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Rewarded Content Production/Trading Bots

PreviousDecentralized community serviceNextToken Curated Customer Service

Last updated 2 years ago

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Developers and traders are incentivized to produce and curate content inside the LX platform in a similar fashion to . Users can interact in the LX network to discuss crypto and stock markets and share trading tips on commodities. Content quality is proportionally rewarded by community up and down voting.

Trading Bots: An anonymous 0-fee exchange is an ideal environment for trading bots. LX fundamentally believes that in an unregulated market that works 24/7, the best path towards price stability is market-pegged assets and widespread use of trading algorithms that exhibit market inefficiencies. LX allows implementation of trading bots by developers who have the knowledge of how markets operate, as well as for traders who know how to code and want to get into programmatic cryptocurrency trading.

Examples of trading bots include, but are not limited to:

  • Market making bot that provides liquidity for any token-token trading pair.

  • Arbitrage with other decentralized exchanges to make sure LX users have the best price.

  • Media marker indicators.

  • Automated Fibonacci retracement.

Amongst the tools provided for bot writers is strategy backtesting and download of historical order book and trade data. Developers are able to use the LUX API to write DApps, trading bots, or anything related to LX and LUX. This programmatic content can be shared in a similar fashion to . In order to incentivize quality assurance of source code, developers are also rewarded for auditing other developer's code.

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