RabbitX (RBX)

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Trading Platform

RabbitX is a global decentralized derivatives exchange built on Starknet. It offers 24/7 access to global markets with up to 50x leverage and zero gas fees. Users can trade perpetual futures on cryptocurrencies, stocks, gold, and more, with deep orderbook liquidity and fast execution.

Fee Structure

RabbitX removes network fees by enabling gasless deposits and withdrawals across multiple blockchains. This makes it easier for users to move assets in and out without paying gas fees, improving the trading experience especially for new users.

Token Utility

The RBX token is used for staking, earning trading rewards, and boosting rewards on the platform. It also incentivizes liquidity providers and supports community trading rewards to encourage active participation.

Features and Roadmap

RabbitX plans to launch multiple asset classes for perpetuals (like FX, commodities, interest rates), options orderbook, multi-asset collateral, decentralized sequencer, and layer 3 zk-rollup orderbook. The platform combines innovative zero-knowledge (ZK) infrastructure with a powerful risk engine for security and speed.

User Experience

RabbitX offers a user-friendly interface similar to traditional fintech apps, with easy fiat on-ramps (Visa, MasterCard, UPI, SEPA, Binance transfers) and no KYC requirements, making it accessible and fast for both beginners and experienced traders.

Pros

• Zero Fees: RabbitX offers zero trading fees and gasless deposits and withdrawals, making it cost-effective for users.
• Wide Market Access: Users can trade over 100 markets including cryptocurrencies, stocks, gold, and more with up to 50x leverage.
• User Control: Assets are held in users' wallets via smart contracts, giving full control without relying on centralized custodians.
• Fiat On-Ramps: Supports easy funding through Visa, MasterCard, and regional payment systems like FPS (Hong Kong), UPI (India), and SEPA (Europe).
• High Yield Options: The RabbitX AMM Vault offers stablecoin returns with over 60% APY by leveraging platform trading activity.
• Advanced Technology: Built on StarkNet using zero-knowledge rollups, providing security, transparency, and fast transactions.
• No KYC Required: Users can trade without mandatory identity verification, enhancing privacy and ease of access.
• Strong Backing: Supported by major investors like Sequoia, Crypto.com, and Multicoin Capital, indicating solid industry trust.

Cons

• Price Volatility: The RBX token has experienced significant price drops recently, reflecting typical crypto market fluctuations.
• Limited Exchange Listings: Not available on all major exchanges, which may affect liquidity and ease of purchase.
• New Platform: Launched in 2023, so it may have less historical data and user base compared to older exchanges.
• Leverage Risks: High leverage (up to 50x) can amplify gains but also requires careful management.
• Roadmap Features Pending: Some planned features like exotic derivatives, staking, and decentralized sequencers are still in development.

Overall, RabbitX combines zero fees, broad market access, and advanced DeFi tech to offer a modern trading experience with some typical new platform and crypto market challenges.

Founders of RabbitX

• Jesse Lyu is the founder and CEO of RabbitX. He started the company with a vision to create an AI-powered personal assistant device and system. Jesse has a background as a serial entrepreneur and experience in AI and hardware startups.
• The founding team includes top-ranking Kaggle Grandmasters, ex-Google engineers, and repeat entrepreneurs with expertise in AI hardware and software.
• Jesse Lyu previously founded Raven Tech, a conversational AI startup acquired by Baidu, before starting RabbitX.

No other individual founders are publicly named alongside Jesse Lyu for RabbitX.

Investors

RabbitX allocated 20% of its RBX tokens (200 million tokens) to early investors who supported the project from the start. These investors helped fund the development and growth of RabbitX.

Team

The current RabbitX team holds 15% of the tokens (150 million RBX), with an additional 3% (30 million RBX) reserved for future team members. These tokens are subject to vesting to ensure long-term commitment.

Advisors

2% of the tokens (20 million RBX) are allocated to current and future advisors who provide strategic guidance and support to RabbitX.

Treasury and Community

• Treasury holds 20% (200 million RBX) for future upgrades, partnerships, and ecosystem growth.
• Community rewards and liquidity mining incentives make up a large portion, encouraging user participation and liquidity provision.

This token distribution reflects the main groups involved in supporting and growing RabbitX.

Halal Status of RabbitX

• Yes, RabbitX is halal because it is a crypto token and does not involve prohibited elements like interest (riba) or gambling.
• Crypto tokens like RabbitX are generally considered halal if they are used as a medium of exchange or investment without involving forbidden activities.
• The halal status depends on how the token is used and the nature of the project, but RabbitX itself as a token is halal.