Hello World, this is TIDEFI.
A Decentralized Exchange built for You.
We guess you heard it all before: We are a new DEX, decentralized revolution, democratization of finance and unlocking access to opportunities for those previously left out of the global financial system. Very impressive. Much wow.
Sometimes, good intentions and soothing words like these are met with a much more sobering reality of opportunities. Being only accessible to a few insiders, democratization of risk and obfuscation rather than transparency and fairness enabled by new, loosely regulated financial assets. The true challenge, however, in realizing the promises of decentralization and self-sovereignty for the masses lies in making complex technology easy to use without compromising security as a result.
Most of us have been there: Eager to get in on the action, we jump through hoops and hoops, or rather, from chain to chain paying fees each step along the way. All this means that keeping track of all your digital assets in a multichain future is not that easy after all thanks to a lack of interoperability and shaky bridges between protocols. It all gets worse when it comes to true decentralization and governance. In an age of constant influx of information, the skill, time and headspace needed to engage in Web-3 governance is something that most of us don’t have.
A new Community is waiting for You.
We want to change that. Less big words and more utility. To do so, we put our community first from day one and empower them with a performant infrastructure that you will not only own and shape but that will also be a pleasure to use and gain access to. And this is it, day 1. We have built something that is the foundation of a much broader vision without raising massive funds through an ICO or presale. We want you to be part of it and grow with us. Be truly early for the first time.
This starts with the distribution of TIDEFI Tokens (Ticker: TDFY):
No pre-sales to insiders and no exuberant allocations to the core team. It is straightforward: 32% of our TIDEFI Tokens will be distributed to the public through our onboarding program (stay tuned — more on that soon). Next to it, 40% are allocated to the TIDEFI Token community treasury to empower the Tidechain and wider Web3 ecosystem in the long term, subject to permissionless community governance. That is 72% of the supply destined to land in the hands of the general public and our community from day one. The remaining funds will go to funding the development of the TIDEFI DEX (8%), our liquidity program (10%) and just 10% will be allocated to the team that has been building Tidechain for the past 18 months — with a vesting schedule of 3-years, aligning incentives between team and community in the long term.
That´s that, a fair distribution but owning a lot of tokens just for the sake of it is not really what you are after, are you? So let’s look at what we have built, the utility it offers and why you will wanna be part of it:
The Tidechain Infrastructure
Tidechain is (to the best of our knowledge) the first, fully user-controlled cross-chain-swap-chain. It´s also super fast, geared towards offering a fast, low latency on-chain trading experience and is part of the Substrate ecosystem and its focus on interoperability and creating a multi-chain future. Tidechain is optimized for swapping any digital asset seamlessly and directly. On top of Tidechain, we have built the TIDEFI DEX, a powerful exchange bringing together the speed and spreads of centralized exchanges with the interoperability and control over your funds (your keys, your crypto) that only a decentralized exchange can offer. Both are brought together by the TIDEFI Token, keeping the incentives between chain and DEX aligned while giving you one token for twice the financial opportunity.
This is how it works: Tidechain is built on the Substrate SDK developed by the Web3 Foundation and used in networks such as Polkadot, Kusama, Moonbeam, Acala…; the list grows by the day. Substrate allows us to build a blockchain infrastructure for our ideas easily while keeping all doors open when it comes to collaborating and being interoperable with the most exciting projects in Web3 today. We have added to it three critical components:
- The Oracle, our superfast matching engine.
- The Quorum, a user-controlled cross-chain bridge secured by multi-sig and our own implementation of…
- Stronghold, a secure software implementation to make sure your private keys never get exposed to any other program on your machine.
The TIDEFI Decentralized Exchange — DeFi for You.
The TIDEFI DEX features a distributed central limit order book and unlike other DEXes does not rely on Automated Market Makers (AMMs) for price discovery. While being a great step toward a more accessible financial system, AMMs carry a lot of drawbacks that in most cases hurt those the most that do not have profound technical knowledge. Practices like Maximum Extractable Value (MEV) are strategies that make use of the insufficient speed and public character of transactions on a permissionless and public ledger. By bringing together real market makers with a decentralized infrastructure, we make sure that you get what you pay for and aim to give you the best user experience of any contemporary DEX. What’s more, the TIDEFI Token gives you ample opportunity to generate yield by staking and securing the network while also letting you participate in the sharing of revenue generated by the TIDEFI exchange.
After giving you, dear reader, a short glimpse into what we have built and how you can be part of it, there is one more thing that should interest you: Who is behind all of that and where will all this go eventually?
Where we came from and where we want to go
Tidechain and TIDEFI have been built with love by people that care deeply about the impact of the technology that they are building and that want to contribute to the public good: open-source technologies. We have contributed to and built many successful open-source projects and look forward to making our innovations available to the wider ecosystem. And we follow an inside-out culture. That means that our ethical values permeate the values and actions of TIDEFI and how we want to interact with you, our community.
We believe that the advent of digital assets will not only be a tool for an already over-financialized economy but rather a means of coordination and connection that is needed now more than ever. Therefore, we will soon take the next steps towards enabling NFT-functionality on the Tidefi exchange and underlying chain as well as adding more fungible assets as demand grows. Instead of only living digitally, Tidefi will be the place where the value of real-world and digital assets comes together.
We will share more information on all aspects we mentioned here today in the coming weeks. For the moment, we hope you take one thing away from this article: There is a new ecosystem in the making, you can truly be early and participate in its growth from day one and collaborate with a group of people that want to do build something meaningful and useful that might make more of the promises of decentralized finance a reality.
Follow us on Twitter to stay up to date with what we do, engage with our community on Discord and stay tuned for more information on our onboarding incentives and bold plans.
