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AMM + Limit Order, Will OneSwap Replace Traditional Exchange?

When a thing is denied, something new starts at a higher level.
The update and iteration of the currency circle takes only a few days.
On August 13, Yam, the token of a popular DeFi project, plummeted by 98%, while YFI, another DeFi cryptocurrency, outran the digital currency Bitcoin Gold by value under capital operation.
According to their familiarity with DeFi, blockchain investors in 2020 can be divided into two categories. The "New" investors are active in DEXs such as UniSwap and Balancer, striving for hundredfold returns on investment amid fake projects, while the "old" investors stick to mainstream cryptocurrencies and advocate value investment in the three major CEXs.
Despite its long history, DEX did not prosper until recently. It has processed transactions of over US$520 million in the past 24 hours, and the trading volume for the past week has exceeded the figure across 2019.
But still, many people are stranger to DEX.
I. Will DEX shuffle the existing trading market?
Upon discovering something new, you can describe it, but never evaluate it superficially.
UniSwap occupies 55% of the entire DEX market. Celebrities in the circle enjoy discussing the changes brought by UniSwap on social media and how it will change the existing trading landscape.
On August 5, Jay, CEO of OKEX Exchange, publicly stated that "UniSwap can hardly replace the current mainstream exchanges." on Weibo.
He also listed two reasons:
  1. With insufficient transaction depth, UniSwap cannot support large transactions;
  2. UniSwap cannot set prices independently, but has to follow the prices set by other exchanges.
He also recognized UniSwap’s AMM model in the post.
Soon this post was criticized by Dovy, the founding partner of Primitive Ventures, to the effect that Jay had quite limited knowledge about DeFi and the reasons he proposed did not hold good.
She also mentioned the advantages of a new generation of DEX represented by UniSwap:
Traditional exchanges determine the price and market value according to a small number of chips in the market. By comparison, AMM relies on the entire LP pool to contribute liquidity, and a small number of chips will not lead to severe fluctuations in the price. The price follows the curve of the static liquidity pool within a time range, rather than the manually controlled order book.
2. Is UniSwap good enough to replace centralized exchanges?
Neither OK or Binance had expected that one day their arch rival was not each other, but the newly emerging decentralized exchanges.
With totally different operating methods and business models, DEX and CEX have their own merits.
CEX comes with evident problems. Ordinary users do not trust its security due to the rampant data cheating. For project developers, CEX requires high fees for token listing and maintenance.
The advantage of CEX lies in its low threshold and mature business model.
Just as Jay said, DEXs represented by UniSwap are still faced with great challenges posed by user habits. For example, UniSwap does not support limit orders or the candlestick chart, and users need to rely on a third-party Ethereum wallet for operation.
The innovative AMM model allows ordinary users and small market makers to get involved and earn market-making fees, reducing costs and improving liquidity.
According to the trading volume at this time, UniSwap may not be able to replace mainstream exchanges, but it is good enough to replace second and third-tier exchanges.
3. Is OneSwap an upgraded version or a copy of UniSwap?
"The success of UniSwap proves the necessity of the DEX that does not require permission and supports AMM in the market. However, UniSwap comes with two shortcomings. One is the lack of support for limit orders, which greatly restricts trading methods and liquidity; The other is the excessive transaction cost and poor transaction efficiency due to the limited processing capacity of Ethereum." - Yang Haipo
Recently, OneSwap, known as the upgraded version of UniSwap, announced that it will hit the market in early September, and has received an investment of US$10 million from CoinEX.
To develop an open-source centralized trading platform like OneSwap, it is easy to replicate the technique. But among so many Swap applications in the market, what advantages does OneSwap have over UniSwap?
1. Limit orders
Neither buyers or sellers of UniSwap can set prices independently; instead, they need to follow the prices set by other exchanges. If they want to buy tokens at a specific price, they have no choice but to wait till tokens at such a price appear in UniSwap, a waste of time.
Continuing the good practices of centralized exchanges, OneSwap supports the traditional order book based on rapid exchange, offering more flexible trading methods and further enhancing the liquidity of digital assets.
2. The candlestick chart and depth map
Without an order book, UniSwap has been criticized for its simple transaction interface which does not even contain the basic candlestick chart. As a result, it cannot satisfy numerous traders’ demand for data analysis.
To benchmark against the centralized exchange in terms of user experience, OneSwap has introduced functions such as the candlestick chart, order ticket, and depth map. Just like centralized exchanges with professional charts, OneSwap provided the price trend, trading volume, depth, and other information of different cryptocurrencies for users to set out informed trading plans.
3. Liquidity mining + transaction mining
UniSwap’s AMM model is believed to be a vital catalyst for its explosive growth. With an additional incentive mechanism of transaction mining besides liquidity mining, OneSwap leaves more core benefits to its users.
OneSwap will charge the Taker a fixed percentage of transaction fees based on the transaction amount, while the Maker does not need to pay. The transaction fees are divided into two parts: 60% for liquidity and 40% for the repurchase and burning of ONES. In transaction mining, both liquidity providers and traders will receive ONES as an economic incentive.
The market is looking forward to a new product that is as user-friendly as CEX and as safe as DEX. Is OneSwap qualified to meet such demands?
submitted by jessicazhang922 to defi [link] [comments]

Digital asset investment, long-term stability is king

Digital asset investment, long-term stability is king
Since the emergence of bitcoin, the development of digital assets has provided a new way of asset allocation for people, bringing infinite opportunities and possibilities.
Let more and more people flood into this market.Everyone is looking forward to the myth of getting rich overnight, but only a few people really get the myth of a hundredfold or thousandfold return.
Because in the investment world, what matters is not how much money you make now, but how long you make it.

https://preview.redd.it/l321h4w9ggs31.png?width=600&format=png&auto=webp&s=0cde0835b716b2b530ad4d5533e5dedcf0e85734
Let’s look at an example:
Two people invested in digital assets at the same time. In five years, one was very aggressive, making 100% returns in three years, but losing 60% in two years.
The other investor was very stable, making around 15% returns every year.Which of these two investors has a higher return on investment?
After calculation, it can be found that the first investor has a cumulative return of 28% over 5 years and an average annual return of about 5%, while the second investor has doubled over 5 years and achieved a cumulative return of 100%.
Such examples are not uncommon. While the short-term gains are considerable, steady profits are even more valuable.

https://preview.redd.it/28iwjtlaggs31.png?width=600&format=png&auto=webp&s=cd303bb7ffc7cf8ec3f59eaa338f3c8c836355b8
Because over the years, the people who really made money in this market were almost always long-term holders of value investments.A good investor must have a “psychological advantage” to beat the market over the long term.
Keep rational in the market fluctuations, to achieve not because of the temporary bear market and panic retreat, also not because of the sudden bull market and follow the wind blind.
A good investor should not only have the right investment philosophy and long-term investment vision, but also be patient.
Every kind of digital asset has its ups and downs. What investors need to see is whether the platform is reliable and valuable.
On the premise of the platform being reliable, they can maximize their returns so as to double their wealth and increase their value.
Value investors need to maintain independent thinking and judgment. Similarly, a team that really works can maintain its faith even in the impetuous and noisy market, and will not pursue temporary inflation but long-term development.

https://preview.redd.it/70l5lz9bggs31.png?width=600&format=png&auto=webp&s=f868b86b435654ff3daec9ef55dba9f6c8d7d9f0
Just like BitCentury, BitCentury Exchange(BTCC) is committed to building a new trading ecosystem that is efficient, transparent, fair and win-win, and has issued BTCC platform tokens as proof of the virtuous cycle of the platform ecosystem.
Since its launch, BitCentury insists on holding offline meetings in various places, and has zero distance contact with hundreds of thousands of target users.
Actively develop the 2.0 international version of APP and constantly improve the user experience;
Establish BitCentury university, actively cultivate century navigator, build BitCentury ecology and community construction backbone;
In addition, we plan to hold a world exploration tour of BitCentury university and start a new journey of global development plan.
BitCentury believes that only with the continuous improvement and expansion of the ecological system can BTCC be endowed with more extensive USES and the value of BTCC be more stable.
Development compares who lives long, not just runs fast!It’s about endurance, not just speed;Slow, and gallop, eventually reach the distance!
As a qualified investor, should have sniper’s patience!Fast and steady projects are more reliable!
No matter how the blockchain will change in the future, BitCentury will firmly believe, build and share with users, and jointly create a new century for the global digital asset trading platform industry!
submitted by btcc100 to Bitcoin [link] [comments]

Digital asset investment, long-term stability is king

Digital asset investment, long-term stability is king
Since the emergence of bitcoin, the development of digital assets has provided a new way of asset allocation for people, bringing infinite opportunities and possibilities.
Let more and more people flood into this market.Everyone is looking forward to the myth of getting rich overnight, but only a few people really get the myth of a hundredfold or thousandfold return.
Because in the investment world, what matters is not how much money you make now, but how long you make it.

https://preview.redd.it/5n9qg260ggs31.png?width=600&format=png&auto=webp&s=3f50ed5f83d878cf8981b4fece4b87dff125634c
Let’s look at an example:
Two people invested in digital assets at the same time. In five years, one was very aggressive, making 100% returns in three years, but losing 60% in two years.
The other investor was very stable, making around 15% returns every year.Which of these two investors has a higher return on investment?
After calculation, it can be found that the first investor has a cumulative return of 28% over 5 years and an average annual return of about 5%, while the second investor has doubled over 5 years and achieved a cumulative return of 100%.
Such examples are not uncommon. While the short-term gains are considerable, steady profits are even more valuable.

https://preview.redd.it/t7rz20x1ggs31.png?width=600&format=png&auto=webp&s=4743fc7b21d36dda5acd4444f3feb1d5d0d5776c
Because over the years, the people who really made money in this market were almost always long-term holders of value investments.A good investor must have a “psychological advantage” to beat the market over the long term.
Keep rational in the market fluctuations, to achieve not because of the temporary bear market and panic retreat, also not because of the sudden bull market and follow the wind blind.
A good investor should not only have the right investment philosophy and long-term investment vision, but also be patient.
Every kind of digital asset has its ups and downs. What investors need to see is whether the platform is reliable and valuable.
On the premise of the platform being reliable, they can maximize their returns so as to double their wealth and increase their value.
Value investors need to maintain independent thinking and judgment. Similarly, a team that really works can maintain its faith even in the impetuous and noisy market, and will not pursue temporary inflation but long-term development.

https://preview.redd.it/kteszfh4ggs31.png?width=600&format=png&auto=webp&s=c023a4ad4a90cbb3c8485abb886ae6bc5dd19775
Just like BitCentury, BitCentury Exchange(BTCC) is committed to building a new trading ecosystem that is efficient, transparent, fair and win-win, and has issued BTCC platform tokens as proof of the virtuous cycle of the platform ecosystem.
Since its launch, BitCentury insists on holding offline meetings in various places, and has zero distance contact with hundreds of thousands of target users.
Actively develop the 2.0 international version of APP and constantly improve the user experience;
Establish BitCentury university, actively cultivate century navigator, build BitCentury ecology and community construction backbone;
In addition, we plan to hold a world exploration tour of BitCentury university and start a new journey of global development plan.
BitCentury believes that only with the continuous improvement and expansion of the ecological system can BTCC be endowed with more extensive USES and the value of BTCC be more stable.
Development compares who lives long, not just runs fast!It’s about endurance, not just speed;Slow, and gallop, eventually reach the distance!
As a qualified investor, should have sniper’s patience!Fast and steady projects are more reliable!
No matter how the blockchain will change in the future, BitCentury will firmly believe, build and share with users, and jointly create a new century for the global digital asset trading platform industry!
BitCentury’s official website: http://www.btcc100.com/
submitted by btcc100 to u/btcc100 [link] [comments]

ICO for dummies

*What is an ICO? Many has asked (and, quite conveniently, answered) this question in gigabytes of articles. But even those articles had passages that required articles (or asterisks) of their own.
There are many people, who are interested in investing, however they are far from the budding cryptocurrency market if not conventional stock market.
Many potential investors still bear scars of various Ponzi schemes: Rothstein, Payne, Pearlman — these guys had made piggy bank our go-to investment center year after year. These people (investors, not schemers, duh!) need a healthy dose of information before they feel safe to invest again.
One needs to give them a bit of cryptocurrency background. I will read you a sermon on ICO ELI5.* [url=https://postimages.org/][img]https://s19.postimg.org/oz2ihtc03/ICO.svg.png[/img][/url]
This article is primarily targeted at the people who have some spare money, would like to put it somewhere, but don't want to approach banks. At the same time everybody wants to be “in”, as only squares invest in stock market. The current New Frontier is cryptocurrencies (bitcoin and altcoins), ICOs and ITOs. Last two terms are really close in their meaning and are both linked to blockchain. Of course blockchain is unthinkable without Internet, but, I guess, if you are reading this article you know how to get online!
Well, in the beginning there was blockchain. The significance of its invention analysts compare with the significance of the invention of Internet itself. Blockchain is literally a chain of blocks (crickey!). The chain basically worths ten times its weight in gold. If you put a pre SegWit Bitcoin on a floppy disk that is... I dunno why you would, but someone actually did it (one dude lost his HDD with bitcoins for real)! This information chain, or rather its blocks, is scattered across decentralized PCs all around the world. It handles transactions in cryptocurrency. Cryptocurrency is electronic money. “Crypto” means that they are heavily encrypted. Therefore, it is nigh impossible to forge or otherwise corrupt it for a regular user as well as a team of master hackers.
Cryptocurrency is not issued by any state or private bank. Cryptocurrency’s story began in 2008 with Bitcoin. Actually first blockchain was described in the early 1990s and became the basis for Bitcoin as the first (and the most valuable) cryptocurrency. One could describe block chains as a digital ledger — kept by all parties — in the pristine condition. It cannot be edited, changed or redacted by anyone as it is constantly verified by all other parts of the network. This organization of data storage makes the system nigh impossible to crack (it does not protect the person with wallet from some bruisers taking a crack at him IRL though).
Apart from Bitcoin there are more than 1,000 types of cryptocurrencies, however Bitcoin takes the lion share of market followed by smaller guys like Ethereum or Ripple.
Every day the market is redistributing the market shares between well-established cryptocurrencies and the newcomers. There is a chance of some new cryptocurrencies skyrocketing to the top of the coin chain, albeit a slight one.
The main advantages of cryptocurrencies: - Anonymity of the transaction’s participants is protected — only the wallet address is known, - Transaction takes seconds or minutes to transfer (depends on the miners / participants ratio or condition of the network), - Transfer fee is approximately 0.01%. - Decentralized network works without the middlemen, i.e. supported by participants themselves, - Cryptocurrencies show significant growth over fiat currencies.
However some pillars of our society (the banking system, the stock market, the state itself) are rather jealous and frown on anonymity, decentralization and high investment attractiveness as it is a rather tempting piece of investment versus the ones, provided by the state. So, it is high time to get some tokens… Token meant "sign" in Old English. In the world of E-currency it serves as a proof of transaction of money to some project. That is, the process of issuing shares, entering exchanges, distribution of shares among investors and even investing the money into the project has been considerably sped up and improved by the blockchain technology.
Also it has decreased or eliminated the significance of middlemen like stock exchanges and brokerage firms. Basically token is the equivalent of share, but unlike shareholders token holders do not become co-owners of the company.
As the term “coin” was traditionally used in the field of cryptocurrency the launch of a new coin has been called ICO (Initial Coin Offering) — similar to IPO (Initial Public Offering). There is also a separate concept of ITO (Initial Token Offering), as the tokens can act not only as virtual money, but also have other functions like provision of access to different platforms and services. But in practice, ICO and ITO are interchangeable, and if you so desire to specify, you can use other another abbreviation — TGE (Token Generation Event) — an event for the token generation.
How can you make money with ICO?
The same way you would with old-fashioned stocks. During ICO tokens are sold at the starting price, which is way lower than what it would cost in case of successful implementation of the project. For that reason ICOs are sometimes called “token sale”. Companies, which issue tokens, typically redeem them up at a price significantly higher than the starting price. That is, you buy a thousand tokens for one dollar and a year after sell them for $5. You have just made 400% annually — not so bad, right?
Of course it is not a fairytale... If we look back at the stock market state in its early years we will find peculiar similarities:
First stock market crash happened in England in 1720 and led to passing of Bubble Act — the name speaks for itself. As you know history repeats itself, but, in my opinion, first is farce... Second is tragedy... Stock market boom that took place two hundred years later in the United States led to the collapse of the entire US economy and plunge of the country into the Great Depression....
But let's look at the brighter side — some people make billions in stocks! One of the richest people in the world — Warren Buffett — made his fortune in stocks!
In the XXI century the money lie in cryptocurrencies and tokens! Let us visualize: If you had bought bitcoins in November 2016 for $740 then you would have sold them in November 2017 for $7400 (according to https://charts.bitcoin.com/chart/price) netting 900% annually!!!
As for the tokens — there are those, which outdone Bitcoin growth, e.g. Stratis, whose ROI (Return on Investment — another lingo word you are likely to hear) was over twenty two thousand per cent! Apart from that Stratis tokens will yield dividends like proper stocks! Another additional successful ICO project — media blockchain GOLOS. If you still do not know what it is, you can peruse their site, which is a source of peculiar news from IT field: https://golos.blog Its ROI has been 398%.
Also if potential investors feel that the project is profitable, its tokens will sell like hotbitcakes! Just imagine: an innovative browser Brave sold more than 35 million dollars in 30 seconds! Apparently the investors were hooked on the idea of receiving cryptocurrency for ad views! To me it looks like a pretty legit idea....
One would think right away: "Where can you get the latest news about ICO?" Special sites cater to those needs — they are called ICO trackers. These websites provide information about issues of new tokens, their stats and information....
Here is a list of ICO trackers:
https://www.coinschedule.com
https://www.coingecko.com/en
https://www.numizmo.com
https://icobazaar.com
https://www.tokendata.io
https://www.tokentops.com
https://www.coin-list.com
https://urbancrypto.com/ongoing-icos/
http://icochecker.com/ico-coming
http://icodaily.net/
You can contact founders of projects, ask experts and gossip with other investors on a dedicated forum https://bitcointalk.org.
All decent ICO projects have their YouTube channels, accounts and groups on Facebook, Twitter, Telegram and other social media... If the project is a real deal it will allocate enough resources on PR and ad campaign.
You should always be able to find White Paper and Road Map, which will guide you through all stages of the project and useful information for the investors. There should be photos of the project team and links to their social network profiles. From these photos should look people with Prudence and Integrity in their eyes, otherwise you might be in trouble...
Pay attention to sections, where it is described how you can reimburse your funds in case the project will turn pear-shaped; will they have unsold tokens burned — in this case tokens, remaining with investors, are going to grow in price.
It also looks reassuring if the project has some material base, that is — if it is connected to real economy. For example, Global Metrology Project has a Metrology Lab that is in such high demand that it plans to develop their own network of centers around the world.
In the process of choosing of a sound project for investment it is very important not to hit a snag, i.e. give money to scammers. Some ICO trackers actually warn about dishonest or straight away shady enterprises. Actually, it is a topic of a completely different article, and I might preach a sermon on it later.
How can you detect a shady enterprise — you can check the project for all the things I have been talking about in the last paragraph: Have the founders got a White Book? Is it a back of the napkin? Are all the conditions of investment stated? Do the rates even look real? All they talk about is "blockchain", but they have no connection to real economy? Shady!
Sometimes project with high hype turn out to be HYIP (High Yield Investment Program) — a kind of Ponzi scheme. Its organizers will promise you pie-in-the-sky dividends AND will actually pay them. At first... Then everything will follow the melody of Robbing Peter to pay Paul tune. One of the brand new Ponzi schemes of the XXI century is OneCoin — it has already gathered $250 M among the growing talks about its untrustworthiness and shadiness.
Certainly there are projects, which will return investment ten- or hundredfold. They are mostly connected with blockchain technology enhancement or application: starting from crypto stock markets, crypto banks and crypto casinos and all the way to tow truck, taxies and dating agencies.
So, as experts would suggest: “Thoushalt not fear to invest — Thou shalt fear shady ICOs!” Firstly, do not sell your kidney to buy some crypto money, Secondly, most experts advice to diversify: “Do not put all of your investment in one ICO.” Lastly: You have to spend time to earn money. Information equals money, so you would have to monitor zounds of sites and channels to increase your profit!
Author: Dickinson-Junior
submitted by Dickinson-Junior to icocrypto [link] [comments]

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