Pday : An AI-Powered Trading Suite for the Pulsechain Ecosystem
Pday is an ambitious new protocol being developed for the Pulsechain ecosystem that aims to consolidate multiple trading products and services into a single integrated platform.
This is a protocol directly developed by the Piteas team and will fully benefit from the aggregator being already live and running.
The Openbook Protocol
The core component is the Openbook Protocol, which provides an off-chain orderbook for high-frequency trading along with on-chain settlement. Makers can create limit orders that takers can fill by cryptographically signing a mirrored order, which is then executed on-chain through a settlement contract. Unfilled orders return to the book after a set time period. The use of static limit orders is intended to provide simplicity, reduced slippage, and compatibility with traditional market making approaches.
Additional Modules
In addition to the core Openbook functionality, Pday will feature several other modules and services. This includes an advanced OTC portal with interfaces for managing public and private large trade orders with minimized price impact. There is also a DCA (dollar cost averaging) module that allows automating periodic asset purchases over time.
AI Strategy Portal
One of the key touted features is an AI-powered strategy portal that leverages machine learning models to analyze data, identify opportunities, and generate personalized crypto trading strategies for users based on their risk profiles and goals.
Limit Order Execution
For limit order execution, rather than operating its own orderbook, Pday will integrate with protocols like Piteas to source liquidity and execute user orders when conditions are met.
Proprietary AI Modules
On the backend, Pday utilizes proprietary AI modules developed in-house that provide advanced capabilities like artificial general intelligence, trainable systems, programmable strategy management, and DCA optimization. The HydraFX component acts as a liquidity router and executor, harmonizing data flows for processing on the Openbook protocol.
PDAY Token
To facilitate its operations, Pday will launch its own PDAY token, which will serve as a utility and governance token for the protocol. The token has a capped supply of 100 million, with allocations for airdrops, protocol treasury, liquidity, the team, development/marketing, incentives for Piteas community members, and grants/bounties.
Sacrifice
32 days long and every 48 hours, the bonus decrease by 1% from the final base price action of the final 2 days. Basically, the multiplier rate goes from 1.15X for the first two day all the way down to 1X at the end.
Additionally :
- The 1st ranked wallet will receive an additional 15% bonus
- Wallets ranked 2nd to 5th will receive an additional 10% bonus
- Wallets ranked 6th to 10th will receive an additional 5% bonus
Details on their official sacrifice page : https://sacrifice.pday.ai/#sacdetails
Final words
A protocol usefulness doesn’t necessarily translate into great price action for its token (look at $Loan or $Earn for example). Though, $PTS, Piteas token has been performing well since its launch.
I sacrificed for the project, so I am obviously biased.
Not financial advice, do your own research and be responsible for your actions. I am just a random guy on the web.
