There is a myriad of applications on the DeFi market that have no value, other than being a tool for liquidity farming. While this is a valid reason to exist, Argano is not here to become one of such apps.
The goal we are working towards is the creating of a fully decentralized exchange, a full-featured trading platform that will become a getaway to safe, and easy interaction with the DeFi segment. In order to achieve said objective, we have developed a step-by-step plan that will ensure the success of the development, while being flexible enough to introduce changes on the go.
Where we’re at
Currently, we are sweating over introducing the very first version of the platform, which will perform a preparation function for the fully functioning exchange that will follow. At this stage, our task is to accumulate the needed liquidity by rewarding the investors willing to contribute to the project. In other words, we will be offering the staking and liquidity mining services for everyone to be able to earn passive income, and for us to gather investors, and the liquidity to come with them.
At the fair launch, Argano DEX will use QuickSwap as an automated market maker: all the pools will be active on the mentioned service.
Next steps
Over the next steps in our roadmap, we will be developing the Argano DEX, while also preparing a major liquidity migration event. The first version of the Argano DEX will offer trading functionality with the first few trading pairs, which will include USD/AGOBTC. Any further additions to the trading pair list will be determined through governance voting, in a decentralized manner.
Apart from the obvious functionality of the platform, we will also be conducting major works to create our native smart contracts and provide a sufficient amount of security for every user who will be using the DEX.
At this point in the development, we will be also introducing margin and futures trading functionality, that will be tested and implemented on the go, with the help of the community to guide our decisions.
The grand finale
As was already mentioned, our grand goal is to create a completely decentralized exchange, that will offer limitless opportunities to our users. As DeFi grows, we believe that the entry threshold should get lower and lower, and that’s why we dedicate extra attention to make sure the platform we develop is as easy and user-friendly as it can possibly get. The Argano DEX will hold no time-consuming KYC procedures and will allow creating an account with just a few clicks.
One of the top priorities in our journey will always be the security and safety of our users. Hence we will be accumulating an insurance fund to compensate for any possible hacker attacks or system malfunction. That said, we are doing everything possible development-wise to make sure that fund is left untouched.
A little sneak peek into the future
For our users to understand what we’re aiming for, we are delighted to share a little hint to our final vision. The grand finale of our work will be the introduction of the stock market to the DeFi scene. We are dedicated to creating synthetic tokens to cover stocks and bonds. This, and the easiness of operation will open a new field of opportunities not only for crypto traders but also for stock traders as well.
The Argano DEX will allow customers to perform professional decisions thanks to the expanded trading system with the ability to place orders of any type. The trader will not be squeezed within the limited functionality, he will have access to a multifunctional management system, which includes placing trade orders: not only stop orders but also take profit orders. A system for setting volumes for a deal will also be implemented, designed interface in a clear and accessible way.
If you’re interested in the project, and the upcoming future, make sure you check out other articles we posted: The tokens of the Argano ecosystem & Introducing Argano.
You can also find the detailed roadmap of the project development in the technical documentation.
