MCAP, Price, Percentages
Trade tokens according to your chosen values to create a flexible trading experience and a customized strategy based on your preferred values.
MCAP
The Market Cap of the token is defined by the amount of tokens times the price of the token, the following formula defines the price of the token...
where X is the token amount Y is the paired tokens $ value relative to its quantity in the pool and K is the price of the token.
The Market cap can be used for trading when the price is extremely small and the token supply is in billions or trillions effectively making the price of the token for example $0.0000003438 or 3.438 * 10 ^ -7 or if the token being traded has a total of for example 19,798,464 making price movements difficult to match against the price.
In this scenario it would be better to trade by knowing that the market cap is $1, 000, 000 mc as it will be easier to determine the price movement from this baseline value therefore making it easier to trade.
PRICE
Sometimes when the price is whole say $1 per token or $15 per token it could be easier to trade by the tokens price to set buy and sell orders. It really comes down to preference of the user which value to use for trading.
PERCENTAGES
To standardize the buying and selling the Chainpal bot make life even easier by allowing for trading by % increase of either, market cap or price of the token for limit orders and for strategy execution.
So for example if you want to buy a token at $1 and set a limit to sell at $2 you can just create an order with sell at 100% price increase.
Same can be done with MCAP so say its at $1m mc and you want to sell at $1.5m mc you can also add a sell order at 50% increase from the menu.
This logic can be applied for both buys, sells, limit orders and conditions.