Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list PAAL and support deposit and withdrawal & Automated Market Making (AMM) on Oct 10, 2023 (UTC). And its trading pair PAAL/USDT will be available on the same day.
PAAL Services
1. Deposit: 07:00 Oct 10, 2023 (UTC)
2. Withdrawal: 07:00 Oct 10, 2023 (UTC)
3. Trading pair: PAAL/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Oct 10, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Oct 10, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Oct 10, 2023 (UTC)
About PAAL
Website丨Explorer｜WhitepaperPaal is a robust AI ecosystem leveraging advanced AI and ML technologies. It enables users to create personalized AI, deploy it across multiple platforms including Telegram and Discord, and offers comprehensive AI solutions for everyone.
MyPaal: Crypto-focused AI that answers community questions, summarizes chats, and determines sentiment. It's like having a 24/7 community manager who never sleeps.
AutoPaal: Includes all MyPaal features with added autonomous AI real time research, insights, and analysis capabilities. It's like having a team of analysts working round the clock.
AutoPaalX provides quick trading, limit orders, and private transactions. It includes a token scanner, customizable auto sniper settings, and ensures data accuracy. A trading bot on steroids.
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
Oct 10, 2023