What Is El Dorado Exchange?
El Dorado Exchange(EDE) is a decentralized spot and perpetual social trading exchange which prioritizes user security and stable investor returns. In EDE, all the interactions will happen on-chain.
El Dorado Exchange Unique Features
Provide Liquidity
ELP liquidity providers share 60% of the platform revenue via $EUSD rewards and receive additional $EDE rewards when their liquidity is staked.
Trade with Leverage
Long and short top cryptocurriences with up to x30 leverage. Swap any supported token into the token of your choice with minimal swap fees.
Incentivised Trading
Unlike other DEX procotols, we want our traders to feel rewarded for their participation. The more you trade, the more levels you’ll obtain for your Soul Bound Token (ESBT), automatically resulting in airdrops & trading fee discounts.
Govern with $gEDE
Staking your $EDE for $gEDE enables governance rights over El Dorado Exchange, share of 40% of platform fees, and additional $EDE rewards.
Roadmap
Phase 1: The Core Trading Mechanism & Mainnet Launch
-Release Testnet 1.0 (completed)
-Begin testing phase and figure out core issues (completed)
-Work on Testnet 2.0 and iron out core issues & work on UX/UI issues (completed)
-Release Testnet 2.0 and begin second round of testing to identify any issues (completed)
-Ensure trading mechanisms are fully functional on Testnet (completed)
-Finish UI/UX improvement and work on $EUSD system (in progress)
-Begin Testnet trading competitions to showcase protocol to market (in progress)
-Begin IDO procedures (TBA)
-Launch Mainnet (TBA)
Phase 2: ESBT System
Establish a level system to track users’ contributions and trading records, in order to reward users better and automatically.
Phase 3: Full Social Trading
Innovative decentralized social trading functions, including fund managers, copy trading and built-in bots, to make EDE users trade better together.
Phase 4: A Defi Ecosystem
Creating lending mechanisms to increase capital efficiency for users. Expanding the ecosystem to provide more utility for the governance token and ELP, as well as providing more use cases for the $EUSD stablecoin.
Token economy
$EDE is the platform’s utility token, and $gEDE is the governance token.
$EDE
$EDE is the platform’s utility token. If you stake $EDE, you will get the governance token – $gEDE, as well as the $EUSD and $EDE rewards.
$gEDE
Governance EDE ($gEDE) is the governance token in the EDE ecosystem.
Users can get the $gEDE token by staking their $EDE token.
Each $gEDE has 1 vote in governance proposals. users who have $gEDE could join the voting for future community decision-making, protocol update, and more.
Detailed Token Metrics
TBA
Token Distribution
Total $EDE Supply: 30,300,000
| Type |
Percentage% |
Amount |
Token Type |
| STRATEGIC INVESTOR |
7.50% |
2,272,500 |
pEDE |
| TEAM |
16.50% |
4,999,500 |
pEDE |
| IDO-1 |
1.24% |
375,000 |
alphaEDE |
| IDO-2 |
1.24% |
375,000 |
EDE* |
| LIQUIDITY |
1.52% |
462,000 |
EDE |
| ELP STAKE |
16.80% |
5,090,400 |
alphaEDE |
| EDE STAKE |
25.20% |
7,635,600 |
EDE |
| EDE BOND RESERVE |
15.00% |
4,545,000 |
EDE |
| MARKETING |
4.00% |
1,212,000 |
alphaEDE |
| ESBT FARMING |
11.00% |
3,333,000 |
alphaEDE |
Token Release Schedule
TBA
Partners & Advisors
TBA
Team
TBA
Investors
TBA
