Storm Trade
Storm Trade bot is a decentralized perpetual exchange and orderbook built on the TON network and the Telegram app. It focuses on offering users improved trading experience, by implementing SocialFi components into its app and enabling users to trade an extended range of assets.
It is powered by the native $STORM token, which is used for paying fees to the exchange, reducing fees costs via staking, rewarding active community members, and granting access to the platform’s DAO.
Since its inception in 2023, the company managed to raise over $250K from some tier 3 and 4 funds including TONcoin.fund, Sky9 Capital and others.
Storm Trade - WAITLIST Overview
Storm Trade - Review
⚡️StormTrade is a leading derivatives exchange and orderbook with the largest TVL on The Open Network (TON) blockchain. It allows users to trade commodities, stocks, and crypto with up to 50x leverage in a non-custodial and secure way.
The StormTrade exchange aims to establish itself as a leading DeFi app and attract over 10M potential users on the TON blockchain. It plans to achieve this by implementing multiple SocialFi components on its platform and offering a unique user experience of utilizing the platform.
🪙 $Storm token: The platform’s governance is powered by the utility token $STORM. The token’s primary function is to be used as a main currency for paying fees to the StormTrade exchange, receiving fee discounts and rewards from $STORM staking, powering the PoS Consensus of Decentralized Execution Network, providing access to the private trading community, and rewarding active users.
On May 7th, 2024 StormTrade announced the release of the $STORM token and upcoming IDO on the Magic launchpad, allocating over 4.2% for IDO. Along with IDO, StormTrade became one of the first participants in Magic Square’s Road to IDO campaign, allocating an additional 0.5% of the total supply for the contest.
Considering this info, our team decided to conduct comprehensive research on the crypto project and prepare some pros and cons of the project for you:
✅ StormTrade pros:
- Leading perpetual exchange on TON blockchain;
- Rising interest in the TON ecosystem might play a vital role in the potential growth of the project and its token;
- Low Initial MC / FDV ratio (4.38%)
- Low Fully Diluted Valuation of the project’s token ($12M). This may potentially lead to big upside opportunities after the sale;
- Great concept and approach to the development of the product;
- Strong SMM, PR, and Growth Marketing performance;
- Above the average Marketing infrastructure score.
❌ StormTrade cons:
- Lack of transparency in tokenomics: The token release schedule hasn’t been presented by the team;
- No top-tier funds were invested in the project;
- The platform hasn’t been reviewed by the top-tier security auditors yet;
- Small amount of top-tier partners, collaborating with the project;
- Below the average Influencer Marketing and SEO score;
- No roadmap has been presented by the team yet;
- Lack of work experience in top-tier and crypto companies. Additionally, some of the core team members still live in Russia - the country that sponsors terrorism.
Storm Trade - Team
