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As the lead of @extendedapp I can confirm all of the debunking below is correct.
More than 60% of developers at Revolut are Russian btw. If you think that’s bearish you’re in for a surprise.
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A comprehensive investigation into Extended – team/founder/past experience. SCAM or the most promising DEX?
There are a lot of rumors and warnings surrounding Extended. Today, I conducted extensive research and outlined every point so we all know the truth.
1. "The founder already has a case where he collected money from investors and created the X10 exchange, which you can't even find in a search engine now."
>X10 is Extended. The team simply changed its name a year ago.
- Public information about the X10 round:
- Public information where it is mentioned that Extended is the former X10:
2. "The team there has nothing to do with Revolut."
>The CEO @rf_extended was the head of the crypto department, not just some guy who answered emails - he built the crypto department from scratch.
The CPO built the Revolut exchange.
The CTO is Revolut's head of engineering.
I also found information that Revolut executives are angels of the exchange.
3. "Extended is another DEX that follows trends and nothing more"
>This is also a lie, because the exchange was launched back in 2023—that is, before Hyperliquid's success.
Back then, the only player was dydx, which had a terrible UI, and recently, there was the FTX crash.
Both @extendedapp and @Lighter_xyz started building exchanges around that time.
Now, there are actually many exchanges that are less than a year old and are simply following the hype, but I won't name names - today we're talking about Extended.
4. "The team is Russians"
>Yes, that's true, but let's be objective.
Everyone's favorite Lighter also has a Russian team.
Nationality is everyone's business, and I think background and roadmap more important then stamp in passport.
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