{"id":162293,"date":"2026-05-07T08:31:56","date_gmt":"2026-05-07T08:31:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=162293"},"modified":"2026-05-07T08:31:56","modified_gmt":"2026-05-07T08:31:56","slug":"01-being-early-is-everything","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=162293","title":{"rendered":"01 : Being Early Is Everything"},"content":{"rendered":"

Today, let\u2019s talk about another PerpDEX I\u2019ve been watching closely\u00a0: 01Exchange<\/strong><\/p>\n

In PerpDEXs, the main ways to earn a significant amount of points are either by being early<\/strong> or by having a large portfolio size<\/strong>. Pair that with an efficient strategy, and that\u2019s all you\u00a0need.<\/p>\n

What are 01 and N1\u00a0?<\/h3>\n

N1 is a Layer 1<\/strong> blockchain built for finance, especially trading and other high-frequency transactions. Its main value proposition is speed: 100,000+<\/strong> transactions per second<\/strong>, sub-millisecond latency, and congestion-free execution.<\/p>\n

This makes it well-suited for trading applications<\/strong> where speed\u00a0matters.<\/p>\n

01 is a PerpDEX built on top of N1<\/strong>, with the ambition of giving traders more options through products such as vaults<\/strong> that can long\/short assets against others. It is built by traders, for\u00a0traders.<\/p>\n

Team<\/h4>\n

01 was initially built by the N1 team. The project started in 2022<\/strong> on Solana with the ambition of becoming the Nasdaq of on-chain\u00a0trading.<\/p>\n

However, the team later realized that the infrastructure was not optimal for efficient trading, so they started building N1 and handed the development of 01 to Cited<\/strong> and a small team of five\u00a0people<\/strong>.<\/p>\n

Here is a short introduction from Cited\u00a0:<\/p>\n

I started crypto in 2016, was one of the earliest employees at an on-ramp, created partnerships with leading exchanges, counterparties, wallets, and spearheaded the creation of our OTC desk. After becoming a partner there and as the company grew to 300+ employees, I just missed startups too much and transitioned to running validators, discovering trading when hedging validator rewards. Was shitposting for a while as well and that\u2019s where a lot of people might know me. Happy to be back building something again.<\/p>\n

The project is mostly self-funded, although there are a few angel investors as well as an Echo community round of around\u00a0$500k.<\/p>\n

Trading Fees<\/h4>\n

01 has a tiered trading fee system<\/strong> where fees depend on your 30-day trading\u00a0volume.<\/p>\n

Base fees for new users are\u00a0:<\/p>\n

Maker orders (limit)\u00a0:\u00a00.01%<\/strong>Taker orders (market)\u00a0:\u00a00.035%<\/strong><\/p>\n

You can get a<\/em> 5% reduction on all fees<\/em><\/strong> by signing up through <\/em>this referral\u00a0link<\/em><\/a><\/p>\n

Source\u00a0: 01\u00a0FAQ<\/a><\/p>\n

Roadmap<\/h4>\n

Recently, the team shared a roadmap with no strict order of execution. Right now, the priority remains delivering a trading venue with all the essential features and tight\u00a0spreads<\/strong>.<\/p>\n

Later on, the focus will shift toward scaling through different acquisition channels<\/strong> such as\u00a0:<\/p>\n

A mobile\u00a0appReal-world assetsMore gamified trading features like clans and trader competitions<\/p>\n

Points program<\/h4>\n

The points program launched at the beginning of February, with a maximum supply of 10M points<\/strong> ending at the end of\u00a0August.<\/p>\n

Source\u00a0:\u00a0Docs<\/a><\/p>\n

The program is divided into three phases, each with different weekly distributions\u00a0:<\/p>\n

Private Mainnet\u00a0:<\/strong><\/p>\n

375k points distributed every\u00a0weekTotal: 3.75M points over 10\u00a0weeks<\/p>\n

Public Mainnet Alpha\u00a0:<\/strong><\/p>\n

296,875 points distributed weekly over 8\u00a0weeksTotal: 2.375M\u00a0points<\/p>\n

Public Mainnet Beta\u00a0:<\/strong><\/p>\n

156,250 points distributed weekly over 12\u00a0weeksTotal: 1.875M\u00a0points<\/p>\n

I made a spreadsheet calculation model for the 10M total points supply. It\u2019s very useful for estimating at what FDV your farming becomes profitable<\/strong>.<\/p>\n

Example\u00a0:<\/strong><\/p>\n

Let\u2019s say you started farming with $100. A few weeks later, you accumulated 200 points, but it cost you\u00a0$50.<\/p>\n

200 \u00f7 50 = $0.25 cost per\u00a0point<\/p>\n

According to the spreadsheet, a $0.25 cost per point would break even at a $25M FDV assuming a 10% airdrop allocation and 10M total points\u00a0supply<\/p>\n

My Final\u00a0Thoughts<\/h3>\n

Right now, I\u2019m farming 01 because I think the risk\/reward is attractive<\/strong>, with decent upside potential and a relatively innovative roadmap<\/strong>.<\/p>\n

For farming, I mostly generate volume through pair trading on ETH\/BTC since they are the most liquid pairs and offer the highest leverage.<\/p>\n

Pros<\/h4>\n

Relatively easy to earn\u00a0pointsYou farm N1 exposure at the same\u00a0timeDecent team with limited investor\u00a0dilution<\/p>\n

Cons<\/h4>\n

Fees are relatively high compared to other\u00a0perpsUncertainty regarding the airdrop (no information besides\u00a0points)Competition is growing\u00a0quickly<\/p>\n

As always, thank you for reading\u00a0!<\/strong><\/p>\n

Follow me on\u00a0medium<\/a><\/p>\n

Follow me on\u00a0Twitter<\/a><\/p>\n

Start earning points with a 5% fee reduction\u00a0: https:\/\/01.xyz\/ref\/Maus<\/a><\/p>\n

01 X\u00a0: https:\/\/x.com\/01Exchange<\/a><\/p>\n

01 Discord\u00a0: https:\/\/discord.gg\/dr2NgsqkKH<\/a><\/p>\n

N1 X\u00a0: https:\/\/x.com\/N1Chain<\/a><\/p>\n

Roadmap\u00a0: https:\/\/01.xyz\/roadmap<\/a><\/p>\n

Additional Sources\u00a0:<\/strong><\/p>\n

N1 CEO interview\u00a0: https:\/\/x.com\/G0mj0\/status\/2016853675679817953?s=20<\/a><\/p>\n

N1 blog\u00a0: https:\/\/www.n1.xyz\/blog<\/a><\/p>\n

Read exclusive articles on publish0x<\/a>, and if you want to support me for free, you can sign in with this\u00a0link<\/a><\/p>\n

Disclaimer: This is not financial advice, you need to do your own research\u00a0!<\/em><\/p>\n

01 : Being Early Is Everything<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"

Today, let\u2019s talk about another PerpDEX I\u2019ve been watching closely\u00a0: 01Exchange In PerpDEXs, the main ways to earn a significant amount of points are either by being early or by having a large portfolio size. Pair that with an efficient strategy, and that\u2019s all you\u00a0need. What are 01 and N1\u00a0? N1 is a Layer 1 […]<\/p>\n","protected":false},"author":0,"featured_media":162294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-162293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/162293"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=162293"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/162293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/162294"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=162293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=162293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=162293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}