What features does Bitsfull offer?

Bitsfull offers three core feature systems: · Professional Trading System - Spot and futures trading based on real-time market data, including perpetual contracts, leverage, options trading, etc. · Intelligent Trading Ecosystem - Through AI Trading, copy trading, trading competitions and beginner tutorials, help users lower the trading threshold and quickly grow into professional traders · Gamified Incentive Mechanism - Invitation rewards and team mining system, allowing users to earn rewards while learning to trade, promoting rapid community growth

Why start with a simulation platform?

Bitsfull adopts a "simulation first" strategy, based on three main considerations: · Lower User Threshold - Provide a risk-free learning environment, allowing beginners to familiarize themselves with cryptocurrency trading without financial losses, developing trading skills and habits · Rapid Product Validation - Test trading systems, matching engines and risk control mechanisms in an environment without real capital risk, quickly iterate and optimize product experience through user feedback · Build Compliance Foundation - Simulation platforms can launch without financial licenses, giving the team time to apply for exchange licenses while accumulating millions of users, preparing for real trading launch

What can $BITS be used for?

$BITS has different use cases at different stages: Current Stage (BITS Points): · Top up to purchase for simulated trading · Participate in team mining to earn rewards · Current invitation numbers, BITS top-ups, trading activity, etc. will be used as weights for future token initial distribution Future Stage (Platform Token): · Trading Discounts - Hold $BITS to enjoy trading fee discounts · Membership Benefits - Stake $BITS to upgrade VIP level, unlock exclusive features · New Token Subscription - Priority access to platform IEO/Launchpad new token offerings · Community Governance - Participate in platform major decision voting · Staking Mining - Lock tokens to earn passive income · Airdrop Rewards - Enjoy regular airdrop benefits $BITS will achieve deflation through buyback and burn mechanisms, building a complete tokenomics closed loop.

What's the current funding progress?

Currently well-funded, no financing needed. Will introduce heavyweight strategic investors later based on project development needs.

Today, Viewtran Group opened on the Sci-Tech Innovation Board at ¥49.5, with a market capitalization of approximately ¥3.3 trillion. In the first minute of trading, the CXMT perpetual contract on TradeXYZ was priced at ¥48.11, resulting in a 3% difference between the two.

An on-chain market running 12 days in advance almost hit the spot market's opening price.

Final Fifteen Minutes

The CXMT perpetual contract started at $5 and surged to $8.09 nine hours later, only to retrace back to $6.01. On the eve of the listing, the contract price remained at $6.44, equivalent to ¥43.6, representing about a 12% difference from the next day's opening price.

The actual price convergence occurred after the exchange released the indicative equilibrium price. In the final 15 minutes before opening, the contract's trading volume reached $14 million, pushing the price rapidly to $7.11, equivalent to ¥48.11. Viewtran Group's spot stock opened at ¥49.5. During the morning trading session, the gap between the perpetual contract and the spot market further narrowed to about 1%.

These were not a few small trades with low liquidity that luckily guessed the opening price. Before the opening, the CXMT perpetual contract accumulated $178 million in trading volume, with a total of 7,144 wallets participating. The market's open interest in the last week nearly tripled to $77 million.

The price went through a sharp rise, retracement, and last-minute repricing, with the market continuously adjusting the answer in earnest.

Pricing Exceeded Team's Expectations

Following the results announcement, tradexyz's founder, Shoku, stated that the price discovery experiment for CXMT was "better than expected." Team member @0xmev later commented that the opening trading price almost perfectly matched expectations, saying, "I was also very surprised."

However, the precise opening pricing did not eliminate traders' divergence on Viewtran Group's stock price.

According to Allium's data, prior to the opening, 91% of wallets with a profit history in the CXMT market were short, with two large wallets collectively holding $16.8 million in short positions. After the opening jump, the group of addresses on Hyperliquid trading profits exceeding $100,000 continued to increase their short positions from $24.2 million to $25.7 million. The top five CXMT holders all chose to counter-trend by adding to their short positions.