EXPX.finance Whitepaper

3 min readApr 6, 2021

Market Review

In September 2020, the largest cryptocurrency exchange Binance launched its Ethereum analogue and called it Binance Smart Chain (BSC).

With about US$ 1 per swap and transactions taking no longer than 3 seconds, BSC is unbeatably cheaper and faster.

In recent months, as the value of Ether has risen to US$2,000, swap price has risen to up to US$100 per swap which has virtually paralysed exchange.

Lower transaction fee has led to skyrocketing BSC. At the moment, BSC has 2 to 3 times more transactions per second than Ethereum.

This makes BSC an attractive launch place for projects — while serious competitors still haven’t got wind of this place, its cash flow is already tremendous.

On March 18, we launched EXPX.finance on BSC.

What is EXPX.finance

EXPX is a protocol (set of smart contracts) with which you can deposit and swap tokens, similar to Balancer protocol powered by Ethereum

Balancer is Uniswap altenative / competitor / killer.

How Balancer trumps Uniswap:

You can add up to 8 tokens per pool rather than 2, and adjust weight of each token
You can create both public and private pools, also smart pools, which allow for more flexible management
Pool creators are rewarded in governance tokens weekly. Each week, 145,000 BAL tokens are distributed to contributors in proportion to created liquidity. At the current exchange rate ($45 per BAL), they distribute over US$ 6.5 million per week. Thus, creating liquidity pools in Balancer is more profitable than in Uniswap
Balancer was originally designed as decentralised community-driven protocol to be governed by voting. To do this, they distribute 100 million voting tokens to protocol users.

Balancer fast facts:

Balancer already locks up US$ 1.6 billion(!) (market leader Uniswap is locking up US$ 3.8 billion, and Balancer is rapidly catching up with it).
Balancer’s initial investors earned more than 75x (!) in less than a year.

At EXPX.finance, we replicate the proven Balancer model on BSC. BSC’s skyrocketing gives us a chance not only to mirror Balancer’s success, but to surpass it.

You are welcome to join our success and earn X’s on your investment.

Issue of tokens

Although we sometimes wanted to make some changes, we strictly followed Balancer model.

A total of 100 million tokens will be issued:

15 millions to team

10 millions private investors

5 millions to project ecosystem fund

5 millions reserved for later protocol development

65 million tokens are distributed to protocol users. Each week, 145,000 tokens are distributed in proportion to contributed liquidity. This distribution will last about 8.5 years to distribute governance tokens to as many contributors as possible to make protocol truly decentralised not on paper, but in practice.

Strategy and roadmap

Our aim is to be the swap volume leader in the BSC

To do this we have to create a number of pools with swap conditions better than our competitor ones (Pancakeswap, Bakeryswap).

So we need pools with minimal gas transaction fees, swap fees, and slippage.

Roadmap:

Q1’21

Connect TheGraph node to BSC
Lounch EXPX protocol on BSC mainnet
Attract initial liquidity to the pools
Launch token swap and Smart Order Routing
Start governance tokens distribution on a weekly basis (we are here)
Initiate seed investment round

Q2’21

Pass an independent smart contracts audit
Build partnerships with DEX aggregators (like 1inch)
Build partnership with existing farm projects
Launch our own farm projects on EXPX pools

Q3’21

Initiate round A financing for $10 million (for 10% of the total volume of our tokens)
List our token on exchanges
Develop contributors community. Launch a program to encourage third-party projects integration with EXPX (a separate token fund is allocated for this stage)

And one last thing

Do you know why our protocol is called EXPX?

EXPX stands for exponent (exp)^X.

We are called that because eX grows faster than 10x!