In the fast-moving world of cryptocurrencies, Mirakle is a fresh face, bringing a new platform for decentralized finance (DeFi) on Fuse network. As a decentralized exchange (DEX), Mirakle caters to traders by providing spot and perpetual futures trading. The platform is noteworthy for its on-chain analytics, enabling traders to scrutinize their performance while retaining control over their assets, removing the need for third-party custodians.
DeFi Market Overview
The global DeFi market has been experiencing meteoric growth, valued at USD 11.78 billion in 2021, and projected to expand at a compound annual growth rate (CAGR) of 42.5% from 2022 to 2030. This rapid growth can be attributed to the rising acceptance of DeFi, causing a seismic shift in the financial sector, and thereby fuelling market expansion.
Pain Points of Current Crypto Exchanges and Mirakle’s Solutions
Traditional and crypto-centric centralized exchanges (CEXs) have significant drawbacks. For instance, CEXs require you to entrust your funds to the exchange’s wallet, making your assets susceptible to sanctions, regulations, and security vulnerabilities. Furthermore, these platforms do not respect user privacy, requiring mandatory KYC checks, and limiting user access.
Mirakle is here to remedy these problems. For traditional financial systems, it eliminates intermediary financial institutions, significantly reduces transfer times, removes usage fees, and allows unobstructed global transfers. For crypto CEXs, it offers self-custody of funds, no KYC requirements, and democratizes control through community governance.
Mirakle’s Features and Offerings
Mirakle is rich with features, including multiple order types for both perpetual and spot exchanges. Users can profit through staking, farming, and providing liquidity. The platform offers governance features, mobile versions, options trading, social trading, synthetic stocks, and innovative trading games to incentivize user engagement.
Two of these games, ‘Ace Trader’ and ‘Golden 5’, are leader-board competitions that reward top performers based on their ROI from chosen portfolios. ‘Up & Down’ is another exciting game where users predict the direction of a given asset’s price movement.
Tokenomics
Mirakle operates with QIJI as its utility and governance token, with a capped supply of 100,000,000. Holders of QIJI enjoy a myriad of benefits, such as governance rights and incentive rewards. The QIJI token is distributed across multiple channels, with the majority being converted to Escrowed QIJI (esQIJI) over two years.
Another noteworthy token is QLP, which acts as Mirakle’s liquidity provider token and serves as an index for assets used in swaps and leverage trading. QLP holders can earn Escrowed QIJI rewards and a significant portion of platform fees paid in Fuse.
The platform’s fee structure ensures a fair distribution of collected fees. 60% goes to QLP Stakers, 30% to QIJI & esQIJI Stakers, 5% to the development team, and the remaining 5% is used for buybacks and QIJI-Fuse LP.
Roadmap
Mirakle has outlined a comprehensive roadmap, starting from Q2/2023 and stretching into Q4/2023. The three-phase approach commences with the initiation phase, where the basic trading infrastructure and interfaces are established. The stability phase follows, implementing advanced order types, incentive programs, and security measures. Finally, the expansion phase seeks to improve the platform’s interface, monitoring, and security while supporting synthetic markets and launching a mobile version.
In summary, Mirakle, with its innovative offerings, aims to change the landscape of decentralized finance. Its primary goal is to overcome the limitations of traditional and crypto CEXs, providing a secure, private, and decentralized platform where users have full control over their assets. Its features and future plans depict a promising journey for this upcoming DEX in the burgeoning world of DeFi.
Deployment on Fuse Network
The choice to deploy Mirakle on the Fuse Network stems from the promising prospects of the Fuse ecosystem. Home to a dynamic and vibrant community, the Fuse Network provides a fertile ground for the growth and development of projects like Mirakle.
The Fuse Network has been recognized for its commendable work in the DeFi landscape, particularly in providing a secure and user-friendly environment for DApps. It stands out for its ability to offer low-fee and high-speed transactions, making it an ideal choice for a DeFi platform like Mirakle.
Further enhancing this decision is the close support from the Fuse Foundation, the main engine on Fuse network who aims to promote and support the growth of projects within the Fuse ecosystem. Their active involvement and guidance are invaluable assets to the Mirakle team.
With such a conducive environment and solid support system, Mirakle looks forward to a successful deployment on the Fuse Network. Moreover, the team is eager to contribute to the network’s growth and development, solidifying Fuse’s reputation as a key player in the DeFi space and paving the way for more innovative solutions in the future.
Upcoming Trading Event and Partnership with Voltage Launchpad
Get ready for an exciting opportunity this June! Mirakle is organizing a trading event for those eager to participate and get a feel for the platform. Not only will you experience the dynamic and user-friendly interface of Mirakle, but you also stand a chance to win FUSE tokens. This event promises to be a fun and informative introduction to the world of decentralized finance.
Event Link: Mirake | Decentralized Perpetual Exchange
In other exciting news, Mirakle is joining forces with Voltage Launchpad, aiming to become the first project to launch on this platform. The Mirakle team is diligently working with Voltage Launchpad to ensure a seamless and successful launch. This collaboration highlights Mirakle’s dedication to building strong partnerships and constantly expanding its ecosystem.
Keep an eye out for more information, which will be announced in the upcoming weeks. This is an exciting time for Mirakle, and they’re looking forward to sharing it with their community. Whether you’re new to DeFi or a seasoned trader, get ready to embark on a journey of growth and exploration with Mirakle.
Links:
Website: https://mirakle.io/
App: https://app.mirakle.io/
Twitter: https://twitter.com/defiMirakle
Telegram Group: Telegram: Contact @mirakledex
Telegram Channel: Telegram: Contact @defimirakle
