Name: Kromatika
Rating: 5.0 (3 reviews)

KROMATIKA DEX TRADE Next generation DEX crypto trading: NO Swap Fees NO Front-Running Bots NO Price Slippage

WHY KROMatika When doing swaps on Uniswap V3, the user pays what is called a swap fee that is: 0.05%, 0.3%, or 1%. When placing trades on KROMatika, the user does not pay a swap fee, but pays a service fee instead. The swap fee depends on the amount being swapped, whereas the service fee is FIXED. The actual service fee is paid in ETH since this is the real cost of the processing services (gas fee), however, the users always pay with KROM tokens. KROM token allows for huge savings on the service fee, close to having a ZERO service fees. Early KROM token holders would have HUGE savings on service fees because they would be buying the token cheap and pay the service fee (which is fixed ETH) when its token price has increased. WANT TO CONTRIBUTE Join the contribution channel on Discord and contribute to the development effort, marketing, support, etc. Kromatika is a Community driven project and everyone is welcome to contribute.

Kromatika DEX introduces limit orders in a decentralized trading environment with no orderbook. Not just that, but it is optimizes in-depth to save you tons on fees such as order fees, transaction fees etc. Super useful for large volume traders and also very convenient for those with smaller budgets.

This doesn't bode well but um, you've confused the gas cost involved in any ethereum transaction and the fee charged by Uniswap on trades, it seems. Are you proposing that your product will give a rebate to the Uniswap fee to users, and only pay the gas, which I assume through meta-transactions. However, there's the other matter that involves, if you use a MEV-based solution, the "bribe" sent to the miner, which isn't going to be in KROM. If you use a limit order type solution, the swap may not be completed and hence, one does not lose from front-running or slippage but instead would suffer from having the tx reverted, which still costs gas. If that's the solution, who is paying for the tx that doesn't get completed? Part of the confusion I think comes from the language. The ecosystem has fairly standardized terms for the costs involved in making swaps, MEV or otherwise. If you can clarify who pays for what part of the transaction through your service and what benefit it can provide over similar services that does not use a specific utility token (Cowswap, ArcherDao, MistX to name a few) but can also use MEV or issue limit orders. Thanks!

@jim_zhou Thank you for your questions. Let us clarify the, Kromatika solves the problem of paying big SWAP fees for bigger swap amounts, when swapping on Uniswap... it does not reduce gas cost fees we all pay when interacting with the Ethereum network... Kromatika solution does not USE Uniswap swaps at all, it smartly uses the concentrated liquidity feature of Uniswapv3 to simulate a swap. Because of not using the swap feature of Uniswap, Kromatika protocol does NOT charge swap fees and prevents PRICE Slipage. However, users still need to pay a fixed service fee on the Kromatika protocol (in KROM tokens) and this fee is used to compensate the bots later on for their closing of the limit orders. Kromatika uses Chainlink Keepers, a decentralized network of bots... that closes the limit orders at the right time... So in simple terms: 1. Users are placing limit orders on Kromatika. 2. Users adds KROM tokens funds in Kromatika protocol to cover for the fixed service fee. The service fee is calculated per limit order, so it scales up with more limit orders. 3. Chainlink keepers bots are processing user's limit orders.. Bots are paying ETH gas fee, receiving KROM as an incentive, according to the ETH-KROM currect market price + 20% more KROM as bot fee. 4. The KROM , the Keepers receives in 3) are deducted from user's balance that they need to have funded in Kromatika previously in 2). If they didn't have enough KROM's all their limit order would not have been picked up by the bots in 3) because their Kromatika account was underfunded with KROMs at that time. Hope it clarifies your questions. Regards

Kromatika

Next generation DEX crypto trading

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