π¦RexBit Exchange
Welcome! π―
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Welcome! π―
Last updated
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A decentralized exchange that improves user experience & performance.
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.
Feature
Description
Zero Gas Fees
πNo gas fees for shares within the DEX, making transactions more affordable and accessible. 100% Gas Free.
Zero Latency
πSub-millisecond transaction finality for real-time trading without typical blockchain delays. <1ms - <1s Finality.
Zero Friction
π1-click trading experience, mirroring the ease of centralized exchanges.
Efficiency
πTrade without MEV, slippage. ~0% Slippage.
Blind Computing Orderbook
πPrivate transaction details until execution, ensuring maximum confidentiality and security. Decentralized blind computation. (Athena).
Interoperability
πEVM agnostic.
πTrade with users from all blockchains without even realizing it.
πAll 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
πSend tokens between blockchains instantly and P2P. Secure & no waiting.
Flexibility
πAccess the DEX through Telegram too for 24/7 convenience and broad user reach (Athena).
On/Off Ramp
πSeamless fiat and crypto conversions (Athena).
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:
Deposit Funds π
Lock your funds into a smart contract (Vault) on your chosen blockchain.
Trade Instantly β‘
Execute unlimited transactions without gas fees, latency, or friction using state channels.
Withdraw Funds πΈ
Unlock and withdraw your funds from the smart contract whenever you choose.
Super State Channels are the backbone of RexBit Exchange, enabling high-speed, private transactions without overloading the main blockchain.
Component
Description
Peer-to-Peer Communication
Decentralized network facilitating direct transactions among users.
Blockchain Escrow Contracts
Secure smart contracts managing deposits, withdrawals, and disputes.
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
πEVM agnostic.
πTrade with users from all blockchains without even realizing it.
πAll your blockain tokens as 1 only.
πLimited to specific chains
πLimited to blockchain users
πFragmented 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
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.
Several of the features will be deployed when we launch Mainnet!
