Moda DON

Moda Network does not utilize order books to generate prices, but applies Moda Decentralized Oracle Network to feed real-time quotes considering the price impact to maintain consistency between quotes and spot prices and avoid price anomalies to traders.

Final Quotation = Oracle Quotation(TWAP/VWAP) * (1 + fixed spread + dynamic spread)

Stocks, index, commodity and forex apply the Time-Weighted Average Price(TWAP) algorithm to calculate the time-weighted average price between the time of order submission to execution.

Cryptocurrency applies a 24-hour trading Volume-Weighted Average Price(VWAP) algorithm based on the real-time spot quotation of the top ten exchanges on CoinMarketCap.

Cryptocurrency’s Oracle Quotation (VWAP) =iPi*Wi/iW

Pi is the spot quote Price of each exchange.

Wi is the 24-hour trading volume of each exchange.