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IdeaSoft To Launch an Innovative Perpetual DEX on INTMAX’s Open-source L2 Plasma Next

ID: 3e571119-9cb3-5fca-b2f7-d71d2acbf06f

STIX ID: report--3e571119-9cb3-5fca-b2f7-d71d2acbf06f

Feed Name: HackRead

Date Published: 2024-03-29

Date Updated: 2026-04-22

Author: Uzair Amir

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INTMAX announced a partnership with IdeaSoft (Sigma Software Group) to build JIBx, a perpetual decentralized exchange on Plasma Next, featuring near-zero transaction fees, up to 250x leverage, an on-chain limit order book with off-chain settlement and account layers, and staking/re-staking mechanisms. The release emphasizes Plasma Next’s scalability, privacy, and cost-efficiency via zero-knowledge proofs, recent community initiatives (e.g., nanoMoney.js and ETH Samba collaboration), and the goal of enabling micro- and nano-transactions while expanding the Plasma Next ecosystem.

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