Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list CSPR and support deposit and withdrawal & Automated Market Making (AMM) on June 4, 2021 (UTC). And its trading pair CSPR/USDT and CSPR/BTC will be available on the same day.
Casper is an open-source Proof-of-Stake blockchain network built off the CBC (Correct-by-Construction) Casper specification originally established by early Ethereal developers.
Casper solves the scalability trilemma by allowing development teams to build with confidence that the network will optimize for security, decentralization, and high throughput. As a Proof-of-Stake (PoS) network, Casper relies on a set of validators to uphold the network. PoS validators do not require the same hardware setup as Proof-of-Work networks, allowing validators to be more geographically decentralized and eliminating the centralizing pressures of economies of scale. PoS also enables scalability mechanisms like sharding, a forthcoming feature to allow the network to process multiple transactions simultaneously, improving overall throughput.
Casper is optimized for enterprise and developers through three main features: upgradeable contracts, developer-friendly languages, and forthcoming predictable network fees.
Upgradeable Contracts: Casper enables on-chain smart contracts to be directly upgraded, removing the need for complex and migration processes and making it easier to patch smart contract vulnerabilities.
Developer-Friendly Languages: Casper supports developers building with WebAssembly. The network’s development ecosystem is designed to be familiar to existing Web2 developers instead of being written in a proprietary language like Solidity. This provides an easier path for developers and businesses to start building with Casper immediately.
Predictable Network Fees (In Development): Casper intends to incentivize active and diverse network behavior by establishing consistent, predictable, and transparent gas costs - eliminating volatility and improving both developer and user experience.
CSPR is the native token to the Casper network. As a Proof-of-Stake blockchain, Casper relies on CSPR to reward the validators that participate in the PoS consensus mechanism to secure and uphold the network. Casper users also rely on CSPR to pay network fees for on-chain actions. For example, each token transfer costs 0.0001 CSPR (10000 motes) and the amount transferred needs to be 2.5 CSPR or more.
1. Deposit: 2:00 June 4 (UTC)
2. Withdrawal: 2:00 June 4 (UTC)
3. Trading pair: CSPR/USDT; CSPR/BTC
4. Opening method: Call Auction
a. Call Auction
2:00—5:50 June 4, 2021 (UTC)
Orders can be placed and cancelled
5:50-6:00 June 4, 2021 (UTC)
Orders can be placed but cannot be cancelled
6:00 June 4, 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
June 3, 2021
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