Sidepit is a new kind of electronic exchange paradigm shift - a patented consensus auction mechanism recreating the Chicago trading pits to level the playing field while providing better pricing and stable execution.
All orders go into an executable pool, and an auction then takes place to order the transactions. Everyone bids based on the value of their order - to them. This happens once every second, so there’s a huge amount of time as compared to regular high frequency exchange (which runs at 1000-10000x times faster). Market orders get paid to trade, democratizing your order flow. Buyers compete with each other for your order.
High frequency traders cannot participate, which makes all orders real and attracts more liquidity, which leads to better pricing. Now, you can get your fill safely, at a better price, while avoiding high OTC fees, fragmented exchange order books, and flash crashes.
We are bootstrapping by with and for the sidepit OG community. Which is you guys!
We can show you the way. Can you see the light??