Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list KAI and support deposit and withdrawal & Automated Market Making (AMM) on August 6, 2021 (UTC). And its trading pairs KAI/USDT and KAI/BTC will be available on the same day.
1. Deposit: 03:00 August 6 (UTC)
2. Withdrawal: 03:00 August 6 (UTC)
4. Opening method: Call Auction
a. Call Auction
03:00-6:50 August 6, 2021 (UTC)
Orders can be placed and canceled
6:50-7:00 August 6, 2021 (UTC)
Orders can be placed but cannot be canceled
KardiaChain is a blockchain infrastructure that helps connect other blockchains. It means developers can build cross-chain applications on Kardiachain with ease. It has a unified infrastructure which helps solutions run on multiple platforms by enabling interoperability among them and making the implementation as straightforward as possible from the developer's perspective. It means developers can build cross-chain applications on Kardiachain with ease. Our unified infrastructure helps solutions run on multiple platforms by enabling interoperability among them and making the implementation as straightforward as possible from the developer's perspective. The KardiaChain team has developed a non-invasive solution, called Dual master node (or Dual node for short), to facilitate inter-chain operations among both existing and upcoming blockchain platforms. The ultimate goal of KardiaChain is to create a unified ecosystem where developers can easily create smart contracts that can run on multiple blockchains, i.e. to optimize costs and avoid congestion and can communicate with smart contracts on other chains in a trustless and secure manner.
The native digital cryptographically secured utility token of KardiaChain (KAI) is a major component of the ecosystem on KardiaChain, and is designed to be used solely as the primary token on the network. KAI is a non-refundable functional utility token which will be used as the unit of exchange between participants on KardiaChain. The goal of introducing KAI is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on KardiaChain.
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.
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 5, 2021