Your mission is to make investing open, simple, and easier, and you want to do traditional and cryptocurrency markets universally accessible, cheap, fast, and safe. How do you want to achieve this goal?
Hi thatecila -
MIRROR is a trading exchange. Investors will be able to trade an asset that follows (to the dot) prices of indices such as S&P500, Dow Jones, DAX, FTSE 100, Nikkei 25, WTI Crude to name a few. They can trade assets that replicate the returns of major stocks such as Apple, Facebook, or Tesla. They will be able to do so directly through ETH, USDT or, USDC. They don't need to convert their ETH into USD, send it to a broker, and then buy a stock and then wait for a couple of days before they get the stocks in their accounts. Not to mention all the paperwork and taxes they have to take care of. We remove these constraints. So we are making investing a little bit easier.
The exchange will look and feel like Uniswap. Which is the simplest model to trade. There is no impermanent loss. There are no failed transactions.
The prices of the assets are pegged to the underlying assets in a decentralized manner. The fees are roughly between .05% to .25% with an eventual plan to have the fees to near zero.
Traders can move from ETH to APPLE to TESLA to S&P500 to WTI CRUDE in a matter of minutes. This is a huge edge for any astute investor. You can trade 24 hours a day, 7 days a week. Even when traditional markets are closed. They can diversify and protect themselves from crypto bear market when it happens. Traders can enjoy the benefits of trading multiple assets at the same time.
The protocol will be community-led. Community can decide which assets to add to the exchange. The protocol is self-sustaining. It can run for years by itself. Multi-layered liquidity pools allow for that kind of longevity.