Cryptocurrency Q&A What does amm mean?

What does amm mean?

Claudio Claudio Wed Nov 20 2024 | 7 answers 1623
I came across the term 'amm' in a text I was reading, and I'm not sure what it means. I looked it up online, but I'm still confused about its definition and how it's used in context. Can someone explain what 'amm' stands for or means? What does amm mean?

7 answers

MichaelSmith MichaelSmith Fri Nov 22 2024
Automated market makers (AMMs) represent a unique class of decentralized exchanges (DEXs) in the cryptocurrency realm.

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Maria Maria Fri Nov 22 2024
They operate on the principle of algorithmic "money robots" which facilitate seamless trading for individual investors.

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TaekwondoMasterStrengthHonorGlory TaekwondoMasterStrengthHonorGlory Fri Nov 22 2024
These AMMs eliminate the need for traditional order books and human intermediaries.

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CryptoEmpireGuard CryptoEmpireGuard Thu Nov 21 2024
With AMMs, traders can buy and sell crypto assets directly through the automated system.

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Leonardo Leonardo Thu Nov 21 2024
This innovative approach offers greater convenience and accessibility to crypto trading.

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