Fractal to partner up with GSR
Reaching out to our Fractal Community for feedback
As we are approaching listings on top-tier exchanges, we would like to gather your feedback on our plans to distribute FCL 9.0m from our reserve for liquidity purposes to GSR. Founded in 2013, GSR is the leading trading firm in the cryptocurrency ecosystem. GSR Markets’ institutional grade software suite has been battle-proven in crypto markets.
Why involving a market maker or liquidity provider?
Market makers play an important role in increasing the accessibility and liquidity of cryptocurrencies to traders, investors, and market participants globally in real-time. Market making is an activity whereby a trader simultaneously provides liquidity to both buyers and sellers. Liquidity is the degree to which an asset can be quickly bought or sold without significantly affecting the price stability.
Markets that have low liquidity will generally have wide bid-ask spreads in their order books that can increase the volatility, therefore rendering it more difficult for traders to get a fair price for their trade. Also, the overall liquidity of a market greatly influences its growth as it allows more orderly entry and exits points for traders and dramatically reduces slippage.
“Working with GSR seems like the safest and also most professional choice for our Fractal Token (FCL) to be traded at the highest level and growing volume globally”, Julian (Founder & CEO, Fractal) says.
What does this mean for the future?
Working with market-leading service providers helps top-tier exchanges welcome listing FCL. Looking ahead, we will continue to involve our community in crucial decisions living up to the principles of the web3 and listening closely to your strong voices and deep insights.
So, please send us your comments and feedback underneath this article or use our main Fractal Telegram Channel here: https://t.me/fractal_protocol — we are happy to hear from you.
About Fractal Protocol
Built on Polkadot, Fractal Protocol is an open-source, zero-margin protocol that defines a basic standard to exchange user information in a fair and open way, ensuring a high-quality version of the free internet. In its first version, it is designed to replace the ad cookie and give users back control over their data.
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