by 0xa73f38ab3ec1649363c0b7dff45dc72e403c9a38
Should the following $120,000 grant in the Platform category be approved?
Abstract
Trader’s DAO is solving the $10B annual liquidation problem in the crypto futures market by building a decentralized trading bot marketplace that connects struggling traders with professional trading strategies. By offering a transparent, secure, and community-driven platform, Trader’s DAO empowers users to make better-informed decisions and adopt more responsible trading practices. The goal is to create a Virtual Trading Hub, where you could create a virtual trading hub within Decentraland. Users can explore and interact with different trading strategies, participate in virtual trading workshops or discussions, and even watch live trading sessions. This would create a dynamic and engaging way to learn about and engage with crypto trading.
Grant size
120,000 USD in DAI
Project duration
12 months
Beneficiary address
0xA73F38ab3Ec1649363C0B7DFf45dC72e403c9A38
Email address
Description
Trader’s DAO is poised to transform the Decentraland platform by mitigating the high-liquidity risks inherent to crypto futures trading. Our project deserves funding because it will create a safer and more educated trading community within Decentraland, reducing the $10B annual liquidation problem in the crypto futures market. This will be achieved by integrating a decentralized trading bot marketplace, providing access to professional trading strategies, and fostering responsible trading behaviors. Furthermore, Trader’s DAO aligns with the ethos of Decentraland by promoting decentralized governance and community-driven decision-making. The funding will enable us to develop and deploy this innovative feature, bringing tangible benefits to the platform and its users by enhancing financial stability and literacy.
Here’s how Trader’s DAO helps address the issue:
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Access to Professional Trading Strategies: Trader’s DAO provides a platform where traders can access a diverse range of trading strategies developed by experienced professionals. This allows users to learn from the expertise of successful traders, improve their risk management, and reduce the likelihood of liquidations.
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Decentralized Governance: Trader’s DAO is governed by its community through a decentralized autonomous organization (DAO). This ensures that the platform’s development and decision-making processes are transparent, accountable, and driven by the needs of its users.
This can be accomplished through the development of a virtual space (LAND) in Decentraland where Trader’s DAO can set up a presence, providing a unique, engaging, and immersive way for users to interact with the DAO and its services.
Here are the extensions and benefits that this could bring to Decentraland:
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Virtual Trading Hub: Trader’s DAO could create a virtual trading hub within Decentraland, where users could explore and interact with different trading strategies, participate in virtual trading workshops or discussions, and even watch live trading sessions. This would create a dynamic and engaging way for users to learn about and engage with crypto trading.
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Educational Resources: Trader’s DAO could provide educational resources within its Decentraland property. This could include interactive lessons, workshops, or Q&A sessions with experienced traders. This would not only enhance the services of Trader’s DAO but also enrich the educational content within Decentraland.
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Community Engagement: Decentraland’s virtual reality environment is ideal for community engagement. Trader’s DAO could host regular community events, meetings, or voting sessions within their Decentraland property. This would allow for a more engaging and immersive DAO governance experience.
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Advertising and Visibility: Having a presence in Decentraland could also increase the visibility of Trader’s DAO. This could attract more users to the DAO, potentially increasing the number of successful traders and reducing the overall number of liquidations.
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Economic Activity: By offering its services in Decentraland, Trader’s DAO would contribute to the economic activity within the virtual world. This could involve transactions using MANA, Decentraland’s native currency, thus integrating Trader’s DAO more closely with the Decentraland ecosystem.
Roadmap and milestones
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Smart Contract Development (4-6 months): We’ll develop the TAO smart contract, incorporating features for decentralized governance and trading strategy marketplace. We’ll share weekly updates on development progress and any key decisions made regarding contract functionality.
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Smart Contract Audit and Testing (1-2 months): The smart contract will undergo thorough testing and a security audit.
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Mainnet Launch (1 month): After successful testing and auditing, we’ll deploy the TAO smart contract to the mainnet. We’ll host a launch event in Decentraland to celebrate and educate the community.
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Virtual Trading Hub Development (2-3 months): Concurrent with the integration with KepingAi trading bot marketplace, we’ll start building a virtual trading hub within Decentraland. This hub will serve as a physical representation of Trader’s DAO, offering interactive experiences and community events.
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KepingAi Integration Trading Bot Marketplace (2-3 months): Connecting the revenue sharing of KepingAi to Trader’s DAO for distribution to members.
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Marketplace and Virtual Trading Hub Launch (1 month): We’ll host a grand launch event in our Decentraland space and provide tutorials and guides for users.
For long-term transparency and community engagement, we plan to:
- Share monthly progress reports detailing achievements, challenges, and future plans.
- Host quarterly AMA sessions in Decentraland, giving the community a chance to ask questions and provide feedback.