Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list DYM (Dymension) on Feb 7, 2024. The details are as follows.
List Time
1. Deposit: 09:00 on Feb 7 (UTC)
2. Withdrawal: 09:00 on Feb 7 (UTC)
3. Trading pair: DYM/USDT
4. Opening method: Call Auction
a. Call Auction
09:00-09:50 Feb 7 (UTC)
Orders can be placed and canceled
09:50-10:00 Feb 7 (UTC)
Orders can be placed but cannot be canceled
b. Trading
10:00 Feb 7 (UTC)
About DYM
Dymension is a modular blockchain designed to secure and interconnect rollups using the Inter-Blockchain Communication (IBC) standard.
The Dymension protocol aims to address the limitations of current blockchains by introducing a multi-layer blockchain protocol for decentralized applications called RollApps. Dymension provides a development kit, RDK, to simplify the creation and deployment of RollApps on the Dymension Hub, a specialized settlement layer. RollApps can communicate with each other through the Inter-Blockchain Communication (IBC) protocol. Dymension also introduces a dispute-resolution mechanism and an embedded Automated Market Maker (AMM) for shared liquidity and security.
About Automated Market Making (AMM)
AMM is supported for the DYM/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
Feb 7, 2024
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