Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list W (Wormhole) on Apr. 3, 2024. The details are as follows.
List Time
1. Deposit: 12:00 on Apr. 3 (UTC)
2. Withdrawal: 12:00 on Apr. 3 (UTC)
3. Trading pair: W/USDT
4. Opening method: Call Auction
a. Call Auction
12:00-12:20 Apr 3 (UTC)
Orders can be placed and canceled
12:20-12:30 Apr 3 (UTC)
Orders can be placed but cannot be canceled
b. Trading
12:30 Apr 3 (UTC)
About W
Wormhole provides a means of communication between blockchains or rollups.
Consider the following examples of potential applications that are now possible with Wormhole:
Cross Chain Exchange: Using Wormhole Connect, a developer can build an exchange that allows deposits from any Wormhole connected chain, massively increasing the liquidity their users can access.
Cross Chain Governance: If a group of NFT collections on different networks wanted their holders to vote on a combined proposal, they could pick a “voting” chain, and use Wormhole to communicate votes cast on their disparate chains to the voting chain.
Cross Chain Game: A game could be built and played on a performant network like Solana, and its rewards issued as NFTs on a different network, for example Ethereum.
About Automated Market Making (AMM)
AMM is supported for the W/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.
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
Apr 3, 2024
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