Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list NANA and support deposit and withdrawal & Automated Market Making (AMM) on Aug 24, 2023 (UTC). And its trading pair NANA/USDT will be available on the same day.
NANA Services
1. Deposit: 07:00 Aug 24, 2023 (UTC)
2. Withdrawal: 07:00 Aug 24, 2023 (UTC)
3. Trading pair: NANA/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Aug 24, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Aug 24, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Aug 24, 2023 (UTC)
About NANA
The Heist is a high-stakes, risk-based idle game built on the Solana Blockchain.
The Heist built a virtual crime-filled metropolis named Peel City, Chimps risk it all for a thrill & a bag of NANA. The dichotomy between Gorilla and Chimp creates a struggle for power and fruit-filled wealth. They are main NFTs used in-game.
Gorillas earn NANA through one simple method: Being positioned at Heists, and waiting for Chimps to slip up so they can make an arrest. This makes Gorillas the ideal character for those players who prefer to be more hands-off within The Heist game.
Chimps steal to thrive and progress in a world not built for them. The name of the game for the Chimps is simple; pillage the bountiful locations of Peel City to earn NANA.
Users stake their NFTs at different Heist locations and must manage their Risk & Reward in search of the best Heist outcome.
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
Aug 24, 2023