Frequently Asked Questions
Traders can use smart contracts to automate trading strategies. For instance, a smart contract could be programmed to execute a buy or sell order when a certain price threshold is reached.
Traditional contracts are written in natural language and rely on intermediaries like lawyers or authorities to enforce them. Smart contracts, on the other hand, have their terms written in code. This code is stored on a blockchain.
Smart contracts power decentralized exchanges where users can trade cryptocurrencies directly with one another without the need for a centralized authority.
Smart contracts can be used to create and execute derivatives contracts based on predefined conditions.
Decentralized finance (DeFi) platforms often use smart contracts to facilitate lending and borrowing of cryptocurrencies.
Smart contracts can automate the settlement process, ensuring that once the conditions are met, the transaction is settled without delay.
Initial Coin Offerings (ICOs) and Security Token Offerings (STOs) often utilize smart contracts to distribute tokens to investors.
Smart contracts operate on a blockchain, which is a distributed ledger. This means that all parties involved can view the contract’s code and track its execution. Once a transaction is recorded on a blockchain, it is immutable, meaning it cannot be altered or tampered with.
Trust in intermediaries like banks or legal systems is not required, as the contract’s execution is automated and verifiable by all parties. This is especially valuable in scenarios where there is a lack of trust between the parties.
FWDX allows users to create individual markets and set the terms for their trades.
Swap amounts are fixed, and trades are not subject to any price slippage. What you see is what you get.
At least 50% of platform profits are converted into USDC and shared with token stakers as claimable rewards.
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