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Victoria, Seychelles, September fifth, 2024, Chainwire
Ebi.xyz, a perpetual DEX constructed on Arbitrium One, is gearing as much as launch a meme-related spinoff product this month. The brand new product, “FUD Market”, will permit merchants to solely quick meme tokens deployed by meme creation platforms corresponding to Pump.enjoyable (and sunpump). This product can be the primary short-only perpetuals to launch because the hype round meme cash continues to achieve momentum inside Web3.
For the reason that inception of Pump.enjoyable early this 12 months, greater than 2 million token addresses have been created and roughly 1.9 million meme cash have been efficiently deployed. Regardless of the hype, success tales are uncommon, and lots of merchants face important losses when holding these tokens. Recognizing the necessity for extra refined buying and selling methods round these property, ebi.xyz is introducing “FUD Market” to allow merchants to quick meme tokens, providing new methods to capitalize on market actions.
By providing shorting capabilities on meme tokens, ebi.xyz empowers merchants with extra instruments to handle their danger and insulate revenue from market volatility. The product provides customers the power to leverage the hype round meme tokens that could be short-lived or to hedge their positions in a quickly altering market.
The “FUD Market” product will launch later this month, constructing off of ebi.xyz’s factors program which is already stay. Designed with dealer participation at its core, the factors system is designed to reward all actions throughout the ecosystem. Merchants can earn factors by buying and selling, referrals, and social interactions. Dynamic rankings and leaderboard methods are additionally within the pipeline, designed to additional have interaction and reward individuals.
About ebi.xyz
Ebi.xyz is a non-custodial restrict order ebook decentralized platform for buying and selling perpetual futures. Engineered for merchants, ebi.xyz provides deep liquidity and entry to outstanding new property out there. All trades are settled on the Ebi chain, an L2 blockchain powered by Arbitrum Orbit.
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ContactHead of PR & AdvertisingAkira EbiDigital Level Holdings Ltdadvertising@ebi.xyz
This text was initially printed on Chainwire