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StormTrade is a perpetual DEX on the TON blockchain, which aims to attract over 10M TON users by implementing SocialFi components and incentivizing programs on its app. At the heart of the platform's utility lies the native $STORM token, mainly used for rewarding active traders, paying fees to the platform, reducing those fee costs through token staking, and providing access to the governance layer of the protocol.
On 9th April 2024, Storm Trade closed a Seed funding round with some tier 3 funds and angel investors as participants. However, the company hasn't clarified the amount of tokens sold and the funds raised.