2/11
Limit trades have been missing from #DEX protocols. They are a staple in traditional finance, also appearing on #CEX like #Binance or #coinbase.
Range orders on #uniswap are not the same as limit trades.
8/11 In order to use the limit order feature, you will require to fund your account with $KROM tokens.
These are the magic tokens that unleash @KromatikaFi limit order power!! ;)
Here is a video on how to deposit Krom.
9/11 Once you've added $KROM into the @KromatikaFi#dapp, it is time to set your limit order.
Just a reminder that you can switch on PRO mode to watch the charts within your #Kromatika dapp to help you with the trade. We also have a Gas tracker at the bottom right to help you.
NOTE:
a) Limit orders on #sushiswap, #1inch or other protocols cannot compare to #Kromatika. Why?>> Using #uniswap v3 concentrated liquidity + #chainlink keepers to settle transactions, the orders on @KromatikaFi are filled automatically+quickly.
NOTE:
b) The LP rewards you earn per limit order can cover the service fee paid in $KROM for the trade. Sometimes the LP rewards are MORE than the fee paid for the trade. It depends on the slippage of the pair. #Kromatika
NOTE:
c) There are no other protocols that I am aware of which offers BOT protection on limit trades. Except @KromatikaFi
When tested side by side with #1inch, the limit order on #kromatika was filled and executed, while 1inch experienced delay on its order waiting to be filled.
NOTE:
d) No delays on order fills, automatic execution, BOT protection, LP rewards, no swap/slippage etc make @KromatikaFi the perfect platform for Limit Order trades. There is no competition. Period. #Kromatika $KROM #DEX#dApps#DApp#Chainlink#Uniswap $LINK $UNI #ETH
0/ "Refunds" are a must-have feature for any payment processor. Unfortunately, the process can be long and tedious when you have to request them from merchants.
But, what about @WadzPay? How do they handle refunds?
1/ Refunds seem simple: return the product & get your money back right?
But, what about taxes like VAT or GST on your invoice? What if you need a refund a year later when tax rates have changed? What happens when you want a refund for one item out of the ten purchased? 😲
$WTK
2/ @Anish_tweeets said it wasn't an easy process to get this feature added. It is quite a complex one as you can imagine because of the various other charges attached to the prices of a product on an invoice.
1/ To get the masses on board with #blockchain, we need practical use-cases. This is where Anish's payment expertise comes in.
The @geidea pilgrim program & @DubaiDutyFree program lead the way as first-of-their-kind examples.
$WTK
2/ One of the main themes around @WadzPay is INTER-OPERABILITY.
“The beauty of the WadzPay ecosystem is it connects not just into one bank or one market. It’s a global system, which then gives access to different markets as well.” - @Anish_tweeets
1/ I will only cover points from the AMA that interest me:
- WadzPay 2.0
- USDC Algorand
- WadzPayChain (WPC)
- Geographical Markets
- WadzPay Offices
2/ WadzPay 2.0
It is technology enhancements that allows better settlement, consumer experience, seamless flow of funds, tokenisation etc.
It is a combination of different layers which is WadzPay and their strategic partners such as Algorand, USDC and others. ( $XDC is a partner)
2/ @WadzPay using $XDC technology means faster transaction speeds, negligible gas fees, military-grade security, along with XinFin’s focus on providing applications for trade finance and remittances.
This partnership enables $WTK solve interoperability issues. @Anish_tweeets
0/ We know that @jumio tech has been integrated by @WadzPay.
.
I dove into Jumio and this is what I found...
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Did you know that Jumio was the first ever to invent the verification method of using a government-issued ID paired with a corroborating selfie? 😲
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It's guaranteed that you've used @jumio services for KYC at some point be it on a crypto exchange or passport verification or something along those lines.
(Video taken from Jumio website)
$WTK $XDC
2/ Jumio uses informed AI + machine learning to build the next generation of online identity verification and AML technologies to service over 10 industry sectors.
It is used for KYC/AML compliance, fraud detection, biometric authentication etc.
Kromatika's FELO (Fees Earning Limit Orders) are an innovative approach to limit orders in the #Ethereum Ecosystem.
🧵👇
1/ What are limit orders though?
It is a direction to buy/sell an asset at a specified price. This allows traders to exercise better control of the prices at which they trade avoiding volatility.
A limit can be placed either as a buy or a sell order.