Our goal at DexToro is to become the leading decentralized derivatives trading platform, and so far, in 2024, we've managed to stand out! Every day, we're breaking new records for DexToro, increasing its trading volume and generating record trading fees, showing that - the users love DexToro!
With 2023 behind us, 2024 is the year where we're continuously building. We're eager to share our progress with our community, and we've decided to update our roadmap to keep everyone in the loop! This article provides a high-level guide to what we strive for in 2024 and 2025.
Our primary goal is to improve the DexToro experience by adding new features, enhancing what's already available, and making trading seamless with minimum fees and delays. We successfully launched the trading platform and reached a record trading volume of over $5 million in just two months. Users are incentivized to trade through the rewards program, and the DexToro token got listed on a CEX to expand access to $DTORO.
What we've already achieved is part of our strategy to evolve into the leading decentralized derivatives trading platform. But how will the next couple of months look for DexToro?
We aim to focus our development on three key pillars:
Improving the trading experience
Generating exposure for the platform and the ecosystem
Expanding the DexToro brand
In 2024, we prioritize creating a familiar platform that outperforms a CEX. Familiarity results from adding features to the existing centralized platform that make traders more comfortable.
Our current development efforts are targeted toward finalizing the referral program and launching one-click trading. With these features, traders can trade even more on DexToro and share their results on social platforms.
Another trading feature we're working towards is copy trading, where we plan to leverage expert traders to trade profitably. Our concept of the iOS and Android app will provide more use cases for traders and allow them to use our trading tools without being location-restricted.
In 2024, we aim to open the platform to new investments to build the brand and enter a new stage to expand our use cases into the ecosystem. We started a new angel investment round where we're seeking $250,000 with the goal of bringing on experienced VC and advisors with close connections in the industry.
Marketing is in the works for 2024 to help DexToro position itself as the leading derivatives trading platform. Marketing efforts are crucial to our expansion, and we'll be looking to work together with our partners for the best possible campaign. This will tie into the affiliate program we have been developing.
As part of the expansion efforts, we will look to list new CEXs and DEXs to boost the ease of acquiring $DTORO and accessing our ecosystem. This is a secondary priority but will align with the marketing push we'll do this year.
Our purpose is to create a self-sustaining ecosystem for our users, and for that, we've decided to commission new security audits in 2024 and plan on expanding the network.
We're undergoing a security audit by CertiK, one of the leading security blockchain firms, to analyze and monitor our protocol. It will give DexToro users confidence that there are no fail-safe available.
Finally, our plans for the end of 2024 and the start of 2025 are to develop and launch two key ecosystem upgrades to help us migrate away from Synthetix and utilize our liquidity. We will shift towards a Liquidity-as-a-Service (LaaS) and provide white-label ready-made services for new protocols seeking to develop decentralized trading platforms.
The "Toros" chain is the last upgrade to help us create a self-sustaining trading ecosystem that doesn't rely on external networks. Toros will be a layer 2 blockchain network on Ethereum competing with Arbitrum, Polygon, and Optimism. The migration will take place in 2025, allowing Dextoro to perform faster and higher upgrades when available.
Here is our roadmap updated in real-time:
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