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From the moment of its inception, this project has not been about riding short-term trends in the crypto space. Its goal is to address the industry's biggest contradiction—the way traditional financial giants can enter the Web3 world.
People in the industry constantly talk about decentralization and resistance to censorship, but from the perspective of institutions holding trillions of dollars, this is simply unrealistic. Existing blockchain infrastructure is a nightmare for them.
Ethereum? Too transparent. Any large transaction can be thoroughly analyzed by on-chain data tools, exposing trading strategies and business secrets. Institutions absolutely cannot accept this. Conversely, privacy coins like Monero go too far, completely shielding regulatory oversight and getting blacklisted by compliance departments.
This creates a market gap.
The true solution is not a simple trade-off but integration—maintaining the liquidity of public chains while providing the privacy protections of private chains, and also meeting the compliance requirements of traditional finance. This path is extremely challenging, but it is also the only way to achieve large-scale adoption.
Technologically, the core breakthrough lies in redesigning the virtual machine. Choosing incompatibility in an era dominated by EVM requires real courage, but it also precisely demonstrates the project's ambition.
Unlike other public chains, this system abandons the inefficient operation mode of EVM and instead introduces zero-knowledge proof technology stacks. Zero-knowledge proofs are fundamentally cryptographic tools that can verify the validity of a transaction without revealing its specific details. This is not just a privacy feature but an industrial-grade privacy infrastructure.
In other words, institutions can perform large transactions and deploy complex contracts on-chain, with the entire process being publicly verifiable and auditable, yet completely hiding transaction details and business logic. This represents a kind of reconciliation among public chains, privacy chains, and traditional finance.
However, speaking of which, projects that find a balance between ETH and Monero are indeed rare; this approach is worth paying attention to.
The move to make EVM incompatible is a bit aggressive, but if the technology truly works, it would be unbeatable.
The integrated solution sounds promising, but its realization depends on the team's capabilities. Let's wait and see.
The day institutions enter the scene might be the real watershed moment for this circle.
Daring to make a move incompatible with EVM shows that the technical reserves are solid.
The needs of institutions and the ideals of the crypto world are inherently opposite. EVM should have been changed long ago.
Zero-knowledge proofs are a promising path, but true implementation is the key. It's too early to boast now.
Such integration solutions can work, but only with scale. Betting on this is less reliable than betting on the ecosystem.
But can zero-knowledge proofs really live up to such high expectations? It seems a bit idealistic.
Abandoning EVM definitely takes courage, but if you bet wrong, there won't be the previous ecosystem to back you up... Ultimately, it depends on the actual implementation.
Really, the ZK path is the future; it's much more reliable than those things being hyped every day.
But to be honest, can we really pass the compliance check? I'm still a bit skeptical.
This is the true approach to solving the pain points, not just messing around.
Those in the know understand that a balance must be found between privacy and regulation.
Big institutions want transparent regulation but also privacy, and this time they've truly found a breakthrough.