Abstract:
A large, rapidly growing segment of trading opportunities exists exclusively on decentralized exchanges. Many traders spend countless hours scrutinizing charts, volume data, wallet addresses, smart contracts, communities and more searching for the next trading opportunity. Although many have tried there has not been a platform that has presented itself yet to provide a truly user friendly flow of information that enables discovery and is technically capable of processing the data for any contract on any protocol among other features.
Mission:
The value of any data is often defined by the valuable insights that can be garnered from its aggregation. The race for proprietary data sets as a result of the varying capabilities of extracting insights has created an environment where information asymmetry is leading to an unsustainable functional divide between participants in global markets. The DeChart mission is to build products and services that make all the world’s data freely available to everyone with security, privacy and portability. We hope to help create a world where markets can be truly transparent and digital products and services can be exchanged freely and efficiently for the benefit of all humankind.
Vision:
DeChart exists to fulfill the simple vision of facilitating a truly transparent global digital marketplace where information is unbounded and freely available, and barriers for exchange are non-existent.
While DEXs are capable of facilitating exchange even in low liquidity markets, it is imperative that a decentralized solution exists independent of the gatekeepers such that professional market making becomes a relic of the past. Such a solution must necessarily be owned and operated by the participants of the market themselves, with no ownership control of the underlying data resting in the hands of any subset of participants. DeChart data is and will continue to be freely available to all, and the platform is governed by a shared vision of providing the best tools that can be built atop any broker of exchange. DeChart sits at the apex of true trade and exchange, making sense of the evolutionary nature of exchange arbitrage platforms.
How it works now:
The number of decentralized exchanges with massive volume is rapidly growing. In summation — Uniswap has become one of the leading decentralized exchanges for ERC-20 assets, similarly PancakeSwap is one the leading exchanges for all BEP-20 assets, and so on. Current solutions for consumers wanting to access trading data for Uniswap, Pancakeswap, or any other DEX are either non-existent, poorly built or lacking support for all protocols. Most DEXs that were not built to perform sophisticated financial analysis, they provide very simple insight into the tokens that trade on their platforms. Due to this, there are a number of platforms in the space currently providing 3rd party tools to aggregate these broad data sets in a scattered and disorganized way. DeChart aims to be the world leader in the aggregation of data from decentralized exchanges and the most concentrated, advanced data solution for users seeking trading resources.
Market Analysis
The global market for trading software is worth billions of dollars and alternative investments tens of trillions. Both institutions and individuals will continue to require an ever-developing and improving set of software tools to contend in today’s rapidly evolving financial markets. This is both true for the alternative asset community, and for those interacting with more traditional assets like foreign currencies. The market for DEX trading solutions is highly underserved, without any legitimate professional trading tools. DeChart aims to fill this shortage by producing highly effective, state of the art software utilizing a dedicated and aligned network of highly pedigreed, qualified contractors around the world.
How we see it working
DeChart stands to create a platform where any user can easily consume an extremely diverse data set within one simple intuitive platform, all while discovering new opportunities and making informed trading decisions. We believe that through the learnings of traditional institutional trading and external charting platforms that DeChart is the right solution. We envision and are building tools that are user friendly and democratize an experience previously only present on expensive, institutional grade trading platforms. We created a flexible dashboard enabling many sets of data within the same console in a configurable way that allows for traders to best capture and analyze alpha opportunities. We also recognize an enormous set of data that has immense value existing in an even more fragmented scatter all across the various data outlets of Web 3.0, within this are major opportunities to enhance data consumption, we aim to create consumable data in ways that are intellectually proprietary to DeChart.
Strategic Advantages
DeChart is a decentralized autonomous organization that has contracted a multiple development teams comprised of tech, financial and crypto industry veterans with a hundred+ years industry combined experience. The team and their constituent organizations have deep strategic relationships with both crypto and traditional institutions in all immediately relevant markets.
DeChart has a proprietary tech stack and will ultimately source data directly from blockchain protocols, not from third party APIs. The aforementioned has numerous benefits, most notably speed, and enables unique features.
The DCH Token
DeChart’s token economics enable a stakeholder managed DAO, with 100% of revenues going to bought back DCH from the open market and sent to community treasury.
The DCH token is the center of DeChart, connecting the system and forming the basis of its longevity. One’s DCH holdings represent their voting weight in the DeChart ecosystem. The total fixed supply at launch is 125,000,000 DCH, which breaks down into tokens for the sale, Syrup Pool, Initial Liquidity Pool, Community Treasury, Founder Pool, and Initial Staking Pool. 56,250,000 DCH tokens will be available for sale at a price of $0.023 per DCH, the sale will last approximately 2.5 days and any unsold tokens will be burnt. DCH tokens can be staked in the sDCH pool to earn rewards and exercise voting rights.
Initial liquidity of 40% will be locked until at least May 13th of 2022. It is important to note that in order for users to participate in staking, they will need to stake DCH BNB CAKE LP Tokens to receive rewards. Staking rewards comprise of the initial staking pool, which will be largest for early stakers decreasing over 6 months, and treasury when stakers vote for rewards.
DeChart is a DAO with the core product designed to be the data set created by users and governed by users. The self-provisioning tools built to access and utilize this data are secondary to the value of the data platform. As such a 40% liquidity lock up allows for a wider band of users to have input into the direction of how this data is managed and made available to incentivize more developers at the outset, leading to a greater acceleration of data aggregation that is beneficial to the entire DeChart ecosystem.
The community will govern the DeChart platform, users will be responsible for proposing additional features and operating the DAO using the voting power of their tokens. The community has been given a community treasury of 13,750,000 DCH.
The treasury includes all DCH bought back from the open market using DeChart revenues from the self-serve promotional platform and other DAO revenue streams. Community governance proposals will activate and Community Treasury tokens will begin emissions starting in Q1 2022 at a rate of 4.16% per month or 572,000 per month for 24 months. Please note the aforementioned figures do not include Community Treasury tokens added from DeChart Revenues, these emission figures will increase. Over the next weeks, months, years and so on we will be releasing new features, supporting new DEXs or protocols and will be exploring cross-chain utility when layer 2 Ethereum solutions are more widely adopted.
Get DeChart’s stories in your inbox
Join Medium for free to get updates from this writer.
Each month for 18 months 5.5% of the Community Rewards tokens will be unlocked and available to be earned by users on referral.dechart.io. The top 15 users who share latest updates and promote DeChart each month will be rewarded based on performance that month.
Tokens in the Founders Pool will be locked up for 12 months and be distributed per block via smart contract.
Timeline:
DeChart aims to to enable trading and charting on all popular protocols and DEXs.
2021
Q2
- Launch with PancakeSwap / BSC pairs
- Staking and Rewards
- Uniswap Support / ETH pairs
- Syrup Pool (Application Pending)
- All TradingView Assets
Q3
- Price Alerts
- SushiSwap Support
- Polygon Support
- Community Chat
- NFTs
- New Contract Scanner
Q4
- More DEX/CEX support (Loopring and other ETH Layer 2 DEXs)
- DeChart Games
- Expandable Order Book
2022
Q1
- Mobile app
- Community Treasury
- Community Governance
DEXs or protocols may be added to the timeline in the future on https://www.DeChart.io.
