European crypto exchange WhiteBIT has already established itself as a platform that aims to satisfy all the needs of its community. One of the steps in this direction was the introduction of a cryptocurrency trading instrument called Decimal Token (DECL) in spring of 2021.
What is Decimal Token?
Decimal Token is a trading tool that allows users to trade digital currencies with a price of more than 8 decimals. As an intermediate asset, DECL is designed to enable users to buy and sell tokens with a price below 0.00000001 USDT.
At the time of its creation, DECL was a unique off-chain token with a fixed price of 0.0001 USDT. A stable price is possible due to the liquidity provided by WhiteBIT.
What was Decimal Token created for?
Centralized exchanges (CEXs) have a feature that only a few people know about: a limit of the number of decimal characters. It is very difficult to change this parameter.
For example, on WhiteBIT, the limit for the supported assets is up to 8 decimals. This sets the lowest allowed trading value of a cryptocurrency at 0.00000001 USDT and makes it impossible to trade tokens with more than 8 decimals.
With a simple and at the same time effective solution in the form of Decimal Token, the WhiteBIT team satisfied the needs of both small-price token communities that wanted to list their products on the exchange, and users who want to have access to any cryptocurrencies without restrictions.
How to use DECL for trading on WhiteBIT?
Decimal Token plays the role of an intermediate asset for buying and selling coins at a price below the allowed one. Thus, the presence of a trading pair with DECL allows you to conduct transactions on any asset with a price of up to 12 decimals in USDT equivalent.
At the same time, the WhiteBIT cryptocurrency exchange team is trying to create the best way to buy crypto using DECL. In particular, there are no trading fees for the DECL/USDT trading pair.
It is very easy to use DECL to trade coins on WhiteBIT:
– buy or deposit USDT;
– get DECL by trading in the USDT/DECL pair or using the Quick Exchange service;
– find the desired trading pair and buy the selected asset for Decimal Token;
– sell the token for DECL and use the DECL/USDT pair to get USDT on crypto wallets.
As it was mentioned above, by default, cryptocurrency trading is limited by the technical capabilities of centralized exchanges in terms of the price of an asset. DECL token allows to bypass this unpleasant limitation in a few simple steps and significantly expands the opportunities for a trader.
By purchasing DECL and using it wisely, a trader gets more chances of profiting from a significant increase in the price of assets that were initially very cheap. And we all know that such situations are not uncommon in the world of cryptocurrency.
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