Dear CoinEx users:
OneSwap, a decentralized trading protocol strategically invested by CoinEx has been officially launched along with the open beta on September 8. The details are as follows:
Between 8:00 on September 7 and 8:00 on September 10 (UTC), users can join liquidity mining, transaction mining and bug scanning to get ONES as a reward. OneSwap will give away 500,000 ONES in total on a first come first served basis. For more details, please refer to: 《OneSwap “Gemini” Global Public Beta to Start on September 7》、《ONES Initial Mining Guide》
OneSwap is a fully decentralized transaction protocol on smart contract, with permission-free token listing and automated market making (AMM). Known as the "upgraded version of Uniswap", OneSwap has comprehensively upgraded the user experience based on Uniswap's AMM, offering a trading experience equivalent to that of a centralized exchange.
OneSwap adopts the AMM liquidity mining and transaction mining model. It has also introduced an on-chain order book so that users can initiate either Swap orders at the market price or limit orders which enable the buy and sell order at the target price.
OneSwap will charge the Taker a fixed percentage of transaction fees based on the transaction amount, while Maker does not need to pay; transaction fees are divided into two parts, 60% directly goes to the liquidity provider and 40% for repurchasing and burning ONES. In transaction mining, both liquidity providers and traders will receive OneSwap's governance token ONES as an economic incentive.
OneSwap will issue its token, stay tuned to further notice for the specific issuance time. We will keep you updated if there's any latest information.
To learn more, please visit OneSwap official website: www.oneswap.net
CoinEx reserves the right of final interpretation for this announcement.
September 8, 2020
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Dear CoinEx users: