Hxro Brings its Gamified Crypto Trading Platform to Nervos Nervos Network – Medium

Hxro Brings Its Gamified Crypto Trading Platform to Nervos

Nervos and Hxro logos

There’s long been a link connecting video games and cryptocurrency. The virtual element present in many games has helped gamers grow accustomed to using digital currency to buy skins, mods and other gaming enhancements, so buying and trading crypto comes naturally for them.

That’s why we’re pleased to announce our latest collaboration with Hxro, the gamified crypto trading platform that offers users new and innovative ways to play the markets. Building on Nervos will allow Hxro to bridge its centralized trading platform with its upcoming roster of DeFi products for the Asian marketplace, beginning with a fully decentralized version of its core pari-mutuel market.

Hxro platform

How Hxro is building on Nervos

Hxro will adapt its existing trading platform with a new UI and feature set to provide Asian users with a truly localized user experience. The Asia-adapted platform will borrow many of the core features already popular with Hxro users like ‘MoonRekt,’ a gamified trading system that lets traders take bullish or bearish positions in widely-traded, standardized time frames.

To achieve true decentralization at scale, Hxro will build and launch its new products on Nervos to leverage its unique layered architecture. The Nervos layer 1, a Proof of Work-based public blockchain, will provide Hxro with a trustless environment ideal for asset and data security. Assets will be verified and all data stored on the layer 1 blockchain. Nervos’ layer 2 will enable Hxro to remove transactions from the core layer for greater efficiency and limitless scalability. All user transactions will take place on the Nervos layer 2. With this layered approach, Hxro will be able to run its products efficiently on chain without compromising security or scalability.

By operating critical functions on the blockchain, Hxro’s Asia-focused trading platform will better preserve user security and privacy while also providing greater transparency with all transactions recorded on chain. As the platform scales, decentralization will ensure there is no single point of failure.

For the Nervos community, a core feature of the collaboration is the decentralization of Hxro liquidity pools across multiple networks. Nervos CKB holders will benefit from liquidity that already exists across the current Hxro pari-mutuel marketplace.

Pushing the future of DeFi forward through collaboration

Hxro provides a unique example of a centralized trading platform bridging DeFi solutions to create a trustless, secure and scalable solution for its global user base. This is the first in a planned series of product releases for Hxro designed specifically to bolster its Asia user base.

CEO and co-founder of Hxro Dan Gunsberg shared his excitement about bringing Hxro’s innovations to the Asian crypto market.

“Asia’s strong gaming and trading culture coupled with the region’s growing crypto adoption makes it an especially attractive market for our next expansion. Building on Nervos marks the beginnings of our mission to introduce fully on-chain Hxro products to the China and Southeast Asian marketplace.”

Nervos co-founder Kevin Wang shared his thoughts on how Hxro and Nervos’ collaboration could make DeFi more accessible for a wider audience.

“The DeFi space is ripe with opportunity, but there are still some roadblocks to widespread adoption like the complexity of solutions currently on the market. Similar to Hxro, we believe designing DeFi products to be more approachable for the mainstream audience is an important step in moving the industry forward, so Hxro is an exciting addition to the Nervos ecosystem.”

As China’s leading blockchain project, Nervos has deep roots in the region, which is especially helpful for the Hxro team as they continue to expand their presence in the region.

“The entire team at Nervos has been extremely impressive; far and away some of the most talented engineers we have worked with to date,” Gunsberg added. “Their reputation in the region is unparalleled and we are excited to scale the Hxro offering through their technology.”

As Hxro continues to build and expand its product offerings via the Nervos blockchain, we’ll release more updates.

To learn more about Hxro, visit their website or follow them on Twitter.

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Hxro Brings its Gamified Crypto Trading Platform to Nervos was originally published in Nervos Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

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