Early last week we had some great news coming from our new Market Maker designed for BTS DEX, but I could not share it here on Steemit as I had to head to the Graphene Developers Conference in Shanghai. As I started to write, I stumbled upon a great article posted on Medium.com by @Cryptopanda
As I have to blog about our Shanghai Graphene event, I would rather defer to @CryptoPanda's excellent review of our Market Maker concluding:
NIO — The Market Maker Gold Standard
The proven success of the BTSDEX Bot puts Autonio on the path to become the market maker Gold Standard across DEX platforms. Incorporation of NIO is a necessary step forward for any DEX wishing to compete in the crypto space. Illiquid, low volume, thin books and massive slippage will be a thing of the past."
On acheiving $30,000 of volume per hour with only $900 injected and generating $90 of profit in 24 hours, Autonio, Co-founder and CTO said:
“300,000 trades per day for a single user on CEX, and 85,000 trade actions per day from an user on DEX. I think we can do up to 300 million executions per day soon, which is the Wall Street max by their largest hedge fund market maker.— Sam Ben, Co Founder and CTO
Here are @Cryptpanda's closing thoughts:
