RoseonX Beta Mainnet Launch

October 15 update – the team has not announced a time for this launch, only that it is October 16. This time is a placeholder. There is Twitter Spaces AMA at 1pm UTC that day.

DETAILS

• Mechanics & Features
  • Roseon products include;
    • Roseon app – all-in-one crypto trading and earning mobile app with a launchpad, games and a marketplace (available on Android, iOS, web)
    • RoseonX – gamified derivatives exchange with up to 50x leverage (not launched yet)
  • 3 token system – $ROSX, $eROSX, $ROLP
    • ROSX is the primary native token
    • eROSX is vested ROSX
    • ROLP is the liquidity token, representing Roseon liquidity pool assets
  • Liquidity providers mint ROLP by depositing into the perpetual trading vault for traders to borrow from for their leveraged positions
  • $ROSX can be staked to receive a share of the platform rewards
  • $eROSX can be staked to earn rewards like $ROSX with the same reward structure
  • $eROSX can be converted to $ROSX by vesting over 12 months; $eROSX staked for vesting do not earn rewards
  • $ROLP holders receive a share of 50% of protocol fees
  • VIP loyalty program where users are awarded points based on their $ROSX holdings, trading volume or liquidity volume over last 30 days. VIP points earned grants access to benefits such as trading fee discounts, boosted staking yield, higher launchpad allocations
  • Loyalty points system where users earn Roses points for completing various activities. Roses can be redeemed for $ROSX

• Tokenomics
  • Token symbol: ROSX
  • Total supply: 200,000,000
    • 8% — Investors (25% TGE, then 3 months vesting)
    • 20% — Old holders (100% at TGE; swapping old ROSN tokens to new ROSX token)
    • 25% — Rewards/DAO (5% TGE, then 60 months vesting)
    • 15% — Treasury (5% TGE, then 48 months vesting)
    • 12% — Partnerships/community (5% TGE, then 60 months vesting)
    • 10% — Team & advisors (12 months cliff, then 48 months vesting)
  • No taxes