Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list HMND and support deposit and withdrawal & Automated Market Making (AMM) on Nov 22, 2023 (UTC). And its trading pair HMND/USDT will be available on the same day.
1. Deposit: 07:00 Nov 22, 2023 (UTC)
2. Withdrawal: 07:00 Nov 22, 2023 (UTC)
3. Trading pair: HMND/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Nov 22, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Nov 22, 2023 (UTC)
Orders can be placed but cannot be canceled
10:00 Nov 22, 2023 (UTC)
Humanode is a network based on cryptographically secure bio-authorized nodes. Using solutions that provide private search and matching operations and liveness detection algorithms, users will be able to deploy nodes to create a public permissionless financial network based on consensus between human nodes who share the fees and ownership of the network in an equal manner.
Human nodes are created through crypto biometric authentication, which is a combination of cryptographically secure matching and liveness detection mechanisms to verify the uniqueness and existence of real human beings. Thus, the user’s pseudonymous biometric identity becomes the stake that gives access to the creation of a node that verifies transactions. This approach mitigates the problem of the disproportion of power in decentralized systems such as mining cartels or validator oligopolies. In the Humanode network, only one node derives from one biometric identity. This also means that every node is equal in terms of voting and computation power, while rewards for verification and storage are equally distributed among the human nodes.
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 21, 2023