Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list CTK and support deposit and withdrawal & Automated Market Making (AMM) on June 22, 2021 (UTC). And its trading pair CTK/USDT will be available on the same day.
1. Deposit: 03:00 June 22 (UTC)
2. Withdrawal: 03:00 June 22 (UTC)
3. Trading pair: CTK/USDT;
4. Opening method: Call Auction
a. Call Auction
03:00—06:50 June 22, 2021 (UTC)
Orders can be placed and cancelled
06:50-07:00 June 22, 2021 (UTC)
Orders can be placed but cannot be cancelled
07:00 June 22, 2021 (UTC)
CertiK Chain is a project aiming to provide on-chain security services to smart contract. Currently, it has services including contract auditing, security oracle, CertiK Quickscan, and CertiKShield. The security oracle provides on-time security scores to DeFi projects who sent data request to the oracle network. CertiK Quickscan can scan smart contracts and give a score between 1 to 100, making a preliminary sense about the underlying projects to users. CertiK team also developed a hyper-secure programming language supported by the Ethereum Foundation,called DeepSEA. DeepSEA works directly with the CertiK Virtual Machine (CVM), which is fully compatible with EVM.
CTK is the native digital utility fuel of CertiK Chain, serving as the core utility for on-chain functionalities such as staking on the Security Oracle nodes and CertiKShield systems, paying gas consumption of CertiK Chain, and voting for governance decisions within the network.
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 22, 2021
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