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What are dApps?

 Decentralised applications (dApps) are just like other computer applications - the difference being that their code is written in a smart contract. This means that all of the data and logic to run the application lives on the blockchain, while with a normal computer application, it lives on a centralised server. For this reason, no one is really the ‘owner’ of the application or the data of the application once it is installed on the blockchain, therefore it is unlike any other application that can be purchased from the app store or downloaded from the Internet.  

Decentralised applications are permissionless (anyone can run them and interact with the smart contract without going through a central gateway) and permanent (they will exist as long as the blockchain exists).



BIDS

The bid price is the highest price that a particular buyer is willing to pay for a specific product or service. In the context of financial/crypto markets, it is the value buyers offer for an asset, such as a commodity, security or cryptocurrency.

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ASKS

The asking price is the minimum price that an individual would be willing to sell their asset, or the minimum amount that they want to receive in return for the unit(s) they are parting with.

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MY OPEN ORDERS

Here you can see all of your open orders. To cancel an open order, just click the ‘X’ symbol next to it.

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LIMIT ORDER

Limit order gives you the power to set a specific price at which you would like to buy or sell the desired amount of cryptocurrency.

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MARKET ORDER

A market order is an order type that enables you to buy or sell at the best available market price.

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STOP LOSS LIMIT

A Stop Loss Limit order is designed to limit your loss on a cryptocurrency position. A Stop Loss Limit order can be placed to buy or sell a specific cryptocurrency at your entered price (a limit order) once that cryptocurrency reaches a certain price.

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TAKE PROFIT LIMIT

A take profit limit order is an order put in place by traders to maximize their profits and protect their profits on positions. A take profit limit order allows you (a trader) to set your custom made Buy or Sell order. You have to set two prices - the Trigger Price and the buy/sell Price.

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