Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list SAVM (SatoshiVM) on Jan 19, 2024 (UTC). The details are as follows.
List Time
1. Deposit: 09:00 on Jan 19, 2024 (UTC)
2. Withdrawal: 09:00 on Jan 19, 2024 (UTC)
3. Trading pair: SAVM/USDT
4. Opening method: Call Auction
a. Call Auction
09:00-09:50 Jan 19, 2024 (UTC)
Orders can be placed and canceled
09:50-10:00 Jan 19, 2024 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Jan 19, 2024 (UTC)
About SAVM
SatoshiVM is a decentralized Bitcoin ZK Rollup Layer 2 solution compatible with the Ethereum Virtual Machine (EVM) ecosystem, using native BTC as gas. SatoshiVM bridges the EVM ecosystem with Bitcoin, enabling the Bitcoin ecosystem to issue assets and develop applications. As a ZK Rollup, SatoshiVM bundles multiple transactions into batches that are validated as a single transaction on the Bitcoin blockchain, ensuring security on par with layer 1 while improving scalability through off-chain computation and ZK fraud proofs.
Key technological features of SatoshiVM are: a ZK EVM that enables Ethereum-style on-chain computation and development; ZK Rollup batching to provide mainnet-equivalent security at L2 scalability; ZK fraud proofs accomplished via Bitcoin Script without altering Bitcoin consensus rules; enforced data availability through mainnet transaction data releases, enabling universal computation verification; and native BTC as gas to power L2 computation by leveraging Bitcoin's liquidity and developed infrastructure the same way Ethereum leverages ETH on layer 2.
About Automated Market Making (AMM)
AMM is supported for the SAVM/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 19, 2024
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