Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ANKR and support deposit and withdrawal & Automated Market Making (AMM) on July 12, 2021 (UTC). And its trading pair ANKR/USDT will be available on the same day.
1. Deposit: 03:00 July 12 (UTC)
2. Withdrawal: 03:00 July 12 (UTC)
3. Trading pair: ANKR/USDT;
4. Opening method: Call Auction
a. Call Auction
03:00—06:50 July 12, 2021 (UTC)
Orders can be placed and cancelled
06:50-07:00 July 12, 2021 (UTC)
Orders can be placed but cannot be cancelled
07:00 July 12, 2021 (UTC)
Website丨Explorer丨 White paper
Ankr, a shared cloud economy driven by idle processing power. Ankr believes idle cloud computing power should not go to waste. With Ankr’s technology, companies can utilize excess cloud computing power from data centers and edge devices that are not being used to their full potential.Using Ankr’s DCCN (Distributed Cloud Computing Network) platform, developer and operators using applications do not directly interact with infrastructure providers’ APIs. Instead, a local orchestrator will handle resource allocation automatically.The controller and scheduler, which are essential components of the orchestration engine,will handle resource allocation and the life cycle of applications according to Ankr’s instrucitons.
Now Ankr have three main parts of business
Node integrations: Integrate staking, trading and custody services on your platform to cater to the demand of your users
Data analytics: Gain insights in on-chain data to power your data analytics platform by easily deploying and maintaining a full node for a wide range of blockchains.
API Solutions: Save money by instantly connecting to and API endpoint of major protocols to supercharge your wallet, CEX, DEX and other DApps.
ANKR is the native token for Ankr network. ANKR can be used to pay for services on the Ankr platform, such as node deployment and API services, participate in on-chain governance and also acts as an insurance for network participants.
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
July 12, 2021
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