PriveX Launches on COTI, Pioneering Intent-Based Trading with Privacy Focus
PriveX has officially debuted on the COTI platform, marking a significant advancement in intent-based trading while prioritizing user privacy. This decentralized exchange, known as a Perpetual Decentralized Exchange (Perp-DEX), aims to accommodate various on-chain applications, including automated trading facilitated by artificial intelligence (AI). The introduction of PriveX to COTI’s mainnet introduces a robust new tool that allows users to engage in perpetual trading while taking advantage of the network’s inherent privacy features.
Decentralized Architecture with Centralized Exchange Experience
PriveX is crafted to deliver a trading experience similar to that of centralized exchanges (CEX), yet it operates on a completely decentralized framework. By utilizing private infrastructure, it safeguards users against potential risks, such as front-running, where other traders exploit market movements to their advantage. Users can engage in both manual and AI-driven autonomous trading. The platform’s unique execution system adapts liquidity sourcing in accordance with traders’ directives, enabling trades to be initiated and completed based on favorable market conditions. This process is managed by a backend solver network powered by Symmio, which aggregates liquidity from a blend of centralized and decentralized platforms, including Binance.
Significance of the Launch Highlighted by COTI’s CEO
Shahaf Bar-Geffen, CEO of COTI, emphasized the importance of this launch, stating, “PriveX embodies the innovative spirit we foster at COTI, merging privacy, efficiency, and artificial intelligence to meet genuine trading requirements. This launch represents a significant milestone for both COTI and the DeFi sector.” As the first decentralized exchange utilizing Garbled Circuits technology, PriveX leverages COTI’s privacy infrastructure to provide users with a secure and streamlined trading experience. Unlike conventional DEXs that disclose all trading actions, PriveX maintains trader confidentiality, safeguarding strategies and minimizing slippage. Users can trade over 300 cryptocurrency pairs with high-quality execution, liquidity based on intent, and comprehensive on-chain privacy.
Reward Program for Early Adopters
In celebration of its launch on COTI’s mainnet, PriveX has unveiled a reward initiative aimed at early users. Traders can accumulate both PriveX points and SYMM tokens, which will be pivotal for upcoming airdrops and rewards within the ecosystem. Those who deposit a minimum of $250 into PriveX will receive 1,000 PriveX points, and a forthcoming trading competition will further enhance the rewards available to participants.
Future Enhancements and Features
With its Perpetual DEX operational on COTI, PriveX is focusing on introducing new features, including a portal for AI agents that will empower users to leverage advanced trading strategies. Moreover, the platform intends to deepen the integration of COTI’s privacy capabilities to improve user experience and safeguard proprietary trading methodologies. PriveX stands as a next-generation DeFi and AI platform situated at the confluence of privacy, intent-driven execution, and autonomous trading.
Empowering Users with Advanced Privacy Technology
PriveX enables users to deploy autonomous trading agents on an integrated DEX with liquidity levels comparable to centralized exchanges, all while ensuring complete privacy and permissionless access. Leveraging COTI’s privacy technology and intertwined with Symmio’s sophisticated settlement framework, PriveX creates a cohesive environment where strategies can be tokenized, agents operate independently, and users maintain full command over their trading activities. This platform sets the stage for a transformative era in intelligent, composable, and censorship-resistant finance.
COTI: Leading the Charge in Privacy Solutions for Web3
COTI is recognized as the fastest and lightest privacy layer within the Web3 ecosystem, driven by the innovative cryptographic protocol known as Garbled Circuits. COTI offers the most sophisticated and compliant approach to data protection on public blockchains, laying the groundwork for the next wave of innovation and adoption in Web3. This advancement opens up a multitude of possibilities, including confidential transactions, artificial intelligence applications, decentralized finance, and decentralized identification, among others.
