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May 29, 2024
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Storm Trade X AMA Session With BeInCrypto

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In an AMA session with BeInCrypto, Denis Vasin, Lead Developer and Co-founder of Storm Trade DEX , unveils their decentralized derivatives trading platform’s innovative features and future plans on Telegram. By leveraging Telegram’s vast user base and seamless integration, Storm Trade aims to revolutionize the trading experience, making it as simple as chatting with friends. Denis

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In an AMA session with BeInCrypto, Denis Vasin, Lead Developer and Co-founder of Storm Trade DEX , unveils their decentralized derivatives trading platform’s innovative features and future plans on Telegram. By leveraging Telegram’s vast user base and seamless integration, Storm Trade aims to revolutionize the trading experience, making it as simple as chatting with friends.

Denis discusses the platform’s high-leverage options, SocialFi mechanics, and strategic partnerships, highlighting how these elements combine to lower barriers for new users and create a vibrant, interactive community. 

Join us as Denis Vasin answers key community questions and shares insights into the future of decentralized trading.

AMA Session With Denis Vasin of Storm Trade
BeInCrypto: Today, we welcome the Lead Dev & Co-founder at Storm Trade DEX — Denis Vasin 🙌

🗣 COMMUNITY
I’ll have some questions for Denis. After that, he will answer 5 questions from your (previously chosen).

Denis, let’s start with this point 👇

Storm Trade is described as the first decentralized derivatives trading platform on Telegram. Can you elaborate on why you chose Telegram as the primary platform and how this integration enhances user experience?

Denis Vasin: Hey guys! Thanks for having me here. Excited to engage with you!

Telegram is a massive and vibrant platform, and its user base is growing exponentially. In some countries, it’s become the go-to messenger for both personal and professional communication. Integrating with Telegram makes our exchange easily accessible and user-friendly. 

You don’t need to go through KYC or other checks, just open Telegram, create and connect a wallet, and start trading—all within a few clicks. We want trading to be as easy and familiar as chatting with friends. Try it out yourself – @StormTradeBot.

Moreover, we leverage the @wallet, an embedded wallet within Telegram that significantly simplifies the onboarding process for users new to crypto. This integration means users don’t need to install or manage external wallets or worry about selecting the right network. 

They can seamlessly use the @wallet to start trading, making the process virtually effortless. This not only enhances the user experience but also lowers the barrier to entry for newcomers to the crypto world.

BIC: This is what I understand as the beginning of an AMA session! So what are the key features of Storm Trade DEX that you believe are game-changers for users?

Denis Vasin: We have several cool features: high leverage up to x50, deep integration with Telegram, and SocialFi functions like team tournaments and distributing NFTs for participating in trading activities. 

We will continue to develop in the SocialFi sphere because we see, for example, with Notcoin, how simple mechanics can go viral within a few clicks, bringing a whole new audience to web3 and DeFi. We plan the same.

One of the key aspects that sets Storm Trade apart is our emphasis on SocialFi, which transforms trading into a social activity. In today’s world, trading is heavily influenced by social interactions, with numerous trading influencers and key opinion leaders (KOLs) driving trends and decisions. 

By integrating the exchange with a social network like Telegram, we bridge the gap between getting a trading idea and executing it. Users can quickly act on insights and signals shared within their network, significantly reducing the time from idea to execution.

Additionally, our platform supports community-building features such as team tournaments, where traders can collaborate and compete, enhancing the social aspect of trading. We also distribute NFTs as rewards for participation in trading activities, adding a gamified layer that makes the experience more engaging and rewarding. 

This combination of social interaction and financial activity within a single app not only makes trading more accessible but also fosters a vibrant, interactive community.

BIC: To attract the next src0 million DeFi users, what strategies are you employing to reach this ambitious target?

Denis: We rely on Telegram’s 900M user base, simplify the interface, and provide educational materials so newcomers can quickly get up to speed. We also run active marketing campaigns, partner with others, and incentivize early users through reward programs. 

For example, our utility token STORM’s TGE is coming soon, and we currently have a Reward Points program that rewards early users for every action on our exchange. Just opening your first position earns you src0 RP, which will be airdropped as STORM tokens.

Additionally, we’re doubling down on referral and viral marketing strategies. Inspired by the success of Notcoin’s viral campaign, we’re implementing a referral program that incentivizes users to invite others to the platform, creating a network effect that drives exponential growth. 

By offering rewards for both referees and referrers, we aim to tap into the power of social networks to spread awareness and attract new users organically.

Our platform’s SocialFi mechanics are another key feature that significantly enhances user engagement and growth. We integrate social elements such as team tournaments and collaborative trading challenges, which make trading a more interactive and community-driven activity.

BIC: Storm Trade offers leverage up to x50. What measures have you implemented to manage the risks associated with high-leverage trading? How does Storm Trade DEX ensure

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