Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ARCH and support deposit and withdrawal & Automated Market Making (AMM) on Nov 30, 2023 (UTC). And its trading pair ARCH/USDT will be available on the same day.
ARCH Services
1. Deposit: 07:00 Nov 30, 2023 (UTC)
2. Withdrawal: 07:00 Nov 30, 2023 (UTC)
3. Trading pair: ARCH/USDT
4. Opening method: Call Auction
a. Call Auction
07:00-09:50 Nov 30, 2023 (UTC)
Orders can be placed and canceled
09:50-10:00 Nov 30, 2023 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Nov 30, 2023 (UTC)
About ARCH
Archway enables developers to easily deploy high-performance dapps that capture the value they create for the network.As developers build and launch impactful dapps, they receive a proportional share of network fees, inflation, and premiums. This shared revenue model enables dapps to access recurring value generation and participate in the upside of the underlying protocol. For Archway, it tightly aligns the incentives of developers and their dapp communities with the overall ecosystem.Archway’s technical design is optimized for a seamless developer experience.
The protocol provides a full WebAssembly (Wasm) implementation for cross-language support, a Web3-compatible API, and native bridges that connect to other networks for crosschain communication and asset transfers. Built on Cosmos and with native integration of the Inter-Blockchain Communication protocol (IBC), Archway makes it possible to create cross-chain dapps that scale. With no need to spin up a new dedicated chain, developers can launch their contracts straight to an established Proof-of-Stake (PoS) network and instantly connect with users, assets, and communities from across the Cosmos ecosystem.
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 the 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
Nov 29, 2023