OpenWorld

451 days 前更新

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项目愿景

A decentralized derivative exchange that support trading cryptoassets and synthetic financial assets

项目介绍

OpenWorld is a decentralized derivative exchange that support trading cryptoassets and other synthetic financial assets in non-custodial way. OpenWorld facilitates trading by building an open-source and transparent financial protocol that matches trader with trading capabilities such as long, short, margin trading to liquidity investors who provide liquidity to take counter-positions against the active traders for yield and trading fee earning opportunity. Pricing in the platform is provided by Chainlink Oracles from leading centralized and decentralized exchange.

Technical Details: It would be useful to include more information about the technical details of the OpenWorld platform. This could include details about the smart contracts, the underlying blockchain infrastructure, and the specific technical challenges that the project team anticipates encountering. This information could help demonstrate the team's technical proficiency and provide insight into the challenges and opportunities associated with building a decentralized derivative exchange.
Market Analysis: A more detailed market analysis could provide valuable context for the project. For example, the team could provide more information about the current state of the DEX and DeFi markets, including growth projections, user demographics, and competition. By providing a clear understanding of the market landscape, the team can make a stronger case for why OpenWorld is necessary and how it will differentiate itself from existing projects.
Use of Funds: It would be helpful for the team to provide more detail about how they plan to use the grant funds. For example, the team could break down the costs associated with building the platform, including software development, marketing, and legal fees. This information could help demonstrate the team's financial acumen and provide transparency about how the grant funds will be used.
Project Timeline: A more detailed project timeline could help demonstrate the team's ability to execute on their vision. The team could provide a breakdown of the key milestones associated with building the platform, including development, testing, and launch. By providing a clear timeline, the team can demonstrate their understanding of the project's scope and the challenges associated with delivering a high-quality product.
Team Bios: While the application provides a general overview of the team's background, it may be helpful to include more detailed bios of each team member. This could include information about each member's specific area of expertise, past projects they have worked on, and their relevant experience in the blockchain and finance industries. By providing more information about the team members, the team can demonstrate their competence and experience in relevant areas.

团队介绍

OpenWorld has 10+ team members in a group of diverse and complemented backgrounds: computer science, venture capital, private equity, digital media, and business operation. The core team knows each other personally and have worked together for 10+ years over various ups and downs in multinational firms as well as high growth VC-backed startups. We experience first hand short-coming of DeFi and GameFi through projects we built on, for example DeFi solves the depository issue by offering high yields, however DeFi protocols in the market lack a channel to direct those funds into value creating projects in order to make even higher yields to pay back the depositors. The state of the DeFi market even as of today is still very circular inside the crypto space, mainly there is a lack of a connection and channel of funds, equity and debt, between the crypto world and the real world, making adoption to mainstream a challenge for crypto technology. Still, we also acknowledge the power of blockchain in decentralizing finance and create, for the first time in human history, authentic and true digital ownership with digital assets. Shaken by the recent collapse of FTX and risks of centralized finance continue to bring to users as well as inspired by developments from DeFi space from DEX to innovative perpetual trading exchanges, we think of building OpenWorld to be a financial house. This is our effort to bring the beauties of what the financial industry has developed throughout hundreds of years into crypto space and do it in a decentralized way. Finance is an extremely complicated area and so is blockchain. The most difficult breakthrough that blockchain needs to do is to offer real value and tangle with real life, into the people of the main streets. Thus we hope OpenWorld to play a role in that breakthrough, connecting people from crypto area to financial assets developed from traditional finance space. Bring blockchain technology to the finance industry. Provide opportunities and risks from financial assets that are not easily approachable (such as exposure to US indexes) to many people on the planet with just a smart device, internet connection, and a crypto wallet. That is the quest of democratizing finance.

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