The Good Tech Companies - Pioneering Telegram-Integrated DeFi: An Interview with Storm Trade Co-Founder Denis Vasin

Episode Date: May 14, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/pioneering-telegram-integrated-defi-an-interview-with-storm-trade-co-founder-denis-vasin. Denis Vasin, Co-Founder & Lead Dev of Storm Trade, shares insights on the platform's Telegram integration, $STORM token launch, and vision Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #defi, #telegram, #ton, #ton-blockchain, #storm-trade, #defi-on-telegram, #future-of-finance, #good-company, and more. This story was written by: @btcpeers. Learn more about this writer by checking @btcpeers's about page, and for more stories, please visit hackernoon.com. Storm Trade's Denis Vasin discusses the platform's Telegram integration, upcoming $STORM token launch, and vision for revolutionizing DeFi derivatives trading on the TON blockchain.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Pioneering Telegram-integrated DeFi, an interview with Storm Trade co-founder Dennis Vassen by BTC Peers. Decentralized finance, DeFi, continues innovating, with platforms integrating popular messaging apps like Telegram. This convergence brings financial services directly to users, tapping into Telegram's extensive user base and intuitive interface. Projects such as StormTrade, Telegram Wallet, STON, FI and DDoS pioneer this approach, offering trading, wallet, and exchange services within the Telegram ecosystem. As traditional finance and decentralized solutions intersect, Telegram

integrated DeFi platforms simplify complex financial services, potentially driving mass adoption. StormTrade, a decentralized derivatives trading platform built on the TUN blockchain, has been making waves in the Telegram integrated DeFi space. With a 24-hour trading volume of $8,749,409 and a total value locked, TVL, of $11,198,846. Storm Trade aims to attract the next 10 million DeFi users by offering leverage trading up to 50x directly through the Telegram messaging app. In the coming months, Storm Trade is set to launch its native token, DollarStorm. Holders of the platform's market makers NFT will have the first opportunity to purchase the token at a fixed price. As StormTrade prepares for this

token launch, we had the chance to sit down with Dennis Vassen, co-founder and lead dev of StormTrade, to discuss the project's vision, the role of telegram integration, and the challenges of operating in the rapidly evolving DeFi space. Can you tell us about the unique features of StormTrade that set it apart? F-R-O-M-O-T-H-E-R derivatives trading platforms? In fact, StormTrade is the first derivative DEX right on Telegram. By DEX it don't mean two buttons in a chart, I'm talking about a serious tool along with a mode for professional traders. StormTrade is a a social phi solution that aims

to make trading not only convenient but also not boring adding advanced mechanics in the form of trading tournaments squads nft collections while adding professional tools in the form of cross margin copy trading and much more how does the direct integration with telegram benefit users and contribute to the growth of storm trade, direct integration into Telegram means almost limitless possibilities for all messenger users. In addition to 900 meters potential users, it is an opportunity to be embedded in advertising integrations with preset bidding parameters. Here's how it works. For example, the author of a Telegram channel assumes that the market will go up and opens a long position in BTC pair with a certain stop loss and take profit. Usually, in order for someone to

repeat such an entry, they need to register on the exchange, deposit funds there, find the right pair, in general, do a lot of things. Deep integration of storm trade in telegram implies that having created apposition, the author of the channel will be able to share it with already set parameters in his or Telegram channel. And those who want to repeat the Symmetri will only be able to follow the link and enter the amount of collateral they are ready to trade with. Storm Trade. A real breakthrough in futures trading technology. The dollar storm token is launching soon. Can you share more details about the token's utility and how it fits into the storm trade ecosystem? Launching a token is one of the most important events for every product. It is often the case that the token exists separately from the product without making

a significant contribution to the ecosystem. For Storm, this approach doesn't seem close. Storm is the heart of the ecosystem, integrated into the exchange directly, and helping to increase the efficiency of the protocol economy. Storm has two very powerful utilities. Staking, whose profit is made up of the protocol's fees, and a liquidity buffer, which will maintain a good APR for liquidity providers. You mentioned that only a small percentage of the total token supply will be AVAILABLE for sale. Can you explain the reasoning behind this decision? There are several reasons for 4% allocation to ETO. Unlike memecoins, which traditionally allocate a large volume of token for sale, Storm attracts institutional funding

and does not need overfunding from retail. How do the market makers NFTs play a role in the token launch, and whatadvantages do NFT holders have? First, you have to understand what MarketMakers NFT is. MarketMakers is a unique, hand-drawn NFT community collection designed to be embedded in the social-fi mechanics, rewarding the best traders and activists on the platform. Ownership of NFT will provide the owner with a guaranteed spot on the whitelist forhip of NFT will provide the owner with a guaranteed spot on the whitelist for token purchases, and in the future will add discounts on trading commissions, avatars for the user profile, and many other uses. Since all NFT holders have access to the whitelist at the same time, this will serve as a great opportunity to buy Storm tokens the

very first at a fixed starting price. Each NFT will have a certain allocation to the purchase amount, and the more NFTs you have in your wallet, the higher the allocation to ETO will be. After ETO, collection opportunities will only increase from reduced trading fisto VIP community membership. As a derivatives trading platform, how does Storm Trade ensure the safety and security of users' assets? It is worth remembering that StormTrade is a DEX, where all internal work is built on smart contracts. All smart contracts are audited by several trusted organizations. Since building smart contracts on TUN is quite complex, it is not easy to find auditors. Our first audit is

from the TUN tech campaign. Additional audits are planned for the future. Can you elaborate on the staking mechanism and how it rewards token holders? W-H-O-S-U-P-P-O-R-T the platform. The staking mechanism will be quite simple. The stakeholder will have two options to put liquidity on the STON. FI and introduce tokens to the market or lock tokens in staking on storm Trade and withdraw tokens from the market. The mechanisms will balance each other, creating a deflationary token economy. Storm Trade has partnerships with notable organizations like GOTBIT, Cointelegraph, and TONCOINFUND. How do these partnerships contribute to the project's development and success?

All of the above partnerships help us develop in one area or another. Cointelegraph is aimed at media support, while Godbit and Toncoin Fund provide U.S. with investment and advisory support. What are the long-term goals for StormTrade, and how do you envision ThePlatform evolving in the future? StormTrade's long-term goals are to build the most exciting platform Intelligram, bringing together both experienced traders and beginners, both those who came for the spirit of competition and those who came for passive earnings. StormTrade aims to become the most balanced place for trading with easy onboarding and

amazing social-fi products. Thank you for listening to this Hackernoon story, read by Artificial Intelligence. Visit hackernoon.com to read, write, learn and publish.