HXRO

What is Hxro?

Hxro Network is a Solana-based exchange supporting community-built trading applications. It aims to establish highly liquid derivatives markets for Solana-based assets, promoting accessibility and diversity in the global derivatives market. Leveraging Solana's speed and affordability, Hxro Network addresses the challenge of fragmented liquidity in on-chain derivatives markets.

By unifying liquidity at the protocol level, Hxro overcomes the issue of isolated markets, enabling on-chain trading dapps to access turnkey, shared liquidity instantly. Co-founded by industry veterans with expertise in both traditional and decentralized derivatives markets, Hxro Network combines on-chain advancements with established market infrastructure.

The network operates on a community-centric model, allowing traders and builders to participate in its growth through a staking program and various incentive programs. Hxro Network's goal is to revolutionize the derivatives industry on Solana by providing efficient, transparent, and accessible solutions.

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Recent Video Interview

Main points of the interview:

• Details Hxro Network as a Solana-based decentralized liquidity platform for risk-based applications.
• Community-driven value accrual and global accessibility, aiming to democratize finance.
• Partnerships with FTX and potential integrations with Radium and Pith Network for robust liquidity.

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Derivative Trading

Hxro Network offers more than just turnkey liquidity for on-chain derivatives. Using two core protocols, Dexterity and SPANDEX, the network provides essential building blocks for developers creating Central Limit Order Book (CLOB)-based derivatives trading applications. Dexterity, a collection of permissionless smart contracts, empowers developers by offering exchange and settlement infrastructure, allowing them to focus on creating unique and user-friendly interfaces.

Hxro Network introduces Market Product Groups (MPGs) and Trader Risk Groups (TRGs) within the Dexterity protocol. MPGs are collections of products with their order books, facilitating the exchange of risk and margin. Each MPG has its own margin vault and supports specific tokens for margin and settlement. TRGs, linked to an MPG, hold trading-related information such as risk, margin, profit/loss, and orders.

Betting

Hxro's Parimutuel Protocol offers developers a versatile framework to construct customizable, peer-to-peer markets for betting on events where participants finish in a ranked order. Winners are paid out on a pro-rata basis. The protocol is currently adept at facilitating dual-outcome parimutuel markets within any discrete time frame, utilizing available on-chain data oracles. Its applications extend to various domains, including financial transactions, gaming, and sports wagering.

HXRO Token

HXRO serves as the utility and governance token for the Hxro Network ecosystem. The token plays a crucial role in establishing a symbiotic relationship between the network's value creation and participant interests. Key utilities of the HXRO token include staking, network value accrual, on-chain governance, discounted network fee payments, and participation in network incentives and rewards.

Staking HXRO tokens enables holders to accrue a share of the network transaction value through staking rewards, fostering a strong and scalable foundation for the token ecosystem. Network value accrual ensures that 100% of the network value goes back to staked tokens and participants providing critical functions within the Hxro ecosystem, such as network staking rewards, protocol-owned liquidity, treasury, insurance fund, and more.

Ecosystem

Hxro's ecosystem partners: LOLLIPOP LABS, DEGENERATE APE ACADEMY, WORMHOLE, PYTH, JIRTISU NETWORK, BITBLOX GAMES, MAD SHIELD, PSYFI, HELIUS...

Live dApps on Hxro ecosystem: OPEN HXRO, MAIUS BET, FLOWMATIC, ICONIC MARKETS, BONK OR BUST, 166BIT, PARISWAP SDK, SPEEDRUN HXRO, SOLTREK...

Project Development

Betcoin, a featured brand of Coin Gaming Network (CGN), has partnered with igaming content studio Bitblox to offer Hxro-powered betting games to its global customer base, receiving around 150,000 monthly website visits. As the #1 licensed cryptocurrency casino and sportsbook, Betcoin expands its game lineup through this collaboration, incorporating Bitblox’s flagship game Up or Down.

Up or Down, powered by Hxro’s Parimutuel protocol, is a prediction game allowing users to make simplified bets on short-term Bitcoin price action. Payouts are instantly made to the winning side at expiration, with all data transparent and verifiable on-chain.

According to Hxro co-founder Dan Gunsberg, this integration with Betcoin marks the beginning of a new paradigm in igaming, merging web2 betting with the transparent, on-chain infrastructure provided by Hxro Network.

HXRO Price Analysis

As of November 24 2024 HXRO has a marketcap of $2.6M. This is {{percentagefromath}} from its all time high of $0.800981. In terms of its tokenomics, there's a total supply of 1B with 62% currently outstanding. Keep in mind HXRO has a fully diluted value of $4.2M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.