Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list BIGTIME and support deposit and withdrawal & Automated Market Making (AMM) on Oct 12, 2023 (UTC). And its trading pair BIGTIME/USDT will be available on the same day.
1. Deposit: 07:00 Oct 12, 2023 (UTC)
2. Withdrawal: 07:00 Oct 12, 2023 (UTC)
3. Trading pair: BIGTIME/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Oct 12, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Oct 12, 2023 (UTC)
Orders can be placed but cannot be canceled
10:00 Oct 12, 2023 (UTC)
Big Time is a AAA multiplayer action role-playing game. After collecting rare or legendary NFT items, players can use them to decorate their avatars and time machines, where they can adventure across time and space with friends to explore ancient mysteries and future civilization.
In the game, players travel through time and space to defend history and fight against a mysterious force that is gradually tearing apart the wall of history and time. Players will encounter twisted historical figures and events throughout the game, fight with other warriors through different professions (tanks, mages, DPS, healers), kill monsters in the game, and obtain valuable NFT trophies. Additionally, players can customize their characters using armor and clothing from different historical periods.
For Big Time users, they do not need to have extensive encryption knowledge or high capital after the game is officially launched. Even traditional gamers won't feel too unfamiliar with this, anyone can download it and start playing right away.
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.
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
Oct 12, 2023