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Important Update to Our P2P on-chain Decentralized Exchange (DEX) Trading Policy

By January 23, 2024March 26th, 2024Announcement, News, Update

We are pleased to announce an update to our trading policy on our decentralized exchange platform, designed to optimize your trading experience and maintain the efficiency of our platform.

New Minimum Trade Amounts:

• 100 CRKK
• 10 KDA

Effective immediately, these minimum trade amounts apply to all new BUY and SELL orders. However, it’s crucial to note that both minimums need to be met for an order to be valid. This means an order for 100 CRKK must also be equivalent to or more than 10 KDA, and vice versa, ensuring a balanced and fair trading environment.

Existing trades below these thresholds will continue as normal until they either expire or execute.

Why Are We Making This Change?

Our DEX has processed nearly a million trades, a milestone we’re incredibly proud of. However, we’ve noticed a large number of these trades are for insignificant amounts, which, while valued, can lead to inefficiencies within our trading platform. By implementing these minimums, we aim to reduce clutter and enhance the effectiveness of our order book, resulting in a more streamlined and robust trading experience for all our users.

We appreciate your understanding and cooperation as we implement this policy. Our team is dedicated to ensuring a seamless transition and will be available to assist with any queries or concerns you may have.

Thank you for your ongoing support. We are excited to continue this journey with you, shaping the future of Crankk.

Happy trading!