WaterX launches Sui mainnet with multi-asset trading and beta loss refunds

The AI-native platform said users can trade perpetuals, prediction markets and tokenized stocks from one account, while beta users who migrate assets by June 22 and make a first trade are eligible for full loss compensation.

SUI

Summary

WaterX, an AI-native trading platform built on Sui, launched its mainnet on June 9, adding perpetual contracts, prediction markets and tokenized stocks, including pre-IPO shares, through a single account. The company said beta users who complete asset migration by June 22 and place a first trade in a new account are eligible for full loss compensation, and it separately said early users who recorded net losses during testing will be refunded. WaterX also said daily active traders in its beta rose about 15-fold in the six weeks after its April debut during Hong Kong Web3 Carnival.

Terms & Concepts
  • Sui: A blockchain network for decentralized applications.
  • perpetual contracts: Futures contracts with no expiry date.
  • tokenized stocks: Blockchain-based representations of equity exposure.