How does decentralized social trading (DST) order crypto from the market?
Decentralized social trading is the concept of making an investment platform for a community. Right now, the closest things to freedom funds are copy trading and social trading. These two can be enhanced further when combined with blockchain technology. Just like the bank is considering using blockchain tech to reduce costs? In the near future, funds, ETFs, and other investments will soon follow this trend.
One of the differences between centralized and decentralized investment is the way they look for an asset in the market. Traditional investments must find a supply from someone who is willing to sell it to them. The price of the asset will be adjusted between the seller’s and buyer’s demands. Like when you buy stock, gold, or even crypto on a centralized exchange. You must buy it from someone who is willing to sell at the agreed price. But the decentralized marketplace is a bit different. Because many cryptocurrencies prefer to list their tokens on decentralized exchanges (DEX), token prices are calculated using formulas. The token price depends on the pool size and the portion between two tokens in the pool. This system allows an exchange to operate on its own. No one can manipulate the exchange. This algorithm has made DEX decentralized and popular. The birth of liquidity pools is booming. CAMP also obtains crypto assets through this method to make our platform decentralized as much as possible.
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We are a social trading platform. While trading, there will be a huge number of assets that need to be ordered or sold. The challenge for our service is to find a crypto asset from a liquidity pool. Since there are a lot of pools for us to choose from, and each pool has a different price, luckily, there are many projects working to find the best rate. Our plan is to partner with them and obtain crypto at the best price using their service.
If CAMP succeeds in making a decentralized social trading platform, the world will have a platform where anybody with skills can step up and become a trader for a community without going through unnecessary regulation. We believe investing should be simple.
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