Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list AVA and support deposit and withdrawal & Automated Market Making (AMM) on August 4, 2021 (UTC). And its trading pair AVA/USDT will be available on the same day.
1. Deposit: 07:00 August 4 (UTC)
2. Withdrawal: 07:00 August 4 (UTC)
3. Trading pair: AVA/USDT
4. Opening method: Call Auction
a. Call Auction
07:00—10:50 August 4, 2021 (UTC)
Orders can be placed and cancelled
10:50-11:00 August 4, 2021 (UTC)
Orders can be placed but cannot be cancelled
Travala is a hotel & flight booking platform that supports cryptocurrency as well as traditional payment methods.
Travala.com was founded in 2017. Users can book hotels, apartments, villas, hostels and five-star luxury resorts on Travala.com. The platform currently offers more than 3.1 million travel products, from Hotels to Homes. Flights and Activities cover 90,124 destinations in 230 countries and territories, and with prices up to 40% cheaper than mainstream travel booking platforms. The platform incorporates blockchain technology and tokenization incentives, introducing multiple cryptocurrencies and traditional payment options, as well as discounts associated with the platform token AVA, with transparent pricing and optimal price support.
As the native cryptocurrency of the platform, AVA can be used for payments, receiving and redeeming loyalty rewards,discounts, collateral for DeFi and several other use cases. Founded by a team of seasoned travel, fintech and blockchain industry experts, Travala.com’s mission is to enhance the travel booking experience with blockchain technology.
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
August 3, 2021
Follow us Facebook | Twitter | Reddit
Contact us Support | Telegram
About us Website | Announcements | APP