Tutorial: Maker Order

Maker Order

What is a Maker Order? [WIP]

📖 Definition

A Maker order is an order that does not execute instantly

A Maker order has no active Takers, therefore it "makes" its own order to be fulfilled at a later date

🤔 Condition

When a user places an order, if no one immediately agrees to the terms of the order, the order is considered a Maker order

🚶 Walkthrough

  1. There are no existing orders in the Algodex Orderbook that fulfill the user's criteria so they decide to "make" their own order
  2. The user submitted order is added to the Algodex Orderbook
  3. The order is now visible to other users of Algodex and fulfills when another user agrees to "take" the order
Related Concepts: Taker || Orderbook || Placing an Order