Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list HLG (Holograph) on May 23, 2024. The details are as follows.
List Time
1. Deposit: 12:00 on May 23 (UTC)
2. Withdrawal: 12:00 on May 23 (UTC)
3. Trading pair: HLG/USDT
4. Opening method: Call Auction
a. Call Auction
12:00-12:05 May 23 (UTC)
Orders can be placed and canceled
12:05-12:10 May 23 (UTC)
Orders can be placed but cannot be canceled
b. Trading
12:10 May 23 (UTC)
About HLG
Holograph has been used to mint millions of onchain assets, making it one of the most widely used protocols for cross-chain asset production and distribution.
Holograph works by burning tokens on the source chain, sending a message via a messaging protocol to the destination chain, and then reminting the same number of tokens to the same contract address. This unifies liquidity, eliminates slippage, and preserves fungibility across blockchains.
At present, blockchain ecosystems operate as isolated sovereignties. As more and more blockchains come online, fragmentation will continue to get worse, hindering network effects and creating undesirable user experiences.
Holograph solves this by allowing asset issuers and users to interact with tokens on multiple chains, unlocking interoperability, unifying liquidity, and improving cross-chain user experiences.
Tokens minted by the protocol contain the following properties:
Preserve Fungibility: Holograph enables tokens to move between blockchains while maintaining the same contract address, allowing asset issuers to easily index cross-chain data.
Unify Liquidity: Holograph’s burn and mint transport process unifies token supply across multiple chains, enabling tokens to move cross-chain without fracturing liquidity.
Retain Sovereignty: Tokens minted with Holograph are not locked in to any specific chain, allowing asset issuers to maintain control over where and how they are deployed and minted.
About Automated Market Making (AMM)
AMM is supported for the HLG/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
May 23, 2024
Invite friends to register and share up to 40% trading fee rebate. More free vouchers await you >>>
Learn about CoinEx latest coin listing info in the New Listing zone >>>
Join CoinEx official community to get the latest asset listing updates and unlock exclusive benefits >>>
Follow CoinEx Global Twitter to learn about the latest market trends and win gifts >>>