Denis Vasin, co-founder and lead developer of Storm Trade, introduced the project during a Cointelegraph AMA as the first leverage trading platform integrated with Telegram. Users can easily access the platform through Telegram's wallet and start trading via Storm's mini-app. The project originated from the TON hackathon, where Denis showcased a perpetual DEX prototype on the TON blockchain, leading to its development with funding from TONcoin.Fund. Storm Trade has seen rapid growth on the TON mainnet, with daily trading volumes doubling monthly. The platform offers a user-friendly mini-app optimized for mobile use, focusing on blue-chip assets. Unlike traditional DEX models, Storm Trade simplifies liquidity provision by using one settlement asset for all trading pairs. It leverages oracle solutions for accurate pricing and implements risk management strategies for liquidity providers. The platform's noncustodial nature and user-friendly interface set it apart from Telegram trading bots, aiming for mass adoption and seamless user experience on the TON blockchain. Read more AI-generated news on: https://app.chaingpt.org/news
