Storm Trade (STORM) Price

Storm Trade - is a social-first derivatives platform on Telegram, operating on the TON blockchain. It facilitates trading of cryptocurrencies, forex, equities, and commodities. It offers deep integration with Telegram via @wallet.

What is Storm Trade?

Storm Trade is the first decentralized derivatives trading platform seamlessly integrated with Telegram, built on the TON blockchain. It offers a unique trading experience that includes leverage of up to x50, making it a powerful tool for both experienced and new traders. By directly integrating into Telegram and incorporating Social-Fi mechanics, Storm Trade aims to attract the next wave of 10 million decentralized finance (DeFi) users. The platform is accessible through both a web application and a Telegram bot, offering convenience and ease of use to its growing community.

Storm Trade's core features include expanded trading capabilities, allowing users to leverage their trades up to x50, access instant price updates, and trade cryptocurrency pairs using TON and USDT as collateral. The platform’s Social-Fi elements make it more interactive, with features like squad trading tournaments, NFT collections, and copytrading, which enhance user engagement and community interaction. Furthermore, it boasts a user-friendly interface inspired by traditional trading DEXs, complete with TradingView charts, and emphasizes full decentralization and advanced security to keep user funds safe.

How Does Storm Trade Work?

Storm Trade is integrated into the Telegram ecosystem, allowing users to engage with the trading platform directly through the Telegram Web App (TWA). This integration eliminates the need for users to switch between platforms, making trading more convenient while utilizing Telegram's secure messaging infrastructure. The platform offers real-time notifications, access to the Telegram wallet, and rewards traders and liquidity providers, creating a dynamic and rewarding trading experience.

Storm Trade employs two main tokens: SLP and STORM. SLP is a liquidity provision token that is minted when a user adds liquidity to the platform and burned when liquidity is withdrawn. This token represents the liquidity provider’s share in the total vault, serving as the counterparty for trades on the platform. In return, the vault earns a portion of trading fees, liquidation penalties, and funding fees, which are distributed among SLP holders. STORM, on the other hand, is a deflationary utility token used to reduce trading fees, pay protocol fees, access exclusive community features, and reward active ambassadors. The dual-token system enables efficient liquidity management and incentivizes participation.

Social-Fi mechanics are a significant part of Storm Trade's offering. Traders can participate in NFT-based experiences, including earning unique avatars and contributing to squad-based trading tournaments. The platform's Market Makers NFT collection, comprising 5,555 unique 3D NFTs, was introduced as a way to gamify the user experience and provide early access to STORM token sales. Additionally, Storm Trade hosts referral programs and trading competitions, fostering community collaboration and engagement.

Storm Trade's Founding Team

Storm Trade was co-founded by Denis Vasin, who serves as the lead developer for the project. Denis is an advocate for the integration of financial solutions within widely used social platforms, believing that TON (The Open Network) has the potential to bring about mass crypto adoption. He described Storm Trade as “the first leverage trading platform native to Telegram,” allowing users to trade directly via Telegram’s wallet and mini-app, making the trading process intuitive and accessible to a broader audience.

The concept for Storm Trade originated during the first TON hackathon, where Denis presented a prototype for a perpetual decentralized exchange (DEX) on the TON blockchain. The prototype won second place, prompting Denis and his team to continue development with backing from the TONcoin Fund. Since launching on the TON mainnet, Storm Trade has experienced rapid growth, with daily trading volumes reaching between $5 million and $20 million within the first four months, and this volume continues to double each month.

Denis’s vision for Storm Trade is to make financial freedom accessible to Telegram users through innovative, user-friendly tools. The platform provides features like one-click setup, noncustodial trading, and mobile optimization, making it easy for users to get started. Denis emphasizes the importance of building on TON for its scalability, seamless user experience, and ability to connect directly with over 800 million Telegram users. His dedication to creating a decentralized, integrated trading solution drives the ongoing evolution of Storm Trade, pushing the boundaries of what’s possible for DeFi within social ecosystems.

Strom Trade’s Tokenomics

Storm Trade is a decentralized derivatives trading platform on Telegram, built on the TON blockchain with leverage up to x50 and features like squad trading tournaments, NFT collections, and copytrading. It integrates seamlessly with Telegram, offering a user-friendly interface, security, and two tokens (SLP and STORM) for liquidity provision and platform utility.

The total supply of Storm Trade is currently capped at 1 billion tokens, with allocations as follows:

•    IDO: 4,2%

•    Community & Ecosystem: 30%

•    Investors: 17,9%

•    Advisors: 5%

•    Liquidity: 10%

•    Team: 15%

•    Airdrop: 3,5%

•    Treasury: 14,4%\