Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list NTRN and support deposit and withdrawal & Automated Market Making (AMM) on Oct 13, 2023 (UTC). And its trading pair NTRN/USDT will be available on the same day.
NTRN Services
1. Deposit: 07:00 Oct 13, 2023 (UTC)
2. Withdrawal: 07:00 Oct 13, 2023 (UTC)
3. Trading pair: NTRN/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Oct 13, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Oct 13, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Oct 13, 2023 (UTC)
About NTRN
Neutron works with networks using the IBC protocol. Neutron security (block validation) is provided by the Cosmos Hub network using Interchain Security.
Cosmos SDK: Neutron is built using the Cosmos SDK framework. A generalized framework that simplifies the process of building secure blockchain applications on top of Tendermint BFT. It is based on two major principles: Modularity & capabilities-based security.
Interchain Security: Interchain Security is a technology which allows Neutron to be secured by the validator set of the Cosmos Hub and do not have another one separate validator set particularly for the Neutron blockchain.
Interchain Queries: Neutron is bringing customizable Interchain Queries to smart contract developers. Interchain Queries (aka ICQs) are an essential building block enabling devs to securely retrieve data from remote zones.
Interchain Transactions: Neutron is bringing interchain accounts (ICA) to CosmWasm smart-contracts. ICAs allow modules and smart contracts to execute and track transactions on foreign zones, without deploying additional code. With ICQs, they're the Interchain's secret DeFi sauce.
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 12, 2023