Sphynx Labs
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Utilities
Tokenomics
Limit / Stop Loss Orders
Integrated using Chain Link Smart Contracts
Sphynx Labs gives traders in the DeFi space an extra edge by allowing them to apply Limit and Stop loss orders on all BEP20 and ERC20 tokens through the Sphynx Labs dAPP.
What is limit order?
A limit order is a type of exchange order that allows traders to purchase or sell a cryptocurrency at a specified price or better. According to Investopedia, “A limit order will only be executed at the limit price, or a lower one; when selling, the order will be executed only at the limit price or a higher one.
What is the fee of Limit Order?
Fees for the ETH: 0.02 ETH or 100 Sphynx ETH tokens
Fees for the BSC: 0.01 BNB or 100 Sphynx BSC tokens
Orders expire after 30 days if they are not met.
Follow the instructions below on how to place limit orders.
How could I create the limit order?
Limit orders are placed within the Sphynx Labs dAPP application at www.thesphynx.co
Select tokens you want to sell & buy, and amount.
For example, if you want to sell 1WBNB and buy 25000 SPHYNX with it.
The order is executed when 1WBNB can be swapped more than your order amount automatically. And the swapped amount is sent to your wallet. To create an order, you need to approve a limit order contract to send your assets, then create an order.
For any questions feel free to join our support or main Telegram channel
Last modified 1mo ago