Dear Biconomy Project Parties,
Recently, we have noticed some issues in the market making activities of some teams. These issues have adversely affected the normal operation of the market and the trading experience of participants. We would like to share these concerns with you and discuss possible improvements.
The potential issues are as follows:
1. Lack of Continuous K-Lines: The current market-making activities have failed to form continuous K-lines, which may make it difficult for market participants to conduct technical analysis, thereby affecting trading volume and investor confidence.
2. Large Spread in the Order Book: The spread between buy and sell orders in the order book is significant, indicating a lack of liquidity. This not only increases trading costs but also potentially deters prospective traders.
3. Insufficient Liquidity: The market lacks sufficient liquidity, which may affect market activity and attractiveness. Adequate liquidity is crucial for ensuring a healthy market.
To ensure the healthy development of the market and provide a good trading environment, please adhere to our market-making requirements:
1. Average Daily Trading Volume: The average daily trading volume should exceed 20,000 USDT.
2. Spread: The spread of trading pairs should be maintained around 0.08%.
3. Depth: The order book depth should be at least 500 USDT and well-matched to the trading volume.
4. K-Lines: The 15-minute K-line should be continuous.
We highly value our cooperation with your company and hope to improve market liquidity and the trading experience through our joint efforts.
If these requirements are not met within two days, we will have to reevaluate our partnership.
Thank you for your attention to this matter. We can also recommend our official third-party market-making partners who better understand our requirements and can protect your assets from arbitrage.
Best regards,
Biconomy Team
07/07/2024