(MENAFN- Hmedium.com) BitMart, a premier global digital asset trading platform, will list UniLayer (LAYER) on April 23, 2021. For all BitMart users, the BREW/USDT trading pair will be officially available for trading at 4:00 AM EDT. To celebrate the listing of LAYER, BitMart is giving away $5,000 LAYER in Trade to Share event and enjoy 50% Off Trading Fees, 5 Days in a row!
What is UniLayer?
UniLayer is multi chain decentralized trading platform built on top of Ethereum, Binance Smart Chain, HECO and Polkadot that enables key features for professional-level trading with its LAYER utility token, focusing on automated swaps and liquidity management, flash staking, charts and analytics, live order books, and a lot more. Furthermore, the UniLayer ecosystem offers automated swaps, liquidity management, staking, a DEX aggregator, as well as a crypto launchpad for up and coming projects. Also, UniLayer features a fiat on-ramp. This makes it extremely simple for users to access decentralized finance (DeFi), without the use of a centralized exchange as an intermediary.
The LAYER token is the native ERC-20 utility token that powers the UniLayer ecosystem. Most of the functions within the UniLayer platform reward LAYER holders for staking their tokens within the platform. This is a common theme that will continue along with the expansion of the platform, bringing further utility to the LAYER token as new features are introduced.
UniLayer Features
This section highlights the main offerings of UniLayer and how they build upon the foundations of Uniswap that we explored above.
Automated Trading Done Right
Automated trading is expensive to do on-chain due to gas fees, so trades must all be managed in an intelligent dashboard specifically designed to carry out such trades. UniLayer monitors on-chain state for liquidity, token values and exchange rates, and initiates real-time feeds to the dashboard where automated trading can then take place. There are a number of powerful features that become possible with automated trading- let’s cover a few of them.
Executing buy and sell orders at specific token prices
Being able to execute trades when a token price reaches a certain value is a critical part of any trader’s strategy, whether aiming to enter the market after a dip in token value, or building upon holdings when a token reaches a particular value, automated trades are critical to do such things sufficiently at the right time.
Although Uniswap offers the mechanisms to swap tokens, it is not possible to queue orders based on token prices. Instead, the user must manually execute trades using the Uniswap exchange interface or a supported third-party service that supports the protocol. With the UniLayer dashboard, users can now target specific price movement to initiate a trade and have confidence they’ll be executed automatically.
Scheduling Buys and Sells
Professional traders are accustomed to queuing trades and executing them at a particular time of day — this is known as scheduling. UniLayer brings this functionality to the blockchain by executing trades at a specific time directly to Uniswap. As UniLayer runs in the browser, it can utilise the JavaScript Date and be aware of specific time zones. Buys and sells are scheduled and persisted in the browser, and are executed when the scheduled time is met.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 2 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 365+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About UniLayer
UniLayer is a next generation decentralised trading platform built on top of Uniswap that enables key features for professional-level trading with it’s LAYER utility token, focusing on automated swaps and liquidity management, flash staking, charts and analytics, live order books, and a lot more. To learn more about UniLayer, please visit their website and join their Telegram.
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