As the strategic partner of TCGame, OpenEX Network is delighted to announce that TCGame has completed its server maintenance and officially entered Phase 3 with permanent data retention! This marks a significant milestone in TCGame's blockchain gaming journey.

Maintenance Completion

✅ Completed on: January 9th, 2025, 10:00 UTC✅ All user data successfully migrated✅ New features and optimizations now active

Exclusive Benefits for OEX Holders 🎉

As a token of appreciation for the continuous support from our OEX community, we're introducing our most attractive privileges ever:

OEX Payment Exclusive Benefits

• 🔥 Massive 40-50% OFF on all purchases

• 💎 Additional platform points rewards for OEX holders

• ⭐️ Exclusive VIP services for OEX stakers

• ⏰ Limited-time offer, first come, first served

TON Network Payment

• USDT payments now supported

• Fast and secure transactions

• Direct integration with TON wallet

Strategic Significance

This Phase 3 upgrade holds paramount importance for the OEX ecosystem:

• Expands OEX's influence in the GameFi sector

• Creates more practical use cases for OEX holders

• Promotes healthy development of the OEX token economy

• Strengthens OpenEX Network's leadership in Web3 gaming

New Features

• Permanent data retention system

• Enhanced gameplay mechanics

• Improved server stability

• Optimized performance

• Exclusive features for OEX holders

Data Migration Results

Successfully Preserved:

• User Coins (1:10 ratio applied)

• Game Coins (1:10 ratio applied)

• Quality Fragments (1:10 ratio applied)

• All referral relationships

Get Started

Join us now and experience the enhanced TCGame! For any questions or support, reach out through our official channels:

OpenEX Network Official Channels:

• Website: https://openex.network

• Telegram: https://t.me/oex_en

• Twitter: https://x.com/openex_network

• Medium: https://medium.com/@openex-network

• Mirror: https://mirror.xyz/openexorg.eth

• Youtube: https://www.youtube.com/@oex_global

TCGame Official Channels:

• Website: https://tcgame.app

• Telegram: https://t.me/TcgameApp

• Twitter: https://x.com/TcgameApp

• Medium: https://medium.com/@TcgameApp

• Youtube: https://www.youtube.com/@TcgameApp

Thank you for the continued support from our OEX community! Let's witness this new chapter of TCGame and OpenEX Network in the GameFi space together! 🎮

#OpenEXNetwork #TCGame #GameFi #Web3Gaming

Community-Driven and Transparent

The design philosophy of OPENEX is entirely based on the needs and feedback of the community. Every design decision and technological iteration reflects the expectations of community members. This high level of community involvement ensures the transparency and fairness of the project.

Technical Architecture

OPENEX employs a technology architecture that combines Web3 wallets with a high-performance blockchain. This architecture leverages the decentralized identity management of Web3 wallets to ensure user privacy and security. The open access and public ledger features of the blockchain enhance system transparency and trust. Additionally, OPENEX’s blockchain technology boasts extremely high block speeds and minimal gas fees, significantly improving transaction efficiency and cost-effectiveness.

EVM Compatibility

OPENEX’s compatibility with the Ethereum Virtual Machine (EVM) allows it to seamlessly support existing DeFi, GameFi, and various decentralized applications (dApps). Developers can easily migrate their applications to the OPENEX platform, enjoying an interaction experience akin to centralized applications.

Deep Integration of AI Technology

AI technology plays a crucial role in OPENEX. By integrating AI into digital asset creation, digital intelligence trading, product iteration, and community communication, OPENEX not only improves operational efficiency but also enhances the user experience. For instance, AI can help users manage their digital assets more intelligently, provide personalized trading suggestions, and automate many tedious tasks.

Vision for the AGI Era

OPENEX’s ultimate goal is to become the new generation crypto application gateway suitable for the Artificial General Intelligence (AGI) era. By continually introducing and optimizing AI technology, OPENEX not only provides an excellent trading experience today but also paves the way for future intelligent trading and application scenarios.

In summary, OPENEX is realizing its vision of creating an efficient and transparent trading experience through its community-driven design philosophy, advanced technical architecture, and deep integration of AI technology. As an emerging crypto trading platform, OPENEX not only meets the current market demands but is also actively exploring and leading future technological trends.

The $COME team has set a new standard in the meme coin space by not reserving any tokens for themselves—instead, all tokens were placed directly into the liquidity pool and permanently locked. Their official promotional approach, adorned with hashtags like #DontBuy, #DontFOMO, and #JustEnjoy, embodies a spirit of pure entertainment and a community-first philosophy, perfectly aligning with the ethos of the #OEXCommunity. From day one, OpenEX has been a project completely driven by its community—there are no divides here; we are the community. This shared commitment to prioritizing community interests has resonated deeply with the OpenEX community, catapulting $COME to immense popularity and community endorsement. Within just 72 hours, the number of token holders on the blockchain skyrocketed to an impressive 130,000.

CoreDAO has provided an exceptionally fast, highly decentralized, and remarkably affordable blockchain infrastructure, laying a robust foundation for meme coins with large community bases. Emerging from the CoreDAO ecosystem, OpenEX has built its trading infrastructure with an expansive community at its core, consistently prioritizing community interests. Carefully selecting projects that also prioritize community, OpenEX aims to provide its users with not only entertainment and participation but also enhanced spiritual and additional rewards. The community's growth and well-being are always at the forefront of OpenEX's priorities.

This powerful synergy has paved the way for $COME's incredible achievements, which are a direct result of collaborative efforts and participation from the OEX, CoreDAO, SatoshiPlus, and $COME communities. We extend our heartfelt congratulations to all community members for creating their own legend together, showcasing the power of unity and shared vision in the blockchain space.

The OEX Mainnet is actively in preparation and is slated to launch its Alpha version in the second quarter. This development will significantly enhance the trading infrastructure for the OEX community, allowing more high-quality projects and assets to be traded more efficiently and at lower costs. By reducing transaction fees and increasing asset liquidity, the OEX Mainnet will expand opportunities for community members to grow and thrive within the ecosystem. This upgrade is a strategic step toward empowering our community, enabling smoother transactions and fostering a more vibrant and active market environment. We look forward to unveiling these advancements, which are poised to redefine the trading experience for our users.

Inspired by the ethos and appeal of the Call of Memes project, a significant number of meme-themed projects and technological infrastructure initiatives are actively seeking to establish partnerships with OEX, with plans to launch on the OEX Mainnet. OEX is committed to carefully selecting projects that embody a community-first spirit, ensuring that the OEX community can engage from the earliest stages. We are eagerly anticipating the growth of our community's strength, both spiritually and in various other aspects. These collaborations promise to harness the collective power of our community, bolstering our network and enriching the ecosystem with diverse, community-driven projects. Let's look forward to a more empowered and interconnected OEX community.

Please note that this article discusses technical aspects and community culture only and does not constitute investment advice. Always do your own research (DYOR) before making any investment decisions.

Additionally, CoreDAO and OpenEX are open protocols where anyone can create assets and liquidity pools. The creation of liquidity pools on OpenEX and Long Swap does not imply official endorsement by either platform.

Links:

OpenEX Network - A gateway for the next billion crypto users

OpenEX provides users with a better trading experience by providing apps, trading protocols and more efficient public chains

https://www.openex.network

OpenEX Network Global

𝕏 👉🏻 https://x.com/openex_network 🇬🇧 👉🏻@oex_en (Full) 🇨🇳 👉🏻@oex_cn 📢 👉🏻@oex_channel 🤖 👉🏻@agiex_bot

https://t.me

https://come.yachts

Characteristics of the Native Mini DApp Module

The Native Mini DApp module in the OpenEX App allows developers to embed Mini DApps directly within the OpenEX App, enabling users to access these DApps seamlessly. The design philosophy behind this module is inspired by the mini-program technology of traditional Web2 applications but offers a more secure and convenient user experience in the Web3 environment.

No Need for Complex API Integration

One significant advantage of the Native Mini DApp module over traditional Web3 application development is that developers do not need to integrate complex APIs to interact with the blockchain. Instead, they can share various open services simply through the users' wallet signatures. This greatly simplifies the development process, lowers the barrier to entry, and enables more developers to easily create and deploy Mini DApps.

Improved User Experience

The Native Mini DApp module in the OpenEX App provides a better user experience compared to the traditional Web3 browser-plus-webpage form of DApps. In the OpenEX App, users can directly access and use these Mini DApps without leaving the app or installing additional browser extensions. This not only makes operations smoother and more convenient but also enhances application security, as users' private keys can be securely stored within the app, eliminating the need for frequent cross-application actions.

Impact on Mobile Web3 Application Scalability

The Native Mini DApp module in the OpenEX App opens up new possibilities for the scalability of mobile Web3 applications. Developers can create a diverse range of services and applications within the OpenEX App, enriching the app's functionality and service offerings. Meanwhile, users can choose and use different Mini DApps according to their needs, offering a level of flexibility and personalized experience that traditional Web3 applications cannot match.

Conclusion

The Native Mini DApp module in the OpenEX App is a significant innovation in the mobile Web3 application space. It not only provides developers with a simplified development environment, lowering the barrier to entry but also offers users a smoother and more secure experience. As more developers and users begin to embrace and use this module, it is reasonable to believe that it will have a profound impact on the development of mobile Web3 applications.

Official Links

• OpenE𝕏

• OpenEX Telegram

• OpenEX Website

• OpenEX Mirror

• OpenEX App

• OpenEX Long Testnet

• Agie𝕏

• Agiex Website

Core Blockchain: Bridging Tradition and Innovation

Innovative Consensus Mechanism: The primary attribute of Core Blockchain is its innovative consensus mechanism, ingeniously integrating Bitcoin (BTC) mining power with the Proof of Stake (PoS) protocol. This blend not only preserves the essence of decentralization but also enhances transactional efficiency and reduces participation costs, creating a secure and convenient environment for users and developers.

Close Affinity with BTC: As the Layer 1 (L1) public chain with the highest affiliation to BTC, Core Blockchain plays a significant role in strengthening the BTC ecosystem. Its presence not only promotes further application and development of BTC but also opens new possibilities for BTC in the DeFi sector.

EVM Compatibility: The EVM (Ethereum Virtual Machine) compatibility of Core Blockchain positions it as an ideal choice for developers, allowing them to effortlessly migrate and develop decentralized applications (DApps), especially those looking to incorporate BTCFi (Bitcoin-based Decentralized Finance) elements. This compatibility significantly lowers the development barrier and fosters the birth of innovative projects.

Ideal Platform for Asset Token Issuance: Given its high security and low-cost characteristics, Core Blockchain emerges as the preferred platform for the issuance of significant asset Tokens. This not only ensures asset security and decentralization but also provides an efficient and cost-effective channel for asset circulation.

OpenEX Mainnet: The Future of Transactions

Designed for Transactions: Unlike the multifaceted advantages of Core Blockchain, OpenEX Mainnet focuses on creating an efficient and transparent trading environment. By optimizing transaction processes and enhancing user experience, it aims to become the most suitable foundational network infrastructure for trading in the AGI (Artificial General Intelligence) era.

USDX as the Native Token: OpenEX Mainnet adopts USDX as its native token, a strategy aimed at simplifying transaction processes and providing a stable medium of exchange. This has a positive impact on enhancing the platform's economic system and user participation.

We understand that many in our community might struggle to grasp the full scope and specific details of the OpenEX Network's offerings. However, there's no need for excessive concern. Any product attempting innovation usually starts with a broad outline, much like how we couldn't have imagined Bitcoin until Satoshi Nakamoto released the whitepaper and the Bitcoin client, how the concept of a smartphone was beyond our reach until Steve Jobs unveiled the iPhone, and how artificial intelligence remained a nebulous idea until we saw products like GPT and Sora emerge. We believe in the combined power of our community and AI to gradually shape what a product for the AGI era should look like. Let's continue to work and innovate together.

Learn more:

https://mirror.xyz/openexorg.eth/7Oe6fJUtv-5hla8kOyAUmGhb2TqK-E0ow3bYg8266Kg

Collaborative Development: Core Blockchain and OpenEX Mainnet Moving Forward Together

OEX Token Issuance Strategy: The deliberate decision to issue OEX Token on Core Blockchain rather than OpenEX Mainnet reflects a well-considered valuation of their different positions. This decision not only demonstrates how they complement and support each other's development but also highlights their respective value orientations.

Joint Progress in the Crypto Community: With the collaborative efforts of Core Blockchain and OpenEX Mainnet, the crypto community is on the brink of unprecedented progress and transformation. The recognition of the value of Core Token and the forthcoming OEX Token signifies the vital role these two platforms will play in advancing blockchain technology innovation and enriching the crypto community.

Conclusion

Though Core Blockchain and OpenEX Mainnet each focus on different areas, their joint development heralds a bright future for blockchain technology and the crypto community. Through continuous exploration and innovation, these two platforms will not only enhance their own value but also bring positive impacts and transformations to the entire blockchain ecosystem. As time progresses, we believe that more people will recognize the crucial roles that these two public chains play in driving technological advancement and community prosperity.

Related Links

Core: Stake Bitcoin for Yield & Explore Bitcoin DeFi

The Core blockchain is where Bitcoin meets yield, DeFi, and high TPS - live now as the Proof of Stake Layer for Bitcoin.

https://coredao.org

Now, let's explore in detail how OpenEX positions itself as the trading network of choice for the AGI era.

1. Building Decentralized Autonomous Organizations (DAOs) and AI Collaboration for a Zero-Human Company

OpenEX is dedicated to creating a revolutionary Decentralized Autonomous Organization (DAO), where nearly 70% of operational tasks are already accomplished by the Agiex AI, guided by the OEX community. This model utilizes blockchain technology for true decentralization, ensuring transparency in decision-making and broad community participation. Through smart contracts automatically executing decisions, OpenEX achieves self-regulation and operation without the need for centralized management, showcasing an innovative practice in the Web3 domain towards the concept of a "Zero-Human Company." This signifies that in the AGI age, businesses and organizations can operate more flexibly and efficiently.

2. Facilitating DeFi Innovations with AIGC Digital Assets and AI Agent Intelligent Assets

On the OpenEX platform, the introduction of AIGC (AI-Generated Content) digital assets and AI Agent intelligent assets brings innovation to the decentralized finance (DeFi) sector. Through Non-Fungible Tokens (NFTs) and smart contract technology, these assets can be uniquely represented and traded on the blockchain, offering a new asset class. This not only diversifies the DeFi ecosystem but also provides value certification and economic incentives for AI-generated content and services, opening new possibilities for asset creation and trading in the AGI era.

3. Implementing AI-Directed Smart Contract Trading Strategies and Decentralized Settlement Mechanisms

OpenEX is at the forefront of implementing AI-directed smart contract trading strategies. These strategies, by analyzing big data and market trends, automatically execute trading decisions, optimizing trading efficiency and asset management. Furthermore, OpenEX is building a decentralized settlement mechanism that can be autonomously executed by AI agents, achieving full automation of the trading process. This mechanism uses on-chain data and smart contracts to ensure fast, transparent, and secure transactions, setting new standards for decentralized trading networks in the AGI age.

In summary, by incorporating core Web3 technologies such as Decentralized Autonomous Organizations (DAOs), Non-Fungible Tokens (NFTs), smart contracts, and decentralized finance (DeFi), OpenEX demonstrates its ambition to build a trading network that meets the demands of the AGI age. The combination of these technologies not only optimizes the process of asset creation, trading, and settlement but also paves a new path for the integration of blockchain and AI technologies, establishing OpenEX's leadership position in the future digital economy.

Official Links

• OpenE𝕏

• OpenEX Telegram

• OpenEX Website

• OpenEX Mirror

• OpenEX App

• OpenEX Long Testnet

• Agie𝕏

• Agiex Website

Design Advantages

The design benefits of the OpenEX Network are primarily evidenced in its block time and final confirmation time. One of the greatest challenges traditional blockchain networks face is the slow transaction processing speed, which not only affects user experience but also limits the broader application of blockchain technology. By increasing the block time to 1 second and reducing the final confirmation time to 3 seconds, the OpenEX Network significantly enhances its transaction processing capabilities, making real-time or near-real-time transactions feasible.

The use of USDX as the native token represents another significant design advantage. Compared to traditional blockchain networks, this stablecoin-based approach provides a more stable and predictable transaction value for OpenEX Network, reducing the risk associated with market volatility, especially in scenarios like cross-border payments and fund transfers.

Application Value

The design advantages of the OpenEX Network confer it with significant application value in several areas:

• Payments and Transactions: The fast block time and the stablecoin-based native token design make the OpenEX Network an ideal platform for payments and transactions, especially suitable for scenarios requiring rapid and stable currency value, such as e-commerce and online marketplaces.

• Autonomous Settlement for AI Agent Services: In transactions between AI agents, the OpenEX Network can offer a fast, reliable autonomous settlement solution, promoting the development of the AI economy.

• Integration of Payment Modules for Globalized Applications: The stable value transfer mechanism and fast confirmation time make the OpenEX Network an excellent choice for globalized applications to integrate payment modules, particularly in scenarios that require processing cross-border payments.

One-stop Tool Protocols

Beyond technological innovation, the OpenEX Network also provides a comprehensive suite of tool protocols for token issuance, launchpads, staking, voting, etc., offering a one-stop solution for project developers and participants. The integration of these tools lowers the barrier to entry, encouraging more users and developers to join the blockchain ecosystem.

Long-term Value and Social Significance

The long-term value of the OpenEX Network lies in its potential to foster broader applications of blockchain technology across various domains, including finance, social media, entertainment, and more. By offering an efficient, stable, and user-friendly blockchain platform, the OpenEX Network helps to lower technological barriers and attract more participants to the blockchain revolution. Furthermore, the social significance of the OpenEX Network is also reflected in its contribution to a more interconnected global economy, especially by facilitating global payments and fund transfers, potentially bringing positive impacts on global economic development.

In summary, through its innovative design and comprehensive suite of one-stop tool protocols, the OpenEX Network not only enhances the efficiency and breadth of blockchain technology applications but also contributes significant long-term value and social significance to the development of the blockchain ecosystem.

Official Links

• OpenE𝕏

• OpenEX Telegram

• OpenEX Website

• OpenEX Mirror

• LONG Testnet

• Agie𝕏

• Agiex Website

This document represents a draft version of OEX whitepaper, intended for community review and feedback. The designs, strategies, and specifications outlined within are subject to change based on the discussions, insights, and suggestions received from the community. We encourage all stakeholders to contribute their thoughts and ideas to help shape the future of this project

Introduction

In the rapidly evolving digital currency domain, the demand for efficient, secure, and user-friendly trading platforms is growing by the day. OpenEX Network, an innovative uni-layer2 network, is engineered to construct a Web3 trading platform that adapts to the AGI era, delivering an unparalleled trading experience. Our vision is to enable easy access and trading of a wide array of digital assets for everyone through an efficient, interoperable, and user-friendly platform. Our mission is to push the boundaries of digital currency trading, making transactions safer, more transparent, and accessible through technological innovation, thereby enhancing global financial inclusivity.

As the cryptocurrency market matures, users increasingly demand faster transaction speeds, lower fees, enhanced security, and cross-chain asset interoperability. The transaction speed and scalability limitations of BTC, in particular, have been pressing issues within the industry. By introducing USDX as the base currency, OpenEX not only addresses the issues of transaction efficiency and cost but also enhances platform liquidity and stability by allowing users to obtain USDX through depositing USDT and USDC. Furthermore, BTC Layer2 technology, as a key solution to Bitcoin network scalability issues, has attracted significant attention and enthusiasm. Recognizing the immense opportunity BTC Layer2 technology presents in addressing speed and cost issues in cross-chain asset transactions, OpenEX is committed to integrating this technology with our network to enable more efficient and secure cross-chain asset trading.

Entering a new era marked by the rapid development of Artificial Intelligence (AI) technologies, the OpenEX Network is not just a trading platform but also a pioneer in laying the groundwork for digital assets in the AGI era. Leveraging the decentralized, immutable, and transparent nature of blockchain and Web3 technologies, we provide secure and efficient digital asset trading and management services for users. Combining AI technology, OpenEX explores new models of digital asset management and trading, such as using AI for market trend analysis and prediction, offering users data-driven investment advice.

In the forthcoming AGI era, digital assets will play an even more critical role. OpenEX is committed to playing a pioneering role in this transformation, offering users a digital asset trading and management platform ready for the AGI era through the innovative integration of blockchain and AI technologies. Our team is continuously researching and experimenting with how to integrate blockchain, Web3, and AI technologies more deeply to provide innovative and value-driven digital asset solutions for users, while ensuring security, transparency, and efficiency.

Through continuous effort and innovation, OpenEX Network positions itself not just as a trading platform for the present but as a navigator for future digital asset management and trading, fully preparing for the advent of the AGI era and leading the new wave of the digital economy. We believe that through forward-thinking technology integration, OpenEX will not only meet current market needs but also anticipate and fulfill future market changes, sketching a future full of possibilities for users.

Overview of the OpenEX Network

The OpenEX Network aims to construct an advanced uni-layer2 platform that integrates the latest blockchain technologies to offer an efficient, secure, and user-friendly digital asset trading environment. We have achieved this goal through several key components:

Network Architecture and Core Components

The uni-layer2 architecture adopted by OpenEX is designed to optimize transaction speed and reduce transaction costs while maintaining compatibility with the Ethereum Virtual Machine (EVM), ensuring developers and users can seamlessly migrate to the OpenEX Network. Furthermore, by introducing cross-chain bridge technology, OpenEX supports asset cross-chain operations with EVM-based public chains and BTC, significantly enhancing the network's interoperability and users' asset liquidity.

Strategic Choice of USDX as the Base Currency

USDX is the base currency of the OpenEX Network, a newly defined stablecoin aimed at providing a stable and efficient medium for transactions. Users can obtain USDX by depositing mainstream stablecoins such as USDT and USDC, a mechanism that not only simplifies the asset exchange process but also improves the efficiency of fund utilization. The introduction of USDX is based on an in-depth analysis of market demand and recognition of the significant role stablecoins play in enhancing transaction efficiency. Note: In the OpenEX LONG Testnet, to simplify the complexity of the test user experience, the base currency is USDT.

Integration of EVM Compatibility and BTC Layer2 Technology

A notable feature of the OpenEX Network is its compatibility with EVM, allowing developers and projects on Ethereum to easily migrate to OpenEX and enjoy lower transaction fees and faster transaction confirmation speeds. Additionally, the integration of BTC Layer2 technology is a direct response to existing technological challenges. By adopting some of the current BTC Layer2 solutions, such as Lightning Network and atomic swap technologies, OpenEX aims to address the scalability issues of the Bitcoin network, providing faster and more cost-effective BTC transaction services.

Introduction of the OEX Mobile Application

To enhance user experience, OpenEX has launched the OEX mobile application, a one-stop solution that allows users to directly access various services of the OpenEX Network from their mobile devices. The OEX mobile application supports not only the trading and management of digital assets but also integrates cross-chain asset transfer functions, enabling users to easily transfer assets between different blockchain networks. In addition, the application provides real-time market data, news, and other tools to help users make more informed trading decisions.

Technical Architecture

The technical architecture of the OpenEX Network is the foundation for realizing its vision of a high-performance, low-cost trading platform. The following sections detail the key technologies and principles that constitute this architecture.

Evolution of OpenEX's Technical Architecture

OpenEX's initial intent and design philosophy have always been to create an open, efficient, and user-friendly next-generation Web3 trading platform. Guided by this goal, OpenEX's technical architecture has undergone a series of evolutions and optimizations, from its initial simple concepts to the complex and efficient system it is today.

Initial Design

In the early stages of OpenEX, the technical architecture primarily consisted of a series of smart contract protocols combined with a Web3-style centralized matching engine. Although this design was simple, it already contained the rudiments and basic elements for future architectural evolution. Smart contracts provided a flexible and secure way to handle transactions and other on-chain activities, while the Web3 matching engine offered a relatively familiar trading experience to users.

Community-Driven Evolution

Over time, the development of OpenEX shifted from relying solely on the efforts of the initial design team to a more collaborative approach involving community members. With active participation from the community, OpenEX's technical architecture gradually evolved into a more complex and efficient system.

This evolution is reflected in five main aspects:

1. Smart Contract Protocols: Serving as the foundation for transactions and other on-chain operations, continuously optimized for performance and security.

2. Uni-layer2 Blockchain: The introduction of uni-layer2 as the underlying blockchain technology improved scalability and interoperability, providing strong support for cross-chain asset operations.

3. Web3 Matching Engine: Transitioned from an initial centralized design to a fully decentralized matching engine, ensuring transparency and fairness in transactions.

4. Web3 App: Developed specifically for OpenEX, this app allows users to access and trade directly on their mobile devices, significantly enhancing user experience.

5. AI Capability Integration: Developed a technology framework designed for the integration of Web3+AI architecture, allowing AI capabilities to permeate environments from asset creation to management and trading, laying the groundwork for future applications.

Uni-layer2 Design Principles

The uni-layer2 technology adopted by OpenEX is an innovative layered solution aimed at improving transaction speed and reducing costs by building a second-layer network on top of existing blockchain networks while maintaining the security and decentralization of the underlying blockchain. This design allows for transactions to be batch-processed and submitted to the main chain only when necessary, significantly reducing network congestion and transaction fees.

Network Nodes and Consensus Mechanism

The OpenEX Network employs a decentralized node architecture to ensure the security and scalability of the network. These nodes are responsible for verifying and recording transactions and maintaining the overall health of the network. The consensus mechanism adopted by OpenEX aims to balance efficiency and security, introducing innovative algorithms to reduce potential attack surfaces and increase transaction processing speed.

Interaction Mechanism with BTC Layer2 Network

OpenEX places special emphasis on integration with the BTC Layer2 network to overcome the challenges faced by the Bitcoin network in handling large volumes of transactions. By leveraging Layer2 technologies like the Lightning Network, OpenEX can achieve faster Bitcoin transaction confirmation speeds and lower transaction fees without sacrificing the security of the Bitcoin network. This integration provides users with a seamless cross-chain trading experience, allowing them to easily trade between Bitcoin and other blockchain assets.

Cross-Chain Asset Operations and Smart Contract Integration

The cross-chain bridge technology of OpenEX is another key component of its technical architecture, enabling asset transfers between different blockchain networks. This technology supports asset interoperability not only between EVM-compatible chains but also with non-EVM chains like Bitcoin. Additionally, OpenEX supports the deployment and execution of smart contracts, allowing developers to build and run decentralized applications (DApps), further expanding the platform's functionality and application scenarios.

Realizing OpenEX's Core Design Philosophy

This evolution of the technical architecture maximally realizes OpenEX's core design philosophy of openness, transparency, and low cost. By clearly recording each transaction on the chain, it not only enhances the transparency and security of transactions but also significantly reduces transaction costs. Furthermore, the introduction of the uni-layer2 blockchain and the continuous optimization of smart contract protocols lay a solid foundation for OpenEX, enabling it to support the extensive needs of future Web3 trading platforms.

Through the collective efforts of community members and continuous technological innovation, OpenEX has evolved from its initial design concept into a powerful and highly flexible trading platform, providing a comprehensive infrastructure for the future AGI era of the Web3 world.

OEX Tokenomics

This parts provides the Tokenomics design framework for OEX tokens, aiming to establish a balanced, sustainable, and community-driven economic model. It's explicitly stated that OEX tokens are conceptualized as Utility Tokens, intended to serve its platform and ecosystem. The document also underscores the importance of adjusting the design plan in response to changes in cryptocurrency regulations.

1. Token Classification and Purpose

1.1 Utility Token Definition

• Utility Token:

  • Definition: Specifically designed to provide access or services within a system, rather than as an investment tool.

  • Purpose: OEX tokens are intended to offer functional services within the system, such as paying fees, participating in governance, accessing specific services, etc.

1.2 Legal Compliance and Adjustments

• Regulatory Adaptability: Given the ever-evolving cryptocurrency regulatory landscape, the Tokenomics design of OEX tokens will maintain flexibility to adapt to legal requirements globally.

• Continuous Compliance Review: Regular compliance reviews to ensure adherence to international laws and regulations.

• Transparent Communication: Transparent communication regarding any compliance-related adjustments, ensuring community understanding and support for these changes.

1.3 Distribution Plan

Total Supply:

• 10 Billion OEX

• Community Airdrop (20%):

  • Purpose: To reward and incentivize early community members.

  • Implementation: Phased implementation to prevent excessive market volatility.

• Early Contributors (10%):

  • Purpose: To reward early supporters.

  • Lock-up: No release in the initial four quarters, starting release from the fifth quarter, to ensure long-term commitment to early contributors.

  • Release: A gradual release plan over 2.5 years, with the tokens divided into 10 quarters, releasing 1.25% of the early contributor tokens each quarter.

• Core Team (15%):

  • Purpose: To incentivize team members in the long run.

  • Lock-up: No release in the initial four quarters, starting release from the fifth quarter.

  • Release: A linear release strategy over 3.75 years, with the tokens divided into 15 quarters, to reinforce the team's long-term commitment.

  • Performance Incentives: An additional performance incentive pool set up for the core team, constituting 10% of the team allocation (i.e., 1.5% of the total amount).

  • Milestone Rewards: Performance incentives to be distributed upon achieving pre-set key project milestones (e.g., user growth, product launches, partnership developments).

  • Reward Release: Performance rewards may be distributed immediately upon milestone achievement.

• OEX Foundation (25%):

  • Purpose: To support project operations, R&D, and ecosystem development.

  • Usage: Clear stipulations on the use of funds and transparency.

  • Release: A linear release strategy over 5 years, with the tokens divided into 20 quarters.

• Staking Rewards (30%):

  • Purpose: To incentivize network security and active participation.

  • Release: A release strategy over 5 years, with the tokens divided into 20 quarters.

  • Implementation: Dynamic adjustment of reward mechanisms to control inflation.

1.4 Special Considerations

• Transparency: All token allocations and unlocking plans will be publicly transparent, to earn community trust.

• Risk Management: Establish strategies to address market fluctuations and regulatory changes.

2. Community Airdrop Reward Logic

2.1 Reward Strategy

OpenEX will continuously refine and optimize the airdrop incentive direction in coordination with airdrop cooperative projects and ecosystem development. The early community airdrop of OEX will be based on the following core logic:

• Total User Growth: Rewarding airdrops by introducing new users.

• User Activity Growth: Rewarding daily active behaviors, such as transactions, community event participation, etc.

• Internal Value Growth: Encouraging innovation and growth in digital assets.

• External Value Growth: Rewarding the locking and integration of external system assets.

• Internal Value Liquidity: Promoting trading and liquidity.

• Value Reserve Growth: Incentivizing long-term staking and capital reserves.

2.2 Control Measures

• Airdrop Cap: Setting annual or total airdrop caps for each participating project to control inflation.

• Decreasing Mechanism: Reducing the amount of each incentive airdrop over time to encourage early participation.

3. Token Value

3.1 Value Drivers

• Systemic Scenario Increase:

• System Consumption: Ecosystem projects will design mechanisms for token consumption in specific scenarios, such as transaction fees, service charges, etc.

• Governance: Token holders will participate in project governance decisions, enhancing their involvement and influence.

• Market Scenario Increase:

  • Trading: Enhancing the token's liquidity and tradability in the market, and supporting the use of OEX as a transaction unit in various ecosystem projects.

  • Partnership Relations: Collaborating with other projects and platforms to expand the token's use cases.

3.2 Buyback and Token Burning

• System Buyback: Ecosystem projects supporting OEX Token will periodically buy back tokens from the market for ecosystem development and user incentives.

• Token Burning: Various systems will reduce circulating supply through burning mechanisms, enhancing token scarcity.

4. Risk Management and Compliance

• Risk Management Plan: Establish strategies to address market volatility and regulatory changes.

• Regulatory Compliance: Keep abreast of global cryptocurrency market regulations, ensuring the project's compliance.

5. Community Development and Ecosystem Building

• Community Incentives: Design diverse community participation and incentive plans, such as online activities, suggestion and feedback rewards, etc.

• Ecosystem Cooperation: Establish cooperative relationships with other projects and platforms to expand the token's application scenarios and user base.

• Education and Promotion: Strengthen user education and promotion, enhancing understanding of OEX token value and applications.

• Regular Assessment and Adjustment: Regularly assess the development of the community and ecosystem, adjusting strategies according to market and technological changes.

6. Ongoing Monitoring and Adjustment

• Data Monitoring: Continuously monitor the token's market performance and compliance.

• Timely Adjustments: Adjust the Tokenomics in response to changes in market and regulatory environments.

• Transparent Communication: Maintain open communication with the community, providing clear explanations and guidance on any significant adjustments.

7. Conclusion

OEX's Tokenomics design aims to ensure its tokens serve as Utility Tokens for the system. We emphasize the adaptability of the token design to ensure compliance in different global regulatory environments. Additionally, we commit to continuous monitoring and adjusting our strategies to adapt to the evolving cryptocurrency market and regulations.

As a design draft, this document may still be subject to adjustments before its official release. We welcome active participation and collaborative building from community members. Your opinions are highly valued, and you are encouraged to submit them at any time through ecosystem apps such as Agiex.

USDX: The Native Currency of the OEX Blockchain

USDX is a new type of stablecoin within the OpenEX ecosystem, designed to provide a stable and reliable medium for value storage and transactions. Unlike traditional stablecoins, USDX is specifically crafted to enhance the liquidity and transaction efficiency within the OpenEX ecosystem. Its value is aimed to be pegged to the US Dollar (USD), maintaining a stable exchange rate of 1:1. In the development of the next-generation Web3 trading platform, the OpenEX Network adopts USDX as its blockchain's base currency. This decision stems from a profound understanding of market demands and continuous optimization for user experience. The introduction of USDX brings significant convenience in transactions and payments, playing a crucial role in reducing transaction costs.

Within the OpenEX ecosystem, USDX serves several key roles:

• Transaction Medium: USDX is used as the primary currency for all transactions within the platform, reducing the complexity and cost of trades.

• Fee Payment: Users can use USDX to pay for transaction fees, withdrawal fees, etc., enjoying lower rates and higher efficiency.

Key advantages of USDX as the base currency include:

Transaction and Payment Convenience

As a digital currency with stable value, anchored to the US Dollar, USDX offers users a reliable medium for transactions and value storage, greatly enhancing the convenience of using the OEX blockchain in daily transactions, payments, and various other applications. Users can confidently carry out transactions and payments without worrying about market volatility.

Reduced Transaction Costs

By adopting USDX as the base currency, the OpenEX Network significantly reduces transaction fees. Compared to other blockchain platforms, this feature makes OEX more competitive in handling high-frequency, small-amount transactions. Low-cost transactions are vital for promoting widespread adoption and activity on the network, especially in markets and applications sensitive to transaction costs.

Applicability

The introduction of USDX is particularly suited for daily small payments, high-frequency small transactions, etc. This provides an ideal solution for payment integration in various online games, AI application scenarios, etc. Developers and business operators can easily integrate the OEX blockchain, using USDX as a payment or reward mechanism, thereby increasing user engagement and market attractiveness of the applications.

Ecosystem Development

By incentivizing the development and use of various applications with USDX, the OEX blockchain can attract more developers and users to its ecosystem. The stability and low transaction cost features of USDX provide a solid foundation for building a thriving, diverse Web3 ecosystem.

Acquisition Methods

Users can automatically exchange mainstream stablecoins (such as USDT, USDC, etc.) for USDX at a 1:1 ratio by transferring them to the OpenEX platform. This process is designed to offer a simple and quick way for users to easily enter the OpenEX ecosystem for trading and participation. The reserve relationship between USDX and other stablecoins is always maintained at 1:1, with slight fluctuations in exchange rates and fees during conversion and redemption based on market conditions and supply-demand, ensuring the stability of USDX value.

Economic Significance of USDX

By introducing USDX, OpenEX provides users with a more stable and efficient trading environment. The design and functionalities of USDX reflect OpenEX's commitment and effort to create a sustainable, user-friendly digital asset trading platform. From an economic perspective, USDX, as a stablecoin reserved 1:1 with various stablecoins, shares a similar design philosophy with a basket of currencies concept. This design offers several advantages:

1. Diversification of Risk

USDX diversifies risk effectively by being reserved 1:1 with multiple stablecoins, mitigating the risks associated with reliance on a single currency source. Compared to stablecoins issued by a single entity (like USDT or USDC), USDX's value is not severely impacted by legal, financial, or operational issues of a single stablecoin's backing entity. This diversified reserve strategy enhances the overall system's stability and resilience against external shocks.

2. Enhanced Stability

A basket of currencies mechanism, by combining multiple assets, balances and stabilizes value, akin to the International Monetary Fund's Special Drawing Rights (SDR). This method reduces the impact of any single asset's value fluctuation on USDX stability, offering users a more stable medium for value storage and transactions. In market volatilities, this design maintains USDX value stability, providing a more reliable trading environment for users.

3. Increased Trust and Transparency

Relying on a 1:1 reserve with multiple stablecoins, USDX's value anchoring mechanism becomes more transparent, as it depends on several market-accepted and verified stablecoins. This mechanism ensures USDX's stability and value not solely on the reputation of a single issuer but on the collective credit of multiple stablecoins, thereby increasing user trust in USDX's stable value.

4. Promotion of Market Efficiency

USDX's design promotes liquidity and efficiency across markets. Users can easily convert between different stablecoins and USDX, enhancing the overall cryptocurrency market's liquidity, reducing transaction costs, and improving market efficiency.

5. Support for a Wider Range of Application Scenarios

With enhanced stability and trust, USDX is more readily accepted across various application scenarios, including cross-border payments, decentralized finance (DeFi) projects, and smart contract executions. This broad applicability further expands USDX's use cases, promoting its adoption and acceptance globally. Stable and low-cost transaction currencies can also become the preferred choice for automated payments and transactions between future AI Agent or AGI applications.

In summary, USDX's design philosophy exhibits superior characteristics over stablecoins issued by single entities, especially in terms of risk diversification, stability enhancement, trust increase, and promotion of market efficiency. This stablecoin mechanism, based on a basket of currencies concept, offers a more sound and reliable medium for value storage and transactions in the stablecoin market.

BTC Layer2 Integration Strategy

As a uni-layer2 application network design, OpenEX's compatibility with EVM ensures its maturity in various applications within the EVM ecosystem. With the continuous growth of Bitcoin transaction volume, the processing capacity and transaction costs of its main chain have become major challenges for users and developers. BTC Layer2 technology, as a key solution to this problem, aims to improve transaction speed and reduce costs by establishing a second-layer network on top of the Bitcoin main chain without sacrificing the network's decentralization and security.

In-depth Analysis of the Market Status and Technical Challenges of BTC Layer2

BTC Layer2 solutions such as the Lightning Network and Sidechains, although providing hope for solving Bitcoin's scalability issues, still face several technical and market challenges:

• Technical Complexity: The implementation and maintenance of Layer2 solutions require a high level of technical knowledge, limiting their widespread adoption.

• User Experience: To use Layer2 networks, users often need to take additional steps, such as opening channels or locking up funds, which may affect the user experience.

• Liquidity Fragmentation: Layer2 networks may lead to the fragmentation of funds between the main chain and the second layer, affecting the liquidity of funds.

• Network Interoperability: The poor interoperability between different Layer2 solutions limits their effectiveness and application scope.

• Lack of Turing Completeness: Bitcoin's script cannot achieve a Turing-complete virtual machine, leading to limited space for DeFi and application innovation.

OpenEX's Innovative Applications and Solutions in BTC Layer2 Technology

OpenEX proposes a series of innovative applications and solutions to address the above challenges:

• Seamless Integration: OpenEX is committed to seamlessly integrating BTC Layer2 technology into the platform, providing a simple and intuitive user interface to lower the barrier to using Layer2 technology.

• Cross Layer2 Liquidity Pools: By establishing cross Layer2 liquidity pools, OpenEX aims to solve the problem of liquidity fragmentation, ensuring the free flow of funds between different Layer2 solutions.

• Cross-Chain Bridging Technology: Utilizing advanced cross-chain bridging technology, OpenEX can achieve asset interoperability between BTC and other chains (including EVM-compatible chains), further improving the efficiency of fund utilization.

• User-Friendly Payment Channels: By optimizing the process of opening and managing payment channels, OpenEX offers users a more convenient Layer2 payment experience.

• EVM-Compatible Virtual Machine: With almost zero-cost migration of a rich array of DeFi and various DApp applications from the EVM ecosystem, the value of BTC assets in finance and application fields is greatly amplified.

Discussion on the Expected Improvement in User Experience and Transaction Efficiency

Through the above innovative applications and solutions, OpenEX expects to significantly improve user experience and transaction efficiency in the following aspects:

• Lowering the Barrier to Use: Simplifying the process of using Layer2 technology, enabling non-technical users to easily enjoy fast, low-cost Bitcoin transaction services.

• Improving Fund Liquidity: The application of cross Layer2 liquidity pools and cross-chain bridging technology will greatly enhance the liquidity and efficiency of fund use.

• Accelerating Transaction Processing: Through Layer2 technology, OpenEX can achieve almost instantaneous transaction confirmation, significantly improving transaction efficiency.

• Enhancing Network Interoperability: Promoting interoperability between Layer2 solutions, providing users with a wider range of services and application scenarios.

OpenEX, by deeply integrating and innovatively applying BTC Layer2 technology, not only addresses the main challenges faced by the Bitcoin network but also provides users with a superior transaction experience and efficiency. These efforts will further consolidate OpenEX's leading position in the digital asset trading field and promote the development of the entire ecosystem.

Project Milestones and Development Roadmap

Updated Key Milestones and Achievements

Since its launch, the OpenEX Network has achieved a series of important milestones, marking a solid step forward in building a Web3 exchange for the AGI era. Here are our key milestones:

• Successful launch of the LONG Testnet: This was a crucial step in our technological validation, demonstrating the feasibility and efficiency of a trading network with USDT as the base currency.

• Comprehensive deployment of tool applications: On the LONG Testnet, we have implemented a range of tool applications including wallets, trading, voting, staking, token creation, FairLaunch projects, and staking airdrops, providing users with a comprehensive Web3 trading and management experience.

• Launch of the AI Agent asset creation platform: The launch of this platform signifies OpenEX's proactive approach in addressing the development of Web3 applications in the AI era, enhancing the ability to create and manage assets through AI technology.

Detailed Planning for Short-Term and Long-Term Goals

Short-Term Goals:

• Release of the OEX Token: The OEX Token will serve as the native token of our ecosystem. It is planned to be initially released on Ethereum, BSC, or Core Blockchain in ERC20 format, further activating our economic model and user participation.

• Launch of the OEX App: Officially launching the OEX App to further simplify interactions with OEX-related protocols and functionalities, and prepare client-side technology for the Mainnet launch.

• Launch of the OpenEX Mainnet: Officially launching the OpenEX Mainnet, a key step in our network's development, providing users with more stable and efficient services.

Long-Term Goals:

• Continuous Technological Innovation: We will continue to explore new technologies, including blockchain and artificial intelligence, to ensure that the OpenEX Network maintains a leading position in the Web3 era.

• Ecosystem Expansion: Through partnerships and community development, we will expand the OpenEX ecosystem, attracting more developers and users to join and collectively push the future of Web3 exchanges.

• Optimization of Cross-Chain Asset Operations: Continue to optimize and expand our cross-chain bridging technology to support more EVM-compatible chains and BTC, providing a smoother user experience.

Focus on Continuous Innovation and Technological Upgrades

• Strengthening the Application of AI Technology: Continue to develop the AI Agent asset creation platform, leveraging AI technology to improve the efficiency and innovativeness of asset management, offering more diversified services to users.

• Continuous Optimization of the Technical Architecture: Through continuous technological upgrades and optimizations, improve the network's performance and stability to support larger-scale transactions and complex operations.

• Deepening Community and Partnership Relations: Strengthen interaction with the developer community and partners, jointly exploring and realizing new technologies and applications in the Web3 domain, driving the continuous development of the ecosystem.

Through the above planning and strategies, the OpenEX Network is committed to becoming a pioneer in the Web3 trading platform for the AGI era, providing users with seamless, efficient, and innovative service experiences.

Risk Analysis and Mitigation Strategies

Technical Risks

Risk Assessment

• Security Vulnerabilities: The complexity of blockchain technology and smart contracts may lead to security vulnerabilities, resulting in hacker attacks and fund theft.

• Performance Bottlenecks: With the growth in the number of users and volume of transactions, the existing technical architecture may face performance bottlenecks, affecting user experience.

Mitigation Measures

• Security Audits: Conduct regular security audits and code reviews to identify and fix potential security vulnerabilities in a timely manner.

• Performance Optimization: Continuously optimize the technical architecture and algorithms to enhance the system's processing capacity and efficiency.

• Disaster Recovery Plan: Establish a disaster recovery plan to ensure that services can be quickly restored in the event of data loss or system failure.

Market Competition

Risk Assessment

• Intensifying Competition: As more companies and projects enter the digital asset trading market, competition will become increasingly fierce.

• User Attrition: Failure to continuously provide innovative products and services may lead to user attrition.

Mitigation Measures

• Continuous Innovation: Persist in the research and development of new technologies and products to enhance platform competitiveness.

• User Experience Optimization: Constantly optimize user experience to increase user retention.

• Market Diversification: Expand into new markets and user groups to reduce dependence on a single market.

Regulatory Compliance

Risk Assessment

• Regulatory Uncertainty: The global cryptocurrency regulatory environment is constantly changing, which may affect business operations and expansion plans.

• Increased Compliance Costs: Complying with regulatory requirements in different regions may lead to increased compliance costs.

Mitigation Measures

• Regulatory Monitoring: Closely monitor global cryptocurrency regulatory trends and adjust business strategies timely.

• Professional Compliance Team: Establish a professional compliance team to ensure that business operations comply with laws and regulations in various regions.

• Active Communication and Negotiation: Maintain open and positive communication with regulatory authorities to strive for a more favorable regulatory environment.

Team and Community

From the inception of the OpenEX project, we have believed that a strong, healthy community is key to the success of a blockchain project. Therefore, the development of OpenEX has always followed a core principle: to be driven and supported comprehensively by the community. This is reflected not only in our project's daily decision-making process but also in the formulation of OpenEX's long-term vision and strategic objectives. Our team works closely with community members to collectively push the project forward, ensuring that every step reflects the community's wishes and best interests.

Unlike many blockchain projects, OpenEX has not accepted investment from any external institutional capital. This strategy ensures that we can maintain complete independence and autonomy, allowing the project's direction and pace of development to be entirely determined by the collective vision of the community and team. This unique operating model allows OpenEX to adjust strategies flexibly and respond rapidly to market changes and community needs without being influenced by external interests.

In terms of Tokenomics design, we have also adopted an innovative and fair approach. The design of OpenEX's Token (denoted as OEX) is intended to fairly reward community members, with a series of incentives to ensure that individuals and groups contributing to the network can receive corresponding rewards. We firmly believe that the value of the project ultimately comes from the participation and support of the community, and therefore, the distribution mechanism of OEX is designed to reflect this philosophy, ensuring that the value of the Token reflects the contributions of community members and the actual development of the project.

The OpenEX team commits to maintaining open and transparent communication with the community, ensuring that all key decisions are subject to thorough community discussion and consensus. We believe that through this approach, OpenEX can continue to evolve to meet the needs of the future blockchain world while maintaining the core values and principles of our project.

We invite every individual passionate about blockchain technology from around the globe to join our community and collectively shape the future of OpenEX. Together, we can not only drive the growth of the OpenEX project but also leave our collective mark in the vast realms of cryptocurrency and blockchain technology.

Market Strategy and Operational Plan

OpenEX has achieved significant market and operational success in a short time through its innovative technology and user-friendly services, including over 2.3 million OEX airdrop claim users, over 200,000 Twitter followers, over 30,000 Telegram group members, as well as over 2 million in total transaction volume on the LONG Testnet, over 20 million USD in test TVL, and over 90,000 active addresses (approximately 20 days after testnet launch).

Based on these achievements, we will further adjust and optimize our market strategy and operational plan.

Strategy Adjustments for Target Markets and User Segmentation

• Segmenting Target Markets: Conduct more detailed market segmentation based on user behavior, needs, and preferences to provide more personalized and targeted services and products.

• User Education and Training: Strengthen education and training for new users, especially regarding Layer2 technology and cross-chain operations, to lower the barrier to entry and attract a broader user base.

Optimization of Marketing Strategies and Deepening of Partnership Relations

• Enhancing Brand Influence: Utilize OpenEX's existing social media influence through high-quality content creation and interactive activities to further enhance brand awareness and appeal.

• Partnership Relations: Deepen relationships with existing partners while actively seeking new partners, including other blockchain projects, financial institutions, and technology providers, to jointly expand market influence and user base.

Focus on Community Development and Explanation of Long-Term Growth Planning

• Community Incentive Mechanisms: Design and implement more community incentive mechanisms, such as airdrops, contests, and governance participation rewards, to increase community activity and engagement.

• Long-Term Growth Planning: Establish clear long-term growth goals and plans, including technological innovation, market expansion, and ecosystem building, to ensure that OpenEX can continue to develop and adapt to future market changes.

• Feedback and Iteration: Establish an effective user feedback mechanism, regularly collect and analyze user feedback, to continuously optimize products and services, better meeting user needs.

Conclusion and Call to Action

As blockchain technology matures and the digital asset market continues to expand, OpenEX Network is committed to playing a pivotal role in this revolutionary transformation. By building an efficient, scalable, and user-centric next-generation Web3 trading network, we not only reaffirm our commitment to innovation and technological excellence but also demonstrate our determination to drive the entire blockchain ecosystem forward.

Reinforcing the Value Proposition and Future Vision of OpenEX

OpenEX Network stands out with its unique value proposition - offering a uni-layer2 solution aimed at addressing the main challenges current trading platforms face, such as scalability, interoperability, and user experience deficiencies. With the introduction of USDX as the base currency, we aim to enhance transaction efficiency and security, while ensuring seamless connectivity with existing and future blockchain networks through EVM compatibility and support for cross-chain asset bridging. Moreover, with the launch of the AI Agent asset creation platform, we further solidify our leadership in the development of Web3 applications in the AI era.

Encouraging Broader Participation from Community Builders and Investors

We firmly believe that the community is the core force driving the development of the OpenEX Network. Therefore, we warmly welcome developers, creators, investors, and blockchain enthusiasts from around the world to join our community and participate in building our ecosystem. By contributing your knowledge, skills, and resources, you can help grow OpenEX into a stronger and more diverse network, while finding your opportunities in the emerging digital economy.

Highlighting the Importance of Collaboration Opportunities and Calls to Action

At OpenEX Network, we always believe that collaboration is the most effective way to achieve common goals. Whether through technical cooperation, strategic partnerships, or community engagement, we are committed to establishing close collaborations with all stakeholders. We especially call on organizations and individuals eager to advance blockchain technology and the digital economy to join us in exploring new models of cooperation and jointly forging the future of blockchain technology.

Call to Action

• Join our community: Participate in the discussion and development of the OpenEX Network, sharing your insights and suggestions.

• Explore partnership opportunities: Whether you are a developer, entrepreneur, or investor, we invite you to explore the possibilities of collaborating with OpenEX.

• Contribute your strength: Help advance the future of the Web3 trading platform by contributing technology, investing funds, or spreading the word about OpenEX through social media.

Let's work together to shape the future of the OpenEX Network and usher in a new era of Web3 trading platforms in the AGI age.

Version Changes

In an era of rapid development in AI technology and the continuous maturation of blockchain technology, OpenEX recognizes that technology and architecture will undergo continuous and rapid iteration. This iteration is not only an inevitable result of technological progress but also a necessary process for the project to adapt to market demands, community feedback, and emerging technology trends. Therefore, we clearly state here that the content of the OpenEX whitepaper will be updated and iterated as necessary with the evolution of technology, market dynamics, and community opinions.

We commit to following principles of openness and transparency for any iteration of the whitepaper, ensuring that all updates can be communicated to our community members, users, and partners timely and clearly. Our update process will include, but is not limited to, optimization of the technical architecture, adjustments to the Tokenomics model, expansion of application scenarios, and improvement of the governance model.

While the specific technical implementations and project architecture of OpenEX may evolve over time, our core vision of providing open, transparent, and efficient trading services will remain unchanged. We believe that this is the cornerstone that enables OpenEX to stand out in the competitive blockchain field and continue to deliver value to users.

Through this flexible and responsible approach, OpenEX is committed to becoming an ecosystem that can grow with technological advancements and community needs, while ensuring that our vision, values, and commitments to users remain consistent. We welcome and encourage the participation and feedback of the community to jointly shape the future of OpenEX.

References

• OpenEX Protocol

• OpenEX: A Web3-based Decentralized Exchange Design and Its Advantages

• Exploring the Fusion of AIGC and Web3: A New Era in Content Creation

• Embracing a New Era: Revolutionary Advancements in AI and Web3 Shaping the Future of Content Creation and Trading

• OpenEX: Building the Future of Web3 and AI-Driven Digital Asset Ecosystem

• OpenEX Architecture Upgrade: Pioneering a New Era in Cross-Chain Asset Trading

• Launching the Future: OpenEX's Long Testnet Unveils a New Era of Digital Asset Trading

• Proof of UTXO: Advancing Blockchain Security with an Enhanced Pledge Mechanism

Official Links

• OpenE𝕏

• OpenEX Telegram

• OpenEX Website

• OpenEX Mirror

• LONG Testnet

• Agie𝕏

• Agiex Website

Announcement

As we stand on the brink of a significant milestone, the launch of the OEX mainnet is imminent. This momentous event marks a new chapter in our journey towards revolutionizing the web3 exchange landscape. We hereby extend an enthusiastic invitation to all miners and community members to be an integral part of this groundbreaking venture.

Join Us on Our Official Channels

Stay ahead and stay informed by following our official 𝕏 account @openex_network. Here, you will receive the latest updates, insights, and announcements directly from the heart of our project. Your engagement and feedback are invaluable to us.

Furthermore, we encourage you to become an active participant in our community by joining our official Telegram group https://t.me/oex_en. This platform offers you a unique opportunity to connect with like-minded individuals, share ideas, and collaborate on shaping the future of the OEX ecosystem.

Your Actions, Our Future

Remember, the strength and future of our community are in your hands. Your involvement, support, and enthusiasm are the driving forces behind our collective success. Let's join hands to build a more interconnected, efficient, and user-centric blockchain ecosystem.

Together, we can achieve unparalleled heights. Your journey with OEX starts now!

Currently, BTC assets are increasingly recognized by organizations and institutions worldwide, with a continuous stream of innovations based on BTC emerging. This includes various types of BTC on-chain asset classes and numerous BTC Layer2 solutions. The majority of standards and rules are also in the process of being established. Here, we aim to explore a new possibility with the community, focusing on introducing DeFi and additional on-chain functionalities to BTC, while maximizing the protection of users' asset ownership rights.

The Essence of Public Chain Security

The essence of blockchain technology is rooted in code logic and consensus. Therefore, when an EVM (Ethereum Virtual Machine) node incorporates additional code logic, this new set of rules supersedes the contract logic of the EVM itself. The security of these rules is inherently linked to the security of the entire chain, maintained through the collective code logic of block producers and validators.

With this in mind, introducing additional consensus logic based on the state of BTC nodes from the underlying code of a public chain equates the security of these logics with the overall security of the public chain.

From this perspective, we propose a UTXO (Unspent Transaction Output) signing pledge mechanism that offers a more streamlined approach than the BTC timelock pledge.

Any public key can sign a UTXO it owns and submit it to the chain's nodes to participate in certain logics. To claim related earnings at the end of the logic, re-submitting and verifying the ownership of the UTXO proves that there were no asset movements during the pledge period. This mechanism facilitates the addition of more EVM-compatible DEFI logics to UTXO pledges, such as staking rewards and voting mechanisms.

UTXO Signing Pledge Scheme

Principle

In public chains utilizing the UTXO model, users demonstrate ownership of UTXOs by signing them and submitting these signatures to chain nodes. This also proves that no liquidity operations were performed on these UTXOs for a certain period. Upon completion of this logic, users can acquire additional rights earned during the pledge period, such as voting rights and reward distributions.

Workflow

1. Users select UTXOs for staking and sign each UTXO. The signature should include a non-repeatable parameter (such as a timestamp or random number) to prevent replay attacks.

2. Users submit the signed UTXO and other necessary information (e.g., pledge duration, participating projects) to the chain's nodes.

3. Upon verifying the correctness of the signatures and information, nodes record the pledged UTXOs and the user's public key on the chain.

4. Users can obtain corresponding rights during the pledge period, such as voting rights and rewards.

5. After the pledge period, users must submit the UTXO signature again to prove there were no liquidity operations on the UTXO during the pledge. After verification, users can retrieve their UTXOs.

Security Considerations

• Preventing Replay Attacks: Signatures prevent others from intercepting and replaying signature data. Each signature should include a timestamp or random number to ensure its uniqueness.

• UTXO Uniqueness: If UTXO merging or splitting is allowed, it could affect the implementation of this scheme. Therefore, rules should clearly state that each UTXO can only be pledged once and cannot be operated on (including merging and splitting) after pledging.

• Chain Security: The scheme's security depends on the security of the chain. Since the verification process is conducted by nodes on the chain, the entire process's security is equivalent to the security of the chain's consensus mechanism.

• Verifier Fairness: If a node on the public chain decides to cheat, it could update some unconfirmed transactions. Therefore, a correct node consensus mechanism will strengthen the security of this scheme.

Potential Future Extensions

This design can be further extended to support more DeFi applications. For example, we can introduce smart contract concepts on top of the UTXO model to implement more complex logics, such as automated lending and liquidity mining.

Significant Security Improvements

In traditional time-locked and deposit-based crypto lending or other DeFi applications, users typically need to transfer assets to a contract address, where they are frozen for a period. During this process, user assets are exposed to various risks:

• Contract Risk: If the contract has programming errors or is attacked, users' assets may be at risk.

• Trust Risk: Users must trust the contract developers or operators not to engage in malicious activities, such as suddenly shutting down the platform or absconding with funds.

• System Risk: Issues with the entire chain system can also affect users' assets.

However, using the UTXO Pledge mechanism, users' asset management rights remain within their private keys, merely proving through signatures that assets have not been moved over a period. Even during the pledge period, users' UTXOs are controlled by their private keys without needing to be transferred to other addresses or contracts. This reduces many risks for users, especially regarding trust in smart contracts or third parties, thereby significantly enhancing security.

Learn more:

OpenEX Website:

OpenEX Network - A gateway for the next billion crypto users

OpenEX provides users with a better trading experience by providing apps, trading protocols and more efficient public chains

https://www.openex.network

Agiex Website:

Celebrations at OpenEX continue as we reveal the lightning-fast implementation and introduction of multiple functionalities on the LONG Testnet.

The festive momentum began with the successful launch of the testnet explorer. Then, it escalated dramatically with the deployment of the swap smart contract and user interface, followed by the test coin faucet and OpenWallet asset management.

With the overwhelming response from our community, we spiced things up even more. Yes, we introduced a new test coin—LONG—and based on it, we rolled out the Stake Pledge function and reward collection functionality. All these within just three days!

Then came the launch of the vote voting function and, based on those votes, we completed a simplified version of the testnet KYC and airdrop contract function testing. Additionally, we set the stage for the future by activating the test cross-chain bridge.

All of these features, although not yet perfect, are a testament to our combined strength—OpenEX and Agiex teams. Our profound Web3 expertise and exceptional execution efficiency shone brightly as we accomplished so much in such a short time.

However, as we celebrate these successes, we also recognize the contributions and feedback of our invaluable community members. These incredible leaps forward are not just ours—they belong to each and every member of the OpenEX community who ensure our continuous improvement.

With such unwavering passion from our community and the dynamic collaboration of our teams, we are confident that OpenEX is poised for accelerated growth.

The OpenEX project community has shown an incredible response to the LONG Testnet, achieving near 80K in daily trading volumes, tens of thousands of daily new active addresses and nearly 500K cross-chain transactions. The impressive figures have surpassed many established L1 and L2 mainnets.

The strength, energy, and dynamism of this community are just astounding. It's only been a few days since the launch of the LONG testnet, and we are already registering significant milestones, surpassing many popular L1 and L2 mainnets.

The LONG testnet has recorded near 80K in daily trading volume — an authentic testament to the exceptional commitment from OpenEX users. The numbers speak for themselves, demonstrating a high level of engagement, trust, and belief in the OpenEX project community's potential.

In addition to the skyrocketing trading volumes, we have seen an impressive influx of new active addresses—tens of thousands every day—indicating a growing network of OpenEX users driven by our mission to redefine decentralized exchange.

Most noteworthy, however, are the almost 500,000 cross-chain transactions carried out. It's a clear indicator that the transition to a more interconnected blockchain future is not just possible; it’s happening right now at OpenEX.

The incredible response to the LONG testnet is overwhelming proof of the power of the OpenEX community. Together, we have shown that we are capable of achieving great things. Let's keep pushing forward. Because, with OpenEX, the future is abundant.

Websites:

OpenEX Network - A gateway for the next billion crypto users

OpenEX provides users with a better trading experience by providing apps, trading protocols and more efficient public chains

https://www.openex.network

https://long.hub.openex.network/wallet

Related Links:

The testnet RPC Service can be used after adding the network through mainstream web3 wallets such as Metamask.（ChainID：7798，Native Token：USDT）

RPC Service: https://long.rpc.openex.network

The Long testnet provides a comprehensive blockchain explorer for users to use, where they can submit and verify smart contract code.

Explorer URL: https://scan.long.openex.network

The Long testnet also offers a simple swap contract and interaction interface for users to experience and try.

Swap interface URL: https://long.swap.openex.network

Finally, thanks to the agiex team for providing a faucet interface for the Long testnet, allowing users to claim the testnet's Native Token for various tests. You just need to interact with Agiex's smart contract on Core to receive 10 testnet Tokens.

Faucet URL: https://agiex.org/long/faucet

Core Innovations

What sets the Long test network apart is its design of the native token. Unlike the traditional approach of using the platform's own token as the native token, the Long test network chooses USDT as its native token, while deploying the OEX Token in the form of ERC20. This innovative design significantly enhances the efficiency and convenience of liquidity management for assets, making OpenEX's blockchain infrastructure more suitable for trading services, especially in building liquidity trading pools between assets and USDT.

Further reducing Gas fees is also a highlight of the Long test network. By minimizing transaction costs to a negligible level, the Long test network provides an ideal environment for various trading and payment applications. This cost-effective design is expected to attract more innovative trading protocols, payment protocols, entertainment game protocols, and AI application protocols to test and deploy on this network.

Technical Compatibility

As an EVM (Ethereum Virtual Machine) compatible chain, the Long test network ensures high compatibility with the existing ecosystem, allowing developers to easily migrate their existing dApps to Long for testing. The provided RPC service address further simplifies this process, enabling developers to easily access through mainstream Web3 wallets like Metamask.

Developer Support and Community Participation

The OpenEX team also provides a range of tools and services to support developers and users, including a comprehensive blockchain explorer for submitting and verifying smart contract codes; a simplified swap contract and user interface; and a faucet interface, allowing users to claim the test network's native token for testing. These tools not only showcase the technical capabilities of the Long test network but also reflect OpenEX's commitment to building an active and healthy community.

Future Outlook

Looking ahead, the OpenEX team plans to launch more features on the Long test network, including asset cross-chain bridges, staking reward contracts, and interfaces, to further enrich its ecosystem. At the same time, the team encourages a wide range of Web3 application and protocol developers to test on the Long test network, actively collecting community feedback to continuously optimize the network.

Safety and Value Reminder

Lastly, it's important to emphasize that the main purpose of the test network is for technical testing and verification, and the native token and various ERC20 tokens on the network do not have actual value. The OpenEX team is committed to providing a safe and reliable testing environment to help advance the development and application of blockchain technology.

Related Links:

The testnet RPC Service can be used after adding the network through mainstream web3 wallets such as Metamask.

RPC Service: https://long.rpc.openex.network

The Long testnet provides a comprehensive blockchain explorer for users to use, where they can submit and verify smart contract code.

Explorer URL: https://scan.long.openex.network

The Long testnet also offers a simple swap contract and interaction interface for users to experience and try.

Swap interface URL: https://long.swap.openex.network

Finally, thanks to the agiex team for providing a faucet interface for the Long testnet, allowing users to claim the testnet's Native Token for various tests. You just need to interact with Agiex's smart contract on Core to receive 10 testnet Tokens.

Faucet URL: https://agiex.org/long/faucet

Participation is simple:

1. Log in to the Zealy.io platform using your Web3 wallet.

2. Join the Agiex community and patiently await the event launch.

3. Complete three tasks within the Agiex community:

   • Follow the official Twitter accounts of Agiex and OpenEX.

   • Comment, retweet, and like specified Agiex tweets.

   • Post a tweet mentioning @agiex_org and @openex_network.

4. Completing these tasks earns you a ticket for a free AI Avatar.

5. Once 5000 tickets are claimed, we'll officially kick off the free Avatar distribution event.

6. Before claiming your Avatar, ensure your receiving address holds a certain amount of core for gas fees, usually greater than 0.001 core.

The event launch date will be announced on the Zealy platform, so stay tuned for official notifications!

We look forward to your participation and support in creating a creative and vibrant digital world together!

Join Now:

Join Agiex

Looking forward to the era of Advanced General Intelligence (AGI), we envision a future where technology fosters equality.

https://zealy.io

Download:

https://agiex.org/download

Follow Agie𝕏:

A New Chapter in Cross-Chain Interoperability

Traditionally, the island effect of blockchain platforms and assets has limited asset liquidity and user trading experience. By supporting assets across the entire blockchain ecosystem, OpenEX's new architecture not only breaks down these barriers but also provides a broader liquidity platform for assets. This realization of cross-chain interoperability means users can seamlessly trade assets across different blockchains without worrying about unfavorable exchange rates, long transaction times, or additional fees.

Enhancing Liquidity, Driving Market Efficiency

By equating the total asset scale to the total value of the entire blockchain ecosystem, OpenEX significantly increases platform liquidity. Higher liquidity means higher transaction efficiency and lower transaction costs, providing users with a more economical and efficient trading environment. Moreover, this also brings higher price discovery efficiency and more stable asset valuation to the market, offering investors a more transparent and fair trading environment.

Strengthening Investor Confidence, Expanding Market Potential

The architecture upgrade of OpenEX boosts investor confidence in the platform, not only due to its advanced technology but also because of its core role in the entire blockchain ecosystem. By offering users a wider range of asset choices and a better trading experience, OpenEX attracts more investors and users, thereby providing a strong impetus for the development of blockchain projects and tokens.

Promoting Ecosystem Diversity and Innovation

This architecture upgrade, by supporting a wider variety of assets, provides fertile ground for the diversity and innovation of the blockchain ecosystem. It not only encourages the development of new projects and tokens but also offers more opportunities for cooperation and integration for existing projects, thus accelerating the growth and prosperity of the entire industry.

Conclusion

The architecture upgrade of OpenEX is a significant contribution to the Web3 world. It not only enhances the competitiveness of the platform itself but also opens new pathways for the development of the entire blockchain ecosystem. By promoting asset liquidity, enhancing cross-chain interoperability, improving market efficiency, strengthening investor confidence, and fostering ecosystem diversity and innovation, OpenEX is leading cross-chain asset trading into a more open, efficient, and diverse new era.

As technology continues to advance and the ecosystem continues to mature, we have every reason to believe that the architecture upgrade of OpenEX will bring more possibilities and opportunities to the blockchain and Web3 world. Let us look forward to the potential of blockchain technology to be fully realized under the leadership of OpenEX, bringing deeper impacts to the global economy and society.

Join Now

The Agiex App, a flagship application under OpenEX, is set to be the first to support the newly upgraded architectural modules. It will gradually incorporate cross-chain assets such as ETH (OP), BNB, among others. Please download the latest version from the Agiex official website to participate in the early testing phase.

https://agiex.org/download

Disclaimer: The content of this article is analyzed from a technical perspective regarding the OpenEX architecture upgrade and does not constitute any form of investment advice. Readers should conduct their independent research and consult professional financial advisors before making any investment decisions.

New Features and Services

• OETH (ETH on OP) Access: Now supporting OETH deposit and withdrawal operations, bringing you a more convenient asset management experience.

• Expansion of OETH Consumption Scenarios: Expanded the application of OETH in multiple consumption scenarios, including the creation, exchange, and trading of Avatars and Worlds. We also provide exchange rate tips and membership card level discount prompts, making your transactions more transparent and efficient.

• Tokens Price Update Mechanism: Introduced a new scheduled service to update the prices of Tokens, achieving real-time price updates to ensure that users can obtain the most accurate price information when trading.

Limited-Time Events

• Free Random Avatar Event: Through the Zealy platform, we will provide a limited-time event to get a random Avatar for free, limited to 5,000 people per month, giving new users the opportunity to experience our services for free.

• Mining Avatar: Every user can now have a free Avatar to mine OEX, and member users will soon enjoy the convenience of one-click collection.

Feature Enhancements

• ETI Avatar Score Enhancement: We have optimized the calculation of the ETI Avatar Score, enhancing the impact of the rarity attribute on the Score, making the value of each Avatar more accurately reflect its rarity.

Client Updates

• Multi-Currency Consumption Processing: The client can now prompt the currency used and the converted amount, making your spending decisions wiser.

• Interface Optimization: The EP exchange interface has been updated, now more clearly displaying the amount consumed and obtained.

Bug Fixes

• We have fixed some issues reported by users, including the ineffective Copy function in the backup interface and incorrect display of Pass discount information, to improve your user experience.

Thank you for your continued support. We look forward to your feedback on the new version, so we can continue to improve and optimize. Please enjoy these new features and stay tuned for future updates!

Wishing you a pleasant experience!

Download

https://agiex.org/download

In the cryptocurrency market, exchanges serve as the core platform for users to trade and manage assets. The safety, transparency, and efficiency of exchanges are crucial. Currently, there are two main types of exchanges in the market: centralized exchanges (CEX) and decentralized exchanges (DEX). OpenEX is a Web3-based decentralized exchange, aiming to combine the advantages of both types to provide users with a safer and more efficient trading experience.

OpenEX Architecture

The following is an overview of the OpenEX architecture:

This image provides a brief overview of the architecture and components of the Web3-based decentralized exchange OpenEX. Please note that this is a general overview, and specific projects may vary. However, the basic architecture and components should be similar.

Exchange Type Analysis

Before delving into the advantages of OpenEX, we need to understand the differences between decentralized exchanges (DEX) and centralized exchanges (CEX). The following is an analysis of the pros and cons of these two types of exchange designs:

Decentralized Exchanges (DEX):

Advantages:

• Security: Since transactions occur on-chain, DEXs do not hold user assets, reducing the risk of hacking attacks on centralized exchanges.

• Transparency: All transaction records are stored on the blockchain, allowing anyone to view and verify them, ensuring fairness and integrity.

• Trustlessness: Users do not need to trust the exchange, as transactions happen directly on the chain without the need for intermediaries.

• Privacy protection: Users typically do not need to undergo KYC (Know Your Customer) when trading on a DEX, protecting their privacy.

Disadvantages:

• Speed and scalability: Blockchain-based transaction processing can be relatively slow, potentially affecting the trading experience.

• User experience: DEX operations may be more complex for average users.

• Low liquidity: DEXs usually have lower liquidity, potentially leading to higher transaction costs.

Centralized Exchanges (CEX):

Advantages:

• Speed: Transaction processing is relatively faster since transactions take place within the exchange rather than on the blockchain.

• User experience: Friendly user interface and simple operation, suitable for novice users.

• High liquidity: CEXs generally have higher liquidity, facilitating faster transactions and lower transaction costs.

Disadvantages:

• Security risks: User assets are custodied by the exchange, making them vulnerable to hacking attacks and potential asset loss.

• Lower transparency: Transaction records are stored in the exchange's internal database, and users cannot verify their authenticity.

• Privacy concerns: Users need to undergo KYC (Know Your Customer), potentially exposing their private information.

OpenEX Advantages

Based on the analysis of DEX and CEX above, we can understand the advantages of the Web3-based decentralized exchange OpenEX:

• Security: Like DEXs, there is no need to custody user assets, reducing the risk of hacking attacks.

• Cross-chain trading: Supports cross-chain protocols, enabling asset exchanges between different blockchains.

• Transparency: All transaction records are stored on the blockchain, ensuring fairness and integrity.

• Privacy protection: Users do not need to undergo KYC (Know Your Customer) when trading.

Although Web3-based decentralized exchanges like OpenEX may still face challenges in terms of speed, user experience, and liquidity, their advantages in security, transparency, and privacy protection are enough to attract many users. By continuously improving technology and promoting industry innovation, OpenEX is expected to gradually overcome these challenges and provide users with a more comprehensive trading experience.

In summary, OpenEX, as a Web3-based decentralized exchange, combines the advantages of both DEX and CEX, aiming to provide users with a safer, transparent, and efficient trading experience. By introducing cross-chain protocols and other innovative technologies, OpenEX can not only meet the trading needs of various blockchain assets but also significantly protect user privacy and reduce centralized risks.

When choosing an exchange, users can weigh these pros and cons based on their needs and preferences. For example, for users who value security and privacy, a decentralized exchange may be more suitable; for those seeking high liquidity and simple operation, a centralized exchange may be more appropriate. However, as technology develops and the market changes, Web3-based decentralized exchanges like OpenEX are becoming the mainstream trend in the future digital currency trading market.

OpenEX, with its innovative architecture and technology solutions, overcomes the limitations of traditional DEXs and CEXs, providing users with a secure, transparent, and efficient trading platform. Looking forward, OpenEX and similar platforms will continue to lead the development of the digital currency trading market, pushing the industry towards a more secure, efficient, and decentralized direction.

Part 2 OEX Tokenomics

This parts provides the Tokenomics design framework for OEX tokens, aiming to establish a balanced, sustainable, and community-driven economic model. It's explicitly stated that OEX tokens are conceptualized as Utility Tokens, intended to serve its platform and ecosystem. The document also underscores the importance of adjusting the design plan in response to changes in cryptocurrency regulations.

1. Token Classification and Purpose

1.1 Utility Token Definition

• Utility Token:

  • Definition: Specifically designed to provide access or services within a system, rather than as an investment tool.

  • Purpose: OEX tokens are intended to offer functional services within the system, such as paying fees, participating in governance, accessing specific services, etc.

1.2 Legal Compliance and Adjustments

• Regulatory Adaptability: Given the ever-evolving cryptocurrency regulatory landscape, the Tokenomics design of OEX tokens will maintain flexibility to adapt to legal requirements globally.

• Continuous Compliance Review: Regular compliance reviews to ensure adherence to international laws and regulations.

• Transparent Communication: Transparent communication regarding any compliance-related adjustments, ensuring community understanding and support for these changes.

1.3 Distribution Plan

• Total Supply:

  • 10 Billion OEX, to be gradually released over a period of 5 years.

• Community Airdrop (20%):

  • Purpose: To reward and incentivize early community members.

  • Implementation: Phased implementation to prevent excessive market volatility.

• Early Contributors (10%):

  • Purpose: To reward early supporters.

  • Lock-up: No release in the initial four quarters, starting release from the fifth quarter, to ensure long-term commitment to early contributors.

  • Release: A gradual release plan over 2.5 years, with the tokens divided into 10 quarters, releasing 1% of the early contributor tokens each quarter.

• Core Team (15%):

  • Purpose: To incentivize team members in the long run.

  • Lock-up: No release in the initial four quarters, starting release from the fifth quarter.

  • Release: A linear release strategy over 3.75 years, with the tokens divided into 15 quarters, to reinforce the team's long-term commitment.

  • Performance Incentives: An additional performance incentive pool set up for the core team, constituting 10% of the team allocation (i.e., 1.5% of the total amount).

  • Milestone Rewards: Performance incentives to be distributed upon achieving pre-set key project milestones (e.g., user growth, product launches, partnership developments).

  • Reward Release: Performance rewards may be distributed immediately upon milestone achievement.

• OEX Foundation (25%):

  • Purpose: To support project operations, R&D, and ecosystem development.

  • Usage: Clear stipulations on the use of funds and transparency.

  • Release: A linear release strategy over 5 years, with the tokens divided into 20 quarters.

• Staking Rewards (30%):

  • Purpose: To incentivize network security and active participation.

  • Release: A release strategy over 5 years, with the tokens divided into 20 quarters.

  • Implementation: Dynamic adjustment of reward mechanisms to control inflation.

1.4 Special Considerations

• Transparency: All token allocations and unlocking plans will be publicly transparent, to earn community trust.

• Risk Management: Establish strategies to address market fluctuations and regulatory changes.

2. Community Airdrop Reward Logic

2.1 Reward Strategy

OpenEX will continuously refine and optimize the airdrop incentive direction in coordination with airdrop cooperative projects and ecosystem development. The early community airdrop of OEX will be based on the following core logic:

• Total User Growth: Rewarding airdrops by introducing new users.

• User Activity Growth: Rewarding daily active behaviors, such as transactions, community event participation, etc.

• Internal Value Growth: Encouraging innovation and growth in digital assets.

• External Value Growth: Rewarding the locking and integration of external system assets.

• Internal Value Liquidity: Promoting trading and liquidity.

• Value Reserve Growth: Incentivizing long-term staking and capital reserves.

2.2 Control Measures

• Airdrop Cap: Setting annual or total airdrop caps for each participating project to control inflation.

• Decreasing Mechanism: Reducing the amount of each incentive airdrop over time to encourage early participation.

3. Token Value

3.1 Value Drivers

• Systemic Scenario Increase:

• System Consumption: Ecosystem projects will design mechanisms for token consumption in specific scenarios, such as transaction fees, service charges, etc.

• Governance: Token holders will participate in project governance decisions, enhancing their involvement and influence.

• Market Scenario Increase:

  • Trading: Enhancing the token's liquidity and tradability in the market, and supporting the use of OEX as a transaction unit in various ecosystem projects.

  • Partnership Relations: Collaborating with other projects and platforms to expand the token's use cases.

3.2 Buyback and Token Burning

• System Buyback: Ecosystem projects supporting OEX Token will periodically buy back tokens from the market for ecosystem development and user incentives.

• Token Burning: Various systems will reduce circulating supply through burning mechanisms, enhancing token scarcity.

4. Risk Management and Compliance

• Risk Management Plan: Establish strategies to address market volatility and regulatory changes.

• Regulatory Compliance: Keep abreast of global cryptocurrency market regulations, ensuring the project's compliance.

5. Community Development and Ecosystem Building

• Community Incentives: Design diverse community participation and incentive plans, such as online activities, suggestion and feedback rewards, etc.

• Ecosystem Cooperation: Establish cooperative relationships with other projects and platforms to expand the token's application scenarios and user base.

• Education and Promotion: Strengthen user education and promotion, enhancing understanding of OEX token value and applications.

• Regular Assessment and Adjustment: Regularly assess the development of the community and ecosystem, adjusting strategies according to market and technological changes.

6. Ongoing Monitoring and Adjustment

• Data Monitoring: Continuously monitor the token's market performance and compliance.

• Timely Adjustments: Adjust the Tokenomics in response to changes in market and regulatory environments.

• Transparent Communication: Maintain open communication with the community, providing clear explanations and guidance on any significant adjustments.

7. Conclusion

OEX's Tokenomics design aims to ensure its tokens serve as Utility Tokens for the system. We emphasize the adaptability of the token design to ensure compliance in different global regulatory environments. Additionally, we commit to continuous monitoring and adjusting our strategies to adapt to the evolving cryptocurrency market and regulations.

As a design draft, this document may still be subject to adjustments before its official release. We welcome active participation and collaborative building from community members. Your opinions are highly valued, and you are encouraged to submit them at any time through ecosystem apps such as Agiex.

Part 3 OEX as an Embedded Module in Web3 Applications

1. Module Integration Methodology:

   • Seamless Integration: OEX is architecturally designed for facile integration into any existing Web3 applications, delivering an uninterrupted trading experience.

   • API and Smart Contract Interfaces: A comprehensive suite of APIs and smart contract interfaces are furnished, enabling developers to customize OEX functionalities according to the requisites of their applications.

2. Transactional Functionality:

   • Decentralized Trade Execution: As a DEX, OEX facilitates on-chain transactions, ensuring security and transparency in trade execution.

   • Cross-Chain Trading Capabilities: Leveraging cross-chain technologies to support trading across disparate blockchain assets, thereby offering a diversified trading portfolio to users.

3. Tokenomics Integration:

   • Utilization of OEX Tokens: OEX Tokens serve as a medium for transaction fee payments, governance participation, and accessing specific services within the ecosystem.

   • Incentivization Mechanisms: Community airdrops and incentive schemes are instituted to encourage user engagement and adoption of the OEX module.

4. User Experience Considerations:

   • Simplified Interface Design: While based on DEX principles, OEX is uniquely engineered to provide an interface akin to that of a CEX, enhancing user friendliness.

   • Educational Resources and Support: Provision of educational content to aid users in comprehending and effectively utilizing the OEX module.

5. Security and Compliance:

   • Security Assurance: OEX module is designed with a focus on transactional security, employing state-of-the-art cryptographic techniques to safeguard user assets.

   • Regulatory Adherence: Both OEX module and its Tokenomics are crafted to align with global cryptocurrency market regulations, ensuring compliance.

6. Adaptability and Scalability:

   • Responsiveness to Market and Technological Shifts: Periodic assessments and adjustments of the OEX module are conducted to stay abreast of market dynamics and technological advancements.

   • Community Feedback Incentivization: User feedback through ecosystem applications is encouraged to refine module functionalities and enhance user experience.

Conclusion

As an embedded module within the Web3 sphere, OEX aims to amalgamate the merits of both DEXs and CEXs, offering a secure, transparent, and efficient trading environment. With its advanced Tokenomics framework and cross-chain functionality, OEX is not only poised to meet the trading demands of diverse blockchain assets but also plays a pivotal role in safeguarding user privacy and mitigating centralized risks. As technology evolves and the market landscape transforms, OEX is expected to emerge as a significant trendsetter in the digital currency trading arena.

Part 4 OpenEX and Agiex: Pioneering the Web3 and AI Era

As we advance into an era increasingly shaped by digital innovations, the roles of OpenEX and Agiex in the realms of Web3 and artificial intelligence (AI) have become pivotal. This article aims to introduce the early stages of these two projects to our community, discussing their significance and prospective trajectories.

The Symbiotic Relationship Between OpenEX and Agiex

Agiex forms an integral component of the OpenEX ecosystem, poised to address the advent of the Artificial General Intelligence (AGI) era. Initially, Agiex will concentrate on refining AI-Generated Content (AIGC) and AI Agent system architectures, alongside continuous training and optimization of AI large models. Agiex aspires to empower individuals, enabling them to become 'super individuals' in the AI era, effortlessly creating high-quality digital assets.

As the product evolves, Agiex is set to foster a new form of Web3 community, driven by both AI and user participation. In this community, AI will increasingly engage in the creation, management, and enhancement of digital assets. Agiex is committed to evolving into a 'zero-human company' (driven entirely by AI and community) and, through AI and community governance, empower every community member to become a super individual in the AI era. OpenEX, meanwhile, will continue to focus on advancing the management and liquidity of Web3 digital assets, leveraging these core capabilities and the value of OEX Token to empower various applications within the ecosystem.

The Imperative of Launching Agiex App First in the OpenEX Ecosystem

The value of any token cannot be actualized in a digital ghost town; it requires the support of a real, active community. The significance of the Agiex App within the OpenEX ecosystem lies in:

• Creating more AI digital content value within the ecosystem before the new AGI era dawns.

• Establishing AI Agent application infrastructure.

• Providing a new congregation point for the community's AI-empowered super individuals.

Application Scenarios of OEX Token within Agiex

The application of OEX Token within Agiex is primarily manifested in two aspects:

• Reward Distribution: OEX Token will be used as a medium for reward distribution within Agiex, designed to incentivize user engagement, content creation, and various aspects of value circulation.

• Utility Scenarios: The use of OEX Token will be gradually introduced across various system functions, serving as a means of payment and transaction.

Application Scenarios of OEX Token in Other Ecosystem Applications

Beyond its role in Agiex, the OEX Token is integral to multiple scenarios within the entire ecosystem:

• Paying Systemic Costs: Such as Gas fees and energy consumption.

• Transaction Medium: Serving as a transaction-capable token across various systems.

• Token Recycling and Burning: Utilized in the recycling and destruction of tokens within various ecosystem systems.

• Ecosystem Governance: Participating in the governance activities of various systems within the ecosystem.

Agiex's Initial Success and Future Outlook

Since its inception, Agiex has witnessed exciting levels of user engagement:

• Over 70,000 members participated in alpha testing.

• More than 50,000 pieces of AIGC content, including images, videos, and music, were created.

• Over 30,000 World Plots and Avatars were generated.

• Nearly all GPUs operated at full capacity continuously.

The enthusiastic participation of users has kept the system under constant high load, aiding in the discovery and rectification of numerous bugs and facilitating several optimizations of the large models.

As we embrace the Web3 and AI era, the development of OpenEX and Agiex signifies a foray into the forefront of this new age. By integrating the value of OEX Token with AI technology, these projects are collaboratively building a novel digital ecosystem. Looking ahead, we eagerly anticipate more innovations and achievements as we step into a future brimming with possibilities.

Part 5 Integration

OpenEX (OEX), poised to be a trailblazer within the Agiex platform, is set to pioneer the integration of a sophisticated trading protocol and module. This integration represents a significant milestone in the realm of Web3, where OEX will not only facilitate efficient and secure digital asset exchanges but also herald a new era of deep integration with AI technology.

The synergy of OEX's trading capabilities within Agiex's AI-driven environment is expected to unlock unprecedented possibilities.

This collaboration is anticipated to evolve progressively, leading to a more seamless and intelligent trading experience, where AI's analytical prowess enhances decision-making and operational efficiency in the digital asset marketplace.

The integration marks a strategic convergence of decentralized trading mechanisms with advanced AI, setting the stage for a new paradigm in digital asset management and exchange.

This document is intended to provide a technical and design perspective on OEX, and its content may change as the project evolves. It should not be construed as investment advice.

OpenEX Network - A gateway for the next billion crypto users

OpenEX provides users with a better trading experience by providing apps, trading protocols and more efficient public chains

https://www.openex.network

2024 Jan 30

Special thanks to the Worldcoin and Modulus Labs teams, Xinyuan Sun, Martin Koeppelmann and Illia Polosukhin for feedback and discussion.

Many people over the years have asked me a similar question: what are the intersections between crypto and AI that I consider to be the most fruitful? It's a reasonable question: crypto and AI are the two main deep (software) technology trends of the past decade, and it just feels like there must be some kind of connection between the two. It's easy to come up with synergies at a superficial vibe level: crypto decentralization can balance out AI centralization, AI is opaque and crypto brings transparency, AI needs data and blockchains are good for storing and tracking data. But over the years, when people would ask me to dig a level deeper and talk about specific applications, my response has been a disappointing one: "yeah there's a few things but not that much".

In the last three years, with the rise of much more powerful AI in the form of modern LLMs, and the rise of much more powerful crypto in the form of not just blockchain scaling solutions but also ZKPs, FHE, (two-party and N-party) MPC, I am starting to see this change. There are indeed some promising applications of AI inside of blockchain ecosystems, or AI together with cryptography, though it is important to be careful about how the AI is applied. A particular challenge is: in cryptography, open source is the only way to make something truly secure, but in AI, a model (or even its training data) being open greatly increases its vulnerability to adversarial machine learning attacks. This post will go through a classification of different ways that crypto + AI could intersect, and the prospects and challenges of each category.

The four major categories

AI is a very broad concept: you can think of "AI" as being the set of algorithms that you create not by specifying them explicitly, but rather by stirring a big computational soup and putting in some kind of optimization pressure that nudges the soup toward producing algorithms with the properties that you want. This description should definitely not be taken dismissively: it includes the process that created us humans in the first place! But it does mean that AI algorithms have some common properties: their ability to do things that are extremely powerful, together with limits in our ability to know or understand what's going on under the hood.

There are many ways to categorize AI; for the purposes of this post, which talks about interactions between AI and blockchains (which have been described as a platform for creating "games"), I will categorize it as follows:

• AI as a player in a game [highest viability]: AIs participating in mechanisms where the ultimate source of the incentives comes from a protocol with human inputs.

• AI as an interface to the game [high potential, but with risks]: AIs helping users to understand the crypto world around them, and to ensure that their behavior (ie. signed messages and transactions) matches their intentions and they do not get tricked or scammed.

• AI as the rules of the game [tread very carefully]: blockchains, DAOs and similar mechanisms directly calling into AIs. Think eg. "AI judges"

• AI as the objective of the game [longer-term but intriguing]: designing blockchains, DAOs and similar mechanisms with the goal of constructing and maintaining an AI that could be used for other purposes, using the crypto bits either to better incentivize training or to prevent the AI from leaking privacte data or being misused.

Let us go through these one by one.

AI as a player in a game

This is actually a category that has existed for nearly a decade, at least since on-chain decentralized exchanges (DEXes) started to see significant use. Any time there is an exchange, there is an opportunity to make money through arbitrage, and bots can do arbitrage much better than humans can. This use case has existed for a long time, even with much simpler AIs than what we have today, but ultimately it is a very real AI + crypto intersection. More recently, we have seen MEV arbitrage bots often exploiting each other. Any time you have a blockchain application that involves auctions or trading, you are going to have arbitrage bots.

But AI arbitrage bots are only the first example of a much bigger category, which I expect will soon start to include many other applications. Meet AIOmen, a demo of a prediction market where AIs are players:

Prediction markets have been a holy grail of epistemics technology for a long time; I was excited about using prediction markets as an input for governance ("futarchy") back in 2014, and played around with them extensively in the last election as well as more recently. But so far prediction markets have not taken off too much in practice, and there is a series of commonly given reasons why: the largest participants are often irrational, people with the right knowledge are not willing to take the time and bet unless a lot of money is involved, markets are often thin, etc.

One response to this is to point to ongoing UX improvements in Polymarket or other new prediction markets, and hope that they will succeed where previous iterations have failed. After all, the story goes, people are willing to bet tens of billions on sports, so why wouldn't people throw in enough money betting on US elections or LK99 that it starts to make sense for the serious players to start coming in? But this argument must contend with the fact that, well, previous iterations have failed to get to this level of scale (at least compared to their proponents' dreams), and so it seems like you need something new to make prediction markets succeed. And so a different response is to point to one specific feature of prediction market ecosystems that we can expect to see in the 2020s that we did not see in the 2010s: the possibility of ubiquitous participation by AIs.

AIs are willing to work for less than $1 per hour, and have the knowledge of an encyclopedia - and if that's not enough, they can even be integrated with real-time web search capability. If you make a market, and put up a liquidity subsidy of $50, humans will not care enough to bid, but thousands of AIs will easily swarm all over the question and make the best guess they can. The incentive to do a good job on any one question may be tiny, but the incentive to make an AI that makes good predictions in general may be in the millions. Note that potentially, you don't even need the humans to adjudicate most questions: you can use a multi-round dispute system similar to Augur or Kleros, where AIs would also be the ones participating in earlier rounds. Humans would only need to respond in those few cases where a series of escalations have taken place and large amounts of money have been committed by both sides.

This is a powerful primitive, because once a "prediction market" can be made to work on such a microscopic scale, you can reuse the "prediction market" primitive for many other kinds of questions:

• Is this social media post acceptable under [terms of use]?

• What will happen to the price of stock X (eg. see Numerai)

• Is this account that is currently messaging me actually Elon Musk?

• Is this work submission on an online task marketplace acceptable?

• Is the dapp at https://examplefinance.network a scam?

• Is 0x1b54....98c3 actually the address of the "Casinu Inu" ERC20 token?

You may notice that a lot of these ideas go in the direction of what I called "info defense" in . Broadly defined, the question is: how do we help users tell apart true and false information and detect scams, without empowering a centralized authority to decide right and wrong who might then abuse that position? At a micro level, the answer can be "AI". But at a macro level, the question is: who builds the AI? AI is a reflection of the process that created it, and so cannot avoid having biases. Hence, there is a need for a higher-level game which adjudicates how well the different AIs are doing, where AIs can participate as players in the game.

This usage of AI, where AIs participate in a mechanism where they get ultimately rewarded or penalized (probabilistically) by an on-chain mechanism that gathers inputs from humans (call it decentralized market-based RLHF?), is something that I think is really worth looking into. Now is the right time to look into use cases like this more, because blockchain scaling is finally succeeding, making "micro-" anything finally viable on-chain when it was often not before.

A related category of applications goes in the direction of highly autonomous agents using blockchains to better cooperate, whether through payments or through using smart contracts to make credible commitments.

AI as an interface to the game

One idea that I brought up in my writings on is the idea that there is a market opportunity to write user-facing software that would protect users' interests by interpreting and identifying dangers in the online world that the user is navigating. One already-existing example of this is Metamask's scam detection feature:

Another example is the Rabby wallet's simulation feature, which shows the user the expected consequences of the transaction that they about to sign.

Potentially, these kinds of tools could be super-charged with AI. AI could give a much richer human-friendly explanation of what kind of dapp you are participating in, the consequences of more complicated operations that you are signing, whether or not a particular token is genuine (eg. BITCOIN is not just a string of characters, it's the name of an actual cryptocurrency, which is not an ERC20 token and which has a price waaaay higher than $0.045, and a modern LLM would know that), and so on. There are projects starting to go all the way out in this direction (eg. the LangChain wallet, which uses AI as a primary interface). My own opinion is that pure AI interfaces are probably too risky at the moment as it increases the risk of other kinds of errors, but AI complementing a more conventional interface is getting very viable.

There is one particular risk worth mentioning. I will get into this more in the section on "AI as rules of the game" below, but the general issue is adversarial machine learning: if a user has access to an AI assistant inside an open-source wallet, the bad guys will have access to that AI assistant too, and so they will have unlimited opportunity to optimize their scams to not trigger that wallet's defenses. All modern AIs have bugs somewhere, and it's not too hard for a training process, even one with only limited access to the model, to find them.

This is where "AIs participating in on-chain micro-markets" works better: each individual AI is vulnerable to the same risks, but you're intentionally creating an open ecosystem of dozens of people constantly iterating and improving them on an ongoing basis. Furthermore, each individual AI is closed: the security of the system comes from the openness of the rules of the game, not the internal workings of each player.

Summary: AI can help users understand what's going on in plain language, it can serve as a real-time tutor, it can protect users from mistakes, but be warned when trying to use it directly against malicious misinformers and scammers.

AI as the rules of the game

Now, we get to the application that a lot of people are excited about, but that I think is the most risky, and where we need to tread the most carefully: what I call AIs being part of the rules of the game. This ties into excitement among mainstream political elites about "AI judges" (eg. see this article on the website of the "World Government Summit"), and there are analogs of these desires in blockchain applications. If a blockchain-based smart contract or a DAO needs to make a subjective decision (eg. is a particular work product acceptable in a work-for-hire contract? Which is the right interpretation of a natural-language constitution like the Optimism Law of Chains?), could you make an AI simply be part of the contract or DAO to help enforce these rules?

This is where adversarial machine learning is going to be an extremely tough challenge. The basic two-sentence argument why is as follows:

If an AI model that plays a key role in a mechanism is closed, you can't verify its inner workings, and so it's no better than a centralized application. If the AI model is open, then an attacker can download and simulate it locally, and design heavily optimized attacks to trick the model, which they can then replay on the live network.

Now, frequent readers of this blog (or denizens of the cryptoverse) might be getting ahead of me already, and thinking: but wait! We have fancy zero knowledge proofs and other really cool forms of cryptography. Surely we can do some crypto-magic, and hide the inner workings of the model so that attackers can't optimize attacks, but at the same time prove that the model is being executed correctly, and was constructed using a reasonable training process on a reasonable set of underlying data!

Normally, this is exactly the type of thinking that I advocate both on this blog and in my other writings. But in the case of AI-related computation, there are two major objections:

1. Cryptographic overhead: it's much less efficient to do something inside a SNARK (or MPC or...) than it is to do it "in the clear". Given that AI is very computationally-intensive already, is doing AI inside of cryptographic black boxes even computationally viable?

2. Black-box adversarial machine learning attacks: there are ways to optimize attacks against AI models even without knowing much about the model's internal workings. And if you hide too much, you risk making it too easy for whoever chooses the training data to corrupt the model with poisoning attacks.

Both of these are complicated rabbit holes, so let us get into each of them in turn.

Cryptographic overhead

Cryptographic gadgets, especially general-purpose ones like ZK-SNARKs and MPC, have a high overhead. An Ethereum block takes a few hundred milliseconds for a client to verify directly, but generating a ZK-SNARK to prove the correctness of such a block can take hours. The typical overhead of other cryptographic gadgets, like MPC, can be even worse. AI computation is expensive already: the most powerful LLMs can output individual words only a little bit faster than human beings can read them, not to mention the often multimillion-dollar computational costs of training the models. The difference in quality between top-tier models and the models that try to economize much more on training cost or parameter count is large. At first glance, this is a very good reason to be suspicious of the whole project of trying to add guarantees to AI by wrapping it in cryptography.

Fortunately, though, AI is a very specific type of computation, which makes it amenable to all kinds of optimizations that more "unstructured" types of computation like ZK-EVMs cannot benefit from. Let us examine the basic structure of an AI model:

Usually, an AI model mostly consists of a series of matrix multiplications interspersed with per-element non-linear operations such as the ReLU function (y = max(x, 0)). Asymptotically, matrix multiplications take up most of the work: multiplying two N*N matrices takes �(�2.8) time, whereas the number of non-linear operations is much smaller. This is really convenient for cryptography, because many forms of cryptography can do linear operations (which matrix multiplications are, at least if you encrypt the model but not the inputs to it) almost "for free".

If you are a cryptographer, you've probably already heard of a similar phenomenon in the context of homomorphic encryption: performing additions on encrypted ciphertexts is really easy, but multiplications are incredibly hard and we did not figure out any way of doing it at all with unlimited depth until 2009.

For ZK-SNARKs, the equivalent is protocols like this one from 2013, which show a less than 4x overhead on proving matrix multiplications. Unfortunately, the overhead on the non-linear layers still ends up being significant, and the best implementations in practice show overhead of around 200x. But there is hope that this can be greatly decreased through further research; see this presentation from Ryan Cao for a recent approach based on GKR, and my own simplified explanation of how the main component of GKR works.

But for many applications, we don't just want to prove that an AI output was computed correctly, we also want to hide the model. There are naive approaches to this: you can split up the model so that a different set of servers redundantly store each layer, and hope that some of the servers leaking some of the layers doesn't leak too much data. But there are also surprisingly effective forms of specialized multi-party computation.

In both cases, the moral of the story is the same: the greatest part of an AI computation is matrix multiplications, for which it is possible to make very efficient ZK-SNARKs or MPCs (or even FHE), and so the total overhead of putting AI inside cryptographic boxes is surprisingly low. Generally, it's the non-linear layers that are the greatest bottleneck despite their smaller size; perhaps newer techniques like lookup arguments can help.

Black-box adversarial machine learning

Now, let us get to the other big problem: the kinds of attacks that you can do even if the contents of the model are kept private and you only have "API access" to the model. Quoting a paper from 2016:

Many machine learning models are vulnerable to adversarial examples: inputs that are specially crafted to cause a machine learning model to produce an incorrect output. Adversarial examples that affect one model often affect another model, even if the two models have different architectures or were trained on different training sets, so long as both models were trained to perform the same task. An attacker may therefore train their own substitute model, craft adversarial examples against the substitute, and transfer them to a victim model, with very little information about the victim.

Use black-box access to a "target classifier" to train and refine your own locally stored "inferred classifier". Then, locally generate optimized attacks against the inferred classfier. It turns out these attacks will often also work against the original target classifier. Diagram source.

Potentially, you can even create attacks knowing just the training data, even if you have very limited or no access to the model that you are trying to attack. As of 2023, these kinds of attacks continue to be a large problem.

To effectively curtail these kinds of black-box attacks, we need to do two things:

1. Really limit who or what can query the model and how much. Black boxes with unrestricted API access are not secure; black boxes with very restricted API access may be.

2. Hide the training data, while preserving confidence that the process used to create the training data is not corrupted.

The project that has done the most on the former is perhaps Worldcoin, of which I analyze an earlier version (among other protocols) at length here. Worldcoin uses AI models extensively at protocol level, to (i) convert iris scans into short "iris codes" that are easy to compare for similarity, and (ii) verify that the thing it's scanning is actually a human being. The main defense that Worldcoin is relying on is the fact that it's not letting anyone simply call into the AI model: rather, it's using trusted hardware to ensure that the model only accepts inputs digitally signed by the orb's camera.

This approach is not guaranteed to work: it turns out that you can make adversarial attacks against biometric AI that come in the form of physical patches or jewelry that you can put on your face:

But the hope is that if you combine all the defenses together, hiding the AI model itself, greatly limiting the number of queries, and requiring each query to somehow be authenticated, you can adversarial attacks difficult enough that the system could be secure.

And this gets us to the second part: how can we hide the training data? This is where "DAOs to democratically govern AI" might actually make sense: we can create an on-chain DAO that governs the process of who is allowed to submit training data (and what attestations are required on the data itself), who is allowed to make queries, and how many, and use cryptographic techniques like MPC to encrypt the entire pipeline of creating and running the AI from each individual user's training input all the way to the final output of each query. This DAO could simultaneously satisfy the highly popular objective of compensating people for submitting data.

It is important to re-state that this plan is super-ambitious, and there are a number of ways in which it could prove impractical:

• Cryptographic overhead could still turn out too high for this kind of fully-black-box architecture to be competitive with traditional closed "trust me" approaches.

• It could turn out that there isn't a good way to make the training data submission process decentralized and protected against poisoning attacks.

• Multi-party computation gadgets could break their safety or privacy guarantees due to participants colluding: after all, this has happened with cross-chain cryptocurrency bridges again and again.

One reason why I didn't start this section with more big red warning labels saying "DON'T DO AI JUDGES, THAT'S DYSTOPIAN", is that our society is highly dependent on unaccountable centralized AI judges already: the algorithms that determine which kinds of posts and political opinions get boosted and deboosted, or even censored, on social media. I do think that expanding this trend further at this stage is quite a bad idea, but I don't think there is a large chance that the blockchain community experimenting with AIs more will be the thing that contributes to making it worse.

In fact, there are some pretty basic low-risk ways that crypto technology can make even these existing centralized systems better that I am pretty confident in. One simple technique is verified AI with delayed publication: when a social media site makes an AI-based ranking of posts, it could publish a ZK-SNARK proving the hash of the model that generated that ranking. The site could commit to revealing its AI models after eg. a one year delay. Once a model is revealed, users could check the hash to verify that the correct model was released, and the community could run tests on the model to verify its fairness. The publication delay would ensure that by the time the model is revealed, it is already outdated.

So compared to the centralized world, the question is not if we can do better, but by how much. For the decentralized world, however, it is important to be careful: if someone builds eg. a prediction market or a stablecoin that uses an AI oracle, and it turns out that the oracle is attackable, that's a huge amount of money that could disappear in an instant.

AI as the objective of the game

If the above techniques for creating a scalable decentralized private AI, whose contents are a black box not known by anyone, can actually work, then this could also be used to create AIs with utility going beyond blockchains. The NEAR protocol team is making this a core objective of their ongoing work.

There are two reasons to do this:

1. If you can make "trustworthy black-box AIs" by running the training and inference process using some combination of blockchains and MPC, then lots of applications where users are worried about the system being biased or cheating them could benefit from it. Many people have expressed a desire for democratic governance of systemically-important AIs that we will depend on; cryptographic and blockchain-based techniques could be a path toward doing that.

2. From an AI safety perspective, this would be a technique to create a decentralized AI that also has a natural kill switch, and which could limit queries that seek to use the AI for malicious behavior.

It is also worth noting that "using crypto incentives to incentivize making better AI" can be done without also going down the full rabbit hole of using cryptography to completely encrypt it: approaches like BitTensor fall into this category.

Conclusions

Now that both blockchains and AIs are becoming more powerful, there is a growing number of use cases in the intersection of the two areas. However, some of these use cases make much more sense and are much more robust than others. In general, use cases where the underlying mechanism continues to be designed roughly as before, but the individual players become AIs, allowing the mechanism to effectively operate at a much more micro scale, are the most immediately promising and the easiest to get right.

The most challenging to get right are applications that attempt to use blockchains and cryptographic techniques to create a "singleton": a single decentralized trusted AI that some application would rely on for some purpose. These applications have promise, both for functionality and for improving AI safety in a way that avoids the centralization risks associated with more mainstream approaches to that problem. But there are also many ways in which the underlying assumptions could fail; hence, it is worth treading carefully, especially when deploying these applications in high-value and high-risk contexts.

I look forward to seeing more attempts at constructive use cases of AI in all of these areas, so we can see which of them are truly viable at scale.

Source:

The promise and challenges of crypto + AI applications

In the last three years, with the rise of much more powerful AI in the form of modern LLMs, and the rise of much more powerful crypto in the form of not just blockchain scaling solutions but also ZKPs, FHE, (two-party and N-party) MPC, I am starting to see this change.

https://vitalik.eth.limo

Agiex is a pioneering attempt at the frontier of Crypto + AI. Many of the methods and possibilities mentioned in the text can already be experienced in Agiex. For more details, please check the link:

This document provides the Tokenomics design framework for OEX tokens, aiming to establish a balanced, sustainable, and community-driven economic model. It's explicitly stated that OEX tokens are conceptualized as Utility Tokens, intended to serve its platform and ecosystem. The document also underscores the importance of adjusting the design plan in response to changes in cryptocurrency regulations.

1. Token Classification and Purpose

1.1 Utility Token Definition

• Utility Token:

  • Definition: Specifically designed to provide access or services within a system, rather than as an investment tool.

  • Purpose: OEX tokens are intended to offer functional services within the system, such as paying fees, participating in governance, accessing specific services, etc.

1.2 Legal Compliance and Adjustments

• Regulatory Adaptability: Given the ever-evolving cryptocurrency regulatory landscape, the Tokenomics design of OEX tokens will maintain flexibility to adapt to legal requirements globally.

• Continuous Compliance Review: Regular compliance reviews to ensure adherence to international laws and regulations.

• Transparent Communication: Transparent communication regarding any compliance-related adjustments, ensuring community understanding and support for these changes.

1.3 Distribution Plan

• Community Airdrop (20%):

  • Purpose: To reward and incentivize early community members.

  • Implementation: Phased implementation to prevent excessive market volatility.

• Early Contributors (10%):

  • Purpose: To reward early supporters.

  • Lock-up: No release in the initial two quarters, starting release from the third quarter, to ensure long-term commitment to early contributors.

  • Release: A gradual release plan over 2 years, with the tokens divided into 8 quarters, releasing 1.25% of the early contributor tokens each quarter.

• Core Team (15%):

  • Purpose: To incentivize team members in the long run.

  • Release: A linear release strategy over 3 years, with the tokens divided into 12 quarters, to reinforce the team's long-term commitment.

  • Performance Incentives: An additional performance incentive pool set up for the core team, constituting 10% of the team allocation (i.e., 1.5% of the total amount).

  • Milestone Rewards: Performance incentives to be distributed upon achieving pre-set key project milestones (e.g., user growth, product launches, partnership developments).

  • Reward Release: Performance rewards may be distributed immediately upon milestone achievement.

• OEX Foundation (25%):

  • Purpose: To support project operations, R&D, and ecosystem development.

  • Usage: Clear stipulations on the use of funds and transparency.

• Staking Rewards (30%):

  • Purpose: To incentivize network security and active participation.

  • Implementation: Dynamic adjustment of reward mechanisms to control inflation.

1.4 Special Considerations

• Transparency: All token allocations and unlocking plans will be publicly transparent, to earn community trust.

• Risk Management: Establish strategies to address market fluctuations and regulatory changes.

2. Community Airdrop Reward Logic

2.1 Reward Strategy

OpenEX will continuously refine and optimize the airdrop incentive direction in coordination with airdrop cooperative projects and ecosystem development. The early community airdrop of OEX will be based on the following core logic:

• Total User Growth: Rewarding airdrops by introducing new users.

• User Activity Growth: Rewarding daily active behaviors, such as transactions, community event participation, etc.

• Internal Value Growth: Encouraging innovation and growth in digital assets.

• External Value Growth: Rewarding the locking and integration of external system assets.

• Internal Value Liquidity: Promoting trading and liquidity.

• Value Reserve Growth: Incentivizing long-term staking and capital reserves.

2.2 Control Measures

• Airdrop Cap: Setting annual or total airdrop caps for each participating project to control inflation.

• Decreasing Mechanism: Reducing the amount of each incentive airdrop over time to encourage early participation.

3. Token Value

3.1 Value Drivers

• Systemic Scenario Increase:

• System Consumption: Ecosystem projects will design mechanisms for token consumption in specific scenarios, such as transaction fees, service charges, etc.

• Governance: Token holders will participate in project governance decisions, enhancing their involvement and influence.

• Market Scenario Increase:

  • Trading: Enhancing the token's liquidity and tradability in the market, and supporting the use of OEX as a transaction unit in various ecosystem projects.

  • Partnership Relations: Collaborating with other projects and platforms to expand the token's use cases.

3.2 Buyback and Token Burning

• System Buyback: Ecosystem projects supporting OEX Token will periodically buy back tokens from the market for ecosystem development and user incentives.

• Token Burning: Various systems will reduce circulating supply through burning mechanisms, enhancing token scarcity.

4. Risk Management and Compliance

• Risk Management Plan: Establish strategies to address market volatility and regulatory changes.

• Regulatory Compliance: Keep abreast of global cryptocurrency market regulations, ensuring the project's compliance.

5. Community Development and Ecosystem Building

• Community Incentives: Design diverse community participation and incentive plans, such as online activities, suggestion and feedback rewards, etc.

• Ecosystem Cooperation: Establish cooperative relationships with other projects and platforms to expand the token's application scenarios and user base.

• Education and Promotion: Strengthen user education and promotion, enhancing understanding of OEX token value and applications.

• Regular Assessment and Adjustment: Regularly assess the development of the community and ecosystem, adjusting strategies according to market and technological changes.

6. Ongoing Monitoring and Adjustment

• Data Monitoring: Continuously monitor the token's market performance and compliance.

• Timely Adjustments: Adjust the Tokenomics in response to changes in market and regulatory environments.

• Transparent Communication: Maintain open communication with the community, providing clear explanations and guidance on any significant adjustments.

7. Conclusion

OEX's Tokenomics design aims to ensure its tokens serve as Utility Tokens for the system. We emphasize the adaptability of the token design to ensure compliance in different global regulatory environments. Additionally, we commit to continuous monitoring and adjusting our strategies to adapt to the evolving cryptocurrency market and regulations.

As a design draft, this document may still be subject to adjustments before its official release. We welcome active participation and collaborative building from community members. Your opinions are highly valued, and you are encouraged to submit them at any time through ecosystem apps such as Agiex.

Why OpenEX's OEX Token Chose to Airdrop on Satoshi App

The decision for OpenEX’s OEX Token to airdrop on Satoshi App is a nod to the vibrant and engaged user base of the Satoshi App and CoreDAO communities. Known as one of the largest airdrop platforms globally, Satoshi App is renowned for its streamlined yet ingenious mechanisms for user acquisition and engagement retention. For any project in its nascent phase, this platform stands as an ideal launchpad.

The users of Satoshi App and CoreDAO are not only highly active but also exhibit a strong receptivity to innovations and a long-term commitment to ecosystem values. Given that the OpenEX project garnered support from its community in its conceptual phase, the airdrop of OEX Token on Satoshi App also serves as a token of gratitude for this support.

The Symbiotic Relationship Between OpenEX and Agiex

Agiex forms an integral component of the OpenEX ecosystem, poised to address the advent of the Artificial General Intelligence (AGI) era. Initially, Agiex will concentrate on refining AI-Generated Content (AIGC) and AI Agent system architectures, alongside continuous training and optimization of AI large models. Agiex aspires to empower individuals, enabling them to become 'super individuals' in the AI era, effortlessly creating high-quality digital assets.

As the product evolves, Agiex is set to foster a new form of Web3 community, driven by both AI and user participation. In this community, AI will increasingly engage in the creation, management, and enhancement of digital assets. Agiex is committed to evolving into a 'zero-human company' (driven entirely by AI and community) and, through AI and community governance, empower every community member to become a super individual in the AI era. OpenEX, meanwhile, will continue to focus on advancing the management and liquidity of Web3 digital assets, leveraging these core capabilities and the value of OEX Token to empower various applications within the ecosystem.

The Imperative of Launching Agiex App First in the OpenEX Ecosystem

The value of any token cannot be actualized in a digital ghost town; it requires the support of a real, active community. The significance of the Agiex App within the OpenEX ecosystem lies in:

1. Creating more AI digital content value within the ecosystem before the new AGI era dawns.

2. Establishing AI Agent application infrastructure.

3. Providing a new congregation point for the community's AI-empowered super individuals.

Application Scenarios of OEX Token within Agiex

The application of OEX Token within Agiex is primarily manifested in two aspects:

1. Reward Distribution: OEX Token will be used as a medium for reward distribution within Agiex, designed to incentivize user engagement, content creation, and various aspects of value circulation.

2. Utility Scenarios: The use of OEX Token will be gradually introduced across various system functions, serving as a means of payment and transaction.

Application Scenarios of OEX Token in Other Ecosystem Applications

Beyond its role in Agiex, the OEX Token is integral to multiple scenarios within the entire ecosystem:

1. Paying Systemic Costs: Such as Gas fees and energy consumption.

2. Transaction Medium: Serving as a transaction-capable token across various systems.

3. Token Recycling and Burning: Utilized in the recycling and destruction of tokens within various ecosystem systems.

4. Ecosystem Governance: Participating in the governance activities of various systems within the ecosystem.

Agiex's Initial Success and Future Outlook

Since its inception, Agiex has witnessed exciting levels of user engagement:

1. Over 60,000 members participated in testing.

2. More than 30,000 pieces of AIGC content, including images, videos, and music, were created.

3. Over 20,000 World Plots and Avatars were generated.

4. Nearly all GPUs operated at full capacity continuously.

The enthusiastic participation of users has kept the system under constant high load, aiding in the discovery and rectification of numerous bugs and facilitating several optimizations of the large models.

Conclusion

As we embrace the Web3 and AI era, the development of OpenEX and Agiex signifies a foray into the forefront of this new age. By integrating the value of OEX Token with AI technology, these projects are collaboratively building a novel digital ecosystem. Looking ahead, we eagerly anticipate more innovations and achievements as we step into a future brimming with possibilities.

Download Agiex Now:

https://agiex.org/download

AgieX:

OpenEX:

Within just 24 hours of its launch, Agiex has captivated the digital world, attracting over 50,000 paid members—a metric that speaks volumes about its appeal and potential. But what sets Agiex apart in the bustling realm of digital content creation?

A Fusion of AI and Web3

Agiex is not just another content creation platform. It's a pioneer in integrating AI with Web3's identity and economic systems. This integration empowers creators and consumers alike, offering a unique and secure way to create, share, and monetize content.

Unleashing Creativity

In its first day, Agiex's community has already created over 10,000 images, thousands of videos, and an impressive array of music pieces. This flurry of activity highlights not just the platform's user-friendly interface, but also the boundless creative possibilities it unlocks for its users.

A Community of Creators

Agiex is more than a platform; it's a thriving community. With an incredibly high engagement and participation rate, it's clear that Agiex isn't just being used—it's being embraced by a diverse and growing community of creators.

Looking to the Future

Agiex's journey has just begun. With its innovative approach to content creation, combined with a robust economic system, Agiex is not just keeping pace with the future of digital content—it's setting the pace.

Join us in this revolution. Become part of a community where creativity knows no bounds. Welcome to Agiex.

Download Now:

https://agiex.org/download

X:

It starts as a newsflash, a much-anticipated headline – 'BTC ETF is approved.' This event signifies the beginning of a new era for the digital asset sphere and more broadly, the Web3 industry. It's a paramount stride towards mainstream acknowledgment, acceptance, and engagement.

Cryptocurrency has ever since its inception been battling naysayers, regulatory bodies, and scepticism from traditional finance sectors. It aims to turn tables from being fringed and viewed as a volatile asset class, an uncertain gamble, to an acknowledged part of the financial ecosystem. The approval of Bitcoin Exchange Traded Fund (ETF) is an institutional nod of approval that works enormously towards cementing its place in the mainstream.

The BTC ETF, a financial instrument that tracks the value of Bitcoin, opens the doors of crypto investment to many who have been reluctant to dip their toes into the crypto waters due to the inherent complexities associated with managing and securing cryptocurrencies. Now, investors can gain exposure to the market movement of Bitcoin without the need to hold the underlying asset.

Further, this achievement echoes beyond the crypto realm and ripples through the Web3 industry. Web3, the latest iteration of the internet that emphasizes decentralization and the empowerment of users to control their data, shares a symbiotic relationship with the crypto space. The meteoric rise and advances in cryptocurrency technology have driven much of the Web3 industry's progress and vice versa.

The BTC ETF approval, hence, serves as a conduit for accelerating the adoption and development of Web3 applications, platforms, and services. As more people start engaging with crypto, they are more likely to delve into Web3, and leverage the opportunities and benefits it offers. This results in an amplifying loop, uplifting both industries.

To conclude, this approval represents more than just a regulatory clearance for a financial product. It signifies the mainstream recognition and acceptance of crypto and web3 technologies, turning a new leaf in their journey towards shaping a decentralized future.

GPTs Store Launch by OpenAI: Ushering AI and AI Agents into Consumer Domain

The second crucial piece of news emerging today comes from OpenAI - the launch of their GPTs store. This monumental debut is set to play a transformative role in the AI landscape, and more specifically, in the accessibility and utilization of AI agent products, making them an integral part of common households.

OpenAI has always been at the forefront of cutting-edge AI research and development. The launch of GPTs store is an embodiment of their marching progress, pushing the boundaries of AI technology and making it an everyday utility.

These GPTs, generative pre-training transformers, are exceptionally skilled AI agents capable of performing specialized tasks in a human-friendly manner. From answering questions to creating content, these AI agents can revolutionize the way individuals or businesses operate.

The GPTs store essentially functions as a marketplace, a hub where you can find and purchase an AI assistant that can cater to your unique needs. Want an assistant to help you write compelling content? Planning a vacation and need help with itinerary? Or, perhaps, looking for someone who can manage your schedule? The AI agents present in GPTs store are decked with a variety of competences, making these a reality.

By extending the AI products to the consumer domain, OpenAI is taking a significant step towards the democratization of AI. This isn’t just about having an AI tool anymore; it’s about owning an assistant that understands your requirements and assists you in tasks, enhancing productivity and making your life easier.

In a nutshell, the launch of the OpenAI GPTs store is a leap forward in transitioning AI from mainly industry-focused applications to everyday consumer utility. This could potentially pioneer a new wave of AI adoption, where everyone has a proficient AI assistant playing a pivotal role in their daily lives.

Agiex App Begins User Expansion for Testing: Pioneering A New Era of Web3 and AI Integration

In a world that's seen the significant approval of BTC Spot ETF and the launch of the OpenAI GPTs store today, we bring another piece of exciting news— Agiex app kicks off its user expansion for testing. Agiex stands as a pioneering platform at the exciting crossroads of Web3 and AI technologies, opening doors to a new realm of opportunities.

Being an AIGC content creation and trading platform, Agiex offers its users the chance to create their AI Avatars. With unique qualities, these Avatars are capable of autonomously generating content. The absolute beauty of this feature is that the users stand a chance to profit from the content these Avatars create.

This cutting-edge integration of Web3 and AI in Agiex draws on the decentralized nature of Web3 and the immense capabilities of AI to result in a remarkable platform. In the spirit of the Web3 philosophy, Agiex encourages user autonomy, privacy, and profit maximization. Paired with the tremendous AI power, as demonstrated by the recent launch of the OpenAI GPTs store, Agiex truly stands out in the evolving digital space.

Just as the BTC ETF approval signals broader acceptance of cryptocurrencies, Agiex's move to expand its user testing represents an exciting step targeting increased user engagement and participation in the AIGC platform.

This expansion isn't solely aimed at increasing numbers; we aim to foster a committed community of creators and users who benefit from AI Avatars' autonomous content generation. Echoing the aims of Web3, we want to empower our users, offering them control, profits, and a delightful user experience.

In conclusion, amid today's significant news, we couldn't be more excited about Agiex's expansion for testing. We look forward to each one of you being a part of this riveting journey where together, we delve into a promising future where Web3 and AI reign supreme.

Alpha Test Details for the Agiex App:

This alpha test only supports Android APK download at present. Becoming available on Google Play and Testflight for beta testing is scheduled for a future release. Please note, the Agiex alpha version is a very early iteration of our application, meaning function and numeric value can differ greatly from the final version.

Alpha testing may lead to a variety of bugs and issues arising - don't hesitate to bring these to our attention. Feedback can be sent either through X

or by email to contact@agiex.org - bonus points may be awarded for insight that leads to improvements!

For your safety, only download the APK package from the Agiex official website links. Avoid installation packages whose sources are unknown or unclear. Please validate the download link CID information with the APK installation package's SHA1 check sum, ensuring the package's integrity and safety.

Safety Reminders:

Agiex does not store the 6-digit password used for wallet protection anywhere - it is absolutely crucial that you save this information yourself. If lost, recovery can not be assured. Our system uses keychain encryption in tandem with wallet unlock passwords to ensure secure login, even so, we do not recommend using root accessed mobile devices with our app.

If creating a new wallet to enter the app, please backup your wallet recovery mnemonic in the settings' backup option. We suggest writing this down on paper to prevent accidental loss, avoid using screenshots or photos.

We strive for improvements to your safety and user experience. Thank you for your understanding and for testing Agiex alpha.

Download Agiex App

As a note of importance, due to GPU loading, we have currently opened download permissions to a select group of users. We encourage everyone to check the official website's waitlist page to determine if you have been selected for this round of testing. The move is made to ensure a smooth and efficient testing process, which in turn will enable us to provide everyone with an optimal experience when using Agiex. Thank you for your understanding and support as we continue forward in our mission.