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Palmswap

Blockchain
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Palmswap is a decentralized crypto asset exchange platform that facilitates perpetual futures trading on the Binance Smart Chain (BSC). The exchange offers decentralized perpetual trading as effectively as centralized platforms, eliminating entry barriers so anyone can trade by simply connecting a BSC-supported wallet. Palmswap’s primary goal is to build one of DeFi’s most inclusive and functional ecosystems. The platform intends to use each product or feature to solve problems in the sector and will continue to launch more products as demands arise in the DeFi market. Furthermore, although Palmswap is building on BSC, the platform will enable cross-chain compatibility to expand access to more potential users. Traders around the globe will be able to take advantage of Palmswap’s trade-to-earn functionality to trade on the platform and earn rewards. ...Show MorePalmswap is a decentralized crypto asset exchange platform that facilitates perpetual futures trading on the Binance Smart Chain (BSC). The exchange offers decentralized perpetual trading as effectively as centralized platforms, eliminating entry barriers so anyone can trade by simply connecting a BSC-supported wallet. Palmswap’s primary goal is to build one of DeFi’s most inclusive and functional ecosystems. The platform intends to use each product or feature to solve problems in the sector and will continue to launch more products as demands arise in the DeFi market. Furthermore, although Palmswap is building on BSC, the platform will enable cross-chain compatibility to expand access to more potential users. Traders around the globe will be able to take advantage of Palmswap’s trade-to-earn functionality to trade on the platform and earn rewards. Show More
Stage
Growth
2 Followers
Team
Palmswap Roadmap

Milestones

8
3
Finished
Active
Planned
Unscheduled
100%
Palmswap v1 Development (dvamm DEX)
Build business
Budget
1.2mln $
Start Date
Feb 28, 2022, 11:00 PM
End Date
Feb 14, 2023, 11:00 PM
Short goal
Build the first decentralized perpetual DEX on BNB Chain
Build the first decentralized perpetual DEX on BNB Chain
Long goal
Building a decentralized exchange that allows fully decentralized trading of perpetual trading and at the time of market research, the first perp DEX on BNB Chain. We were building a DEX with a dynamic-automated market-maker model for trading execution.
Building a decentralized exchange that allows fully decentralized trading of perpetual trading and at the time of market research, the first perp DEX on BNB Chain. We were building a DEX with a dynamic-automated market-maker model for trading execution.
Launch auf Palmswap v2 (synthetic)
Build business
Budget
500k $
Start Date
Apr 29, 2023, 10:00 PM
End Date
Sep 19, 2023, 10:00 PM
Short goal
Make Palmwap more scalable, incorporate feedback from Testnet users as well as mainnet users to improve product.
Make Palmwap more scalable, incorporate feedback from Testnet users as well as mainnet users to improve product.
Long goal
Make Palmwap more scalable as well as capital efficient. incorporate feedback from Testnet users as well as mainnet users to improve product. Switched from dvamm to synthetics as dvamm was a very costly model and very hard to scale. The trading experience was a lot worse, slower and higher costs for traders. We fixed those issues with V2, launched more markets and got more traders onboarded.
Make Palmwap more scalable as well as capital efficient. incorporate feedback from Testnet users as well as mainnet users to improve product. Switched from dvamm to synthetics as dvamm was a very costly model and very hard to scale. The trading experience was a lot worse, slower and higher costs for traders. We fixed those issues with V2, launched more markets and got more traders onboarded.
Palmswap Launch on Testnet
MVP
Budget
350k $
Start Date
Dec 20, 2021, 11:00 PM
End Date
Feb 14, 2022, 11:00 PM
Short goal
Launch on BNB Testnet, get user feedback, testers, market feedback
Launch on BNB Testnet, get user feedback, testers, market feedback
Long goal
Launch on the BNB Testnet to see market response, market interest, collect user feedback, build community, etc.
Launch on the BNB Testnet to see market response, market interest, collect user feedback, build community, etc.
Token Launch - Community Fair Launch
Scale business
Budget
200k $
Start Date
Sep 19, 2022, 10:00 PM
End Date
Sep 26, 2022, 10:00 PM
Short goal
Launch PALM Token
Launch PALM Token
Long goal
Launch PALM Token over community fair launch, over Palm PAd, an own launchpad we built for the sale. Raised $1,8 million in public sale. Total funds raised including private sale $3,3 million.
Launch PALM Token over community fair launch, over Palm PAd, an own launchpad we built for the sale. Raised $1,8 million in public sale. Total funds raised including private sale $3,3 million.
Multi-Chain-Deposits
Scale business
Budget
30k $
Start Date
Dec 31, 2023, 11:00 PM
End Date
Jan 25, 2024, 11:00 PM
Short goal
Enable deposits into palmswap for traders and lps from multiple chains
Enable deposits into palmswap for traders and lps from multiple chains
Long goal
Easier access for users that have funds on other chains. They can deposit form any chain into palmswap opening the market reach of palmswap.
Easier access for users that have funds on other chains. They can deposit form any chain into palmswap opening the market reach of palmswap.
Copy Trading + Leaderboard
Scale business
Budget
100k $
Start Date
Jan 31, 2024, 11:00 PM
End Date
Apr 21, 2024, 10:00 PM
Short goal
Copy Trading of successful traders to attract more traders to platform
Copy Trading of successful traders to attract more traders to platform
Long goal
Copy trades of the best traders with a leaderboard and reward most successful traders, measured on a PnL basis
Copy trades of the best traders with a leaderboard and reward most successful traders, measured on a PnL basis
v1 Launch
Build business
Start Date
Mar 14, 2023, 11:00 PM
End Date
Mar 15, 2023, 11:00 PM
Short goal
Launch Palmswap Perp DEX
Launch Palmswap Perp DEX
Long goal
Onboard more traders, grow volume as well as platform revenue. Become leading perp dex on bnb chain
Onboard more traders, grow volume as well as platform revenue. Become leading perp dex on bnb chain
1CT Traing
Scale business
Start Date
Jan 14, 2024, 11:00 PM
End Date
Feb 14, 2024, 11:00 PM
Short goal
Improve Trading experience.
Improve Trading experience.
Long goal
Allow users to trade without confirming transactions on metamask. Improve trading experience. Develop further trading products on top of that.
Allow users to trade without confirming transactions on metamask. Improve trading experience. Develop further trading products on top of that.
Fiat on-ramping
Scale business
Start Date
Feb 29, 2024, 11:00 PM
End Date
Mar 14, 2024, 11:00 PM
Long goal
Easier onboarding for users outside of crypto. Broader target group. Simplify user onboarding into DeFi.
Easier onboarding for users outside of crypto. Broader target group. Simplify user onboarding into DeFi.
Cross Chain and launch on second chain
Scale business
Start Date
Feb 29, 2024, 11:00 PM
End Date
Apr 30, 2024, 10:00 PM
Long goal
More ecosystem support, increase target group onto a new chain, collaborate with chain for trading events, etc. Grow user base, token holders, traders and volume.
More ecosystem support, increase target group onto a new chain, collaborate with chain for trading events, etc. Grow user base, token holders, traders and volume.
Marketing Campaign Launch
Scale business
Budget
100k $
Start Date
Apr 14, 2024, 10:00 PM
End Date
Jun 14, 2024, 10:00 PM
Short goal
- Launch a Campaign Revolving around Ambassadors, Affiliates, and Referrals. Allocate Rewards Accordingly. Push social media activity and provide giveaways or other high-engagement activities for awareness. Twitter Campaign - Educational Posts through KOL's or partnerships with other projects AMA's Blog posts as well as more educational material in the form of videos for our Palmswap academy. PR campaign
- Launch a Campaign Revolving around Ambassadors, Affiliates, and Referrals. Allocate Rewards Accordingly. Push social media activity and provide giveaways or other high-engagement activities for awareness. Twitter Campaign - Educational Posts through KOL's or partnerships with other projects AMA's Blog posts as well as more educational material in the form of videos for our Palmswap academy. PR campaign
Long goal
Have more traders as well as long-term token holders in the community. Token price growth and revenue growth for protocol.
Have more traders as well as long-term token holders in the community. Token price growth and revenue growth for protocol.
Open Roadmap
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