Question 1

What is backx.trade?

Accepted Answer

backx.trade is a hedge and issuer trading platform on Robinhood Chain, built by GAZZFUN LLC. Traders hedge a coin (profit when its price rises) with multiplication. Issuers supply USDC that backs those hedges.

Question 2

What is a hedge with multiplication?

Accepted Answer

A hedge buys real tokens worth your margin times the multiplication. You pay exactly the amount you enter; fees come out of it. At 5×, $100 opens a position of about $482; issuers lend the rest. If the price falls to the liquidation price the position is closed and issuers are repaid first. You can never lose more than you paid.

Question 3

What does an issuer do?

Accepted Answer

An issuer supplies USDC to a coin's USD reserve on the Issue Reserve page. That USDC is lent to hedges and comes back first when they close. Issuers earn a borrow fee, a share of gains and a share of what is left after a liquidation. Earnings are not guaranteed.

Question 4

What does it cost?

Accepted Answer

You pay exactly the amount you enter. Fees, including a small gas amount for the keeper that closes positions, are taken out of it once when the position opens. There are no funding fees.

Question 5

Is backx.trade self-custodial?

Accepted Answer

Yes. Every user gets their own embedded wallet. Deposits go straight to it and withdrawals go to an address the user types in.

Question 6

Which blockchain does backx.trade use?

Accepted Answer

Robinhood Chain, with 20+ chains planned. Positions settle on-chain in open contracts owned by a multisig (Safe). The swap portal also routes same-chain swaps on Ethereum, Base and BNB Chain.

Question 7

What is $GAZZ?

Accepted Answer

$GAZZ is the core token of BackX, part of the gazz.fun ecosystem. A 2 % holders fee on every hedge goes on-chain to gazz.fun, so BackX shares its revenue with the ecosystem's holders. Contract on Robinhood Chain: 0x08a5d78a4bc7754e8aff87b4509e007baeb685f3. Holding $GAZZ is not a promise of returns.

Question 8

Which chains does BackX support?

Accepted Answer

Robinhood Chain first, plus Ethereum, Base, BNB Chain, Arbitrum, Optimism, Polygon and Avalanche, with 20+ chains planned. Coins from other networks are listed through their wrapped token on one of these chains.

Question 9

Where is the BackX app?

Accepted Answer

The app runs at app.backx.trade. It is in private beta; anyone can sign up through Participate on www.backx.trade to be first in line.

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$GAZZ