CEO of @GAZZFUN & @BACKXTRADE Been in crypto since 2016 I believe persistency & dedication always wins. 🫡
Moon Gazz
Joined January 2022
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Building BackX will be one of my best life decisions, better than buying Bitcoin in 2016 or venture capital.
Creating a trading platform is easy: a server, RPC or private node, self-custody wallet, and marketing. But that's not BackX. This is not a usual DEX.
Even though backx.trade is a DEX, everything behaves like a CEX. Trade majors, minis, and memes with leverage. How is this possible, you may ask?
We've built a new way to trade by putting Server AMM on-chain, making trades faster and more reliant. With the future of Agentic trading, we believe capital issuing is the biggest bottleneck to solve. Allowing agents to trade 24/7 independent of a server up-time is crucial.
Most see DEXes as slow and CEXes as quick, as servers use high-speed internal APIs that avoid chain congestion. But CEXes have delays too.
With our technology, you can execute trades and liquidity positions faster than any other DEX & CEX. That's why we're confident putting the first CEX market on-chain.
We have no initial launch schedule, but will have active revenue sharing with @GAZZFUN benefiting holders.
Issuers will be most rewarded on BackX. We'll be the first trading platform allowing users to share profits from leverage trading. Details will appear at launch and in our upcoming Whitepaper.
Stay tuned and always DYOR.
Here is your opportunity, so learn about validation, and soon the whitepaper is released
VALIDATORS: What is it?
Validators are the ones who make sure every trade on BackX is settled on time. Anyone can be one: a person, a bot or an AI agent. There is no sign-up and no permission needed. A validator watches the open positions. When one reaches its limit, the validator settles it on-chain. That can be a liquidation, a take-profit, a stop-loss, a short hitting its roof or a limit order that should open.
Every settlement pays the validator, in USDC. Each position sets aside a fixed $0.50 when it opens, and that always goes to whoever settles it, however late. On top comes an accuracy bonus. It is largest when the validator acts right and fast.
Example: Anna has a $1,000 Long on ETH, and ETH falls to her liquidation price. A validator spots it and settles it within a second. The issuers get their USDC back in full, and the validator earns $0.50 plus a $5.00 accuracy bonus, $5.50 in total. If it had come late, it would still have earned $1.50. Leaving a position unsettled never pays, so someone always picks it up.
The fastest and most accurate validators earn the most, and that is exactly what keeps issuers safe.
BackX will run a node of it's own validators with AI Agents on-chain aswell, but we want ordinary people to take advantage of this opportunity.
The future of trading for Agents - Capital
Podaz retweeted
robinhood:0x08a5d78a4bc7754e8aff87b4509e007baeb685f3 is one of the few real revenue plays on Robinhood Chain.
Token and NFT holders earn from StockSlot: slots, arcade, mystery boxes.
And @GAZZFUN just introduced @BACKXTRADE. CEX trading, on-chain.
Watch this one.
Podaz retweeted
What is BackX 🧵
Building BackX will be one of my best life decisions, better than buying Bitcoin in 2016 or venture capital.
Creating a trading platform is easy: a server, RPC or private node, self-custody wallet, and marketing. But that's not BackX. This is not a usual DEX.
Even though backx.trade is a DEX, everything behaves like a CEX. Trade majors, minis, and memes with leverage. How is this possible, you may ask?
We've built a new way to trade by putting Server AMM on-chain, making trades faster and more reliant. With the future of Agentic trading, we believe capital issuing is the biggest bottleneck to solve. Allowing agents to trade 24/7 independent of a server up-time is crucial.
Most see DEXes as slow and CEXes as quick, as servers use high-speed internal APIs that avoid chain congestion. But CEXes have delays too.
With our technology, you can execute trades and liquidity positions faster than any other DEX & CEX. That's why we're confident putting the first CEX market on-chain.
We have no initial launch schedule, but will have active revenue sharing with @GAZZFUN benefiting holders.
Issuers will be most rewarded on BackX. We'll be the first trading platform allowing users to share profits from leverage trading. Details will appear at launch and in our upcoming Whitepaper.
Stay tuned and always DYOR.
Podaz retweeted
What’s to come🫡
Building BackX will be one of my best life decisions, better than buying Bitcoin in 2016 or venture capital.
Creating a trading platform is easy: a server, RPC or private node, self-custody wallet, and marketing. But that's not BackX. This is not a usual DEX.
Even though backx.trade is a DEX, everything behaves like a CEX. Trade majors, minis, and memes with leverage. How is this possible, you may ask?
We've built a new way to trade by putting Server AMM on-chain, making trades faster and more reliant. With the future of Agentic trading, we believe capital issuing is the biggest bottleneck to solve. Allowing agents to trade 24/7 independent of a server up-time is crucial.
Most see DEXes as slow and CEXes as quick, as servers use high-speed internal APIs that avoid chain congestion. But CEXes have delays too.
With our technology, you can execute trades and liquidity positions faster than any other DEX & CEX. That's why we're confident putting the first CEX market on-chain.
We have no initial launch schedule, but will have active revenue sharing with @GAZZFUN benefiting holders.
Issuers will be most rewarded on BackX. We'll be the first trading platform allowing users to share profits from leverage trading. Details will appear at launch and in our upcoming Whitepaper.
Stay tuned and always DYOR.
Great read
$GAZZ might be one of the most overlooked plays on Robinhood Chain.
Current MC is sitting around $200k
I've been digging deeper into @GAZZFUN, and the more I research, the more bullish I become on what they're building.
This isn't just another token driven by hype. There's already infrastructure, working products and reported revenue behind it.
Here's what caught my attention:
🔹GAZZ.FUN Tokenised investment funds, asset baskets and launchpad infrastructure.
🔹 BackXTrade A new trading platform being developed under GAZZFUN LLC, with the potential to become a major catalyst.
🔹 GazzUSD ($GUSD) A stablecoin initiative aimed at supporting trading and prediction markets.
🔹 Prediction Markets & StockSlot Additional products creating opportunities for platform activity and fee generation.
The tokenomics are particularly interesting.
A published mechanism directs qualifying platform revenue toward $GAZZ buybacks and burns, alongside rewards for eligible holders.
Now, the team.
CEO @cryptopodaz recently addressed the community directly, making it clear that BackXTrade won't be rushed simply to satisfy short-term expectations.
Instead, the focus is on development, partnerships and long-term execution.
That's the kind of mindset I like to see from a founder.
The team has also made smart contracts and technical documentation publicly available, providing something tangible to evaluate while independent audits remain an important next step.
Here's where I see the opportunity.
If BackXTrade successfully launches, GUSD gains adoption and additional trading activity translates into $GAZZ buybacks, the long-term token economics could become compelling.
Of course, execution remains the deciding factor, and there's still plenty to prove.
But the foundations being laid here deserve attention.
I'm bullish on the vision, watching the execution and genuinely interested in where this goes.
Sometimes the most interesting opportunities are the ones the wider market hasn't noticed yet.
$GAZZ 🚀
We see every single one of you. We also see the $GAZZ price falling, and we want to be clear: we don't control the price.
As CEO of @GAZZFUN, I also work with businesses outside crypto, not only on-chain. Through all of it, we are building @BACKXTRADE every single day.
Going forward we will do things differently. We will not rush the launch of BackX. If that tests some people's belief, that is a cost we are willing to take.
For a long time we listened closely to the community, and much of the feedback was genuinely good. But it also created an image of GAZZFUN as a team that ships around the clock. What most people don't see is the work behind the scenes: hiring developers, meeting partners, and planning the strategy.
That is why we have decided to keep our heads down and focus on building, marketing and strategy for a longterm vision
GAZZFUN and BackX both sit under GAZZFUN LLC. While we build BackX, we are moving @GAZZFUN to regular X Premium until backx.trade launches.
To every holder: we appreciate each one of you, and everything we do, we do for you.
Podaz retweeted
The idea behind BackX: put your capital to work!
Start with the DEX pools. You can issue capital into liquidity pools that trade on DEXs like any other pool, and your capital earns from every trade that flows through them. One login, every pool managed from one place.
Your capital is not stuck on one chain either. BackX is built for multiple chains: Robinhood Chain, Ethereum, Base, BNB Chain, Arbitrum and more. The coins you care about can be backed wherever they trade, from blue chips to the memes everyone is watching.
And at the heart of it all is Hedge & Issue trading. When you issue into a BackX reserve, your capital backs traders who use multiplication on their positions.
For the first time, issuers sit on the other side of trader activity and can profit from it in both directions. When a trader’s position goes up, issuers share in the gain. When it goes down, the position is closed early, issuers are paid back first and take a share of what is left.
BackX wants to change how multiplication trading is done. Today it mostly happens on centralized exchanges, where the exchange takes the other side of every trade and keeps what is left when a position is liquidated. On BackX it runs on-chain, in open contracts, and the other side is you. When a position hits its liquidation point, it is not the exchange that collects, it is the issuers.
Issuers get the biggest rewards, and platform revenue flows back into @GAZZFUN and its holders.
Welcome to the future of trading!
BackX will also have issuing of DEX pools.
Soon you will be able to issue liquidity pools directly on backx.trade, built on the same pool technology as @Uniswap and @PancakeSwap. Pools you issue on BackX can be traded on DEXs, while you manage everything from one place with the same simple login.
More on how it works, the pools and launch soon.
Issuers will get the biggest rewards, from platform revenue it will flow back into @GAZZFUN and its holders.
Podaz retweeted
StockSlot just got replay feature!
View other players top wins or your own!
This user went from 0.25$ to 309.94$ in one bonus round on Gold Rush Sheriff!🤑
House edge gets shared with robinhood:0x08a5d78a4bc7754e8aff87b4509e007baeb685f3 holders and VIP players weekly! The first Slots that pay holders!
Lets build🤝
BackX is currently working on the issuing contracts, after that we will request app listing on @AppStore
Trading should not just be profiting the exchanges, also the users. That’s what Hedge & Issuer trading on backx.trade will solve.
More to the people!
BackX will be the trading platform everyone says was obvious in a few months.
It really is that obvious…
We are currently building backx.trade under the umbrella of GAZZFUN LLC.
BackX Trading will be the first multi-chain trading platform where users get the option to earn steady and risk-free yield, along with taking risks.
Every hedge, every risk-free issue, will feed into the robinhood:0x08a5d78a4bc7754e8aff87b4509e007baeb685f3 ecosystem, and reward their users along with giving exponential revenue opportunities to our traders!
This has never been done before, for the first time we will allow the normie trador to join the hedge!
DYOR
Podaz retweeted
Here is why $INDEX payouts went from every 15 minutes to every few days. Straight from the chain.
How it works:
3% of every $INDEX trade goes through a fee hook into the StockTreasury.
The treasury buys 18 different stock tokens.
A keeper wallet pushes those stocks to every holder above 10,000 $INDEX.
The last step is the heavy one.
About 4,100 wallets qualify. Every round sends 18 stocks to all of them, 25 wallets per transaction. That is around 165 transactions and roughly 70,000 token transfers per round.
Meanwhile the money coming in collapsed. In mid July the treasury spent 427 ETH of fees in a single week. By late September it was 6.8 ETH.
So rounds now wait for the pot to build up: Oct 7, Oct 9, Oct 10, Oct 14 and today. One round in early October stopped halfway and only finished five days later.
The keeper is not broken. It still holds 3.1 ETH for gas and has sent over 112,000 transactions.
This is the same kind of holder distribution we run on $GAZZ. The difference is what we pay in. We pay holders in ETH. One asset means one transfer per holder instead of 18, so a round is a fraction of the transactions and gas, with fewer things that can stall halfway.
Every number here is public. Contracts:
$INDEX token: 0x56910D4409F3a0C78C64DD8D0545FF0705389870
Fee hook: 0x2cD91bD228ff4c537031d6b8204782090c84c0cC
StockTreasury: 0x1604Ff11dFeAaC437077aEDA2FA492ac9EC804dF
Distributor: 0x39ADB8acD07427D338b5f1AfAb436A04AbFdB7c4
Keeper: 0xd47a8db8a164f57fc26286f4e71be9722f82b85d
Fee history: github.com/yodablocks/the-in…
DYOR
