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Get Ready for Satoshi Perpetual Exchange

By  Satoshi App  ·  2 minute read

We’re excited to announce that NLX, a fully on-chain Bitcoin-backed Perpetuals Exchange built on Core Chain, has officially been acquired by Satoshi App as part of our mission to bring mass adoption to Web3. Bitcoin remains the cornerstone of the cryptocurrency world, and we are dedicated to making it accessible to everyone. This acquisition marks a transformative step, expanding beyond airdrops to include trading and unlocking even more possibilities on the horizon.

Trade Anything with Bitcoin

With NLX now part of Satoshi App, it will be renamed to Satoshi Perpetual Exchange (“Satoshi Perps”). Mark your calendars. The beta launch of Satoshi Perps is set for this month. This cutting-edge decentralized protocol will empower you to further unlock the full potential of Bitcoin by utilizing Bitcoin (or Bitcoin derivatives) as collateral to trade anything and everything with up to 250X leverage. Additionally, rewards for liquidity providers will be distributed in Bitcoin! Stay tuned as we prepare to roll out this groundbreaking platform.

What’s Next

1. Transitioning to Satoshi App

All NLX activities, including the website, communication, and community, are moving to Satoshi App. Stay updated by following Satoshi App on Twitter and joining Satoshi App’s Discord.

2. Withdraw-Only Mode for NLX v1

To ensure a smooth transition, NLX v1 will enter a withdraw-only mode, accessible at https://beta.nlx.trade. This allows users to close positions and withdraw liquidity as we consolidate operations.

3. Continuous Reward for Past Contributions

We value the contributions of NLX users. All past activities have been recognized and will count toward the upcoming airdrop. Stay tuned for details on how your efforts will be rewarded.

4. Satoshi Perps Beta Goes Live

This December, Satoshi Perps will be open to everyone on the official Satoshi App website at https://satoshiapp.xyz. Simply connect your wallet and start trading. 

What You Can Do Next

1. Fund Your Wallet with CORE

Top up your wallet with CORE to cover transaction fees on Core Chain or to purchase SolvBTC.CORE.

2. Get Your Bitcoin Ready

Use the CORE in your Core wallet to purchase SolvBTC.CORE on-chain through trusted DEXs, like Glyph Exchange, CoreX and Icecream Swap.

3. DYOR

Do your research on perpetual trading. It's important to understand how it works. And of course we are here to help: 

 

4. Trade on Satoshi Perps

Begin with as little as $2 in SolvBTC.CORE collateral to experience the platform and earn a trading bonus. More details will be revealed soon.

Let’s Build the Future Together

This acquisition is a significant step forward, but it’s just the beginning. We’re thrilled to welcome NLX users to the Satoshi App community. Let’s shape the future of trading together.