On October 15th, an X Space event hosted by Sun Wukong, the world's first Chinese-language decentralized contract trading platform, once again captured the attention of the crypto market. Project advisor Justin Sun joined renowned influencers like Liang Xi and Zi Shi for an in-depth discussion on the post-trend market landscape, platform product development, and future ecosystem strategies.

$200 million "Same Boat Project" co-creation fund: "You are not fighting alone"

During this live broadcast, Justin Sun announced the highly anticipated news - Huobi HTX and Sun Wukong will each invest US$100 million to establish a "Same Boat Plan" co-creation fund to support crypto users who suffered losses in recent black swan events, helping them rebuild confidence and overcome difficulties together.

Eligibility for this co-creation fund is not restricted by platform or blockchain network. Users from decentralized platforms like Hyperliquid, Aster, Lighter, GMX, or other centralized exchanges can apply for subsidies based on their losses, with amounts ranging from 5 USDT to 5,000 USDT.

Justin Sun said, "This action is the team's hope, out of concern for users, to show everyone through concrete actions: you are not fighting alone."

Fully launch multi-chain layout: making transactions more flexible and efficient

During the live broadcast, Justin Sun reported the latest progress of the Sun Wukong platform to the community.

He revealed that one of Sun Wukong's most important product updates this week is that the platform now officially supports deposits and transactions on multiple mainstream public chains such as TRON, Ethereum, BNB Chain, Arbitrum, and plans to continue expanding its multi-chain ecosystem at the pace of "adding two new chains per week."

In addition, Sun Wukong will soon launch the opening function of multiple stablecoins such as USDC and USDD to further enhance the flexibility of currencies and the efficiency of capital utilization.

Justin Sun said: "Through the multi-chain layout, users can manage assets across chains and achieve a more efficient trading experience; supporting multi-currency transactions allows users to freely choose stablecoins for contract operations, thereby reducing transaction risks and optimizing capital liquidity."

The platform depth has doubled, with dual optimizations in performance and experience.

In response to user concerns about depth and slippage, Justin Sun revealed that the Sun Wukong platform has officially introduced market makers and funding support, significantly increasing overall depth. Data shows that as of October 16th, Sun Wukong's trading depth has doubled, with BTC's depths at $1000, $3000, and $15000 increasing by 203%, 271%, and 253%, respectively, and ETH's depths at $1000, $3000, and $15000 increasing by 240%, 165%, and 159%, respectively.

"We will collect and implement improvements as soon as possible based on user feedback, and we will follow up in a timely manner whether it is the optimization of product functions or user experience," said Justin Sun.

Notably, during the intense market volatility on October 11th, both Sun Wukong and Huobi HTX demonstrated robust performance, experiencing no downtime or trading interruptions. For the newly launched Sun Wukong, this extreme market situation was undoubtedly a stress test, which the platform withstood with ease thanks to its stable system architecture. For Huobi HTX, the price corrections on its platform were significantly smaller than those on most exchanges, resulting in the most moderate overall volatility, fully demonstrating the robustness and risk resilience of its mature trading system.

"Extreme market conditions are the best test," Sun Yuchen emphasized. "We will always remain in awe and will continue to work hard on in-depth development and user experience optimization in the future, addressing shortcomings, improving functions, and accelerating the pace of new currency listings to provide users with more diversified trading options and market opportunities."

From stability to innovation, Sun Wukong moves towards long-termism

Currently, the Sun Wukong platform has launched a number of user welfare policies to continuously lower transaction thresholds and enhance asset return experience:

• The lowest transaction fee in the entire network, with up to 55% fee reduction;
• 12% annualized return, automatic interest generation on USDT, no lock-up, no freeze, no limit;
• 20% lifetime rebate, both parties who invite friends can enjoy transaction dividends;
• First deposit and transaction rewards: deposit or trade ≥100 USDT to get 70 SUN tokens, and the gas fee of the first approval will be 100% refunded.

Sun Yuchen explained that in the future, they will launch growth incentive activities such as point mining and transaction mining to enhance user engagement and community activity. Furthermore, the platform plans to integrate with mainstream wallets such as MetaMask and Binance Wallet, support one-click transactions on H5 terminals, further broaden traffic access, and build a more convenient and efficient user ecosystem.

"We hope to grow Sun Wukong into a long-term reliable, stable and efficient contract trading platform through robust mechanisms and innovative designs, setting an industry benchmark for 'the latest, best and most stable' and providing a safe, convenient and diversified trading experience for Chinese traders around the world."

About Sun Perp

SunPerp is the world's first Chinese-language decentralized perpetual contract trading platform. It aims to combine the smooth experience and security of centralized exchanges with the asset sovereignty of decentralized finance to create a next-generation on-chain derivatives infrastructure. With a Chinese-language interactive experience at its core, the platform offers the lowest fees on the entire network, zero gas transactions, secure on-chain custody, high-performance matching, full-chain liquidity integration, and intelligent risk management mechanisms. The platform is committed to providing friendly, fair, efficient, and free DeFi derivatives trading services to Chinese-speaking traders.

As the first decentralized trading platform designed specifically to suit Chinese trading habits, Sun Wukong aims to promote the natural symbiosis of Eastern culture and decentralized technology with an open philosophy.

For more information about Sun Wukong, please visit www.sunwukong.io ; for further questions, please contact market@sunperp.com