Backgroup And Story

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Last updated 1 year ago

Backgroup And Story

In the cosmic expanse of Allspark, a new arena has quietly emerged within Joyful Trade - the Duel Mode. It's not just a battleground for trades but a proving ground for wisdom and courage. Duel Mode, a unique PVP (Player vs. Player) trading mode, redefines the interaction among traders. Here, trading is no longer a solitary digital game but a vibrant clash of passion and intellect. In each round, traders engage in fierce bullish and bearish battles on the stage of Allspark, leveraging their strategies and intuition to predict market movements and secure the glory of victory.

Unlike conventional models reliant on Liquidity Providers (LPs), or those operating on P2Pool or Order Book models, Duel Mode innovates by completely eliminating the need for LPs, ushering in a storm of innovation. This innovation reshapes the landscape of decentralized finance (DeFi) trading, offering a new approach that enhances user participation, reduces complexity, and potentially mitigates systemic risks associated with liquidity pools.

Behind all this stands the robust support of Allspark's Omniyield gateway. Let us venture into Allspark's Duel Mode together, embarking on a journey of strategy, wisdom, and courage, and experience the boundless new realm of trading brought forth by Omnichain technology. As we traverse the path of Joyful Trade, we seek the brilliance and glory that belong to every individual.

In traditional perpetual contract trading, traders typically engage in direct leveraged trades against the market, which poses several limitations:

High Market Risk: High leverage can lead to significant market risks, especially in volatile markets, where traders may face a heightened risk of liquidation.
High Complexity: Traditional leveraged trading requires traders to have a deep understanding of the market, posing a high barrier for beginners.
Low Interactivity: In the conventional model, the interaction between traders and the market is unidirectional, lacking direct competition and interaction among traders.

Addressing the limitations of the traditional model, Duel Mode was born, aiming to solve these issues through an innovative trading mechanism:

Innovative Leverage Model: Duel Mode introduces a new type of leverage trading mechanism. Unlike traditional direct market leverage trading, Duel Mode allows traders to engage in PVP battles within a controlled environment, reducing the impact of single market fluctuations on traders. By bypassing the conventional LP model, Duel Mode simplifies the user experience. Traders no longer need to understand the complexities of liquidity provision, such as impermanent loss, or navigate the complexities of order book trading.
Risk Control: By limiting the trading time and operations for each round, and offering a selection of leverage options, Duel Mode not only adds an element of fun but also effectively controls risks.
Enhanced Fairness and Transparency: The PVP model ensures that each trade is directly matched against another trader's position, promoting a more transparent and fair trading environment. This direct matching mechanism minimizes the potential for market manipulation and provides a level playing field for all participants.
Community Engagement: Duel Mode leverages the inherent competitive spirit of the PVP framework to foster more active and engaged community participation. This competitive trading environment encourages active involvement and continuous engagement, contributing to a vibrant ecosystem.

PreviousDuel Trade NextTrading Mechanism

Last updated 1 year ago

In traditional perpetual contract trading, traders typically engage in direct leveraged trades against the market, which poses several limitations:

High Market Risk: High leverage can lead to significant market risks, especially in volatile markets, where traders may face a heightened risk of liquidation.
High Complexity: Traditional leveraged trading requires traders to have a deep understanding of the market, posing a high barrier for beginners.
Low Interactivity: In the conventional model, the interaction between traders and the market is unidirectional, lacking direct competition and interaction among traders.

Addressing the limitations of the traditional model, Duel Mode was born, aiming to solve these issues through an innovative trading mechanism:

Innovative Leverage Model: Duel Mode introduces a new type of leverage trading mechanism. Unlike traditional direct market leverage trading, Duel Mode allows traders to engage in PVP battles within a controlled environment, reducing the impact of single market fluctuations on traders. By bypassing the conventional LP model, Duel Mode simplifies the user experience. Traders no longer need to understand the complexities of liquidity provision, such as impermanent loss, or navigate the complexities of order book trading.
Risk Control: By limiting the trading time and operations for each round, and offering a selection of leverage options, Duel Mode not only adds an element of fun but also effectively controls risks.
Enhanced Fairness and Transparency: The PVP model ensures that each trade is directly matched against another trader's position, promoting a more transparent and fair trading environment. This direct matching mechanism minimizes the potential for market manipulation and provides a level playing field for all participants.
Community Engagement: Duel Mode leverages the inherent competitive spirit of the PVP framework to foster more active and engaged community participation. This competitive trading environment encourages active involvement and continuous engagement, contributing to a vibrant ecosystem.