30s Summary

Storm Trade’s Denis Vasin emphasised the importance of simplicity for new decentralised finance (DeFi) users in a Q&A session. Deemed one of the first DeFi exchanges on the TON blockchain, Storm Trade supports wallets synced with Telegram for easy trading. Success has been linked with responding to its community and offering multiple earning opportunities. Also, Storm Trade introduced a sequencer for quick trade execution and a new STORM token available as vouchers. Vasin revealed plans to buy back STORM tokens to increase demand and share them with stakers, aiming to quickly align product performance and token price.

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Storm Trade’s Denis Vasin recently spoke about how crucial it is to make things simple and easy-to-use for people new to decentralized finance (DeFi). He was partaking in a Q&A session with Cointelegraph.

Storm Trade, among the first decentralized exchanges on the TON blockchain, is doing a great job of keeping things simple for everyone. If you’ve got a crypto wallet, you can jump right into their platform. And it’s really easy because you can use wallets already synced with Telegram, making trading direct via Storm Trade’s Telegram Mini App sweet and simple.

Storm Trade’s been doing really well since it introduced handy properties unique to TON and popular tokens like Toncoin (TON) and Notcoin (NOT). Vasin said their success comes down to listening to their community and attracting more traders with loads of chances for providers to earn more than just on USDT.

Storm Trade’s also added some awesome tools to make trading even smoother, like a sequencer that executes each order in less than a second. You’re even guaranteed to get your trades executed at the agreed price, no matter what the market is doing.

Another cool thing for Storm Trade is the launch of their STORM token, which is now available to trade as vouchers. Vasin explained that having voucher-style tokens is a really smart way to get things started. They’re planning a listing on ChainGPT and eesee launchpads soon.

The performance of the token is tightly linked with how well the product does in the market. Part of their plan involves buying back STORM tokens to stimulate demand and then share those tokens with stakers. This way, they reckon there will be a fast response between product performance and token price.

Storm Trade’s even got a system to reward users who complete social tasks. They noticed that newbies found Web3 daunting, so they integrated social tasks into the reward system in a bid to make it more appealing. They even set up an educational program within Storm Trade called Storm Academy.

Storm Academy flips traditional learning on its head. It serves up the lowdown on blockchain, DeFi and trading in a fast, fun and engaging way with interactive stories, memes and fast feedback. They cover everything from basic Web3 concepts to advanced trading strategies and risk management. Plus, you get rewarded for learning.

Vasin is really optimistic about the future of DeFi on the TON blockchain. He truly believes they’re onto something massive and thinks that Telegram’s social graph/TON combination will be key to bringing millions more people into DeFi. He also mentioned that Storm Trade will be introducing new features like margin trading, an built-in wallet and a new social trading level.