Over the past few years, the cryptocurrency sector has been actively developing decentralized finance (DeFi) as its main theme — the anonymity and freedom of cryptocurrency.
As of today, the total daily trading volume of DEXs is $3.32 billion, which is three times more than in January 2024. However, the daily trading volume of just one exchange, Binance, is $58 billion. This indicates that DeFi and DEXs remain a market with significant potential.
More and more traders, both retail and institutional, are becoming more experienced and starting to transition to decentralized tools to safeguard their assets.
Currently, more than 50 million active users in the United States and the United Kingdom cannot fully trade crypto on CEXs due to government and regulatory restrictions. Hundreds of billions of dollars cannot circulate in the market despite the demand.
Despite the grand idea of making cryptocurrency completely anonymous and accessible to everyone, over the past 5 years, DEXs have been unable to solve several key problems that prevent them from developing and surpassing traditional exchanges.
Unfriendly User Interface: CEXs significantly outperform decentralized exchanges in terms of user-friendliness. To start using a DEX, one needs to acquire basic knowledge, learn how to use wallets, bridges, switch networks, and pay high fees. Additionally, the absence of a mobile application that would simultaneously address all user tasks adds to the inconvenience.
Absence of Spot and Futures Trading: Most DEXs today only offer coin exchange and do not allow convenient crypto trading like Bybit or Binance.
Performance and Scalability Issues: Current popular DEX platforms for trading are extremely inconvenient to use due to lagging interfaces, slow website loading speeds, and low transaction speeds. By the time a transaction is executed, the asset price may change. Currently, this resembles internet speed in the early 2000s.
Marketing and Liquidity Issues: Each CEX platform allows influencers to refer users and earn well from the commissions of each user. This is absent in DEX, making it difficult for projects to build effective marketing strategies, which leads to insufficient user numbers to maintain liquidity on all trading pairs.
A DEX should combine all of the convenient aspects of traditional exchanges: ease of use across all devices, fast processing speeds, the ability to exchange coins and engage in trading, along with the benefits of DEX: unrestricted access to crypto from any country, anonymity, and security.
To address these issues, we present Event Horizon, a true decentralized non-KYC exchange built on its own L2 blockchain.
We aim to become the #1 player in the cryptocurrency market and capture at least 10% of the DEX market.
Event Horizon is a decentralized exchange without KYC, with a user-friendly interface: trade futures from your phone without extra steps or questions, with complete security and comfort.
No need for KYC: Anonymity and access to the exchange for everyone worldwide.
Convenient mobile app and web interface for all: Trade without delays, errors, or server crashes.
Ease of use: Trade without switching networks, gas fees, or endless transaction confirmations. It's as simple as any CEX.
Hybrid model: Trade directly from a decentralized wallet, TrustWallet, or MetaMask, in a single transaction with off-chain order books, on-chain settlements, MPC, and self-custody.
Copy trading (under development): Any user can achieve high profitability from trading without skills by simply copying top-traders who have proven stable returns.
Developing our own Matcher solution for off-chain trading with subsequent on-chain order execution.
This allows us to increase order execution speed, create a familiar interface like on all exchanges, and add flexibility in order management.
Developing our own L2 Rollup to reduce infrastructure costs, fees, and increase transaction processing speed.
It allows reducing transaction costs by 10-100 times compared to the Ethereum mainnet (L1).
Block mining time will be from 2 to 5 seconds, significantly faster than in traditional networks.
The platform will support the full benefits and functionality of the EVM, making development easier with pre-audited solutions and a large pool of developers.
Implementing Self Custody.
This means that the exchange does not store clients' funds. Users always remain owners of their assets and fully control their funds.
This eliminates the risks of hacking and fraud associated with CEXs, where funds can be stolen or lost.
Introducing Multi-Party Computation (MPC) technology.
To enhance security and protect users' funds.
MPC will allow distributing private keys among multiple participants. This will ensure the security and decentralization of the process of managing and signing transactions.
Q2 2024:
Launch of the Waiting List
Launch of the Partner Program
Launch of the Ambassador Program
Recruitment of Tier-1 and Tier-2 influencers
Launch of the first season of activities
Launch of the Educational Center
Platform development
Q3 2024:
Launch of the second season of activities
Recruitment of 1st and 2nd level influencers
Platform launch on Testnet
Q4 2024:
Release and launch of MVP
Launch of the third season of activities
Trading system launch
Launch of the mobile application
Event Horizon will be launched on Testnet in Q3-Q4 2024.
Today, 7 days after the project announcement, 94,468 users have been attracted and minted over 100,000 achievement badges. Additionally, 250+ KOLs are already supporting the project.
Complete tasks on our platform → Earn Horizon Badges for it → Exchange Badges for future rewards.
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