Hello! 👋🏻 In this post, we will tell you about the importance of liquidity in the crypto market.
Due to the fact that cryptocurrencies are a decentralized system that is gradually moving to decentralized exchanges, which are becoming more popular, they need liquidity pools.
That is because the decentralized exchanges do not have their own market makers, unlike centralized ones, which can execute any purchase and sale order.
Therefore, to increase liquidity, platforms use pools. Liquidity is the property of a product to be sold at a price close to the market price in the shortest possible time.
Liquidity pools help young platforms to increase the number of orders with a token, and those users who hold tokens in liquidity pools are given a certain percentage by the platforms.
✅ Using the liquidity pool on the Totem platform, you help the project execute more orders on the exchange, and you yourself receive a percentage of transactions for storing tokens in the TOTL liquidity protocol.
📢 Learn more about the project on our website:
https://totprotocol.com