Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list AERGO and support deposit and withdrawal & Automated Market Making (AMM) on May 26, 2023 (UTC). And its trading pair AERGO/USDT will be available on the same day.
AERGO Services
1. Deposit: 07:00 May 26, 2023 (UTC)
2. Withdrawal: 07:00 May 26, 2023 (UTC)
3. Trading pair: AERGO/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 May 26, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 May 26, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 May 26, 2023 (UTC)
About AERGO
AERGO’s platform seeks to enable enterprises and developers to easily design, build and deploy their blockchain applications within the cloud. The platform aims to offer the possibility for creators to tailor their blockchain and applications to their needs, by giving them the choice to run across either a public or private network. Taking into account the differing characteristics private and public blockchain implementations present, the choice between the two aims to give enterprises and developers the flexibility they desire when designing a purpose-specific application. Hosting everything across a secure cloud-hosted distributed network, AERGO also aims to alleviate businesses from significant overheads through the elimination of needing to establish physical infrastructure themselves to run blockchain protocols and applications.
Blocko is now preparing and developing some of the core key technologies for AERGO. It proposes to provide comprehensive IT integration and support services for clients who wish to deploy and maintain new products and business services based on AERGO. Proposed new technologies include: a super-fast and efficient blockchain protocol; a new powerful SQL smart contract engine; advanced IT integration APIs; and easy-to-use developer tools. These are intended to be supported by a dApp orchestration and deployment framework to allow developers and businesses to install, manage and use these applications.
AERGO aims to advance enterprise blockchain, by opening up a new era of mass market usage of blockchain. An era where businesses can benefit from both public and private blockchain innovation, while focusing on building, deploying and managing new services. In short, the AERGO Project aims to provide:
(1) Advanced, yet friendly and easy-to-use technology for developers and contractors
(2) A secure and fast public and private blockchain cloud architecture for businesses
(3) An open ecosystem for third parties and businesses to connect and engage with
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.
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 25, 2023