Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ZTX and support deposit and withdrawal & Automated Market Making (AMM) on Oct 25, 2023 (UTC). And its trading pair ZTX/USDT will be available on the same day.
1. Deposit: 07:00 Oct 25, 2023 (UTC)
2. Withdrawal: 07:00 Oct 25, 2023 (UTC)
3. Trading pair: ZTX/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Oct 25, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Oct 25, 2023 (UTC)
Orders can be placed but cannot be canceled
10:00 Oct 25, 2023 (UTC)
ZTX builds upon the foundation and success of ZEPETO, the largest metaverse platform in Asia with over 430M registered users. Prioritizing interoperability and scalability, ZTX harnesses blockchain technology to empower players, creators, and communities. ZTX embodies three core pillars: Identity, Experience, and Creator Development.
-Identity: ZTX takes avatar identity and experience to new heights. Extending what currently exists in ZEPETO, ZTX not only empowers users to create their digital identity, it also leverages their creativity and monetizes their time through actual on-chain ownership of assets.
-Experience: ZTX offers a range of experiences for all types of users, and will integrate social aspects into its multi-layered approach to building a world. First, ZTX introduces innovative concepts like free land ownership along with crafting assets and land development. Users will be able to take advantage of the highly customizable decorator modes to create their digital homes and eventually invite friends over. Future plans for ZTX include integrating aspects of decentralized finance, establishing a multi-tiered economy, self-governed Districts, portal games, and much more.
-Creator Development: ZTX empowers not only creators but also players and communities to monetize through gameplay. For creators, ZTX offers a new medium to express themselves, grow their fan base, and earn from asset and experience creation. It is a platform that serves as a playground for creativity and community, enabling users of all backgrounds to chart their journeys in a digital world beyond the physical.
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 25, 2023