SX #63 - SX Merge, Crypto Price Markets

New SX Merch Shop and Updated UI

Aug 18, 2023

🤝The SX Merge

The SX merge will be launched in five stages over the next month. The initial stages are focused on transitioning everyone’s current staked SX to the new post-merge staking contracts. The later stages will increase fee sharing to validators (and stakers!) while onboarding more validators. SX validators will receive SX Bet protocol fees post-merge, making SX one of the first fully vertically-integrated app chain in the world. SX holders will be able to delegate their staked SX to any validators to receive a share of validator revenue.

Phase 1 August 17th: Out With The Old — Current staking yield will be turned off

Phase 2 August 21st: Scaling Fee sharing — Increase reward share to stakers to 25%

Phase 3 August 28th: Fee Sharing — Increase fee share to stakers to 100%

Phase 4 September 4th-18th: Welcome New Validators — Onboard external validator nodes

Phase 5 September 19th: The New Normal — Increase staking cooldown back to 30 days

For more information on the SX Merge check out the full article.

📈Cypto Price Markets

Crpyto price markets have officially been launched! Each asset will have fifteen (15) available betting markets: five (5) strike prices across three timespans (24 hours in the future, 48 hours in the future, and weekly markets closing each Friday). To start, SX will have crypto price betting markets on seven assets:

Bitcoin (BTC)
Ethereum (ETH)
Binance Coin (BNB)
Dogecoin (DOGE)
Solana (SOL)
Polygon (MATIC)
Fantom (FTM)

We’re also excited to launch a sleek new trading interface, including an interactive chart, a new order book design, and a countdown timer.

Bet on Crypto

👕 New SX Merch Shop

Step into the world of SX Bet like never before with our brand-new SX Bet shop! SX-branded t-shirts, hoodies, joggers, and water bottles are all available for purchase.

Shop

🆕 SX Bet’s New Design

Who doesn’t love a little colour? We're excited to introduce new gradient shading.

About SX Network

SX Network combines smart contracts with an on-chain treasury and prediction market protocol. SX Network is perfect for developers with EVM compatibility, low-cost transactions, and PoS-based consensus. SX Bet is the largest blockchain betting platform in the world, with over $355,000,000 in betting volume since its inception.