LIMIT ORDER EXAMPLE
What is Limit Order via STXN?
Smart Transactions can be used for trade orders that require arbitrary constraints. For instance, a SmarterContract contract like LimitOrder might prevent a slippage limit from being met, preventing a trade from being executed at a loss.
Benefits of STXN’s Limit Order?
Using Smart Transactions, a user can get direct control over their trades, ensuring they execute only when certain conditions are met. This can significantly reduce risks associated with price slippage and unfavorable market conditions. Additionally, users can set precise entry and exit points, maximizing potential profits while minimizing potential losses.