How?

BitX uses a backend router to initiate transfers for traders,The backend script is written in a decentralized manner that gives no power to the deployer or wallet owner!!

Due to the nature of Bitcoin Ordinals theres no such thing as a contract that operates according to code ( Uniswap for example ) so the only possible method to enable trading for BRC20 is thro a node js or similar backend structure.

Using a backend has its pros and cons but its the only doable option in the meantime!

Lets dive into how BitX handles transfers " trades ":

Adding LP to the API wallet for transfers "trading"

Despite BitX having initial liquidity for launch , its crucial to attract liquidity providers on the long Run.

Liquidity providers earn 70% of the trading fees ( 1% per trade ) more info here

API wallet handling trades

The backend handles all trades automatically according to code along with the safety measures and multiple confirmations for every trade to prevent bugs and fund losses.