Trading on PayRue DEX
What is PayRue DEX on Binance Smart Chain, is it any good, how does it work and what are the pros vs cons and opportunities? These are fair questions lets explore!
PayRue DEX is a decentralized exchange on Binance Smart Chain, a simple plain vanilla exchange.
However, what makes is it very good is how it’s setup
- All BNB gas fees are included in the commission fees, so this means traders don't need to pay any BNB gas when trading on PayRue DEX. So summary NO GAS FEES when trading on PayRue DEX.
- All Limit Orders, that is when a trader put in a buy or sell order are FREE of commission. So FREE trading on Limit Orders.
- Everyone pays commission on Market Orders, that is when you buy/sell at the best price. HOWEVER, holding PROPEL on your PayRue DEX Exchange Wallet can be reduced to 0.165% on Market Orders.
4. Central Order Book is great, this allows traders to trade and view liquidity. and depth of the market.
How do you Connect with PayRue DEX?
What are the challenges?
- Liquidity is the single biggest challenge, PayRue DEX needs to rewards active traders who make limited orders to keep the order book active and liquid.
- Adding and find new interesting projects and tokens to the list.
- Find enough active users who are trading both Market and Limit orders.
Summary
PayRue DEX is a new decentralized exchange on BSC, it competes with AMM and other dex: es the advantage PayRue DEX is O gas fees, order books, and the discount that PROPEL offer. The challenge is adoptions, users, and traders.
