Victoria, Seychelles, September 5th, 2024,
Chainwire
Ebi.xyz, a perpetual DEX built on Arbitrium One, is
gearing up to launch a meme-related derivative product this month.
The new product, “FUD Market”, will allow traders to only short
meme tokens deployed by meme creation platforms such as Pump.fun
(and sunpump). This product would be the first short-only
perpetuals to launch as the hype around meme coins continues to
gain momentum within Web3.
Since the inception of Pump.fun early
this year, more than 2 million token addresses were created and
approximately 1.9 million meme coins were successfully deployed.
Despite the hype, success stories are rare, and many traders face
significant losses when holding these tokens. Recognizing the need
for more sophisticated trading strategies around these assets,
ebi.xyz is introducing “FUD Market” to enable traders to short meme
tokens, offering new ways to capitalize on market
movements.
By offering shorting capabilities on
meme tokens, ebi.xyz empowers traders with more tools to manage
their risk and insulate profit from market volatility. The product
gives users the ability to leverage the hype around meme tokens
that may be short-lived or to hedge their positions in a rapidly
changing market.
The “FUD Market” product will launch
later this month, building off of ebi.xyz’s points program which is
already live. Designed with trader participation at its core,
the points system is designed to reward all activities within the
ecosystem. Traders can earn points through trading, referrals, and
social interactions. Dynamic rankings and leaderboard systems are
also in the pipeline, designed to further engage and reward
participants.
About ebi.xyz
Ebi.xyz is a non-custodial limit order
book decentralized platform for trading perpetual futures.
Engineered for traders, ebi.xyz offers deep liquidity and access to
prominent new assets in the market. All trades are settled on the
Ebi chain, an Ethereum L2 blockchain powered by Arbitrum
Orbit.
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Contact
Head of PR &
Marketing
Akira
Ebi
Digital Point Holdings
Ltd
marketing@ebi.xyz