An automated decentralized liquidity and on-chain trade tracking ecosystem that champions transparency for all.
Decentralisation is the new buzzword of the year. As shown by the success of Uniswap and other decentralized exchanges (DEX), such peer-to-peer (P2P) online platforms, which allow direct cryptocurrency transactions between two parties via the blockchain, are soon becoming mainstream.
With all trades being conducted on-chain, millions of users are now able to trade or swap ERC20 tokens in a trustless and permissionless environment that is both safe and secure. Effectively eliminating the need for third parties, DEXes like UNISWAP also operate with lower fees and faster transaction times as compared to that of centralized exchanges.
The Spiking Ecosystem — SpikeSwap DEX
Spiking is the only AI stock trading platform that creates total transparency in the world of Insider Trading. With a comprehensive algorithm that ranks, sorts and compiles insider data into a real-time dashboard, Spiking allows users to gain insights into what the top experts are buying and trading, thereby saving the community hundred of hours in stock investments and trading.
SpikeSwap is a key component of the Spiking ecosystem. Built upon Ethereum with an Automated Market Maker function, SpikeSwap allows trade tracking on-chain for users. It aims to fulfill two key roles within the DeFi space:
- Establishing and growing liquidity for DEFI traders and projects
- Tracking whale trades before their occurrence to provide windows of opportunity for SpikeSwap users/traders
Operating both alongside and within existing DEXes like Uniswap and Sushiswap, SpikeSwap traders will be able to conduct larger scale arbitrage trading and stay one step ahead of traders on other DEXes in an inefficient and nascent market.
SpikeSwap will be built on Ethereum with an Automated Market Maker (AMM) function and function seamlessly with core functionalities alike other ethereum-based DEXes like Uniswap. But having its own DEX,Spiking can port essential functionalities in its stable of products, including Robobull — a proprietary AI Robot that utilizes AI to create a portfolio of different whales based on the individual trader’s risk/reward ratio.
Overall, SpikeSwap will allow for a deeper and more integrated understanding of on-chain liquidity and enhance the ability of the Spiking ecosystem to interpret these data quickly, staying ahead of “whale trades”.
ySpike Token (ySpike)
ySpike will be used as the governance token and its utility is derived from incentive for liquidity pool providers. ySpike is an ERC20 token which will conceptually derive its market value based on market forces and ecosystem size.
Users who own the ySpike Token are entitled to voting rights within SpikeSwap. Additionally, they will qualify for a share of additional transactional fees of swapping within ySpike as well as fees resulting from the usage of the SpikeDEFI and Spiking app.
More information regarding the exact fees and mechanisms will be released in Q1 2021, prior to the launch of SpikeSwap.
Spike DEFI watch
Spike DEFI Watch (SpikeDEFI) is an on-chain tracking tool that will be deployed using the same proprietary algorithm as Spiking. SpikeDEFI will be layered upon SpikeSwap to help provide Spiking users with real-time signals on potential movements in the market based on whale wallet movements.
Since SpikeDEFI plugs directly into Spiking, users will be able to interpret these signals, and even carry out automated trading functions on the Spiking Platform itself, including both iOS and Google Play versions.
Stay tuned for more updates.
