X10

Rating B-
DeFiDerivativesPerpetual Contracts2023 Founded

X10 is a hybrid cryptocurrency exchange that offers the execution speed and functionality of a centralized exchange while providing full self-custody and on-chain trade settlement. Order processing, matching, position risk assessment, and trade sorting are handled off-chain, while trade settlement occurs on-chain through the StarkEx Layer 2 engine.

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Project Profile

Project Profile

Overall AssessmentB+ · Early growth · X10 is a hybrid perpetual exchange with a clear technical approach and solid fundraising support. It differentiates itself by combining self-custody with on-cha

X10’s strongest edge is its hybrid exchange design: it keeps CEX-like speed and usability while adding self-custody and on-chain settlement via StarkEx, giving it a strong technical fit for derivatives users who value efficiency and security. The main risk is that the project is still young, with limited public operating data and unproven community/liquidity traction, so converting the concept into real trading volume remains the key test.

AI Bull Case· 5
  • Hybrid architecture balances matching efficiency with self-custody security, creating clear product differentiation
  • Focused on perpetuals and derivatives, a segment with strong demand and relatively high user willingness to pay
  • Uses StarkEx Layer 2 for settlement, strengthening the technical narrative and on-chain security
  • Backed by several well-known venture investors, which helps early-stage cold start
  • Clear founder-led structure can support fast product iteration and execution
AI Bear Case· 4
  • Short operating history, with limited proof of user scale and long-term execution
  • Weak community heat and brand awareness, so growth depends heavily on product delivery
  • No clear tokenomics or incentive details, making value capture less transparent
  • Hybrid exchange model must solve liquidity, risk management, and compliance pressures at the same time
3.7/ 5.0 Overall
Technical Architecture4.6
Market Performance3.9
Community Activity2.9
Tokenomics3.2
Team Background3.8
Token Concentration3
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Funding History

Funding History
Funding rounds1
Total funding$6.5M
Latest round--
Latest funding date2024-04-30
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Team

Team

AI Team Profile AnalysisExecution 7.6 / 10

Public team disclosure is limited; the visible core is founder and CEO Ruslan Fakhrutdinov, indicating a classic founder-led structure. Backers include Tioga Capital, Semantic Ventures, and Cherry Ventures, suggesting decent early investor validation, but the team’s scale, trading-system depth, and compliance background still need further verification.

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Product & Token

Product & Token
No product or token data available
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Token Unlock Details

Token Unlock
No unlock schedule available
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Ecosystem Network

Ecosystem
No ecosystem data available
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On-chain Data

On-chain Data
No on-chain data available
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News Updates

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