Perpetual futures are currently one of the hottest trading products that allow traders to profit from the price risk of a particular financial instrument without actually owning the underlying asset. Previously, only well-known centralized trading platforms such as Binance, BitMEX, and FTX offered these popular trading products. However, since the fall of FTX, users have been more concerned about securing their funds or other potential risks. Not your key — not your coin; that’s why more users are now moving to trade on DEX as an alternative to CEX.
Today we are proud to introduce Open Meta Trade, a Decentralized Derivatives Exchange that will be launched soon. Although OMT was not an industry trailblazer, we are confident in our ability to pave the way for future innovations thanks to our comprehensive offering and our team's dedication to continuous improvement.
Open Meta Trade is a decentralized and transparent Futures exchange, built on 3 networks: Arbitrum, ONUS Chain and BNB Chain. With Open Meta Trade, users can trade crypto, stocks and indices with up to x250 leverage!
Open Meta Trade aims to become the solution for all traders who want to keep control of their capital and enjoy the best trading experience on Arbitrum and ONUS Chain, with distinctive advantages:
Low Fees:
With the lowest trading fee on Arbirum, Open Meta Trade helps users to enter and exit positions with minimal spread and zero price impact. Get the optimal price, compared to our competitors.
Reduced Liquidation Risks:
An aggregate of high-quality price feeds determines when liquidations occur. This keeps positions safe from temporary wicks.
Abundant Liquidity:
With our unique model, which has no limit on value, anyone can help OMT provide trading liquidity and get up to 70% of the platform's revenue.
Friendly Interface:
The DApp interface is designed to be simple and optimized so anyone can trade, even beginners.
Multi-asset pool:
For every X amount of assets deposited in the pool, an equivalent dollar amount of index tokens, named $OLP, are minted.
$OLP is the liquidity index token that represents a list of assets in the OMT liquidity pool. A liquidity provider can withdraw at any time by burning $OLP in exchange for any asset in the pool. This is why Open Meta Trade can be used to swap large volumes without price impact.
Blockchain technology and Oracle pricing:
To get the most accurate price for each asset, OMT uses aggregated on-chain data from famous Oracles (like Chainlink). This pricing mechanism benefits leverage traders in a huge way because it reduces the risk of liquidation from the temporary wicks.
Fair and transparent rewards:
100% of fees collected by the platform will be distributed to $OLP and $OMT stakers.
Multi-reward Referral Mechanism:
Anyone can become a Broker or Partner to receive attractive commissions and significant reductions in trading fees, just by referring trading users.
Arbitrum is currently at the top of Ethereum's Layer-2 chain list with a TVL of more than $2.2 billion, more than twice as high as Optimism at No. 2. In 2022, Arbitrum created a massive explosion on the market, attracting fast cash flow with many famous projects implemented.
We believe Arbitrum will grow even more. In addition to the growth and reputation Arbitrum has built, some core advantages of the platform are also reasons for OMT to choose to deploy on:
Good compatibility with EVM
Much lower transaction fees than in Ethereum
Fast transaction processing speed
Open Meta Trade has its own governance and utility token: $OMT. Holders are incentivized to stay in for the long run, with many rewards that will quickly accumulate.
$OMT stakers will get 30% of the fees collected by the platform.
The total supply of OMT is 2,000,000.
OMT allocation is shown below:
Reward Pool: 1,400,000 OMT (70%)
IDO: 250,000 OMT (12,5%)
TGE: 10%
Cliff: 60 days
Linear Vesting: 9 months
Minimum price: $2
Listed Market cap: $500,000
Private Sale: 100,000 OMT (5%)
TGE: 0%
Cliff: 60 days
Linear Vesting: 12 months
Liquidity: 100,000 OMT (5%)
Unlock: when more liquidity is needed and listed on CEXs
Marketing: 50,000 OMT (2,5%)
Initial: 10,000 OMT
Vesting: 2 years
Dev Fund: 100,000 OMT (5%)
Cliff: 6 months
Vesting: 2 years
For traders: Trade crypto, stocks and indices in different order types with up to 250x leverage.
For stakers: There’re 2 staking options to earn fees collected from OMT with $OMT and $OLP.
$OLP consists of an index of the assets used on the platform for swaps and leverages trading. Users can mint $OLP by adding any index asset to the liquidity pool (LP) while $OLP is burned each time a user removes any index asset from the LP.
The liquidity pool includes escrow coins, which can be: BTC, USDT, ETH, ONUS, VNDC, LINK and UNI.
OLP when minted will be automatically staked into the OLP Pool. At that time, users will share 70% of the system fee with other OLP holders.
Example of providing liquidity to receive $OLP:
Let's say, you use 5 ETH (1 ETH = $1,300) to provide liquidity and get OLP tokens when the total pool value is $100,000.
When a user trades with the liquidity pool, depending on the profit/loss status, the token used for margin and the trading pair, the value of each asset, the proportion of assets in the pool and the total pool value will be changed.
Conversely, you can also redeem (sell) OLP to get back any coin in the liquidity pool's asset portfolio, such as ETH. At the time of redemption, the total pool value is $208,020, and 1 ETH = $1,300.
The total redemption value and the amount of ETH received is calculated as follows:
Redeem Value = ($6,500 / $100,000) * $208,020 = $13,533
ETH received = $13,533 / $1,300 = 10.41 (ETH)
Thus, users will receive a total of 10.41 ETH ($13,533) (capital & profit) after providing liquidity for transactions on Open Meta Trade.
Holders are incentivized to stay in for the long run, with many rewards that will quickly accumulate, including:
Escrowed OMT (esOMT): As a margin OMT token, has the same values as OMT. EsOMT can be used to continue staking and receive rewards similar to OMT or used for vesting to get OMT back within 1 year.
Multiplier Points (MP): The cumulative bonus coefficient when staking OMT and esOMT for a long time.
30% of the system fee.
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