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Crypto Gemidzija
AUTOMATED MARKET MAKERS

1. РАЗЛИКА ПОМЕЃУ AMM И ORDER BOOK - КОЈ ТИП НА МЕНУВАЧНИЦИ ГО КОРИСТАТ ОВО МЕХАНИЗАМ

2. ДЕТАЛНО ОБЈАСНУВАЊЕ НА LIQUIDITY POOL И НАЧИНОТ НА УТВРДУВАЊЕ НА ЦЕНАТА НА ДОБРАТА КОИ СЕ ВО НЕГО

3. АРБИТРАЖА ЗА БАЛАНСИРАЊЕ НА ЦЕНИТЕ ПОМЕЃУ РАЗНИ МЕНУВАЧНИЦИ

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Category

📚
Learning
Transcript
00:00Good luck, crypto enthusiasts!
00:02It's been a long time ago to make a video.
00:04I'm sure it's not a clue.
00:06How is it?
00:08The material was prepared for 2 days.
00:10I was prepared for my trip in Macedonia,
00:12so I don't know how to make a video.
00:14How is it?
00:16It's been a long time ago.
00:18It's been a long time ago.
00:20It's been a long time ago.
00:22It's been a long time ago.
00:24This is one of the most important videos
00:26in our course for education.
00:28So you can understand how it works
00:30the software, the machinery,
00:32the mechanical mechanism
00:34that will be the cost,
00:36which will make a bill for the price.
00:40This is a long time ago.
00:42The fact that
00:44we have only two,
00:46some of the actual,
00:48one, or another,
00:50two types of mechanisms
00:52that create a bill for the price
00:54on the bill for the price.
00:56I don't know if it's Bitcoin, dollar or Tesla, but in the same way, the idea is the same, so that Automated Market Makers is a lot more sustainable for crypto.
01:07What is the difference?
01:09I'm going to talk about an automated creator of the market, so I'm going to use the AMM, so I'm going to use the AMM, so I'm going to cut it out,
01:25but the idea is that it is an automatic way to create a new order book.
01:34It's a standard technology, a normal technology, but it's a classic legend,
01:41where you have two countries, where you personally and personally,
01:45the people who are selling it on the way they sell it.
01:50So, what is the order book, how it works?
01:52The one that has the lowest price of the market and the lowest price of the market,
01:56it has the lowest chance to be fixed.
01:59So, if you look at this order book,
02:02it's like this one, and it's like this one, and it's like this one.
02:05It's like this one, and it's like this one.
02:07The price of the market.
02:12It's like the price is a lot of price.
02:14It's like the price is $1,000 and $1,000.
02:17It's like the price of the market.
02:19So, they're buying the first price out of the price
02:22So they're buying the prices for the price
02:27And the price to buy the price
02:30Basically, you should choose the price
02:32While you're having a price
02:36Or you should put a price
02:38Or you should price the order
02:42The piece is what you use
02:45the mechanism that you want is
02:47I just want to move, and if system is ready for a company,
02:54it'll have a coin, and lets you do a performance in the moment,
02:58you can actually do it automatically.
03:01So if you want to move our 35 cuenta,
03:04you're ready to move your bill,
03:06or your wallet you made.
03:10You have two crypto.
03:13For example, USD and Bitcoin, although it may be Ethereum against Litecoin.
03:17We have the same combination of things that are going to trade one another.
03:21But most importantly, 90% of the trade is USD against another another.
03:29Now, today we will talk about the second one.
03:32The first one is the standard and standard,
03:35which is how the price is manually,
03:38which is how the price is.
03:40And the other one is normal.
03:42The second one is the automated market maker.
03:51It's called the realisation of the price automatically
03:57with an algorithm in a pool.
03:59It's always been made in a pool,
04:02so it's based on two or three of them.
04:07So, they are the most useful for the decentralized market.
04:12They are the most useful for the decentralized market.
04:16They are the most useful for the exchange.
04:18They are the most useful for the regular market.
04:31and we will be able to change the country's right size
04:35so you can face one, then you can get the other side
04:39which means that you have the idea of the decentralization
04:43and therefore you will be able to make a central entity
04:47so you can make it directly to your novice
04:50and you will not have the opportunity to have a free source
04:53but you will be able to make a fair amount of work
04:59I will show you the example of Current Finance and Uniswap.
05:05But before we start with the idea, we will see that there is a situation where the algorithm controls this basin.
05:14How to control this basin, how to control this basin, how to control this basin, and how to control this basin, and how to control this basin.
05:21And then you will know how to control this basin, especially when it comes to the basin basin, and how to control this basin, and how to control this basin.
05:33So the algorithm will do it.
05:35This is a simple formula, which I will know how to control this basin.
05:41So the idea is that you have two coins, which you practically can use one for the other.
05:46So in the same pool, basin, you have a disbalance.
05:50So you have to put more than one, and you have to put more than one, which means that the algorithm should be able to do it in the same basin basin.
06:04So this is the idea of what we need to explain.
06:06How do we do that?
06:08There is an interesting example, which I can use, for example, to be able to explain.
06:12A toa e...
06:14...trgovec na kompiri.
06:16Sega nema da zememe Ethereum i Bitcoin, za da ne se zbunite mnogo.
06:22Jednostawno imate dva entiteta koji što trgoua po među sebe, iabolka i kompiri.
06:28Toa se praktično dva ta eentiteta koji što momentalno se naogeat vo ova među sebe naogeat vo ova među sebe naogeat i se naogeat vo taka rečeno neli ova e trgovec.
06:36Koji što doa i da zameni, na primer, iabolka za kompiri od drug trgovec.
06:40E sega, ideata je ovdeka.
06:42Imame 50.000 kompiri i 50.000 iabolka koji što momentalno se naogeat, tako rečeno, vo brodot.
06:54Ili, sega ovdeka dješko to malogeat ide odkade što go zema v ova kako prezentacija.
06:59Znači, veli, za toa što, neli, treba da imame oprilika i ideja kako izgleda eent liquidity pool, da rečeme vikade ka je ova volšebna lamba koja što momentalno vo sebe ki se održi i 50.000 kompiri i 50.000 iabolka.
07:12Iabolka, no neli, sega da ne preteruvame, ke nećeme daka set ovo je momentalno vo brodot na trgovec.
07:17I sega, na primer, da vidime što ga se sluchiva koga nekoj ke saka da mu dade poveće kompiri, za da zeme iabolka od ovoj brod, kade što se naogeat ovije dva unit, tako, ovije dve valuti.
07:27Odnosno, za da je postavime ova zadacija, da rečeme daka ovo je liquidity pool, ili ovo je brod, tako rečeno, sodrži 50.000 kompiri i 50.000 iabolka.
07:37Tako, ravenkata po koja što funkcionira ovaj constant product automated market maker,
07:43znači ova je, tako rečeno, ravenkata po koja što funkcionira, načinot na koji što se realizira cenata.
07:48E, pomnoženi, eden pod drug, brojot na unity koji što se naogeat vo ovoj brod,
07:54i toa vi dala, tako rečeno, konstanta, toa je 2,5 miliardi, koja što moram da je zapazime.
08:01Znači, vo bilo koje vreme, pomnoženata brojka na jednoto i na drugoto dobro
08:06treba da ni dade 2,5 miliardi.
08:08Znači, toa je prvata rabota koja što treba da znaeme.
08:10A druhata rabota koja što treba da znaeme, je daka na početokot,
08:13zato što dvete dobro koja što se naogeat vo brodat se so jednakva količina,
08:18znači jedni od i drugi od, tako rečeno, se neli po 50.000,
08:21treba da znaeme daka praktično i jedni od i drugi od se po 50.000 dolari.
08:26Znači, jedan unit, jedan kompir košta 1 dolar,
08:29ili jedno iabolko košta 1 dolar.
08:31Znači, toa je osnovata koja što treba da znaeme.
08:34Znači, vo brodat imam 100.000 uniti, 50.000 kompiri, 50.000 iabolka,
08:40sjeko od niv košta po 1 dolar, a po množeni i jedan po drug.
08:44Znači, toa je ona vrednost na konstantata na Automated Market Maker, AMM,
08:48je 2.500.000.000.
08:50Znači, toa se osnovnite rabote koja što mora da njih zapamtim.
08:52E sega, ideata je daka, u bilo koji moment koja ki imam disbalans na ova,
08:57kje se pomestovat cenite vo jedna ili v druga nasoka,
08:59toa će go objasnime sledno,
09:00no pred da proložime tamo,
09:02znači, kade se koristat likviditipullovite?
09:04Likviditipullovite se, tako rečeno,
09:07mesto so golema količina na kojini
09:10od jedniot i od drugiot,
09:11da rečem, v ova situacija, bitcoini i eterium,
09:13koji što sa algoritam,
09:15rekovme, se odredova nivna cena
09:17i količinata na jedno i na drugo to dobro
09:19во samiot likviditipull.
09:20So toa što Lugioто го koristat ovo likviditipull za razmena,
09:23znači, koga imate potreba da razmenite bitcoini v eterium,
09:25a ne sekate toa da go pravite na
09:27centralizirane na minuvacitita,
09:29toa vo bilo koje vremen možete da go napravite
09:31vo ovakav tip na likviditipull,
09:33kade što Lugioто koji što gi deponira na ovie sredstva,
09:35dopivaat fee, se razbirame.
09:37Znači, da rečeme, deka ovo momentalno se
09:39случiva na Curve Finance.
09:41Znači, Curve Finance ima jedan kub pullo,
09:43ovdeka gotvore še še še da vidite.
09:45Znači, ovdeka imate najdraši pullove kade što
09:473, nekada ima 2 valuti,
09:49ideata je daka vo ovoj pull možete da zamenuvate
09:51jedna sa druga valuta,
09:53so toa što najčesto vo Curve Finance
09:55valutite koje se zamenuvat se stable koini.
09:57Znači, što Curve Finance pretежno
09:59i se zanimava so stable koini,
10:01ideata je daka vo bilo koje vremen možete da zamenuvate
10:03jedan vo drug stable koini.
10:05Znači, i ne se tolku bitni momentalno
10:07i nema da ghi zemem ovdje vprevid,
10:09но Curve Finance, pak e
10:11likviditiprovider, se razbirame.
10:13Znači, kao i Uniswap koji što
10:15koristat ovaj likvidit za da ne mora da ima
10:17sobstveni pullove, se razbirame.
10:19Znači, toa takade što se posaimuva.
10:21Ema, na primer, kao izgledat likviditipullovita
10:23na Uniswap.
10:25Znači, Bitcoin vo Ethereum,
10:27USDC vo Ethereum, Frax vo USDC.
10:29Znači, imate najdraši maker
10:31vo Ethereum, Uniswap vo Ethereum.
10:33Ideata što je?
10:35Znači, oni je koji što momentalno
10:37posaimuvaat v ovakav tip na pull.
10:39Da rečeme, vo ovaa situacija, vije posaimuvate
10:41Uniswap i Ethereum.
10:43Stavate odreda na količira na Uniswap i Ethereum
10:45i vije, na toj način, pomagate vo pullot
10:47za da ima povekje likvidnost
10:49za loge-to da može da razmenuva.
10:51Vije dobivate fee.
10:53Odnosno fee-to koje što go naplate Uniswap
10:55za vije da napravite ovaa razmena.
10:57Sega zboruvame za čovjek koji što vrši razmena.
10:59Znači, za ovoj čovjek.
11:01Znači, ovoj čovjek doa nje i pravi razmena.
11:03Znači, da napravi, na primer, od 1 Bitcoin
11:05da go zameni vo, ne znam, 5 Ethereum
11:07Potrebno je da plati, da rečem 0,0001 Bitcoin
11:11Toj 0,0001 Bitcoin
11:13del od nje odi za toj što je ovozmogova ovaa usluha,
11:16bez razliqa da je krv, ili je uni, bilo koji od ovije.
11:20A del od nje odi za loge-to koji što deponiraat
11:24vo vakvite likvidacioni pulovi.
11:26Znači, jednostavno,
11:28vije можете da bidete
11:30provajder na likvidnost
11:32na mnogo platformi različni
11:33i dobivate odreden процent
11:35od sekoi fee
11:36vo toj pool
11:37za to što vije учestuvate vo likvidnost.
11:39Znači, no i vije i site oni i drugi
11:41koji što se dela od ova likvidnost.
11:42Znači, tako funkcionira.
11:44E sega da objasnime,
11:45zato što ova je mnogo bitno.
11:47Bez ovakav tip na bazeni,
11:49desentralizirani menovacici
11:51ne možete da postoja.
11:53Znači, jednostavno,
11:54nema da možete da se razmenujem,
11:55zato što desentralizirani menovacici
11:57praktiчно ne se sposobni da imaat
11:59svoj order book
12:00kade što vije личno davate
12:02naredbi, zato što u ovaa situacija
12:03veki će mora i da gi deponirate
12:05svojite sredstva.
12:06Za razliqa od toa,
12:07desentralizirani menovacici funkcioniraat
12:09obratno.
12:10Vije ne možete da gi deponirate
12:11vašite sredstva
12:12i koristite ovije bazeni
12:13kade što može
12:14avtomatski
12:15da gi zamenite
12:16vašite valuti.
12:17E sega se vrakame na toa
12:18kako funkcionira
12:19razmenata
12:20vo ovoj bazen.
12:21Znači,
12:22rekovme tako vo bazenot,
12:23ađe ve,
12:24volšebnata lampa,
12:25brod,
12:26kako sakate,
12:27nije imavem po 50.000 iabolka
12:28i 50.000 kompeni.
12:29Toa bese standardna ta работa
12:30koja što rekovme
12:31na početokot
12:32i sekolodnih koštaše
12:33po 1 dolar,
12:34a zaedno
12:35po množeni
12:36bea 2,5 miliardi
12:38iunit.
12:39Mislim 2,5 miliardi
12:40konstanta.
12:41Znači, toa je vrednost
12:42na koja što moramo
12:43da ja zapazime.
12:44E sega,
12:45nekoj doađe i saka vo ovoj pool
12:46da dodate 7 miliardi
12:47kompeni
12:48i pri toa
12:49da vidime koliko
12:50kje dobije nazad.
12:51Kako se presmetuva toa?
12:52Znači, koga vije
12:53kje dobijete 7 miliardi
12:54kompeni,
12:55praktično vije
12:56sega vo ovoj pool
12:57imate 57 miliardi
12:58kompeni.
12:59Što prvi algoritam od sega?
13:00Ovaa konstanta
13:01od 2,5 miliardi
13:02i ja deli
13:03so novata
13:04količina na kompeni
13:05vo bulo.
13:06I dobiva
13:07vrednost
13:08od 43,859
13:10koja koga
13:11te ondzememe
13:12od pravobitna
13:13состоjma od 50,000
13:14ni pokazua
13:15daka treba
13:16na ovoj čovjek
13:17da mu dademe 6,140
13:18iabolka
13:19nesedo.
13:20Zato što
13:21sige imame disbalans.
13:22Znači,
13:23vije imate
13:24pogoljena količina
13:25na kompeni
13:26a imate
13:28poinakva količina
13:29na iabolka
13:30po malo,
13:31no poinakva.
13:32Zato što
13:33sige ako ti ghi pomножime
13:34ovije 2
13:35повторno
13:36ke dobijeme 2,5 miliardi.
13:37Toa možete i da go
13:38provjerite.
13:39Znači,
13:40na toj начin se opredeliva
13:41kolko unity
13:42ke dobije čovjekot
13:43dokko go deponira
13:45od prvata
13:46količina.
13:47Znači,
13:48znači,
13:49praktično,
13:50ako ovo e Bitcoin i Ethereum
13:51,
13:52da rečeme
13:53baš
13:54ovoj moment,
13:55da rečeme
13:56nika se poista vredno.
13:57To je,
13:58nika,
13:59nauča fantaстиka,
14:00čisto radi primero.
14:01Znači,
14:02ako vije praktično ste
14:03vnile od prvii od iunit
14:04da rečeme nika ovo e Bitcoin,
14:057 miliardi,
14:06vije ki dobijete
14:076,140 Ethereum,
14:08zato što
14:09dispalans
14:10momentalno se pojavlava
14:11vo kolicinata
14:12on what you have in this pool.
14:15And how do you determine it?
14:16It's because it's a constant that we determine
14:20on the beginning of this pool.
14:24So, PSD-1 company and PSD-1 apple.
14:26So, this is to show you how the apple will get back.
14:30Normally, it's not going to be the same.
14:32Why is that?
14:34That's because you have a very small amount of apple
14:37in this pool, so that's why the value of the apple
14:41and how much more apple will get back.
14:44So, how much more apple will get back,
14:46the value of the apple will get back.
14:49And that's why you have to get back a small apple.
14:51And so, you can actually create a price.
14:57So, how does it look?
14:59So, as we say about the constant,
15:02the algorithm is that this constant will be 2,5 billion.
15:06And so, it will determine how much coins will get back.
15:10If there are three coins, as we saw the curve down,
15:14like we saw the curve down,
15:16Ethereum, Bitcoin and USDC.
15:18So, if there are three coins,
15:20and they will get back to the constant.
15:22So, that's why the disbalance will get back to two coins.
15:25So, if there are two coins,
15:27and they will get back to the number of coins,
15:29a number of coins,
15:30and we will try to get back to two coins.
15:32So how do we do it?
15:34How do we do it?
15:36How do we do it?
15:38How do we do it?
15:40With a new sum of all of these,
15:42it's about 57.
15:44So, if we do it,
15:46if we do it,
15:48we do it 2,5 billion.
15:50So,
15:52we do it,
15:54and we do it
15:56and we do it
15:58and we do it
16:00and we do it
16:02and we'll see what happens
16:04for the risk of dealing withes
16:07those units
16:10and now we have someone below
16:11and how do this
16:16?
16:17We do it
16:18because they will not have ...
16:20So we still have a list of the matches
16:21of the USD
16:23and of course
16:24we have one remaining
16:26so,
16:27in order to make these imprisoned
16:28Now, for example, we have a lot of companies, as well as we can, now we have to create a new price.
16:33So, how do we do this?
16:35The first sum that we have to pay is $50,000.
16:41And so, it doesn't change.
16:43So, these are the constants that we have to remain as they are.
16:48So, for the fact that we have to remain this constant of $2,5 billion,
16:53it doesn't mean the value of the price.
16:56So, the value of the price is not the value of the price.
16:59It's not the value of the price.
17:01It's not the value of the price.
17:03It's not the value of $50,000.
17:05But how do we do it now?
17:07If we have a lot of units, as we have a lot of companies,
17:11we have $57,000.
17:13That's why we have $57,000.
17:15Now, we can divide $50,000 on $57,000.
17:20So that one number of companies, dilute $50,000 is minded to make sure the price of money is okay.
17:37So, it's sold $50,000,
17:39and they have $5,000.
17:41Because they represent $54,000 for ETFs,
17:42that's as long as the average price does,
17:44so how much the units, which are divided by 50,000, will be very small.
17:49And, back to the bulls, which is currently very small because you have made the bulls,
17:55we have 43,859 dollars,
17:58and if we have 50,000 dollars, we will have 43,859 dollars,
18:04then the bulls will be 1,14 dollars.
18:09That's why a person has made the bulls more,
18:12and I have made the bulls more.
18:14And finally, I will tell you that the numbers of the bulls
18:18on the bulls and the bulls,
18:20they will give you a result of 22,5 billion dollars.
18:23We understand?
18:24So, it is currently working on the price of the automated market maker.
18:32Now, I will give you an example to see how it works.
18:36So, it is currently working on the second transaction.
18:39So, the other guy, the other guy, has made the bulls more than 10,000 dollars.
18:44So, that means that the sum of the bulls,
18:47where we have 50,000,000 dollars,
18:49now we have 60,000,000 dollars.
18:51So, we have 2,5 billion dollars,
18:54where people supervise the bulls,
18:57and get number of the 35,313 dollars.
18:59When we cut out this number and we cut
19:05a number ofcómo w진 exhaust
19:09among the object that we cut for 10 000.
19:12What can happen again, because the first time
19:15I
19:28relatively high income.
19:30Why is that?
19:32Because now we have more and more income,
19:34and we have more income.
19:36And therefore, the price of the income
19:38will rise, and the price of the income
19:40will rise.
19:42So, once again,
19:44we will return to the price of the income.
19:46So, with the amount of income,
19:48there is 67,000 income
19:50and 37,330
19:52income,
19:54and if we multiply,
19:56we'll just see the $1,000,000
19:58and something is not available.
20:00It's just one thing to say,
20:02We'll see you guys.
20:04So, we'll be sure win the price of the $1,000,000,
20:06because we'll see how we'll continue to
20:08develop the price of the $1,000,000.
20:10So, what happens now?
20:12It's hard to buy a $1,000,000,
20:14and so, we'll have some minimum income
20:16to the price of the $1,000,000.
20:18So, when we raise $1,000,000 and $1,000,000,
20:20$1,000,000,
20:21$10,000,000,
20:22we'll be sure that we can earn prices
20:24and go get the price of the $1,000,000.
20:26And so, how much better we have in our community,
20:29and how much better you have to do it and how much money is in the world,
20:32and how much more money can be, so that the amount of money is going to be.
20:35It's not that we're going to do this with the algorithm,
20:38Automated Market Maker,
20:39but now we have a situation where we have 6-7000 companies,
20:43if we have a share of 50.000, we're going to $74,650.
20:47So to say we're going to do this with the coins in the market,
20:51If we divide 50 thousand and 30 thousand and 333 thousand, we will get 1.34 thousand.
20:58That's 1 thousand and 34 thousand.
21:00That's not a cent, but a cent.
21:04So, if you look at this situation.
21:06If you look at this pool, if you look at this pool, and if you look at this pool, you will make a disbalance for a company,
21:11and it will be more and more and more.
21:15So, we have a situation where the man is going to buy a little bit of a pool.
21:22That's why we have to buy a little bit of a pool.
21:25And how many of you have to buy a little bit of a pool.
21:30And the situation is when it comes to Ethereum and Litecoin.
21:34And Solana.
21:36What do you think?
21:38So, this is how the pool is going to be neutralized.
21:47So, you don't have to buy a pool.
21:53So, this is how the pool is going to be neutralized.
21:56So, let's put it to the end.
21:59So, let's say that the main two rules of the liquidity pool are
22:03that the two things, the one with the other one,
22:06should give you a little bit of a value,
22:08which is the beginning to the end of the end of the end.
22:11So, let's see.
22:12So, if it's 2,500,000,000 and more than 2,500,000,
22:15then the pool is constantly.
22:17And the pool is constantly.
22:19And the pool is constantly.
22:21So, how much the value of the liquidity pool is in the side of the investors.
22:27Even if they weren't worth the liquidity body,
22:30then they would only rest,
22:31they'd be correct.
22:32Levi are theигр any 0.5%,000,000,000,000,500,000 yen.
22:36They'd only go to the eternalнем swing.
22:37They'd only stop 79,000,000,000,000 with whiskey.
22:39They'd already spend so many years back.
22:40So, if they want to bond with the $?
22:41And if they come into C quarters for theaprolo мужic problem.
22:42If so, the cash flow of the皆 are free,
22:43they'll really come to a $?
22:45So, if they leave $?
22:47Of a time that the pool,
22:48it's never been too close to a smaller action.
22:50It's a pocket.
22:52They're really close to $?
22:53Not that the�ись onda of this market,
22:54that has been almost done.
22:56or a fixed suma constant
22:59into the one from the other one
23:01which is the other one.
23:02So, understand?
23:04So that function.
23:05So that should be mentioned
23:07That how much more to use the balance of one
23:09on the other two,
23:10on the other one,
23:11on the matematics and the other one,
23:13more to the other one,
23:14more to the other one,
23:15and so to the other one,
23:17So understand,
23:18so that function.
23:19And normal,
23:20it's a little bit brifle
23:22but you can easily measure
23:24You can't take any type of type, for example, you can use two coins or something.
23:30If you do this, you can use the constant of the number of coins to be the same,
23:40and the capital value of the capital.
23:42How do you do this balance?
23:44You can only do this balance as much as you can.
23:48You can only do this balance, but you can also know the value of the pool.
23:52Not something that is quite relevant, but it's something that is just known as DVL,
23:56i.e. the value of the value of the pool.
23:58It's the value of that, according to the value of the capital value in which Lugia is lost,
24:01but then, if you are making capital value,
24:05then it is more complicated if you have the performances,
24:08like in verse 3 coins,
24:09for example, if you have a curve,
24:13if you have a situation like Lugia vade, or capital capital.
24:16So, in this moment,
24:18we will explain the most-lowering and most-lowering,
24:21to understand how the liquidity pool works.
24:23And this algorithm doesn't have to be any kind of useful work.
24:27It's a fixed work that is put in the same way
24:31for the same decentralization.
24:33So you don't have to do that.
24:35So this algorithm is always going to check out the end of the end of the end.
24:39It's always going to get the end of the end of the end of the end of the end of the end.
24:44And in the end of the end of the end of the end of the end of the end,
24:47you can get the same size of the business of Uniswap, Suliswap, Pancakeswap,
24:52and you'll get it in the end of the end of the end.
24:56And that's how I got it.
24:58I'll just tell you some of the ideas that I didn't know about it a bit.
25:01I will just get it.
25:03So I'll work with the beta.
25:05So I'll be confident about it when I started this week.
25:08The question is what will happen when we're in a pool
25:11where we have the same size of Bitcoin and Ethereum
25:15Ethereum or Bitcoin and USDC, which makes it more interesting and more simple.
25:20Now, the price of Bitcoin is much higher than the price of the centralized or the decentralized or the decentralized.
25:29That's why this pool is in a pool.
25:31In this case, you practically have a private price.
25:35In this case, you practically have a private price.
25:38So, many times, it can happen that the price of Bitcoin can be higher than the other places.
25:48So, many times, if you remember that the price of Bitcoin is higher than the price of Bitcoin,
25:55and the price of Bitcoin is higher than the other.
25:59So, these are the disbalance.
26:00In this case, you practically get an extreme price of the price of Bitcoin,
26:04which is practically not on the other.
26:06So, this will be the price of Bitcoin.
26:10You can achieve a different price of Bitcoin, so you can have a trade by Bitcoin.
26:10This is why, in this case, they have a massive price of Bitcoin.
26:12They have a large price of Bitcoin, and they have an expensive price of Bitcoin.
26:18And, with this currency of Bitcoin, with the price of Bitcoin,
26:31they have a small price of Bitcoin.
26:32So, you have to do that for Binance, like you have to do a bit and you have to do Bitcoin at 31.000.
26:40It's a reminder that Binance is still a bit of $30.000.
26:45Now we'll do that for Bitcoin.
26:54These arbitreons are the most at the end of the video
26:56because it is a very much to do,
26:58it will be a special video
26:59that will be done on this video
27:01and it will be working on a useful method
27:02with the carriers and capital
27:04which will be used to
27:05to keep the price of the normal
27:08without being able to bring it up
27:10based on the result of this video
27:11that will be most often
27:12and that they will be able to give it a profit
27:14of business with no matter
27:16but what does it do
27:18and is just the other video
27:19!
27:19I simply can't wait to do that
27:20and I will be able to tame them
27:20and I will be able to show them
27:22one of those questions, because you are sure you will have the end of the video
27:26what happens when Binance is the normal price of Bitcoin
27:30and Ubisoft the price of Bitcoin is $3,000.
27:34Here we have the arbiters, which work is that
27:38the price of the price of all the entities
27:42and the way they make the profit, for which we will talk about in the next video.
27:46These are the ones who will be on our channel
27:50This video is here, which is the video that you can explain
27:54on our channel, so you can see it on our channel
27:58so you can see it on our channel and see it on our channel
28:02and on our channel where you can see it on our channel
28:06because we have a moment of 900 videos
28:10Before we continue with the standard for the end
28:14I will go to Macedonia, so I don't know
28:18I don't know how much and I don't know how much material can be made
28:22but I don't know how much material can be made
28:24I don't know how much material can be made
28:26but I don't know how much material can be made
28:28So I will go to the next video
28:30I'll also jump onto the channel
28:32I will continue to watch the video
28:34If I can do this video, I will see you in the video.
28:38So I don't have any comments or anything special about this video.
28:41Because of the other hand, I will try to stop.
28:43I will see you on the next 7 days of the next year.
28:49I will see you on the next time.
28:51I will see you on the next halving.
28:53I will see you on the next time.
28:55I will see you on the next time.
28:57But I will see you on the next time.
28:59Last one is more and more primitive in the uproar office.
29:05If you do it on it, I will follow you on the website.
29:09You will see you on the next Speaker of the whole video.
29:14There will be different situations –
29:15بع国 from the regular jobs I feel bad.
29:18I usually uh this local marketing stuff.
29:22I am really hoping…
29:24There are many many profiles.
29:26I am searching for my personal work.
29:28so they have a logo and a logo on my side
29:32and they say iphone, you can give a paycheck, you know you can give me, or to me not know
29:37so, i am not sure I don't want to do this
29:40be careful
29:41these are a couch-fBILE
29:42look at it
29:43a lot of subscribers
29:44a lot of followers
29:45and like
29:45these are not the ones that are real
29:47they are really bad
29:48i have a successful video
29:49i have 10.000 times
29:50i agree not, it doesn't even know we can do anything
29:52so, be careful
29:53either
29:53i am not sure you will have to make a couch
29:55get in a friend
29:57or I don't know, I'm going to use tokens
30:00I'm going to use a drop like this
30:03so be careful
30:04and now, look at that, that is completely free
30:09and I'll show you what's going to do
30:12all the things that you can do
30:15and share the material
30:18so I'll show you what's going to do
30:21and when I'm going to do it
30:24I'm going to leave it for you, so I'm going to leave it for you
30:27And that's why I'm going to leave it for you
30:29Look, we don't have any рекlames, I don't have Tesla or Mercedes
30:32So far, I'm going to leave it for you
30:35Like, share, subscribe, comment
30:37To help us on the video streaming platform
30:42Like YouTube, Rumble, Odyssey
30:45As you can see it on our channel
30:47To watch it for you
30:49And normal to follow us on social media
30:52While you need to remember, you can see it in the description of your video
30:55Make sure you need to receive many more information
30:58Special if you want to get extra updates
31:00For example when you have new updates
31:02As something that happens to you
31:03For you, you can see it in the social media
31:12Cash is for me
31:14For you, anytime you will next to 700,000
31:16and that's what we have done on our blockchain adreses
31:20so that we have to do it on our work
31:24and we have to do it on blockchain adreses
31:27which we have done one year
31:28and that's what we have done to now
31:30we have to do it on our cash
31:34these are 75€ that we have done on our blockchain adreses
31:39they will be sent to the church organization
31:43in which we have to help
31:45with these products
31:47we have to do it with a short video
31:49where you can see transparent everything is done
31:51and how it is done
31:53at the end of the end
31:54we have to do it with all the money
31:57and we have to do it on our own
31:59the work we need
32:01we have all of the money
32:03we don't have to do it
32:05from the Western economy
32:07we have to do it
32:09we have to do it
32:11one kind of big sum
32:13There is a link to the CryptoGimages by MyCoffee, so you can see it on the link.
32:20There is another place where many of you are going to buy donations.
32:25I will bring them in May, when I will be in Macedonia.
32:29I will bring them to the church organization in the same way, as you can see it on January 8.
32:35Finally, I will bring them to the end of the day.
32:41I will bring you information on Macedonia.
32:44I believe that it will be interesting for the whole world.
32:47But it is something that I will wait to make.
32:50So, I will see you in Macedonia.
32:53I will see you in the next video.
32:56Good luck from CryptoGimages!

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