Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list POOLX and support deposit and withdrawal & Automated Market Making (AMM) on May 25, 2023 (UTC). And its trading pair POOLX/USDT will be available on the same day.
POOLX Services
1. Deposit: 07:00 May 25, 2023 (UTC)
2. Withdrawal: 07:00 May 25, 2023 (UTC)
3. Trading pair: POOLX/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 May 25, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 May 25, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 May 25, 2023 (UTC)
About POOLX
Poolz Finance is a decentralized platform that streamlines the process of launching projects and allowing investors to participate through a series of well-structured steps.
Poolz is the leading decentralized fundraising platform enabling crypto’s most innovative projects to kick start their journey and grow their communities. Poolz allows its users to make research-based decisions to participate in high-potential IDOs, NFT sales, and Gaming projects.
Poolz aims to be a multi-chain platform and currently, users can participate in IDOs and NFT sales on Ethereum, BNB Chain, Polygon, Celo, and Avalanche, with many more to come.
Poolz Finance serves as a comprehensive and secure platform for launching and bootstrapping new projects. Ranging from registration and Council voting to Whitelisting, token sales, and refunds, the platform guarantees a seamless and transparent experience for project owners and Web3 users, relying on fully decentralized and open-source protocols.
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
May 24, 2023