What is the significance of the BTSDEX Bot release?

A clear solution for the illiquid DEX

DEX’s are notorious for lack of liquidity and volume, a major reason why their use has not been popularized. Autonio has solved this problem.

An unlimited number of bots can run on a single exchange. For example, one user with $50 can generate large amounts of volume all while creating profit for themselves. Hundreds of users with $50 investments can add millions of dollars in volume while producing profits. The benefit for the DEX, the user, and the community is immense.

The bot is capable of an enormous amount of transactions.

“300,000 trades per day for a single user on CEX, and 85,000 trade actions per day from an user on DEX. I think we can do up to 300 million executions per day soon, which is the Wall Street max by their largest hedge fund market maker.— Sam Ben, Co Founder and CTO

The transaction capacity clearly illustrates how a relatively small investment can generate such large amounts of volume.

The Bot currently trades certain pairs, with many more to be added in the future. This is important to keep in mind, the Bot is not accessible with every pairing.

“It will include 3 market making strategies that should provide high liquidity to DEXs on certain pairs. The bot has been efficient and profitable so far.” — Ali Raheman

Many decentralized exchanges list new coins/tokens for far less than their centralized counterparts, and some even list for free. Once more pairs are added, DEX’s can launch ICO’s with liquidity conducive to higher volume trading. This will greatly reduce volatility, especially for coins/tokens following an exchange listing.

This is a major turning point for the future of the DEX. With BTSDEX Bot the performance gap in terms of trading volume between DEX and Centralized Exchange is narrowed significantly.