While the masses are engrossed in MEME tokens and BRC20, a dedicated assembly of tech aficionados, passionate about the cryptocurrency industry, remains steadfast in their pursuit of the ideal that "technology changes the world”. MEKE, a decentralized perpetual contract trading platform developed on Binance Smart Chain, is being crafted to fruition by a cohort of technologically zealous individuals from the United States.
Contrasting the conventional centralized perpetual contract trading platforms, MEKE, crafted atop smart contracts, possesses distinctive attributes like unprecedented transparency and immutable data—traits absent in centralized platforms. This realization embodies the vision of true fairness for traders and allows them to maintain sovereignty over their assets.
Compared to existing decentralized perpetual contract trading platforms, MEKE provides an enhanced trading experience and boasts a more advanced trading algorithm. Whether on a computer or a mobile wallet, you can conveniently conduct your contract trading with MEKE. At present, MEKE's foundational build is nearly complete and will commence public beta testing in about a month. Participating in the beta test offers an opportunity to be airdropped with MEKE platform tokens.
Despite the overall crypto market's lackluster performance over the past year, if you're a pragmatic, feet-on-the-ground realist, you'll notice that the user base of some decentralized applications hasn't dwindled during the bear market. Instead, it has been steadily increasing. This trend is most prominent in the DeFi sector. Concurrently, the decentralized perpetual contract market within the DeFi sector has been making quite a splash, with leading decentralized contract trading platforms generating transaction fees exceeding hundreds of millions of dollars.
These phenomena unequivocally testify to a compelling truth: "Even amidst tepid market conditions, applications genuinely capable of revolutionizing the industry continue to flourish”. As soon as the climate improves, these transformative applications will reach unprecedented heights, and their value will naturally surge.
Decentralized contract exchanges, in particular, stand as one of the most promising and profitable arenas within the industry. According to professional platform statistics, the current daily contract trading volume reaches hundreds of billions of dollars, dwarfing spot trading volume by more than twice. The entire market generates profits in the billions. Yet, in this expansive market, the leading players contradict the very spirit of blockchain: centralized contract exchanges. In this vast arena, with daily trading volumes between $100 billion to $2 trillion, decentralized contracts only account for $20 billion to $40 billion, a mere 2% of the total market.
This signifies an immense, untapped market for decentralized contract exchanges. MEKE, on the one hand, aims to address the plethora of challenges currently faced by contract traders. On the other hand, it recognizes the vast potential of the entire market. With the dedicated efforts of numerous technologists and financial industry professionals, MEKE has developed a brand-new, user-friendly decentralized contract trading platform.
MEKE's raison d'être is to furnish cryptocurrency enthusiasts with an effective, secure, equitable, and transparent platform for decentralized perpetual contract trading.
In terms of underlying public blockchain selection, MEKE opts for Binance Smart Chain (BSC), backed by the formidable reputation of Binance. All of MEKE's critical functionalities are implemented through Binance Smart Contracts, ensuring an open and transparent process immune to fraudulent manipulation. Every successful transaction can be traced on the BSC. Throughout the process, user assets remain under the control of the account holder, secured by their private key, and inaccessible to others.
As for security, MEKE has passed the rigorous audit of CertiK, a globally recognized leader in blockchain security. This audit ascertains MEKE's robust security measures. Furthermore, MEKE is primed to initiate its public beta testing soon, inviting any and all cryptocurrency enthusiasts to identify potential vulnerabilities.
In terms of index pricing, MEKE adopts Chainlink oracle prices, blending them with real-time transaction prices to calculate a weighted average. This formula smoothens price fluctuations significantly, thereby mitigating the issue of price 'spikes' on the candlestick charts.
The cryptocurrency market is notorious for its high volatility. For the sake of user safety, the platform exclusively supports mainstream cryptocurrency contract trading, capping the maximum leverage at 25x. For professional traders, this leverage ratio is more than adequate to satisfy their trading needs. Going forward, the platform may adjust the leverage based on market response.
MEKE embraces a cross-platform strategy, supporting both desktop and mainstream mobile wallet applications. With its user-friendly interface, traders can embark on their trading journey anytime, anywhere.
In the face of daily trading volumes in the hundreds of billions of dollars, the advent of MEKE undoubtedly adds a cutting-edge tool to the industry's arsenal. MEKE addresses the fervent demand from tens of thousands of traders for open and transparent transactions, eliminates concerns about market manipulation by trading platforms, and assuages worries about the withdrawal of profits.
MEKE also boasts an expansive market. Even with just 1% of the industry's market share, MEKE's daily income would be substantial. Indeed, as the market's familiarity with crypto products grows, decentralized perpetual contract platforms are gradually encroaching upon the centralized market. Furthermore, the derivatives market itself is continuously expanding, which suggests a highly promising future for MEKE.
The cryptocurrency industry is an emerging and promising sector, often referred to as the next wave of the Internet technology revolution. The industry is currently in its nascent stage, ripe for quality applications. Any project that can address current market issues is poised to be the market’s darling. MEKE was born out of this objective - to alleviate the pain points of contract traders. After the team's relentless efforts, MEKE has completed 99% of its development and is set to launch its public beta in about a month. Beta participants even stand a chance to receive airdrop rewards from MEKE. For a project that stands at the forefront of the zeitgeist and genuinely solves industry problems, the public beta promises to be a bustling event.
MEKE-related communities:
Discord: https://discord.gg/meke
Telegram: https://t.me/MEKE_Offical
Twitter: https://twitter.com/MEKE_PROTOCOL
Official MEKE Website: https://www.meke.io/#/
Website: https://www.meke.io
Company: MEKE BLOCKCHAIN
Contact: MEKE
Email: Serve@meke.io
Country: Los Angeles, USA
"Disclaimer: The information provided in this article does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the article's content as such. This press release is for informational purposes only, and you should not make any decision, financial or otherwise, based on the information in this press release without undertaking independent due diligence and consultation with a professional financial advisor. MEKE does not hold itself out as a financial advisor or investment advisor. Trading in cryptocurrencies, and making any financial commitment, should be considered risky and may lead to the loss of capital. Past performance is not indicative of future results. Always make sure that you are fully aware and accepting of the risks before engaging in any trades or investments."
Published by: Mawra zafar