The Everscale ecosystem continues to expand and evolve, with more advanced products being launched. We're glad to introduce the latest DeFi product in the Everscale ecosystem to you – Gravix, a derivatives trading platform from the Broxus team. In this article, we’d like to deep-dive into Gravix’s features, as well as explain how to trade on Gravix using EVER Wallet.
Users in control of their assets
After the chain of CEX bankruptcies this year, it has become pretty obvious that the “not your keys, not your crypto” narrative is the hottest in the industry. A case in point is the FTX collapse, where many users lost their life savings. Regardless of what led to the collapse, the key issue is that all cryptoassets were stored on the FTX hot wallets.
Non-custodial storage of crypto assets is a basic security rule. And this is why it’s important to trade on decentralized platforms, where users are in control of their assets. With that in mind, let us present to you Gravix – a derivatives trading platform from the Broxus team that allows users to trade a wide range of assets, including crypto, stocks, and Forex with leverage of up to 200x.
Without further ado, let’s get into Gravix’s features!
Gravix’s features
Gravix offers outstanding features that meet the current demands of traders. Let's explore each of these in more detail:
Low fees: Gravix is built on top of Everscale, which allows for fast execution of orders as well as low fees for each transaction.
Trading directly from a crypto wallet: there's no need to deposit funds into a separate exchange account. Users can trade directly from their crypto wallets (EVER Wallet is supported at the moment), ensuring full control and security over their assets.
A wide range of available assets: Gravix provides access to a diverse selection of assets, including cryptocurrencies, stocks, and Forex. This allows traders to create diversified strategies tailored to their individual needs.
Leverage of up to 200x: both conservative and risk-oriented traders can choose the best leverage that meets their individual risk management preferences.
No price spikes: all asset prices are averages of quotes from dozens of exchanges, streamed from the Chainlink Oracle.
No cookies trackers: Gravix values user privacy and does not use cookies to track users' activity.
No KYC: Gravix allows traders to maintain their anonymity and trade without disclosing personal information.
In-built trading tools
On top of that, the exchange has a user-friendly interface, while in-built TradingView charts deliver traders’ strategies and analytics natively in the app. Analytics can also be shared with followers and friends with a single click. It’s as simple as that.
USDT staking with increasing APR
On Gravix, users can stake USDT and get stgUSDT, whose rate is continuously increasing because of fees collected on the platform. The trading vault is the counterparty to all trades on Gravix.
Referral system – invite-to-earn business model
The platform also provides a referral system where users can create an invite-to-earn business model. The referral dashboard is a powerful tool for managing referral links, complete with all the necessary analytics and information. Users can even create their own custom links to stand out from the crowd. This referral system allows traders who are building communities and interacting with their followers to invite them to Gravix and earn rewards based on their trading volume.
One of the key benefits of this system is the inclusion of sub-referrals, which allows users to earn not only from their direct referrals, but also from the referrals made by their invitees. This creates a powerful incentive for traders to expand their network and enjoy passive income from their invite-to-earn models and trading activities resulting from referrals.
To withdraw referral earnings, all you need to do is click "Withdraw" and sign the transaction.
How to start trading on Gravix
You can start trading on Gravix with USDT in your EVER account.
There will be a guide on how to transfer USDT to Everscale a bit later. For now, let's find out how to start trading using the Gravix app.
First, connect your EVER Wallet to the Gravix app.
Choose the trading pair you’d like to open or close positions in, and proceed.
Disclaimer: trading with leverage is associated with high risk – please trade at your own discretion.
For more guidance on trading and the fundamentals of Gravix, please go to docs.gravix.io
Summary
To sum up, Gravix is a powerful decentralized non-custodial derivatives trading platform with multiple features and an invite-to-earn business model. Stay tuned for more updates, and follow Gravix’s social media to learn more about the product!
