Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list VGX and support deposit and withdrawal & Automated Market Making (AMM) on May 31, 2021 (UTC). And its trading pair VGX/USDT will be available on the same day.
Voyager is an online brokerage dedicated to crypto and digital assets. Voyager is a regulated crypto broker that gives investors the same easy, safe and convenient experience that made online equities trading the force it is today. Voyager executes orders across multiple exchanges, offering “Best Execution” and giving customers access to an extremely liquid market. With the trading apps and industry-leading crypto infrastructure,Voyager aims to offer investors a fast, secure, commission-free gateway to the crypto market — the broker that crypto deserves.
Voyager believes that a Regulated Crypto Broker is desperately needed to fill the execution and accessibility gap around lack of liquidity, high fees, inaccessibility and consumer protection. Voyager solve these problems by the following ways:
1. Build a next generation Dynamic Smart Order Router and Custody solution to tackle liquidity issues.
2. Operate a commission-free trading service that consumers are able to trade with peace of mind knowing that they are getting the best execution possible without extraneous fees.
3. Simple and accessible wallet and trading interfaces will be built with the mind that
every feature should be accessibility and ease of use.
4. Build trust by prioritizing security and accessible self-custody options for customers .
Voyager’s Native Broker Token (VGX) is a liquid, functional token that will provide value and utility across Voyager’s entire ecosystem including the trading, custody and wallet products. Tokens may be staked or consumed for a variety of utility that greatly enhances the experience for customers. By holding VGX, consumers can reap the benefits of holding their own keys to their crypto funds (“your keys, your coins”) while also being able to swiftly trade their crypto assets.
1. Deposit: 2:00 May 31 (UTC)
2. Withdrawal: 2:00 May 31 (UTC)
3. Trading pair: VGX/USDT
4. Opening method: Call Auction
a. Call Auction
2:00—5:50 May 31, 2021 (UTC)
Orders can be placed and cancelled
5:50-6:00 May 31, 2021 (UTC)
Orders can be placed but cannot be cancelled
6:00 May 31, 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 31, 2021
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