Review on Unitrade by LUIS RIVERO R
The Dex exchange offering to place limit orders, currently under development for BSC.
This is a decentralized exchange based on the UniSwap code, that is, anyone can execute and verify it, since it is available on github, according to official data, contract security audits have been carried out.
The liquidity providers are basically the same as uniswap as it uses this volume to match its trading peers.
Why use Unitrade for transactions?
-As I mentioned earlier, this small exchange uses the Uniswap mining pools, but the difference is made in the execution of orders since it can place a limit and value in the amount that it places if it arrives automatically, the purchase or sale contract is activated. which for now does not have Uni.
-It has graphs updated in real time related to the orders available or made.
Token utility.
Basically it is used to pay liquidity providers as a reward, its value is supported by the payment of fees in the exchanges made in UNI, basically 60% of what is obtained by rewards is used to buy back tokens and burn them, which mainly does is create added value.
In general, this project has good development characteristics, however its development team is totally anonymous so everything depends on the trust that its users give it, it offers important characteristics to be a DEX exchange, however due to the current rates of Ethereum gas is not profitable to use this type of service.
They are currently conducting tests on Binance Smart Chain, I believe that it will have better movement in this network.
Pros
- It allows to place limit orders at the price that the user stipulates.
- Fully decentralized.
- Discounts on transactions for token trade holders.
- Open source and verified by third parties.
Cons
- You don't have enough security checks yet.
- Low number of users.
- Transactions are currently expensive.
