Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list UNIBOT and support deposit and withdrawal & Automated Market Making (AMM) on Jul 24, 2023 (UTC). And its trading pair UNIBOT/USDT will be available on the same day.
UNIBOT Services
1. Deposit: 08:00 Jul 24, 2023 (UTC)
2. Withdrawal: 08:00 Jul 24, 2023 (UTC)
3. Trading pair: UNIBOT/USDT
4. Opening method: Call Auction
a. Call Auction
08:00-08:50 Jul 24, 2023 (UTC)
Orders can be placed and canceled
08:50-09:00 Jul 24, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
09:00 Jul 24, 2023 (UTC)
About UNIBOT
Unibot offers free-to-use Telegram bots for seamless and lightning-fast trading.
It is a fast Telegram Uniswap sniper that facilitates lightning-fast swaps and snipers, accessible to all users with a 1% transaction fee. Unibot features on quick speed, driven by advanced algorithms and robust infrastructure. This includes private nodes for snipers, a private transaction option for buying and selling tokens, wallet monitoring, and a token tracker.
UNIBOT token holders enjoy various benefits, including:
· Reduced fees for utilizing the platform's utilities.
· Access to additional perks, such as reserved premium nodes, leading to faster transactions.
· Advanced algorithms like MEV protection and private transactions.
Among the UNIBOT tools available are:
· A fast Buy and Sell platform.
· Mirror Sniper, enabling users to copy the trades of other wallets.
· A token launch channel providing real-time information on newly deployed tokens.
· Method Sniper, allowing users to input up to 3 token addresses for sniping at launch.
· Wallet management and PNL analysis of token values held by the user.
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 24, 2023