 | Merkle Trade (MKL)Merkle Trade stands as the gamified perpetual trading decentralized exchange built on Aptos. With a vision to emerge as the largest decentralized leveraged trading center, the platform prioritizes user-friendliness and accessibility. Seed Round: $2.1M IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
|
OpenWhat is Merkle Trade
Merkle Trade is the first-ever gamified decentralized futures trading platform, offering crypto, forex, and commodities trading with leverage up to 1,000x, alongside a simplified UX and engaging gamified features.
Our aim is to provide the most enjoyable and inclusive trading experience for everyone. Unlike most other perpetual exchanges, we are dedicated to creating the most accessible trading venue, catering to traders of all experience levels, not just experienced traders or so-called whales. Ultimately, Merkle Trade aims to become the largest decentralized hub for leveraged trading.
Our aspiration is simple - to offer the most enjoyable and inclusive trading experience for everyone. We're on a mission to turn Merkle Trade into the biggest decentralized hub for leveraged trading.
DetailsToken supply: 100,000,000 MKLRaised: 2,100,000 USD LegalBlockchain Platform: AptosCountry limitations: Afghanistan, American Samoa, Angola, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Botswana, Burundi, Cambodia, Cameroon, Canada, Central African Republic, Chad, China, Crimea of Ukraine, Cuba, Democratic People's Republic of Korea, Democratic Republic of the Congo, Eritrea, Ethiopia, Ghana, Guam, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Japan, Laos, Lebanon, Liberia, Libya, Madagascar, Mali, Mozambique, Myanmar, Nicaragua, Northern Mariana Islands, Pakistan, Puerto Rico, Republic of the Congo, Russia, Somalia, South Sudan, Sri Lanka, Sudan, Syrian Arab Republic, Tajikistan, Trinidad and Tobago, Turkmenistan, Uganda, United States, Uzbekistan, Vanuatu, Venezuela, Virgin Islands (U.S.), Yemen, and Zimbabwe Registration year: 2023 | Token infoTicker: MKLType: Utility-token Token distribution: 3% - Advisors 14% - Investors 20% - Core Team 17% - Growth Fund 46% - Community |
Merkle Trade Roadmap
1
Q3 2023
- Private Beta (Mainnet) Launch: All the early supporters and adopters will be whitelisted to engage in trading on Merkle trade.
- Trading Contest v1: There will be a series of trading contests and they’re going to be something special.
- Smart Contract Audits: The smart contracts get audited by two reputable auditors that have experience working with the Move language and Aptos projects.
2
Q4 2023
- Public Beta (Mainnet) Launch: The day X for the whole Merkle Trade community.
- Social Trading Features - leaderboard, profile, etc: The first set of social trading features will be incorporated to make leverage trading even more engaging.
- One-click Trading (EVM wallets): Forget about spending time adjusting the trade, go long or short with max leverage if you want with just one-click.
- In-app EVM Deposit / Withdraw: We will refine the overall onboarding process so users can effortlessly transfer their funds to the exchange and carry out seamless trading.
- Referral Program Launch: A referral/affiliate program will be released soon after the mainnet launch to foster the growth of the platform.
- New Trading Pairs: Mid-cap crypto pairs and indices will be added for trading on Merkle Trade.
- Gamification V2: Allowing people to open their loot boxes and utilise the items to boost trading experience.
3
Q1 2024
- One-click Trading (Aptos wallets): One-click and gasless trading experience are coming to Aptos wallet users.
- Trading Seasons and Incentives: There will be epoch-based trading incentives for the traders on Merkle Trade.
- Blazing-fast Order Executions: We will reduce the end-to-end order execution delay by half with improvements in execution transaction scheduling.
- Merkle Gear Item Forging: Combining Merkle gear items together for improved attributes and enhanced trading performance.
- New Trading Pairs: A variety of crypto pairs will be added for trading on a regular basis.
4
Q2 2024
- EVM Swap & Deposit: Deposit improvements that will offer significantly easier onboarding experience.
- Notifications: Receive real-time trading notifications via Telegram, Email and your browser - limit order executions, liquidations and more.
- Themed Trading Seasons: hosting unique trading seasons every two weeks, featuring unique events, benefits, and rewards with varying themes.
- Referrals Program Improvements: Enhanced referral rebates. New traders now receive a "Starter Loot Box" that contains starter gear items that boost their trade benefits.
- Share PnL: Easily share PnL of your trades on X and other platforms.
5
Q3 2024
- Trading Season Competitions: trading seasons now feature novel trading competitions with clear, fair, and achievable goals, along with those that encouraged strategic trading over sheer volume.
- Token Generation Event (TGE): The launch of the MKL token through the sequenced token launch (Genesis Staking & LBA) with exclusive benefits to the early users.
- Staking & MKL-USDC LP: MKL Staking is launched - a portion of the protocol revenue is now distributed to the stakers of MKL every epoch (week).
6
Q4 2024
- Walletless Accounts: ZK-based non-custodial Google/Apple sign in that eliminates the need for a crypto wallet or any other web3-native tooling from users to interact with the protocol.
- Direct Deposits: Direct deposit through any compatible EVM chains will become available, streamlining the deposit process, without the need to create a EVM wallet.
- Infrastructure Improvements: Improvements in on-chain data indexing facilities and infrastructure deployments that will result in lower latency, improved responsiveness and faster overall loading speed.
- Dual Oracle (Stork): Stork oracle is integrated as a secondary price feed to provide more reliable pricing data, mitigating risks related to price feed availability.
- Risk Management Enhancements: Working with new protocol liquidity partners that will deploy hedging strategies to mitigate significant price directionality, enhancing trading liquidity while preserving the robustness of the platform’s liquidity pool.
7
H1 2025
- Social Trading Profiles: Trading profiles through which we’ll allow traders to learn from each other and engage in friendly competition.
- LP Collateral Expansion: Ability to use the Aptos native USDT stablecoin or low-risk yield-bearing tokens (tokenized treasury bonds) as collateral, and the risk management for those is currently being considered.
- Native Mobile Apps: Native mobile app to provide seamless, on-the-go trading experiences with full functionality and real-time market access.
8
Q2 2025 and beyond
- Constantly improve the product to offer the most entertaining and accessible trading experience in the market (competitive to centralized counterparts).
- Introduce novel social and gamified trading features to enhance user engagement and foster a vibrant trading community.
- Strengthen the risk management framework to offer safety for liquidity providers while providing the best experience for traders.
- Launch of the Merkle Trade DAO as a decentralized entity overseeing the decision making of the platform.
Social media
MVP
