Wanna do perpetual trading on Crypto, Forex, NFT and even Indices Markets with up to 100x, high real yield and advanced risk management! LEXER is here to perpetual everything, which is currently having a Paper Trading Competition with 500,000 rLEX Token rewards which can be converted into rLEX Token on mainnet after token launch or TGE.

So let’s deep dive into it with the following segments:

1. What’s LEXER Market?

2. How LEXER Market works?

3. Key Features & Economic Flow

4. Tokenomics, POAP & Beta Testing For Airdrop

5. Tutorial For Paper Trading On Mainnet?

6. Conclusion

🚨Disclaimer: You’ll interact with smart contracts, so be cautious on approval transaction or interacting with dApps or smart contracts. Also this is Not a Financial Advice (NFA) and invest which you can afford to lose after doing your own research (DYOR).

💭What’s LEXER Market?

LEXER is a new decentralized exchange that enables multi-trading engines on Perpetual and Spot trading for a wide range of assets including Crypto, Forex, and NFT derivatives, aimed to provide the best trading experience there is for all users from any background.Core Features of LEXER:

• Crypto, Forex, NFT and Indices markets

• Up to 100x leverage

• High real yield liquidity providing without impermanent

• loss Advanced risk management

LEXER is allowing users to trade at zero slippage and enabling the widest range of assets to be traded.

💭How LEXER Market works?

LEXER has two core components which is Hybrid Liquidity Engine and Smart Router

Hybrid Liquidity Engine organically combines multiple liquidity models into a single trading platform which includes:

• Multi-Asset LP ( Like GMX LP )

• Synthetic LP ( Like Gains LP )

• Lending LP ( Like Open Leverage LP )

On the other hand, smart router unifies access to multiple LP engines and provides frictionless experience to users.

Thus, LEXER provides the service of doing perpetual everything!

📃Docs:

About LEXER Markets | LEXER Markets

Decentralized perpetual exchange for Crypto, Forex, NFTs & more.

docs.lexer.markets

💭Key Features & Economic Flow

In LEXER market, every position is under isolated-margin by default which means you can open any number of long and short positions simultaneously. However LEXER supports cross-margin, as well as compounding since all positions are NFT-based which means you will receive a NFT by opening or closing any Positions. And that minted NFT will have trading details like position size, amount etc in the metadata.

In every on-chain perpetual dex, oracle price is the most important thing. LEXER uses a on-demand Decentralised oracle network(DON) to fetch for spot pricing data of leading exchanges, taking the median and eliminating outliers, aggregate it into a single trust-worthy price data and submitting onto the blockchain for price execution.

Also there is keep node which will constantly compare the price fed from the DON to the Chainlink oracle price.

LEXER will distribute 70% of platform revenue to LPs & 30% to $LEX Hodlers (staked) in Ethereum ( ETH ).

💭Tokenomics, POAP & Beta Testing For Airdrop

Tokenomics isn’t revealed yet, however Q1-Q2 of 2023 is the expected time to reveal of tokenomics according to team.

Also there will be more possibility to get POAP from various event in future , not just for Beta Testing. As of now Private Beta-03 is confirmed by team and submit Paper Trading Feedback Form in order to be included into the allowlist.

Airdrop isn’t officially confirmed yet, however lets participate into the ongoing events to grab rLEX in advance!

💭Tutorial For Paper Trading On Mainnet?

Now let’s see how you can participate into LEXER Paper Trading Competition on Arbitrum Mainnet. Yes, you heard it correctly that trading contest on arbitrum mainnet.

📃Details:

However no worries as LEXER will provide paper funds to trade and only $AETH is needed for transaction fee. Follow the attached steps to have small amount like $10 or less in your wallet on arbitrum mainnet:

First sign up for the Paper Trading Competition via quest3 . Complete all social task and claim NFT on Arbitrum One mainnet.

Now ready to do perpetual trading in LEXER Market. First connect wallet using Lexer dApp:

After connecting wallet on arbitrum one mainnet, we need select our team ( Raccoon or Camelot or Rodeo ) for the trading competition. So select your preferable team as there will be bonus for top teams.

Now, we need to claim paper token where we’ll get 0.3 WBTC, 3 ETH & 3000 USDC for paper trading competition. So click on “Claim Token” button and confirm the transaction to get paper token for trading.

Finally, we’re ready to open Long/Short positions on crypto or forex. First confirm approval transaction and then type amount, leverage size to open position based the trading skill.

By scrolling down, you will see your current positions and previous trading history. To close any positions, just click “Close” button and confirm transaction.

Congrats, now just generate more PNL in order to be in the top 200 traders and get reward from 500,000 rLEX reward pools.

Don’t forget to submit Paper Trading Feedback Form in order to be included into the allowlist for next Private Beta-3.

💭Conclusion

Well done #BitByteFams & congratulations on participating into LEXER Market Paper Trading Competition and get ready for future POAP. Get the latest content by following @officialbitbyte &  @0xSMP and never miss anything!

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