Pionex: ushering in a new era of innovative cryptocurrency assets

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1 year ago

Author: BeonEx

****1. The Explosive Development of New Cryptocurrency Assets

As time goes by, BeonEx has witnessed the rapid changes in the blockchain and cryptocurrency field, which are profoundly changing the face of the financial world. With the continuous evolution of blockchain trading platforms, BeonEx has seen the emergence of new targets, new currencies, and new public chains, signaling the increasing demand for aggregated trading platforms.

Aggregated trading platforms have evolved from initially supporting single-currency trading to supporting multiple currencies, such as Uniswap, and from single liquidity pools to multiple liquidity pools. The market has also seen the emergence of non-ERC20 protocol new encrypted assets such as Ordinals, BRC-20, Atomics, and Runes, bringing new vitality to the Bitcoin network ecosystem. The combination of RWA and DeFi has created a new narrative for cryptocurrencies. Other new assets including ERC404, NFT, and Depin protocols have also made significant progress in the past two years. The market value of Runes has increased 40 times, from less than $2 million to $80 million in less than two months, with a corresponding explosive growth in the user base. The leading project Ordi of Runes has experienced fluctuations but has withstood the test, with a forging cost of $0.005, reaching a peak price of $17, an increase of 3400 times. After a pullback to $2.8, it surged to a high of $96, resulting in a return of 19200 times.

The market value of the leading Rune Cook of Bitcoin has also quickly surged to tens of millions of dollars after its release. It is evident that the user base and market value explosion potential of new encrypted assets are extraordinary, posing higher demands on trading platforms for rapid response.

****2. Pain Points and Solutions in the New Cryptocurrency Asset Market

New cryptocurrency assets often receive significant attention but face a series of challenges, including low liquidity, complexity of operations, high chain load, high fees, and insufficient application scenarios, affecting the further promotion of emerging assets. Liquidity issues are particularly prominent, as assets such as Runes and Cook cannot meet the requirements of smart contracts, leading to peer-to-peer trading through market orders. This trading model often results in these assets either becoming illiquid after a period of speculation or experiencing a sharp price drop, as seen in the case of NFT liquidity depletion.

The general liquidity pool model is prone to significant slippage when the depth is small or the trading volume is large. If on-chain prices are entirely confirmed by smart contracts, busy on-chain trading may lead to significant deviations between the transaction price and the estimated price. Moreover, the application ecosystem for these assets is severely lacking, as users can only hold them in their wallets and wait for price fluctuations, unable to realize the liquidity value of traditional blockchain DeFi or obtain capital gains from holding such assets.

Therefore, traditional fixed aggregation markets are no longer able to meet the trading needs of emerging assets. There is still a lack of a comprehensive and powerful aggregated trading platform in the market that can address the pain points of the industry, activate the liquidity of new cryptocurrency assets, and unlock their value. It is this urgent market demand that has driven the rise of BeonEx as an innovator, bringing more opportunities to users.

****3. Introduction to BeonEx

BeonEx is a forward-looking aggregated trading platform that focuses on addressing the pain points of the industry, dedicated to promoting the liquidity and application innovation of new cryptocurrency assets. Its core functions cover the issuance, trading, and ecological empowerment of new cryptocurrency assets. The team consists of early developers from the Bitcoin and Solana communities, with the vision of becoming a standard setter and industry co-builder in the field of new cryptocurrency assets, constructing an innovative, diverse, open, and shared comprehensive aggregation platform through continuous innovation.

****4. BeonEx's Superior Position in the Aggregated Trading Platform Race

Breakthrough Innovation

From its inception, BeonEx has established itself as a pioneer, adhering to the concept of creating a completely new digital asset trading platform, rather than following existing strategies. The uniqueness of BeonEx is reflected in several aspects:

Technological innovation: BeonEx effectively addresses the liquidity shortage in peer-to-peer trading of most new cryptocurrency assets through the Novel Asset Market Maker (NAMM) liquidity aggregation solution. Additionally, BeonEx provides users with more accurate price information through slippage protection mechanisms and off-chain price prediction models. The depletion of liquidity and illiquidity will no longer exist, which will be greatly welcomed by users and is expected to bring significant trading volume and user base!

Financial innovation: BeonEx endows new cryptocurrency assets with more financial attributes through the Launch-Mint mechanism, thoroughly activating assets that lack EVM contract interaction capabilities. It creates a dedicated liquidity mining environment for these assets through smart contracts, with rewards distributed periodically through a time-weighted reward algorithm and dynamic reward adjustment. It is anticipated that BeonEx's financial innovation will bring a large influx of new cryptocurrency assets. Furthermore, through the Launch Mint platform coin and the Runex airdrop, the platform is empowered in both directions, enabling it to have a positively spiraling future.

Real-time Hotspot Tracking

The technical advantages accumulated by the BeonEx team ensure that community participants always have the opportunity to be at the forefront of hotspots, chasing the most sought-after asset types of the moment, allowing them to no longer miss out on wealth opportunities! Additionally, BeonEx supports rapid protocol deployment, enabling new asset projects to be quickly released on the platform based on hot protocols. The presence of BeonEx will significantly increase market activity, and new projects will also experience concentrated outbreaks on BeonEx, providing users with the best opportunities to grasp market trends!

User Base Expansion Effect:

Through breakthrough innovation and real-time hotspot tracking, BeonEx can successfully capture the hotspots of the industry, attracting more users and funds, resulting in high trading volume. The influx of user funds drives the total locked value (TVL) and user base, especially the active user base. The increase in active users not only enhances the liquidity of the project but also drives frequent interactions with smart contracts, forming a virtuous cycle of high gas consumption and high TVL, raising the valuation of the BeonEx project. The formation of price troughs under high valuations will further attract users and hot money, driving the rise in the platform's token price, leading to a positive breakthrough in prices, thus propelling BeonEx into a double spiral of growth.

****5. Runex - The Leading Rune on the Historic BeonEx New Opportunity

In addition to its own platform coin, as a platform with Launch Mint functionality, BeonEx will also issue the leading Rune, Runex, upon its launch. Currently, almost every public chain has its own leading Rune and urgently needs new Runes to ignite new market enthusiasm and wealth effects.

****6. Future Outlook

As the cryptocurrency market continues to evolve and grow, the potential of new cryptocurrency assets is gradually being more widely recognized. As a standard setter and industry co-builder in the field of new cryptocurrency assets, BeonEx will build an innovative, diverse, open, and shared comprehensive aggregation platform through continuous innovation. From asset issuance to liquidity aggregation, staking rewards, and Rune airdrops, BeonEx will become the link connecting traditional blockchain assets and the emerging digital economy, bringing new application scenarios and value to the crypto world.

The future of BeonEx is on the horizon.


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