Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list PAWSWAP and support deposit and withdrawal & Automated Market Making (AMM) on Apr 20, 2023 (UTC). And its trading pair PAWSWAP/USDT will be available on the same day.
PAWSWAP Services
1. Deposit: 07:00 Apr 20, 2023 (UTC)
2. Withdrawal: 07:00 Apr 20, 2023 (UTC)
3. Trading pair: PAWSWAP/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Apr 20, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Apr 20, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Apr 20, 2023 (UTC)
About PAWSWAP
Built on the premise of decentralization, Pawswap offers a secure, fast and user-friendly experience for trading crypto assets.
Pawswap is developed and inspired by the mantra of decentralization at its core. Inspired by Shiba Inu’s success, the Pawswap team strives to bring the same quality of success from Shiba Inu to Pawswap. Pawswap strives to create and transform the decentralized space through community-driven innovation. They pride themselves in the ability to provide safety and compliance to anyone investing and trusting in our team and our products.
The Pawswap mission is to create a DEX that empowers individuals to take control of their financial future and provides a safe and user-friendly platform for trading cryptocurrencies. They believe decentralization can level the playing field and give everyone the opportunity to participate in the digital economy without a central authority in command. The protocol's goal is to create a platform that is community-driven, transparent, and accessible to all, built on the principles of security, autonomy, and freedom of choice. They also believe in the power of decentralization to democratize finance and provide equal access to opportunities for all.
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 Reminder
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
Apr 19, 2023