An automated market maker (AMM) is the underlying protocol that powers all decentralised exchanges (DEXs). Simply put, they are autonomous trading mechanisms that eliminate the need for centralised exchanges and related market-making techniques. Instead of using an order book like a traditional exchange, assets are priced according to a pricing algorithm.
Chintai’s AMM utilises an updated mathematical formula that is different and unique from the rest of the market. It is specially built to ease user’s mind on hard calculations on exchanges between traded currencies. This in turn results in a one-stop automated function to trade any 2 different currencies.