StormTrade is the largest decentralized perpetual exchange on the TON network, offering users an improved trading experience and SocialFi components on its platform. It enables users to trade stocks, crypto, commodities, and forex with up to 50x leverage in a non-custodial way.
Storm Trade is powered by the utility token $STORM, which plays a vital role in paying fees to the exchange and receiving fee discounts, giving access to the DAO layer on the platform, and various incentivizing programs.
On May 9th, 2024, the Magic launchpad added the project's profile on its site, where according to the profile, over 4.2% of the $STORM supply will be sold. However, the date of the IDO remains unknown.
Storm Trade - IDO Round on Magic Launchpad Overview
15% unlock at TGE, then 6 months linear vesting.
Magic (Square) Launchpad
Storm Trade - IDO Round on Magic Launchpad Round Result
Storm Trade - IDO Round on Magic Launchpad Current Token Data
How to join Storm Trade - IDO Round on Magic Launchpad?
To participate in the StormTrade IDO, you need to log in or create an account on Magic Square, complete KYC verification, and acquire some $SQR and $USDT in your wallet on the BSC network.
❗️ Important: The amount of $SQR should be equal to the amount of tokens worth in dollars that you are willing to purchase, in a 1:1 ratio.
For example, if you want to purchase $100 worth of $STORM tokens, you will need to acquire at least 100 $SQR tokens.
Once those requirements are met, proceed to the Magic Square launchpad staking page, stake the acquired amount of $SQR tokens, and go to the $STORM IDO page. There, enter the amount of $USDT you want to contribute, confirm the transaction, and wait until the TGE of the $STORM token.
🥳 Congratulations! You have successfully participated in the $STORM IDO.
Step-by-step Guide
Create an account or Log in to Magic Square;
Complete KYC verification;
Visit the $STORM IDO page;
Acquire some $USDT and $SQR equal to the amount of $USDT;
Stake $SQR;
Enter the amount of $USDT you are willing to contribute (no more than amount of $SQR amount staked);
Confirm transaction;
Wait until the TGE;
Receive the tokens.