Today, Choise.ai is thrilled to announce that we’re taking the world of decentralized perpetual trading to the next level, with the introduction of PerpeX. Choise.ai has been building exchanges and crypto products used by over 1M+ users over the past 7 years, and this marks a crucial step for us to enter the decentralized perpetual arena, bringing our key learnings on UX, usability, features and integrations to users and grow it to the completely new level. PerpeX will make all markets liquid: crypto, forex, metals, stocks and much more with over $100T worth of total market potential.
PerpeX will be THE trading platform for users to access a range of futures options, ranging from large-cap coins all the way to lower liquidity small caps and access the growing $2.5T+ crypto economy. We’re setting the new standard with our high throughput, multi-chain, user-centric trading platform that gives users everything they need, whether they’re a crypto degen, stock trader, or forex mastermind, with the ability to leverage up to 1000x, that’s right.
We’re removing all the shackles in the current perp DEX ecosystem and other trading platforms, giving users exactly what they want, all in one platform.
Efficient. Decentralized. Complete. Powered by CHO.
Key Features of PerpeX
Choise.ai is reimagining how users across different markets can trade effortlessly, PerpeX will be the most efficient supercharged trading engine for all markets powered by leverage of up to 1000x. We see the worlds of TradFi and DeFi merging, whether that’s trading, payments, wallets, banking and so much more.
That’s why we’re introducing multiple markets (gold, crypto, forex, stocks) in a transparent perpetual format to give traders the ultimate tools to do what they do best, make trades. Here’s a look into our key features and designs that making this all possible:
1. Virtual Automated Market Maker (vAMM)
PerpeX leverages cutting-edge DeFi mathematics to replace the traditional order book with a virtual algorithmic one. This enables users to place orders even in low-liquidity markets, as the PerpeX core automatically executes trades based on a sophisticated algorithm tailored to each market.
Our vAMM will allow us to integrate multiple markets, with different setups and liquidity level, but all under one roof, giving traders the ultimate flexibility and user experience that they deserve. Currently, in the Perp DEX world, the options that exist are limited and usually consist of very liquid coins, we want to change this and allow you to leverage trade coins that are lower than 100M market cap, and do so in a decentralized self custodial fashion that CEX futures can never offer.
2. Market Variety
PerpeX’s unique design included the introduction of unlimited markets that will support the most high volume trading ecosystems like cryptocurrencies, forex, metals, and stocks with leverage of up to 200x-1000x depending on market.
PerpeX will also introduce synthetic markets, allowing us to easily add new markets using a price oracle, expanding trading opportunities. This means potentially we can allow users to trade on multiple different datapoints such as TVL, ETH gas prices, mining difficulty and so much more to create markets that weren’t even tradable before.
For traders, this means that PerpeX will be the heaven of tradable ecosystems, giving you unpararelled options to trade perps compared to anywhere else.
3. Comprehensive Trading Tools
PerpeX will offer a superior trading experience for users, equipping them with the best in class trading tools from our 7+ years of experience in building financial products. Advanced order types will be supported, giving traders the access to typical tools like market/limit orders, stop losses, take profit and more.
We know that trading perps can be volatile and will allow users to easily manage positions to add or reduce collateral, either manually or automatically. No more random liquidations or difficult-to-manage positions, our platform will give you the tools to earn in markets like never before.
4. Liquidity and Earnings
To incubate liquidity on the platform and give traders and users multiple earning opportunities, one way of kickstarting liquidity will be through USDT Staking pools. Users will be able to participate in a shared liquidity pool and receive a portion of the platform's income. As the pool and volume on PerpeX grow, we could see a high APY % on USDT unavailable securely anywhere else on the market.
Our referral program will be announced soon, that will allow users to earn from the exchange’s income generated by their invited participants. We want you to bring your friends, family, and communities on PerpeX and reward you for your fair share.
We know no one likes gas and transaction fees, so we have designed the most cost-effective solution for users to make endless trades without worrying about the fees.
5. User Experience and Interface, powered by a complete back office and analytics
Like many of the tools we’ve built and launched at Choise.ai, we’ll give PerpeX the best-in-class UI, which will be usable by every single person on the planet with an internet connection. No more fancy, complicated designs that will make you feel like you’re navigating a maze. PerpeX is for everyone.
We’ve also built a comprehensive back office to allow you to manage your trading operations smoothly and this comes with analytics and monitoring to allow you to stay on top of your trading performance and get key alerts that you can customize and setup.
Just trade your favorite markets with PerpeX and leave the rest up to us.
6. Efficient Price Aggregation
Flash liquidations based on poor pricing models are never a great feeling. Instead of using 1 Oracle source, we’ll be aggregating price fees from multiple market leaders like Chainlink and Pyth Network to ensure the most accurate, efficient, and reliable pricing for all markets.
Choise.ai is setting the new industry standard on how Perp DEXs should be done, and we look forward to welcoming all users to experience the most efficient trading platform and put you in the drivers seat.
Powered by CHO, in every way
PerpeX will be powered by CHO, and as PerpeX grows to new volumes, $CHO holders will benefit in ways like unlike other. In our last few announcements, we have announced brand new forms of utility for CHO, whether that’s the launch of our B2B token VLT (available only for CHO stakers), our new L2, our new wallet and so much more.
This announcement is no different, we’re excited to share that CHO will be deeply integrated in the exchange, opening up at least 5 forms of unique earning opportunities for $CHO holders:
- Revenue Sharing: Stake CHO and receive a significant share of the platform's revenue, creating a substantial income stream.
- Fee Discounts: Pay trading fees with CHO and enjoy discounts up to 50%.
- Increased Demand: As trading volume on PerpeX grows, the demand for CHO tokens will rise, potentially increasing its value.
- Liquidity Provision Earnings: Earn additional income by providing liquidity in CHO, participating in the platform's growth and success.
- Governance Participation: Users can use CHO tokens to vote on key platform decisions and access exclusive features or premium services.
We’re making $CHO the most powerful token on the market, giving it new forms of utility as we undergo our massive rebrand into the B2B and enterprise arena. As PerpeX reaches new heights, the early $CHO holders will profit massively. $CHO is more than a token; it’s an ecosystem of Choise.ai’s cutting-edge products.
PerpeX goes LIVE within the next month, stay tuned!
We are excited to announce that trading on PerpeX will commence within the next month, ushering in a new standard of DeFi innovation.
Powered by CHO, this is your chance to be among the first to experience our state-of-the-art trading platform and take advantage of its unique features that are completely unlike anything on the market. We’re building the most complete perp trading engine that exists, supporting all markets with ultimate flexibility and trading tools.
Stay tuned for more updates and prepare to elevate your trading experience with PerpeX.
Choise AI aims to provide users and businesses with the ultimate tools to interact with the new decentralized economy, bringing our enterprise-grade experience and knowledge to new markets.
Join us, we have much more to reveal very soon.
