₦airaland Forum

SUPERPACK:
Slippage is the difference between the expected price of a trade and the executed price of that trade. Slippage is as a result of volatility, and big crypto news. Now on centralised exchanges like Binance you can place a market order for a coin, now this market order are normally placed with max slippage. This simply means your order will be filled whether the price of the coin goes up by 1000% or dumps by 99% when your trade is open.

The opposite of this max slippage on centralised exchanges is limit sells and buy order, you are telling them that you want to buy at this price and it must be it, this is a zero slippage trade, no price swings.

On decentralised exchanges same slippage rules apply, and by default is 1%, meaning your order will still be executed if the price goes up by 1% or down by 1% while your trade is on. The person you asked said use 17%, this simply means I will like the exchange to go on with this order whether the price goes up by 17% or dumps by 17%. So slippage is the percentage difference in the price of goods you want to purchase from time of placing the order to when the order is filled completely.

In real life trade, You went to a shop to buy a bottle of coke, and you asked whats the price and was told it is #100. You gave the sells girl #100 for a bottle of coke and while she is still searching for it in the fridge her Madam called her that coke is now #120.
She will tell you that coke is now #120 and you brought out #20 to complete the money, you just did a trade with 20% slippage, you bought 20% higher than the price as at when you came in. It will be a negative slippage of 20% if her madam told her coke is now #80 and she gave you a #20 change.

Now what if after giving her #100 and after the call she said price is #120 and you said ''Give me back my money let me go and buy from mama Emeka''? It means your slippage tolerance is 0%, i must buy at #100 and you will be like ''how dare you change the price in my presence you thief''.

In both real life trade instances trade started at #100 and was completed at #120, 20% positive slippage. In the second scenario trade started at #100 and completed at #80, a negative slippage of 20%.

It has nothing to do with transaction charge but rather price at which a trade is executed.

Hope I have been able to teach you what slippage rate/tolerance means? Hand don dey pain me.

Ibeme:
I hope pi launches a product and actually blows up so Nigerians can cash out. Nigerians must be their largest demographic

Born2Freak:
Red Notice. 5.5/10

I just noticed something. Rick and Morty show was right. Heist movies are all the same- twist, double-cross and triple-cross.

Furthermore, Army of thieves is trash.

jedisco:
You've said this on multiple occasions... Lemme ask...why do you think this is the case?
What makes ecash different from hundreds of others?

Osirawboy:
My problem with it is ,that earth style seems to advanced as it covered the entire Arena for a Genin to be able to do it.

I miss the good old day where Ninjas train for months to year to learn a jutsu now even it take days.

abduleez1:
Why dem no go remove am. No be Disney.

I'm actually shocked they removed it for a region like Naija. How much fvvking money we even add to their overall box office.

I guess profitability is the only option these days.

MapleBae2020:
Has anyone noticed CWAR on Kucoin? It's done 4000‰ already, I a 24hr period I think. Didn't t see any graph. Is it a good idea to jump in at this time?

elmuba:
Ahhhhhh

I still get coin inside sef...
I'm scared to move them

Rubby1:
DieRich, How far, !
How we go take buy this coin call Draco Force!
Is not yet on Binance any major exchangers!


I need the coin even if nah just 1 like mad!! I wan use am do something!! E dey my watchlist long enough!

I love the coin and the is ftm ecosystem!!

elmuba:
I've tried contacting them but they aren't responding....

and the transaction didn't even show successful

Tolu181:
naso i aped on kishu and blok

The way my money dip eh

Hightowa:
Cmc

Chibudollar:
oh sorry bro, I have had for a very long time in my laptop, just decided to watch again forgotten where I downloaded it from

drverified:
HODL

Hightowa:
Is it this GM?

Ibime:
Poocoin is the best for checking liquidity but dex.guru is cleaner

donforeign:
e no mke sense abeg..
be like small pikin movie

omoowhe:
Please where did you download Escape from Mogadishu

Chibudollar:
Just decided to watch The wolf of Wall Street again, Leo DiCaprio gave a 10/10 performance no cap, might just be his best performance ever

Ibime:
Na magic?

If anyone knew coins that will 2x every 2 days, they will be a billionaire in no time by compounding

Alexis11:
Till when na?

I will leave it till Monday sha.

Alexis11:
Guys is it still safe to hodl this BLOK??

My portfolio is bleeding.

Ibime:
Wanaka, not Wakanda