Nikolas Sargeant
Luzern (Switzerland), March 29, 2024 – INTMAX, creator of the Ethereum scalability solution Plasma Next offering near-zero gas fees for nano-transactions, announces a collaboration with IdeaSoft, a Sigma Software Group member specializing in fintech blockchain apps. IdeaSoft will develop a perpetual decentralized exchange (DEX), named JIBx, on Plasma Next, promising zero transaction fees, 250X leverage, and on-chain matching with off-chain settlement. JIBx, leveraging Plasma Next's state growth solution, aims to revolutionize DEX technology, merging convenience with security.
INTMAX Plasma Next, born from the Plasma concept by Joseph Poon and Vitalik Buterin, resolves blockchain scalability issues with zero-knowledge proofs, enabling constant state growth without online vigilance. Recently, collaborating with ETH Samba, INTMAX introduced nanoMoney.js, facilitating microtransactions as low as $0.000000001 in DAI, showcasing Ethereum's scalability.
Andrey Lazorenko, IdeaSoft's Co-founder and CEO, praises INTMAX Plasma Next for its potential to accelerate project development and user adoption. Leona Hioki, INTMAX Co-founder, lauds IdeaSoft's expertise, foreseeing exceptional product creation.
JIBx leverages Plasma Next for settlement and account layers, ensuring privacy, low fees, security, and scalability. Featuring an on-chain limit order book with black-red tree sorting, JIBx promises reduced costs and increased transactions per second, setting a new DEX standard.
This pioneering DEX combines centralized exchange convenience with decentralized integrity. Key features include near-zero fees, efficient funding rates, bootstrapped re-staking, stablecoin and LST staking pools, and high-leverage perpetual swaps.
INTMAX's support for IdeaSoft's JIBx development signals commitment to Plasma Next's growth and blockchain innovation, fostering a more accessible and efficient decentralized finance landscape. Plasma Next, redefining scalability and privacy, propels blockchain development into the future.
