Introducing Algorder
Algorder is a decentralized OMS (Order Management System) build on Avalanche. Users are able to save orders with algorithmic conditions, and when those conditions are met orders will be sent to DEXs to be executed.
In the example above user is saving an order: “If AVAXUSDT is less than 12$, SWAP my 1000 PEFI to PNG”. Once the user saved this order, he/she can close the screen and leave the rest to Algorder. When the condition is met Algorder willsend this order to the chosen DEX.
User are able to create orders like:
- IF AVAX<12 , SWAP USDT to AVAX
- IF AVAX >20, SWAP AVAX to USDT
- IF ETH/AVAX < 150, SWAP PNG to USDT
- IF XYZ/USDT< 1.2$, SWAP AVAX to XYZ
So even before the initial listing, the user could save an order to buy XYZ, only if the price of a single XYZ is less than 1.2$. We believe that this will be a huge weapon for real users against bots on IDOs.
ABOUT ALGORDER
Algorder A brand new decentralized OMS with algorithm support build on Avlalanche
FULL INFO
https://medium.com/algorder/introducing-algorder-1daa58945b8f
