Thread by @verumcapital

$VELA did 30X after it migrated to Arbitrum.

@RoseonExchange $ROSN is migrating to Arbitrum and rebranding to $ROSX in the process.

7 REASONS why this next-gen perp DEX could experience impressive growth in 2023

🔥 HOT PROJECTS SERIES - Thread 1 🧵 👇

Welcome to a new thread series: 🔥 HOT PROJECTS!

Lighter than our DEEP DIVE series, HOT PROJECTS is focused on projects showing both FA potential and short-mid term hot catalysts.

Less comprehensive but more alpha-focused!👇

Some key points:

1. This thread is for educational purpose only. NFA, DYOR
2. We don't hold any $ROSN / $ROSX token neither are invested in this project
3. Improve your #DYOR game. Have a look at our free template below!

Let's go 👇

https://twitter.com/verumcapital/status/1619983069355692033

What is @RoseonExchange?

It's a whole ecosystem that will be powered by $ROSX token.

2 components:

1️⃣ RoseonX perp DEX: gamified derivatives exchange (launch in Q1, 2023)
2️⃣ Roseon Mobile App: all-in-one crypto trading & earning mobile app w/ launchpad, games & marketplace

REASON 1: Arbitrum migration

It's no news Arbitrum is the hottest chain, by far:
🔹Growing users
🔹Flourishing ecosystem
🔹Strong community
🔹TVL is mooning. 4th chain with a current TVL of almost $2b

So BSC -> #Arbi migration is a HUGE growth booster for $ROSN

REASON 2: @RoseonExchange perp DEX functionalities

Perp DEXes is a hot narrative on its own. And it is here to stay: people want full custody of their own assets.

$ROSX is trying to push perp DEX boundaries by including a wide range of functionalities 👇

Some of them are:
🔹Gamified experience (staking, trading & DeFi)
🔹Multichain swaps & bridges
🔹Trailing stops, automated trading
🔹Single sign-on (1 login for all platforms)
🔹1 click, fast-trade execution

Enough to steal $GMX, $GNS, $VELA & $KROM market share? Time will tell!

REASON 3: Roadmap & catalysts

$ROSX will have a busy 2023. Some key catalysts:
🔹Q1 2023: $ROSN → $ROSX migration
🔹 Q1 2023: RoseonX alpha release (swap, derivative exchange, liquidity program
🔹Q2 2023: RoseonX trailing stops
🔹Q4 2023: AI trading bot, Beta release
...

REASON 4: Valuation

Roseon is currently sitting at $6m market cap, which still gives it lots of room for growth if team delivers.

NB: tokenomics, vesting and allocations will change with $ROSN → $ROSX migration. Carefully study & understand it! Link:

https://twitter.com/1394259893138378753/status/1630534169049587716

REASON 5: Active users

Roseon App adoption numbers are surprisingly good for a small cap:

🔹20k+ Daily Active Users
🔹350k+ app downloads
🔹100+ pools opened on Roseon App

NB: @RoseonExchange is a BNB Chain Star Accelerator Vietnam winner

REASON 6: Building in bear market, pivoting & recovering

@RoseonExchange team continued its building efforts during bear and eventually pivoted towards perp DEX & Arbitrum.

This shows team stays open to change, when needed.

Is chart trying to U-shape recover? Time will tell!

@RoseonExchange REASON 7: Strong community

In crypto, community plays a central role in a project price performance.

Engagement levels on $ROSN / $ROSX related posts are high, and this is a healthy sign.

Bigger CT accounts like @TheDeFISaint are beginning to tweet about Roseon.

https://twitter.com/1163177663831445508/status/1627959484738945025

CONCLUSION

We think $ROSX has great potential!

But never forget to DYOR before taking any decision.

The points we'd suggest to check extensively:
🔹New $ROSX token metrics
🔹Is there space for another perp DEX on Arbi?
🔹What key features does it bring in the perp DEX space?

That's all for this thread! If you 💙ed it:

1. Follow us at @verumcapital
2. Like and retweet the initial tweet:

https://twitter.com/verumcapital/status/1630840886245437448