Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ALICE and support deposit and withdrawal & Automated Market Making (AMM) on May 20, 2021 (UTC). And its trading pair ALICE/USDT will be available on the same day.
My Neighbor Alice is a multiplayer builder game, where anyone can buy and own virtual islands, collect and build exciting items and meet new friends. The game combines the best of the two worlds - a fun narrative for regular players who want to enjoy the game play experience as well as an ecosystem for players who want to collect and trade NFT:s, even if they have no idea what an NFT is.
The game is designed in a way to allow players to “own the game” by exercising power over the platform. Players also enjoy the democratic governance model based on a liquid democracy and real-world inspiration rules over a DAO (Decentralized Autonomous Organization).
My Neighbor Alice is the brainchild of Antler Interactive, an interactive game studio known for its gaming innovations. Being a pioneer in VR gaming, the studio is experimenting with Augmented Reality (AR) to bring gaming to a new qualitative level. In My Neighbor Alice Antler Interactive leverages the Chromia platform, enabling advanced blockchain and in-game DeFi features.
ALICE token is the native currency in the game. It allows token holders to play, invest and also be part of the game. ALICE token has the following utilities:
1. Payments : ALICE is the game currency that players use to purchase assets and land in the game.
2. DeFi: Token holders could participate in staking and earn rewards as a certain percentage of platform revenues will be given out as staking rewards.NFTs will also have DeFi features such as collateralization and buybacks.
3. Governance: Owning ALICE enables a player to participate in the governance process through a decentralized organisation, with proposals and voting structures.
4. Play to earn: There are a proportion of the tokens reserved for user incentives. By completing quests in the game, players could earn ALICE tokens.
1. Deposit: 7:00 May 20 (UTC)
2. Withdrawal: 7:00 May 20 (UTC)
3. Trading pair: ALICE/USDT
4. Opening method: Call Auction
a. Call Auction
7:00 May 20—10:50 May 20, 2021 (UTC)
Orders can be placed and cancelled
10:50-11:00 May 20, 2021 (UTC)
Orders can be placed but cannot be cancelled
11:00 May 20, 2021 (UTC)
What is Automated Market Making (AMM)?
Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide continuous quotation for the market. CoinEx combines AMM with the order book, which means the liquidity pool will be automatically converted into the order book. With the "constant product market maker formula" algorithm in AMM, no matter how large the order book is or how small the liquidity pool is, firm liquidity provision to the market can be guaranteed. Learn more
Fees and Profit
Market supporting automated market making is an AMM market. Compared with normal market, AMM market adopts an independent fees system. The fees for both marker and taker is 0.3%. VIP and market makers will not enjoy any special fees, and using CET for fees deduction is unavailable. All users are qualified to apply for market makers, and 50% of the market's transaction fees will be rewarded to liquidity providers.
Characteristics of AMM
1. Bonus obtainable from automated market making
User’s provided liquidity will be injected into the pool for automated market making. 50% of the market's transaction fees will be rewarded to liquidity providers in terms of the corresponding pool proportion.
2. Daily bonus can be cumulatively withdrawn
The transaction fee bonus will be calculated once a day and automatically credited into the user's Market Making Account before 4:00 (UTC) the next day. The user can obtain all the accumulated fee bonus after removing liquidity.
3. Free access, no charge required
Assets between Spot Account and Market Making Account can be transferred in real time by adding and removing liquidity. Each user in a single market can increase liquidity twice a day, and no fees will be charged during the operation.
The assets in the Market Making Account will be injected Into the liquidity pool for automated market making. When the price fluctuates, there will be impermanent losses, and the amount of the two assets will change when the liquidity is removed. More details about impermanent losses
May 20, 2021
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