🦖RexBit Exchange

Welcome! 🎯

Welcome to RexBit Exchange 🚀

A decentralized exchange that improves user experience & performance.

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🌟 Why RexBit Exchange?

Trade smarter, faster, and more securely with RexBit Exchange. Experience a revolutionary decentralized trading platform that eliminates gas fees, ensures instant transactions, and keeps your trades private and secure.

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🔥 Key Features

Feature	Description
Zero Gas Fees	👉No gas fees for shares within the DEX, making transactions more affordable and accessible. 100% Gas Free.
Zero Latency	👉Sub-millisecond transaction finality for real-time trading without typical blockchain delays. <1ms Finality.
Zero Friction	👉1-click trading experience, mirroring the ease of centralized exchanges.
Efficiency	👉Trade without MEV, slippage. ~0% Slippage.
Blind Computing Orderbook	👉Private transaction details until execution, ensuring maximum confidentiality and security. Decentralized blind computation. (Athena).
Interoperability	👉EVM agnostic. 👉Trade with users from all blockchains without even realizing it. 👉All your blockain tokens as 1 only.
Hybrid Access	Choose between Web3 (e.g, MetaMask...) and Web2 (e.g, Google...) login methods, offering versatility in access. Multiple Login Options. MPC TSS + AA Technology (Athena).
Bridges	👉Send tokens between blockchains instantly and P2P. Secure & no waiting.
Flexibility	👉Access the DEX through Telegram too for 24/7 convenience and broad user reach (Athena).
On/Off Ramp	👉Seamless fiat and crypto conversions (Athena).

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🛠 How RexBit Works

RexBit Exchange leverages Super State Channels and CLOB Blind Computation to deliver a superior trading experience. Here's a simplified overview of the trading process:

1. Deposit Funds 🔗

   • Lock your funds into a smart contract (Vault) on your chosen blockchain.

2. Trade Instantly ⚡

   • Execute unlimited transactions without gas fees, latency, or friction using state channels.

3. Withdraw Funds 💸

   • Unlock and withdraw your funds from the smart contract whenever you choose.

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🌐 Super State Channels

Enhancing Scalability and Privacy 🔍

Super State Channels are the backbone of RexBit Exchange, enabling high-speed, private transactions without overloading the main blockchain.

Technical Architecture 🛠️

Component	Description
Peer-to-Peer Communication	Decentralized network facilitating direct transactions among users.
Blockchain Escrow Contracts	Secure smart contracts managing deposits, withdrawals, and disputes.

Benefits in Real Life 🌟

• Zero Gas Fees 💰: Eliminate the cost barrier for frequent traders.

• Instant Transactions ⚡: Enable real-time trading without delays.

• Enhanced Privacy 🔒: Keep transaction details private until execution.

• Scalability 📈: Handle high volumes of transactions seamlessly.

• Seamless User Experience 🌟: Enjoy a smooth, user-friendly interface.

• Robust Security 🛡️: Protect your assets with self-custody.

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📊 Comparative Advantage

Gas Fees	100% Gas Free	Variable gas fees	Non-existent concept
Transaction Speed	<1ms Finality	Slower due to blockchain confirmations	Fast, centralized processing
Privacy	Private until after execution with CLOB	Public transaction details (MEV)	Centralized data
Interoperability	👉EVM agnostic. 👉Trade with users from all blockchains without even realizing it. 👉All your blockain tokens as 1 only.	👉Limited to specific chains 👉Limited to blockchain users 👉Fragmented Liquidity	Typically limited to supported assets
User Experience	Zero Gas ($0 USD), Zero Friction (1 click per action) & Zero Latency (<1ms)	Often bad & complex interfaces and user experience (>clicks & spend gas fees)	User-friendly but centralized
Slippage	Low Slippage (No MEV)	Variable slippage (MEV Problems). Depend AMM or slow CLOBs	Low Slippage. Centralized data.
Security	MPC TSS. Blind Computing. Self-custody. Dependent on SC security	Self-custody. Dependent on SC security	No self-custody. Possible failures like FTX
Accessibility	Web3 and Web2 Login Options, Telegram	Primarily Web3	Web2-centric, broader user base

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🌟 Real-Life Example: Alice and Bob

Scenario: Trading and Transferring Funds

Alice uses RexBit Exchange:

• Instant Trades: Executes trades with less than 1ms finality, ensuring orders are filled almost immediately.

• No Gas Fees: Pays no transaction fees, saving significantly on trading costs.

• Enhanced Privacy: Maintains privacy using CLOB blind computation, keeping her trading strategies confidential.

• Native Token Usage: Doesn't worry about tokens on different blockchains; deposited tokens can be used natively across supported blockchains within RexBit.

• Secure Atomic Cross-Chain Transfers: Sends funds atomically from Ethereum to Polygon instantly without using vulnerable bridges, eliminating the risk of bridge hacks.

• Continuous Trading: Executes multiple trades without incurring additional fees, allowing for high-frequency trading.

• Convenient Access: Accesses the DEX via Telegram, making trading easy and accessible from anywhere.

• Real-Time Market Updates: Receives instant updates on market movements, enabling informed and timely trading decisions.

• Robust Security: Ensures all transactions are secure and protected against unauthorized access or tampering.

• Seamless User Experience: Enjoys a user-friendly interface that simplifies the trading process for both experienced traders and newcomers.

Bob uses a Traditional CEX/DEX:

• Variable Gas Fees (DEX): Faces fluctuating transaction fees, increasing his overall trading costs unpredictably.

• Slow Transactions (DEX): Experiences slower transaction times due to blockchain confirmation delays, often taking over >1 minute and risking missed opportunities.

• Limited Privacy (DEX): Has limited privacy, with all transaction details visible on-chain, exposing his trading strategies to competitors.

• Complex Cross-Chain Trading (CEX): Requires the use of traditional bridges to trade across different blockchains, adding complexity and increasing the risk of bridge hacks.

• Non-Atomic Transfers (CEX & DEX): Cannot send funds atomically across chains without additional steps, leading to potential delays of up to 10 minutes (or days) and increased vulnerability.

• Vulnerable to Bridge Hacks (CEX/Traditionals DeFi bridges): Traditional bridges are susceptible to hacks, risking the loss of funds and compromising security.

• Complex Interface (CEX): Uses a more complicated interface, making the trading experience less user-friendly and harder to navigate.

• Additional Fees for Multiple Trades (DEX): Incurs extra fees for executing multiple transactions, making high-frequency trading costly (> $1 per action).

• Higher Security Risks (CEX): More vulnerable to hacks and unauthorized access due to less robust security measures. FTX.

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Several of the features will be deployed when we launch Mainnet!