Crypto casino platform Rollbit launched a centralized crypto exchange – Degen EXchange – last month and announced three new collaboration partners.
Rollbit Co-founder Lucky (@Lucky_Rollbit) outlined the new partners — @cryptocevo, @ChrisRomanoC, and @KaminoCrypto.
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New Partnerships
“It’s time to take our Degen EXchange to the next level, furthering our goal of becoming the all-in-one crypto platform! Over the coming weeks we’ll be listing a wide variety of assets with heavy focus on improving our AMM functionality to ensure we have strong liquidity for all coins. Concentrated liquidity pools will be released soon,” he said.
Another Rollbit Co-founder, Razer (@Razer_Rollbit), confirmed the news in a tweet:
Degen EXchange just got a whole lot better!
We’re excited to be working closely with @cryptocevo, @ChrisRomanoC & @KaminoCrypto to make significant improvements to our “DEX” product.
Watch this space! 🤝 https://t.co/L858cqMbgO
— Razer (@Razer_Rollbit) September 12, 2023
One of the newly onboarded partners, Cevo (@cryptocevo), gave details about the scope of the partnership in a tweet on September 12. “Rollbit has taken the decision to allocate significant resources to the development of their spot exchange Degen Exchange, specialized in on-chain native coins… Rollbit wants to make their Degen EXchange the alpha place to trade the best tickers with the biggest liquidity on the pairs,” he said.
Rollbit is looking for promising projects, and for this purpose, it has partnered with some industry players, including Cevo, the tweet reads. Rollbit is looking to increase the exposure of its lowcaps spot exchange, Cevo added.
What Users Can Expect
According to him, users of Degen EXchange can expect a “smooth interface with features that DEX doesn’t have.” Besides, they benefit from the research by the Degen EXchange, which aims to be the “go-to place for low caps.” It promises to offer trading services without ETH fees and offer the best liquidity for listed low caps.
While collaborators will suggest and bring new projects and research support, Rollbit will have the right to decide on new projects and features to be included on the Degen EXchange DEX platform. The collaborators will be compensated for their efforts in stablecoins, not project tokens, Cevo clarified.
Degen EXchange’s Launch
Rollbit, which has been around since 2020, announced the launch of a new crypto platform with easier trading features on August 17, when Co-founder Razer said in a tweet:
“Introducing the Degen EXchange… Our goal is to become the crypto platform for everything. We further this goal with today’s release. Buying and selling tokens shouldn’t be complicated, the Degen EXchange allows users to trade tokens with ease.
We aimed to simplify the buying/selling process, while significantly increasing the liquidity for popular tokens. Degen EXchange will utilize an automated market maker system (AMM), which replaces the role of an order book. Anyone can become a liquidity provider (LP), generating income via fees as you help facilitate trading. We’re starting with the following tokens: - $RLB - $OX - $UNIBOT - $BITCOIN.”
