cost: Due to stronger liquidity and higher trading volume in derivative (perpetual contract) market, transaction cost tend to be lower, which in turn will boost user friendliness and retention.
1) Crypto market has been bearish for a long time.
We want our users to gain exposure in different types of asset with strong growth potential through their toughest time and beyond.
We enable them to trade all kinds of popular asset seamlessly, with high capital efficiency.
In this ecosystem, users can enjoy smooth asset trading experiences while sharing insights with others via the social platform; they can also profit from creating content or earn returns from trading. This will significantly drive wider user adoption of the DeFi and SocialFi
7) Order Book-AMM Hybrid: OpenWorld has exposure in multiple markets with different asset class, where some lacks liquidity. We are now developing a Order Book-AMM hybrid model to ensure illiquid markets could function well with sufficient liquidity without any market maker.
@zkLink_Official
5) Zk-rollup solutions can be customized to meet specific application requirements, such as improving transaction speed, reducing gas fees, and providing additional features. It helps OpenWorld to provide great user experience.
1) Introducing OpenWorld's Core Feature
#2
🚩Order Book Model
OpenWorld implements order book model to assist users in providing and obtaining liquidity, and establishing trading prices. Find out more in the comments below.
Testnet at:
6) Liquidity Efficiency: In order book model, Market Makers could efficiently provide liquidity by placing buy or sell limit orders around current market price, while control risk to reflect latest market dynamics.
1) Introducing OpenWorld's Core Feature
#3
🚩Multi-Chain Deployment
OpenWorld is deployed with
@zkLink_Official
's zk-rollup middleware to multiple public chains to achieve easy access, high performance, fund security and liquidity aggregation.
Testnet @
1) OpenWorld's Implementation
🕋ZK-Rollup
For users to enjoy quick access, quick finality and security, OpenWorld chooses
@zkLink_Official
as the zk-rollup vendor and ecosystem partner.
Testnet at:
4) In addition, synthetic asset relies heavily on oracle price of RWAs, which makes it vulnerable to attack, and lack of price discovery capability. Also during non-trading hours of RWAs, the capability of minting more synthetic assets is limited.
8) No custodian: Perpetual contract has no custodian risk (embazzle, freeze, hack. fraud), while tokenized RWA would rely on centralized custodian to collateralize underlying assets.
Going forward, OpenWorld Exchange will work with Pixie to encourage communities to share more about life and investment opportunity. We will provide Pixie users with fresh market insight, especially on the 24/7 traded TradFi asset, to bring investment opportunities to the public.
@anndylian
@CryptoSlate
Hi, I received message from hacker on both Discord and Telegram using your image and info (with your journalist profile and LinkedIn page on CryptoSlate).
@zkLink_Official
6) OpenWorld chooses zkLink as the zk-rollup vendor and ecosystem partner. Not only zkLink solves the transaction efficiency challenge, it also helps OpenWorld to solve the common challenge of any DEX – liquidity fragmentation, through multi-chain deployment.