XPMarket Decentralized Exchange: A Coreum-based DEX Platform

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2022-12-19

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About XCORE/XRP (Coreum)

01

What is this page?

The xCORE token, a pioneering Option Token from the Coreum ecosystem, is designed to bridge and incentivize the SOLO and XRP communities. This innovative asset offers holders the unique opportunity to swap xCORE for CORE tokens at a specified strike price, provided the CORE token's market price remains above this threshold for a consecutive duration. By guaranteeing each xCORE token with an equivalent CORE token, the scheme ensures xCORE's intrinsic value, fostering a strong investment proposition. This mechanism not only strengthens community ties but also enhances the interoperability between XRPL and the Coreum Blockchain, making xCORE a compelling choice for traders on this DEX platform, keen on exploring new avenues within the dynamic Coreum landscape.

02

What is the difference between market and limit orders?

A market order executes immediately at the best available price in the order book. A limit order lets you set a specific price - your order will only execute when the market reaches that price. Market orders are faster but may have price slippage, while limit orders give you price control but may not fill immediately.

03

What is a trustline?

A trustline is a connection between your wallet and a token issuer on the XRP Ledger. It allows you to hold and trade that specific token. You must set a trustline before you can receive or trade any token (except XRP). Setting a trustline requires a small XRP reserve.

04

How do trading fees work?

Trading on the XRPL DEX requires only the standard XRP Ledger transaction fee (typically a fraction of a cent). XPMarket does not charge any additional trading fees. The transaction fee is paid to the network validators, not to XPMarket. Note that some wallet providers (like Xaman) may charge their own fees - please check your wallet's terms as XPMarket has no control over third-party wallet fees.

05

Is XPMarket safe to use?

All transactions on XPMarket are executed directly on the XRP Ledger blockchain. XPMarket does not have custody of any funds - we only provide a user-friendly interface to interact with the decentralized exchange. Always do your own research (DYOR) before interacting with any crypto assets. XPMarket does not provide investment advice and only verifies basic project information such as website and social media links.