Deposit funds from your wallet. (If you deposited $NEAR on spot, you’ll have to swap to $USDC and withdraw it from there first)
As you can see, what we have here is NEAR-PERP which means the perpetual (futures) contract for $NEAR.
And you can see we have just two options - LONG and SHORT
And we can do that with a leverage of X10
So in this we’d just LONG and SHORT a few trades and close instantly.
So in “AMOUNT NEAR” I inputted 320 $NEAR and market LONGed.
Closed instantly.
Switched to SHORT and did the same.
So since I’ve traded twice with a collateral of 64 $USDC with a 10x leverage, that means my trading volume is $64(collateral) x 10X(leverage) x trades (2) = $1,280
Now we’re done interacting with the @spin_fi protocol.
ZKasino is a decentralized casino created by @ZigZagLabs built on Layer 2 ZK-Rollups technology allowing for infinite scalability whilst keeping optimal decentralisation and security from the Ethereum network.
Interacting with the betting platform is easy, but the harder part is remaining on the top 5000 in the leaderboard (there could be more incentives for you that way) so this means you have to put in efforts to get on top and more to remain there.
An order block as it implies means a block of orders stacked up by financial institutions, banks, professional investors and traders, hedge funds, the interbank market etc.
These guys are referred to as Smart Money - Basically the Big Players.
Why do order blocks exist and how do they work?
The simple answer is liquidity, I’ll explain below.
When these guys want to buy a position of say $300m worth of $BTC, they do so in stages by placing their orders at the accumulation stage before price moves to their entry point.
NFT stands for "Non-fungible Token" which are simply tokens that cannot be swapped for another.
For instance a 500 naira note in your wallet is the same note in mine and it can be divided eg #200+#200+#100 = #500
That's simply what fungibility means.
But an NFT is unique and can't be duplicated anywhere else in the world, that is if I own an NFT, no one else can have it and that's what non-fungibility is.
And unique items have more value compared to non-unique ones, and here's where the concept of demand and supply comes in.