welcome to our channel and in this video we're gonna go over a decentralized exchange that is
running on a layer one blockchain that is making a lot of abuts in the industry
also please do note that i'm not a financial advisor this video is for educational and
informational purposes only and also do not invest money that you cannot afford to lose
and always do your own research all right let's go ahead and get started
all right guys the decentralized exchange that we're going to cover today is the waves
exchange so waves is a layer one blockchain that has made its name in the industry in the previous
bull run okay so it is a very fast and efficient blockchain that launched also this decentralized
exchange okay so what the a decentralized exchange is it's basically an exchange that doesn't require
any information from their customers like passports or id cards in order to identify
their customers in the platform to comply with local rules and regulations it's not the
this exchange doesn't comply with the regulations it's just that it's a different type of service
right it's decentralized everyone in the world regardless of where they are logging in
or where their jurisdiction in they can use this product right and that's the beauty of blockchain
that's the beauty of having a system that is truly decentralized and allow somebody that is in a very
remote part of the world and maybe doesn't even have documentation to have a wallet like metamask
or any a coinbase wallet and log in into this decentralized exchange and start placing trades
so this is one of the products that i really really like because it gives the opportunity
to people to actually use this product and truly understand and truly experience the blockchain and
the decentralization that we are currently seeing all across the world and of course like because
we learn crypto and we understand this but a lot of people are starting to realize how beautiful
these products and services are so first of all let's talk about what they call waves
exchange investment products okay so if we click right here okay as you can see you have different
type of quote-unquote investments okay so what are they doing is that for example if you provide
right liquidity meaning you provide an asset that you own right in order for the exchange
to have the liquidity available for traders and people that want to place trade right you're gonna
get rewarded to that so there's different type of liquidity pools right for example we have the
waves neutrino which is the stable coin of the waves blockchain we have bitcoin and neutrino
and here's the apy that you can earn based on these different pools okay you can check them out
right here then they have what they call what they call lambo investments so what you do is that you
basically provide liquidity and you stake usdt and usdcs so they could be considered like more safe
type of approaches however do your own research because this is a decentralized exchange there is
no entity there's no individuals that have been doxxed so i will always always always recommend
to do your own research and please do understand that investing in crypto is risky and you cannot
invest more money than you can offer to lose right then we have the liquidity pool staking and also
the neutrino staking right because in order to trade on this decentralized exchange you need to
have stable coins in order to place trades against another asset right so very very important part
okay so now let's talk about the governance right here okay so the governance it's basically how the
entire ecosystem gets regulated and work in a democratic and a community based environment so
how does it work because there's no like central authority right it's not a centralized exchange
when a token needs to be listed what they do is that they make a proposal to the community as
you can see right here and then they are going to list those tokens based on the amount of yeses and
no that they receive in that quorum and in that basically it's like asking the community right
whether or not they want that token to be listed right so as you can see here this token tsunami
token has been voted by 62 of the community as a yes to be listed on the exchange and only 37
did not want this token to be listed of course it's a 50 50 type of vote which means that
if the majority of the votes are yes more than 50 they will list the token otherwise they will not
right so here they have the rules on how you can vote based on the amount of waves that you have
so as you can see right here you have all these tokens that some of them that have not been listed
because they didn't pass the vote right pretty simple on how you can participate and say
your own in this type of exchanges okay now how you can sign up for this right so it's very very
easy basically you can create an account via email or via the software that they will provide okay so
you are going to create an account right here you confirm the password and then you
will create your account and then that will be useful into your waves exchange or by email by
simply adding the email and creating the password and then you'll receive an email confirmation and
you will be able to sign up for the account okay so one thing that i really really like about this
exchange that they do have an app right because if you are a trader right and you want to be
on the go sometimes it's very inconvenient to sit on a laptop and place those trades right because
they do have their app you can actually place trades on the go and see your trades live and
it's definitely something that i personally use in other exchanges right they do have for ios they do
have it for android and it's a massive massive value for the purpose of an exchange okay so now
let's talk about the actual trading platform right the trading platform is where you
actually go in and place your trades okay so if you click here on trading you'll be able to
see here the exchange okay and as you can see right here on your left hand side this is what
is called order flow right you see all these numbers they're moving they're changing so fast
those are users they are placing trades on this specific pair right here so the pair we are
seeing right here is waves btc right so basically they trade the value of waves against btc the one
that you see right here in red what they call sell orders right so people are selling on that
specific price and then here in green those ones are buying orders meaning like people are buying
that asset at that specific price right here and then right here you have your own chart right
and over here you can basically analyze different time frames based on you know whether you want to
analyze hourly time frame right four hours time frame and the daily time frame weekly time frame
and monthly time frame as well right basically what this is right it's a concentration orders
buying orders and selling orders over a specified period of time right so as you can see right here
where we had this uptrend means it meant there were a lot of buying orders right so
demand was overcoming the supply and that's why the pricing was going up conversely on the other
hand as you can see when the price decreases right you had a concentration of selling orders right
and therefore the value of the asset was dropping so there's different like ways of how you can see
buying and selling orders this is the very basic one but there's more advanced views because in
reality if you see right a price going up like this you have to consider that for every share
right for every token that is sold there is someone on the other hand that has to buy
and for someone in order to buy there has to be someone on the other end they're selling right so
that's why you see the price going going going up and then the price goes down because the sellers
were actually in control in this area versus the buyers okay this is more advanced concept
but i just want to introduce you to that because i think it's very something to think about okay
then right here you have your area where you can place your buying orders and your sell orders okay
so and also you can place limit orders and market orders so the difference between those is that
limit orders are orders that they give you a price based on the liquidity that is present
at that given price zone okay so for example if you put here at zero zero zero two maybe you could
get zero zero two six four seven or even slightly higher because you need to get those orders filled
right instead when you place a market order means that the order gets instantly placed and therefore
you pay a little bit of a premium and also you pay a little bit more fees because the exchange
of course charges fees to have that right so what type of pairs do they offer and by pair i mean
what type of asset can you trade against another in this exchange okay you can trade waves right
you have if waves crv litecoin bitcoin cash so these are the pairs that are available right
here okay bitcoin you have waves bitcoins with bitcoin if bitcoin bitcoin cash litecoin bitcoin
then you have the neutrino pairs it's basically it's the stable coin of the waves blockchain so
you have a lot of choice right here and then you have usdt and then usdc and then
you also have bust dye and east right so they have decent amount of pairs right you know if you
buy neutrino and you trade against those pair you have quite a decent option of pairs okay one more
thing that i want to show you is their twitter right because it's something that you want to also
be close by making sure that you're connected to the community because you want to understand
what's going on with the entire ecosystem right so right here this is their twitter you can
follow them i just follow them and they have around 31 000 followers as you can see right
here they were promoting here the lambo giveaway right here they always update the community
for the governance news and different type of updates they are giving to the community okay
so make sure to always be on top of what they are communicating on their social medias because it's
very important to stay up to date with this type of thing especially when you hold money in those
exchanges okay so i hope you enjoyed this video also make sure to check all the links in the
descriptions below we always have some sweet deals going on and let me know what are you
thinking about this decentralized exchange and also please do understand that trading
is risky so manage your risk and do not invest more money than you cannot afford to lose all
right i hope you enjoyed this video let me know in the comments below and i'll see you in the next