π©Litepaper (English)
Last updated
Last updated
We understand the challenges that traders face in the crypto space. With bots occupying 86% of the total trading volume, it can be difficult for human traders to compete and make profitable trades. That's why we are working on integrating AI into the crypto trading environment. By training our own AI trade assistant, Trading Generative Data Transformer (TradeGDT), we believe that traders can benefit from a more accurate, less emotional version of themselves in their trading decisions Having this AI trade assistant is always a dream for a trader. But the heavy development cost and skill barrier (unsure how to code it or even plan the project requirement) is a big barrier to most of the traders. Talking about decentralized AI, we actually need a lot of quality data, But in order to train a powerful AI, we need sufficient and quality trading data. That's why we have united traders in a DAO, creating an environment where we can share strategies at the same time contribute data to the collective AI training effort. One of the unique features of our DAO is how we reward traders who put efforts in contributing and provide data with tokens. Having data is not an issue, it is just about how you monetize your data, you actually somehow provide the data to exchange everyday but you get nothing in reward, but only the spikes that are able to kill you coz exchange will scan on the heatmap and KO you. But now that you are contributing data over here, you not only contribute to a big project, but also get reward from the whole ecosystem, earn money and also get to benefit from this powerful AI. There are several utilities of our tokens as it would not just be the fees for AI training, it also can be consumed as gas fees as well as platform circulating currency for AI purchasing and trading. By increasing the utility of the token as a fee for AI training, we can build a healthy TradeGDT AI ecosystem while also contributing to the growth and success of our DAO. As a DAO, we offer a new model of governance and collaboration that is more democratic, transparent, and decentralized than traditional forms of organization. We provide a platform for communities to come together, pool resources, and achieve common goals in a more efficient and equitable way We believe that by working together as a community of traders, we can create a new era of crypto trading that is more accessible, profitable, and innovative than ever before.
Proof of Trade (PoT) is a consensus mechanism used in TraderDAO that requires significant trading efforts to generate valuable data for the TradeGDT AI. Similar to Proof of Work, PoT rewards traders who contribute trading data to the DAO with $POT tokens. This incentivizes traders to continue their normal trading activities while simultaneously contributing to the growth and success of TradeGDT. In essence, PoT allows for the creation of a self-sustaining ecosystem where traders can earn rewards while contributing to the development of a powerful AI trading assistant. The more traders contribute to TradeGDT, the more accurate and effective it becomes in making profitable trades. This creates a positive feedback loop where the success of the AI leads to more rewards for traders and the continued growth of the DAO. At TraderDAO, we believe in creating value for our users, which is why we have implemented a unique system for minting $POT tokens. Users can earn $POT tokens through their daily trading activities on the platform. TraderDAO stores 50% of the trading fee rebate in the treasury and mints $POT tokens to users with an equivalent value. This ensures that $POT tokens are backed by real yield, making them a valuable asset for traders to hold and use within the TraderDAO ecosystem. By using PoT and $POT tokens, TraderDAO is able to create a decentralized and self-sustaining ecosystem that benefits all traders within the community. It incentivizes traders to contribute valuable data to TradeGDT, while also providing them with a valuable asset that they can use to trade and participate within the platform. Overall, the use of PoT and $POT tokens adds to the unique value proposition of TraderDAO and its mission to revolutionize the world of crypto trading.
$POT token is minted through Proof Of Trade which means users just need to trade as usual and will be rewarded with $POT token. The $POT token supply is unlimited which means as long as there is trading, $POT will continue to be minted. Users need to achieve the corresponding trading volume contribution through their own trading volume, that will determine their $POT minting power, from lowest 20% to highest 80%, and the rest of the premium funds that are not used to mint $POT, will be transferred to the Difficulty Block Treasury.
L = Level Minting Power x = number of Mint Power Rr = Reward Rate Br = Base Rate Sb = Sub Block y = number of Sub Block TPcurrent = Asset Backing Price Tvolume = Personal Trading Volume
*Base on above formula, $pot amount minted is distributed as: 55% Fee Rebate - 40% Reserve For Trader - 10% Reserve For Referral - 5% Reserve For Events
As $POT is minted when trading fee rebate is pumped into treasury to back the value of the token. This asset back is also a real yield back as the fee generated is a revenue by TraderDAO, therefore is in USD. The asset backed mechanism of $POT will buy back the $POT token maintaining the base price of the token. Hence, it retained the base price of the POT token and made it impossible to drop below its backing price. Make a stability token.
In order for the $POT token to be minted at an equilibrium throughout all trades, a mint difficulty mechanism has been implemented. The minting will be carried out by block which each block has a set of trading volume, and the difficulty is set as when the market price increases the less token will be minted in order to achieve an equilibrium to all traders.
The $POT minting difficulty will be increase from block to block and the below formula show the difficulty level for each increasing block:
The above formula means that for the first block (n=1), the trading volume is 3 million. And for each subsequent block, the trading volume increases by 1 million.
After the deduction, The user premium funds will be stored in the Difficulty Block Treasury, and every time the Difficulty Block Trading Volume is reached, the Difficulty Block Treasury will transfer the premium funds to the $POT treasury, pushing up the base price of $POT.
Tvolume = Personal Trading Volume Rr = Reward Rate Br = Base Rate L = Level Minting Power
The Proof of Trade mechanic starts from trading, when traders trade through TraderDAO on Bybit, a percentage from the trading fee will be rebate back to TraderDAO by Bybit. With the amount of trading fee rebate from Bybit, 55% is set for $POT activation where the balance 45% is allocated to NFT, operations and affiliate.
(Note: Trading fee rebate from Bybit to TraderDAO is not 100% of the trading fee, just a percentage is rebated to TraderDAO)
The 55% for $POT activation is distributed to direct $POT minting based on trader minting power, referral program, $POT overbacking and $POT events. Where 5% is set for $POT events, the 50% that is distributed among direct minting, referral and overbacking are determined by trading volume to minting power of traders.
The 45% that is allocated to NFT, operations and affiliates will be kept as real yield. The breakdown allocation will be 20% to NFT, 5% to operation and 20% to affiliates.
The TraderDAO treasury serves as a repository for traders, providing support for all trading activities and future TraderDAO developments. Securing the treasury is of paramount importance, and this will be achieved by utilizing multi-sig technology and entrusting it to the most influential committee. The contributions of traders to the treasury are reflected in token pricing, highlighting the value of their efforts. Having a robust and well-managed treasury is important for several reasons: Sustainability: TraderDAO treasury can help to ensure the long-term sustainability of the DAO by providing a stable and reliable source of funding (for quality traders? And for ourselves as well). This can help to support ongoing operations, as well as future development of AI TradeGDT and other expansion. Independence: TraderDAO treasury can help to maintain the independence and autonomy of the DAO by reducing its reliance on external funding sources, such as venture capitalists or other third-party investors. This can help to ensure that the DAO is able to pursue its own goals and priorities, without being influenced by external interests. Flexibility: TraderDAO treasury can provide the flexibility and agility needed to respond to changing market conditions and user needs. By having a pool of resources that can be allocated to the AI initiatives and activities, the DAO can adapt and evolve over time, and stay relevant and competitive in a rapidly changing landscape. Transparency: A well-managed TraderDAO treasury can help to promote transparency and accountability within the DAO. By providing clear and detailed information about the allocation and use of funds, TraderDAO can build trust and credibility with its users and contributors, and promote a culture of openness and collaboration. Furthermore, there are plans to potentially train an AI using the trading data collected by TraderDAO. This AI will select the most effective trading strategies to manage the treasury, ultimately maximizing benefits for all contributors. The growth of the DAO treasury will be directly reflected on the price of the $POT token. People can vote to allocate a small portion of the treasury to a certain usage in order to capture benefits for every DAO member.
TraderDAO AI Research Lab will collect all transaction data via TraderDAO and develop various AI trading tools (including AI CyboTrade, AI Market Dynamic, AI Virtual Assistant, AI Auto Trading, etc.) to provide trading supports to traders, both new and old, for maximizing their trading profits. With the increase in trading volume in TraderDAO, TraderDAO AI will be able to increase the trading data recorded, analyzed, and processed. TraderDAO AI will only grow stronger and better and will be the ultimate Trading Generative Data Transformer (TradeGDT). TradeGDT is important because it can help traders to make more informed and accurate decisions, and to identify opportunities and risks more quickly and efficiently.
In traditional trading, traders typically rely on human judgment and analysis to make decisions about which assets to buy or sell, and when to execute trades. This process can be time-consuming, error-prone, and subject to emotional biases and cognitive limitations. By contrast, TradeGDT uses machine learning algorithms and data analysis techniques to identify patterns and trends in market data, and to generate insights and predictions about future price movements and market conditions. This can help traders to make more informed and data-driven decisions, and to take advantage of market opportunities more quickly and effectively. TradeGDT can also help to reduce the risk of errors and biases that are inherent in human decision-making. AI algorithms can analyze vast amounts of data and market information in real-time, and can detect patterns and anomalies that may not be visible to human traders. This can help to reduce the risk of human error, and to ensure that traders are making decisions based on the most accurate and up-to-date information available.
Moreover, TradeGDT can operate 24/7, without the need for breaks or rest, which can help to increase efficiency and reduce operational costs. AI algorithms can continuously monitor market conditions, and can execute trades automatically based on predefined rules and parameters. This can help to reduce the time and effort required by traders to monitor and execute trades manually, and can help to increase the speed and efficiency of trading operations. Overall, TradeGDT is important because it can help traders to make more informed and data-driven decisions, reduce the risk of errors and biases, increase efficiency and reduce costs, and take advantage of market opportunities more quickly and effectively. By leveraging the power of AI, traders can improve their performance and competitiveness in a rapidly changing and complex trading landscape.
We will have a strategic partnership with Bybit. Users only need to register through TraderDAO to obtain a Bybit account, and after trading on the Bybit platform, they can obtain $POT mining. Users only need to log in to the TraderDAO platform to collect it.
Refer your friend, build your community and enjoy 20% $POT from their Proof of Trade as reward, they will help you build your wealth. While at the same time, the more traders trade on TraderDAO, the higher the trading volume, the more data is fed to TraderDAO AI TradeGDT. TradeGDT will in turn assist you in your trading and revolutionize the way you trade forever. Referral is important for TraderDAO TradeGDT because it can help to improve the quality and quantity of data that is used to train and optimize the AI models. Data is the lifeblood of AI, and the accuracy and relevance of the data can have a significant impact on the performance and effectiveness of the AI. By encouraging referrals, TradeGDT can increase the diversity and volume of data that is available for training and testing the AI models, which can lead to better insights, predictions, and recommendations. Referrals can also help to ensure that the data used for training the AI is of high quality and relevance. By incentivizing users to refer data that is accurate, up-to-date, and pertinent to the problem domain, TradeGDT can ensure that the AI models are trained on the most relevant and valuable data. This can help to improve the accuracy, reliability, and relevance of the AI models, and ultimately lead to better decision-making and outcomes. Moreover, referrals can help to increase the adoption and utilization of TradeGDT by the broader community. By sharing their positive experiences and outcomes with others, users can help to raise awareness and interest in the potential of TradeGDT to improve business processes, enhance customer experiences, and drive innovation and growth. Overall, referrals are important for TraderDAO and TradeGDT because they can help to improve the quality and quantity of data, ensure relevance and accuracy, and increase adoption and utilization by the broader community. By leveraging the power of referrals, TraderDAO can create a stronger and more effective ecosystem that can help to solve complex problems and drive progress and growth in various domains.
