Press Release
Press Release Digital currencies made a splash in the 2010s, promising decentralization and ultimate user privacy. However, most well-known crypto exchange giants like Binance and Coinbase are essentially CEX. That is, they are centralized exchange platforms, providing users with custodial wallets and collecting user data. No privacy, no user control, no true decentralization, that is CEX use.
Fortunately, in the late 2010s, crypto enthusiasts went further with the idea of introducing automatic market making (AMM) capabilities, removing the need for centralized authorities from the exchange process. This idea was proposed by Vitalik Buterin and found its realization first in Bancor (early 2018) and then in Uniswap (DEX released at the end of 2018).
Today, there are over 300 decentralized exchanges online, each offering peer-to-peer exchange opportunities using smart contract functionality; DEX has quickly gained popularity to over trillion dollars In 2021, trading volume exceeded $1 trillion, an 858% increase over 2020 statistics; despite the growing number of DEX projects, Uniswap remains the undisputed leader in the decentralized financial market, enjoying 75% of total trading volume ( as of late 2021); its latest version, Uniswap V3, launched in 2021, introduced many exciting features and increased capital efficiency by 4000x, making its cryptocurrency liquidity pool one of the most stable and reliable in the DEX space.
What is TheTrade.
TheTrade is a project that expands the liquidity potential of Uniswap v3 and its functionality by offering users spot limit orders and margin trading at beta launch. This will allow TheTrade users to enjoy the combined benefits of Uniswap V3’s vast liquidity and additional functionality.
The project is undergoing a seed round and intelligent contract audit in Q4 2022, and the initial set of available functionality is limited to margin trading and limit orders The roadmap for 2023 is as follows.
- Beta launch
- Add easy-to-use dashboard
- Leverage integration of agricultural features {56
- Launch on Polygon and Aurora mainnets
- Product enhancements to function on NEAR protocol
What are the advantages of TheTrade?
Using the functionality of TheTrade.org is a completely different experience than what you had on CEX such as Binance and various DEXs. The disadvantages of DEXs are low liquidity and a high risk of price drops; the disadvantages of the CEX are centralization, high limit prices, and market order fees.
TheTrade has considered all these issues and made a different proposal. Enjoy it here.
- Massive liquidity from Uniswap V3.
- An innovative margin trading protocol that uses segregated Uniswap V3 liquidity for margin limit orders.
- Smart leverage farming for passive income from crypto assets.
- Automatic limit orders not supported by Uniswap V3.
- High commissions for providing liquidity (you receive a commission for placing an order, but not vice versa).
These features are specific to existing DEXs and there is no combination of this toolkit under one roof. even Uniswap V3, known as the niche leader in DEXs, does not have limit orders and users can only complete trades based on the currently offered only be able to complete a trade based on the price currently being quoted.
How it works.
Now let’s see how it all works with TheTrade. The Beta version will be available in the first quarter of 2023 and will support two key features: spot limit orders and margin trading. Users can use the following.
If a user wants to purchase an asset at a specific price (lower than the current market price), the system will place a limit order. For example, suppose the user wants to buy 1 for $1100 while ETHis selling for $1250. So, the user places an order for $1100 and sends the money to the liquidity pool. That money stays there until the user cancels the order or the price reaches the specified range and is added to the system’s liquidity. After the trade is completed, the user receives the assets purchased and a commission (calculated according to a transparent formula) for the funds that participated in securing liquidity.TheTrade’s spot limit trading also uses a new role: the Executor. Each user can earn additional income by executing orders as an Executor.
Users receive leverage from TheTrade’s liquidity pool. Each margin limit order works through the same mechanism as TheTrade’s spot limit orders, so each user is compensated for providing liquidity to the Uniswap v3 pool (depending on the pool: 0.01%; to 1%). In addition, TheTrade’s margin trading uses two new roles: executor and clearing member. Each user can earn additional income by executing orders as either an executor or a clearing member.
Embracing the DEX Potential with TheTrade{129
TheTrade is a true game changer in the crypto trading world. As opposed to traditional exchanges where users pay commissions for their trades, TheTrade rewards users with commissions for limit orders. It is neither magic nor fraud, but a way for the system to reward users by adding liquidity to the pool while they wait for their limit orders to be filled.
Thus, TheTrade’s unique advantages are the price slippage typical of many DEXs, end-to-end protection from sandwich attacks or manipulation, and complete transparency of your activity.
TheTrade does not use external resources to execute limit orders like its competitors, and therefore does not pay fees to external resources for its services. On the contrary, TheTrade has introduced a new role for its community, which gives users additional opportunities to earn money. Furthermore, TheTrade’s cash flow is meant to stay within the community. In addition, the implementation of their order execution solution brings a more decentralized approach to DEX limit orders.
Enjoy trading with flexible terms and no additional fees – it is possible with TheTrade.
For more information, visit our website or follow our social media channels.
Visit the website. https://thetrade.org/
Twitter https://twitter.com/thetradeorg
Telegram https://t.me/thetradepro
LinkedIn https://www.linkedin.com/company/thetrade/?viewAsMember=true
This is a press release. Readers should exercise their own due diligence before taking any action related to the advertised company or its affiliates or services. or for any damage or loss caused or alleged to be caused, directly or indirectly.
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