Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list WLKN and support deposit and withdrawal & Automated Market Making (AMM) on Nov 17, 2023 (UTC). And its trading pair WLKN/USDT will be available on the same day.
1. Deposit: 07:00 Nov 17, 2023 (UTC)
2. Withdrawal: 07:00 Nov 17, 2023 (UTC)
3. Trading pair: WLKN/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Nov 17, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Nov 17, 2023 (UTC)
Orders can be placed but cannot be canceled
10:00 Nov 17, 2023 (UTC)
Users are rewarded with WLKN tokens for exercise and in-app game play and their characters in the game are NFTs which means that users not only can earn tokens, but they are also creating NFTs that can be bought and sold in NFT marketplaces. The real power of the Walken platform is in offering a direct integration with DeFi platforms to encourage new crypto holders to start earning more from the tokens they receive from living a healthier lifestyle. The app will have a built in and simplified interface to blue chip level DeFi strategies.
Their mission is to create a powerful app platform and ecosystem to bring millions of new users into the world of crypto through apps of all kinds developed by the Walken team and 3rd party studios. It should be easy for users to experience the power of crypto to make their lives better while also providing improved stability for the WLKN token by encouraging investing and holding over selling.
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
Nov 17, 2023