Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list BZZ and support deposit and withdrawal & Automated Market Making (AMM) on June 22, 2021 (UTC). And its trading pair BZZ/USDT will be available on the same day.
BZZ Services
1. Deposit: 04:00 June 22 (UTC)
2. Withdrawal: 04:00 June 22 (UTC)
3. Trading pair: BZZ/USDT;
4. Opening method: Call Auction
a. Call Auction
04:00—07:50 June 22, 2021 (UTC)
Orders can be placed and cancelled
07:50-08:00 June 22, 2021 (UTC)
Orders can be placed but cannot be cancelled
b. Trading
08:00 June 22, 2021 (UTC)
About BZZ
Website丨Explorer丨 White paper
Swarm is a decentralised storage and communication system for a sovereign digital society.
Swarm is a system of peer-to-peer networked nodes that create a decentralised storage and communication service. The system is economically self-sustaining due to a built-in incentive system enforced through smart contracts on the Ethereum blockchain.
Swarm’s mission is to shape the future towards a self-sovereign global society and permissionless open markets by providing scalable base-layer infrastructure for the decentralised internet. Swarm’s vision is to extend the blockchain with peer-to-peer storage and communication to realise the world computer that can serve as an operating system and deployment environment for decentralised applications.
Swarm provides continuity of service and resilience against network outages or targeted denial of service attacks. As a platform for permissionless publication, Swarm fosters freedom of information. With its exceptional privacy features like anonymous browsing, deniable storage, untraceable messaging and file representation formats that leak no metadata, Swarm responds to the growing demand for security on the web.
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 22, 2021
Follow us Facebook | Twitter | Reddit
Contact us Support | Telegram
About us Website | Announcements | APP