Chapter 3: The Trials of 1DEX

Chapter 3: The Trials of 1DEX

Section 3: Shadow Central Bank

March 18, 2025.

EOS officially announced its rebranding to Vaulta, causing an uproar in the market. The price surged overnight from $0.68 to $1.24, doubling in a short period, but the community fell into serious division.

"This is not a restart; it's a reshuffle," someone commented on Reddit.

Lin Qingyuan knew that the rebranding was just a facade. The real change was the launch of 1DEX.

1DEX is the first native DEX under the Vaulta system, compatible with EVM and EOS WASM protocols, supporting both on-chain and off-chain order matching. Its most dangerous aspect is that it has activated OGX.

The origin token has become the governance token for 1DEX.

What does this mean? It means that whoever owns OGX controls the financial heart of Vaulta.

Even more terrifying, Lin discovered that in the initial distribution of OGX, there was a huge amount of funds pointing to a certain member of the Vaulta Advisory Council—a previously anonymous individual who had served on the core team at Block.one.

"Vaulta is not a utopia; it is an unlicensed shadow central bank."

When Lin said this during a community conference call, there was complete silence in the chatroom for a full 32 seconds.

Then, a liquidation quietly began.