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Exchange
Build your borderless economy

Overview

Every token created on Unit Network is able to open its own exchange pool to allow buying and selling of the token. This helps to build an economy around a token by allowing a community to set a market price based on whether they believe a token is overvalued and worth selling, or undervalued and worth buying.

Opening an exchange

Once a token has been created via the 'Create' tab, the creator can chose to open the exchange by navigating to the 'Exchange' tab setting an opening price.
Opening the exchange pool is not a requirement. Based on the token utility the exchange feature may not be required.
staking a chosen amount of the respective token and chosen amount of USDU, the primary stable token of Unit Network.
This exchange protocol is called an AMM (Automated Market Maker) and is akin to other decentralised exchanges (DEXs) like Uniswap, Bancor, SushiSwap, PankcakeSwap etc.
An important feature of AMM's is that it allows projects / tokens that may initially have low liquidity to create a market that sets a price for the token and facilitates buying and selling, and of course offers an alternative to centralised order-book exchanges. While the process of using these decentralised exchanges is relatively simple there is some complex logic which underpins the AMM protocol and we encourage all users to take some time to understand how they work to ensure they are making considered trades. A final note is that ALL exchange pools on Unit Network have a USDU pairing: BTCU / USDU ETHU / USDU VILLAGE / USDU MUSIC / USDU Etc... It is NOT possible to create an exchange pool against other tokens: ETHU / BTCU DOT / VILLAGE SOLU / ADAU Etc...‍ ​
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Overview
Opening an exchange