UNUNX decentralized derivatives exchange 0.2
UNUNX Exchange is a decentralized all-round exchange based on the blockchain. It does not require user registration information, does not custody user assets, has no geographical and national boundary restrictions, and does not require a bank account. It uses the blockchain as the carrier and USDT as the unified base currency. , users make asset allocation with a global perspective, where you can trade encrypted digital currencies and other countries’ stocks, funds, futures and foreign exchange.
Smart contract:
The UNUNX exchange is deployed on the Ethereum second-layer chain in the form of smart contracts. All trading activities are completed by smart contracts on the chain without manual intervention. The contracts are based on orders, and all orders are recorded on the chain and exist permanently. Different from DEFI's market maker mechanism, orders are completed as a whole without slippage, and users do not need to consider slippage losses and slippage arbitrage.
assets:
Currently, there are four major categories of financial products, including digital currencies, stocks, futures and foreign exchange, and nearly a thousand financial products. More high-quality assets will continue to be added in the future. Stocks include funds and major exchange indexes in various countries. The prices of different assets in different countries and transactions will be different. Stock assets are based on the trading price in the region where the stock issuer is located. They do not participate in stock dividends, ex-dividends, gifts, etc. Futures and foreign exchange are subject to international general prices. For digital currencies, take Bitcoin as an example. Each exchange has slightly different prices. We cannot determine which one has the most accurate price. What we need to do is to establish our own price aggregation center. Collect multiple trustworthy price providers, including on-chain oracles, and use their average price as the final market price to avoid price anomalies on a single exchange or intentional insertion that may cause losses to users.
Order:
Most of the existing decentralized exchanges, such as uniswap, are market maker mechanisms that require users to add liquidity. When liquidity is insufficient, slippage increases, which gives arbitrageurs an opportunity to take advantage. UNUNX revolves around user orders and liquidity It is borne by the exchange itself, and losses are also borne by the exchange. There is no problem of slippage, insufficient liquidity and insufficient transactions. This is similar to a centralized stock exchange. In order to improve the safety margin of users, we have added stop-profit and stop-loss functions to orders. Take-profit and stop-loss prices can be set at the same time when placing an order. When the price reaches the stop-profit and stop-loss prices, the order will be automatically closed and closed.
cost:
Transaction fees are divided into opening fees and closing fees.
The opening fee is only 0.5% for stock assets, and there is no opening fee for other assets.
The closing fee is only 0.2% for profitable orders. There are no closing fees for losing orders and there will never be a closing fee for any losing orders.
There is no funding rate, which means you can hold any asset for a long time
GAS fee, this fee is charged by the chain and has nothing to do with DAPP. In order to reduce GAS fee, UNUNX is deployed on Arbitrum L2. The second-layer network can effectively reduce GAS fee and increase transaction speed. The total actual transaction fee per transaction is about US$0.03.
When your order breaks even, except for the 0.5% opening fee for stocks, there will be no fees for other types of digital currencies, futures and foreign exchange contracts.
Period:
Different assets have different trading hours. Digital currencies can be traded 24 hours a day. Other financial products need to abide by the trading hours of the local exchange. For example, AAPL Apple stock prices and trading hours come from the US Dow Jones Exchange.
limit:
Due to the limited amount of information that the blockchain can carry, each account can create up to 2,000 orders. When the upper limit is reached, the account can be changed to create new orders. The minimum amount for each order is 100 USDT. There are no trading volume, liquidity or other restrictions.
Asset transfer:
Decentralized trading does not require recharging first. The balance after order settlement is retained in the smart contract and needs to be withdrawn by the user. The smart contract serves as a public fund pool to store the balances of all users. By default, your balance will only be withdrawn. To your order account, we give users one more choice. You can transfer the balance to any account, and then withdraw it from the receiving account. As shown in the figure below, account A is transferred to account B, because the asset transfer is found within the public contract. Account B will not appear in the transaction information, and then log in to account B to withdraw. Of course, it can also be used for market transactions. There is no direct connection between the two accounts through public fund pool transfers. Even through the gas path, it is impossible to find out which one is between the two. correlation, which protects user privacy more effectively than a mixer.
Transfer 100u from account A 0x2E29304769e5fdD... to account B 0x5Ea10f069E354692... through Transfer. The balance is the market balance after you recharge or trade.
Checking the transaction records through the blockchain browser only shows the gas fee, but there is no information related to the transaction amount and target account.
Account B logs in to the website through the wallet and withdraws the Market balance. All withdrawals by users are taken from the market public balance and have no connection with the entrance account. This balance can also be used to participate in market transactions.
end:
UNUNX builds a new generation of full-stack exchange centered on blockchain, including U.S. stocks, futures, foreign exchange, and digital currencies. It aggregates global high-quality assets for one-stop trading. Every user can trade financial products of other countries on an equal footing. Decentralized contract real-time transactions, no custody of user assets, no need for user information, safe, anonymous, and efficient. More financial products from emerging countries will be added in the future. The global economy is booming, and opportunities do not always appear in one place. Global perspective to discover more opportunities.