CoinEx Will List VRA on July 30 – CoinEx Announcements

Dear CoinEx users,

To provide you with more trading options, after rigorous reviews, CoinEx will list VRA and support deposit and withdrawal & Automated Market Making (AMM) on July 30, 2021 (UTC). And its trading pair VRA/USDT will be available on the same day.

VRA Services
1. Deposit: 07:00 July 30 (UTC)

2. Withdrawal: 07:00 July 30 (UTC)

3. Trading pair: VRA/USDT

4. Opening method: Call Auction

a. Call Auction

07:00—10:50 July 30, 2021 (UTC)

Orders can be placed and canceled

10:50-11:00 July 30, 2021 (UTC)

Orders can be placed but cannot be canceled

b. Trading

11:00 July 30, 2021 (UTC)

About VRA
Website丨Explorer丨 Whitepaper
Verasity is a protocol and product layer platform for esports and video entertainment. Verasity revenue streams include subscriptions, commissions on prize pools, and video ad revenues and transaction fees on Verasity products. VRA is the native token of Verasity. Its value includes:
(1) Game developers, influencers, publishers/sponsors buy VRA with credit cards/exchanges to fund their tournaments or campaigns which builds valuable audiences and monetizes significantly;
(2) To reach and engage potential users playing tournaments, subscribed to games or viewing videos-sponsors, game developers and publishers buy VRA to reward their users;
(3) Influencers, gamers&viewers can all earn VRA from their activities;
(4) Veracity earns a percentage from all the activities: tournaments, campaigns, Ads & sponsorships;
(5) VRA holders stake their VRA for daily rewards. The VRA Staking program incentivizes the economy to hold VRA.
Verasity’s mission is to significantly increase engagement and advertising revenues for video publishers on any video platform.

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 a 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
July 30, 2021

Articles in this section