- 3 days ago
Discover the future of decentralized trading with RubyDex, the innovative Layer-2 Derivatives Dex that promises the trading experience of a centralized exchange (CEX) while maintaining the security and control of a decentralized platform.
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00:00what's up guys welcome back to the channel in today's video i've got a really brilliant
00:07platform that i want to introduce you to and it's called ruby dicks okay so this is a multi-chain
00:14perpetual futures platform that offers crypto forex stocks and nft trading so it's a really
00:22wonderful platform and i think you guys would really love to know what this is all about it's
00:27a groundbreaking layer 2 decentralized exchange and it's designed to actually deliver the trading
00:34experience that's similar to a centralized exchange but it actually ensures that you as a user can
00:40retain control of your own funds and the platform also enables you to have access to hundreds of
00:48linear contract perpetual futures across all major blockchains without actually requiring you as a
00:56user to relinquish control of your assets if this is something that you are interested in make sure
01:02you hit that like button make sure you stay all the way to the end of this video you don't want to miss
01:09a single thing you know guys i always bring you the best decentralized trading experience uh experiences
01:16in terms of the platforms that i like to use and this is certainly one of those that i feel like
01:21you need to really learn about its key features and how it actually works and i'm going to be giving
01:26you a step-by-step tutorial of how to get started on ruby dicks if that's something you're interested
01:32in like i said make sure you also go to our main site decentralized dirt news and check out the links
01:37in the description but let's get it started without wasting any time let's talk about the key features of
01:44ruby dicks okay so what really sets it uh sets it apart is the same as uh pretty much any other
01:51decentralized exchange right like it's a non-custodial platform and you'll never be required
01:56to either create accounts or share personal information or deposit funds into controlled
02:02accounts it's non-custodial which means that you know you will be in control of your own funds and
02:08unlike most competitors which are limited to a few blockchains uh ruby dicks actually has plans to
02:14expand across uh significant amounts of layer 2 networks including uh arbitram avalanche uh binding
02:21smart chain which is already launched on and arbitram uh optimism polygon zk sync as well and a whole lot
02:29more so this is a really a multi-chain product and uh the phase one release is something that was said to
02:37feature over you know 100 crypto perpetual futures despite uh sort of typically limited asset and
02:43currency selection among a most decentralized exchanges so if you look at their 23 uh 2023 roadmap
02:51it actually includes also the introduction of crypto indexes etf perpetuals and i think by the
02:56end of this year i think they're talking about having perpetuals for stocks etf stock indexes
03:02uh commodities and a various number of different financial products and since they're permissionless
03:09you know it means that you know you can have unlimited really like offerings because you know
03:13the listing process is permissionless and uh they are really uh an incredible platform in terms of what
03:20they're trying to introduce to the space so how do you actually get started with ruby dicks okay you need
03:25to go to their main website okay so um go to rubydecks.com and from there you'll come to the main interface
03:36and uh you'll see that it's a pretty neat um sort of interface as well uh it really is sort of designed
03:44to give you guys a really good trading experience and uh like to say here you know it's unparalleled in
03:52terms of uh the defy opportunities that you can get using this platform for you to proceed you just
03:57need to click that trade now button so that you can have the trading interface actually appear and then
04:04you can then proceed to connect your wallet and choose which our blockchain network you want to
04:08actually transact with in this demonstration today i will be using the arbitron network which provides
04:15fast and efficient transactions with low gas fees i've did you know sort of uh reviewed other uh
04:21decks is on arbitron but this is another a top decks on arbitron that you don't really want to miss out
04:27on like i said you can use bsc zk sync uh and other blockchain networks as well so you may be required
04:34to just sign a transaction depending on the web3 wallet that you are using in this instance i am using
04:41metamask wallet so you can see here i actually created a brand new wallet so you guys can actually
04:46see how it works step by step so once you've connected that wallet you will need to obviously
04:52deposit some funds uh the base asset for trading on rubydex is usdt and uh so make sure you do add usdt
05:00on the arbitron network to your wallet the contract address for usdt on arbitron will be available you
05:07can go check it out on aggregators such as coin market cap or coin gecko or you can also link uh to the
05:13um article of this review which is also in the description and you can actually go get that
05:19contract address there so you can see here i added uh um usdt you add that contract address
05:26to your metamask in order for you to have that usdt on arbitron and uh after that you know you can
05:33choose how much you actually want to deposit in this instance i'm just going to deposit 50 usdt so you guys
05:39know how you know a little in terms of uh the actual entry barrier to entry that you need you
05:45can deposit any amount that you want you can start with as little as 50 bucks or more okay so remember
05:51that obviously on arbitron it is used to pay for gas fees and uh just make sure you've got a little bit
05:57of a eth on the arbitron network in your wallet as well so you can pay for gas fees they are incredibly
06:04cheap in terms of the gas fees as you will see here but uh once you actually have the uh you eat
06:10in your usdt in your metamask arbitron wallet you will be ready to start trading on ruby dix just as
06:18simply as that so first you need to obviously confirm your deposit into ruby dix so here like i said
06:23these 50 bucks are confirmed my deposit and you can also set a spending cap of how much of the total
06:30funds you'd be willing to spend so here i'm just going to go under the limit that i have let's say
06:3445 right okay so you can then review your spending cap and uh you can pay your gas fee and from there
06:42you'll be able to actually see on the dashboard as well once uh your deposit is successful as you can
06:47see here we've deposited that uh 45 usdt to our wallet and to the platform and you can then proceed to
06:56obviously place your order so you can use two types of margins here you can use isolated or
07:01cross margin when you're trying to trade or open positions so isolated margin pretty much is like
07:06putting uh on your seat belt at a specific uh like for a specific trade right it's like designed to
07:13just limit the potential damage that you can have on any single trade cross margin on the other hand
07:20is like using your entire account as a buffer in order for you to absorb losses and avoid liquidations
07:27but it could also potentially wipe out your entire account if things don't go your way in terms of the
07:34direction of the market if you're going long or short okay so choosing between isolated and cross margin
07:40just depends on your risk tolerance at the end of the day and also your trading strategy and how you
07:45want to manage your capital but in this demonstration we are going to be using isolated margin uh as the
07:52option and we are going to be using 10x leverage we're also going to be taking a long position on our
07:58trade so you can see here it's clearly visible on the interface it's quite intuitive you can see uh
08:06kind of the cost in the max buy max sale uh you can also see the amount whether you're taking a market
08:12order limit order etc so you'll be able to clearly see on the trading interface the trading pay the
08:17order type the market or limit order if you're choosing that what the price the amount and also
08:22the estimated liquidation price okay so you always know step by step of what you're getting yourself
08:28into so which is amazing also once you order um let's say you've placed your order and your order
08:34is successfully placed you can also view the position order and the history and your trade history
08:40as you can see here we are confirmed and you can see what position i have open you can also see my
08:47order history there uh which ones it filled and also the positions that i was taking okay in terms
08:53of my trading history as well and you can also see uh that you know trading professionals on a ruby
09:00decks is a simple and straightforward process what's even better is that you can also set up your stop
09:06loss and your take profit targets so that you can just have peace of mind and also uh manage risk in
09:12a much more uh stable way okay so why why would i want to use a ruby decks and why would i want you
09:20guys to try this platform it does distinguish itself from competitors by just having its capacity
09:26uh to just offer this efficient liquid and responsive trading experience mirroring uh what you would
09:32get on centralized exchanges okay so the architecture of ruby decks itself is uniquely crafted to maximize
09:38efficiency uh blending centralized and decentralized zones and users funds are safeguarded as wallets are
09:45you know sort of uh interacting exclusively with the platform's decentralized zones so centralized zones
09:52in campus are cloud servers uh and are utilized solely for housing their core trading engines
09:58which are engineered to match the speed of any centralized exchange that you might be used to
10:03using if you're an active trader additionally trading data will also be regularly transmitted to
10:09their smart contracts to ensure that balances remain updated and also accurate okay so to achieve superior
10:15liquidity ruby decks implements uh what we call like an order book model which uh minimizes uh slippage
10:22and also supports limit marketing or other various uh trained trading standard functions okay so this
10:30model as well offers uh enhanced uh flexibility for both institutional and smaller traders so ruby decks
10:37can actually further refine at the approach by sort of introducing an innovative liquidity pool system
10:42that's uh geared towards lending assets to professional market makers so this system actually aids in
10:48in enriching their order books as well market makers themselves gain an immediate liquidity a source
10:54that's directed into their decks while liquidity providers uh in these pools also benefit from
11:00flexible apys determined by the interest rates that are paid by market makers so it's complemented by uh
11:07you know personalized customer support uh they have also a complementary educational content feature on the
11:13website other versatile mobile tools and apps uh ruby decks is definitely something that is a great offering
11:22and i feel like you know if you're a trader you want to really dive in and kind of capitalize on some of
11:28the benefits uh that you can enjoy so traders that are using ruby decks already are freed from having to trust
11:34their funds with centralized institutions so they can sort of uh you know make sure that they are their own
11:40custodians they don't have to worry about uh either like uh the team uh doing kind of unethical things
11:47with their money and also ruby decks users can access the exchange from any sort of a blockchain that
11:53they prefer while also maintaining that absolute control of their wallets and funds and uh you know
11:58you you can actually pretty much you know see that they offer these uh unique perpetual futures and
12:04traditional financial assets as well for somebody who's coming maybe from trade fi getting into crypto you can
12:10see how these decks are really getting smart now about bringing traditional products into uh this new
12:17space and making sure you know you're uh working with these decentralized exchanges to actually do
12:22your trades and forgoing the brokers and all of those fees that you would encounter if you were
12:27dealing with those so you can also make sure you know uh you can be part of this uh sort of revolution that
12:34uh um ruby decks is sparing on and i just have a fairer and much more kind of uh efficient steadfast
12:43sort of uh um systems that can help you trade in a very efficient way and if you're somebody who likes
12:50to earn passive income as well ruby decks does have the perfect features for you because you are able to
12:56actually boost your income by recommending traders to the decks itself so you need to simply just submit your
13:02application today uh or any other day join the ruby decks affiliate program you can go to their
13:08website you can clearly see at the tab there and you can profit from the trades of your referrals as
13:13well and your application of course will have to be evaluated by ruby decks but as once it's approved
13:19you you know you'll get your unique referral link and uh you'll be able to share that with your
13:23audiences if you want to get started make sure you're using my link as well since i'm bringing you this
13:29exclusive uh on ruby decks and uh just make sure you amplify your innings guys and uh uh use your uh
13:36your links also if you're a content creator or just use them on your social media in your posts etc you
13:42can receive lifetime commissions for every new active client that's uh brought in through your referral
13:49which is what i like i like to make money i like to make sure i'm using products that i trust that i know
13:55that are reliable and ruby decks is uh definitely one of those so if you want secure passive income
14:01streams you can definitely uh also make sure you join their referral and their affiliate program so
14:06what you stand to benefit there is simple you can earn 50 of the trading fees that are generated by your
14:12referrals additionally you can also earn an extra 10 on the earnings of your sub affiliates so it's a
14:20multi-tier affiliate system which is fantastic they also have something that's wonderful which is this uh
14:25ruby decks token airdrop event okay so just make sure you join in that exciting exciting uh airdrop uh
14:33event you know the tasks that you need to do to unlock these remarkable rewards and become part of
14:39the ruby decks uh token journey because they will probably be launching the token and uh you know like
14:44i said i love to get in on these decentralized exchanges and especially if they have a native token
14:49because you know that the volumes are going to come from centralized platforms you see what's
14:54happened with ftx and all of these platforms voyager blockfi we saw a whole lot of trouble
15:00brewing in the space in the last bull season you don't want to be using centralized platforms necessarily
15:07go to ruby decks and actually launch a sequence uh of uh you know three airdrop missions that they have
15:12and you know you can these are actually designed to grant you exclusive rewards and you can earn points
15:18to access future token airdrops as well so i love to airdrop hunt you know me guys very well
15:25that i never leave any money on the table so to participate just make sure your wallet is linked
15:30to ruby decks okay so there are a lot of things that you might want to know about kind of uh
15:36this airdrop and stuff but you know it's uh you know you can accrue points uh by each wallet address
15:43during the event and these are not transferable to other wallet addresses by the way you can accumulate
15:48more points uh leads also to receiving you uh making sure you're getting a larger quantity of
15:55rubix tokens ruby decks tokens when they're out and uh for asset tasks you know points will definitely
16:01be credited in the subsequent points update if your assets are retained for seven days or longer
16:08uh within the event period and retaining assets for less than seven days will result in no points
16:13being awarded so make sure you are making sure you're maximizing okay also there are trading volume
16:19tasks that you can get involved with and uh the actual amount of your trades are multiplied by your
16:24average um sorry by your applied leverage ratio and you also have these high point tasks which are one of
16:32tasks providing a singular opportunities to secure high points rewards you can verify the
16:38authenticity for example of your nfts make sure you mint them uh or you mint the og gem nft at the
16:46official rubydex nft page and uh so you can also check out the link to the full review of this um
16:54platform it's in the description you will be able to see the link there and they also have weekly tasks
16:59they have some special tasks and a whole lot more for you guys so make sure you check it out but one other
17:06thing is like what i like about this disk uh decks and uh what the team is bringing is like the team
17:12is quite high profile coming from uh well-known uh organizations in the fintech space already they
17:18have rubydex apis if you're a developer and you want or you know somebody wants to use the uh the apis
17:25you're able to do that you can find the links are on their website and they do offer rest and websocket
17:31apis to you know for you guys to be able to interact with their systems they also have an academy and a
17:37blog which has a lot of information a lot of news about what they're launching what their roadmap is
17:43what new features they've actually just released etc so make sure you're keeping abreast of all the
17:48latest news and ecosystem updates make sure you check out their blog as well and make sure you follow
17:54these guys on all of these socials okay on twitter etc facebook just make sure you are staying within
18:01that ecosystem so you can meet other people you can uh just be part of the community and actually
18:07uh make sure that you know as they actually start to grow you were there early and you're growing with
18:13them i want you guys to let me know what you think of ruby dicks i really had fun playing on this
18:18platform let me know what you guys think and don't forget to check out the links in the description
18:23use the link in the description to make sure you start uh trading on the platform there's a whole
18:29link to the full review if you want to just get a step-by-step uh sort of tutorial on how you can
18:35get started so make sure you check that out as well other than that guys make sure you like share and
18:40subscribe and turn on the notifications bell i will be seeing you in the next and don't forget to leave
18:47your comments about how your trading experience with ruby decks is i'd love to know and i'll see you guys in
18:54in the next video peace and love
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