FAQs

General

What is Any.trade? Any.trade is a decentralized trading platform that specializes in perpetual tokens, indices, and real-world assets, offering a diverse range of markets and indices to make trading accessible and straightforward.

What makes Any.trade different from other exchanges? Unlike traditional exchanges, Any.trade integrates the efficiency of centralized exchanges (CEXs) with the innovation of decentralized exchanges (DEXs), such as Automated Market Makers (AMMs), focusing on perpetuals for simplified, efficient trading.

Why does Any.trade focus exclusively on perpetuals? By concentrating on perpetuals, Any.trade eliminates the need for complex order matching and order books, utilizing AMMs to simplify trading and reduce risks for users.

What are the benefits of trading on Any.trade? Any.trade offers the liquidity benefits of CEXs, along with DEX transparency. Its custom-built Layer 1 (L1) supports quick, fee-free transactions, and the platform ensures market efficiency through its unique liquidity model.

Trading and Markets

What types of assets can I trade on Any.trade? Any.trade offers a variety of markets, tracking underlying markets and custom formulas across areas like crypto (tokens, NFTs), real-world assets (stocks, bonds, commodities, real estate), and other time series that can be collected at predetermined intervals.

How can I start trading on Any.trade? To begin trading, visit a market on Any.trade and open a position by depositing a supported bridge currency, currently ETH, USDT, and USDC.

What are perpetual contracts and how do they work on Any.trade? Unlike traditional futures, perpetual contracts on Any.trade don't settle. They maintain alignment with the underlying index price through an internal market rebalancing mechanism, diverging from the typical funding rate method used by other crypto exchanges.

Does Any.trade offer leverage trading? Any.trade has opted not to offer leverage trading, focusing on simplicity and minimizing risk. In the future, leverage might be implemented through custom index formulas.

How does the listing process work on Any.trade? To list a project on Any.trade, there's a current fee of $2,500. Listings are processed within 1-7 days, including promotional support on Any.trade's social media.

What is the AnyAMM? The AnyAMM, modified from Uniswap’s formula, accounts for market volatility and open interest, enhancing liquidity growth and reducing slippage while preventing concentration risks from a few liquidity providers.

Why are there no funding fees? Instead of funding fees, Any.trade uses a 0.5% trading fee from closed positions to fund its internal rebalancing mechanism, aligning market and index prices.

How are efficient markets achieved? Every 5 minutes, approximately 0.1% of a market's reserve balance is used for rebalancing to ensure the market price aligns with the index price.

How does Any.trade protect against market volatility? Continuous data collection and verification by oracles prevent market manipulation. Any.trade doesn't have liquidations, ensuring market movements reflect user activity based on the index price.

Why does the market price converge with the index price? External market makers are incentivized to ensure market prices closely match the underlying index prices. A rebalancing algorithm using the reserve balance adjusts prices every 5 minutes to achieve this alignment.

Technology

How does Any.trade’s liquidity mechanism work? Each market starts with an initial liquidity of $10,000. Additionally, each position opened adds to the liquidity, which is withdrawn upon position closure.

What is the Any.trade L1? Any.trade has developed a custom Layer 1 blockchain for decentralized trading of perpetual futures. This blockchain processes operations swiftly and can handle up to 35,000 transactions per second at a minimal fee.

How does the bridge work? Users can bridge assets between supported chains and Any.trade. The bridging process is automated and typically completes within minutes.

Account Management

How do I fund my Any.trade account? You can fund your account with ETH, USDT, or USDC. Access your account page by connecting your wallet, or fund your account directly by opening a position in a market.

What are the margin requirements on Any.trade? All positions currently use 1x leverage, equating the margin to the position's value.

How can I withdraw my profits from Any.trade? Withdraw your profits by visiting your account page. AnyUSD can be withdrawn as USDT on all supported chains, with the process being quick and automated.

How do accounts work on Any.trade? Accounts on Any.trade are linked to your Web3 wallet, allowing you to log in and make transfers through message signing, with no need for passwords.

Governance and Token

What role do governance tokens play on Any.trade? ATRADE tokens will be used for making governance decisions around marketing and development. The implementation of token holder governance is forthcoming.

What are the benefits of holding Any.trade’s native token? ATRADE holders can operate nodes, earn rewards by delegating tokens to nodes, or participate in platform governance. Future benefits may include early access to features and fee rebates.

How is the revenue distributed within the Any.trade ecosystem? Revenue from fees is used for internal rebalancing and trading promotion. Excess revenue will be shared with nodes and token holders in the future, with specifics to be detailed in the next phases.

How does staking work on Any.trade? Users will be able to delegate ATRADE tokens to nodes to participate in node rewards, with implementation details in progress.

What are the tokenomics of ATRADE? A total of 1 billion ATRADE tokens have been minted, with their distribution as follows: 36% are allocated for liquidity and dynamically rebalanced across L1s and L2s based on demand, 30% are distributed as airdrop campaigns to active users across various chains, 24% are dedicated to trading and LP incentives, unlocked linearly over 24 months, 6% are reserved for the team, development, and partnerships, also unlocked linearly over 24 months. The remaining 4% are set aside for exchange listings.

What are the ATRADE emissions? All ATRADE tokens have already been created. The tokens allocated for trading incentives, as well as those reserved for the team, marketing, and development, are being gradually released. This release process is linear and spans over a period of 24 months.

What are the airdrop campaign details? The ATRADE token allocation includes a significant portion set aside for airdrop campaigns, constituting 30% of the total supply. These campaigns are specifically designed to reward active users on popular L1 and L2 networks.

What are the use cases for ATRADE? ATRADE tokens serve multiple purposes within the Any.trade ecosystem. Primarily, they are used in governance, allowing token holders to have a say in key decisions about the platform's future, such as marketing strategies and development directions. Additionally, ATRADE holders can operate nodes or delegate their tokens to existing nodes, participating in the network's security and decision-making processes while earning rewards.