Storm Trade, a decentralized derivatives trading platform built on the TON blockchain, is set to launch its native utility token, $STORM, in May or June of this year. The platform, which boasts direct integration with Telegram, aims to attract the next 10 million DeFi users by offering a user-friendly and highly accessible trading experience.
With a leverage of up to x50, Storm Trade offers a diverse range of synthetic assets, including popular cryptocurrencies, FOREX, equity, and precious metals. The platform has witnessed a remarkable trading volume of $8,749,409 in the last 24 hours.
The $STORM token launch is highly anticipated, with only approximately 4% of the total supply of 1B being made available for sale. Holders of the platform’s Market Makers NFT, which currently has a floor price of around $1,600, will have the opportunity to purchase the token first at a fixed minimum price.
The token offers significant utility, with staking and liquidity buffering. The total value locked (TVL) in the platform currently stands at $11,198,846.
A standout feature of Storm Trade is its direct integration with Telegram, making it the first perpetual decentralized exchange accessible within the popular messaging app. Users can trade a diverse range of assets including cryptocurrencies, forex, stocks, and commodities while receiving real-time updates, all without leaving Telegram. The platform prioritizes user safety through a non-custodial model and isolated margin trading to limit potential losses. Additionally, Storm Trade incorporates gamification elements like NFTs, avatars, and trading competitions to enhance the user experience.
Storm Trade has formed partnerships with notable organizations such as Gotbit, Cointelegraph, and ToncoinFund, further strengthening its position in the DeFi space. The project has also attracted significant interest from investors, with investment rounds being oversubscribed three times.
The platform’s long-term vision includes becoming the most widely adopted decentralized leveraged trading platform, governed by the $STORM token and generating revenue for distribution through a staking pool.
The seamless integration with Telegram sets Storm Trade apart from traditional on-chain platforms, offering users real-time notifications, direct access to the Telegram wallet, and rewards for traders and liquidity providers.
Token distribution:
- IDO: 4,2%
- Community & Ecosystem: 30%
- Investors: 17,9%
- Advisors: 5%
- Liquidity: 10%
- Team: 15%
- Airdrop: 3,5%
- Treasury: 14,4%
Storm Trade’s launch plan consists of four phases, with the public testnet and open beta phases already completed or in progress. The Market Makers NFT phase is currently underway, offering users the chance to acquire unique NFTs that grant whitelist access for the token launch. The final phase, the Token Generation Event (TGE), is estimated to take place in June 2024, with the token being launched on several leading launchpad platforms.
With its innovative approach to derivatives trading, strong partnerships, and a utility-focused token, Storm Trade is well-positioned to make a significant impact in the DeFi space. As the platform continues to grow and attract users, the upcoming $STORM token launch presents a unique opportunity for investors and traders alike.
