IntentX is an intent-based, decentralized derivatives exchange offering perpetual futures trading. The platform leverages several cutting-edge technologies, including LayerZero, a cross-chain communication protocol, account abstraction, and a zero-to-one breakthrough Request for Quotation (RFQ) architecture that addresses critical challenges in delivering on-chain derivatives.
Round | Amount | Valuation | Date | Investors |
---|---|---|---|---|
Strategic | $2M | -- | Feb 12, 2024 | |
Seed | $3M | -- | Nov 22, 2023 |
IntentX is a next-generation OTC derivatives exchange designed to revolutionize on-chain finance through an innovative intent-based architecture. It offers perpetual futures trading with over 250 tradable pairs, leveraging technologies like LayerZero for cross-chain communication and SYMMIO for seamless settlement. The platform aims to bridge the gap between decentralized and centralized trading by providing deep liquidity, lower fees, and enhanced capital efficiency, all while maintaining the security and decentralization of a DEX.
The platform recently secured $2.5 million in seed funding, demonstrating strong investor confidence. IntentX’s unique architecture eliminates the need for traditional order books or virtual automated market makers, allowing traders to express their trading intentions directly. This approach ensures efficient trade execution with minimal slippage and competitive quotes. Additionally, IntentX incorporates advanced features like cross-margin accounts, non-custodial asset management, and integrated on/off-ramps for fiat transactions.
IntentX is set to play a pivotal role in the Mantle Network, serving as its native flagship perpetual futures exchange. With a focus on omnichain deployment, the platform is designed to provide a seamless trading experience across multiple chains. IntentX also offers a "trade to earn" program, incentivizing users with xINTX rewards, and plans to launch several advanced trading tools and social trading features in the near future.