SpaceWhale is a Decentralized Exchange with a groundbreaking asset pricing algo which makes it the perfect DEX for long tail assets like MEME COINS!
SpaceWhale offers 50x Leverage trading on Meme Coins from networks like Solana, Base, and many others. In many cases SpaceWhale offers the ONLY Perps market for many Memes. And SpaceWhale can launch these markets faster than any centralized exchange can.
Traction:
SpaceWhale launched on Arbitrum only 1 month ago and has already over $400k in volume.
I noticed the link to your website is showing an error on my end… just wanted to flag that in case it’s not just me.
I have several questions, but I’ll keep it to a few key ones:
Security is crucial, especially with high leverage trading and the volatile nature of meme coins. What steps are you taking to secure the platform… And are there any audits planned or already completed?
Regarding the 50x leverage trading, how do you plan to manage the risks involved and are there safeguards in place to protect users from liquidations or extreme market volatility?
You’re planning to launch a new meme coin every week, which is ambitious I must say. How do you ensure a consistent pipeline of new assets?
Could you please share more details about your upcoming token launch and how it will be integrated into the platform… Also how will the revenue-sharing model work post-launch?
And finally, I’d love to see a more detailed roadmap to get a clearer picture of where SpaceWhale is heading.
Security is the top concern for SpaceWhale. First and foremost SpaceWhale was developed entirely with TDD (Test Driven Development) which helps to ensure the application is robust and secure from the start. Additionally the application is currently under review by 2 top security code audit firms and more info will be released upon their competition.
Since SpaceWhales’s liquidity pool is shared across all markets, it is critical to limit risk on a per-market basis to prevent contagion. So the following Market risk mitigation measures are taken: maximum open interest limits per market, market specific leverage limits, increased fees for lower cap markets, and a reduce only option in case of a potential project exploits.
Actually listing an asset per week is actually conservative given the market growth especially for memes. We already have a pipeline of upcoming projects. In short there is a huge demand for more complex financial markets for emerging assets than beyond the AMM’s where most assets begin.
The $SPACEWHALE token shares the profit from trading fees with users. It’s as simple as simply staking the token in the smart contract based system, and this is already built out. That said we have no yet set an official date for the token launch, but please follow our social for updates.
And I’m glad you’re interested in our roadmap. Frankly we have delayed publishing it as the blockchain we focus on attention on will change our priorities around a bit. Right now we’re only on Arbitrum, but we would like to find another network to make our “home” if you will.
And this is exactly why we are so excited about Metis!
Lack of Specific Milestones and Timelines: This roadmap provides a vague goal of launching a new meme coin every week “until forever,” but it lacks specific milestones or a clear timeline for growth on Metis. There’s no detailed plan outlining how SpaceWhale intends to scale on Metis in terms of infrastructure development, partnerships, or user acquisition and without these specifics, it’s difficult to gauge how effectively you will achieve the promised TVL and volume growth on the Metis ecosystem.
OverReliance on Meme Coins for Long-Term Success: this roadmap heavily emphasizes launching meme coins without addressing other potential market segments or use cases.
CHECK OUT OUR SPACEWHALE METIS PROMO VIDEO:
SpaceWhale is a Decentralized Exchange with a groundbreaking asset pricing algo which makes it the perfect DEX for long tail assets like MEME COINS!