❓FAQs

FAQs 📰

Welcome to the FAQs! Here you'll find answers to the most important questions about RexBit Exchange. Whether you're new to decentralized finance or looking to enhance your trading experience, this FAQ section will help you understand how RexBit Exchange operates and how you can make the most of its features.

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What is RexBit Exchange?

RexBit Exchange is a decentralized exchange (DEX) designed to enhance user experience and performance. It offers instant transactions, zero gas fees, and ensures privacy and security through advanced technologies like Super State Channels and CLOB Blind Computation.

What are the main advantages of using RexBit Exchange?

RexBit Exchange provides several key benefits, including no gas fees, instant transaction finality under <1 millisecond, enhanced privacy, high scalability, a user-friendly interface, and robust security through self-custody of assets.

How does RexBit Exchange work?

👉RexBit operates in three simple steps:

1. Deposit Funds: Lock your assets into a smart contract on your chosen blockchain.

2. Trade Instantly: Execute unlimited transactions without gas fees or delays using state channels.

3. Withdraw Funds: Unlock and withdraw your assets from the smart contract whenever you choose.

What are the development phases of RexBit Exchange?

👉RexBit is developing in four phases:

1. Prometheus 🔥: Launch testnet, engage the community, and establish partnerships.

2. Athena 🛡️: Deploy mainnet and introduce advanced trading tools.

3. Hyperion 🌅: Expand globally, integrate AI analytics, and add real-world assets.

4. Kronos ⏳: Focus on institutional adoption and future financial innovations.

What are RexBit Improvement Proposals (RIPs) and how can I participate?

RexBit Improvement Proposals (RIPs) allow the community to propose, discuss, and implement platform enhancements. To participate, you need to hold a minimum number of platform tokens. If the token is not yet launched, please request access from the RexBit team. You can submit proposals, engage in discussions, vote on changes, and earn rewards for valuable contributions.

How does RexBit Exchange ensure the security of my funds?

👉RexBit ensures fund security through multiple layers:

• Self-Custody: You maintain control of your private keys and assets.

• Secure Smart Contracts: Manage deposits, withdrawals, and disputes safely.

• Rigorous Security Audits: Regular audits and strategic partnerships strengthen platform security (Mainnet).

• ZKPs.

• Blind Computing.

What is the future vision of RexBit Exchange?

RexBit aims to redefine crypto trading and traditional financial markets by 2029. The vision includes becoming the leading platform for both digital and traditional assets, integrating products like CFDs onto the blockchain, and creating a unified, global financial ecosystem that offers unparalleled liquidity and trading opportunities.

When is the Token Generation Event (TGE) happening?

The Token Generation Event (TGE) has not been confirmed yet. We kindly ask you not to inquire further about the TGE, as the response will remain the same until an official announcement is made.