Bulk Order
Last updated
Last updated
Disclaimer: "Bulk Order" is a decentralized finance (DeFi) application built on the Bitcoin Cash blockchain. It is not a registered financial institution and is not subject to regulation by any government agency. By using this product, you understand that you are participating in a decentralized, open-source (will be open-sourced later) project and that the developers of the product make no guarantee of its performance or security. Investing in this product carries a high degree of risk, including the risk of losing all or a portion of your investment. The product is intended for use by experienced cryptocurrency investors who understand the risks associated with DeFi applications and blockchain-based investments. The product does not guarantee any returns and past performance is not indicative of future results. The product is built using smart contracts and is open-source, meaning that it is not controlled by any central party. While the developers have taken reasonable steps to ensure the security and integrity of the contracts, there is always a risk of bugs, errors, or other issues that could result in the loss of your investment. By using this product, you represent that you understand the risks associated with DeFi applications and are willing to assume them. The product makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the product or the information, products, services, or related graphics contained on the product for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
For the maker side, users don't need to pay platform fees. They just only pay a small miner's fee.
For the taker side, the user has to pay a miner's fee in addition to a 0.6% transaction fee if the transaction amount is at a certain level.
The Bulk Order feature is available in the Bazaar Tab.
Click the "New Order" button.
If you want to buy tokens, you need to click on the "You buy" drop-down box and search for the token which you want to buy. (e.g.: GM)
After selecting the token, fill in the amount of BCH you want to spend and how many tokens you want to buy (e.g. spend 0.01 BCH to buy 1000 GM tokens), then click "Create Bulk Order".
Once this is done, you can see the bulk order you created on the Bazaar Tab. Similarly, creating a sell order is a similar process.
Under the Bazaar page, select the order you want to take, and click the "TAKE" button. (e.g. someone wants to buy 100 CASH tokens using 0.001 BCH)
Then it will pop up a dialog box asking you to confirm whether taking the order. If you click "OK", you will sell 100 CASH tokens and get 0.001 BCH.
If you have created a bulk order but want to cancel it, you can find the order you created in the list and click the "CANCEL" button.
Then it will pop up a dialog box asking you to confirm whether canceling the order. If you click "OK", the order will be canceled.
