Early Bird Bonus: Decentralized Exchange Based on Your Own Rollup

For the past few years, the cryptocurrency space has been actively developing decentralized finance (DeFi) as its main theme - the anonymity and freedom of cryptocurrency.

As of today, the total daily trading volume of DEX is $3.32 billion, which is three times that of January 2024. However, the daily trading volume of Binance alone reaches $58 billion. This shows that DeFi and DEX are still a market with great potential.

More and more traders, both retail and institutional, are becoming more experienced and are turning to decentralized tools to protect their assets.

Currently, more than 50 million active users in the United States and the United Kingdom cannot trade cryptocurrencies on centralized exchanges due to government and regulatory restrictions, and hundreds of billions of dollars cannot be circulated despite strong market demand.

Why DEXs Have Not Surpassed CEXs Yet:

Despite the grand idea of ​​making cryptocurrencies completely anonymous and accessible to everyone, DEXs have been unable to address several key issues that have hindered their development and overtaking traditional exchanges over the past 5 years.

1. Unfriendly User Interface: CEXs fare significantly better than decentralized exchanges in terms of user-friendliness. To get started with a DEX, one needs to master the basics, learn how to use wallets, bridges, switch networks, and pay high fees. In addition, the lack of a mobile app that can handle all user tasks at once also adds to the inconvenience.

2. Lack of Spot and Futures Trading: Currently most DEXs only offer currency exchange, and do not allow for convenient cryptocurrency trading like Bybit or Binance.

3. Performance and Scalability Issues: Current popular DEX trading platforms are very inconvenient to use due to laggy interfaces, slow website loading times, and slow transaction speeds. Asset prices may change while executing trades. Currently, this is similar to internet speeds in the early 2000s.

4. Marketing and Liquidity Issues: Every CEX platform allows influencers to recommend users and earn lucrative revenue from commissions per user. DEX lacks this, which makes it difficult for projects to build effective marketing strategies, resulting in insufficient number of users to maintain liquidity for all trading pairs.

What a DEX should look like:

A DEX should combine all the convenient aspects of a traditional exchange: ease of use across all devices, fast processing speeds, the ability to exchange currencies and participate in transactions, with the advantages of a DEX: unrestricted access to cryptocurrencies from any country, anonymity, and security.

About Event Horizon

To solve these problems, we propose Event Horizon, a truly decentralized non-KYC exchange built on its own L2 blockchain.

Our goal is to become the number one player in the cryptocurrency market and capture at least 10% of the DEX market.

Event Horizon is a KYC-free decentralized exchange with a user-friendly interface: you can trade futures from your mobile phone, without extra steps or questions, in complete safety and comfort.

No KYC required: everyone in the world can be anonymous and have access to the exchange.

Convenient mobile app and web interface for everyone: trade without delays, errors or server crashes.

Easy to use: no need to switch networks, pay gas fees or go through endless trade confirmations to trade. It's as simple as any CEX.

Hybrid Model: Trade directly through decentralized wallets, TrustWallet or MetaMask, with off-chain order books, on-chain settlement, MPC and self-custody in a single transaction.

Copy Trading (Under Development): Any user can earn high profits from trading by simply copying the top traders who have proven stable returns, no skills required.

We are building the next generation DEX by:

1. Developing our own Matcher solution for off-chain trading and subsequent execution of orders on-chain. This allows us to increase order execution speed, create an interface that is as familiar as all exchanges, and increase flexibility in order management.

2. Developing our own L2 Rollup to reduce infrastructure costs and fees, and increase transaction processing speed. It can reduce transaction costs by 10-100 times compared to Ethereum Mainnet (L1). Block mining time will be between 2 and 5 seconds, much faster than traditional networks. The platform will support the full benefits and features of the EVM, making development easier with pre-audited solutions and a large pool of developers.

3. Implementing self-custody.

   This means that the exchange does not store customers' funds. Users are always the owners of their assets and have full control over their funds.

   This eliminates the risk of hacking and fraud associated with CEXs, where funds can be stolen or lost.

4. Introducing Multi-Party Computation (MPC) technology.

   Enhancing security and protecting users' funds.

   MPC will allow the distribution of private keys among multiple participants. This will ensure security and decentralization of the process of managing and signing transactions.

Go-to-Market Roadmap:

Q2 2024:

Waiting list launched

Partner program launched

Ambassador program launched

Tier 1 and 2 influencers recruited

Season 1 events launched

Education center launched

Platform development

Q3 2024:

Season 2 events launched

Tier 1 and 2 influencers recruited

Platform launched on testnet

Q4 2024:

MVP launch and launch

Season 3 events launched

Trading system launched

Mobile app launched

Event Horizon will be launched on testnet in Q3-Q4 2024.

How can I become an early adopter?

Through the Internet:

invite.eventhorizon.tech/ZcmqFm

Complete the task and mint NFT