Coinspeaker
IdeaSoft and INTMAX Collaborate to Launch JIBx Perpetual DEX on Plasma Next

The collaboration is targeted at pioneering a Decentralized Exchange (DEX) named JIBx. The goal is to launch a groundbreaking advancement in the Plasma Next network through this collaboration. In an official press release shared with Coinspeaker, the goal is to make the DEX as convenient as any Centralized Exchange (CEX) counterpart.

IdeaSoft and INTMAX to Transform the DEX Landscape

The idea is to transform the DEX ecosystem with JIBx with plans to offer a wide range of innovative features such as zero transaction fees, restaking capabilities, and leverage of up to 250X.

The DEX has an on-chain matching engine with off-chain private settlement and account layers which is meant to guarantee both the security and efficiency of Ethereum. Ethereum gas fees had recently soared following a strong inscription debut on blobs even after the successful implementation of the Ethereum Dencun upgrade. With JIBx, more efficiency can be introduced overall.

A notable feature of the DEX which is poised to be the first of its kind in that it combines the convenience of centralized exchanges with the integrity and security of decentralize...