Vortex recently launched its mainnet trading on the Binance Smart Chain (BSC), and its daily trading volume has already exceeded tens of millions of US dollars, marking a period of rapid growth. In addition to its own product and technological advantages, Vortex has deepened its cooperation with several partners, leading to significant growth in both community size and the number of trading users.

Recently, Vortex established a strategic partnership with BeeNetwork, a globally leading Web3 community. Bee Network is the largest Web3 interactive platform worldwide, dedicated to providing growth services to a wide range of Web3 projects globally through blockchain innovation technology. During Vortex’s rapid development, Bee has provided strong support. The two parties have engaged in deep cooperation in community activities, core user cultivation, NFT strategies, as well as products and ecosystems. Specific content includes:

1. Promoting user engagement with Vortex through weekly community activities, Sunshine Rewards, themed trading competitions, and more.

2. Co-launching the Core User Development Program, rewarding VTX tokens to cultivate core users.

3. NFT strategic cooperation, releasing co-branded NFTs with Launchpad privileges.

4. Conducting themed mining activities.

5. Planning to provide support for Bee by launching a Sub-site.

These rich community activities and deep collaborations have significantly increased the vitality of both parties’ communities and the size of their user bases. In addition to BeeNetwork, Vortex has also formed a deep partnership with a social media platform that has provided comprehensive support and helped Vortex gain many loyal users.

Next, Vortex will continue to leverage its technological advantages and collaborate with RAAS infrastructure service providers and public chain ecosystems to achieve multi-chain deployment. The Sub-site model will be used to provide services to partners. Recently, Vortex has received developer support from PegoChain, which is also a significant aspect of Vortex’s multi-chain strategy. Vortex will continue to cooperate with ecosystems similar to PegoChain to promote cross-chain liquidity interchange.

Through this series of strategic collaborations with communities and ecosystems, Vortex has experienced significant growth in community influence and user base. Vortex will continue to leverage its strengths to expand its collaboration opportunities. It is believed that Vortex will provide a high-quality decentralized trading experience for more users and create greater value for its partners.

Website: http://www.vortex.ink LinkTree: linktr.ee/VortexDex

To continuously record and incrementally increase the rights of core users for their comprehensive trading behaviors on the Vortex platform, and to enable the splitting and trading of those rights, Vortex has found an innovative technical solution. Vortex has introduced DID-ERC6551, a user trading identity NFT based on the ERC-6551 protocol, bringing a whole new set of changes and possibilities to the user growth system.

What is ERC-6551?

ERC-6551 is a standard for token-bound accounts on the Ethereum network. It was proposed in February 2023 and deployed on the Ethereum mainnet on May 7, 2023. This standard allows for the creation of smart contract wallets for each ERC-721 NFT, enhancing their composability, dynamism, and interactivity.

This standard enables the creation of Token-Bound Accounts (TBAs), which are smart contract wallets with creation interfaces and registries owned by ERC-721 tokens. This endows NFTs with two important features. The first is the ‘ability to own assets,’ whether they are ERC-20, ERC-721, or ERC-1155 tokens. The second is the ‘ability to participate in community governance,’ such as becoming a signatory for multi-signature contracts or voting on community proposals.

This provides community members with more incentives to deeply engage in Vortex’s trading ecosystem. After acquiring a DID-ERC6551 identity NFT, users can interact with different product features, meet token burn requirements, become members or dividend node members, and participate in the platform’s Staking and Lending functionalities to earn corresponding rights tickets. This opens up countless possibilities for Vortex’s loyalty and reputation systems.

Vortex Builds a Trading User Growth System Through ERC-6551

ERC-6551 allows for the creation of token-bound accounts for each NFT, giving NFTs the direct ability to control assets and participate in governance. This provides a foundation for Vortex to construct a unique user incentive system. The features and applicable scenarios of this standard align well with Vortex’s focus on membership systems and user governance. Therefore, Vortex plans to use ERC-6551 to create a one-of-a-kind trading user growth system, which is a first in the DeFi sector.

Vortex will issue identity NFTs called DID-ERC6551s, built on the ERC-6551 standard, to user accounts that meet certain criteria. Users will have an upgradable, growing NFT account. DID-ERC6551s not only record membership rights and verify asset credentials but also have transferable and appreciable properties.

Characteristics of DID-ERC6551:

1.Accumulates upgradability and growth along with trading behaviors

2.DID-ERC6551 is tradable

3.DID-ERC6551 can own multiple assets

4.Various assets/rights NFTs within DID-ERC6551 are transferable, tradable, and combinable

The Vortex Equity Trading Platform is about to launch.

Benefiting from the ERC-6551 standard, Vortex users will have a unified NFT account, integrating membership management, equity records, and reward redemption. Moreover, users can interact with other on-chain DAPPs in partnership with Vortex using this NFT account. Data can be accumulated in the NFT account, recording all the user’s rights and interaction records.

DID-ERC6551 will be able to own or manage the following assets:

• Management of membership level NFTs

• Membership benefits include but are not limited to mining acceleration packages for destruction, Launpad WL tickets

• Monthly node reward tickets

• RWA asset certificates purchased by users

• Tickets for user participation in staking, lending, etc.

• Periodic airdrop incentive NFTs

• Joint equity tickets launched by Vortex and other cooperating parties and listing projects.

Since various data and rights are encapsulated as NFTs and users can freely dispose of them, this unique equity system also brings more innovative gameplay to users. Based on DID-ERC6551, the Vortex Equity Trading Platform is about to launch. Through the Vortex Equity Trading Platform, users can mint, split, and trade Vortex NFTs, Vortex membership rights, and rights provided by Vortex partners. This allows users to have more comprehensive control over their rights.

Vortex places great emphasis on user contributions and platform loyalty, rewarding users through various economic incentive models. The ERC-6551 standard provides Vortex with new possibilities to further enrich the user growth system. Through the perfect combination of technological innovation and mechanism design, Vortex will create an unprecedented user growth system, allowing users to truly become the core force of the platform and benefit in the long term. Vortex is leading Defi into a new era of user governance and continuous incentives.

Website: http://www.vortex.ink

LinkTree: linktr.ee/VortexDex

Vortex boasts a comprehensive reserve of feature development and anticipates completing product enhancements related to the trading ecosystem in Q4. These enhancements include orderbook contracts, lending, and collateralization features. Vortex aims to expand decentralized financial services on top of its core trading product, with a particular emphasis on Real World Assets (RWA).

Introduction to RWA — Tokenizing Real-World AssetsRWA stands for the Tokenization of Real-World Assets, which is the process of converting ownership value and any associated rights of tangible or intangible assets into digital tokens. This enables digital ownership, transfer, and storage of assets without the need for central intermediaries, mapping the value onto the blockchain for trading.

RWA facilitates the transition of real-world assets, traditionally off-chain, onto the blockchain, serving as a significant source of real yield for the crypto market. Since the early days of blockchain technology, market participants have been seeking ways to bring RWAs onto the blockchain. With the maturation of underlying technology and DeFi, RWA has once again become a focal point of interest in the market.

RWA can provide sustainable, diverse types of real yields backed by traditional assets for the crypto market. Moreover, RWA can bridge the decentralized financial system with the traditional financial system, tapping into trillions of dollars in asset markets. This means that besides injecting incremental funds into the crypto market, RWA can also access massive liquidity, broad market opportunities, and significant value capture from traditional financial markets.

There are various types of RWA projects, with three main categories at the current stage:

1. Fixed-income projects based on off-chain assets like US bonds, stocks, real estate, art, etc.

2. Public credit projects based on assets issued or traded in public markets.

3. Market trading projects based on virtual assets like carbon credits.

Vortex’s RWA model aligns more closely with the first category. It collaborates with publicly-listed companies to capture yield from underlying assets such as US bonds and stocks using platform-native assets and cryptocurrencies. This approach provides community members with more robust long-term returns.

Vortex believes that tokens are carriers of value, and the value RWA can bring depends on bringing the rights/values of underlying assets onto the blockchain and its use cases. Therefore, Vortex plans to launch RWA-related business in Q1 2024. It will collaborate with partners to acquire assets such as stocks, US bonds, and foreign exchange, and map interest-bearing assets onto the blockchain. Users can use stablecoins or the Vortex platform token (VTX) to directly acquire ownership rights in assets like stocks and bonds, reducing entry barriers and providing stable returns.

Additionally, Vortex plans to introduce perpetual contracts for traditional financial assets in the orderbook contract segment, using USDT as collateral for trading volatile assets like US stocks.

Beyond on-chain asset integration, Vortex will integrate the composability of DeFi Lego blocks to further explore the possibilities of RWA+DeFi. By introducing RWA assets with low correlation to native crypto assets and stability, Vortex can effectively mitigate the high volatility of crypto assets during extreme market conditions. Moreover, when on-chain trading activity is subdued, interest-bearing RWA assets can still provide users with stable returns. We believe this will be highly beneficial for users and look forward to the upcoming RWA products that Vortex will launch.

Website: http://www.vortex.ink

LinkTree: linktr.ee/VortexDex

Introduction and Advantages of the Vortex Project

Vortex is a multi-chain decentralized liquidity aggregator based on the ZK-SNARK protocol, catering to peer-to-peer (orderbook) and liquidity pool (peer-to-pool) trading for spot and perpetual contracts in a fully decentralized environment.

Vortex offers lightning-fast speed, low costs, multi-chain support, infinite scalability, and deep liquidity sharing. It introduces additional features such as a launchpad, lending, insurance, and SAAS-based trading subsites around its core trading product to enhance liquidity in the trading market.

Vortex’s order book trading mechanism brings several unique advantages to decentralized exchanges, making the trading experience more transparent, flexible, and efficient. The Layer 2 scalable engine can execute trades in as fast as 10 milliseconds. Vortex also encourages users to become liquidity providers for the order book, allowing them to earn token rewards while providing liquidity, thus offering additional incentives.

At the settlement layer, Vortex can deploy multiple subchains, achieving unlimited scalability for transaction efficiency through modular and customizable subchains.

Liquidity Partnership Proposal

Vortex can facilitate the deployment of trading subsites for partners with low barriers to entry, further expanding the partner’s audience and overall liquidity within the ecosystem. We are currently collaborating with partners such as Gdex, Beex, and SparkEX to deploy subsites, thereby enhancing the ecosystem.

1. Vortex provides technical infrastructure support for partners, ensuring low-threshold, low-cost deployment of DEX subsites, guaranteeing high-speed, low-cost, and secure transactions.

2. Partners provide traffic entry points, brand support, domain names, etc., bringing users through brand influence, thus expanding the ecosystem’s impact.

3. Both parties collaborate on subsite operation, reasonably allocate resources, and ensure efficient subsite construction and ongoing operation.

4. Subsites can share liquidity with Vortex, effectively leveraging the user base to provide better trading depth.

5. Partners are entitled to a share of trading fees, with the percentage ranging from 50–80%, determined based on actual contributions such as traffic and trading volume.

6. Vortex’s technical team provides continuous feature iteration and optimization, ensuring a continuously improving trading experience.

Vortex looks forward to a deep collaboration with you to jointly promote the prosperity and development of the blockchain industry. If you have any other ideas or suggestions regarding the proposal, please feel free to share them, and we will provide more precise solutions accordingly.

Website: http://www.vortex.ink

LinkTree: linktr.ee/VortexDex

Current Landscape of Orderbook DEX

Initially, DEXs primarily utilized Automated Market Maker (AMM) mechanisms. However, to cater to users who prefer trading through chart candlesticks and order book patterns, Orderbook DEXs were introduced. These DEXs retain the advantages of decentralization while providing a user experience comparable to Centralized Exchanges (CEXs).

For DEXs, addressing liquidity issues is paramount. The Orderbook has consistently been the ideal choice for liquidity markets and is the best option for displaying market prices and large orders. It reduces slippage risks and is widely accepted by institutions and individual traders. With the aid of new technological systems, Orderbook DEXs can perform even better.

As a result, there are numerous Orderbook-based DEXs in the market, mainly focusing on spot and derivatives trading. They each have their strengths and weaknesses in terms of user concerns such as trading experience, liquidity, and fund security. These differences are primarily achieved through various technical solutions that balance trading performance and decentralization.

Introduction of Representative OrderBook DEX Projects

1. Dydx: Currently leading in terms of trading volume and revenue in the Orderbook DEX race, Dydx is a decentralized derivatives exchange supporting spot trading, margin trading, and contract trading. By utilizing off-chain order books and on-chain settlement, the dYdX protocol aims to create an efficient, fair, and trustless financial market free from centralized control.

Dydx initially built on StarkWare and will release its V4 version based on the Cosmos blockchain to realize a fully decentralized and open-source high-performance exchange vision. The Dydx V4 testnet version is already live.

2. ZKEX: ZKEX, also leveraging zero-knowledge proof technology, offers multi-chain trading, aiming to create a trustless and self-custodial order book DEX with CeFi-like performance. ZKEX is built on innovative ZK-rollups like zkLink, Starkware, and zkSync. It plans to deploy on more layer-2 solutions to achieve multi-chain liquidity sharing.

ZKEX facilitates multi-chain liquidity by allowing users to deposit assets from any connected L1 or L2 chain into their ZKEX account and initiate trades. After trading, users can withdraw their assets back to the original chain.

ZKEX is still in its testnet phase, with the V3 testnet version released.

3. Vortex: Vortex is a multi-chain spot and perpetual contract exchange based on the ZK-SNARK protocol, catering to fully decentralized spot and perpetual contract trading.

As a newcomer in the DEX field, Vortex employs zero-knowledge proof technology to ensure a secure and trustless environment. Using ZK-SNARKs, all transactions need confirmation within Ethereum smart contracts. It achieves near-instant transaction confirmation and execution on the main chain while maintaining Ethereum-level security. Vortex distinguishes transactions between L1 and L2, with routine settlement occurring on layer-2, offering high performance and low fees.

Due to its unique architecture, Vortex ensures asset security, user privacy, smooth trading experience, and minimal transaction fees.

In terms of token capture, where Dydx is often criticized, Vortex innovates by sharing nearly 70% of the token supply through various incentive mechanisms, further motivating users to provide liquidity. As a result, Vortex has a strong advantage in terms of Go-to-Market (GTM). Within days of its launch, it reached a daily trading volume of over $8 million.

Addressing current challenges faced by DEXs, the mentioned protocols adopt similar solutions: separating transaction execution and settlement processes through Rollups or layer-2 solutions. This achieves significant improvements in trading performance while safeguarding asset custody and decentralization, using ZK technology for scalability and privacy.

These projects indicate a direction for DEX development — enhancing decentralization while ensuring trading convenience, especially in the era of Layer-2 expansion. Since liquidity is dispersed across different chains, promoting multi-chain liquidity is essential. Projects like Vortex make strides in this direction.

For Orderbook DEXs, security, trading convenience, and GTM strategies are key competitive dimensions. DEXs optimize trading experience through Rollups or high-performance dedicated chains while designing economic models to create a mutually beneficial ecosystem. Users seeking trading solutions should monitor DEX evolution to find the platform that best suits their needs.

Website: http://www.vortex.ink

LinkTree: linktr.ee/VortexDex

Vortex plans to launch the Burn Mining Incentive, where community members can earn competitive VTX rewards while participating in token burn. Additionally, users can gain access to various VIP levels on the platform. The more VTX tokens users destroy, the higher their VIP membership level and the more benefits they can enjoy.

The relationship between the number of VTX tokens destroyed and VIP membership level is outlined in the table below. Users with burning quantities below 1000 tokens can still enjoy the benefits of burn mining but without any additional rewards.

Empowering VIP Members

By establishing different VIP membership levels, the Vortex project can better distinguish between users and provide tailored services and benefits to different user groups. Vortex offers a total of six VIP membership levels, with rewards primarily consisting of access to the platform’s launchpad whitelist and accelerated mining incentives. This further encourages users to engage in burn mining and reap multiple benefits.

• Launchpad whitelist allocation: Different VIP levels have varying quantities of whitelist spots.

• Burn mining production rate: Acceleration rates vary by VIP level (v1 to v6), affecting daily production rates.

• Burn mining daily rate: Distinct rates are assigned based on the acceleration efficiency of each VIP level.

Refer to the provided diagram for the specific reward mechanism.

Node Loyalty Program Dividend Rewards

Through the VIP membership system and the establishment of the Node Loyalty Program, Vortex aims to transform user loyalty and long-term contributions into substantial income. By employing burning to initiate token deflation, VTX’s value receives strong support.

Each month, the platform ranks VIP users based on their cumulative burned amounts, selecting the top 50 users with VIP-4 or higher levels to become dividend nodes. These nodes can share 10% of the platform’s monthly fee income proportionally based on their destroyed token amounts.

The early stages of this program present a prime opportunity for participation. Destroying over 20,000 tokens and achieving VIP4 membership significantly increases the chances of becoming an initial dividend node. This not only grants access to membership benefits but also the potential to earn substantial platform fee dividends.

Vortex will continue to refine its equity system in the future, aiming to offer users the utmost returns. We look forward to long-term development within the industry and hope to witness the mutual growth of the Vortex community, fostering a diverse array of equity rewards.

Website: http://www.vortex.ink LinkTree: linktr.ee/VortexDex

In contrast, decentralized trading platforms have achieved a more sustainable balance of interests. Vortex’s invitation incentive mechanism is designed to benefit users, invitees, and the platform, creating a well-balanced and ecologically friendly system. VTX, the equity distribution and ecosystem governance token of Vortex, plays a central role in incentivizing participants through its various applications.

VTX is distributed among users through mechanisms such as early user airdrops, trading mining, liquidity mining, burn mining, and ecosystem incentives, totaling 68.5% of all tokens while ensuring deflation. VTX also offers various utility scenarios, including becoming an ecosystem member by participating in token burn, which leads to benefits such as reduced trading fees and platform fee dividends.

Previous articles by Vortex have extensively covered VTX token liquidity incentives, trading mining, and user incentive methods. Additionally, 2.5% of VTX tokens are allocated as rewards for users who contribute to platform growth.

Inviting new users allows the invitees to receive first-level referral rewards based on their participation in trading mining and burn mining. The specific referral reward percentages are determined by the membership level of the invitees:

Invitees with a membership level of v-3 or lower: Referrers receive 5% of the VTX tokens generated from the invitees’ burn mining outputs.

• Invitees with a membership level of v-4: Referrers receive 8% of the VTX tokens generated from the invitees’ burn mining outputs.

• Invitees with a membership level of v-5: Referrers receive 10% of the VTX tokens generated from the invitees’ burn mining outputs.

• Invitees with a membership level of v-6: Referrers receive 15% of the VTX tokens generated from the invitees’ burn mining outputs. Both invitation mining rewards and invitee rewards are distributed simultaneously. The allocation of the 7.5 million VTX invitation reward shares ends when fully distributed. This design ensures that both referrers and invitees can achieve long-term and stable returns.

Through a mutually beneficial model, Vortex has established a new paradigm for decentralized trading platforms. The platform hopes that more users will actively participate in this open, collaborative digital asset community and grow alongside the platform.

Website: http://www.vortex.ink LinkTree: linktr.ee/VortexDex

In response to this question, Vortex has innovatively integrated community loyalty into its mining incentive mechanism, aiming to further ignite community vitality and participation. This approach gradually establishes a dynamic, fair, and long-term incentive-driven economic model to balance both short-term and long-term benefits for community members.

Introduction to Burn Mining Model

Burn mining is a core strategy of the Vortex platform, allocating 20% (60 million VTX tokens) of the total VTX token supply to maintain user loyalty and reward those who have long supported the platform.

Users who earn profits through trading mining have 50% of their earnings automatically deposited into the burning pool (users need to initiate this action). Additionally, users can purchase VTX on the secondary market and contribute to the burning pool to earn rewards.

Once users destroy VTX tokens, these tokens are permanently removed from the total token supply of Vortex, leading to continuous deflation of VTX. Simultaneously, through burn mining, users can earn corresponding rewards based on their Vortex platform membership level. The Vortex platform offers six membership levels, each providing incentives such as launchpad whitelist access and accelerated burn mining rewards.

Calculation of Burn Mining Rewards

In the burn mining mechanism, the number of VTX tokens destroyed by users and their membership level determine the rewards earned from burn mining. Membership levels accelerate the release of mining rewards. The specific relation between destroyed quantity, membership level, accelerated release ratio, and burn daily yield is outlined in the table below.

According to calculations, a VIP1-level user can earn returns equivalent to 2506% of the number of VTX tokens they destroyed in one year.

To provide clarity, let’s consider an example: a V5-level user destroys 50,000 VTX tokens. They would earn a daily income of: 50,000 * 0.8767% = 438 VTX tokens.

Vortex’s burn mining mechanism also incorporates a reduction mechanism. Every 2 million tokens destroyed trigger a reduction. This reduction mechanism acts as an effective supply management tool, designed to safeguard the value of VTX tokens. By implementing this reduction mechanism, Vortex can control the addition of new VTX tokens to maintain their value. Simultaneously, the reduction mechanism serves as a reward for early participants.

For users, participating in burn mining implies temporarily foregoing short-term benefits in favor of long-term commitment to the platform’s development. This demonstrates user trust and support for the long-term growth of the Vortex project. The higher reward ratios further encourage user engagement in burn mining. Vortex aims to consistently deliver token value to safeguard the interests of token holders in the medium to long term. It hopes that more users will join the burn mining activity, supporting the long-term development of the Vortex platform and contributing to ecosystem construction.

Website: http://www.vortex.ink

LinkTree: linktr.ee/VortexDex

Vortex is a multi-chain spot and contract exchange based on the ZK-SNARK protocol, facilitating peer-to-peer (orderbook) and point-to-pool (LP liquidity pool) trading under complete decentralization. To assist users in meeting their trading needs effectively while gaining substantial rewards, Vortex introduces various products like launchpads, lending, insurance, quantitative strategies, and a SaaS trading sharing platform based on underlying spot and contract trading.

In addition to product offerings, Vortex is actively reinforcing its liquidity incentive program for Orderbook spot and contract trading, aiming to reward users contributing to liquidity maintenance across multiple dimensions.

In-Depth Explanation of Vortex Liquidity Incentive

To extend liquidity for Orderbook spot and contract trading, Vortex has unveiled a robust liquidity mining incentive program, with a total reward pool of 48 million tokens, distributed over approximately 6 years, generating a daily output of 20,000 tokens.

Within Vortex, users can opt to provide depth limit orders for trading pairs like USDT + BTC/ETH/BNB to contribute liquidity for Orderbook trading. As a reward, users providing liquidity receive VTX token mining rewards. According to the economic model, 16% of the total VTX token supply is allocated for liquidity incentives. To mitigate user risk, the platform selected mainstream trading pairs for liquidity provisioning, ensuring users do not incur significant losses due to token price fluctuations, even in cases of executed orders.

Users have the flexibility to terminate and withdraw liquidity provision at any time. Liquidity rewards are settled and distributed 30 days after the mining output for the month. This design prioritizes user fund security, allowing them to adjust their capital allocation based on market conditions.

Calculation of Liquidity Mining Rewards

The specific size of rewards within the liquidity incentive program is determined by the scale of liquidity funds provided by users and the stability of their liquidity provision. The more liquidity funds a user provides and the more stable their online time, the greater the mining rewards they can acquire.

During the liquidity provision period, the following points should be noted:

1. Rewards are applicable to bid and ask quotations.

2. Only depth provision within the positive and negative 0.2% price range is incentivized.

3. Users need to maintain stable liquidity provision within a 30-day cycle, with online time being a vital metric for liquidity mining rewards.

4. Contract liquidity provision is calculated with a 50% discount.

For ordinary users with smaller capital volumes and unable to sustain continuous depth orders online, the platform’s lending feature allows them to lend funds to external quantitative institutions and earn stable interest income. Vortex plans to launch quantitative institution proxy liquidity mining pool services based on the stability of external institutions.

The liquidity incentive program aims to encourage platform users to actively participate in maintaining market liquidity, contributing to a healthy and active market environment. Simultaneously, users can earn additional VTX rewards by providing liquidity, resulting in a win-win scenario for both the ecosystem and the community.

The liquidity incentive program signifies an essential innovation in Vortex’s liquidity mining model. By incentivizing users to provide liquidity, it aids in sustaining a healthy and active market environment while enabling users to generate more income from their liquidity provision. This model undoubtedly injects substantial momentum into the development of the Vortex project. With the impending launch of Vortex’s BSC mainnet and the gradual realization of multi-chain deployment, we believe more and more users will join this flourishing community, driving the growth of the Vortex ecosystem.

Website: http://www.vortex.ink LinkTree: linktr.ee/VortexDex

The origin of the trading mining mechanism dates back to 2017, originally designed to incentivize miners to maintain blockchain networks. Subsequently, exchanges adopted this mechanism to attract users by distributing token rewards, creating a win-win and even multi-win scenario. For users, participating in trading mining yields platform token rewards, and for trading platforms, it accelerates user attention and enhances liquidity. Today, the trading mining mechanism is an integral part of economic models in cryptocurrency projects and a pivotal means for building robust ecosystems.

Emerging platforms like the NFT exchange LooksRare and derivatives trading platform DYDX have successfully employed trading mining and token distribution models to attract a large user base. Vortex, as an innovative decentralized exchange, has introduced its own trading mining incentive mechanism to give back to the community.

Introduction to Vortex Trading Mining Mechanism

Vortex is a decentralized exchange dedicated to maximizing user value in the blockchain space. Vortex allocates 15% of its platform token VTX, totaling 45 million tokens, to the trading mining output, aimed at incentivizing core platform users.

In the trading mining mechanism, VTX tokens are distributed over 25 months, with a daily output of 60,000 tokens. Daily output is allocated across different trading environments, chains, and incentivized trading pairs within Vortex’s spot and contract offerings. For instance, during the order book spot trading period, only transactions on the Binance Smart Chain (BSC) will be incentivized. In this case, the BSC chain’s total trading mining output will be 60,000 tokens, distributed among trading pairs like VTX/LTC/BTCB/ETH/BNB paired with USDT, each carrying a 20% weight. It’s noteworthy that VTX is incentivized only for buyers, while other trading pairs’ Taker/Maker mining efficiency remains consistent. Vortex plans to progressively open more chains and trading pairs for trading mining incentives, collectively sharing the daily output of 60,000 VTX tokens.

Users receive VTX rewards based on the proportion of their daily trading volume’s weight to the total trading weight, multiplied by the daily mining release amount. The trading mining rewards are displayed on the same day, with 50% of the rewards being distributed 30 days later, while the remaining 50% is automatically channeled into the user’s destruction mining pool. Depending on the amount of VTX tokens destroyed, users can access corresponding platform membership level rewards and accelerated VTX token incentives.

Vortex aims to reward genuine community users through trading mining activities, simultaneously boosting project popularity in a short span, thus assisting new projects in gaining market traction.

As the cryptocurrency industry evolves, both the reward mechanisms of trading mining and the economic models of tokens are subject to change. Vortex intends to accompany the industry’s growth, offering substantial benefits to its community members. Through its economic model design, which includes a combination of airdrops, trading mining, liquidity incentives, destruction mining, and staking incentives, Vortex allocates a substantial 68.5% of VTX tokens to community members through various modes. The platform will continue to enhance its capacity to capture the value of VTX tokens over time.

Website: http://www.vortex.ink LinkTree: linktr.ee/VortexDex

Vortex is a multi-chain spot and perpetual contract exchange based on the ZK-SNARK protocol, enabling peer-to-peer (order book) and peer-to-pool trading for spot and perpetual contracts in a fully decentralized scenario.

As an emerging decentralized exchange, Vortex recognizes that user rights and asset security are of paramount importance. We firmly believe that every user who supports and trusts Vortex serves as the driving force behind our progress.

Currently, Vortex, a decentralized spot and derivatives trading platform, has launched on the Binance Smart Chain (BSC) mainnet, officially enabling Orderbook spot and contract trading functionalities. To mark this occasion, we have decided to initiate an unprecedented airdrop event as a gesture of gratitude towards our early contributors and all supporters.

The airdrop not only serves as a reward for early participants but also signifies a testament of trust. Through the airdrop, Vortex aims to deepen its connection with users and encourage more individuals to engage in the Vortex ecosystem. For users, this represents not only a chance to obtain VTX tokens but also an opportunity to collectively grow and shape the future alongside Vortex.

A total of 5% of the VTX token supply, amounting to 15 million tokens, will be allocated for the airdrop. Among this, 2% will be utilized for trading airdrop incentives prior to the launch of trading mining and for trading airdrop incentives upon the launch of new chains. The remaining 3% will be allocated to community cooperation incentives, market cooperation, trading competitions, and other activities. Community partners who missed the early contributor airdrop can also participate in subsequent community incentive activities, including trading mining and liquidity mining.

Vortex is about to launch the first phase of airdrop rewards, incentivizing actions such as social media engagement, generating L2 accounts based on ZK-SNARK, and participating in trading the mainstream coin pairs on the BSC mainnet. Specific airdrop amounts and participation methods can be found in the announcement.

Vortex places immense value on the rights of each user and hopes that this airdrop event will forge a closer bond with its broad user base. We believe that prioritizing user needs is the key to standing out in this competitive market. The airdrop event is just the initial step in our efforts to give back to our users. In the future, Vortex will introduce more activities and benefits to ensure that every user finds their own value within the Vortex ecosystem.

Website: http://www.vortex.ink

LinkTree: linktr.ee/VortexDex

VTX is Vortex’s equity distribution and ecological governance token. According to the economic model’s planning, 68.5% of all tokens will be distributed to users through early user airdrops, transaction mining, liquidity mining, node loyalty programs, etc. At the same time, VTX also has many application scenarios, such as becoming an ecological member by burning VTX, thus obtaining transaction fee reductions, getting fee dividends and other rewards.

VTX Token Distribution Model

VTX’s economic model comprehensively considers the interests of multiple parties, ensuring the balance and sustainable development of the entire ecosystem.

• Financing: 12.5%, used for project initiation and operation;

• Team: 12.5%, to incentivize team members;

• Market and Ecology: 12%, including the ecological development fund 4.5%, ecological support mining 6%, staking reward 1.5%;

• Risk Margin: 4.5%, to deal with possible market risks;

• Community: 58.5%, including airdrops 5%, transaction incentives 15%, liquidity rewards 16%, burn mining 20%, invitation rewards 2.5%.

According to the economic model planning, a total of 68.5% of VTX token output will be used to incentivize users, including:

1. 1.5% of market share in staking rewards: to incentivize users who participate in single-coin pledges early after the platform coin is launched.

2. 6% of market share in ecological support rewards: Vortex focuses on the joint development of partner ecology and the core position of the community in the ecosystem. 6% of the tokens will be used for mining release of cooperative projects, with an expected release time of 3 years, and the details will be announced in the form of activity announcements.

3. 58.5% of community share, including:

• 15% transaction mining output: to incentivize users through trading activities, enhance platform liquidity, and release within two years. The daily VTX trading incentive for users = (user’s daily trading volume weight / total trading weight sum) * daily mining release volume.

• 16% liquidity provision rewards: Users can choose to provide USDT + BTC/ETH/BNB, etc., limit orders to provide stable liquidity for Orderbook trading, and receive VTX as a reward during liquidity provision.

• 20% burn mining: Users can participate in the node loyalty program by burning their VTX tokens. The burned VTX tokens come from the user’s mining income or are purchased on the secondary market. These tokens will be permanently removed from Vortex’s total token supply.

• 2.5% invitation rewards: Invite new users to join and receive a proportion of the VTX tokens earned by the invited person through transaction mining and burn mining.

• 5% airdrop: used for early user incentives and market promotion activities after the mainnet launch.

VTX Token Use Cases

Participation in Loyalty Program

VTX plays a key role in participating in the node loyalty program. Users become ecological members by burning tokens, thereby obtaining transaction fee reductions, platform fee dividends, etc. The more VTX burned, the higher the membership level users can obtain.

Payment Application

VTX token is not only a tool for value storage and transfer but also has multiple equity values. For example, it can be used to pay for spot and contract transaction fees on the platform. In addition, VTX can be used to purchase RWA and other equity and debt products on the platform (after integrating traditional assets in the medium term), support quantitative strategy subscriptions. Vortex plans to join the fiat currency and cryptocurrency flash exchange payment channels, facilitate better user use, and later Vortex will also access Visa credit cards, support storage, withdrawal, payment, and other online usage scenarios. In the scenes of partners, it will also support the use of VTX for consumption payment, VTX can be used to pay for the purchase of NFT, game assets, membership cards, and other rights on the partner platform.

Product Application Expansion

According to the VTX holdings, users can also obtain a share of the platform’s launchpad project. VTX also has certain ecological governance rights. The community can use VTX to govern ecological functions and activities such as contract currency listing, actively participate in community building. This token-based governance mechanism enhances the platform’s transparency and fairness and provides more participation and influence for community members.

Saas Direction

B-end partners can also use VTX to pay for Vortex saas services, thereby quickly deploying sub-stations to share Vortex liquidity in the short term.

VTX token, through its rich use scenarios and equity value, whether as a trading tool or as part of community governance, is driving innovation and development in financial technology. As more people begin to understand and use VTX, its influence and value may continue to grow, bringing positive changes to the entire ecosystem.

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Website: http://www.vortex.inkLinkTree: linktr.ee/VortexDex

I. About Vortex

Vortex is a multi-chain spot and futures exchange based on the ZK-SNARK protocol, allowing peer-to-peer (orderbook) and pool (LP liquidity pool) trading for spot and perpetual contracts in a fully decentralized environment. Inheriting Ethereum’s security, Vortex offers lightning-fast speed, low cost, multi-chain support, unlimited scalability, and deep sharing. It also inherits Ethereum’s security and introduces features like launchpad, lending, insurance, SaaS trading sharing sites, and flash swap payment interfaces to better stimulate market liquidity.

Vortex’s order book trading mechanism brings many unique advantages to decentralized exchanges, making trading more transparent, flexible, and efficient. By using the order book model, users can clearly see the market depth and liquidity. This transparency helps enhance market trust and fairness, while the second-layer scalability engine enables 10ms trade execution speed. Vortex also encourages users to become order book liquidity providers, allowing them to earn token rewards through trading and additional incentives through liquidity provision.

Vortex has already opened BSC chain order book spot trading and will incentivize trading, liquidity provision, and burn incentives through its core governance token VTX, sharing transaction fee revenue with node users. This article will discuss Vortex’s zk-snark technology and order book mechanism in depth.

II. Introduction to Orderbook Trading Mechanism

On the Vortex platform, users can engage in order book spot trading and perpetual contract trading. The order book, or order book, is a collection of market participants’ orders. Here, buy and sell orders are arranged according to price and time priority, forming a dynamic market depth chart.

Because it uses L2 trading principles, users need to deposit funds from their L1 wallet (such as MetaMask) into the corresponding L2 account before trading on Vortex (buying, selling, opening, closing positions). Users can also freely deposit, withdraw, and transfer assets between their L1 and L2 accounts.

Vortex’s account system is divided into spot accounts and perpetual contract accounts, each operating independently. For contract trading, for example:

• Users can choose to open positions (long or short): market orders, limit orders, stop-loss orders.

• Leverage selection: Vortex offers up to 20x leverage in perpetual contract trading. For detailed operation video, please visit:

(https://www.youtube.com/watch?v=Hovpoz-sm80)

Vortex’s professional mode and TradeingView drawing tools are implemented simultaneously in spot and contract trading, providing users with professional and precise market analysis tools in both trading modes. Users will find that Vortex’s trading methods are consistent with their habits on centralized exchanges (CEX), making the operation very simple and smooth. However, Vortex can indeed avoid the falsehood and fraud that occur in centralized trading.

In Vortex’s order book spot trading, the system can aggregate real-time prices from top CEXs and automatically hedge arbitrage. This means that users can trade at the best price regardless of market price fluctuations. Additionally, users can choose market or limit orders for trading. Vortex’s trade execution speed can reach 10ms, meaning that users’ trades can be executed almost instantly, greatly improving trading efficiency.

Also, in Vortex’s order book contract trading, Vortex uses a funding rate model to balance the contract price with the underlying asset market price, maintaining market stability and contract pricing accuracy.

The funding rate is a payment mechanism between traders used to balance the market’s long (bullish) and short (bearish) positions. When the contract price deviates from the underlying asset price, the funding rate is introduced to encourage traders to take counter positions, helping to push the contract price back to the underlying asset price.

The funding rate is calculated every 8 hours. If the contract price is higher than the spot price, the long positions (bullish) must pay the short positions (bearish) the funding rate; conversely, if the contract price is lower than the spot price, the short positions must pay the long positions the funding rate. Payments are usually made in the underlying asset, with the funding cost deducted from the long positions’ accounts and distributed to the shorts. This mechanism encourages traders to adjust their positions according to market conditions, reducing the gap between the contract price and the index price.

Vortex’s funding rate model provides traders with a more stable and predictable trading environment. However, traders need to be aware of the impact of the funding rate on long-term positions and the potential trading costs caused by deviations between the contract price and the index price.

III. Encouraging Users to Become Orderbook Liquidity Providers

In addition to utilizing market makers for liquidity provision, Vortex’s order book trading also encourages users to become liquidity providers and share liquidity incentives. 16% of VTX token rewards will be used to incentivize user liquidity provision, rewarding order volume, normal operating time, two-sided trading depth, etc. Users can provide liquidity for BTC/ETH/BNB/DOGE and other trading pairs by placing depth orders for order book liquidity provision. Rewards will be distributed 30 days after today’s trading mining output. It should be noted that these incentive rewards only apply to depth orders within the ± 0.2% price range of the corresponding token; orders outside the fluctuation range will not be rewarded. Users also need to ensure stable liquidity provision during this period. If users provide liquidity for order book contracts, rewards will be calculated at 50% liquidity provision (considering leverage factors).

Initially, the main incentives will be for mainstream trading pairs on the BSC chain, such as BTC/ETH/BSC, reducing the risk of users becoming liquidity providers at the beginning. As Vortex runs smoothly, more chains and trading pairs will be gradually opened to incentivize liquidity providers.

Through this incentive mechanism, we expect users to actively participate in Vortex’s trading platform’s liquidity provision, injecting more liquidity into the entire trading ecosystem, creating a more stable and efficient trading environment, and providing traders with more choices and a better trading experience.

IV. Application of zk-SNARK Technology

ZK-SNARK, short for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” is a cryptographic principle that allows one party (the prover) to prove that they know some information without revealing that information to another party (the verifier). Through ZK-SNARK, Vortex can prove the correctness of a transaction without revealing any details about the transaction.

In Vortex, every transaction is completed on-chain, and the trading match results are sent to L1 through L2. This design not only ensures the transparency of transactions but also greatly improves the efficiency of trading. Vortex’s transaction proofs are small in size and short in confirmation time. Moreover, as one of the Layer 2 scaling solutions for Ethereum, the security of zk-Snark inherits the advantages of the Ethereum mainnet, further ensuring the safety of funds on the chain. Every transaction in Vortex generates a ZK-SNARK proof, which can be verified on-chain, but does not reveal any detailed information about the transaction. In this way, Vortex achieves efficient, secure, and private trading.

Overall, ZK-SNARK technology gives Vortex a competitive advantage, enabling it to provide an efficient, secure, and private trading environment, meeting users’ needs for privacy protection, trading efficiency, and security.

In addition to spot and perpetual contract trading, Vortex also offers a range of products, including liquidity staking pools, Launchpad launch platforms, lending, insurance, and SaaS sub-sites, etc. Vortex is committed to building a comprehensive decentralized financial ecosystem, providing diversified and comprehensive financial services to meet users’ needs in digital currency investment and trading.

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Lack of privacy and scalability are the two biggest obstacles hampering the mass adoption of blockchain technology. As beautiful as the idea of a public and permissionless blockchain is, without data privacy, a Web3-heavy future could look like a dystopia in which every single transaction leaves a clear trail open to the public to learn everything about you.

Publicly accessible transaction records are great as verifiable activity proofs, but anyone who cared could go digging, linking payment to payment, and tying your real-world identity to your on-chain trail and could use it against you.

Similarly, a lack of scalability can gravely inhibit the prospects of blockchain adoption. The scalability problem has been at the core of most of the blockchain innovations we’ve seen in the past couple of years. Without sacrificing decentralization, the current state of blockchain technology simply cannot support applications that reach mass adoption.

Then came zero-knowledge proofs — a single solution to both problems.

ZKPs — a solution to the blockchain privacy/scalability riddle

A ZKP (Which stands for zero-knowledge proof) allows one party to verify (among other things) a claim that a transaction is valid or correct without the need to carry additional information about the transaction. Through them, cryptography found a way to prove the authenticity of a transaction without revealing sensitive information.

The emergence of ZK-proofs signaled a new dawn for the crypto space. Not only could they enable truly private transactions, but they could also help networks like Ethereum scale.

For a zero-knowledge proof to work, it needs to fulfill three conditions — completeness, soundness, and zero-knowledge. ZKPs can be of one of two types — interactive and non-interactive. Interactive zero-knowledge proofs required constant, back-and-forth interactions between the prover and the verifier until the verifier confirmed the truth in the prover’s claims. As such, non-interactive ZKPs came about to offer a more efficient solution.

Non-interactive ZKPs require no back and forth interactions, with a single exchange of information sufficing to satisfy both parties.

What are zk-SNARKs?

zk-SNARK stands for Zero-knowledge Succinct Non-interactive Argument of Knowledge, a type of non-interactive zero-knowledge proof widely used today to build zero-knowledge protocols. Privacy coins like Zcash use them to offer a shielded blockchain experience while providing sufficient proof that every shielded transaction is valid.

To understand their inner workings, we must consider each letter of the acronym:

ZK: This pair represents “zero-knowledge”, signifying that the proof provides no additional information other than the validity of its submitter claims. Any information that describes the nature of the transaction(s), its participants, and the exchanged value is withheld from the verifier.

S: This letter stands for “succinct”, meaning that the proof size is small (occupying little space) paving the way for quick and easy verifications.

N: Stands for non-interactive, meaning that little or no interaction is required between prover and verifier. Everything from proof generation to submission and verification occurs within a single transaction.

ARK: Represents “Argument of Knowledge”.This part adds the quality of computational soundness. Simply put, a bad actor can hardly cheat zk-SNARK based systems without the knowledge to support their claim (i.e. by holding the underlying information they’re trying to forge). This is based on the theory that the bad actor has limited computational power, meaning that anyone with unlimited computational power could create fake proofs. Some zk-SNARK protocols have a way to prevent this kind of attack.

This type of zero-knowledge proof has an important piece of their makeup: they require a trusted setup between prover and verifier. To construct zero-knowledge proofs with them, a set of public parameters is needed, along with the creation of cryptographic keys. You can liken these parameters to the “rules” of a protocol, and they are usually encoded. Meanwhile, the keys make privacy possible.

Zcash is one of the foremost privacy-preserving protocols that use zero-knowledge SNARKs. Some popular ZK-rollups and Layer-2 blockchains also use zk-SNARK-powered ZK technology to provide scalability to traditional blockchain networks like Ethereum.

zk-SNARKs — Tech Features

1. It is a cutting-edge non-interactive zero-knowledge proof protocol, requiring little interaction between prover and verifier. Proof generation, submission, and verification are usually completed within one transaction.

2. It enhances blockchain scalability. Zero-knowledge proofs are much smaller than the average Bitcoin transaction and get verified much quicker. Swift verification and less block space mean more scalability for networks like Ethereum.

3. Major difference among ZK-rollups:

4. Transparency: zk-SNARKs need an initial trusted setup phase to generate the randomness required to generate zero-knowledge proofs. These parameters are usually held in the custody of a small group to protect them. If the parameters fall into the wrong hands, dishonest actors could use them to create false proofs.

5. Security: Zero-knowledge SNARKS use an initial setup to generate parameters and, according to their setup, are computationally sound. Their soundness, however, assumes that provers have limited computing power. However, when a prover uses an unlimited amount of computing power, they will be able to, for instance, make use of a certain algorithm that can execute extremely quick parallel integer factorization computations that can be used to extract a private key from a public key. In other words, they will be able to breach proof systems. Thus, they are in theory vulnerable to quantum computing attacks, therefore, not quantum resistant.

6. Sclability: zk-SNARKs’ computational demand makes them slower to generate proofs compared to the other option. They also consume less gas than zk-STARKs, and they verify proofs faster because of the difference in byte size.

7. Structure: zk-SNARKs are built on elliptic curves, which improve security and privacy under the assumption that it is infeasible to find the discrete logarithm of a random elliptic curve element in relation to a public base point.

zk-SNARKs: Applications and Use Cases

zk-SNARKs are the more popular of the two main non-interactive zero-knowledge proofs. Several projects in the crypto space today have adopted them to further scalability and privacy, with the latter being more widely used.

They generate and verify zero-knowledge proofs quickly, and privacy-enhancing protocols have used them vastly. With them, privacy-enabled blockchains can shield transactions from the public eye, allowing users to provide zero-knowledge proofs in the place of average transaction records.

Some privacy protocols like Panther Protocol have integrated selective disclosure mechanisms that allow users to share the information shielded by the blockchain with trusted third parties.

Another application of zk-SNARKs is identity verification, allowing users to pass KYC and AML requirements without putting their sensitive information at risk. With them, these protocols can allow users to submit a zero-knowledge proof of their identity instead of documents, confirming that they have the required data to be verified without revealing any extra information. They have also been adopted to drive privacy in decentralized finance, gaming, ZK-rollups, and asset ownership.

Source: zk-SNARKs vs zk-STARKs — Comparing Zero-knowledge Proofs (pantherprotocol.io)

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Step 1: Visit the official website Vortex, click on the top right corner “connect the wallet,” and connect the Metamask wallet

Metamask wallet is quite commonly used, remember to keep your mnemonic phrase and private key safe.

If you don’t have Metamask, choose WalletConnect, and you can log in with other wallet services.

Step 2: Click “overview” to view your account status.

Step 3: “Token” is the spot account, “Future” is the contract account. Transfers between L2 are automatically transferred to the spot account. If you need to open a contract, you need to transfer separately from the token account to the future account.

Ps: These tokens and balances are on the second layer, so the balance in Metamask or other wallets is not visible here (because the these wallets are all linked to the first layer network).

How to Transfer Assets from Wallet (L1) to Vortex Exchange’s L2 Network?

You can only trade on Vortex after transferring the wallet’s assets to Vortex Exchange’s L2 network, as Vortex is based on ZK-SNARK for order confirmation and matching. All transactions are completed on the second layer, and the final result is packaged back to the first layer, enabling low-cost and efficient trading.

Click “deposit,” enter the amount you want to transfer to L2 for trading, and click deposit.

Confirm from the wallet.

Now you can trade spot!

Click on “Trade-Orderbook” (i.e., order book spot trading), and you will see that the trading balance has become the 34.9U as we just transferred.

If you want to trade contracts, you need to transfer assets from spot to contract wallet. See below for details.

**How to Transfer from Spot Account to Contract Account?**Vortex’s spot account and contract account are separate. Follow the steps in the picture.

Select the amount to transfer to the contract account, make sure the network and transfer token type on the left (e.g., BSC, USDT), and click transfer below.

Then click on “perpetual” on the top side.

You can see that the contract account on the right now has a balance, and you can trade contracts on this page.

**How to Withdraw Assets from L2 Back to Wallet (L1)?**After trading, if you want to withdraw from L2 to L1 (e.g., TP wallet, Metamask wallet, etc.), follow these steps: Click withdraw.

Make sure the correct chain and token are selected. Input the recipient address and amount.

Click submit below.

Sign and confirm (it takes time to withdraw assets back to L1 from L2 after the deduction, so it is not displayed instantly, estimated 30min or so, depending on trading time and quantity).

How to Transfer Between L2?

Click “L2 Send” to transfer between second-layer users or to the other party’s Vortex second-layer wallet.

How to Add Metamask Wallet Web Extension?

Click this link and click install extension.

Mobile users can download the Metamask wallet directly from the Google store.

How to Trade?

Click on “orderbook” at the top for spot trading.

Click Limit/Market to choose a limit order or market order (using Limit as an example), enter the price, enter the purchase amount, click “Buy BNB” to purchase BNB.

Confirm in the wallet.

You can view the limit order situation in the “Open Orders” on the interface:

Click “perpetual” to trade contracts.

How to Activate Your L2 Account?

Step 1: Click “L2 Activation” on the homepage dropdown.

Step 2: Choose the network you want to activate (e.g., BSC). Then click Activate.Note: Before activation, you need to deposit to initialize your L2 account.

Step 3: Click confirm on the pop-up page.

Step 4: Click Sign in your wallet pop-up page to authorize activation.

Step 5: Now, you have successfully activated your account, ready for your L2 trading.

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Incentives and Rewards

In the Vortex ecosystem, Incentives and rewards play a crucial role in creating a more fluid and efficient market. They can earn passive income from the trading fees generated by the platform.

68.5% of the VTX token rewards will be distrubuted via different ways back to users:

Trade Mining: The daily mining output for users is allocated to addresses based on the weight of the trading volume. The trading mining rewards are displayed on the same day, with 50% of today’s trading mining output distributed uniformly 30 days later. The remaining 50% automatically enters the account’s burn mining pool. Invitation Rewards: Users who invite others to participate in trading mining and burn mining can receive invitation mining token rewards. Liquidity Incentives: Users can provide liquidity on the orderbook spot and contract trading interfaces and receive rewards. Liquidity incentives are expected to be distributed over a 6-year period. Burn Mining: Users can allocate VTX tokens to the burning pool, where VTX will be permanently burned. Simultaneously, users will receive mining rewards from this initiative, with a base reward rate potentially exceeding 0.7% per day. Membership System: Based on the quantity of VTX tokens users burn, they will be categorized into six VIP levels. Membership is at the forefront of Vortex’s growth strategy, where distinct membership tiers offer varying privileges. These mainly encompass early access whitelist for new features, Launchpad whitelist access, accelerated rewards from burning mining, and a share of platform transaction fees. Loyalty Program：Vortex platform will monthly rank its member users based on their burned token quantities, from highest to lowest. The top 50 ranked users (VIP4 and above) will become dividend nodes for that month. Dividend nodes will proportionally share 10% of the platform’s monthly transaction fee income, based on the percentage of tokens burned. The dividend amount can be directly queried on the website. By combining high-speed, secure, and cost-effective trading with rewarding liquidity provision schemes, Vortex creates a conducive environment for traders and liquidity providers alike, driving the growth of a robust decentralized trading ecosystem.

Project Features

1. Lightning Speed and Low Cost

   Transactions on Vortex are executed instantly and confirmed on the mainnet within seconds. Its cost is approximately 1/40 of the mainnet cost, reduced to $0.01.

2. Multi-chain Support

   Vortex supports BSC and other chains (like Pego, ETH, etc.).

3. Infinite Scalability

   The trading efficiency of Vortex is infinitely scalable.

4. Security

   Vortex, based on zk-SNARK, fully inherits the security of Ethereum.

5. Comprehensive Ecosystem

   Vortex launches parallel ecological products like lending and insurance, based on spot and perpetual contracts. It combats systematic risks from market fluctuations with user functions, achieving more liquidity gains.

6. Dex SaaS System

   Vortex supports the deployment of subsidiary stations in a short period（2–10 days）, achieving depth sharing and aggregation between parent and subsidiary stations.

Vortex is Launching on the BSC Testnet This Week!

We’re excited to announce that Vortex will be launching on the Binance Smart Chain (BSC) testnet this week. We’re always looking for opportunities to enhance the Vortex ecosystem, and we believe that by launching on the BSC testnet, we will be able to reach a wider group of users and provide a more efficient and convenient trading experience.

During the testnet phase, we encourage all users to participate and provide feedback to help us further improve our products. We look forward to continuing to develop and improve our platform in the coming period, providing the best decentralized trading experience for our users.

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Trade on Vortex:

http://www.vortex.ink