20Exchange (20EX) is a comprehensive cross-chain inscription trading protocol that seamlessly aggregates liquidity from various trading platforms across different blockchain networks. It establishes a large cross-chain trading aggregator that spans networks, platforms, and assets.
How does 20Exchange work?
20 Exchange as a multi-chain inscription aggregation trading protocol, has several key features that makes it a valuable addition to the entire inscriptions ecosystem.
DEX aggregator:
As an inscriptions aggregator, 20 Exchange searches multiple DEXs and inscriptions marketplace to find the best trading path for a specific trade. By splitting trades across different DEXs, it minimizes price slippage, especially for larger trades that can significantly impact the liquidity of a single DEX.
Liquidity protocol:
The 20 Exchange liquidity protocol allows anyone to provide liquidity and receive fees from traders. It uses a unique "virtual balance" mechanism to help reduce impermanent losses for liquidity providers.
Governance token:
20 Exchange has its own governance token, the 20EX token. 20EX token holders can participate in the governance of the platform and vote on various protocol parameters.
The Importance of 20EX in the inscriptions ecosystem
- Access multiple DEXs: 20EX’s aggregators allow users to access multiple DEXs from a single interface, which can improve liquidity and price discovery capabilities.
- Improved arbitration: 20EX’s aggregators allow users to compare prices across multiple DEXs, allowing users to find the best price for their trades.
- Convenience: 20EX’s aggregators save users time and effort by providing access to multiple DEXs from a single interface.
- Reduce slippage: 20EX’s aggregators can split transactions across multiple DEXs to reduce slippage caused by low liquidity on a single exchange or marketplace.
20 Exchange features
Pathfinder Routing Algorithm:
20EX helps users quickly find the best token exchange path using Pathfinder routing. It splits transactions into sub-transactions across protocols and order depths, ensuring optimal rates. Pathfinder reduces transaction failures with partial and dynamic filling mechanisms. If the rate changes unfavorably, specific branches can be canceled, allowing only favorable branches to proceed. Dynamic filling redistributes amounts from unfavorable branches, ensuring completion at the disclosed rate.
Zero-Fee Limit Order Functionality:
Users' limit orders, added to a 20 Exchange centralized database, can be written by any user, including CEX and Pathfinder-created orders. Recipients of limit orders also include gas costs, making it a zero-fee order. This implementation supports dynamic pricing, user-defined execution conditions for conditional quotes, and RFQ tailored to order sizes.
20EX airdrop commences!
20 Exchange recently announced the 20EX token airdrop. This program is designed to benefit and reward users holding ORDI and SATS, as well as those actively involved in transactions with these tokens. To ensure equitable distribution, 20EX will be taking snapshots regularly of wallets with a value exceeding 1,219,512 sats, with the snapshot period starting December 13th.
20 Exchange airdrop details
Users holding ORDI and SATS can claim the airdrop on the 20EX website. In every round, a total of 2,000 addresses can claim the airdrop on a first-come, first-served basis as long as snapshot requirement is met.
Steps:
- Access 20EX’s website and click into the airdrop page: https://20ex.io.
- Connect your wallet.
- Claim the airdrop.
This points-based airdrop activity is divided into 5 rounds, distributing a total of 10,000 shares, with 2,000 shares allocated per round. Each round lasts for 2 days. In the first round, 100% of the airdrop quota will be distributed to eligible users; in the second round, 80%; third round, 60%; fourth round, 40%; and in the fifth round, 20%.
Example:
User A and User B are both ORDI and SATS holders who are eligible to claim 100 20EX tokens each. User A claimed his airdrop in round 1 while User B claimed his airdrop in round 2.
In this case,
- User A will receive 100 20EX airdrop (100 20EX * 100%).
- User B will receive 80 20EX airdrop (100 20EX * 80%).
*Note: Each user will only be able to claim the airdrop once. After the snapshot concludes, participants can claim their rewards on the 20EX website.
20 Exchange interact-to-earn guide
Embark on a rewarding journey with 20EX’s quests, featuring both daily and one-time tasks. Additionally, boost your points by successfully inviting friends to join in on the Interact-to-Earn event.
Follow these steps to get started:
- Visit the official 20Exchange website and access the activity page: https://20ex.io.
- Connect your wallet securely.
- Complete the tasks officially released on the platform.
- Click on "Verify," and upon successful verification, watch your points accumulate.
These earned points can be used to redeem mysterious rewards on 20EX. Act promptly to complete the verification process and set out on your journey to rack up points!