Hxro (HXRO)

Trading and Derivatives

Hxro is a platform that makes crypto derivatives trading easy and fun by combining trading with skill-based gaming. Users can trade digital asset derivatives like futures, options, and swaps using a parimutuel model that offers transparency and fairness. It allows traders to express opinions on price movements, hedge risks, and engage in peer-to-peer contracts.

Gaming and User Engagement

Hxro gamifies crypto trading by turning it into skill-based contests where players compete in timed events predicting crypto price directions. This approach makes trading more accessible and enjoyable, attracting both beginners and experienced traders.

Token Utility

The HXRO token is used to pay entrance fees for games, gain platform status, receive fee discounts, and earn rewards. Token holders can participate in governance decisions and benefit from ecosystem growth through staking and revenue sharing.

Infrastructure and Ecosystem

Hxro provides protocols that unify liquidity for on-chain trading apps, enabling developers to build derivatives products without sourcing their own liquidity. This infrastructure supports a wide range of derivatives markets on the Solana blockchain, making it a base layer for decentralized derivatives trading.

Pros

• Hxro combines crypto trading with skill-based social gaming, making trading more engaging and fun.
• It offers a unique derivatives trading platform with perpetual, time-based contracts called MoonRekt.
• The platform is built by experienced traders from traditional finance, bringing deep market knowledge.
• HXRO token holders get fee reductions and can participate in governance decisions.
• The network supports decentralized liquidity, risk, margin, and settlement infrastructure on Solana.
• Transparent and fair peer-to-peer contract payoffs through a parimutuel model.
• Continuous trading opportunities with contracts expiring and renewing perpetually.
• Integration with real-time pricing data from major crypto exchanges.

Cons

• HXRO price can be volatile and affected by overall crypto market fluctuations.
• No maximum supply cap on HXRO tokens, which may impact long-term price stability.
• Some users note manual withdrawal processes, which can be less convenient.
• The platform and token are relatively niche, which might limit liquidity compared to larger exchanges.
• As a specialized derivatives and gaming platform, it may have a steeper learning curve for beginners.

For more details, visit hxro.io.

Founders of Hxro

Hxro was co-founded by Dan Gunsberg, Rob Levy, Lawrence Richardson, Danny Johnson, and Greg Zanotti. These founders are financial industry veterans with extensive experience in traditional and crypto derivatives trading. Dan Gunsberg serves as CEO, and Rob Levy is also a co-founder and president of the company.

Investors in Hxro

Hxro has raised funding from several well-known investors in both traditional finance and crypto sectors. Key investors include:

• Commonwealth Asset Management: A macro hedge fund that led a $15 million token sale round.
• Jump Crypto: A major crypto trading infrastructure firm.
• Blockchain Capital: A venture capital firm focused on blockchain technology.
• SIG DT Investments: The venture arm of Susquehanna International Group, a large traditional trading firm.
• Alameda Research: A quantitative cryptocurrency trading firm.
• Coinbase Ventures: The investment arm of the Coinbase exchange.
• Solana Ventures: The investment fund of the Solana blockchain ecosystem.
• Chicago Trading Company: A traditional trading firm involved in the latest funding rounds.

Hxro has raised over $49 million from more than a dozen investors, combining expertise from both crypto and traditional financial markets to support its derivatives trading platform on Solana.

Halal Status of Hxro

• Yes, Hxro is generally considered halal by Islamic finance principles because it serves legitimate trading purposes within its ecosystem, including governance rights, staking rewards, and fee discounts.
• The Hxro network operates a derivatives infrastructure involving actual asset ownership and exchange, which aligns with some Shariah-compliant trading activities.
• However, as with many cryptocurrencies, the halal status can depend on individual interpretation and the specific use case within Islamic law.

For detailed and personalized guidance, consulting a qualified Islamic finance scholar is recommended.