Starknet’s derivative trading protocol, ZKX, is reshaping the DeFi trading experience. It has recently launched two new products: OG Trade and Pro Trade. OG Trade offers a gamified trading experience, while Pro Trade provides advanced trading features. In the coming months, trading on both exchanges will have the opportunity to earn dual rewards in $ZKX and $STRK tokens.
ZKX is a decentralized perpetual contract exchange built on Starknet. Founded in 2021 by Eduard Jubany Tur, Naman Sehgal (COO), and Vitaly Yakovlev (CTO), ZKX aims to create a platform that provides value to all types of traders. The project has successfully raised $5.5 million through two token sales, with investors including Crypto.com, Gate.io, Hashkey Capital, HTX Ventures, and various other VC firms.
OG Trade is a gamified perpetual contract DEX that caters to short-term traders, scalpers, and swing traders. It offers not only perpetual contract trading but also a trading competition every 30 minutes, providing traders with a gamified trading experience. Within four hours of launch, OG Trade surpassed $1 million in trading volume. The platform currently supports BTC/USDC, ETH/USDC, SOL/USDC, and STRK/USDC trading pairs, and users can earn multiple rewards such as $ZKX tokens, PVL badges, and exclusive Clan NFTs.
Pro Trade, launched on February 19, is a DEX designed for advanced traders. It offers additional advanced features alongside gas-free trading and the ability to earn $ZKX tokens from the mainnet incentives. Pro Trade supports ETH, SOL, BTC, and STRK markets, with leverage of up to 20x. The implementation of DAO governance later this year will further expand the market for Pro Trade. Its key features include customizable UI options, comprehensive order types, efficient API, reduced price volatility through an internal virtual machine, and full-margin accounts for better risk management.
Users can earn locked $ZKX tokens through trading incentives, including 7 million tokens allocated for OG Trade and 12.1 million tokens for Pro Trade’s version 2.0 airdrop. Additionally, through the DeFi Spring program by the Starknet Foundation, users will have the opportunity to earn $STRK tokens, with a total of 40 million tokens distributed over the next six to eight months.
Since the launch of OG Trade, the platform has achieved over 200,000 transactions and a total trading volume of over $80 million within two weeks. More than 7,500 Clan NFTs have been claimed. OG Trade and Pro Trade are only in the early stages of ZKX’s roadmap, with plans for a second airdrop, staking program, token listing, social trading and liquidity pools, and the launch of the ZKX application chain’s block explorer.
Sources:
OG Trade – https://bit.ly/3SVzpVb
Pro Trade – https://bit.ly/3uEcLZH
ZKX – https://bit.ly/3Tea5Ly
Gitbook – https://bit.ly/3UUSc5B
Mainnet Incentives – https://bit.ly/3TdssQQ