**Kiloex.io Deep Update Analysis (as of July 2024)**
**1. Overview**
Kiloex.io is a decentralized perpetual futures exchange operating on the **Arbitrum Layer 2 network**, focusing on high-leverage trading (up to 1000x) with multi-asset collateral support. It emphasizes low fees, security, and user-friendly features like copy trading.
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**2. Key Features & Recent Updates**
- **Leverage & Assets**:
- Supports **BTC, ETH, SOL, ARB, DOGE**, and other major cryptocurrencies.
- Allows cross-margin trading with multi-asset collateral (e.g., use ETH to open BTC positions).
- **Fee Structure**:
- **Zero gas fees** (Arbitrum L2 advantage).
- Taker fees: 0.06%, Maker rebates: -0.01% (as of Q2 2024).
- **Copy Trading**:
- Newly added "Leaderboard" feature (April 2024 update) for tracking top traders.
- Users can replicate strategies with adjustable leverage/risk settings.
- **Referral Program**:
- Updated in April 2024: 30% commission from referred users’ fees, plus bonus tiers for high-volume referrals.
- **Security**:
- Smart contracts audited by **CertiK** (audit report publicly accessible).
- Self-custodial trading; users retain control of funds.
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**3. Technical Infrastructure**
- Built on **Arbitrum One**, ensuring fast transactions and low costs.
- Utilizes off-chain order matching with on-chain settlement for efficiency.
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**4. Competitive Edge vs. Rivals**
- **vs dYdX**: Lower fees, copy trading, and multi-chain support (Kiloex plans Ethereum/Polygon integration in late 2024).
- **vs GMX**: Higher max leverage (1000x vs. 50x) and broader asset selection.
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**5. Risks & Considerations**
- **High Leverage Risk**: 1000x leverage amplifies potential losses.
- **Regulatory Uncertainty**: Decentralized platforms may face evolving regulations.
- **Liquidity**: Smaller user base than centralized exchanges (CEXs) like Binance.
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**6. Future Roadmap**
- Q3 2024: Mobile app beta release.
- Q4 2024: Cross-chain collateral support (e.g., Solana assets).
