The StrikeX Ecosystem – Due Diligence

  • Post author:
  • Post category:Altcoins

Hey there! Let me introduce you to StrikeX, their existing products, and all the exciting developments they have in the works.

First up, TradeStrike Lite (V1), which was the first product that was released. It's an application that allows users to stake their tokens for a variable ~10% return, with no lock-in commitment. It's a great option for current holders to benefit from staking rewards while the DEX v2 is being built from scratch. This sets it apart from other DEXs which are just carbon copies of each other. The long-awaited v2 is coming in just a few days and I can’t wait!

Security & self-custody have been all the rage in the Crypto industry lately and StrikeX have this at the forefront of their vision. Their DeFi wallet was released at the end of 2022 and supports BSC, SOL, BTC, and ETH blockchains, allowing for multi-chain support, integral swaps, portfolio & asset charting, and instant fiat deposits and withdrawals through the integration of the transak and Mercuryo payment gateways (with more on the way!). It's supported on both android and iOS and has an in-built biometric login for added security. There is a “conveyor belt” of upgrades lined up, such as NFT galleries, ledger compatibility, staking compatibility and additional network integrations, which is sure to make it the most extensive DeFi Wallet on the market.

TradeX is the fully functional V2 of their DEX, which is coming in February 2023. This new version is going to be the most comprehensive of its kind, including a fiat on-ramp, proper charting (think tradingview), order books, limit orders, and much more. You can find a demo of TradeX on StrikeX's social media platforms, but it won’t be long until you can try it out yourself!

Now, let's talk about the flagship product: TradeStrike. This is what the team set out to deliver from the beginning because of the inconvenience of traditional stock trading platforms. TradeStrike, which is due for release in 2023, will be a 24/7 trading platform that allows users to trade stocks, cryptocurrencies, NFTs, real estate, and more all in one app through the use of blockchain technology and tokenisation. All assets will be backed 1/1 with the real-world asset, and the STRX token acts as a gateway to all assets tradable on the platform. The team have been working with one of the biggest law firms on the planet, Latham & Watkins, to ensure compliance and regulation from the start. We can expect to receive a lot more information regarding this in the coming months, once all existing products are rolled out and up to date.

Let’s not forget that while the main function of the $STRX token will be its utility within the Trading Platform, Stock Token Bridge & Blockchain, there is also 10% of the company (presumably in the form of a Tokenised asset) up for grabs to for the top 10% of holders upon launch of the trading platform. This creates a huge opportunity to get in early and be a part of the movement away from traditional finance!

But that's not all! StrikeX is growing their web3 ecosystem and has started developing their own POA blockchain, X-Chain, with advancements in encryption standards and additional safety controls. The $STRX token will become the native currency of the network used in all transactions and gas fees.

And there's even more! StrikeX has been working on a stock token bridge that will allow for the seamless transfer of traditional stocks to tokenized versions that can be traded on the TradeStrike platform. This means users will have access to a wider range of assets, including those that are not yet tokenized, making the platform even more comprehensive. Plus, the stock token bridge will provide a new level of accessibility to traditional stock markets, eliminating the need for intermediaries and reducing costs associated with traditional stock trading. The bridge is still in development, and we are yet to find out the finer details, but the team is working hard to make it a game-changer in the industry.

Overall, the StrikeX ecosystem has a lot of exciting developments in the works, from their DeFi wallet and DEX to their upcoming trading platform and blockchain technology. Their focus on compliance and regulation, as well as their commitment to user security, make them a promising player in the world of cryptocurrency and finance. Keep an eye out for more!

submitted by /u/Existing_Muscle_4219

Source link