📈Trading
Last updated
Last updated
Peer-to-Peer Site: https://famousfoxes.com/tokenmarket
The price of $YGN will be determined by free market trading, not by Yuugen team. We will be monitoring the performance of $YGN to ensure it is a demand-driven token. How does that work?
We will not be adding a Liquidity Pool to pre-determine the price of $YGN. Instead, we will be focusing on the development of $YGN utility in order to increase the demand of $YGN. In doing so, we anticipate that the price of $YGN will be naturally determined by free market trading.
What Is an Order Book? The term order book refers to an electronic list of buy and sell orders for a specific token organized by price level. An order book lists the number of token being bid on or offered at each price point, or market depth. It also identifies the market participants behind the buy and sell orders, though some choose to remain anonymous. These lists help traders and also improve market transparency because they provide valuable trading information. Understanding Order Books Order books are used by almost every exchange to list the orders for different assets, in our case $YGN token. These orders can be both manual or electronic. Although they generally contain the same information, the set up may be slightly different depending on the source. Buy and sell information may appear on the top and bottom, or on the left and right side of the screen. An order book is dynamic, meaning it's constantly updated in real-time throughout the day. Orders that specify execution only at market open or market close are maintained separately. These are known as the “opening (order) book” and “closing (order) book” respectively.
There are typically three parts to an order book: buy orders, sell orders, and order history.
Buy orders contain buyer information including all the bids, the amount they wish to purchase.
Sell orders resemble buy orders, but instead include all the offers (or asking prices) or where people are willing to sell.
Market order histories show all the transactions that have taken place in the past.
