Orderbook Launch on Ref: Trading Competition with Orderly Network
Ref Finance Orderbook
The Orderbook allows you to trade using liquidity on Orderly Network’s exchange contracts, using a Central Limit Order Book (CLOB) like user interface.
Find the Orderbook under the Trade tab of the app.ref.finance:
Be sure to connect your Near Wallet on the top righthand side of the app
The Ref Finance orderbook functions as follows:
- Buy and Sell Orders: Traders can place buy and sell orders for any token listed on the platform.
- Order Matching: When a buy/sell order match in terms of price and quantity, a trade is executed automatically by the orderbook. The price of the trade is determined by the best available price on the orderbook.
- Orderbook Depth: The orderbook displays the depth of orders for each token pair, which is the total number of buy and sell orders at different price levels. Traders can use this information to assess the market sentiment and determine the best price at which to buy or sell a particular token.
- Orderbook Aggregation: The Ref Finance orderbook aggregates liquidity from various decentralized exchanges (DEXs) and liquidity pools, providing traders with access to a larger pool of liquidity and better price discovery.
In summary, the Ref Finance orderbook provides a transparent, efficient, and decentralized mechanism for matching buy and sell orders on the platform built on top of Orderly Network, leveraging partners to keep on growing liquidity in the Near ecosystem.
Whilst talking about traders, it is timely that we are launching a trading competition with Orderly Network to bring traders to trade on the orderbook and have them compensated for their activities.
Trading Competition Details
Campaign Period: 30 March 2023, 13:00 UTC — 15 April 2023, 00:00 UTC
How to participate:
First 25 users who make a trade on any trading pairs (min. USDC 100) on Ref Finance Orderbook during the campaign period will win a USD 100 bonus!
Top 10 users with the highest trading volume (any trading pairs) win a share of USD 7500 worth of REF. The campaign will be hosted on Ref Finance Orderbook.
Rewards (USD equivalent of $REF):
1st prize: USD 3000
2nd prize: USD 2000
3rd prize: USD 1000
4th & 5th: USD 500
6th — 10th: USD 100
Time to trade!
Terms and Conditions:
- The campaign starts on 30 March 2023, 13:00 UTC. The campaign ends on 15 April 2023, 00:00 UTC.
- Winners will be announced on Orderly Network’s official Twitter account 7 days after the campaign.
- To be qualified for the reward, winners must complete the tasks listed.
- Participants are not eligible to win more than one prize.
- By submitting an entry, participants agree to the contest terms and conditions.
- Winners will be selected by the Ref Finance and Orderly Network team.
- Winners will receive the prizes within 4 weeks upon completion of submission of the relevant information for the delivery process.
- The prize is non-negotiable, non-transferable and non-refundable.
- All personal information submitted is for the sole purpose of carrying out the contest (including delivery of the prize) and will be removed upon completion.
- Orderly Network reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and reason without prior notice. Please visit our official website https://orderly.network and Twitter https://twitter.com/OrderlyNetwork and be cautious of any fraud/phishing website.
- This is neither a recommendation for investment nor does it constitute an offer, solicitation, or recommendation of any product or service. We are not responsible for any profit and loss made by your investment decision.
Disclaimer: This Orderbook page is powered by Orderly Network, users are strongly encouraged to do their own research before connecting their wallet and/or placing any orders. Neither Ref Finance nor Orderly Network is responsible for any profit or loss of investment users made through this Orderbook page.