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Evan Luthra
Mar 15, 2022
by Evan Luthra

MyTrade: Next-generation DEX With the Looks and Feels of a Centralized Exchange

MyTrade
It's a generally accepted opinion that the user experience on Centralized Exchanges is better than that of Decentralized Exchanges (DEXs). This poor user experience is caused mainly by the bad user interfaces of many projects in the DeFi space. Users find it difficult to manoeuvre these platforms and it has discouraged a lot of people from fully adopting DeFi as their chosen means of carrying out financial transactions. 

One decentralized exchange that is intentionally being different from the rest is the MyTrade exchange. This is a next-generation DEX that has the looks and feels of a centralized exchange. Traders will get the best possible priceMyTrades from a wide variety of quality tradable assets on the platform and Makers will enjoy 0% trading fees.

The MyTrade platform features an Order Book and an Automated Market Maker (AMM). This resulted in the rise of Integrated Liquidity (a new term coined by the platform), which is the combined total liquidity from both the AMM liquidity pool and order book. 

MyTrade Labs and First $10M Fund

Supported by Rawtech Ventures as the biggest LP, MyTrade is Announcing the launch of the MyTrade Labs with its first $10 million funds in March 2022. Over the next 3 years, this fund will be invested actively in the blockchain ecosystem. 

The MyTrade Labs will have two arms:

  • An Investment Arm — This will strategically invest in innovative projects being built across EVM-compatible chains 

  • R&D Arm — This will find and solve the problems and pain points in the crypto space 

    • To support the growth of MyTrade Labs and other innovative projects related to the MyTrade platform, the MyTrade Venture Network has been formed. This network will consist of Investors, KOLs, Communities, IDO launchpads, and Centralized Exchanges. Projects that receive funding from MyTrade Labs will receive full access to the MyTrade Venture Network.

    MyTrade Features

    The following are some of the features that MyTrade offers

    • Trading

      • When there is no AMM liquidity on the MyTrade V2, trades will be routed to Quickswap. The MyTrade V2 has a professional trading view with price charts that traders can benefit from. Once AMM liquidity is added on the MyTrade V2, the Limit Order feature and the Order Book will be open to being activated by traders.

      • Mining

        • There are different types of mining on MyTrade.

        Trade Mining — Traders can earn eMYT or MYT from executing trades on selected pairs.

        Liquidity Mining — Liquidity Providers can earn eMYT or MYT when they add liquidity to selected AMM pools. 

        Limit Order Mining — Market Makers can earn eMYT or MYT by placing orders on the Order Book within selected pairs.

        • Liquidity Pools

          •  

          • Burn and Earn

            • Roadmap

            Milestones

            • Launch MyTrade V1 Beta on HPB (Desktop version only)

            • Launch MyTrade V1 on HECO (Desktop + Mobile versions)

            • Launch MyTrade V2 Alpha on Polygon (Desktop version only)

            • Seed Round Investment

            • Launch MyTrade V2 Beta on Polygon with eMYT Mining (Desktop + mobile versions)

            • Strategic Round Investment

            • IDO (February 2022)

            • Launch MyTrade V2 on Polygon (with MYT replacing eMYT) (March 2022)

            • Launch MyTrade V2 on Moonbeam (March 2022)

            • Financing Round Investment (March 2022 onwards)

            • Launch MyTrade on BSC (Q2 2022)

              • MyTrade Core Features

              • Precise Integration of Order Book and AMM

              • Price Charts

              • Limit Orders

              • Routing to Quickswap on Polygon

              • Trade Mining

              • Liquidity Mining

                • Limit Order Mining

                • Burn & Earn

                • Bond (March 2022)

                • Referral (March 2022)

                • Stake & Earn (April 2022)

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                  MyTrade
                  MyTrade: Next-generation DEX With the Looks and Feels of a Centralized Exchange
                  Evan Luthra
                  Evan is a tech-obsessed thought-leader who has spoken at 100s of conferences around the world. He has extensive knowledge and experience in mobile apps and his company, EL Group International, has developed and delivered mobile apps for major Fortune 500 companies. He has also received an honorary Ph.D in Blockchain for the impact he has made in the industry from launching Blockchain Schools to Blockchain Coworking spaces and having spoken at 50+ Blockchain events. As a highly accredited Angel Investor, Evan believes in stepping out of his comfort zone and exploring the power of conceptualization, innovation and execution.

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