₦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.

Reggaemich:
sorry Boss

From my calculation is 350% increase

And not 400

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Guys
what's your take about Kucoin (KCS) token...

That koin keeps going up and down.....

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natosjahdi:
lol.. werey nie.. na ur uncle get pancake swap wey u go put 0.17% ahhh.. alaye its 17%

natosjahdi:
on that page u will see a "setting" sign click on it and manually set the slip rate to 17

nonut:
Keep adjusting it. But if you spend all your BNB, how are you gonna pay for transactions? It'd be wise to leave some for that.

Tolu181:
this is just a coin market cap Airdrop that ended a weeks ago

I just looked it up, e be like you wan scam person?

MJBOLT:

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