What has been going on and where do we go from here?
As you all know, the launch was not as expected, unfortunately. Along with the not-so-successful launch, we have parted our ways with a developer and the social media manager since we could not align on the goals. But do not worry, we have already taken care of it and now the new dawn begins!
Today we are releasing THREE very important DEX features!
Backend Subgraph
The Backend Subgraph is a specialized backend system provided by The Graph similar to a database, that stores information about blockchain events and provides blockchain data to developers. It can be used to track specific actions (transactions) and log all details that happen. This data can then be extrapolated and summarized to provide information about liquidity and trades on the MilkySwap decentralized exchange.
It is used in combination with the Analytics Dashboard and other backend API services to show data on our frontend.
Analytics Dashboard
The Analytics Dashboard allows users to view token, pair, and trade information for all transactions happening on the MilkyWay decentralized exchange. It will work in conjunction with the Backend Subgraph to provide detailed platform information to users.
It will look similar to the analytics dashboard that Uniswap/Pancakeswap provides to its users. We will update this page with additional information and pictures describing how to use the system.
Users can use the dashboard to view their last trades in token and dollar values and calculate their average buy and sell prices among other useful features such as charts and liquidity information.
Pair Explorer
The MilkyWay pair explorer is used to view real-time detailed information about trades happening on a specific trade pair such as MILKY/BNB with graphical representation, historical data as well as up-to-date details about the total liquidity, fully diluted value (FDV), and market capitalization.
It is a feature similar to Dexscreener but is primarily focused on MilkyWay pairs, however, it can be easily expanded to other DEX platforms on BNBChain or other EVM-compatible blockchains.
There will be no subscription fees or other recurring fees to use this product.
What’s next?
Website improvements & STAR LOTTERY!
Yes, we are aware that the website and app experience is not the best for everyone and our developers are working on it as we speak!
Star lottery will be a significant feature and burning mechanism for the whole MilkyWay platform. We are really looking forward to announcing more details about it!