Alt.town
English
English
  • Introduction
    • Alt.town
    • Alt
  • Alt.town Service
    • DNA
      • DNA Structure
    • Town(Trading)
      • Pre-sale
      • On-chain Based Trading
    • Wallet
  • assets
    • Tokenomics
    • KEY
    • Mile
    • $TOWN
  • Roadmap
    • Roadmap
    • Partners
  • USER GUIDE
    • PWA Installation
    • Sign-up and Sign-in
    • App Structure
    • DNA Trading
      • Trading Method
      • Pre-sale
      • Order-book
      • Order Rejection and Cancellation
      • Open Order
    • Swap
    • Mile Management
      • Convert
      • Reward Tab
  • FAQ
    • Frequently Asked Questions
  • SERVICE LINK
    • Alt.town
    • Alt.town X
    • Alt.town Discord
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On this page
  • Trading Method
  • Execution Method
  • Trading Fee/Transaction Fee
  • Order Price Unit
  1. USER GUIDE
  2. DNA Trading

Trading Method

Trading Method

Based on Daily Trading Data

Alt.town calculates daily data based on UTC.

  • Trading Volume : Cumulative DNA trading volume based on UTC+0

  • Price Change Rate : Current price fluctuation rate compared to the UTC+0 price

  • Daily Candlestick Chart : Open/High/Low/Close prices during the 24-hour period (or up to the current time) starting from 00:00 UTC


Execution Method

Orders submitted by users are executed according to the following priority based on the submitted order price and time.

Price Priority > Time Priority

  • Price Priority Principle

    • When selling, lower-priced orders are prioritized; when buying, higher-priced orders are prioritized.

    • When multiple people submit buy/sell orders, the sell order with the lowest price and the buy order with the highest price are executed.

  • Time Priority Principle

    • When there are multiple buy/sell orders at the same price, orders are executed in the order they were submitted.


Trading Fee/Transaction Fee

1%

  • Display Standard : Fees are displayed as integers, with any decimal points truncated. The display standard is for informational purposes only; actual transaction records and balances are recorded up to 8 decimal places in the system.

  • Calculation Method : Transaction amount x Trading Fee/Transaction Fee Rate

    • Transaction amount = Order Quantity x Order Price

  • Settlement Method

    • For Buy Orders, Settlement Amount = Transaction Amount + Trading Fee/Transaction Fee

    • For Sell Orders, Settlement Amount = Transaction Amount - Trading Fee/Transaction Fee

  • Gas Fee : We will cover all gas fees used for DNA transactions.

🌟 Trading fees/Transaction fees may vary depending on events.

🌟 During the pre-sale period, you can purchase DNA without any fees.


Order Price Unit

  • Below 100 KEY: 1 KEY unit

  • 100 KEY ~ 1000 KEY: 10 KEY unit

  • 1000 KEY ~ 10000 KEY: 50 KEY unit

  • 10000 KEY and above: 100 KEY unit

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Last updated 2 days ago

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