Nos, a perpetual decentralized exchange, has announced its rebranding as 01. This strategic move is backed by N1 and aims to revive the well-known name within the Solana community.
Rebranding History
Nos is set to be rebranded as 01, adopting a former name cherished by many perpetual market participants on Solana. This name has historic significance, ceasing after the FTX collapse in 2022. Leveraging Amber's infrastructure, Nos is targeting a mainnet launch in March, aiming to revive the legacy under a new banner.
Support and Integration with N1
The rebranding of Nos to 01 is backed by investors such as Multicoin Capital and Founders Fund. The project also gains support from N1, which continues to develop an ecosystem of decentralized apps focusing on scalability and innovation. With N1's help, 01 will be able to offer highly efficient trading solutions, building on an experienced and technologically robust platform.
Future Plans
The mainnet launch of 01 is scheduled for March 2025. The new exchange will work closely with N1, which provides solutions to eliminate computing and latency constraints in app operations. Along with the recent launch of the NTS platform for smart contracts, this ensures high performance and scalability of 01 trading operations, embedding them into the broader N1 ecosystem.
Nos's transition to 01 marks not just a rebranding but strategic integration into the N1 ecosystem. This move bridges the past with a new technological phase, maintaining trader loyalty while expanding the platform's functionality for future users.
