Limit Order

Yerbie having a great time!
What is a limit order?
It is a request to swap one token to another that executes when the price matches the set price. Unlike an ordinary swap, which is based on the principle of a market order which executes immediately with the current Market price
What is the difference between MATE Limit orders and other DEXs?
First, most popular DEXs have Market orders only, which allow you to trade with current market prices and suffer from unpredictable slippage. It is common to all AMM (Automation Market Maker)
Second, there are some DEXs offering limit orders, but they make you come to terms with low liquidity and partial or non-execution at all. 
It happens because they operate based on the Order book. It means that you place an order, wait till the price reaches your condition, and hope some other trader makes the opposite order with the same price and similar or bigger volume (Take your order). Too many conditions should match to execute your order.
Third - MATE DEX revolution. MATE allows users to make Limit orders with no slippage and enough liquidity for any amount. Moreover, the commission is even lower than in the most popular AMM.
How do MATE Limit orders work?
The user sets a token to swap, price, and amount then submits the transaction into a smart contract. 
Executor nodes monitor the price and other market conditions.
Once market conditions match required, MATE executes orders on the AMM market, which are used as a liquidity source.
The magic consists in order execution at the right moment so that upon completion of the transaction, the final price coincides with the required one, covering slippage and AMM fee.
That is how MATE users can get exact prices without any slippage, complete any size order, and pay even less fee than usual, only 0.2% without any hidden fees!
Comparison between DEX and CEX
Read the article on the difference between CEX and DEX, plus some additional and detailed information on Limit Order here. ​
One of the previous problems with DEX’s is that you had to market buy at a seller’s criteria. Whatever the order book provides you is what you get. This is especially the case while trading low-liquidity currencies, you might wind up losing a lot of money.
For the average trader, the most crucial factor is getting the best rate for your money. CEX's liquidity and limit orders have the most significant advantage over DEX. 
For example, if you plan to exchange USDT$10,000 for BNB in Pancakeswap (USDT/BNB). You would expect to get the best rate since there is a good amount of liquidity between BNB and USDT.
Your $10,000 would return you with an approximate amount of 33.1096BNB.
However, the same $10,000 would have gotten you a better deal on Binance (CEX), which is 33.151BNB, around 0.0414BNB more ($12.50).
The majority of the time, the BNB-USDT pair usually has a low disparity between CEX and DEX. The gap becomes wider if you plan to trade for a token with much lower liquidity and volume. 
Let's take the LTO-BUSD pair as an example. (Both are available in Binance and Pancakeswap) 
BUSD$10,000 would get you around  59,388.1 LTO tokens. Let's compare that with Binance. 
You would get 60,132 LTO with Binance. Trading with a limit order in Binance would get you extra 743.9 LTO tokens ($123.71 in USD)
The difference becomes much more significant for unlisted tokens. Executing any market order trade would result in great losses instantaneously.
Let's take an ORK-BUSD pair with the same BUSD$10,000.
For BUSD$10,000, you would be getting 22,518.7 ORK with an average price of $0.444 per ORK. However, ORK only costs $0.418 per ORK. 
You pay an additional $0.026 per ORK to execute a market order on Pancakeswap, around 5.86% of the market price per ORK. 
If you want to swap the 22,518.7 ORK back to BUSD, you would only get about $8,812.85 (A loss of $1,187.15, or approximately 2,840 ORK) 
Plus these trades; there is a 'Minimum received = 8,769 BUSD' written. You do not know how much you are getting UNTIL you execute the trade, which is usually lower than Pancakeswap estimation.
Limit order saves you money in the long run. Plus, eliminating the risk of unpredictable slippages.
Low Fees
Enjoy Mate's super low fee for your trades! Mate only charges 0.2% on every swap transaction to incentivise executor nodes. 
Plus, traders also get to enjoy BSC's low fee transaction compared to the ETH or BTC network! 
You cancel the order and the order fee will be refunded automatically to you.
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