Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list MAP (MAP Protocol) on Jan 5, 2024 (UTC). The details are as follows.
List Time
1. Deposit: 03:00 on Jan 5 (UTC)
2. Withdrawal: 03:00 on Jan 5 (UTC)
3. Trading pair: MAP/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-07:50 Jan 5 (UTC)
Orders can be placed and canceled
07:50-08:00 Jan 5 (UTC)
Orders can be placed but cannot be canceled
b. Trading
08:00 Jan 5 (UTC)
About MAP
MAP Protocol is A Bitcoin layer-2 and peer-to-peer omnichain infrastructure built upon light clients and ZK technology, focusing on cross-chain.
MAP Protocol is a Bitcoin layer-2 as well as a peer-to-peer omnichain network focused on cross-chain interoperability. It provides the essential omnichain infrastructure for achieving interoperability among blockchain-based assets, storage, and computing across EVM and non-EVM chains.
As an omnichain infrastructure, there are no single entities trusted for cross-chain communication on MAP Protocol. The only trust is put in code that leverages light clients’ self-verifying nature, thus ensuring cross-chain is done in a purely peer-to-peer way. When a cross-chain request occurs on the source chain, it will be transmitted by off-chain roles to the target chain. Light clients deployed on the source chain will then verify the validity of the cross-chain requests sent by the off-chain role in a peer-to-peer way.
Moreover, the security of MAP Protocol is further strengthened by the Bitcoin network. All related information such as epochs and MAP Relay Chain’s PoS consensus is written into the Bitcoin block as transactions. This will prevent long range attacks on the relay chain, thus using the Bitcoin network security mechanism to further ensure the security of the relay chain.
There are three layers structured in MAP Protocol — the Protocol Layer, MAP Omnichain Service Layer (MOS), and the Application Layer.
About Automated Market Making (AMM)
AMM is supported for the MAP/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Jan 4, 2024
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