Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list OAS and support deposit and withdrawal & Automated Market Making (AMM) on Mar 2, 2023 (UTC). And its trading pair OAS/USDT will be available on the same day.
1. Deposit: 07:00 Mar 2, 2023 (UTC)
2. Withdrawal: 07:00 Mar 2, 2023 (UTC)
3. Trading pair: OAS/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Mar 2, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Mar 2, 2023 (UTC)
Orders can be placed but cannot be canceled
10:00 Mar 2, 2023 (UTC)
Oasys is a public blockchain specializing in games. It is launching with support from renowned game companies to revolutionize "Blockchain for The Games."
Oasys Architecture is built for game developers, offering a high-speed, zero gas fee experience to users by combining the best of public L1 and private L2 blockchain technology solutions.
Oasys is an EVM-Compatible protocol that adopts the Oasys Architecture. This unique architecture consists of a multi-layered structure: Hub-Layer, a highly scalable Layer 1; and Verse-Layer, a special Layer 2 using Ethereum's Layer 2 scaling solution.
Oasys developed a Layer 1 (Consensus Layer), the EVM public sidechain specialized for games. On the Oasys blockchain, users will rarely use Layer 1 directly because the logic of games will run on Layer 2 (Execution Layer). Game developers can run their own Layer 2 for each Metaverse which will cover all the gas fees for the users. This will allow users to enjoy the Metaverse without worrying about gas fees.
Furthermore, Oasys uses the environmentally friendly PoS algorithm, which does not require unnecessary power consumption. With Oasys Architecture, game developers can build a Layer 2 Metaverse that is highly usable, flexible, and eco-friendly and as a result, users can enjoy blockchain games with great UX comparable to Web 2 platforms.
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
Mar 2, 2023