Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ATA and support deposit and withdrawal & Automated Market Making (AMM) on June 7, 2021 (UTC). And its trading pair ATA/USDT will be available on the same day.
Website丨Explorer丨 White paper
Automata Network is a decentralized service protocol that provides privacy middleware for dApps across multiple blockchains. It enables versatile use-cases such as Anonymous Voting, Miner Extractable Value (MEV) minimization and No-tracking Indexing by leveraging on the latest cryptography and privacy-preserving algorithms, along with trust computing technologies. ATA is the native utility token of Automata Network and can be used for governance, mining rewards, protocol fees, and Geonode allocation.
Automata Network has two products, Witness and Conveyor. Witness is an off-chain voting service for voters who don’t want to reveal their identity and opinion to anonymously participate in the governance of projects. MEV Minimization Conveyor is a chain-agnostic solution to the MEV issue, and can work seamlessly with DEXes such as Uniswap with zero modifications required. It ingests and outputs transactions in a determined order, thereby creating a front-running-free zone that removes the chaos of transaction reordering.
The tech team of Automata Network are from Zilliqa with frequent privacy & security research papers published at top-tier conferences, including USENIX Security, NDSS, RAID, EuroSys, and ICDCS.
1. Deposit: 7:00 June 7 (UTC)
2. Withdrawal: 7:00 June 7 (UTC)
3. Trading pair: ATA/USDT;
4. Opening method: Call Auction
a. Call Auction
7:00—10:50 June 7, 2021 (UTC)
Orders can be placed and cancelled
10:50-11:00 June 7, 2021 (UTC)
Orders can be placed but cannot be cancelled
11:00 June 7, 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 7, 2021
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