Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list TVK and support deposit and withdrawal & Automated Market Making (AMM) on June 3, 2021 (UTC). And its trading pair TVK/USDT will be available on the same day.
About TVK
Website丨Explorer
Terra Virtua is an immersive collectible platform across Mobile, AR and VR with unique social, gaming and creative experiences, enabled by blockchain. Terra Virtua's approach to collectibles is to engage users in new and unique ways. It delivers all forms of entertainment within a virtual world, and supports all of the top VR hardware brands. The platform will be comprised of: Interactive entertainment, Premium Event, User-generated content. Terra Virtua has partnered with many games developers and studios, including Epic Games and MakeReal, to bring the best VR games and experiences to the platform. Terra Virtua Kolect(TVK) is the fuel of Terra Virtua, opening up a whole world of privileges, experiences and opportunities. The value of TVK includes rewards, access rights， governance, NFT creation( creator locks their TVK to enter into the market and promote their 3D Collectibles), staking and farming. Terra Virtua’s goal is to become the one platform to share, trade and interact with digital collectibles from brands and creators in new, social, engaging and immersive ways.
TVK Services
1. Deposit: 3:00 June 3 (UTC)
2. Withdrawal: 3:00 June 3 (UTC)
3. Trading pair: TVK/USDT
4. Opening method: Call Auction
a. Call Auction
3:00—6:50 June 3, 2021 (UTC)
Orders can be placed and cancelled
6:50-7:00 June 3, 2021 (UTC)
Orders can be placed but cannot be cancelled
b. Trading
7:00 June 3, 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.
Risk Warning
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
CoinEx Team
June 3, 2021
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