Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ARKM and support deposit and withdrawal & Automated Market Making (AMM) on Jul 19, 2023 (UTC). And its trading pair ARKM/USDT will be available on the same day.
ARKM Services
1. Deposit: 03:00 Jul 19, 2023 (UTC)
2. Withdrawal: 03:00 Jul 19, 2023 (UTC)
3. Trading pair: ARKM/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-03:50 Jul 19, 2023 (UTC)
Orders can be placed and canceled
03:50-04:00 Jul 19, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
04:00 Jul 19, 2023 (UTC)
About ARKM
The Arkham project is"the world's first on-chain intelligence exchange", introducing intel-to-earn, an intel economy that matches buyers and sellers of blockchain data at scale.
Arkham aims to provide users with a marketplace called Arkham Intel Exchange, where they can request intelligence from the community and reward bounty hunters for submitting requested information.
The Arkham Intel Exchange connects people who want to buy and sell crypto intelligence. It is a decentralized intelligence economy where anyone can trade the native currency—ARKM—for information, such as entity labels, hacker tracing, and curated data feeds.
Buyers request intelligence by placing bounties. Sellers offer intelligence by conducting auctions. Both bounties and auctions are conducted via audited smart contracts, with no centralized entity ever taking custody of funds.
By creating a market for intelligence, The Arkham Intel Exchange and accompanying DATA program allow people who generate intelligence to capture some of the value of their work—what is called “intel-to-earn”. Intel-to-earn incentivizes the production of intelligence as a public good.
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
Jul 19, 2023