All who had already registered in TOKPIE's MVP (Alpha 1.0), please be informed that your accounts' statuses had been upgraded to enterprise level!
👉Now you can fill your profiles with any data and test our matching engine by placing orders to buy/sell.
Look at the short video instruction:
https://medium.com/@TokPie/how-tokpie-auctions-work-560096a3976c
A good video, really everything is simple and understandable. Tell me, will the video be made where it is shown how someone's bet is accepted. How to make your own is completely understandable.
Yes, but you can easily test it.
It is just the same process as shown in the video (link above). The only difference is that you shall enter the price of the counter-order that you wish to be matched.
note: the matching engine will not allow you to submit trading order if its price is higher/lower than the price of a *best order to sell/buy currently available on a particular Order Book.
* best means the lowest price for a trading order to sell and the highest price for a trading order to buy.
It might sound quite complex but it is just a standard rule that u can see in any exchange)
Now in the test mode, yes. Later we will place the MRKT button to allow traders automatically enter the best price of a counterparty to match (or call it as current market price).
Finally, the whole functionality will be almost the same as on ordinary centralized exchanges. As it also was stated in our WP the aim or TOKPIE is to take the best from competitors, avoid their drawbacks and deliver additional value to our users: like ZERO fees for most of them, ZERO risks of losing fiat, etc.