Next-Gen On-Chain Transaction: KiloEx Introduces Coin-Backed Smart Contract Trading Model

Source: KiloEx

The year 2025 is destined to be extraordinary for web3. Despite Bitcoin still hovering around $100,000, meme coins on centralized exchanges have repeatedly hit new lows. With US President Trump issuing a TRUMP token on Solana named after himself, quickly soaring to a market cap of hundreds of billion dollars, on-chain funds and players have once again reached a new scale. Various signs indicate that Web3 is undergoing an unprecedented transformation, with "on-chain" replacing CEX, becoming the "ground of contention" almost universally embraced by all Web3 communities.

As a perpetual contract DEX invested by YZi Labs (BinanceLabs), KiloEx currently supports contract trading for over 100 assets. Users can trade a variety of tokens on-chain with leverage ranging from 2 to 125, including mainstream assets like BTC, ETH, SOL, AI tokens like ACT, VIRTUAL, Ai16z, as well as various meme coins like TRUMP, BRETT, BONK.

Furthermore, KiloEx supports multiple chains such as BNB Chain, opBNB Chain, Base, Manta, with its TVL and trading volume ranking first on the opBNB and Manta networks, with TVL on Base exceeding $15 million and total TVL surpassing $50 million.

Despite achieving some commendable results, KiloEx has not stood still. Recently, KiloEx has pioneered a new coin-based on-chain contract trading model and in collaboration with the Revox project, has introduced the REX token as the first use case under this model.

Let's take REX as an example. REVOX is the AI Agent Framework project at the core of the BNB Chain ecosystem, providing a complete solution for developers and users to support DeFAI, AI asset issuance, and AI Agent creation.

First, REX token holders connect their wallet to the KiloEx platform, select REVOX - BNB Chain, and can then see the currently tradable token types on the left side of the trading page, including BTC, ETH, SOL, BNB, and REX. On the right side of the page, users can use their REX from the wallet as collateral for the contract, while also choosing leverage ranging from 2 to 125 to go long or short on the aforementioned assets. This process requires users to have some BNB in their wallet for gas fees. After closing their position, their profit or loss is settled in REX, and the platform's fee is also in the REX token itself.

REX token holders can not only use the token as collateral for contract trading, but also stake REX in the REX vault on KiloEx to earn interest income generated by traders' fees and P&L, and this income is settled in REX as well.

Undoubtedly, the innovative on-chain coin-based contract trading model of KiloEx has enabled REX token holders to earn more income using REX, while also providing REX with a new use case in the Defi field, bringing richer functionality and broader value creation space to the REX token.

The collaboration with Revox marks the first step of KiloEx's on-chain coin-based trading model. In addition to REX, KiloEx currently supports BOX (Debox token) coin-based trading and is in talks with the Gravity team to support $G coin-based contract trading. In the future, KiloEx will cooperate with more high-quality projects to help holders of various types of tokens expand the value of their assets, allowing them to use their tokens as collateral for on-chain contract trading of multiple assets, thereby accumulating more of that specific asset in a coin-based form. In the future, a Permitless on-chain coin-based contract system will be launched, which will also provide meme tokens with more trading and usage scenarios.

This article is a contributed content and does not represent the views of BlockBeats.

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