HiggSwap will list NNC on Oct. 25th.
The HiggSwap platform (https://trade.gaex.one/higgswap) jointly developed by NNS×GAEX.com×HiggsNetwork will list NNC on October 25th. NNC users will experience:
Unlimited depth + continuous NNC liquidity trading experience
NNC liquidity providing program and dividends participated by the community
NNC trading arbitrage path connected to the outside of HiggSwap
In the past, NNC trading was mainly conducted through pending orders on traditional exchanges, and the buyers and sellers make a deal through a program (matching engine). It is a freely traded market. People who have the willingness to buy and sell create“buy orders” and “sell orders” and realize the trading of orders between the two parties through the “intermediary” of the exchange. Often due to its free nature, it often fails to provide sufficient trading depth to the market, resulting in new users not being able to purchase NNC at the immediate market price. The NNC trading on HiggSwap, a new type of platform, effectively overcomes the shortcomings of the traditional exchange’s lack of liquidity.
HiggSWap uses an AMM (Auto-Market-Maker) algorithm called “Constant Product Market-making Model” to completely get rid of the concept of limit orders. The trading price is automatically set based on the constant product (x * y = k) of NNC and BTC/ETH/USDT or other tokens in the exchange pool, where x and y are the number of tokens in the NNC trading vs. SWAP funds pool, k is the product. To keep k constant, x and y can only change in the opposite direction. When the user uses NNC to exchange BTC//ETH/USDT, the number of NNC, BTC/ETH/USDT will change at the same time. At this time, the current trading price is calculated according to the number of Tokens in the SWAP funds pool and can be withdrawn immediately from the funds pool.
NNC trading fees on HiggSwap
The current trading fee is 1%, of which 0.7% is allocated to the HiggSwap funds pool provider, 0.2% to the HiggSwap channel, and the remaining 0.1% for HiggSwap technical support.
NNC user roles on HiggSwap
Customer, the user of DAPPs in the NNS ecosystem, who has a very clear need for the liquidity of NNC and other digital assets;
Banker, which injects liquidity into HiggSwap and receives a 70% dividends on trading fees, who is also often a supporter of NNS and a holder of NNC;
Trader, to get through the liquidity of HiggSwap and other exchanges when the Customer uses HiggSwap and find the price difference between HiggSwap and other exchanges. They will use the arbitrage operation to smooth the price differences
HiggSwap’s advantage
HiggSwap will be a trading platform for everyone to create liquidity. When you find that NNC has trading opportunities with any other mainstream digital asset, you can put the equivalent value of NNC and mainstream digital assets directly into the SWAP funds pool of the trading on HiggSwap. Then you will receive trading fee income from the satisfaction of these trading requirements due to the liquidity provided.
HiggSwap solves the most important liquidity problem in the current cryptocurrency trading market. No matter how large the order book is, or how small the liquidity pool is, it can provide liquidity. This is the unique and unusual feature of HiggSwap. Market makers no longer specify the trading price when providing liquidity, but only provide funds, and HiggSwap will take care of the rest.
The ease of exchangeability of HiggSwap. HiggSwap is an open interface. Any website or dApp can access HiggSwap. At this point, any user of the website or dApp can trade between NNC and any digital assets without accessing the third-party trading website. This will greatly reduce the use threshold of NNC so that any user holding digital assets can quickly get NNC and participate in the NApp ecosystem dApp products. So HiggSwap will inject vitality into the currency exchange between dApps in the NNS ecosystem, in a world of millions of micro-trading, a huge liquidity pool makes more sense than having people pay attention to the liquidity requirement at a particular price.
NNS is the first key project of NEL, which is a China-based NEO Developer Community
NNS is NEO’s domain name service, which is a distributed, open-source and extensible domain name system based on the NEO blockchain. It is intended to replace the irregular string of the wallet address, smart contract hash, etc., which are difficult for human beings to remember, with a short phrase of a word phrase or the like. At present, the NNS has been launched to NEO MainNet. Its website is: https://neons.name
GAEX.com — — Global Assets Exchange
Global Assets Exchange is a comprehensive financial platform based on blockchain game eco-users, providing trading, custody and wealth management services for digital assets, game assets, and computing assets.
HiggsNetwork — the first decentralized financial (DeFi) project in the NEO ecosystem
The Higgs Network will be a next-generation infrastructure network for Decentralized Applications (DAPPs) that will decentralize applications from three dimensions: token exchange liquidity, user traffic import and blockchain technology services. (DAPPs) support.
