X10 Mainnet Launches, Outlining Telegram Mini-App for Trading

General

London,
August
5th
– X10,
a
hybrid
perpetuals
crypto
exchange
developed
by
former
Revolut
employees,
announces
its
launch
on
the
Mainnet
today.
It’s
a
step
towards
the
company’s
mission
to
provide
an
unparalleled
trading
experience
while
ensuring
self-custody
and
transparency
to
the
broadest
crypto
audience.

X10
Mainnet
outlines
four
ambitious
goals
in
its
roadmap
going
forward.
On
Mainnet,
X10
will
offer
exceptional
trading
capabilities,
fostering
direct
adoption
by
the
widest
crypto
audience
and
enhancing
liquidity:

X10
is
developing
an
intuitive
trading
mini-app
for
Telegram,
offering
seamless
trading
directly
within
the
messaging
app.
The
mini-app
will
include
all
the
markets
available
at
the
X10
exchange.
All
the
orders
and
trades
within
the
app
will
be
handled
via
X10’s
order
book.
With
the
Telegram
ecosystem
aiming
to
reach 1
billion
users by
the
end
of
the
year,
this
app
will
provide
streamlined
access
to
crypto
trading
for
all
those
millions
of
users
entering
the
market
in
2024.
To
improve
liquidity,
X10
elevates
relationships
with
market
makers.
Rather
than
engaging
in
side
deals
with
selected
market
makers,
which
creates
information
asymmetry
and
worsens
conditions
for
traders,
X10
offers
a
transparent
and
fair
market
maker
program
open
to
all.
All
participants
can
compete
for
a
share
of
the
rewards
pool,
with
market
maker
rankings
displayed
on
a
leaderboard
that
updates
live.
X10
will
be
working
with
global
fintech
players
to
provide
unparalleled
on/off-ramping
solutions,
which
are
crucial
for onboarding
new
users
on-chain.
X10
is
expanding
its
go-to-market
strategy
by
building
an
affiliate
program
inspired
by
successful
CeFi
models.
The
program
will
feature
a
multi-level
referral
program
and
a
separate
platform
with
advanced
analytics
for
affiliates.

Apart
from
the
stated
product
roadmap,
X10
stands
out
with
its
unique
hybrid
and
settlement
architecture,
which
combines
the
best
of
both
CeFi
and
DeFi
worlds.
It
offers
a
CeFi-like
user
experience
and
execution
speed,
while
providing
transparency
and
safety
through
self-custody,
on-chain
trade
settlement,
and
validations
of
the
trading
logic.

As
a
result,
X10
can
process
tens
of
thousands
of
orders
per
second
with
latency
under
10
ms
while
remaining
fully
trustless,
significantly
outperforming
all
existing
hybrid
exchanges.
To
battle-test
its
unique
architecture
and
refine
the
product
based
on
user
feedback,
X10’s
testnet
went
live
in
early
May,
resulting
in
over
290,000
trades
within
three
months.
During
this
phase,
users
actively
participated
in
bug
reporting
and
feature
requests.
The
promising
performance
of
X10’s
hybrid
architecture
during
the
testnet
phase
led
to
its
transition
to
the
mainnet.

In
the
beginning,
access
to
the
mainnet
will
be
invite-only.
X10
will
permit
all
users
who
were
active
during
the
testnet
phase
for
its
closed
mainnet,
and
these
users
will
be
able
to
earn
and
share
up
to
seven
referral
codes.
Additionally,
invite
codes
can
also
be
obtained
through
project
partners
distributing
codes
on
X
or
X10’s
Discord
server.

“The
launch
of
our
mainnet
represents
a
pivotal
moment
in
our
mission
to
deliver
the
ultimate
on-chain
trading
experience,”
said
Ruslan
Fakhrutdinov,
CEO
and
Founder
of
X10. “Our
next
focus,
among
other
things,
is
developing
the
Telegram
trading
app,
which
will
cater
not
only
to
seasoned
crypto
traders
but
also
to
newcomers
embarking
on
their
trading
journey.”

About

X10
was
founded
by
Revolut’s
former
Head
of
Crypto
Operations
and
other
senior
members
of
the
Revolut
team,
including
the
former
Tech
Lead
of
the
recently
launched Revolut
X.
From
day
one,
X10
has
aimed
to
bring
the
CeFi
trading
experience
to
DeFi
by
prioritizing
traders’
needs.

For
more
information,
please
visit https://x10.exchange/