Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list FPFT and support deposit and withdrawal & Automated Market Making (AMM) on Nov 16, 2022 (UTC). And its trading pair FPFT/USDT will be available on the same day.
FPFT Services
1. Deposit: 07:00 Nov 16, 2022 (UTC)
2. Withdrawal: 07:00 Nov 16, 2022 (UTC)
3. Trading pair: FPFT/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Nov 16, 2022 (UTC)
Orders can be placed and canceled
09:50-10:00 Nov 16, 2022 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Nov 16, 2022 (UTC)
About FPFT
Website | Explorer | Whitepaper
The Peruvian National Football Team Fan Token (FPFT) is a BRC-20 smart contract built on Bitcichain. Token allows fans of Peru National Football Team to participate in exclusive surveys and events, create digital collections, purchase NFTs, enjoy gamification and mission features linked to fan rewards, missions and great experiences.
FPFT, Peru National Football Team Bitci Technology Fan Token can be used in the following functions.
(1) Survey and Events
FPFT Token holders can participate in Paid and Free Surveys or Events on the Bitci Fan Token Platform.
(2) Loyalty Subscription
FPFT Token holders will be able to use Peruvian National Football Team Tokens to receive fan rewards, digital collectibles, loyalty points and more.
(3) E-Commerce
FPFT Token can be included in the Peruvian Football Federation's potential future e-commerce ecosystem, used as payment for shopping payments, products, tickets, memberships and more using BitciPay or FanApp.
(4) Advantages
FPFT Token holders can interact with the Peru National Football Team on the Bitci Fan Token Platform, including signed products, to meet and greet one of the Players or Legends, one-on-one phone calls, entrance to the locker room, watching matches in VIP or similar areas, signed official products, limited edition collectibles etc. can take advantage of the benefits.
(5) Games and Quests
FPFT Token holders will have access to multiple missions and gamification features on the Bitci Fan Token Platform.
(6) Donation
FPFT Token holders will be able to donate directly to their favorite team and receive loyalty badges or nft in return.
What is Automated Market Making (AMM)?
Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide a continuous quotation for the market. CoinEx combines AMM with the order book, which means the liquidity pool will be automatically converted into the order book. With the "constant product market maker formula" algorithm in AMM, no matter how large the order book is or how small the liquidity pool is, firm liquidity provision to the market can be guaranteed. Learn more
Fees and Profit
Market supporting automated market making is an AMM market. Compared with normal market, AMM market adopts an independent fees system. The fees for both marker and taker is 0.3%, for market makers is 0.15%. VIP will not enjoy any special fees, and using CET for fees deduction is unavailable. All users are qualified to apply for market makers, and 50% of the market's transaction fees will be rewarded to liquidity providers.
Characteristics of AMM
1. Bonus obtainable from automated market making
User’s provided liquidity will be injected into the pool for automated market making. 50% of the market's transaction fees will be rewarded to liquidity providers in terms of the corresponding pool proportion.
2. Daily bonus can be cumulatively withdrawn
The transaction fee bonus will be calculated once a day and automatically credited into the user's Market Making Account before 4:00 (UTC) the next day. The user can obtain all the accumulated fee bonus after removing liquidity.
3. Free access, no charge required
Assets between Spot Account and Market Making Account can be transferred in real-time by adding and removing liquidity. Each user in a single market can increase liquidity twice a day, and no fees will be charged during the operation.
Risk Warning
The assets in the Market Making Account will be injected Into the liquidity pool for automated market making. When the price fluctuates, there will be impermanent losses, and the amount of the two assets will change when the liquidity is removed. More details about impermanent losses
CoinEx Team
Nov 15, 2022