UNAS Swap&Trade
UNAS Swap&Trade uses an automated market maker (AMM) model. This means that while you can trade digital assets on the platform, there is no order book where you are matched against someone else. Instead, you trade against a pool of liquidity.
These pools are filled with funds from other users. They contribute them to the pool, receiving liquidity provider tokens (or LPs) in return. They can use these tokens to get their share back, plus a portion of the trading fee.
You can trade BEP-20 tokens or add liquidity and get rewarded. There are other features as well, which we will talk about later.
UNAS Swap&Trade - provides customers with access to deep pools of liquidity and the best execution prices on the UNAS exchange. Retail and corporate users can trade on the exchange through a desktop interface or through the exchange's API. UNAS Exchange supports cryptocurrency trading pairs of the BSC BEP20 network as well as market-leading cryptocurrencies with market capitalization and volume such as BTC, ETH, SOL, BNB, USDC and others, as well as the UNAS token, the native currency of UNAS Space.
Commissions on the exchange are based on trading volume and on Staking UNAS. The higher the trading volume and/or the higher the amount of Staking UNAS, the lower the trading fees. In addition, users are given discounts on trading fees if they pay the fees in UNAS.
Introducing blockchain into the stock market
In early March 2020, Japan Exchange Group, owner of the Tokyo Stock Exchange and Japan Depository Center, announced the launch of a blockchain platform for the exchange of securities after trading. NEC Corporation became the technological partner of the project.
The Japanese exchange group invited securities companies, asset managers, trust banks and service providers to participate in the project. The pilot project will be launched as part of a 44-member consortium. Many global brands, such as BNP Paribas, Citigroup, HSBC and Goldman Sachs, are members of the alliance, but most are Japanese institutions, including Daiwa, Nomura, Nikko, MUFG, SBI and SMBC.
The goal of blockchain is to improve the accuracy and efficiency of transactional data processing, including approving transactions, updating owner records, and paying and delivering securities. Blockchain solves most of the problems associated with post-transaction data processing, providing transaction transparency for both parties. By reducing transaction clearing and settlement time, blockchain also provides the ability to audit transactions.
There are also many blockchain initiatives in Japan aimed at tokenization, especially in the bond sector. Nomura and NRI have formed a joint venture, BOOSTRY, and MUFG has formed a security research consortium.
Blockchain in stock markets is becoming a new trend for traditional financial markets - finally not in words, but in reality. In June 2022, two countries announced the introduction of blockchain into domestic stock exchanges: Nigeria and Papua New Guinea.
Right now, PNGX Markets takes nearly three days to settle trades on PNGX and uses outdated technology systems that still rely on operators and manual data entry. PNGX Chairman David Lawrence believes blockchain will help "turbocharge" PNGX's capital markets and enable instant settlement on the exchange.
"XBourse technology and smart contracts can boost public and private capital markets in the Pacific, and make it easier for local and international investors to invest directly in PNG-listed companies," Lawrence said.
Blockchain will be a key component of the new trading platform and, in addition to settlement transactions, will give PNGX the ability to maintain a share register as a central securities depository. This will allow the exchange to act as a custodian of funds from international investors, as well as provide interaction with the Bank of Papua New Guinea and the Investment Promotion Authority.
UNAS is ready to go even further and offer UNAS-StoX technology for Asian financial markets.
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