Thread by @jstcallmepapi

As we continue to approach the date of the @MyMetaTrader IDO, we have been continually inundated with BULLISH news

❓ Wen airdrop, wen CEX, wen use case, wen wen wen

🧵 In this mega thread I will address every single point of interest on #MMT

LETS GET INTO IT! 👇

⏪ But first let us review; what is mTrader?

#MyMetaTrader is the first leverage DEX built with the aid of GPT-3 on the Arbitrum blockchain. MMT allows trading across diverse asset classes, maximizes your capital efficiency, and minimizes your risk exposure

💭Okay, but HOW?

1⃣ This brings me to my first point: risk is already minimized on the front end by removing centralized entities from the equation. There are a number of reasons that trading with a CEX is less secure:
-Vulnerable to hacking
-Fraud risk (see: FTX)
-Scam wicks

👮 How does MMT eliminate these risks?

To begin with there is no KYC, and no deposit process required, and MMT takes no responsibility in the management of their risk on any positions so there is no need for an intermediary. This means users can transact with eachother directly

🚨 No scam wicks? Explain

One of the most unique features of $MMT is it's customized chainlink oracle network used to fetch median price. The elimination of the restrictive nature of order books allows for 100x more capital efficiency.

🤖 How do these two things work?

1⃣⛓️The oracle network takes the average of multiple oracle nodes, and 4 CEX's in order to get the most accurate price. If price is deviated by >1% then the oracle will be excluded from the calculation of the average

2⃣🔐 Unlike other oracles which use multiple vaults, @MyMetaTrader uses just a single vault for opening trades on all pairs. Losses, and wins both are covered by the vault. The vault collects a portion of the trading fees that are split to mUSDC holders proportionally

❗️ Isn't this risky? How can the vault cover so much loss?

📸The protocol has risk management measures in place. It operates on an epoch system in which snapshots of open PNL are taken at the end of each, and a buffer is created with mUSDC if irregularities are detected

💲About those fees, what is the percentage?
🔴Cryptocurrency: Spreads on BTC/USD and ETH/USD are fixed at 0.04%
-Opening trades: 0.08%
-Update SL/TP: 0.015%
-Closing trades: 0.08%

🔴Forex: Spreads on all major forex pairs are fixed at 0.01%
-Opening trade: .008%
-Closing: .008%

🧮 How do the fees break down?

Fees are split down the middle between the treasury, and the MMT DAO, according to the modal:
Ecosystem fee is split between Single-Sided Staking/mUSDC vault
Market/Limit fee to staking if the order is a market order/to NFT bots if its a limit

🔗As for the rollover fee, it is paid while trades are open. The funding fee is either paid, or earned depending on the position held

As far as limits go, there are a few risk management limits in place. Some may be removed in the future:

1⃣ Limit of 3 open trades per trading pair per wallet (will be removed in the future)
2⃣ Maximum open interest (long/short) per pair for risk management of liquidity providers
3⃣ Maximum open collateral per asset class.
4⃣ Winning percentage capped at 900%.

⏪ Let's (p)review before we move on, MMT offers a superior experience to traders of all levels:
- Simplifying user experience
- Superior fee modal
- Best source for liquidity
- Best prices
- Advanced trading features
-Future multi-chain operability (here is your preview 😉)

🪙 Let's cover the topic of tokenomics a bit

With a total supply of 5,000,000 there is a much tighter supply. Do keep in mind that the supply is absolutely subject to change which I will discuss later in this thread.

🗣️ The chart is fairly self explanatory however I want to elaborate on what the community incentives includes. Vault rewards, liquidity for DEX(s), expansion efforts, future grants, and market maker allocations for CEX(s) are all a part of this portion of the budget.

🟢It is also worth nothing that there are no taxes of any kind for buying, selling, or transferring $MMT from one wallet to another.

🪂 Now the part so many of us are waiting for; the airdrop. The airdrop will account for 5% of the supply (250,000 tokens). These will be distributed based on roles, and contribution. I have written a detailed thread about it here to review:

https://twitter.com/jstcallmepapi/status/1623348490763112448?s=20&t=IzAdwWhTBJ040s_2o6zSNw

❗️Please be aware that the sprint event for airdrop roles has concluded, and although you are still able to earn various airdrop roles; many have been claimed. The roles are scarce, and in high demand at this point

🗓️ With the conclusion of the sprint, there are many events coming up very quickly! Those who missed earning a role in the sprint can look forward to getting involved with testing on the 17th with the chance to be rewarded.

This will be followed closely by the IDO

💥 The IDO will occur on February 19th @ 14:00 UTC on @pinkecosystem

40% of the supply will be allocated to the fair launch (2,000,000) and in the event that all the tokens are not sold; the remainder not sold will be burned

pinksale.finance/launchpad/0x5B…

💸 Soft cap: 300k
💰 Hard cap: 600k

➗ As for how the funds from the raise will be used, they will be used entirely to bootstrap the vault, and liquidity on the protocol in addition to community reward incentives

❔ Will there be pre-sale?

Yes, there is a very limited number of whitelists available, 666 exactly. The pre-sale will occur half an hour before the IDO goes public.

🟢Minimum: .1 ETH
🔴Maximum : .5 ETH

🗒️ Be aware the min/max applies to presale, and public buyers

👥 How can I get involved?

Recalling from a few tweets back, a testnet event is approaching. If you want to participate in the pre-sale, or secure an airdrop allocation this is one of your final chances. I wrote a tutorial on the testnet, check it out:

https://twitter.com/jstcallmepapi/status/1625795293722693632?s=20

🔧 Let's discuss utility! $MMT has a boatload of utility that almost all equates back to profit for those that hold the token passively even. Let's take a closer look at the use cases here:

▶️ Staking
-Earn USDC revenue generated from opening fees
-Earn USDC from closing fees. This comes passively to stakers
-Earn USDC from liquidation fees

▶️ LP:
-Providers earn portions of the trading fees generated in the $MMT/ETH pool

❗️Provisioners should be aware of impermanent loss. On the inverse when new tokens are listed, and traded then trading volume spikes; stakers can enjoy a HUGE APY bonus

▶️ Passive rewards:

🤲 Simply holding $MMT can give you a discount on trading fees! Holders of over 2,000 tokens will see a 50% discount on all fees. This is a huge incentive to accumulate, and hold.

🗳️Protocol Votes:

As mentioned, there will be a DAO. This means $MMT will also be a governance token that gives holders voting power. mTrader looks to shape it's protocol around it's users

The team has already demonstrated this through the founding of the community 👀

🧑‍🤝‍🧑 The growth of this community has been phenomenal. It is worth noting that this community was under 10k upon my arrival Jan 31. We have been experiencing the most explosive organic growth I have ever witnessed.

🔙 As we are coming to the conclusion of this thread, I would like to highlight a few fine points in review:
-100% decentralized/No KYC required
-Multiple streams of passive income possibilities
-Inability to go into debt from trading
-No login/one stop to trade diverse assets

🖊️ I am quite sure I could continue to rain praise, and highlight fine points regarding $MMT however I have already done so here, if you would like further reason to get involved:

https://twitter.com/jstcallmepapi/status/1623816640071897088?s=20&t=TrzKti-idsSGbytmNO6Ang

🎉 That about sums it up, do make sure to hop into discord, and say "hi" if you have not already: discord.gg/mtrader

Shout out to @_BillionAireSon and @MyMetaTrader

See you at mainnet! 🫡

@_BillionAireSon @MyMetaTrader 🎯 And with that we will wrap this up. Reminder that IDO is on February 19th!

IDO price will be $0.3 USD/token on @pinkecosystem
Listing will be at $0.4 USD so you already have made a 30% profit if you participate. Hope to see you on the other side: pinksale.finance/launchpad/0x5B…