To use new financial systems in the crypto world, including decentralized exchanges (DEX), we need to be aware of what might happen to our assets while trading on these platforms. If you are also interested in using decentralized exchanges, you must have encountered the Price Impact. shetcoiner wants to talk about Saitama price impact too high in this article.
About Saitama
Saitama Currency is a project that has been launched with the aim of producing educational content and raising the level of financial literacy of investors who intend to operate in monetized markets. The project is defined by how money works and how individuals can use investment opportunities to increase profits and create wealth.
SAITAMA cryptocurrency (SAITAMA INU) is an ERC-20 based inflation token in the Ethereum network. An inflation token means that its value increases with each successive trade. Traders and ordinary people can use this currency in payments and trade with it. Saitama currency has an anti-whaling mechanism, that means no user and wallet can have more than a certain amount of total tokens.
Saitama Inu currency can be bought and sold in the following exchanges:
- BitMart
- UniSwap
- Shiba Swap
- Gate Exchange
- L Bank
Wallets that support Saitama
Due to the fact that this cryptocurrency has been launched base on Ethereum network, any wallet that supports this network can be used. Here are some of the best wallets for Saitama:
| Wallet | Type |
|
MetaMask Wallet |
Software |
|
Trust Wallet |
Software |
|
TREZOR Wallet |
Hardware |
|
Keepkey Wallet |
Hardware |
In the following, we will explain more about this project and get acquainted with this and we will know more about Saitama price impact too high.
What is Price impact?
In fact, Price Impact is the difference between the current market price and the price paid during a swap in a decentralized exchange. Price Impact generally occurs in DEX and is due to the way the DEXs work, which is related to automated marketers or AMMs. AMMs work by using mathematical formulas to determine the price of a token, and trading in them with smart contracts.
Equivalent (one-to-one) ratios are commonly used in the liquidity pools of decentralized exchanges. This causes the balance to be lost in the DEX pools by buying or selling a token, and DEX uses Price Impact to keep this balance. When you receive a “Price Impact Too High” error, it means that you will lose a large portion of your assets to complete the transaction.
Price Impact is an innovation developed by decentralized exchanges to counter the behavior of whales in the digital currency market. In the following we will tell you that how to fix price impact too high error, so stay with us to get more information.
How to fix Saitama price impact too high?
There are several solutions to solve this problem:
- To fix the “high price impact”, one practical way is to change the version.
- Another way to fix this error is to reduce the purchase volume and perform the desired transaction to the desired amount in several steps.
- The third method is to change the Slippage Tolerance, which can be a good solution to complete the transaction. Due to excessive price fluctuations and the prolongation of the process of registering a buy or sell transaction in decentralized exchanges, increasing the Slippage Tolerance helps to complete the transaction.
Conclusion
In this article on shetcoiner site we talked about Saitama price impact too high, and we also had a brief explanation about Saitama cryptocurrency to get more information about it. We hope you find this article useful. Share your opinions and experiences with us in the comments section below!
