Tuesday, July 23, 2024

Recap of AMA: Our goal is to empower Telegram users with financial freedom

Storm Trade: Revolutionizing Leverage Trading on Telegram with Native Platform

Are you a Telegram user looking to dive into the world of leverage trading? If so, Storm Trade might just be the platform you’ve been waiting for. Founded by Denis Vasin, Storm Trade is the first leverage trading platform native to Telegram, allowing users to connect directly through the app’s wallet and start trading with ease.

During a recent AMA with Cointelegraph, Denis shared the journey of Storm Trade from its inception at the TON hackathon to its current success on the TON mainnet. With daily trading volumes reaching impressive numbers and doubling every month, Storm Trade is making waves in the DeFi landscape.

What sets Storm Trade apart is its user-friendly mini-app within Telegram, optimized for mobile use. The platform offers a range of trading options, including limit orders, market orders, and automated trading strategies. By focusing on established assets with high liquidity, Storm Trade aligns with Telegram and TON’s mass adoption goals.

One of the key features of Storm Trade is its simplified asset model, where liquidity providers only need to provide one asset for all trading pairs. This results in higher liquidity utilization rates compared to traditional DEX models. The platform also leverages oracle solutions for accurate pricing data and implements risk management strategies to ensure stability in its perpetual futures contracts.

Denis highlighted the differences between Storm Trade and Telegram trading bots, emphasizing Storm Trade’s focus on the general audience and user-friendly interface. With a one-click setup and noncustodial platform, Storm Trade aims to make trading accessible to all Telegram users.

Looking ahead, the TGE of the STORM token is expected to take place soon, marking a significant milestone for Storm Trade. With plans for protocol improvements, social trading features, and further development based on user feedback, Storm Trade is poised for continued growth and success.

If you’re interested in exploring the world of leverage trading on Telegram, Storm Trade might just be the platform for you. Stay tuned for more updates and developments from this innovative project.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.

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