![]() Starting now, Prime subscribers can access a free package via the Amazon Prime Gaming portal, which grants them an NFT and in-game currency upon creating a new player account for Mojo Melee. Polygon-based NFT game Mojo Melee has joined forces with retail giants Amazon to offer free NFTs for Amazon Prime subscribers. Binance Convert effectively eliminates this problem. Slippage occurs when an insufficient amount of liquidity exists to fill the order at the user’s price target. Trading digital assets that have lower liquidity and volume can trigger slippage, leaving you potentially surprised with the actual final price. Liquidity For All: Trading via an order book puts you at the mercy of availability of the trading pair on that exchange.When trading large amounts, a fixed price is still guaranteed, making the transaction more cost-effective for the user. No Size Too Big: With Binance Convert, orders of all sizes are supported with no cap.With Binance Convert, the system offers users a sophisticated liquidity provision to secure the asset rates provided in the quote, minimizing market impact and swapping instantaneously. By the time the transaction of that size goes through, the price of BTC has potentially dropped and the price of ETH has potentially gone up. An example of this is a user who tries to sell 100 BTC to pick up ETH. Sophisticated Liquidity Provision: When a user places a large order, there is the potential for market impact which in turn can move the price up or down immediately.Zero Fees: Anyone who uses Binance Convert will be able to swap their holdings with zero fees charged to them whereas a trade will incur a fee.So why consider converting over spot trading? After the conversion is enacted, the new holding will appear in the user's spot wallet. By selecting the asset they wish to convert into, a quote is produced, lasting for only a short window as it must reflect the live market price. It also allows for crypto to crypto conversion. Binance Convert is a user-friendly feature that essentially creates a seamless on/off ramp for users looking to convert their crypto holdings. Posted to the Binance Blog on June 14th, Binance revealed that a cheaper alternative to spot trading is available on its platform. This is the floating profit/loss of the grid trade caused by the rise or fall in the market price of the base currency.Binance Convert is a user-friendly feature that allows users to convert their crypto holdings into other crypto or even fiat. Float Profit: The latest price of the base currency in the current trading pair is the base currency's average buy price.The trading fees incurred during the strategy are already deducted in the Grid Profit. Grid Profit: The realized profit of filled grid orders that are matched by one buy-order and one sell-order.Total Profit: Grid Profit + Unrealized P&L.The price ratio of each grid of Geometric is: Ratio = (Upper Price / Lower Price) ^ (1/n)*100% n= the number of grids. ![]() The price difference of each grid of Arithmetic is: Spread = (Upper Price - Lower Price) / Number of grids.Grids: Divide the interval upper limit price and interval lower limit price into corresponding shares.The system will no longer execute orders after the market price is higher than the Upper Price. Upper Price: Top of the grid trading price range.The system will no longer execute orders after the market price is lower than the Lower Price. ![]()
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