HXRO is a cryptocurrency trading platform designed for derivative contracts. It distinguishes itself by integrating traditional financial market elements with social gaming, aimed at making trading both more accessible and engaging. The platform caters to cryptocurrency enthusiasts by offering simplified trading through various innovative features like parimutuel betting.
HXRO operates on both the Ethereum and Solana blockchains, initially launching on Ethereum and migrating parts to Solana for better performance. The platform utilizes smart contracts to facilitate trading and risk management, tapping into real-time cryptocurrency pricing data. Technologies like parimutuel betting allow users to pool positions, with winnings distributed among successful participants, adding a social gaming dynamic to financial trading.
HXRO’s use cases focus primarily on derivatives trading and betting:
Launched in 2018, HXRO was founded by a team with deep backgrounds in trading and technology. Significant milestones include a seed funding round and platform beta launch in the same year. Over time, HXRO has evolved from a social gaming platform into a dynamic network for derivative trading, benefiting from strategic partnerships and adopting Solana for improved scalability. The ecosystem has rapidly expanded to include various innovative products and retains a strong market presence globally.