SingularX — a decentralized peer-to-peer exchange for SingularDTV intellectual property, built in Tokit.
Contents:
- Brief description of the SingularX
- How to trade on the Ethereum platform?
- How do I place an order?
- More information about dapp
Brief description of the SingularX
A revolutionary feature of SingularX is that all transaction fees, generated by the exchange, are included in the SNGX token. This means that anyone with a SNGX can withdraw the received income or keep it there.
The developers have been working on SingularX with the EtherDelta team from the very beginning. It is based on the smart contract of the EtherDelta decentralized exchange, which is quite reliable and safe.
How to trade on the Ethereum platform?
Once your address is up and the funds have been deposited in a single X smart contract, you are ready to trade. To do this, select SNGLS from the list of tokens on the left side of the screen. All tokens are listed in ETH terms. For example, a price of 0.01 SNGLS / ETH means that 1 SNGLS costs 0.01 ETH.
There are two types of orders in the Order Book widget:
- green;
- red.
Green Orders are those who are interested in purchasing SNGLS. Red orders are those looking to sell SNGLS. If you want to buy SNGLS, click on the red order in the Order Book widget and if you want to sell SNGLS, click on the green order in the Order Book widget. In Singular X, you can only compare one order per transaction.
How do I place an order?
Placing an order is not related to a transaction and, therefore, does not require a commission. There are two types of orders: a buy order and a sell order. Either can be selected by interacting with the New Order widget, which offers a tab that allows users to switch between buying or selling.
For example, a user wants to buy SNGLS:
| First field | This is the amount of SNGLS that the user wants to buy. |
| Second field | SNGLS / ETH price that users can customize to their liking. |
| Third field | Shown is the total amount of ETH that the user will spend. |
| Fourth field | Shows the number of Ethereum blocks until your order goes through the cycle before expiration. The default is 10,000 blocks (2 days). Users can customize this to their liking. |
After submitting your order, a confirmation notification will appear. The order should appear in the user's "Order Book" widget shortly. Singular X does not match orders, all orders will need to be manually selected from the Order Book widget. Any transaction, made on the Ethereum network, requires a so-called gas fee. Singular X provides its users with the option to lower or increase gas prices. The higher the gas price, the faster the transaction is processed.
More information about dapp
At the moment, there are no White Paper and RoadMap on the site. The developers provide only a section with answers to questions. If you want to stay up to date with all innovations, subscribe to the community on social networks. The smart contract has not been audited.