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creating-a-trading-market.md

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Creating a Trading Market

The denom fee is 25000 BZE

Market Coin

The base coin is the first currency listed in a trading pair and is the asset being traded. For example, in the trading pair VDL/BZE, VDL is the base coin. When you create a market or place an order, you are either buying or selling this base coin (VDL) against the quote coin.

Users can select the market coin by clicking the "+ Pick coin" button.

Quote Coin

The quote coin is the second currency listed in a trading pair and is used to price the base coin. For instance, in the trading pair VDL/BZE, BZE is the quote coin. The price of the base coin (VDL) is expressed in terms of the quote coin (BZE). In other words, it shows how much of the quote coin is needed to purchase one unit of the base coin.

Fee Information

  • Create Denom Fee : A fee of 2500 BZE is required to create the market.

Action Buttons

  • Cancel : Cancels the process of creating a market.
  • Create : Initiates the creation of the market with the selected market and quote coins, upon payment of the 25000 BZE fee.

After selection of tokens and clicking create you will need to confirm a transaction in you wallet to complete the process.

As you can see we have created a Test DEX market : TVDL(market coin) and TBZE(Quota coin)

Here is a breakdown of the components:

Market Information

  • Last Price: The last traded price for TVDL in terms of TBZE
  • 30D Volume: The total amount to trades made in the last 30 days

Order Book

The order book lists the current buy and sell orders for TVDL:

  • Price (TBZE): The price at which users are willing to buy or sell TVDL in terms of TBZE.
  • Amount (TVDL): The amount of TVDL being traded at each price point.
  • Total (TBZE): The total amount of TBZE that will be exchanged for the specified amount of TVDL.

The buy orders are in GREEN and The sell orders are in RED

Time Period Buttons

Users can select different time periods (1H, 1D, 7D, 30D) to view the price trend over those intervals.

Trade History

  • Price (TBZE): Shows the price at which trades were executed.
  • Amount (TVDL): Shows the amount of TVDL traded at each price point.

Buy Section

This section allows users to place buy orders for TVDL using TBZE.

  • Balance: Displays the user's available balance in TBZE .
  • Price: Field to enter the price at which the user wants to buy TVDL.
  • Amount: Field to enter the amount of TVDL the user wants to buy.
  • Total: Displays the total amount of TBZE required to complete the buy order.
  • Buy Button: Clicking this button will place the buy order.

My Orders

This section lists the user's open orders. Currently, no orders are found.

This interface provides users with the ability to view recent trade history, place buy orders, and keep track of their open orders on the DEX for the TVDL/TBZE trading pair.