UniversalX|Bridgeless Next-Generation DEX

Table of Contents

Project Details

What is UniversalX?

UniversalX is the first non-custodial trading platform in the crypto asset industry that enables trading across multiple blockchains without bridging. This platform utilizes chain abstraction technology, which significantly improves the user experience, and completely eliminates the complexity of conventional cross-chain transactions. Users can easily and quickly trade tokens on multiple chains using a single account and balance.

UniversalX supports more than 12 EVM chains and Solana, and users can pay gas fees with any token. Moreover, all transactions are fast and secure, equipped with MEV (Maximum Extractable Value) protection as standard. This makes it user-friendly for everyone from beginners to professional traders.

UniversalX Vision

The vision of UniversalX is to remove the barriers to cryptocurrency trading and provide a more intuitive and comprehensive user experience through the realization of the concept of "One Account, One Balance, All Chains". As blockchain technology becomes more widespread, users have faced many complex processes in asset management and trading between different chains. UniversalX aims to solve these challenges and become the new standard for the Web3 era.

Specifically, it has the following objectives:

  • Simplified User Experience
    Simplifies transactions by eliminating the need for bridging operations and preparing gas tokens.
  • Promoting Non-Custodial Trading
    Allows users to retain full ownership of their assets, improving trust and transparency.
  • Promoting Web3 Adoption
    Provides a beginner-friendly interface and promotes the use of Decentralized Finance (DeFi).

Key Features of UniversalX

UniversalX has the following key features:

1. Bridgeless Trading

Conventional cross-chain transactions require users to move assets via a bridge. However, UniversalX completely eliminates this process, allowing users to easily trade tokens on any chain.

2. Fully Non-Custodial Design

UniversalX adopts a non-custodial design, providing a mechanism that allows users to fully manage their own assets. This avoids the risks of centralized exchanges and ensures security.

3. Multi-Chain Support

It supports more than 12 EVM chains and Solana, allowing users to trade across multiple chains with a unified balance. Furthermore, UniversalX is working on supporting other non-EVM chains.

4. Universal Gas Feature

Users can pay gas fees using any token, eliminating the need to prepare specific gas tokens. This further simplifies the transaction process.

5. Real-Time Market Data and Analysis

UniversalX provides real-time market data, allowing users to instantly grasp token price trends and trading volume. This enables faster and more accurate decision-making.

6. High-Speed Transactions and MEV Protection

UniversalX boasts the industry's fastest transaction processing speed and provides MEV (Maximum Extractable Value) protection. This significantly improves the security and efficiency of transactions.

How Universal Accounts Work

The underlying technology of UniversalX is Universal Accounts, which is the key to achieving chain abstraction. The main features of Universal Accounts are as follows:

1. All Chain Support with a Single Account

Users can operate multiple chains using a single account. This account integrates multiple smart accounts to provide a consistent experience for users.

2. Universal Liquidity

UniversalX utilizes multiple liquidity pools to streamline asset transfers and transactions. This allows users to utilize assets without being tied to a specific chain.

3. Universal Gas

By providing a mechanism to pay gas fees with any token, users do not need to prepare gas tokens separately.

4. Particle Chain

A dedicated L1 blockchain that coordinates Universal Accounts transactions, managing all cross-chain transactions securely and efficiently.

Evolution of UniversalX V2

UniversalX V2 adds more advanced features and is optimized for professional traders and users who value data analysis.

1. Real-Time Radar Feature

Introduces a Radar feature that can identify trending tokens across the Web3 ecosystem. Easily discover new and rapidly growing tokens.

2. Customizable Chart Analysis

Provides a charting feature that allows real-time analysis of token performance. Advanced indicators and metrics are also customizable.

3. Expanded Token Discovery Features

Equipped with a new feature that allows users to explore tokens by sector and category. Portfolio and trend-based analysis for investors are also available.

4. Portfolio Tracking and Sharing

Users can check their portfolio performance at a glance and share it with other users.

Universal SDK and the Future of Web3

UniversalX supports other developers and projects to easily adopt chain abstraction technology through the Universal SDK. DApps using Universal Accounts can be built with just a few lines of code, which allows for more seamless integration of the entire Web3 ecosystem.

UniversalX is pioneering new possibilities for cryptocurrency trading as the next-generation foundation for Web3.

For more project details, please refer to Here

Airdrop Information

There is no official information about the UniversalX airdrop, but recording transactions on UniversalX may make you eligible for the airdrop distribution.

Creating a UniversalX Account

Connect your wallet to your account and create an account on the UniversalX website.

  • If you are asked for a referral code, please enter " HPDXY6 ".

Adding Funds (Deposit)

There are two main ways to add funds to your Universal Account on UniversalX.

  1. Receive
  • Click the Receive button and the address of your Universal Account will be displayed as shown in the image above.
  • UniversalX supports EVM-compatible chains and Solana. Please note that sending funds to unsupported chains may result in loss of funds.
  1. Purchase Cryptocurrency with Fiat Currency (Buy)
  • If you do not have any cryptocurrency on hand, you can purchase cryptocurrency directly from the "Buy" button using the third-party integration feature.
  • Debit/credit cards, Google Pay, Apple Pay, etc. are available.

Sending Funds (Sending Tokens)

You can send tokens on UniversalX just like a regular wallet, but with additional features.

  1. Accessing the Send Screen Click "Send" from the "Account" screen to proceed to the send interface.

  2. Entering the Destination Chain and Address Specify the recipient's blockchain and address. UniversalX allows you to send multiple tokens on different chains together in a single transaction.

  3. Entering the Token and Amount Enter the token and amount you want to send, and click "Send".

  4. Confirmation on the Preview Screen A confirmation screen for the transfer details will be displayed, showing the "Primary Token" (described later) used for gas fees. The system automatically selects the cheapest gas fee option.

  5. Sending the Transaction Click "Confirm" and wait for completion.

What are Primary Tokens?

  • Primary Tokens are the currencies used to buy, sell, and receive tokens on UniversalX.
  • They can be stored and used on any chain and are treated as a "consolidated balance" combining the user's Primary Tokens on multiple chains.

Main Roles of Primary Tokens

  1. When buying: Based on the user's intention of "I want to buy this token", actual trades are executed on the DEX (Decentralized Exchange) of each chain.

  2. When selling: Trades are executed via Primary Tokens paired with the tokens the user wants to sell, utilizing the liquidity pools of external DEXs.

Converting Tokens

On UniversalX, you can convert any token on any chain to any other token on another chain.

  1. Accessing the Convert Screen Click "Convert" from "Account".

  2. Selecting the Token to Convert From Choose the token and amount you want to convert. You can convert multiple tokens into a single other token in a single transaction.

  3. Selecting the Destination Chain and Token Select the destination chain and token, and the estimated amount to be received will be automatically calculated and displayed.

  4. Confirming the Details on the Preview Screen Check the transaction details, and if there are no problems, click "Confirm".

  5. Waiting for Transaction Completion Wait for the transfer/swap to complete.

Chain-Agnostic Trading

UniversalX updates on-chain trading data in milliseconds, providing a smooth trading experience on-chain, similar to centralized exchanges (CEX). The main features are as follows:

1. One-Stop Shop for All Tokens: You can search for all tokens existing on any chain by contract address, token name, or symbol. You can also use a variety of lists and market monitoring tools to detect risky tokens and check token rankings.
2. Real-Time Candlestick Charts: Charts updated in milliseconds allow you to grasp price movements without any time lag.
3. Batch Operations: Offers "immersive trading experience" such as batch registration to watchlists and completing trades without leaving the same page.
4. One-Click Trading: Enables "buy/sell with a single click".
5. Multitasking: Allows monitoring of up to nine token charts on a single screen.

How to Find Tokens

You can search for and trade tokens on any chain on UniversalX. Refer to the following methods.

  1. Search by Contract Address/Token Name/Symbol
    Entering information in the search bar will display the corresponding token across all chains. When purchasing, check the market capitalization, price, and contract address to prevent accidental purchases.
  2. Utilizing Token Lists Tokens across chains are displayed by category, and users can sort and filter according to their needs.
  3. Glance List
    You can add tokens of interest to a list with the "Glance" button. You can also add all displayed tokens at once with "Glance All".
  4. About Risk
    Since fraudulent tokens exist on the blockchain, UniversalX conducts comprehensive risk assessments and clearly indicates the risk indicators for each token on lists and detail pages. Always check the risk information before trading and pay attention to asset security.

Additional Information

The following data can be checked on the token details page. For multi-chain supported tokens, you can select different chain versions of the token on the same page.

  • Market Cap (MCap)
  • FDV (Fully Diluted Valuation)
  • Liquidity
  • Token Age
  • 24h Volume
  • Transactions
  • Traders
  • Holders
  • Top10/Top100 Holding Ratio... etc.

Additional Data Tabs

  1. Transactions: Displays recent transaction history and real-time trades.
  2. Holder: Check the holding ratio and quantity of each address holding the token.
  3. Info: Displays basic token information, liquidity providers, security test results, etc.

Multi-chart Function
The Multi-chart function allows you to display up to nine token charts simultaneously.

Trading

You can buy and sell tokens on any chain via Primary Tokens on UniversalX.

Buying (Buy)

  1. Enter the quantity of the token you want to buy, or the amount in USD equivalent.
  2. Click "Buy" (or configure advanced settings as needed).
  3. Sign and wait for the transaction to complete.

Selling (Sell)

  1. Enter the quantity of the token you want to sell, or the amount in USD equivalent.
  2. Click "Sell" (or configure advanced settings as needed).
  3. Sign and wait for the transaction to complete.

Trading Settings (Settings)

  • Slippage: The set value for slippage tolerance. If the price exceeds the specified range due to market fluctuations, the transaction will be cancelled.
  • Anti-MEV (Solana): A function to protect against MEV attacks for large transactions, etc. This is an optional setting on Solana, but enabled by default on EVM chains.
  • Default Primary Token(s): You can specify the token to be used by default for buying and selling. Turned off Primary Tokens will not be reflected in available balances or payments.
  • Skip Preview: When enabled, you can skip the preview screen before trading and execute trades immediately. A warning will be displayed if there is a large price impact.

Red Packets

Red Packet is a unique feature of UniversalX that can be used to invite friends and liven up the community.

  • Creating a Red Packet allows you to combine any tokens you hold into a single packet, specifying things like "how many people to distribute it to."
  • Recipients can claim tokens directly in the app, and the creator bears the claim fee.
  • Claimed users are automatically added to the "invitation list".

How to Create a Red Packet

  1. Random Mode (Random)
     ・ People who open the packet receive a random amount (everyone is guaranteed to receive some amount).
     ・ Creation Steps
      1. Select "Random" from "Create a Red Packet".
      2. Enter the total amount to put in the packet, the number of recipients, and a message.
      3. Confirm the details on the confirmation screen and click "Confirm" to complete.
      4. A share link is issued after creation, so distribute it.
  2. Fixed Mode (Fixed)
     ・ A predetermined fixed amount is distributed equally to each recipient.
     ・ Creation Steps
      1. Select "Fixed" from "Create a Red Packet".
      2. Enter the total amount, the number of recipients, and a message. UniversalX automatically calculates the allocation amount per person.
      3. Check the details on the confirmation screen and click "Confirm".
      4. Distribute the share link after completion.

The above are the main functions and usage flow of UniversalX.

  • The Universal Account and Owner Address mechanism allows users to manage multiple chains with a single account (Universal Account).
  • From adding funds to sending and converting tokens, and even real-time on-chain trading, a series of operations can be performed in one place.
  • The Red Packet function makes it easy to build communities and invite friends.

When using, please pay attention to supported chains and ensure thorough security and risk management.

Disclaimer

  • This article is created for informational purposes only and should not be used to solicit the sale, purchase, or underwriting of cryptocurrencies, securities, or other financial products, nor should it be considered an invitation to engage in such transactions, or constitute financial or investment advice.
  • The information and opinions in this article are obtained from sources that we believe to be reliable, but we do not guarantee their accuracy, completeness, suitability, timeliness, or truthfulness.
  • We, the authors, and all related parties are not responsible for any damage or loss caused by or related to the information published in this article. Cryptocurrencies involve hacking and other risks, so please conduct thorough research before using them.
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