🦴 Hi, I am MATTER. I have heard a lot about the 10,000 times coin in the primary market, but I have never participated in it? This is my first article on the Binance platform, bringing you a basic understanding of the primary market!
This article is an introductory article on primary market (on-chain) trading. It mainly introduces some auxiliary tools, on-chain trading platforms and explanations of common terms used in transactions.
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#️⃣ Token information disclosure website:
Project parties with some strength will disclose their token information on these two websites. Many native projects will not be able to query the information, which is one of the indicators of the strength of the project party.
— CoinTiger: coingecko.com
— CMC: coinmarketcap.com/zh/
#️⃣ Aggregation website for tracking and project information:
You can monitor the market to view real-time transaction data, and view the basic security information of the token and links to the project's official website, Twitter, etc. After opening the platform website, just search for the token contract you want to view (it is not recommended to search the name, there are fakes). The platform itself also provides trading functions, but it is not professional enough!
— Ave: avedex.cc
— DexTools:dextools.io/app/cn/pairs
#️⃣ Decentralized exchange:
There are many chains now, and not all tokens can be traded on the same exchange or platform. Some tokens are not traded on multiple chains on every chain. Secondly, tokens listed on different exchanges and platforms The trading pairs are also different! The following are the two most mainstream decentralized exchanges. They also support different chains, and they are the leaders of the two chains!
— Binance Chain: pancakeswap.finance
— Ethereum chain: app.uniswap.org
#️⃣ Explanation of on-chain transaction terms:
— Slippage: After the transaction is submitted to the chain and the price fluctuation exceeds the set percentage, the transaction will be cancelled. It is a price protection measure for buying and selling, but if you encounter some tokens that need to be taxed, you may need to set the slippage to the tax rate + the percentage of transaction impact.
If you encounter a situation where you cannot buy or sell, assuming there is no problem with the token contract, the slippage is too small!
Once you have mastered the above, you will be able to use the dog beating stick very powerfully. The next issue will introduce how to judge whether a dog is good or bad. Come on! ! !
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