Dear CoinEx users,
CoinEx has suspended ALBT deposit, withdrawal and trading services at 11:30 on Feb 2, 2023(UTC). According to the AllianceBlock official announcement, CoinEx has decided to support the NXRA(AllianceBlock Nexera) airdrop for ALBT(AllianceBlock) holders, and the airdrop has been allocated on Mar 8, 2023, please check it in Assets - Spot.
CoinEx will list NXRA and support deposit and withdrawal & Automated Market Making (AMM) on Mar 8, 2023 (UTC). And its trading pair NXRA/USDT will be available on the same day.
CoinEx Airdrop Plan
1. Snapshot time: 00:00 on Mar 8, 2023(UTC)
2. Range of Snapshot: Assets in Spot accounts
3. Airdrop ratio: 1 ALBT : 1 NXRA
4. For more details, please refer to:
AllianceBlock Nexera Token Distribution Portal Guide
CoinEx Has Suspended the Deposit, Withdrawal and Trading Services of ALBT
1. Deposit: 08:00 Mar 8, 2023 (UTC)
2. Withdrawal: 08:00 Mar 8, 2023 (UTC)
3. Trading pair: NXRA/USDT
4. Opening method: Call Auction
a. Call Auction
08:00-08:50 Mar 8, 2023 (UTC)
Orders can be placed and canceled
08:50-09:00 Mar 8, 2023 (UTC)
Orders can be placed but cannot be canceled
09:00 Mar 8, 2023 (UTC)
AllianceBlock is building a Decentralized Finance Ecosystem to simplify capital markets by collapsing the multiple layers of traditional investment banking, and streamlining Issuance, Validation and Governance through our Cross Border Regulatory and Compliance Framework.
AllianceBlock’s platform and services are aimed at realizing a Decentralized, Collaborative and Sustainable Capital Market that brings together issuers, investors, institutions, traders, experts, advisors, other service providers and even talent.
AllianceBlock’s DeFi Ecosystem enables its members to issue, transfer and own tokenized and/or digitized assets of all kinds including but not only traditional securities, physical assets and tokens. Our ecosystem does not restrict the custody, transfer and exchange of assets to a select few members. It is open and allows any entity to create assets and applications without the need for approval by centralized “trust” authorities such as banks and clearing houses.
The AllianceBlock (ALBT) token was fully replaced by the AllianceBlock Nexera Token (NXRA) in Feb, 2023. The legacy (original) ALBT token is fully deprecated and has no more utility, with NXRA completely taking over its utility and properties.
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 8, 2023