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Home All Events - Ape O'Clock RoseonX Beta Mainnet Launch

Date

Oct 16 2023
Expired!

TimeUTC

2:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Oct 16 2023
  • Time: 10:00 am

Status

Active

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

    Blockchain

    Arbitrum

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