Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list FORT and support deposit and withdrawal & Automated Market Making (AMM) on May 23, 2023 (UTC). And its trading pair FORT/USDT will be available on the same day.
FORT Services
1. Deposit: 03:00 May 23, 2023 (UTC)
2. Withdrawal: 03:00 May 23, 2023 (UTC)
3. Trading pair: FORT/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-06:50 May 23, 2023 (UTC)
Orders can be placed and canceled
06:50-07:00 May 23, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
07:00 May 23, 2023 (UTC)
About FORT
Forta is a blockchain security infrastructure provider that offers a range of services and products to ensure the safety and security of the crypto ecosystem. The team behind Forta is made up of experienced experts from academia and industry who have published multiple blockchain security papers in prestigious conferences, reported several zero-day attacks of DeFi applications, and secured billions of cryptocurrencies.
One of the key services offered by Forta is smart contract security audit, which covers EVM-compatible chains, Cosmos ecosystem, and Rust-based chains. This service is designed to help developers and DeFi projects identify and fix vulnerabilities in their smart contracts before they can be exploited by attackers.
Forta also offers a security suite for developers and DeFi projects, which includes a powerful transaction explorer designed for the DeFi community and collaborative testing on private chains forked from mainnet. This suite is designed to help developers and projects ensure the security of their code and prevent attacks.
For crypto users, Forta offers a powerful browser extension designed for the crypto community and a crypto fund visualization and analysis tool. These tools are designed to help users manage their crypto assets and investments more effectively and securely.
Overall, Forta is a valuable resource for anyone involved in the crypto ecosystem who wants to ensure the safety and security of their assets and investments. With its range of services and products, Forta is well-positioned to help developers, projects, and users stay ahead of the constantly evolving threat landscape in the blockchain space.
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
May 22, 2023