Host:We are excited to announce that NULS is now listed on MyTrade! NULS/USDT pair is now available to add liquidity and trade. As a result, we are happy to invite DZ, Founder of MyTrade, to our NULS community to conduct an AMA and discuss more about MyTrade and the next generation DEX they are building.
Hi,DZ.Please briefly introduce yourself.
DZ:Hi everyone, I am DZ, a Canadian. I entered the crypto space during the last bull run in 2017. Prior to starting MyTrade, myself and a few cofounders incubated and invested in some crypto projects, and had a wide variety of businesses serving Centralized exchanges (CEXs). It’s my pleasure to be here in the NULS community introducing MyTrade.
Host:There are already many DEXs out there, what makes MyTrade unique?
DZ:MyTrade has 2 main unique features that differentiate it from other DEXs. Firstly, MyTrade has developed a unique algorithm that precisely integrates liquidity from both order book and AMM pool. This integrated liquidity pool will always provide Takers with the best execution price by automatically matching orders from either the order book or the AMM pool.
Secondly, MyTrade V2 will feature a unique first of its kind ‘Limit Order Mining’ feature which will significantly increase professional Market Maker’s capital efficiency.
MyTrade supports both Market and Limit orders with K-Line Chart, makers enjoy 0% trading fee.
Host:What’s the current stage of MyTrade and can you share your roadmap?
DZ: We have already launched MyTrade V1 product on HPB and HECO. MyTrade V2 Testnet will be launching on Polygon soon in August and MyTrade V2 Mainnet will launch on Polygon in September. We are happy to announce that we have received Polygon’s Developer grant and are working closely with the Polygon team to build their global ecosystem. We are co-operating their developer network in China.
MyTrade V2 can be deployed on all EVM-compatible chains and Layer2.
Host:Where can our community find the MyTrade product and use it?
DZ: You can currently use our MyTrade V1 product (PC) on HECO and HPB below.
Mobile users can search ‘mytrade’ on a HECO supported wallet (Coinhub, Huobi Wallet, Token Pocket, Bitkeep, Hyperpay)
Host:Are there any incentives to attract our community to add liquidity to NULS/USDT pair?
DZ: Yes, first of all LPs are able to earn 0.3% of all trading fees for the pair. We are also running a unique NFT Medal campaign right now. LPs on MyTrade V1 will be able to earn an NFT Medal (Level 1-5) based on their average daily amount of liquidity provided. Traders on V1 can also earn NFT Medals based on their trading volume.
MyTrade NFT Medal holders will get special VIP benefits that include MyTrade Token airdrop, additional staking dividends, and more.