Rekt is a trading tool provider for decentralized exchanges (DEXes). The platform seeks to offer centralized exchange-level trading mechanisms such as Uniswap to its users. Through its application unREKT, the currency aims to enable traders to have a good trading experience with its automatic features. unREKT allows users to set their trading preferences into the tool. This feature seeks to facilitate user-added convenience, helping them save time and efficiently trade in a decentralized trading market.
The cryptocurrency and blockchain industry is rising as around 2% of the world’s total population uses cryptocurrency for trading. Despite its boom, cryptocurrency still has many shortcomings, and for that, crypto traders have to go through many issues. Furthermore, the cryptocurrency market is active 24 hours and has a significant volatility aspect. Due to that, traders have to research and study the market to procure no loss. The whitepaper of this network suggests that the Rekt team seeks to solve the issues of crypto traders through its tool, unREKT. Crypto users can implement these unREKT tools upon various DEXes to seek to enhance their trading experience.
The unREKT tool empowers crypto users by replacing the traditional entry and exit point. Due to that, users don’t have to seek entry and exit points for the crypto trade manually. Once the set criteria are met, users get notification about the transaction details. Moreover, the unREKT tool seeks to support a wide range of blockchain and DEXes with its scalability. Some of the features unREKT seeks to have are as follows:
REKT is the token of the platform. RKT is the ticker of the token. The application charges 5% transaction fees against every trade through unREKT. The collected fees go to the marketing and development of unREKT products.
