Project Overview
FWX has successfully launched comprehensive listings on the perpetual DEX market.
We aim to bring all assets on-chain, enabling them to be traded in the futures and derivatives markets. We aim to build a fully decentralized finance (DeFi) ecosystem through a permissionless lending pool that supports all tokens. This lending pool will be integrated with a permissionless futures exchange, allowing any token to be listed and traded seamlessly in the futures market.
History and Development
We have successfully raised $5 million from leading institutional banking funds in Thailand, including Beacon Ventures and KXVC from Kasikorn Bank, the KFIN Fund from Krungsri Bank, and Primestreet Group. In addition, we have received investment from prominent Web3-focused funds such as Blizzard (by the Avalanche Foundation), Kyber Ventures, GBV, and others.
Use Cases
B4FWX is our community airdrop token.
If B4FWX is listed on the PYTH Network, the FWX protocol will enable traders to use B4FWX as collateral to open long or short positions on crypto assets such as BTC, ETH, and even PYTH itself.
Oracles like PYTH play a crucial role in enhancing our platform’s capabilities. They enable us to support advanced features by allowing users and traders to utilize any token listed on PYTH as collateral, thereby unlocking additional leverage opportunities within the ecosystem.
Proposed Plan
PYTH will invest $10,000 worth of B4FWX tokens, which will be subject to a 1-year lock-up period. These tokens can be utilized as collateral for trading in the futures market on the FWX platform.
Reference
Official Website: https://fwx.finance
Stakebet: https://stakebet.fwx.finance