Ferrum Network | UniFyre OTC and Peer-to Peer Trading

huyngo3008 (39)in #ferrumnetwork • 5 years ago

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UniFyre OTC and Peer-to Peer Trading

In those instances where the counterparties are known to each
other, the UniFyre Wallet will also enable a direct OTC exchange
through the “Direct OTC Trade” function. This feature allows parties to
select the amount of cryptocurrency they wish to send in exchange for
an amount/type of crypto currency they wish to receive. After those
material terms of the transaction are determined by the parties, the
user inputs the UniFyre Wallet address of the counter party and
“requests exchange”, at which time the transaction will appear in the
counterparties’ Wallet, where they can accept or reject the transaction.
The requirement that both parties accept a transaction before it is
executed offers a layer of security absent from a typical Bitcoin
exchange, wherein once a transaction is sent, it cannot be rolled back
or cancelled. An OTC Exchange is executed for a small amount of FRM
for running the transaction on the network. Once accepted, the trade
executes almost instantly. In sum, the Direct OTC Exchange using the
UniFyre Wallet will be the fastest, least expensive and most
trustworthy means of conducting a decentralized peer-to-peer
transaction.

The Infinity DEX

The Infinity DEX will operate much like a centralized exchange,
matching makers and takers over an intuitive and simple order book

and matching engine. However, all trades are conducted over Ferrum’s
decentralized network. Like any centralized exchange, buyers and
sellers can execute market orders, limit orders, and stop orders. The
interface will be familiar to everyone in the crypto community and easy
for novices to use.

Investor’s AI Assistant

In most exchanges, user can usually place market, limit, or stop
orders. These are useful tools for executing a trade, but they do not
help with decision making about trades. An informed trade decision
about a trade, at minimum should take several pieces of information
into account:

• Market sentiment about the asset;
• News articles, tweets and public Telegram chatter about the
asset;
• Trades of co-related assets in the same and other markets; and
• Short term and long-term technical movements of the price

In addition to the above, several other techniques such as

hedging positions and forming an optimal portfolio can affect short-
term and long-term results for an investor.

Ferrum’s AI Trading Assistance will monitor news outlets, Twitter
feeds, and public Telegram chatter for any relevant mention of digital
assets. It will then combine that stream of data with price and order
book information from the market to identify critical moments for the
price movements. Users of the Infinity DEX will be notified, according
to different AI algorithms, what critical movements are possible, and
let the user make an informed decision about entering or exiting a
position.