LogX provides a platform where traders can have ample liquidity for seamless transactions and efficient trading experiences.
Log X enables traders to use its tools in centralized and decentralized exchanges. Also, users can trade against a liquidity pool (LP). In a decentralized exchange, traders receive tokens representing their share of the LP.
The LP holds stable assets like USDC and USDT. This way, traders can use these stablecoins for trading. Any gains or losses they make are settled using these stable assets as well.
Price Oracle
LogX uses a special system called a “dark oracle” to gather prices from different trading platforms. Centralized and decentralized exchanges. These prices are then averaged out to find a fair value.
LogX Trading x AI Manifesto
LogX is pioneering a new era with a bold manifesto: to bridge the gap between the potential of DeFi and the sophistication of traditional trading through the power of AI.
Our commitment to innovation goes beyond improving liquidity & reducing… pic.twitter.com/4cB7fAWA74
— LogX 🪵 | Trading x AI (@LogX_trade) April 1, 2024
Then, the platform compares prices from another reliable source called the Pyth Oracle network to make sure it’s accurate. This process helps ensure that the prices used on LogX are fair and reflect the actual market value. Pyth also helps provide real-time prices for different tokens on LogX and powers the charts you see on the platform:
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LogX’s trading pool consists of stable tokens such as USDC and USDT.
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Trades can use one of these stable tokens as collateral.
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Eliminates the necessity to maintain separate funds for each token type.
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Provides access to the same pool of funds regardless of the trading token.
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Traders can use stable token funds to trade any token listed on LogX.
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The availability of stable token funds ensures seamless trading on the platform.
Brand new trading panel for @LogX_Pro is now LIVE 💥
Our devs believe it's better than @binance 👀
What do y'all think? pic.twitter.com/Hl15LxuvGz
— LogX 🪵 | Trading x AI (@LogX_trade) March 26, 2024
Risks and Limitations Check
Each trade’s maximum profit is limited to 800% to reduce risks for liquidity providers. Here are 2 other important risks:
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The system balances the number of buyers and sellers for each token to protect liquidity providers.
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There’s a limit on how much you can invest in each token to manage risks.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
