Welcome to the PokeDX action plan for 2023, where we’ll be taking a look at the exciting future of the world’s soon-to-be leading DeFi trading tool. In this post, you’ll get an exclusive glimpse at all the innovative new products and services that PokeDX has in store for the coming year.
Get ready to be amazed — 2023 is going to be a year of huge growth and opportunities for everyone involved in the cryptocurrency space!
Without further adieu, let’s dive into it.
Q1 2023: Wrapping up core work & Acceleration
A number of major changes and implementations are planned for this coming quarter.
Long-awaited charts
The new charts, which has been highly anticipated by our users, are finally on the horizon! As you may know, implementing this feature has presented some challenges, but our team of engineers has been working hard to find a solution. We’ve outlined the details of this solution in a previous post, and we’re now ready to begin implementation. The charts feature will allow users to view real-time data on the price and volume of various DeFi assets, as well as historical data for trend analysis.
Biggest buyers & sellers
No description needed here. This feature is coming sooner than you think!
Limit Orders
With limit orders, you can set specific conditions for your trades, such as the maximum price you are willing to pay for an asset, or the minimum price you are willing to sell it for. One of the key benefits of our limit orders is that they won’t require any deposits. This means you’ll remain in control of your funds at all times! Once you have set your limit order, the trade will be executed automatically when the specified conditions are met, assuming you have enough funds available to complete the trade. This means you don’t have to constantly monitor the market or manually place orders, giving you more time to focus on other aspects of your trading strategy.
Brand redesign
We are excited to announce that PokeDX will be undergoing a major redesign of its logo and visual identity to better reflect our mission and values as a soon-to-be leading DeFi trading tool. This also includes a completely fresh website, updated UI on the platform and new optics across social media.
Our new logo and visual identity will be a modern, dynamic mark that symbolises the trust, security, and confidence our holders have placed in us. We are committed to creating a safe and secure platform that empowers users to make informed trading decisions, and we want to convey this commitment through our new design.
We’ll also be refreshing our color palette to differentiate us from the competition and better reflect our energy and enthusiasm for the DeFi. We are confident that these changes will strengthen our brand and better represent who we are as a DeFi company.
Genesis NFT collection
We are thrilled to announce the launch of the PokeDX Genesis NFT Collection, a limited edition of NFTs that will grant special powers when integrated into the PokeDX ecosystem. The perks of this collection include:
- Up to 20 free limit orders per day (network/gas fees will apply)
- Unlimited access to all current and future PokeDX features for all tiers
- No taxes on PDX transactions (both buys and sells)
- No fees on leveraged trading (perpetuals) or any future features
- Custom logo on PokeDX.app
- Genesis NFT holder badge on PokeDX’s Discord (join here!)
- Access to a private Telegram group for Genesis NFT holders
To ensure exclusivity, the Genesis Collection will be limited to 512 NFTs. In order to mint one of these NFTs, you must hold at least 10,000 PDX. Holding more PDX will result in a lower minting cost. The price of the NFTs will be announced at a later date.
The Genesis Collection is our way of rewarding early PokeDX supporters with free and unlimited access to the entire platform — forever. The cost of minting the NFTs will be recouped over time as holders use paid features that would normally be subject to processing fees.
Buybacks & Exposure
All proceeds from NFT sales will be used in part to buy back PDX tokens on the market and in part to fund a continued, managed marketing effort as the market enters the next cycle. We believe this will help drive demand for PDX and benefit all members of the PokeDX community.
Q2: Multidimensional growth
According to a number of experts, Q2 will mark the start of the next market cycle.
Passively-managed token portfolios
Diversification is an important factor to consider when investing in any asset class, and it’s especially important in the volatile world of cryptocurrency. One way to achieve diversification is by buying a single token that gives you exposure to a basket of different crypto assets. This is exactly what PokeDX’s passively managed indexes will do. By investing in one of our indexes, you can gain exposure to a diverse range of cryptocurrencies without having to manually select and manage each individual asset.
We currently have two indexes in development, with the first set to be launched in the second quarter of the year. These indexes will be carefully curated to provide a diverse and well-balanced portfolio of crypto assets, giving you the opportunity to benefit from the potential upside of the cryptocurrency market while also minimising downside risk. For those looking for an easy and efficient way to invest in the crypto market, PokeDX’s passively managed indexes may be a good option!
Tools for team
We understand that running a successful DeFi project requires more than just a strong product or service. It also requires the right tools and resources to help project owners grow and promote their projects. That’s why we’re working on a range of tools and features specifically designed to support project teams. These tools range from Telegram utilities and marketing tools to competitions and other resources that can help project owners attract new users and build a strong community.
Off-chain project insights
At PokeDX, we understand that making informed trading decisions requires more than just data from on-chain transactions. That’s why we’re developing technology that helps traders stay up-to-date on the latest developments and buzz surrounding DeFi projects.
Our goal is to make PokeDX’s technology aware of any buzz happening in the social sphere, as being fast to act on information can often be a key factor in trade profitability. A range of off-chain project insights, including social media statistics, AI-assisted sentiment analysis, and website traffic analysis will be displayed. By providing traders with real-time insights from a variety of sources, we aim to help them make more informed and profitable trading decisions.
Token discovery
DeFi traders often have to juggle multiple websites and data sources in order to keep track of trending projects and identify potential opportunities. This can be time-consuming and inefficient, and it can be difficult to get a complete picture of the market. To streamline this process and make it easier for traders to stay informed, we’re working on a discovery feature that aggregates trending tokens from multiple sources and combines them in one place. This will allow traders to see a wide range of trending tokens all in one place, without having to switch between multiple websites.
In addition to aggregating data from multiple sources, we’re also developing our own algorithm to identify tokens that may be trending soon. This algorithm is partly based on the feature mentioned above, which means it uses a combination of social media activity, AI-assisted sentiment analysis, and on-chain data to identify potential trends and investment opportunities. By leveraging these advanced technologies, we aim to provide traders with a comprehensive and up-to-date view of the DeFi market.
Support for Ethereum, Polygon
We’re committed to providing our users with a seamless and intuitive trading experience, no matter which blockchain they prefer to use. That’s why we’re excited to announce that we are rolling out key features such as charting, analytics, swaps, and limit orders on Ethereum and Polygon.
Support for these popular blockchain platforms will enable our users to take advantage of the full range of features offered by PokeDX, whether they are trading on BNB Chain, Ethereum or Polygon. We’ll be adding support for more EVM (Ethereum Virtual Machine) compatible chains in stages, so that even more users can benefit from our platform.
By offering support for multiple blockchain platforms, we aim to make PokeDX a leading destination for DeFi traders looking to take advantage of the latest technology and features. So, we are always looking for ways to improve and expand our platform to meet the needs of our users.
Q3: Leveling up
Raising the bar
Leveraged trading (perpetuals)
Perpetual swaps, also known as perpetuals or perps, are a unique type of financial derivative that function like a futures contract, but without an expiration date. This means that traders on the PokeDX platform can hold their positions indefinitely, as long as they have sufficient margin to cover any potential losses.
Futures trading on PokeDX will allow traders to enter into positions using leverage, or borrowed funds, to maximize their capital. Leverage allows traders to enter into larger positions than their account balance would normally allow. For example, a trader might use 10x leverage to trade 100 PDX for the price of 10 PDX. In this scenario, the trader would be required to post an initial margin of 10 PDX as collateral for the leveraged position.
PokeDX perpetuals will be developed on top of a decentralised infrastructure built by some of the greatest minds in the industry — partnership TBA!
Auto compounding vaults
At PokeDX, we are committed to helping our users grow their wealth through investments that offer compounding yields. That’s why we plan to offer auto-compounding vaults that compound at an optimal rate based on pools across the DeFi space.
Our vaults use advanced algorithms to determine the best compounding rate for your investment, taking into account a range of factors such as market conditions, risk tolerance, and the performance of various DeFi pools. By investing in one of our vaults, you can potentially earn higher returns over the long term as your earnings are automatically reinvested in a way that is designed to maximize your returns.
In addition to providing a convenient and effective way to grow your wealth, our auto-compounding vaults also offer the added benefit of diversification. By investing in a range of DeFi pools, you can potentially reduce the risk of concentrating your investments in a single asset or sector.
Q4 ~ Q1 2024: Mass adoption
Simplifying DeFi for the masses.
Mobile app development
At PokeDX, we are excited to announce that we are currently in the process of developing a beginner-friendly mobile application that will allow users to trade, manage their portfolios, scout for investment opportunities, and stay up-to-date on the latest developments in the DeFi space.
Our mobile app is designed to be user-friendly and accessible to users of all skill levels, making it easy for anyone to get started with DeFi trading and investing. The app will include a range of features and tools to help users make informed decisions, such as real-time price data, market analysis, and portfolio tracking.
We will be releasing more detailed information about the design mockups, features, and other aspects of the mobile app at a later date.
Atomic swaps
Atomic swaps allow users to directly trade cryptocurrencies on different blockchains without the need for a centralised exchange. While not currently a focus for PokeDX, we believe that they are an important technology for the future of DeFi. By enabling seamless cross-chain trades, atomic swaps have the potential to “globalise” the various blockchains and make the DeFi experience more streamlined and user-friendly.
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Please note that the roadmap is subject to change and may be modified at any time. This is due to the need to remain agile and adapt to changing market conditions, customer needs, and other factors that may impact the development and deployment of our products and services. We appreciate your understanding and will do our best to keep you informed of any updates or changes to the roadmap.
Thanks for reading and Happy New Year!
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