Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list IXT and support deposit and withdrawal & Automated Market Making (AMM) on Jan 11, 2023 (UTC). And its trading pair IXT/USDT will be available on the same day.
1. Deposit: 07:00 Jan 11, 2023 (UTC)
2. Withdrawal: 07:00 Jan 11, 2023 (UTC)
3. Trading pair: IXT/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Jan 11, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Jan 11, 2023 (UTC)
Orders can be placed but cannot be canceled
10:00 Jan 11, 2023 (UTC)
PLANET IX is a blockchain-based strategy and trading game. With a virtual copy of planets as players' playing field, the goal is to restore the planet to its former green and blue glory– and players do it by acquiring pieces of land called PIX. The game story and narrative is tailored towards bringing awareness of mankind's negative environmental impact on the planet, and will also be incorporated in the game mechanics.
The main game objective is to collect and trade as many PIX as possible and restore the planet through the PlayToEarn functionalities. When players have traded or collaborated the way to a larger area of PIX, they will be able to merge them into a Territory NFT, enabling true and exclusive ownership of PIX collection. The PIX are acquired using an ERC-20 utility token called IX Token (IXT) which was launched on November 20, 2021.
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.
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
Jan 11, 2023