Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list LAT and support deposit and withdrawal & Automated Market Making (AMM) on May 12, 2021 (UTC). And its trading pairs LAT/USDT, LAT/BTC will be available on the same day.
Website | Explorer | White paper
PlatON, initiated and driven by the LatticeX Foundation, is a next-generation Internet infrastructure protocol based on the fundamental properties of blockchain and supported by the privacy-preserving computation network, with “computing interoperability” as its core feature. By building a computing system assembled by Verifiable Computing, Secure Multi-Party Computing, Zero-Knowledge Proof, Homomorphic Encryption and other cryptographic algorithms and blockchain technology, PlatON provides a public infrastructure in open source architecture for global artificial intelligence, distributed application developers, data providers and various organizations, communities and individuals with computing needs.
LAT is the native token of PlatON Network. LAT fuels and secures PlatON. In the PPOS mechanism, LAT is of great importance to the network. With LAT, one can delegate to validators or become a validator by staking themselves, which help maintain PlatON network security. Both the validators and delegators can get LAT rewards. LAT acts as medium of data trading market. As a payment medium, LATs are used to settle trades in the PlatON market for data and computing power. Participants in the PlatON computation network earn LATs by providing data usage, computing power, and algorithms.
1. Deposit: 8:00 May 12 (UTC)
2. Withdrawal: 8:00 May 12 (UTC)
3. Trading pair: LAT/USDT, LAT/BTC
4. Opening method: Call Auction
a. Call Auction
8:00—9:50 May 12, 2021 (UTC)
Orders can be placed and cancelled
9:50-10:00 May 12, 2021 (UTC)
Orders can be placed but cannot be cancelled
10:00 May 12, 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 12, 2021
Follow us Facebook | Twitter | Reddit
Contact us Support | Telegram
About us Website | Announcements | APP